Zerodha is an Indian financial services broker (member of NSE, BSE, MCX, and MCX-SX) that provides brokerage-free equity investments, retail and institutional dealer, and currencies and commodities trading. In 2010, It is noticeable for its discount pricing version and revolutionary approach. It is headquartered in Bangalore and has the physical presence in all important Indian cities like Hyderabad, Pune, Ahmadabad, Chennai, Vijayawada, Hubli, Salem, Coimbatore, Kanyakumari, and Kochi etc. It is also a reputable member of NSE’s consultative committee for developing the enterprise. As of January 2017, it has contributed as much as 5% of retail trading volumes on Indian stock exchanges, enhancing each day buying and selling turnovers crossing approx $2 billion.
Demat Account Opening: If you also want to open a Demat account with then, you can do that. There’s a Demat account opening charge of Rs.200. In case you are a dealer (F&O), you don’t need a Demat account however in case you plan to do transport primarily based trading you’ll need a Demat account. You need a Demat Account only to trade in delivery based equity trading. The shares will be displayed in your Demat Account on T+2 day. If you are trading in F & O whether you’re an Intraday trader or a positional trader, you don’t need trading account. AMC is Rs 300.
Trading+ Demat Account – So if you want to open the Demat + Trading account, the charges for this is Rs. 300. If you want to open commodity account additionally, the fee for that is an additional Rs. 200. Zerodha offers online trading account to trade in stocks, derivatives, indices and currencies on NSE and BSE. Trading can be done through web based platform or a mobile app and Call & Trade option. All settlements on a Trading Account takes place on T+1 day. There is no Annual Maintenance charges (AMC) for Trading Account.
Commodity Account Opening: The charges for opening commodity account are an additional Rs. 200. There are no Annual Maintenance charges for Commodity Account opened in Zerodha. There is no need of a Demat Account for trading Commodities. Account opening charges for commodity trading is Rs 300. Commodity Options is still commenced in India.
|Equity Delivery||0.10% of turnover or Rs. 20 per trade whichever is lower|
|Equity Intraday||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Equity Future||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Equity Options||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Currency Futures||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Currency Options||0.01% of turnover or Rs. 20 per trade whichever is lower|
|Commodity||0.01% of turnover or Rs. 20 per trade whichever is lower|
At most brokerage fees can be only Rs.20 per trade
STT (Security Transaction Tax): This is charged simplest on the sell side for intraday and F&O trades. It’s far charged on both aspects for delivery trades in equity.
Stamp Duty for every state in India: Charged at .01% or Rs. 50 per contract but however will depend on which state you are from.
Transaction fee: In very small and is within the range of .00325% for delivery based totally, .0021% for futures and .053% for options.
Service tax: That is charged at 14% of the whole fee of brokerage plus transaction prices. So this could vary as the transaction fee varies based on the price of change.
SEBI expenses: that is charged at Rs 20 per crore.
Zerodha has a consumer base of more than 200,000 customers and handles common each day turnovers of around 10,000 – 12000 crores in equities and Rs. 1000 crores in commodities. The corporation offers commodities trading thru its fully owned subsidiary, Zerodha Commodities Private Limited. It has gained the “Economics time’s startup awards 2016” in the “bootstrap champ” class. Nithin Kamath, the founder and CEO, gained the 2013 confederation of Indian industry rising entrepreneur award for pioneering the discount broker version in India. The corporation additionally gained the BSE-D&B “rising fairness broking house award” in 2014 and 2015 respectively. It is the best online source of free online trading in India.
As we know, Zerodha has established itself as a popular stock broker in terms of brokerage rates, trading guidance to its clients or trading platform etc, but there are few issues related to it, which limit its horizon. For example: No monthly plans that are profitable for heavy traders, No 3-in-1 trading account option is available, No exposure value against shares. Being a discount broker, it has gained its pace from the very beginning. It has a team of highly professional people, who work day and night to take it to the top level by enhancing promotions through social media etc. But later on, its clients face many challenges. Today many people are praising it for its technical platform. But, according to a recent survey, we have found that, Although Zerodha is fine in terms of brokerage still its clients are facing some problems. This is akin to its payin request, if you make payout request today, then forget that u will get that on next day only. Zerodha’s site displays 3-4 hours delay but its not like that. It delays even for a day or two. Similarly in terms of margin, it was found that, they are giving nearly 5 times intraday leverage on all NSE stocks and in FNO stocks segment they provide 10 times. Clients have enjoyed such margin but suddenly they found that it has started to ask for full margin in Z stocks. When Zerodha customer support was contacted for the advantage being served earlier for the same script leverage, the fact was denied from their side. After posting the issue on Zerodha thread, some of the clients got the answer about stopping the same facility as clients were misusing it. This type of sudden notification waste so much time in the process of trade pursued by some novice traders. It throws negative effect on their side.
By using various programs, you can pave your way to trading.
What are the functionalities availabl in Pi Bridge ?
Pi bridge will be useful only to those who have the idea of programming. It will be more effective for those who have programming background. You can resolve your query related to the bridge via Tradelab.
Zerodha has forged ahead a new web based flexible, integrated HTML 5 trading platform, named as KITE. With Zerodha Kite, you can accelerate trading on mobiles,tablets and web browsers. Zerodha Kite is aimed at placing order in no time. It is available in 10 languages. These features makes it quite noticeable among some of the leading tools offered by Zerodha.
Some of the key features of Zerodha KITE are given below:
Earlier, offline trading was carried out in India, where trader had to go to broker’s place and exchange required documents manually. This process was quite time taking and not that much profitable. After that, when the technology was uprised, trend of online trading came in to existence. It is a fast way of trading and preferred by numerous traders. With the latest trading platforms introduced by such stock broking houses, intraday trading became popular and moved few steps ahead of delivery trading.
While selecting any stock broker, consider the commissions and other pricing that broking firm charges. Akin to this fact, In case of eminent broker like Zerodha, you should first understand the services offered and how true they are. Various brokerage houses have at least two plans. One is basically for intra-day traders and the other for long-term investors. Zerodha is also called as budget broker.
3 in 1 accounts are available with a savings account. In such an instance, some banks do have rules and regulations about certain maintenance balance.
Most of the full-service brokerage firms like Zerodha, also cater research services. This allows investors to go through the analysts’ reports on sectors and companies of interest or have a look at data on companies. Just find out in case you need such services, as these might help you take good choices on buying and selling the shares and mutual funds.
Rating as per following traits:
|Brokerage||Trading Software||Mobile App||Leverage||Safety of funds||Customer Support||Overall rating points||Overall rank|
Compare Zerodha with some other eminent stock brokers in India
NEST, KITE, PI
No; Zerodha doesn’t provide all time support services.
No; Zerodha doesn’t provide this type of customer support.
No; Zerodha doesn’t provide the same.
Yes, with the 3G connection, dashboard and all worked well.
No it doesn’t work properly when market is volatile, and after that when customer support team is contacted, they don’t pick up the phone, making it a bad experience.
There is no brokerage charge associated with Zerodha’s equity delivery trading.
Rs 20 per trader
Yes, currency derivative segment is available.
The trading terminal provided by Zerodha requires nearly 512 Kbps internet connection for fine performance.
No, Zerodha doesn’t charge any amount, if fund transfer fails due to some reason.