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Zerodha Stock Trading, Demat, Brokerage and Reviews


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Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.

Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 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 and in any segment). Zerodha doesn't have minimum brokerage.

Incorporated in 2010; Zerodha is first and No. 1 discount broker in India by volume, number of customers and growth. In short span of 3+ years, Zerodha contributes to over 2% (Rs 4 to 6k Cr) of the NSE total turnover; among 10,000+ brokers offering services to retail investors and traders.

Like other online stock trading companies, Zerodha offers trading services to buy & sell stocks, futures & options (in Equity, Currency & Commodity segments). Zerodha's share trading platform is powered by Omnesys 'NEST Trader'. All trading platforms including trading terminal, website and mobile trading are made available to its customer for free of charge.

Zerodha's brokerage structure is extremely simple and very easy to understand. Customer who moved to Zerodha has reported 80 - 90% saving in brokerage they pay to full-service brokers. Zerodha is among the most technologically advance and cheapest stock broker 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 Trades In: BSE, NSE, MCX-SX, MCX

Zerodha Stock Broker Review Ratings

133 votes  Rate Zerodha

Area Rating
Overall Rating Rated 4.2 stars 4.2/5
Fees Rated 4.3 stars 4.3/5
Brokerage Rated 4.6 stars 4.6/5
Usability Rated 3.9 stars 3.9/5
Customer Service Rated 4.1 stars 4.1/5

Zerodha's Trading Platforms

A customer can trade with Zerodha in following 4 ways:

  1. Zerodha Trader [Installable Application] - An installable application powered by 'Omnesys NEST Trader' can be downloaded and installed on your computer. This is a fully functional trading terminal allowing fast execution of orders with real time monitoring. This easy to use trading terminal is available to all its customer for free.
  2. Zerodha HTML5 [web-based trading platform] - A browser based trading website is powered by 'Omnesys NEST3'.
  3. Zerodha Mobile - A smart phone application for Android and BlackBerry. This app allows customers to trader from their mobile phones.
  4. Call & Trade - Customers who are not online; can use Call & Trade service for an additional cost of Rs 20 per trader.

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 Brokerage Charges 2015

  • Trading Account Opening Charges (One Time): Rs 300
  • Demat account Opening Charges (One Time): Rs 150
  • Trading Annual maintenance charges (AMC): NIL
  • Demat Account Annual Maintenance Charges (AMC): Rs 400 Per Year

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Zerodha Discount Offer

Get Rs 100 discount when you open a Zerodha Trading Account through us. Simply leave your contact information with us and Zerodha representatives will call you.

Trading Brokerages

  • Equity Delivery Trading Brokerage: 0.10% or Rs 20 per trade whichever is lower
  • Equity Intraday Trading Brokerage: 0.01% or Rs 20 per trade whichever is lower
  • Equity Future Trading Brokerage: 0.01% or Rs 20 per trade whichever is lower
  • Equity Options Trading Brokerage: 0.01% or Rs 20 per trade whichever is lower (on Turnover)
  • Currency Futures Trading Brokerage: 0.01% or Rs 20 per trade whichever is lower
  • Currency Options Trading Brokerage: 0.01% or Rs 20 per trade whichever is lower
  • Commodity Trading Brokerage: 0.01% or Rs 20 per trade whichever is lower

Zerodha Brokerage Charges

Zerodha Charges EQUITY Delivery EQUITY Intraday
Brokerage 0.10% or Rs 20/Trade whichever is lower 0.01% or Rs 20/Trade whichever is lower
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction / Turnover Charges NSE: 0.00325% | BSE: 0.00275% | MCX-SX: 0.002% NSE: 0.00325% | BSE: 0.00275% | MCX-SX: 0.002%
Service Tax 14% on Brokerage + Transaction Charge 14% on Brokerage + Transaction Charge
SEBI Charges 20 Rs/Crore 20 Rs/Crore
Stamp Charges* 0.01% subject to a maximum of Rs 50 0.01% subject to a maximum of Rs 50
Zerodha F&O Brokerage Futures Options
Brokerage 0.01% or Rs 20/Trade whichever is lower 0.01% or Rs 20/Trade whichever is lower
STT 0.01% on Sell Side 0.017% on Sell Side(on Premium)
Transaction / Turnover Charges NSE: 0.0021% | BSE: 0.0007% | MCX-SX: 0.0014% NSE: 0.053% | BSE: 0.0027% | SX: 0.027% (on premium)
Service Tax 14% on Brokerage + Transaction Charge 14% on Brokerage + Transaction Charge
SEBI Charges 20 Rs/Crore 20 Rs/Crore
Stamp Charges* 0.01% subject to a maximum of Rs 50 0.01% subject to a maximum of Rs 50
Zerodha Charges Currency Futures Currency Options Commodity
Brokerage 0.01% or Rs 20/Trade whichever is lower 0.01% or Rs 20/Trade whichever is lower 0.01% or Rs 20/Trade whichever is lower
STT No STT No STT 0.01% on Sell Side (Non-Agri)
Transaction / Turnover Charges NSE: 0.00135% | MCX-SX: 0.0013% NSE: 0.044% | MCX-SX: 0.037% Non-Agri: 0.0031% | Agri: 0.00175%
Service Tax 14% on Brokerage + Transaction Charge 14% on Brokerage + Transaction Charge 14% on Brokerage + Transaction Charge
SEBI Charges 20 Rs/Crore 20 Rs/Crore No SEBI Charges
Stamp Charges* 0.01% subject to a maximum of Rs 50 0.01% subject to a maximum of Rs 50 0.01% subject to a maximum of Rs 50

Zerodha Charge / Fee Structure:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty for all states in India and NRIs: *: Charged at .01% or Rs 50 per contract note whichever is lower in all states except for clients whose permanent address is in Gujarat, Andhra Pradesh, Kerala, Tamil Nadu and Maharashtra. Contact Zerodha website to check the stamp duty in your state.
  • Service Tax: This is charged at 14% of the total cost of brokerage plus transaction charges.
  • SEBI Charges: This is charged at Rs 20 per Crore.

Other Charges (Zerodha Hidden Fees):

  1. Call and Trade feature is available at an extra cost of Rs 20/- per call.
  2. Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of Rs 20/- per contract. Courier charges are extra.
  3. Trade SMS alerts (optional) are charged at Rs 1 for Equity, F&O, and Currency trade alerts and Rs 0.50 for Commodity trade alerts.
  4. Instant payment gateway charges for over 22 banks - Rs 9 per fund transfer.
  5. DP charges for delivery based equity selling - Rs 8 per transaction.
  6. Standard NSE charges, transaction charges and statutory levies are charged.

Zerodha Demat Account Charges:

Zerodha offers Demat account though another company IL&FS Securities Services Ltd, a popular DP service provider. The Zerodha (IL&FS) charges for demat account transitions are as below:

ID Transaction Zerodha
1 Demat Account Opening Charges Rs 150
2 Stamp Charges payable upfront (at actuals) -
3 Custody Charges -
4 Annual Maintenance Charges (AMC):  
  a. Individuals Rs 400 Per Year + Service Tax
  b. Corporates Rs 7000 up front. There would be no AMC charged to the account after that.
5 Transaction Charges per ISIN:  
  a. Buy (Receive) NIL
  b. Sell(Debit) Rs 8 + NSDL charges(Rs 5) flat for every debit transaction
6 Inter Depository Transfer:  
  a. Buy (Receive) NIL
  b. Sell(Debit) Rs 8 + NSDL charges(Rs 5) flat for every debit transaction
7 Demat (Per certificate) Rs 2 + Rs 35 as courier charges
8 Remat (Per ISIN) Rs 25 per certificate or 0.5% of the value whichever is higher + Rs 9 (depository charges)
9 Courier charges per Demat/ Remat request Rs 35
10 Pledge per ISIN 0.02% of the transaction charges subject to minimum of Rs 50 + Rs 9 (depository charges)
11 Unpledge per ISIN 0.02% of the transaction charges subject to minimum of Rs 50 + Rs 9 (depository charges)
12 Pledge Invocation per ISIN 0.05% of the transaction charges subject to minimum of Rs 50 + Rs 9 (depository charges)
13 Periodic Statement:  
  a. By Email Free
  b. Physical Rs 35 (Couier Charges)
14 Adhoc / Non Periodic Statement Requests:  
  a. By Email -
  b. Physical Rs 25 per request upto 10 pages. Every additional 5 page at Rs 5 + Rs 35 (Courier Charges)
15 Delivery Instructions:  
  a. First Delivery Instruction Book (10 leaves) -
  b. Every Additional Booklet -
  c. Transfer through "easiest" (online) -
16 Late Transaction Fee -
17 Cheque Bounce/ Per cheque Charges will be applied based on charges as determined by our bank
18 Failed Transactions Rs 50 per transaction
19 Account Closure -

Useful Articles:

How to open account with Zerodha?

For online trading with Zerodha, investor has to open an account. Following are the ways to open an account with Zerodha

Contact Zerodha / Request Call Back

Name:Phone
EmailCity
State
Are you a day trader?

Zerodha Advantages

  • Zerodha is among the cheapest share broker in India. They offer trades 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 brokerage of Rs 35 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.
  • algoZ; a tool on Zerodha Trader allows you to code technical analysis strategies. This algorithm trading tool is available for free to all the customers.
  • 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 offers 'Bracket Orders' with an option of 'Trailing Stop loss' for both Equity and F&O. Zerodha is the first broker to offer this to retail investors in India.
  • Zerodha offers Collateral Margin or 'Margin Against Share' for trading in Equity F&O segment.
  • Zerodha Branches: Bangalore (Karnataka), 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).
  • Zerodha Number of Customers: Above 30,000 (as of May 2014).

Zerodha Disadvantages

  • 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 Till Date/Time (GTD) Orders are only available for commodity trading. They are not available for equity segment.
  • Zerodha doesn't provide margin funding to its customer. It allows you trade only when you have enough money in your trading account.
  • Zerodha doesn't provide 'Margin Against Shares' in equity cash segment.
  • Citibank account can't be linked for online fund transfer.
  • Trading clients are not available for operating system Mac and Linux.

Zerodha Complaints received at BSE / NSE:

Number of customer complaints lodged against share broker Zerodha:

Exchange Financial Year Number of Clients * Total Complaints **
NSE 2014-15 25,007 10
NSE 2013-14 17,523 8
NSE 2012-13 7,996 7
NSE 2011-12 1,163 4

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Broker complaints in India - Year wise complaints received by exchange

Useful links about Zerodha

  1. Contact Zerodha for trading & demat account.
  2. Zerodha Website: http://www.zerodha.com
  3. Registered Office: 175/176, 2nd Floor, Bannergatta Road,
    Bilekahalli Bangalore - 560076

Enquiry Form

Zerodha Exposures

  1. Zerodha Exposure for Intraday Trading - Zerodha offers 5 to 20 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.
  2. Zerodha Exposure for trading in Futures - Zerodha lets clients take positions for Intraday with 40% of the SPAN+Exposure Margins.
  3. Zerodha Margin for Options - Zerodha doesn't offer any margin for buying Options.

Short Selling

  1. Equity F&O Segment - Zerodha allow intraday and overnight short selling in F&O segment.
  2. Equity Cash Segment - Zerodha allows short selling only for Intraday, but not for overnight positions.

Zerodha's Membership Information

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

Zerodha Reviews

avatar
147. Rahul.Singh  Sep 2, 2015 2:48:11 PM IST Reply
Guys,

Please do not go for opening an account with Zerodha. I have felt the pain. They will ask for all documents and promise to open the account in 24 hours. I have submitted all documents but they are the people who are bug finder and asking for every other document. They will call you only to the point your cheque is not encashed. Post which you will run after them and they will not respond. I doubt how can they have registered for doing this business with such a poor quality.

I have burnt my hands and writing this so that other who are in opinion to have a trading account with cheap brokerage do not come under thier trap.

The people whom I am comminicating is :
Amit from Bangalore
Prateek from Pune.

Be aware!! All the best!!!

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
146. Rahul.Singh  Sep 2, 2015 2:47:32 PM IST Reply
Guys,

Please do not go for opening an account with Zerodha. I have felt the pain. They will ask for all documents and promise to open the account in 24 hours. I have submitted all documents but they are the people who are bug finder and asking for every other document. They will call you only to the point your cheque is not encashed. Post which you will run after them and they will not respond. I doubt how can they have registered for doing this business with such a poor quality.

I have burnt my hands and writing this so that other who are in opinion to have a trading account with cheap brokerage do not come under thier trap.

The people whom I am comminicating is :
Amit from Bangalore
Prateek from Pune.

Be aware!! All the best!!!
avatar
145. ANAND R SAMAL  Aug 28, 2015 10:51:17 PM IST Reply
I WANT LOGIN MY ACCOUNT. BUT I HAVN''''T REMEMBER THE KEY ANSWERS. SO PLZ TELL ME THAT TO LOGIN.

YOURS
ANAND SAMAL
avatar
144. EBERAJU  Aug 15, 2015 9:00:25 AM IST Reply
Friends.
Never I m p s.
only n t F s for fund transfer
avatar
143. amit arya  Aug 14, 2015 8:57:30 AM IST Reply
during intraday trading in equity brokerage is charged both side or once
avatar
142. guna  Jul 15, 2015 5:24:28 PM IST Reply
hi ALL,

i am looking for brokerage as well as opening demat and trading account
avatar
142.1. Abhishek  Jul 26, 2015 12:28:51 PM IST
Zerodha will be a good choice.

The only drawback i saw with 2-3 hours time lag between fund transfer from citibank account to appear in my demat account.
avatar
141. Pooja  Jul 1, 2015 3:43:46 PM IST Reply
Open Account with Zrodha now
avatar
140. mayura  Jun 28, 2015 5:31:12 PM IST Reply
dear sachin
can i link my icici demat ac with zerodha?
avatar
139. Sanjeev  Jun 12, 2015 4:18:21 PM IST Reply
Do you allow trading in Bonds/NCDs listed on NSE/BSE.
If yes, whether online or offline
avatar
138. sujata  Jun 10, 2015 3:21:49 PM IST Reply
Thanks for information.It is very useful information to the people who are new in share market. Find all the answers related to demat account opening and what is demat account in india.
avatar
137. vivek  Jun 9, 2015 11:21:35 PM IST Reply
kya zerodha me nifty future me trade kar skte hai..kya zerodha me stoploss aur target fix kar skte hai...
avatar
137.1. Abhishek  Jul 26, 2015 12:30:22 PM IST
Yes. all these options are available in Zerodha(both NSE and BSE). regularly them myself.

Automated trading is also available but have not used it till now.
avatar
136. tarique  May 3, 2015 1:57:44 AM IST Reply
@anupam
U can trade via NSE through Zerodha.
I hv been using NSE now app for trade though I m customer to Zerodha.
avatar
135. Anis  Apr 27, 2015 11:52:55 AM IST Reply
worst customer service ever..enquired about opening account..first off they didn''t even call ..had to myself call them and be on hold for a long time and get all the details and then afterwards they didn''t even had the courtesy of a callback.
don''t go for this broker if you are new.
avatar
134. Anupam  Apr 26, 2015 9:04:53 PM IST Reply
I want to open trading account with Zerodha. Some queries
1) Can I trade using NSE Mobile app, on nse if I open trading account with Zerodha or is it necessary that with zerodha I have to their proprietary mobile app for trading on the go. If yes , then will it be possible for me to both zerodha mobile app as well as NSE app, or just one of these.

2) Also is it necessary to begin trading immediately as soon as the account is opened with Zerodha, or we can trade some months after opening of the account.

avatar
133. kalim  Apr 14, 2015 6:23:28 PM IST Reply
Plz clear buy and sell for Rs20 or buy for Rs20 &sell forRs20.
If equity shortsell then what is charge for that.
avatar
132. Nirav  Feb 26, 2015 9:14:26 AM IST Reply
are there any charges for transferring money from bank like ICICI to tradind account? if yes then how much?
avatar
131. Girish  Jan 31, 2015 1:17:46 PM IST Reply
Hi Zerodha Team,

My question is slightly similar to below but still want to clarify once. I have Demat Account with HDFC. So if I make Zeroda beneficiary on that account will there be charges to me for this? Also, if I make Zeroda as beneficiary on HDFC Demat Account, can I buy and sell both using Zeroda and brokerage will go to Zeroda only and no brokerages to HDFC and HDFC will charge only Annual maintenance charge? Please correct me if I am wrong here. Also, HDFC has a condition that if we do more than 10 transactions/month then AMC gets reduced from Rs 750 to rs 500. So will the trades done via Zeroda as beneficiary on HDFC Demat get counted in those 10 transctions of HDFC Demat or not? Also, what will be delivery charges in transferring shares to HDFC Demat account once Zeroda is beneficiary

Thanks
avatar
130. Clint  Jan 28, 2015 5:11:12 AM IST Reply
I tried getting in Touch with Zerodha in all ways possible, However there is no response from their end. If this is the case even before i can open an account, I wonder what it would be like after i have my account open.
avatar
129. Mithun  Jan 21, 2015 1:20:08 PM IST Reply
My Kyc has processed by wrongly by the team. trading accont blocked for 3 weeks , no response from support team.. fed up.. all funds blocked in Market. need to loss book. Looking to sell all the holdings and withdraw all my money and close the account. DONT GO FOR IT. IT MAY ATTRACT YOU FOR CHEAPER RATE.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
128. raj  Jan 21, 2015 12:19:36 AM IST Reply
can we trade mutual fund through zerodha??
avatar
128.1. Guest  Jul 4, 2015 11:22:52 PM IST
No

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