Zerodha Review: Zerodha is the largest stock broker in India, with more than 1 crore customers. Here is the data:
The data never lies.
There is no doubt Zerodha is a great choice for anyone looking to invest in the Indian markets, as it offers a wide range of benefits. In this Zerodha review for 2023, we will take an in-depth look at all the services, Zerodha charges, and customer support to help traders decide whether Zerodha is the right choice for them or not. Also, we will talk about its alternatives.
Zerodha Review 2023: Overview
Zerodha is a leading discount broker in India with 1+ Crore customers, and offering a range of trading and investment services to retail and institutional traders & investors. The broker firm allows traders to trade in equities, currency, commodities, and derivatives. It also charges zero brokerage commission on the delivery of equity and direct mutual fund investment. Zerodha also provides investors to invest in equities, bonds, mutual funds, and IPOs.
Zerodha platform was founded in the year of 2010 by Mr. Nitin Kamat, with the purpose to overcome all obstacles faced by traders and investors in India. That’s why the name of the company stands for Zerodha, a combination of Zero and “Rodha”, the Sanskrit word for barrier.
Zerodha is a member of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) and is registered with the Securities and Exchange Board of India (SEBI).
Trading alerts are Zerodha’s solution for 9-to-5 employees.
Trading alerts are free, automatic, and customizable notifications that are delivered to you once your criteria are activated (notifications are sent right away via email). Using automatic email notifications is one of the finest strategies to develop as a more robotic trader when placing entry and exit trades.
At different prices where we want to enter or exit the stock, we usually create alert triggers. The benefit of using automated email alerts is that you can act immediately and spend less time staring at your screen when your entry or exit price triggers. You will receive a notification right away on your inbox. You can save time this way and take advantage of time leverage.
I wanted to show you how to create alerts inside of the broker platform. And we can easily do this inside the Kite ZERODHA broker platform, but most platforms like Upstox and TradingView have this capability as well because alerts are a really good way to systematize the process that you use for making trades. After all, alerts can remove your emotion and allow you to be more mechanical.
Here’s how you can create alerts:
Zerodha Review 2023: Features
An Easy-to-Use Trading Platform
Zerodha provides a user-friendly trading platform, you can easily access all the features and tools you need to make wise trading and investing decisions. The simplicity of Zerodha platform helps both retail and institutional investors.
Zerodha provides Portfolio Diversification Opportunities:
You can invest in a range of financial products with Zerodha, including commodities, derivatives, currency, and stocks. Because of this, you can diversify your investments and reduce your overall risk. Zerodha also offers a variety of investment options, including mutual funds, bonds, and exchange-traded funds (ETFs), to meet your financial objectives and preferences.
Zerodha Review of Advanced Charting tools:
If you’re a technical analyst, you can use charting tools to make well-informed stock selections. A variety of technical analysis tools and indicators, including trend lines, moving averages, and Relative Strength Index, are available on the platform to assist you in understanding market patterns and improving your trading or investing choices.
If you’re comfortable with TradingView, then Zerodha has a TradingView charting platform.
Zerodha Review: Mobile, Web, and API Trading Platforms:
Zerodha Kite Mobile App:
The company offers a user-friendly mobile trading app called KITE. A mobile trading app that allows traders to stay connected to the market at all times and make trades on the go.
Kite mobile app available for both android and IOS.
Zerodha Web Trading Platform:
As a professional trader, you must analyze data on a large screen, such as a trading computer or laptop.
You’ll get all the benefits that are available in the mobile app.
- Advanced charting trading tools, including TradingView with more than 100 indicators,
- All kinds of drawing tools are available that are useful for technical analysis.
Zerodha Kite connect API:
This service helps those developers who would like to make their own platform to trade.
Benefit from Zerodha’s partner products:
Smallcase: Smallcases are modern investment products (ready-made portfolio stocks) that help you build a low-cost, long-term & diversified portfolio easily, which are created by professionals.
Sensibull: If you’re a F&O trader, then Sensibull helps you by providing option trading strategies. And provide an options trading platform that you can use for your own option strategy.
Additionally, Zerodha is also associated with the Streak and GoldenPi platform to provide value to the traders and investors.
Zerodha charges 2023:
The first discount broker to offer zero brokerage for demat accounts is “Zerodha”. Transactions based on delivery do not include any brokerage.
Zerodha Account Opening Charges: Online opening charges are Rs. 200 for equity (for trades on equity, F&O, and currency) and Rs. 300 for equity (for trades on equity, F&O, and currency) and commodities (MCX).
Offline opening charges are Rs. 400 for equity (for trades on equity, F&O, and currency) and Rs. 600 for equity (for trades on equity, F&O, and currency) and commodities (MCX).
AMC (Annual Maintenance Charge) for Zerodha Demat: Rs. 300/year + GST charged quarterly (90 days)
The following are different types of Zerodha charges 2023:
- Brokerage: Up to Rs. 20 per order charged on Intraday, F&O, commodity, and currency trades.
- GST (Goods and Services Tax): 18% of the total amount (brokerage + SEBI charges + transaction charges).
- Stamp duty charges: Stamp duty charges are a part of the state revenue system. Applicable to the trading on stock exchanges and depositories.
- SEBI Charges: Charged at Rs. 10 per crore by the Securities and Exchange Board of India for regulating the markets.
- DP (depository participant) charges: ₹13.5 + GST per scrip
The official Zerodha website provides detailed information on equity, currency, and commodity charges.
Zerodha Margin/leverage Review:
For intraday/day trading, Zerodha provides 5x leverage, and for F&O intraday trading, leverage is 1.33x. E.g.
|F&O (Equity, Currency and Commodities)||1.33x|
Zerodha customer service in 2023:
An important factor of Zerodha Review that no one considers is “customer support.”
Zerodha is known for its excellent customer support, with a dedicated support team available to assist clients 24/7. It also offers a range of self-service resources, including a knowledge base, FAQs, and a community forum, to help clients resolve any issues or find answers to their questions.
Zerodha Contact Information:
Address: Zerodha Broking Ltd., #153/154, 4th Cross, Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bengaluru – 560078, Karnataka, India.
Contact Number: 080 4718 1888
Zerodha Review 2023: Pros (Advantages) and Cons (Disadvantages)
There is no doubt that Zerodha is a top online stock trading platform in India, but like any trading platform, it has its own set of advantages and disadvantages.
- Simple and User-friendly mobile app and web platform: As you all know, Zerodha is a leading discount broker because of its simplicity. Its platform is simple to navigate and use, making it accessible to traders of all levels.
- Low brokerage fees: Zero brokerage on Delivery trade.
- There is a completely online account opening facility.
- Provide many educational resources in the form of blogs and YouTube videos.
- More trustworthy as it has over 1+ Crore customers and it is registered with SEBI (SEBI Registration No. INZ000031633).
- 24/7 customer service is available.
- 3-in-1 Demat Account: Zerodha offers a 3-in-1 Demat Account only to those who have their savings accounts with IDFC First Bank.
- Call and Trade is charged: Zerodha charged Rs. 50 plus GST on call and trade.
Can Zerodha be trusted?
Yes, Zerodha is trustworthy, as it is a leading discount broker with 1+ Crore customers in India. Zerodha is registered with SEBI (SEBI Registration No. INZ000031633) and has registered with major stock exchanges like the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
To open a Upstox Demat Account, follow these steps:
There is a 100% online process to open a Demat account with Zerodha. Before you open a Demat account, you have to be ready with these documents:
Password Size Photo:
Cancelled Check or passbook:
Step 1: Visit the Zerodha website and fill in your details with the OTP you received on your registered mobile number.
Step 2: Upload your documents:
- ID proof: Aadhaar card and PAN card
- Address proof: Aadhaar card, passport, voter ID, driving license
- Bank proof includes a bank statement, a cheque, or a passport.
Note: Don’t forget to provide your PAN number.
Step 3: After uploading your documents, a representative from Upstox will call you and guide you through the opening account process.
Step 4: Start Investing: After a review process, get your client ID once your details are verified. Log in to your account and start trading.
Opening a Demat account is not rocket science; you can easily do it yourself.
Alternative: Zerodha vs Upstox
Without a doubt, Zerodha is India’s largest discount online broker. But we can say Upstox has been the fastest-growing discount broker for the last couple of years. Hence it reached Upstox, the second-largest discount broker in India.
Upstox offers zero account opening charges, whereas Zerodha charges Rs 300 for trading & Demat accounts (Rs. 200) and commodity accounts (Rs. 100).
Zerodha is a more cost-effective option for high-frequency traders like day traders or scalpers.
Both discount brokers have more extensive educational resources.
If you’re an investor, then one Demat account is sufficient, but for professional traders, having multiple Demat accounts is advisable. Both discount brokers, Zerodha and Upstox, are the largest in India, so you can take advantage of them.
I have written a in-depth guide on Upstox review. Learn more about its features and benefits.
Final thoughts about Zerodha Review 2023:
Zerodha started in 2010 as a startup and has now become the largest stock broker in India. As I mentioned in the introduction section of this article, the data clearly shows that Zerodha is the popular choice among modern traders and investors.
I have shared my unbiased Zerodha review; if you want to open a demat account with Zerodha, click the button below and start your journey in the financial markets.
If you have any doubt, feel free to ask in the comment section. And if you found some value in this article, then share it.
Frequently Asked Questions (FAQ):
Is Zerodha good for beginners?
Yes. If you are a beginner trader and looking for a discount broker, then Zerodha is the best choice for you. Its platform is simple to navigate and use, making it accessible to traders of all levels, from beginners to professionals.
Can I trust Zerodha?
Yes, Zerodha is trustworthy, as it is serving over 1+ Crore customers in India. The company is SEBI-registered and a member of major exchanges like the NSE ,BSE and MCX.
Can we invest in a mutual fund through Zerodha?
Yes, Zerodha enables SIP investments in mutual funds using its Coin platform for investing in mutual funds.
What are disadvantages of Zerodha?
Zerodha offers a 3-in-1 Demat Account only to those who have their savings accounts with IDFC First Bank. And Zerodha charged Rs. 50 plus GST on call and trade.
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