No doubt Zerodha is an incomparable and the best discount stock broker in India with more than 66 lakh active clients, the highest in India.
There are many reasons to open an account and trade with Zerodha.
Its mobile and desktop trading platform Kite is the best and super easy to use. Once you are habitual to its trading platform, definitely you will not like any other platforms.
Online Demat & Trading Account opening charge is only Rs 200 and Rs 400 for the offline account opening process.
The annual Maintenance Charge is ₹300 for equity and it’s value for money for the service and platform they provide.
Zerodha Brokerage
- All Delivery of stocks with Zero (₹0) brokerage
- Mutual funds and IPO investment with Zero Brokerage
- Flat 20 Rs for all other trades that are future, options, currency, and commodity trades.
- There is no upfront fee or turnover commitment.
- There are also not any special charges for Penny stocks trading or minimum contract charges.
- All other government charges are applicable such as Security Transaction Tax (STT), GST on brokerage, Stamp Duty, SEBI charges, etc, and are the same as other brokers.
- Zerodha provides Brokerage Calculator to calculate all charges.
Zerodha’s helpful Features and Apps
In addition to its trading platform Zerodha also provide many tools and apps that will be helpful to you in investment and trading.
Kite: Kite is Zerodha’s unbeatable trading platform available as Kite 3.0 web-based platform and Kite mobile trading app. You will definitely love this trading platform.
Smallcase: It is a platform where you can invest in many thematic stocks portfolio available readymade or you also create a bunch of stocks by yourself.
Streak: It is helpful to create algorithms without coding and is a cloud-based platform.
Sensibull: If you are interested in options trading, it provides many trading strategies.
GoldenPi: If you are interested in investing in bonds and debentures, it is the best platform with a minimum ₹10000 investment amount.
Zerodha Console: The console is one stop account dashboard for reporting of all your stocks, derivatives, and mutual funds. You can download all statements necessary for tax purposes and also place a withdrawal request from here.
Sentinel: It is a cloud-based price alert software tool where you can set a price alert for stocks, options, and futures even your computer is off.
Coin: Zerodha’s Coin is a brokerage-free platform where you can invest in thousands of direct mutual funds.
Call and Trade: You can directly call the Zerodha service center and trade by call with an extra charge.
Zerodha Advantages
- Zerodha is the largest and favorite discount stock broker by active customers and daily trading volume.
- Its Kite is the best trading platform and is easy to use even by beginners.
- Brokerage free equity delivery, mutual funds, and applying for any IPOs.
- Cheap and simple brokerage model with a charge of 0.03% or 20 per executed trade whichever is lower. So maximum brokerage paid by clients is ₹20 per executed order in intraday, futures, options, commodity, and currency trading.
- Zerodha doesn’t charge any clearing charges as it is a self-clearing broker.
- You can also place a GTT order with stop loss and target which is valid for a year.
- You can also apply for SME IPOs.
- It also offers referral incentives of 10% of brokerage fees through its Referral Program and 300 points which can be used for subscribing to its various apps and services.
Zerodha Disadvantages
- It is a discount stock broker so it doesn’t provide any stock tips, or stock recommendations and research. But it provides important knowledge through its Varsity and Q&A platform.
- It charges Anual Maintenance Charge (AMC) but it is value for money.
- If you don’t square off open MIS, BO, or CO orders by yourself, an extra charge of ₹50 will be charged. ₹50 is also charged for Call & Trade orders.
Zerodha Charges
| Trading & Demat Account Opening | ₹200 |
| Trading Account AMC | ₹0 |
| Demat Account AMC | ₹300/year |
| Equity Delivery | ₹0 (Free) |
| Equity Intraday | ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Future | ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹20 per executed order |
| Currency Futures | ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity | ₹20 or 0.03% (whichever is lower) per executed order |
| Direct Mutual Fund | ₹0 (Free) |
| IPO apply | ₹0 (Free) |
| Securities Transaction Tax (STT), Transaction or Turnover Charges, Goods and Services Tax (GST), SEBI charges, Stamp charges, etc | Applicable as per SEBI/government rules. |
Missing the best trading platform and broker if you don’t have an account with Zerodha yet.
