Zerodha Complaints

Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde...

Complaint against Zerodha Broker

Zerodha brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Zerodha customers. The Zerodha complaints report analyzes the Zerodha online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Zerodha broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Zerodha complaint no. report also provides Zerodha’s number of active clients. This shows the growth of the broker year on year.

Zerodha Complaints

Zerodha complaint at NSE

Zerodha complaint at BSE

Note:

• * Including against its sub brokers, authorised persons, employees, etc.
• ** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

1. 1. Is Zerodha good for intraday trading?

   Yes, Zerodha is good for intraday trading on 2 counts. First, the brokerage rates are low which allows you to reach break-even fast. Second, the trading software is advanced which makes for fast trading.

    

    Open Instant Account (Start Trading Today)

    

   Discuss this question

    

2. 2. What are the charges for Kite online trading software?

   There are no charges for Kite trading software. It is available for free to its customers.

   Zerodha account opening is free and a Demat AMC of Rs 300 per year. Once the account gets opened, you can start trading through Zerodha Kite by paying applicable brokerage charges and other fees and taxes.

   Zerodha also charges a monthly fee for using its API.

    

    Open Instant Account (Start Trading Today)

    

   Discuss this question

    

3. 3. Is Zerodha good for beginners?

   Zerodha is an online stock broker designed for people who can trade by themselves with no help from the broker. This makes it difficult for beginners who require hand-holding in initial days. Reaching out to Zerodha customer services could be a challenging task.

   Zerodha also doesn't offer relationship managers, research & advisory services. Beginners need assistance in picking stocks as well as for placing buy/sell orders where an RM can be valuable.

   Zerodha has online education apps, discussion forums and support portal. This helps beginners in learning the stock market as well as the trading tools.

    

    Open Instant Account (Start Trading Today)

    

   Discuss this question

    

4. 4. Is Zerodha safe?

   Incorporated on 15 August 2010, Zerodha is among the most trusted stockbrokers in India for many reasons, including open and transparent business practices, clear founders' vision, no major violations reported so far, continued investment in technology and zero debt company from day 1.

   Zerodha is a genuine and trusted stockbroker. Zerodha Kite provides data safety, and the app doesn't share user data with other companies or organisations.

   Reasons why it is safe to trade with Zerodha are listed below:

   1. Zerodha has a transparent revenue model.
   2. Zerodha offers free equity investments and charges a fee of ₹20 per trade or 0.03% of the transaction value (whichever is lower) for intraday and F&O trades.
   3. Zerodha provides various trading platforms, such as:
      • Kite App- The flagship trading and investment platform of Zerodha. It is used by more than 50 lakh traders and investors who place more than 2 crore orders every day. Zerodha Kite offers data security and the app doesn't share user data with any other company or organisation.
      • Kite Web Platform- Kite Web Platform is the browser-based version of Zerodha Kite, allowing users to trade and invest directly from their web browsers.
      • Console- Console provided by Zerodha, is an online back-office platform that grants clients access to various account-related information, reports, statements, and analytics. It is a comprehensive tool for managing and monitoring trading and investment activities effectively.
   4. Zerodha's uniform risk management policy doesn't grant any customers special privileges.
   5. Zero debt and zero external borrowings.
   6. The company is not at risk of credit, as less than 5% of its capital is on loan.
   7. Zerodha has been the only broker offering cryptographic TOTP 2FA support for a while
   8. The clients-to-complaints ratio is the lowest in the industry.
   9. The entire business is regularly audited by NSE, BSE, NSDL, CSDL and SEBI.
   10. Zerodha's Nudges are real-time alerts on Kite that warn the user of risks associated with the trade before execution. These warnings are displayed in the order window.

   Read more at Is Zerodha Safe?

    

    Open Instant Account (Start Trading Today)

    

   Discuss this question