Zerodha is a discount brokerage which is based in bangalore, India for trading in stock, commodity and currency derivatives. It charges 20 rupees or 0.01% per trade, which ever is lower except equity delivery. For any transaction maximum brokerage you pay is 20 rupees for an order. It doesn’t have minimum brokerage.
In 2010, zerodha is at first position compared to else discount brokers by volume, number of customers and growth. At present, zerodha has 7+ lakhs clients. It contributes to over 8% of daily retail trading volumes across NSE,BSE and MCX. It has around 1000 employees in bangalore office.
Zerodha offers trading services to buy and sell stocks, features and options in equity, currency and commodity segments. Zerodha has its own trading application named “KITE” and backoffice software named “Q”. All trading software applications including trading terminal, website and mobile trading are available for free of charge to its customers.
It is very simple and easy to understand zerodha’s brokerage structure. Customers who moved to zerodha gained 80% to 90% of savings in brokerage compared all other full services brokers. It is one of most advanced and cheapest stock broker in India for all kind of investors like people who trade just a few times in a month to people who does 100’s of trade per day. It has an educational initiatives like varsity, trading Q&A and open trade.
ACCOUNT OPENING CHARGES:
|Account Opening Charges||Rs.300 for equities and 500 rupees for equities and commodities|
|Demat AMC Charges||Rs.300 per year|
|Trading AMC Charges||Free|
|Offline to Online||No|
|Equity Delivery Trading||Zero|
|Equity Intraday Trading||Rs.20 or 0.01% per tradeWhichever is lower|
|Commodity Options Trading||Rs.20 or 0.01% per tradeWhichever is lower|
|Equity Futures Trading||Rs.20 or 0.01% per tradeWhichever is lower|
|Equity Options Trading||Rs.20 or 0.01% per tradeWhichever is lower|
|Currency Futures Trading||Rs.20 or 0.01% per tradeWhichever is lower|
|Currency Options Trading||Rs.20 or 0.01% per tradeWhichever is lower|
|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)|
|Zerodha kite||1. Works at a bandwidth consumption of fewer than 0.5 Kbps for a full market watch.|
2. Provides extensive charting with over 100 indicators and 6 chart types.
3. Advanced order types like Brackets and cover.
4. Millisecond order placements.
|zerodha pi||1. High-speed order execution.|
2. Varied features around fundamental and technical analysis.
including charting with 70+ technical indicators.
|zerodha kite mobile||1. One-tap universal instrument search for all contracts across all|
exchanges — NSE, BSE, MCX.
2. Live streaming data.
3. Multiple market watch and live market depths.
4. Advanced chart with 100+ indicators.
5. Years worth of free historical chart data.
6. Trade Equities, F&O, Commodities, Currency.
7. Various order types: Regular, AMO, BO (Zerodha Bracket order),
CO (Cover orders).
PRO’S & CON’S:
|Very Low Brokerage||Average Customer Service|
|Customer Education Initiatives||Mobile App can be improved|
|High Performance Terminal Software|