If you want to get unbiased Zerodha review 2020 then please read on.
Zerodha started its activity in 2010 and was first to introduce flat 20 rupees brokerage( Discount brokerage), and they created the blue ocean.
If you trade intraday or trade Derivatives, then Zerodha charges 20 rupees per order, which was very cheap than many traditional brokers at that time.
Investors and traders like this idea and Zerodha became successful within two years of its beginning.
Today Zerodha has more than 10 lac clients, and it is the biggest discount broker in terms of number of clients.
|Broker Type||Discount Broker|
|Product and Services||Equity,Commodity(Non Agri ),Currency,Mutual Fund|
Though there has been criticism for Zerodha for having server issues now and then, it has improved quite a bit over the years.
Many traditional brokers now have also started giving the same brokerage structure as Zerodha; hence competition is increasing for them.Those who are looking for a traditional broker who started charging a Flat fee brokerage can see IIFL review.
When Zerodha started, its main USP was flat brokerage. Even though there were a lot of technical issues, but they managed to get the attention of investors and traders.
Over the last ten years, Zerodha has improved a lot in terms of its server reliability, execution time, and customer service.
As of now Zerodha has largest active client base.
Zerodha Brokerage charges 2020
Zerodha main USP is its brokerage. For delivery, it charges zero rupees and for other traders, it charges 20 rupees or 0.03% ( whichever is lower).
Zerodha Brokerage Charges
|Account Opening Charges||300 ( For Online), 600 ( For Offline)- for all available segments|
|Equity Intraday||20 rupees or 0.03%( whichever is lower)|
|Equity Options||Flat 20 rupees per order|
|Furures||20 rupees or 0.03%( whichever is lower)|
|Currency options||20 rupees or 0.03%( whichever is lower)|
|Commodity Futures||20 rupees or 0.03%( whichever is lower)|
|Commodity Options||20 rupees or 0.03%( whichever is lower)|
If you want to open an online account with Zerodha you can open Zerodha Account opening page.
You need to provide your name, mobile number and email id to register.
Zerodha trading software
Zerodha has three broad categories of software’s for trading purposes.
- Kite: It is one of the best web-based trading platforms available. it is simple to use, yet provides all the features a professional trader requires.
All the products ( Equity, Derivative, Currency, commodity) can be accessed from this.
Traders who use charts to take their trading decisions can use an inbuilt trading view charting platform to trade.
2. Pi: It is an exe based application for trading. It is simple yet powerful and provides broker terminal like keyboard shortcuts.
though at times it hangs and order flow does not remain smooth, overall it is good software, which is available for free.
All the products ( Equity, derivatives, currency, commodity) can be accessed from this.
3. Zerodha Kite 3.0 Mobile App: This is a good mobile app with a simple user interface and even a person who has little knowledge about using apps can run and trade from this.
Zerodha Paid software: Apart from the free Softwares Zerodha also provides paid subscription-based access to software like Amibroker through its API PI bridge which is chargeable at 500 rupees per month.
|IPO ( Through a separate platform Console)||Yes|
|Online Mutual Funds||Yes|
|SIP ( Systemetic Investments Plans)||Yes|
|Research||Yes( Subscription based)|
|SmallCase Investments||Yes( Subscription based)|
|Insurance( Life, Health)||No|
|Loan( Home, Personal, Gold)||No|
Leverage / Margin
|Equity Intraday||Up to 15 times|
|Equity Delivery||Up to 4 times|
|Equity Futures||Up to 4 times|
|Equity Options (selling)||Up to 2 times|
|Currency Futures||Up to 8 times|
|Currency Options||Up to 5 times|
|Commodities||Up to 8 times|
Leverage provided by Zerodha
Please do note that the above leverage depends on market volatility, regulatory body instructions, and RMS. Hence it can change from time to time.
How to open Demat and Trading Account
To open an online paperless Demat and trading account of Zerodha, you need to click and sign up at Zerodha.
You need to provide your Name Mobile number and Email address to register.
After registration, you need to provide you details like PAN number, bank account details, address proof, photograph. You have to upload soft copy of the documents.
Once done, your account will be verified by Zerodha and will get opened. In any step, if you face any difficulty, you can chat with customer care during market hours.
If you want to know more about Demat and trading account, you can check this article.
Zerodha provides a seamless way to open an online account and trade with all the instruments.
If you do not want any trading support like trading calls ,research calls then you can open account with Zerodha.
You can get trading and research calls from Zerodha, but it is a subscription-based paid service.
Pros with opening account with Zerodha is their FLAT fee structure and simple and powerful trading platform.
Some of the cons include payment gateways charges of 9 rupees + GST, call, and trade will be an additional 50 rupees.
Features and Zerodha review 2020 final verdict
|Mobile App for Android and Apple||Yes|
|Technical analysis special software( paid)||Yes (Subscription Based )|
|Online Fund Transfer Facility||Yes|
|Intraday, Daily charts||Yes|
|Top Gainers/Losers display||Yes|
|Call and Trade||Yes(Additional 50 rupees)|
|AMC||300+GST per year(charged quarterly)|
|DP Charges||13.5 per debit instruction|
|3 in 1 trading account ( with bank account)||No|
|Trading account||300 rupees( for all segments)|
|Research Reports||Yes ( On Paid subscription basis)|
|Online hassle free account opening||Yes|
|Online Fund Transfer Charges||9 rupees+GST|
Overall if you are looking for a discount broker, which provides many subscriptions based services as per your need then you can choose Zerodha as your broking partner.
If you want to see comparison between IIFL securities and Zerodha, you can check this article.