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Zerodha reviews: Brokerage Charges & Demat Account

Author: S. Vishwa
by S. Vishwa
Posted: Jan 14, 2021

Review of Zerodha

Are you an investment enthusiast? Do you also love to trade in the stock market? If so, then you must have gone through a number of online platforms that are there to provide you with the trading services. Among the list of brokers you must have heard the name of Zerodha, the discount brokerage.

Most of the times synonym to the online trading, Zerodha is the largest discount broker in India with a strong customer base over 10 Lacs customers and known for lower brokerage charges. You only need to pay fix brokerage of Rs. 20 per trade irrespective of the trade volume. Zerodha, is amongst one of the newest members of the Indian equity and derivative trade economy, who have initiated in the art of incorporating technology with conventional financial services thereby giving a superb boost to the conventional equity and derivative-based trading business in India.

In this article we are going to give a comprehensive review of this discount broker, who have been active since the year 2010.

About Zerodha

Inaugurated in 2010, Zerodha is officially acknowledged as the first and most prominent discount broker of India. Zerodha was founded by Nithin Kamath who had already worked as a stock trader before starting broking house of his own.

Apart from giving rise to a competitive pricing model that made it the first of its kind, Zerodha is also conceded as an evangelist in technology for trading in India.

The broking house, Zerodha officially began its operations on 15th August 2010. The name of this company have been generated by mixing the English word ‘Zero and the Sanksrit ‘Rodha’ (Barrier), which suggests, Zerodha had the conception to break possible obstacles that various traders, investors and various other aspiring money-makers face in the economic scenario of the country.

Also, the company, Zerodha has been recognized for the ‘Retail brokerage of the year 2018’ award by none other than National Stock Exchange, ‘Retail broker of the year 2017’ award by Outlook Mone. Also ‘asung Entrepreneur of the year (Startup) 2017’ award by Ernst & Young is given to this prominent Indian broker house.

The Associate Program of Zerodha also enables the investors to refer more customers through their personal contacts. This has also stimulated its vogue and fame as a discount broking house in India.

Note: Get the unbiased Zerodha Review and check its trading app, Demat account opening charges, brokerage, margin, plans, features, investment option, ratings & review.

What are the customer ratings and review on Zerodha?

Customer Ratings

Experience

8.7 / 10

Products & Services

9.4 / 10

Brokerage Charges & Fees

9.5 / 10

Stock Research & Advisory

9.6 / 10

Trading Platforms

8.5 / 10

Overall Ratings

9.14 / 10

Star Ratings

  • p>
Total Client Reviews

5893

What are the Zerodha's brokerage charges and fees?

Brokerage Charge & Fees

Zerodha

Equity Delivery Trading

Free

Equity Intraday Trading

Rs.20 Per Order

Commodity Trading

Rs.20 Per Order

Equity Futures Trading

Rs.20 Per Order

Equity Options Trading

Rs.20 Per Order

Currency Futures Trading

Rs.20 Per Order

Currency Options Trading

Rs.20 Per Order

Minimum Brokerage

Zero

Demat AMC Charges

Rs.300 per Annum

Trading AMC Charges

Free

Margin Money

Zero

Brokerage Calculator

The trades based on Equity Delivery will have no brokerage charges for them. This is the rule that has been set out by the company Zeodha itself, since December 2015.

For Equity Intraday trades, the acceptable rates as mentioned earlier will be Rs. 20 per trade, whichever will be lower. For the equity options, the same rates will apply but in our case, the brokerage will dependent on the turnover as well.

The minimum brokerage will thus be Rs. 20 per trade. Another interesting thing about Zerodha is that, Zerodha also offers a live Brokerage calculator which will allow traders and investors to compute the rates of brokerage applicable to their investments as well as transactions.

The other charges of Zerodha

There are some other additional charges as well, which are applicable to both the investors and the customers of the zerodha. These charges are shown below.

Other Charges

Transaction Charges

0.00325% of Total Turnover

STT

0.0126% of Total Turnover

SEBI Turnover Charges

0.0002% of Total Turnover

Stamp Duty

Depends on State (very minimal)

GST

18% of (Brokerage + Transaction Charges)

What are the charges for opening the zerodha demat account?

Account Opening Fees

Depository Source

CDSL

Account Opening Charges

Rs.300

Demat AMC Charges

Rs.300 per Annum

Trading AMC Charges

Free

Margin Money

Zero

Offline to Online

No

One of the important reasons for Zerodha’s achievement lies in its open minded approach towards the allowance of people to become a member of the brokerage house throughout the country and thereby trade under the firm’s banner without any discriminations or partialities.

As a matter of fact, anyone from any part of the nation can easily become a registered trader with them anytime by simply making a deposit of Rs.300 by the Central Depository Services Limited or CSDL in terms of account opening charges.

For any client in the entire nation who expects to trade in commodity along with other segments, the broking house charges only Rs.200 as commodity account opening process.

In case if the registering party is applying for a Demat Account, then another amount of Rs.300 will have to be paid per annum similarly for the purpose of annual maintenance charges.

However, the great thing is that the brokerage house, Zerodha does not demand any annual maintenance charge when it comes to the Trading Account and there is also no statute for the registered users to maintain any minimum margin money.

What are the offers of Zerodha?

Offers

Free Demat Account

No

Free Trading Account

No

Discount on Brokerage

Yes

Trading Happy Hours

No

Flexible Brokerage Plans

No

1 Month Brokerage Free

No

Holiday Offers

No

Referral Offers

Yes

Zero Brokerage for Loss Making Trades

No

Final Words

As mentioned above, the word Zerodha is synonymous with the trading in India. One of the most old trading houses of India, Zerodha has never failed to entertain it’s customers and clients with the utmost quality services. Whether it comes to the products, offerings and customer care, zerodha has always set a benchmark for the other peers in the industry. The reliability of this discount broker has never been questioned due to his on-time replies to customers.

Zerodha is nothing but teuley a live vision of the future trading of India. They are climbing the ladders of success day by day and are ceaselessly developing to become even better and serve even further India.

Truly an incredible brokerage house!!

About the Author

S. Vishwa is web marketing analyst at Finology Ventures. With 5+ years of web marketing experience, joined a Fintech company to help people to learn and earn more.

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Author: S. Vishwa

S. Vishwa

Member since: Apr 08, 2020
Published articles: 9

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