Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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6.65% 7,884,365 Clients
Zerodha Account Opening Enquiry
Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
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 order. That means with Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
Zerodha Review 2024
Zerodha is the best stock broker at this time. They offer an excellent online trading platform, charge a low brokerage fee, and is regarded as the most transparent stock broker. Continuous improvement and innovation made them the fastest-growing fintech company in India. Here are the key strengths of Zerodha:
Zerodha is the most technologically advanced stock broker in India. It has built multiple trading software for its customers. These are: Zerodha Kite (web and mobile trading app), Coin (mutual fund investment platform), Varsity (investor education program), Trading Q&A and many other tools. Zerodha also offers Smallcase (thematic investment platform), Streak (algo & strategy platform), Sensibull (options trading platform), GoldenPi (bonds trading platform) and Ditto (insurance).
Zerodha is safe for investment because:
This is a limited time offer. Open an instant Zerodha account online and start trading today.
Zerodha account opening charges are Rs 0 for online account opening. Opening an account is free of charge for all people. The demat account AMC is Rs 300 per year.
| Transaction | Charges |
|---|---|
| Trading & Demat Account Opening | Rs 0 |
| Trading Account AMC | Rs 0 |
| Demat Account AMC | Rs 300 per year |
Zerodha follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.03% (whichever is lower) per executed order. It charges zero brokerage on equity delivery. The maximum brokerage chargeable per order is Rs 20.
| Trading Segment | Brokerage Charges |
|---|---|
| Equity Delivery | Rs 0 (Free) |
| Equity Intraday | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Equity Future | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Equity Options | Flat Rs 20 per executed order (on Turnover) |
| Currency Futures | Flat Rs 20 or 0.03% (whichever is lower) per executed order |
| Currency Options | Flat Rs 20 per executed order |
| Commodity | Flat Rs 20 per executed order |
| Mutual Fund | Rs 0 (Free Unlimited Direct MF) |
Zerodha charges Rs 0 (no brokerage) for equity delivery trades. For intraday trading, they charge flat Rs 20 per executed order or 0.03% (whichever is lower) on both sides.
| Charge Type | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | Rs 0 (No Brokerage) | Flat Rs 20 or 0.03% (whichever is lower) |
| Securities Transaction Tax (STT) | 0.1% on both Buy and Sell | 0.025% on the Sell Side |
| Transaction / Turnover Charges | NSE: 0.00297% | BSE: 0.00375% per trade (each side) | NSE: 0.00297% | BSE: 0.00375% per trade (each side) |
| Goods and Services Tax (GST) | 18% on (Brokerage + SEBI charges + Transaction Charge) | 18% on (Brokerage + SEBI charges + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.015% (Rs 1500 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Zerodha Futures brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower). Options charges are flat Rs 20 per executed order. You also have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
| Charge Type | Equity Futures | Equity Options |
|---|---|---|
| Brokerage | Flat Rs 20 or 0.03% (whichever is lower) | Flat Rs 20 |
| Securities Transaction Tax (STT) | 0.02% on the sell side |
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| Transaction / Turnover Charges | NSE: 0.00173% (each side) | BSE: 0 | NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) |
| Goods and Services Tax (GST) | 18% on (Brokerage + SEBI charges + Transaction Charge) | 18% on (Brokerage + SEBI charges + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Zerodha currency futures brokerage charge is flat Rs 20 per executed order or 0.03% (whichever is lower) and currency options charges are flat Rs 20 per executed order. In addition to brokerage, the customer has to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
| Charge Type | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | Flat Rs 20 or 0.03% (whichever is lower) | Flat Rs 20 per executed order |
| Securities Transaction Tax (STT) | No STT | No STT |
| Transaction / Turnover Charges | NSE: 0.00035% | BSE: 0.00045% | NSE: 0.0311% | BSE: 0.001% |
| Goods and Services Tax (GST) | 18% on (Brokerage + SEBI charges + Transaction Charge) | 18% on (Brokerage + SEBI charges + Transaction Charge) |
| SEBI Charges | 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.0001% (Rs 10 per crore) on buy-side | 0.0001% (Rs 10 per crore) on buy-side |
Zerodha commodity futures brokerage charge is flat Rs 20 or 0.03% (whichever is lower) per executed order. Commodity Options brokerage charge is flat Rs 20 per executed order. Along with this, customers have to pay taxes like STT, Transaction Fee, GST, SEBI charges, and Stamp Duty.
| Charge Type | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | Flat Rs 20 or 0.03% (whichever is lower) | Flat Rs 20 |
| Securities Transaction Tax (STT) | 0.01% on sell side (Non-Agri) | 0.05% on sell side |
| Transaction / Turnover Charges | Group A: Exchange txn charge: 0.0021% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001%, KAPAS - 0.0026% |
0.0418% |
| Goods and Services Tax (GST) | 18% on (Brokerage + SEBI charges + Transaction Charge) | 18% on (Brokerage + SEBI charges + Transaction Charge) |
| SEBI Charges | Agri: 0.00001% (Rs 1/Crore) | Non-agri: 0.0001% (Rs 10/Crore) | 0.0001% (Rs 10/Crore) |
| Stamp Charges | 0.002% (Rs 200 per crore) on buy-side | 0.003% (Rs 300 per crore) on buy-side |
Note: SEBI charges for Agri products is 0.00001% (Rs 1/Crore).
Zerodha brokerage hidden charges include call & trade charges, position squared-off by broker and SMS trade alerts as explained below:
Visit Zerodha Brokerage Charges Review for more detail.
For online trading with Zerodha, the investor has to open an account. Fill in an online account opening form to open an instant account and start trading the same day.
Steps to open Zerodha account online
A customer can trade with Zerodha in following ways:
Launched in November 2015, Zerodha Kite Web is a web-based HTML 5 lightweight & fast trading platform which can be used for trading on mobile, tablets as well as on a web browser. Kite is developed in-house by Zerodha and since its launch has undergone various updates. Currently, Kite 3.0 web platform is offered by Zerodha. It offers full market watch, extensive charting with over 100 indicators and 6 chart types, advanced order types like Cover order, GTT order, millisecond order placements, and much more for trading at BSE, NSE and MCX. Kite Web 3.0 is available for free to all its customers.
Read Zerodha Kite Review
A smartphone application for Android and iOS. This app allows customers to trade from their mobile phones. Kite Mobile app is available for free to all Zerodha customers for trading & monitoring stocks, currency, and commodity markets in India. With live streaming data from BSE, NSE and MCX, Kite Mobile App is the most advanced trading app available in India.
Console is the back-office platform of Zerodha. It's a trade and reporting dashboard wherein Zerodha customers can view and monitor all their investments- stocks, derivatives and mutual funds etc. They can also access various reports, get account statements, place withdrawal requests and download contract notes. The 'Console' also offers analytics tools such as tradebook and heatmap.
Sentinel is a cloud-based tool which allows Zerodha customers to set up price alerts on stocks, futures and options. The unique feature of Sentinel is that unlike other similar price alert tools that are machine dependent and only trigger when the computer is on, here price alerts can be triggered for any time, even when the computer is off. Notifications are sent on Kite and e-mail every time a price alert is triggered. With Sentinel, a trader can set real-time price alerts on 80,000 stocks, derivatives and bonds etc., across exchanges.
Zerodha Coin is a Mutual Fund investment platform by Zerodha. Coin allows people to invest in Direct Mutual Funds. This means you could do commission-free direct MF investment. It offers savings of over 1.5% on commissions every year. Mutual Funds are deposited in Demat account linked with Zerodha trading account.
Customers who are not online; can use Call & Trade function for placing orders. This will be at an additional cost of Rs 50 per trade.Partner Products From Zerodha
Zerodha not only gives its customers access to its proprietary trading platforms and tools but also to products developed by other companies using the Zerodha platform. The tools can be integrated with Zerodha's Kite platform. Trading platforms and tools offered by Zerodha partners are-
Visit Zerodha Trading Software Review for more detail.
Zerodha Account Opening Enquiry
Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
The following are the advantages of Zerodha. You must read Zerodha advantages and disadvantages before opening an account with Zerodha. Zerodha pros and cons help you find if it suits your investment needs.
The following are the cons of Zerodha. Check the list of Zerodha drawbacks.
Zerodha margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Zerodha F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Zerodha F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
| Overall Rating |  3.7/5 |
| Fees |  3.6/5 |
| Brokerage |  4.2/5 |
| Usability | 3.6/5 |
| Customer Service |  3.4/5 |
| Research Capabilities |  2.8/5 |
Based on 486 Votes by Zerodha Customers
Do you trade with Zerodha? Rate Zerodha
The number of Zerodha customer complaint received by the exchanges. The Zerodha consumer complaint report helps understanding the Zerodha quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| NSE | 2024-25 | 7,884,365 | 84 | 0% |
| NSE | 2023-24 | 7,392,836 | 567 | 0.01% |
| BSE | 2023-24 | 5,749,732 | 217 | 0% |
| NSE | 2022-23 | 6,392,902 | 446 | 0.01% |
| BSE | 2022-23 | 4,362,520 | 127 | 0% |
| NSE | 2021-22 | 6,277,434 | 543 | 0.01% |
| BSE | 2021-22 | 3,316,769 | 46 | 0% |
| NSE | 2020-21 | 3,602,074 | 868 | 0.02% |
| BSE | 2020-21 | 452,471 | 19 | 0% |
| NSE | 2019-20 | 1,414,376 | 432 | 0.03% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Zerodha Complaints at BSE, NSE and MCX for detail report.
Zerodha customer gets 3 pin numbers (passwords or pass codes) for different purposes:
Zerodha offers truly brokerage free equity delivery trading and Mutual Fund investment. But it charges flat Rs 20 or 0.03% (whichever is lower) per executed order brokerage fee for trading in Intraday and F&O across Equity, Currency and Commodity segments.
Though Zerodha offers commission free trading in equity delivery, the customer has to pay other charges including Government Taxes (STT, Exchange Turnover Charges, GST, SEBI Charges and Stamp Duty), Demat Transaction Charges (Rs 13.50 flat for every debit transaction) and Demat Account AMC (Rs 300 yearly).
Zerodha Brokerage Charges
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Segment |
Brokerage Charges |
|---|---|
|
Equity Delivery |
Rs 0 (Commission Free) |
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Equity Intraday |
Flat Rs 20 or 0.03% (whichever is lower) per executed order |
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Futures (Equity/Currency/Commodity) |
Flat Rs 20 or 0.03% (whichever is lower) per executed order |
|
Options (Equity/Currency/Commodity) |
Flat Rs 20 or 0.03% (whichever is lower) per executed order (on Turnover) |
|
Mutual Fund |
Rs 0 (Commission Free Investment) |
A Zerodha demat account is an online account to hold financial securities such as stocks, bonds, and mutual funds, in the electronic format. The demat account makes online trading possible with fast, secure and paperless transactions of shares. The Zerodha demat account is opened with CDSL, who holds the demat account. Zerodha service the demat account.
Zerodha is best in the following ways:
Zerodha offers brokerage free equity delivery trading and charges flat Rs 20 for intraday and F&O trades. Order placed through Call & Trade facility in all segments is charged at Rs 20 per executed order additionally.
| Segment | Brokerage |
|---|---|
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Equity Delivery |
Rs 0 (Free) |
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Equity Intraday |
Rs 20 per executed order |
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Equity Futures & Options |
Rs 20 per executed order |
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Currency Futures & Options |
Rs 20 per executed order |
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Commodity Futures & Options |
Rs 20 per executed order |
Zerodha offers an online paperless account opening to all the customers. An individual can open 2-in-1 account (trading + demat account). Follow the steps below to open Zerodha account:
Yes, Zerodha offers online IPO application services. If you are a Zerodha customer then you can apply for an IPO online from within Console and pay using any UPI 2.0 enabled app. Here are the steps to apply in an IPO online with Zerodha:
Yes, Zerodha offers commission-free direct Mutual Funds (MF) investment through its online platform called 'Zerodha Coin'. With direct MF, an investor can save over 1.5% on commissions every year. The mutual funds are credited into the customer's demat account. The Coin also permits SIP of Mutual Funds.
No, Zerodha doesn't offer margin trading (as per the SEBI law introduced in Jan 2020). The customer has to pay the full margin prescribed by the stock exchange.
No, Zerodha doesn't offer stock tips, recommendations, research and advisory. Zerodha is an online discount broker that offers only trading, demat account and mutual fund services. It does not offer other services like advisory, research and wealth management.
Zerodha uses 3rd party services for online instant fund transfer. It charges Rs 9 for any transaction through this payment gateway and pays most of it to the service provider.
The fund transfer is free when you use IMPS, NEFT/RTGS and Cheque transactions but the funds, in this case, are not available instantly for trading.
Zerodha Varsity is an investor education platform from Zerodha wherein customers can enhance their knowledge and skills on trading and investments. It has many modules or courses on different aspects of stock trading.
Read Zerodha Varsity Review for more detail.
The console is the back-office platform of Zerodha. It's a reporting dashboard wherein customers can view and monitor all their investments, access various reports, account statements, place withdrawal requests and download contract notes. Zerodha console uses the same user id and password as Kite, the trading platform.
The bank account linked to Zerodha Trading and Demat account can be modified by submitting an account modification request. This request has to be submitted offline (signed paper form). Zerodha doesn't offer online account modification i.e. changing the linked bank account facility.
Steps to change bank account in Zerodha:
* The accepted bank proof is any one of the documents like:
Note:
Zerodha Intraday Auto Square off timings
Segment |
Square-off Timing |
Equity Cash |
3:15 PM |
Equity Derivatives (F&O) |
3:25 PM |
Currency Derivatives |
4:45 PM |
Commodities |
25 minutes before close |
The auto square-off is triggered in the following scenarios:
Note:
Zerodha Order Types & Product Types Explained Zerodha Account Closure Online - Explained
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| Link|July 23, 2024 11:33:38 AM
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Flat ₹20 Per Trade in F&O
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Ratings:
Brokerage - Excellent
Account Maintenance Fees - Average
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent