In today's post, I'll share a detailed & honest Zerodha review of 2023.
Zerodha is the biggest (client-wise) discount broker in India, with over 40 lakh customers. They are known as the founder of discount brokerage.
Zerodha offers to trade in commodity, stocks, and currency derivatives. They have fixed & nominal charges of ₹20 per trade, where delivery is free.
So, let's begin with detailed Zerodha review.
Zerodha Review 2023
Zerodha is a reputed discount broker in India. Zerodha offers advanced financial chart comparison tools that help the users to understand the company's financials and other information.
Zerodha platform is available to use on multiple devices, including IOS, Android and online through a Web Browser.
Zerodha Segments
Zerodha allows you to trade in:
- Stocks
- Futures & Options(F&O)
- Mutual Funds
- Government Securities
- Sovereign Gold Bond
Zerodha Fees
- Zerodha doesn't charge any withdrawal fees.
- Zerodha doesn't charge a fee for inactive accounts.
- Zerodha doesn't charge deposit fees.
Zerodha Brokerage Charges
Zerodha charges flat brokerage of ₹20 per trade, and delivery is free. Zerodha charges ₹50 for Call and Trade.
Class | Brokerage |
|---|---|
Equity Delivery | FREE |
Equity Intraday | ₹20 per order or 0.03% (whichever is lower) |
F&O | ₹20 per order or 0.03% (whichever is lower) |
Currency & Commodity F&O | ₹20 per order or 0.03% (whichever is lower) |
Zerodha Charges / Fees
Charges | Equity Delivery | Equity Intraday | Equity F&O |
|---|---|---|---|
STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.01% on sell side |
Transaction charges | NSE: 0.00345% | NSE: 0.00345% | F: NSE: 0.002%, |
GST | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
SEBI charges | ₹5 / crore | ₹5 / crore | ₹5 / crore |
Stamp charges | 0.015% or ₹1500 / crore on buy side | 0.003% or ₹300 / crore on buy side | 0.002% or ₹200, 0.003% or ₹300 / crore on buy side |
Go here to calculate brokerage charges on Zerodha.
Zerodha Margin / Leverage
Zerodha offers margin that vary from segment to segment.
Segment | Zerodha Margin |
|---|---|
Zerodha Equity Delivery | NIL |
Zerodha Equity Intraday | Upto 16X |
Zerodha Stock F&O | 3.7X |
Zerodha Index F&O | 3.7X |
Zerodha Currency & Commodity Futures | 3.33X |
Margin Calculator |
Zerodha Minimum Deposit
Zerodha does not require a minimum deposit when opening a Zerodha account. This attracts the new customers to open an account with Zerodha.
Zerodha Account Opening Charges / AMC
- Zerodha Trading & Demat Account Opening Charges (Equity, F&O, Currency and Commodity) : ₹200 + ₹100 for commodity (One Time)
- Zerodha Account Annual Maintenance Charges (AMC): ₹300 Per Year
- You can check all other detailed pricing at: https://zerodha.com/pricing
Zerodha Account Opening Documents
- PAN Card
- Aadhar Card
- Cancelled Cheque
- Income Proof, i.e. FORM 16, Bank Statement, ITR Acknowledge copy, (If you wish to trade in Futures & Options)
- A mobile number and an email.
How To Open Zerodha Account Online?
Step #1: Visit the Zerodha Account opening page.
Step #2: Click on 'Sign Up Now' and enter your mobile number & email and enter your OTP to confirm both.
Step #3: You need to enter your PAN and your date of birth.
Step #4: Now you need to make payment for Account opening charges mentioned above. You may pay using UPI or Net Banking.
Step #5: After payment is made, you have to share your digilocker with Zerodha to share the Aadhar details.
Step #6: Now you have to enter your personal details and your bank account details and then continue.
Step #6: On the next step, you will get Webcam IPV where you get a code that you have to write on a piece of paper and hold also you have to turn on your webcam and capture.
Step #7: Now upload the relevant documents as said earlier and then continue.
Step #8: Complete eSign as directed.
Step #9: That's it. You will receive an email and an SMS regarding approval of your account.
Zerodha Pros
Zerodha Cons
Open you account with Zerodha today.
Frequently Asked Questions (FAQs) on Zerodha
Intraday square-off time is 3:20 PM in Zerodha.
Yes, Zerodha provides After Market Order (AMO).
Yes, Zerodha provides a mobile app for IOS and Android.
Yes, Zerodha provides an advance chart with its trading platform.
No, Zerodha doesn't offer forex trade.
Yes, you can trade in currency with Zerodha.
Yes, You can invest in bonds with Zerodha.
Yes, you can invest in Mutual Fund using Zerodha.
Yes, You can invest in IPO with Zerodha.
Yes, you can transfer funds using UPI to Zerodha.
