Zerodha Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Zerodha, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.

Overview

Zerodha is a Private company headquartered in Bangalore, India which is founded in 2010 by Nithin Kamath. Zerodha is a Discount Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Full Service brokers. However, it is vital to note that Zerodha work as a Full Service brokers because it offers thorough investment advice and complete stock analysis to its clients. Zerodha is an NSE and BSE-listed company with over 22 branches in India.

Zerodha Account opening charges

You need to open a demat account and a trading account, to start trading with Zerodha. So, to open a trading account with Zerodha, you need to pay a fee of Rs.300. However, the trading annual maintenance charges of Zerodha are free. And Demat annual maintenance charges are Rs.300 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Zerodha is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Zerodha Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Zerodha brokerage charges for various segments:

• Equity delivery: There are no fees for equities delivery trades with Zerodha This implies you can invest in equities without paying any brokerage charges.
• Equity intraday: Zerodha charges a brokerage fee of Rs.20 Per Order per order.
• Equity futures: The brokerage cost for equity futures is Rs.20 Per Order as well.
• Equity options: Zerodha charges a brokerage fee of Rs.20 Per Order for trading equity options.
• Currency: Unleash your trading potential with Zerodha’s dynamic Rs.20 Per Order charges.
• Commodity: For commodity options trading, Zerodha charges a brokerage fee of CDSL.

Equity Brokerage Charges

Currency Brokerage Charges

Commodity Brokerage Charges

Zerodha Other Charges

• Minimum brokerage charges: At Zerodha, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Zero.
• Transaction brokerage charges: A transaction brokerage fee of 0.00325% of Total Turnover is to be paid by a customer.
• SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.002% of Total Turnover charge.
• Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
• GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
• STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Zerodha.
• Call and trade charges: If you use call and trade service, the charges of Zerodha are Rs 50 per executed order.

Zerodha Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Zerodha offers Upto 20x times leverage on equity delivery, Upto 28x times leverage on equity intraday, Upto 15x times leverage on equity futures, and Upto 8x times leverage on equity options.

Here is the leverage provided by Zerodha:

Zerodha Currency Leverage

Zerodha also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 12x times and Currency Options Upto 8x times.

Zerodha Commodity Leverage

Zerodha offers Upto 17 leverage for commodity trading.

Zerodha Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Zerodha gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

Zerodha Features

• Full Service Brokers:Zerodha, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Zero executed, regardless of trade category, size, or exchange. They also offer Upto 28x trading leverage.
• Range of Investment Products: Zerodha is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
• Subscription Plans: Zerodha paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
• Research and Advisory Services: Zerodha differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
• Margin Funding: Zerodha provides margin funding services. These can be used to make partial payments on cash segment transactions. Zerodha lends the remaining balance at a low interest rate.
• Mobile Trading App and Trading Platforms: Zerodha provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
• Demat Account Services: Zerodha offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
• Low Charges: Zerodha is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Zerodha’s Rs.20 Per Order brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
• Algo Trading and Robo Advisory: Zerodha provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
• Customer Support: Zerodha offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.

Zerodha Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Zerodha offers research papers with the top recommendations, which are developed by industry specialists. On their website, Zerodha also offers annual reports, as well as daily market reviews and weekly reports.

Zerodha Trading Platforms

To fulfil the various needs of its consumers, the Zerodha trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Zerodha Mobile App

Zerodha offers mobile trading through the Zerodha app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Zerodha Customer Support

• Online trading support: Zerodha can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
• 24*7 support: Zerodha offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
• Email support: Customers can contact Zerodha5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.

Zerodha Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 120 BSE complaints, of which 117 have been resolved, which amounts to 97.50 % in percentage terms. And, when it comes to NSE complaints, there are 89 of them, with 85 of them resolved, for a percentage of 95.51 %. And the percentage of BSE/NSE complaints resolved is 96.50 %

The table below highlights the complaints acquired by Zerodha.

Conclusion

In conclusion, Explore Zerodha’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Zerodha can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.