Zerodha (4.2)

Discount Broker Depository: CDSL

Zerodha, an Indian financial services firm (member of NSE, BSE and MCX), offers brokerage-free equity investment, retail, institutional broking and currencies trading. The company was founded in 2010 and is located in Bangalore. It also has an office in nine Indian cities. Flat Rs20 brokerage for F&O trading and Rs0 for investments. Zerodha, India's leading discount brokerage, offers online trading in stocks, commodities, bonds and mutual funds. It is also an NSE member, the largest stock broker in India. Over 15% of India's retail orders are made by Zerodha clients who trade and invest in Zerodha. Zerodha's flagship trading platform Kite Web is now available as an Android application! Simple and intuitive user interface, super-fast and light back-end to meet all your trading and investment needs.

Zerodha Products

This broker will show you the segments that you can invest in (equity, commodity, currency, futures and options).
  • Equity
  • Commodity
  • Currency
  • Futures
  • Options

Zerodha Trading Softwares

Zerodha provides a variety of trading software and tools for its customers. It also partners with other companies to offer 3rd-party platforms to its customers. Zerodha offers a variety of platforms and tools, including:
  • Zerodha Kite Web
  • Zerodha Kite Mobile Application
  • Zerodha Coin Mutual Fund
  • Zerodha Varsity Mobile
  • Zerodha Sentinel

Zerodha Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

Zerodha Other Investment Options

Through Bhim UPI, you can invest in bonds, mutual funds and IPOs. Direct mutual fund investment and equity delivery are both free.
  • Mutual Funds
  • IPO Platforms
  • Bonds & Debt
  • Exchange Traded Funds
  • Insurance

Zerodha Additional Features

  • 3 in 1 Account
  • Free Recommendations
  • Free Research Reports
  • SMS Alerts
  • Margin Funding
  • Margin Against Share

Zerodha Pros

  1. Zerodha is a self clearing broker, which means they don't collect clearing fees from customers.
  2. They offer only Direct Plans for Mutual Fund Investments.
  3. Golden Pi can also invest in bonds and G-securities
  4. Offers financial education and stock market lessons for all.
  5. Largest Indian Broker with 60 Lakhs Clients.
  6. Zero Brokerage in Devlivery. Good for Investors.
  7. Simple to understand trading platform
  8. 100% Online Account Opening

Zerodha Cons

  1. Zerodha's call and trade charges are higher than other brokers.
  2. NRI Account Opening can only be done offline.
  3. Each investment instrument has its own platform. There is Kite for shares, Coin to manage mutual funds, and Golden Pi for bonds.
  4. Customer support responses can take up to three weeks.
  5. Software glitches can occur due to the large customer base.

Our Conclusion

Zerodha offers zero brokerage on equity delivery. Being a pioneer discount broker, it enjoys the highest active client base. It also provides a user-friendly interface, integrated back office (Console), and  an education platform (Varsity) for beginners. Also, no installable software provided for trading. These features make it more investor-friendly.

If you are an Investor, the broker provides you with
  • Free educational content on the Stock Market and investing.

  • Free equity deliveries.

  • Real-time market alerts for free.

  • GTT (Good Till Triggered) order that enables an investor to place a buy/sell order that gets executed at the desired price for the desired quantity and that too with a validity of one year.

If you are a Trader, the broker provides you with
  • An ultrafast & user-friendly trading platform with advanced charting tools.

  • Access to 20 market-depth views for building trading strategies.

  • Extensive historical data & chart indicators for better decision making.

Compare Zerodha with Best Brokers in India