Zerodha is a Flat Fee Share Broker (Also known as Budget Broker or Discount Broker or Pay Per Order Brokerage) for trading in India Stock, Commodity and Forex Markets. It charges investors 0.01% or Rs. 20 per executed order, whichever is lower, irres...
Under the head Other Broker Hidden charges), it is mentioned that "Standard NSE charges, transaction charges and statutory levies are charged". It is not correct. As per NSE circular No.NSE/F&A/13029 dated 7-9-2009, the maximum transaction charges levied by Nse is Rs.190 per cr of turnover, and the minimum is Rs.175/cr, for Futures segment.This is the amount charged by other brokers also. But Zerodha charges its clients Rs.490/cr. In Options segment, Nse charges Rs.5000/cr of premium, but Zerodha charges Rs.8000/cr. It is a wrong charge under the guise of "statutory levies".
I have one question on Zerodha. Please provide authentic answers.
I was comparing it with one other brokerage and "After Hours Trading" was not ticked. Does that mean I cannot even place an order when market is closed. With my previous online broker, I always placed orders after hours so that it goes to exchange next day.
70.1. Chittorgarh.com Team Dec 09, 2012 9:43:12 AM IST |
We have corrected the information now.
Zerodha now allows After Hours Ourders (AMO) facility on the new trading platform ''Zerodha Trader''.
I have demat with geojit can I open only Trading Account with Zerodah and link it to my Geojit Demat. I asked Geojit they told that they wont ANNual Maintenance Charges) there is no any other charges or fees for the shares to get settled in DEMAT. Kindly Clarify my Doubts.
Intricate margin, i.e. much higher problems with their margin calculations and other problems. Day time one margin and after 2 OR 3 their margin balance changes, who knows all these bakwas thing. I got Rs8100 loss with their policies, at that time I told to allow roll over but not cooperated. (I told to them i will approach legally) Always some or other problems It is not bad but certainly not Good service
Brokerage - Excellent Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Below Average
Broking houses embark on branchless trading (Offer cheaper and more viable model) Priya Sheth Mumbai, Oct. 15
The pillars of the Indian retail broking model are slowly morphing into an e-broking structure without any physical presence. While most brokers are struggling to stay afloat in this uncertain market scenario, e-broking firm Zerodha is enjoying increasing business by the day.
Traditional brokerages do offer online trading facility to traders, but they do have physical branch in that area so that if there is any problem, traders can fall back on them.
Now even a number of bigger brokerages are betting big on the online brokerage model as it is a cheaper and more viable model.
Some questions as till now i deal with my broking firm through sub-broker-
1. Forms and time to have active account? (only NSE trading)
2. Payments to be given or to be received? (Till now exchanging physically cheques with sub-broker)
3. Do you have any support office in Delhi?
57.1. Dhananjay Sep 23, 2012 4:54:45 PM IST |
Based on my experiance: 1. You can open account with zerodha in 3 days. It actually depend on how soon you can send back required documents to them.
2. All payment transfers are online. No physical cheques are needed.
3. Nope, Zerodha doesn''t have support in Delhi. But there phone support is pretty good and you shouldn''t have any problem. Visiting branch or sub broker is the thing of past. Now you can do each and very thing related to trading at your home or office.
I Never had good experience with Zerodha. During the process of opening a/c it also gave me lots of headaches. There counter part DP a/c holder IL&FS has worst service. and both of then never coordinate. Most annoying is that some charges have to pay directly by clients and some charges Zerodha deduct from ledger book. So clients always confused. For example for AMC charges for DP a/c clients have to pay directly to IL&FS and most of the clients do not even know. Zerodha never takes such responsibilities.
Customer service is quick done not mean that the broker is excellent or very good.
Zerodha has lots of drawback too.
Zerodha charges when you do the fund transfer from your bank.
Clients can not trade in BSE stocks, can not apply for IPO and can not apply for mutual funds or even bonds.
So far they only provide the service to trade in NSE stocks and FNO. Which is not enough for an investors.
In fact, more of less all brokers are same in my opinion.
55. sanjeev kumar Sep 09, 2012 6:39:06 AM IST | Reply
Zerodha's customer service is excellent but website usability is average.
Brokerege is above averege compared to India Infoline, Sharekhan, Anand Rathi etc
54. Chandrashekhar Pandey Sep 04, 2012 10:05:43 AM IST | Reply
The Zerodha is one of the best broker in India for providing quite good services at very reasonable rates. may they grow very fast in future to become No,1 brokerage hoof the WORLD.
Chandrashekhar Pandey is using Zerodha''s services since Feb 2012