Zerodha Stock Trading, Demat, Brokerage and Reviews
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, irrespective to number of shares or their prices (Except equity delivery where brokerage is 0.10% or Rs. 20 per trade whichever is lower). With Zerodha maximum brokerage you pay for any transition is Rs 20 for an order of any size.
Like other online stock trading companies, Zerodha provides trading services to buy & sell stocks, futures & options and mutual funds online. Zerodha's share trading platform is powered by Nation Stock Exchange's NOW (NSE on Web) internet trading platform.
Zerodha's brokerage structure is extremely simple and very easy to understand. Customer who moved to Zerodha has reported saving of 90% on expenses while trading in F&O. Zerodha is clearly the cheapest stock broker available in India for all kind of investors including people who trader just a few times in a month to day traders who execute 100's of trades each day.
Zerodha Rated 4.29 / 5 based on 99 customer reviews
Zerodha's Trading Platforms
Zerodha offers trading using two different ways:
Zerodha Trader [Installable Application] – An installable application powered by 'Omnesys NEST Trader' can be downloaded and installed on your computer for free. This is a fully functional trading terminal allowing fast execution of orders with real time monitoring.
Zerodha Trader [web-based trading platform] – A browser based trading website is powered by 'Omnesys NEST3'. The light weight website provides features like Market Watch, Trade Express/ Streamer, My Alerts, Index Chart and Online IPO.
Automated Trading through AmiBroker
Zerodha online trading platform provides a plug-in for AmiBroker, the popular Technical Analysis Software. Through this a trader can trade directly from AmiBroker software in the semi-automated or fully-automated way based on his own strategies. The trader has to buy the separate license from AmiBroker to use this feature. Zerodha has become the first broker in India to offer Automated Trading through this plug-in. Google 'AmiBroker' to know more about AmiBroker software.
Zerodha is the cheapest share broker in India as they allow their customers to trade under a simple model where they charge 0.01% or Rs. 20 per executed order, whichever is lower, regardless of the trade size.
Zerodha do not charge any hidden fees i.e. Software uses charges. Except brokerage, investor has to pay various taxes on the truncations which is exactly same as other broker's charges i.e. STT, Transaction/Turnover Charges, Service Tax (ST), Education Cess, Higher Education Cess, SEBI Charges and Stamp Charges.
No minimum amount balance required to open a Zerodha trading account.
There is 'No Minimum Brokerage' with Zerodha. This is helpful with small trades where 0.01% brokerage [one side] is applied. Brokers like ICICIDirect charge minimum of Rs 25 if your calculated brokerage is less than that.
Unlike many other brokers who advertize fixed brokerage of Rs 5 per trader but ask you to but a prepaid plan of Rs 1 Lakh in advance, Zerodha is the only discount broker who doesn't sell any prepaid brokerage plans. It's simply pay as you go brokerage firm.
Zerodha is the first true discount broker providing cheapest brokerage services in India.
Zerodha Number of Customers: Above 15,000 (as of Aug 2012).
Zerodha Referral Program is available for all customers. You can make 10% of the brokerage paid by people you refer. This further reduces the brokerage you pay to Zerodha.
Zerodha Brokerage Calculator helps you to find out how much money you can save on brokerage when moved to Zerodha.
3-in-1 account is not available as Zerodha doesn't provide banking and demat services. Any online bank can be linked to Zerodha trading account. For Demat Account, Zerodha has partnership with IL&FS Securities Services Limited.
Zerodha doesn't provide facility to invest in IPO, FPO, Mutual Funds and Offer For Sale (OFS).
Unlike most 3-in-1 accounts provider, Zerodha Back Office is not integrated with its trading platform. It's a separate website and most data in the back office gets updated overnight.
Good Till Cancelled (GTC) and Good-Til-Date/Time (GTD) Orders are only available for commodity trading.
Zerodha doesn't provide margin funding to its customer. It allows you trade only when you have enough money in your trading account.
Zerodha Exposure for Intraday Trading - Zerodha offers 4 to 10 times exposure or leverage for stocks on which F&O trading is allowed. For most other stocks; Zerodha gives 5 times exposure. Margins are given only for Intraday trading.
Zerodha Exposure for trading in Futures - Zerodha lets clients take positions for Intraday with 40% of the SPAN+Exposure Margins.
Zerodha Margin for Options - Zerodha doesn't offer any margin for buying Options.
Zerodha's Membership Information
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
(Note: Information Last Updated: 8/14/2013 1:34:00 PM)
BACK OFFICE NOT THAT EFFECTIVE. NO PORTFOLIO MANAGEMENT SERVICES.
Brokerage - Excellent Account Maintenance Fees - Above Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Below Average
97. Anil Kumar May 14, 2013 9:11:55 PM IST | Reply
They are reluctant to take care of the basics. Margin available shown on trading platform and that on margin statement are hugely different. They are noteven willing to assure that traders can take positions based on funds availability shown on trading platform. There are too many problems with back office, especially ralated to BSE F&O segments.
Brokerage - Above Average Account Maintenance Fees - Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Below Average
96. G.Asok Kumar May 08, 2013 6:56:38 PM IST | Reply
Is there any maximum limit of trading quantity? I think there is a limit of 10,000 Nos at a time for trading in NSE nifty index option. Is this correct?
96.1. Amit gupta Jun 20, 2013 1:27:48 AM IST |
I want to sell nifty call&put option so what is margin spend in possinal margin