Zerodha Review:
Zerodha is one of the most popular stock brokers founded in 2010 in India by Nithin Kamath. His aim was to make a high-tech trading platform with affordable pricing. Zerodha has over 1.5 million active retail clients, and 15% of India’s retail trading volume comes from the Zerodha platform.
Zerodha is taken into account as a safe broker because it’s regulated by India’s top-rated regulator, the Securities and Exchange Board of India (SEBI).
Pros and Cons of Zerodha
Zerodha has low fees, and it offers free delivery trading for Equity Segment. The online and mobile trading platforms are easy-to-use and well-designed. There’s a good range of high-quality research tools.
The account opening is slow and not digital. The merchandise portfolio covers only the Indian market. With Zerodha you’ll not have any investor protection.
| Pros | Cons |
| • Low fees | • Account opening process is slow |
| • Great trading platforms with easy access | • No protection for the investor |
| • Powerful research | • No protection for investor |
Zerodha Trading Fees:
Zerodha charges low trading fees, for equity delivery, it doesn’t charge any fees. You can also easily get information about their charges on the Zerodha website, supplemented by an easy-to-use fee calculator
In this section, you’ll find the foremost relevant fees of Zerodha for every asset class. For instance, in the case of stock investing, the foremost important fees are commissions.
To have a transparent overview of Zerodha, let’s have a look at the fees charged by Zerodha.
Zerodha Brokerage Review and Non-Brokerage Fees
Brokerage Fees
| Asset class | Brokerage fee per trade |
| Equity delivery | Free |
| Equity intraday Equity futures Currency futures/options Commodity options/futures | 0.01% of the traded value or 20₹, whichever is the lower |
| Equity options | INR 20 |
Non-brokerage Fees
| Segment | Securities/Commodities transaction tax | Transaction/Clearing charges | GST | SEBI charges |
| Equity delivery | 0.025% on sell | NSE: 0.00325% BSE: 0.003% | 18% of the brokerage and transaction charges | INR 10 / crore |
| Equity futures | 0.01% on sell | NSE: 0.0019% BSE: 0.003% | ||
| Equity options | 0.05% on sell | NSE: 0.05% BSE: 0.003% | ||
| Currency futures | No STT fee | NSE: 0.0009% BSE: 0.00022% | ||
| Currency options | No STT fee | NSE: 0.0007% BSE: 0.001% | ||
| Commodity options | 0.01% on sell | Ranges from0.0026% to 0.00005% | ||
| Commodity futures | 0.05% on sell | No fees |
Pros:
Low trading fees
Non-trading fees are low
Low stock and ETF fees
Cons:
Annual account fees are 300₹.
Zerodha has low non-trading fees. It charges no inactivity fee and withdrawal fee, but there’s an account fee.
The account fee is INR 300 + 18% tax per annum for Demat accounts and INR 1,000 + 18% tax per annum for corporate accounts. If you open a commodity account, you’ll be charged INR 100 + 18% tax per annum.
Account Opening at Zerodha
Opening an account at Zerodha could be better. As it is not digital and the process is also very slow. One of the advantages to open an account at Zerodha is you don’t need to deposit the minimum amount in your account.
Deposit and withdrawal: this process is very user-friendly. For safety purposes, you can only transfer and withdraw capital from your bank account only.
Pros
• Free withdrawal
• No deposit fee
• User-friendly and easy to transfer funds through UPI.
Cons:
• Only one account base currency allowed
• Credit/Debit card not available
Zerodha doesn’t charge any charges to withdraw or deposit. You can transfer money through a bank account or with net banking or from E-wallets. But you can withdraw funds only through bank transfer.
Web Trading Platform
Zerodha’s web trading platform features a simplistic design, and it is very user-friendly so, anyone can use it easily. However, it’s limited customizability and there’s no two-step login available.
Pros:
• User-friendly
• Good search function
• Clear report
Cons:
• Limited customization (for charts, workspace)
• No two-step (safer) login
Zerodha Review About Login and Security
Zerodha doesn’t provide a two-step login. Having this can enhance Kite’s safety. When you log in; you would like to supply your username, your password, and a 6-digit numerical code.
Zerodha Review About Mobile Trading Platform
Zerodha offers two mobile trading platforms that are coins and kites. On Kite, you’ll trade with assets apart from mutual funds. If you’d wish to trade with mutual funds, you’ve got to use Coin. During this review, we tested the Kite mobile trading platform.
Kite and Coin are both available for Android and iOS.
Pros
• User-friendly
• Good variety of order types
• Price alert
Cons
• No two-step for safe login
Zerodha Review About Markets and Products
At Zerodha, you can trade with a number of asset classes. However, it generally offers a lower number of products for each class than its competitors. It allows trading in the asset classes like stock, ETF, Forex, Fund, Bond, Options, and Futures.
Research
On the Zerodha Trading Platform, you will get both Fundamental analysis and technical analysis-based trading ideas.
Trading Idea:
You can also find trading ideas through an app named Streak. These ideas are supported by technical indicators also, but a bit like the stock reports, using Streak also features a monthly fee.
News Feed:
Through Zerodha’s app, Pulse, you’ll get the newest news on financial markets, stocks, funds, and banks. It’s updated every hour, and it’s well-organized with tables and global indicators.
Zerodha Review About Customer Service
You can contact customer care through e-mail and telephone, and they will offer you fast and relevant answers. However, there’s no live chat support or 24/7 availability
You can contact Zerodha via Telephone and email
Through the phone, we got fast and relevant answers in most cases. We only had one negative experience, where regarding the account opening, we didn’t get a transparent and accurate answer to what documents and in what form we should always mail to Zerodha.
The e-mail support works well. We got answers within 1-2 business days and they were helpful.
We missed the live chat and 24/7 availability. Customer support is out there from 9 AM to five PM from Monday to Saturday.
Zerodha Review About Education and Safety
Zerodha provides learning programs through general educational videos, webinars, educational articles, and platform tutorial videos.
As we know that Zerodha is the fastest-growing discount broker regulated by the SEBI. But the major negative point is that it doesn’t provide investor protection, no negative balance protection, and does not half a banking license.
Conclusion:
Zerodha has very low fees. Furthermore, the online and mobile trading platforms are great, and they provide a good range of research tools.
There are some drawbacks though. The account opening process is slow, and not entirely online. You’ll only access Indian markets, and lastly, there’s no investor protection.
As there are low fees, no inactivity fee charged, and if you’re curious about Indian Markets, be happy to undertake Zerodha.
By, Trading Fuel || Research Team
