Zerodha Customer Reviews, Complaints and Feedback (Page 29)

As far as their Trading account with Zerodha is concerned , no doubt, It is good. But, I feel services and charges of their DP IL& FS is not good. :-(. I request Zerodha to start DP Services also.They change History of Indian Stock Markets.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average

Above Average. Zerodha does not offer DP Services and Dem-at has to be opened with IL&FS. DP Charges of IL&FS are high and services are poor. SO,Finally the deal turns out to be expensive :-)

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average

I am trading with icici direct.com.Seeing ZERODHA cheap brokerage i want to open an account with zerodha.

Hi,
Impressed with the Q & A's of the session. Pls clarify the difference between the Trading a/c and Demat a/c. If i want to invest in SIP's what is the process to avail this.

i jost oprnd a account & i am loving it.
i use to pay 500 to 1000rs brokerage to sharekhan but now ia mhappy trading in nifty options without worry about brokerage

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

I have asked for few clarification before opening my account with them and I am happy that my mails are responded promptly.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average

Hey Hariboy,

Thanks firstly for the comment...

As far as BSE goes, we have already done our documentation... Ideally should be up by feb, but can take a little longer as well....

Trading terminal, Along with NOW we would be offering you all a very good trading platform on which you can trade all exchanges and segments with collocated servers to give you all the best speed and reliability...

Feature wise, hopefully you are all in for a surprise... ;)

Brokerage structure will remain the same...

Brokerage 0.01%/0.1% or Rs 20 per executed order whichever is lower... Stamp duty 0.01% with a maximum of Rs 50 per contract note... We don't have a concept of fixed or variable brokerage... It is one simple charge...

http://zerodha.com/main/calculator/calcs.html Visit our calculator, put in the prices and you will know your exact contract note charges...

Cheers...

Hey Hari, If you are planning to do f&o trading.. you don't need a demat account as such... Just a trading account would do..

If it is equity and f&o trading that you intend to do, yes you can open a demat and trading with us... There is no need to close your integrated account as you can have multiple demat accounts.... Give us a buzz and we will explain you how it works....

Hi Sachin!

I don't think there is a share broker in the world with such unanimous positive reception, so keep up the good work. I have a few questions of mine:

---BSE Qs---

-Can please give us a date (range) when BSE trading will start?

-When BSE starts through Zerodha, will there be a different brokerage structure?

-For NSE listed securities, people use the NOW platform. How will the BSE listed securities will be traded?

-If there is a new platform for BSE, will it have features similar to NOW such as fast execution of orders along with real time monitoring?

---Brokerage Qs---
-So you charge max of Rs 20 as brokerage (variable), max of Rs 50 as stamp duty per day (fixed), etc. Can you please tell us about the maximum total brokerage & fees (all kinds) on a transaction? I would appreciate it if you gave me the figures separately for variable and fixed brokerage.

Thanks for your help Zerodha!

Iam really imprssed with the brokerage charges they are offering. I have applied to open an account with Zerodha. Looking forward to see good service.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent

I wish to open account with Zerodha for on line trading, but I have demat account with Integrated Enterpsies India limited.

Can you please suggest the way I can trade through Zerodha?

Do I have to cancel demat account in Itegrated Enterprise India and open the same in Zerodha or is it possible for me to just open another demat account in Zerodha.

Regards,

Hariboy

Stamp duty charges would be 0.01% on the contract turnover but with a maximum of Rs 50 per day... This applies to all kind of trading, equity, f&o and commodities...

Cheers..

Yes you can link your hdfc demat...

we dont' have any concept of minimum charges... even if you trade penny stocks, you would pay 0.01% or Rs 20 whichever is lower...

BSE should be up in a couple of months...

Hi Sachin ,

Could you please elobrate what are the stamp duty charges.
Is it 0.01% of the total turnover or some thing else-
And is it same for Intradau and delivery.

What if I purchase a 0.10 paisa stock, would the brokrage be still the same 0.01% or 20 which ever is low. Should be my last question hopefully...

Thank you very much Sachin for your info,
I would apply now for the account and I will give comments after few trading sessions.
By the way is BSE trading allowed now.

Best regards,
Sridhar.

We are more like a NGO.. ;)

We multiply your stock price and quantity... We then apply 0.01% or Rs 20, rule... So in your example, you would have paid Rs 1.8 as brokerage to buy and Rs 1.81 to Sell.. Together 3.61 ..

Also, we don't have any minimum brokerage per day clause.. So if this was the only trade you did during the day, your contract note would show only Rs 3.61... A lot of brokers charge you a minimum brokerage per day of Rs 25 to Rs 50

Hi Sachin,

Thank you very much for your info -

I have one more last query
What is the least brokerage for a low value share.
For example say if a share price is rs 18.
I bought 1000 qnt @ 18 and sold 1000 @ 18.1
Now what will be the brokerage for the above trade (Intraday).
I am asking this since in my geojit trading account
For Intraday brokerage is 0.03% .
So 0.03% of 18 is 0.0054 rs but he would round off to 0.01 rs since it is the minimum brokearge for any share.
So total brokerage in his case is - 1000*0.01 + 1000*0.01 = 20 rs ( for buy and sell)
They calculate the brokerage as follows -

Brokarge for each share ( 18 * 0.03 % =0.0054 = 0.01 (min) ) * no of shares

But not on the total turn over.
But actually the brokerage should be -
Turn over = 1000* 18 = 18000 = 5.4 rs ( buy - 0.03% brokerage)
1000*18.1 = 18100 = 5.43 rs (sell - 0.03% brokerage)

Total brokerage should be rs 5.4 + 5.43 = 10.83 but it is 20 rs ( Ignoring stt and other xtra charges)

PLease confirm if the brokerage for the above trade for your side would be -

Turn over = 1000* 18 = 18000 = 1.8 rs ( buy - 0.01% brokerage)
1000*18.1 = 18100 = 1.81 rs ( sell - 0.01 % brokerage)

SO total brokerage on your side should be rs 1.8 + rs 1.81 = 3.61 rs (Ignoring stt and other xtra charges)

Best regards,
Sridhar

Ram,

1. Yes you can link your geojit demat with our trading account... The only issue with this would be, when you buy shares we will send it to your geojit demat account, but when you sell the shares you will have to do it with geojit itself... We will have no right to debit your geojit demat account...

2. 0.01% or Rs 20per executed order for intraday and 0.1% or Rs 20 per executed order for delivery , whichever is lower... when you sell from your demat account there would be applicable dp charges which is again a flat charge of Rs 20..

3. 080-40402020 ... Customer service number, but is not tollfree...

2. For intraday 0.01% or Rs 20 whichever is lower... For delivery : 0.1% or Rs 20 per executed order whichever is lower... when you take delivery to your demat and sell it there would be dp charges applicable which would be flat Rs 20 again...

3. You can reach us on 080-40402020

Hi,
I have few queries -
1)I have a demat account with geojit,can I use the same demat accont of geojit and trade with Zerodha.
2)I need small clarification regarding brokerage I unnderstood that the brokerage fees is Rs 20 per trade or 0.01 % which ever is lower.
Is this valid for both Intraday and Delivery or do you have other brokerage fees for delivery trading.
3) Is Tollfree custumer service is available.