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Zerodha reviews , zerodha brokerage plan and zerodha charges

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:

            Demat Services          Charges
Depository SourceCDSL
Account Opening ChargesRs.300 for equities and 500 rupees for equities and commodities
Demat AMC ChargesRs.300 per year
Trading AMC ChargesFree
Margin MoneyZero
Offline to OnlineNo

BROKERAGE CHARGES:

                   Brokerage          Charges
Equity Delivery TradingZero
Equity Intraday TradingRs.20 or 0.01% per tradeWhichever is lower
Commodity Options TradingRs.20 or 0.01% per tradeWhichever is lower
Equity Futures Trading Rs.20 or 0.01% per tradeWhichever is lower
Equity Options TradingRs.20 or 0.01% per tradeWhichever is lower
Currency Futures TradingRs.20 or 0.01% per tradeWhichever is lower
Currency Options TradingRs.20 or 0.01% per tradeWhichever is lower
Minimum BrokerageZero

OTHER CHARGES:

           Other Charges                             Zerodha
Transaction Charges0.00325% of Total Turnover
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

TRADING PLATFORMS:

Trading PlatformsFeatures
Zerodha kite1. 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 pi1. High-speed order execution.
2. Varied features around fundamental and technical analysis.
including charting with 70+ technical indicators.
zerodha kite mobile1. 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:

               Advantages             Disadvantages
Very Low BrokerageAverage Customer Service
Customer Education InitiativesMobile App can be improved
High Performance Terminal Software

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