Fyers Reviews

Zerodha Stock Trading, Demat, Brokerage and Reviews 2020

Overall Company Rating ( 4.5/5 )

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Zerodha Affiliation Details

• CIN: U67190KA2011PTC058078
• Zerodha NSE Member ID :
  • Capital Market (CM) – INB231390627
  • Future & Options (F&O) – INF231390627
  • Currency Derivatives (CDS) – INE231390627
• Zerodha BSE Member ID:
  • Capital Market (CM) – INB011390623
  • Future & Options (F&O) – INF011390623
• CDSL: IN-DP-CDSL-00278209
• NSDL: IN-DP-NSDL-11496000

Active Client Details Of Zerodha

• 8.5+ lakh clients.
• Branch Office

Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that the overall dynamics of the stock broking space has seen huge transformation. It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, Commodity trading etc. at low brokerage (zerodha rs 20 per trade).

Why Zerodha?

• Zerodha Charge flat rate of Rs 20 per executed order.
• Zerodha does not charge any brokerage on Equity delivery transactions.
• Zerodha provides a platform to invest in mutual funds.
•  Innovative trading platform.
•  No upfront fee, no minimum brokerage, and no minimum contract charges.

Positives

• No Brokerage on Equity delivery.
• Flat rate for stock trading.
• Own DP services.
• Strong Customer service .
• Good Brokerage & Margin Calculator.

Needs Improvement

• No margin funding.
• Doesn’t provide stock tips, research reports or recommendations.

Type of site	Private
Founded	Year 2010
Headquarters	Bangalore, Karnataka, India
Key people	Nithin Kamath CEO
Industry	Stock Broker
Products	Kite Connect, Coin
Services	Equity Trading, Derivatives Trading, Currency Trading, Commodity Trading
Employee	850+
Subsidiaries	Zerodha Commodities Pvt. Ltd.
Website	www.zerodha.com
Users	850000+

Zerodha Zerodha is an Indian financial services company (member of NSE, BSE, MCX, MCX-SX) which allow the investor to access Brokerage-free equity investments, retail and institutional broking, currencies and commodities trading, and mutual funds across all platforms of stock market and commodity market.

Zerodha claims that they are the one who has started “India’s first discount brokerage” having started the “discount broking” model in India that is popular in developed markets. The said discount broking model avoids variable charges based on the volume and charges flat fees irrespective of volumes therefore favours traders who take large futures and options provisions. A flat fee of a maximum of Rs: 20 are applied to a trade, irrespective of its size and by 2015 the Zerodha became the first company which offers the brokerage and commission free equity investments with no annual maintenance charges.

Zerodha has it’s headquarter in Bangalore and also accessible in the major cities across the India. Zerodha have other franchise offices in Hyderabad (Andhra Pradesh), Pune (Maharashtra), Ahmadabad (Gujarat), Chennai (Tamil Nadu), Vijayawada (Andhra Pradesh), Hubli (Karnataka), Salem (Tamil Nadu), Coimbatore (Tamil Nadu), Kanyakumari (Tamil Nadu) and Kochi (Kerala).

It is also an official member of NSE’s consultative committee for growing business. As of January 2017, Zerodha contributes up to 10% of retail trading volumes on Indian stock exchanges and have more than 1Mio active customer which place them in number one position in brokerage industry.

Zerodha Account Opening Charges 2020

Zerodha Account Offering

At Zerodha you can open an Equity & Derivatives Trading account, Demat account and Commodity Trading account.

Equity & Derivatives Trading Account

Zerodha offers only online Trading Accounts, and you will have an option to trade either through a software-based platform, a web-based platform or a mobile application. In case you don’t have access to any of the above mention platforms then call and trade is also an option for the trade.

You can trade in Stocks, Futures & Options of Stocks, Indices and Currencies. Annual Maintenance charges for a Trading Account nil incase of Zerodha.

Equity Demat Account

Annual maintenance charge (AMC) for a Demat account at Zerodha is Rs.300 which is collected at the end of the financial year on a pro-rata basis and the Demat account opening charges are Rs.100.

Commodity Trading Account

A Commodity Trading account is what you open with a Trading Member (Commodity Broker as you call him) of recognized Commodity Exchange (MCX, NCDEX etc. in India). There are no Annual Maintenance charges for your Commodity Account at Zerodha and you can trade on MCX. Only futures trade on MCX and hence there is no need of a Demat Account for trading Commodities. At the end of the contract, the Future is cash settled (if you haven’.t already squared off the position) or you can opt for physical delivery (not allowed at most of the online broking firms, including Zerodha).

Important things to remember while opening an account with Zerodha:

• Open only “Trading Account” if: You intend to trade only Futures & Options and/or Currencies, be it Intraday or Positional. Demat account is not required.
• Open “Trading and Demat” if: You intend to take delivery of Stocks (buy and hold stocks overnight) along with trading in Futures & Options and/or Currencies.
• Open “Commodity Trading Account” if: You intend to trade only Commodities.

The Final Thoughts about Zerodha

Zerodha being the original pioneer of the discount broking model in India and brought the concept of discount broking in our country and that brings the huge transformation in the overall dynamics of stock broking. They have hit a sweet spot in terms the cost and the benefits they offer. Zerodha comes with the affordable price rate, which is an excellent choice for any trader (beginner or an expert). Zerodha provides free Equity trading to beginners. The Zerodha helps you in gaining your knowledge with Varsity, trading QnA so if you are a beginner or experience trader the Zerodha will always take an initiative for being a better investor.