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 4.36 / 5 based on 88 customer reviews
Overall Rating
Fees
Brokerage
Usability
Customer Service
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.
Demat Account Annual Maintenance Charges (AMC): Rs 400 Per Year
Special offer for Chittorgarh.com Visitors
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 Based Trades: 0.10% or Rs. 20 per trade whichever is lower
Equity Intraday Trades: 0.01% or Rs. 20 per trade whichever is lower
Equity Future: 0.01% or Rs. 20 per trade whichever is lower
Equity Options: 0.01% or Rs. 20 per trade whichever is lower (on Turnover)
Zerodha Brokerage Charges in Detail
Zerodha Charges
EQUITY Delivery
EQUITY Intraday
Brokerage
0.1% 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: 490/crore, BSE: 490/crore
NSE: 490/crore, BSE: 490/crore
Service Tax
12% on Brokerage + Transaction Charge
12% on Brokerage + Transaction Charge
Education Cess
2% of Service Tax
2% of Service Tax
Higher Education Cess
1% of Service Tax
1% of Service Tax
SEBI Charges
10 Rs/Crore
10 Rs/Crore
Stamp Charges
0.01% subject to a maximum of Rs 50
0.01% subject to a maximum of Rs 50
Zerodha Charges
Futures
Options
Brokerage
0.01% or Rs. 20/Trade whichever is lower
0.01% or Rs. 20/Trade whichever is lower
STT
0.017% on Sell Side
0.017% on Sell Side(on Premium)
Transaction/Turnover Charges
NSE: 490/crore, BSE: 190/crore
NSE: 8000/crore of premium, BSE: 2500/crore of premium
Service Tax
12% on Brokerage + Transaction Charge
12% on Brokerage + Transaction Charge
Education Cess
2% of Service Tax
2% of Service Tax
Higher Education Cess
1% of Service Tax
1% of Service Tax
SEBI Charges
10 Rs/Crore
10 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
Commodity
Brokerage
0.01% or Rs. 20/Trade whichever is lower
0.01% or Rs. 20/Trade whichever is lower
STT
No STT
No STT
Transaction/Turnover Charges
440/crore
440/crore
Service Tax
12% on Brokerage + Transaction Charge
12% on Brokerage + Transaction Charge
Education Cess
2% of Service Tax
2% of Service Tax
Higher Education Cess
1% of Service Tax
1% of Service Tax
SEBI Charges
10 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
Zerodha Charge Structure Explanation:
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: Charged at .01% or Rs. 50 per contract note whichever is lower.
Service Tax: This is charged at 12% of the total cost of brokerage plus transaction charges.
Education Cess: This is charged at 2% of the Service Tax.
Higher Education Cess: This is charged at 1% of the Service Tax.
SEBI Charges: This is charged at Rs 10 per crore.
NSE Transaction or Turnover Charges: This is charged at Rs. 440 per crore for Currency, Rs. 490 per crore for Equity & Futures and Rs. 8000 for Options (on premium).
BSE Transaction or Turnover Charges: This is charged at Rs. 490 per crore for Equity, Rs. 190 per crore for Futures and Rs. 2500 for Options (on premium).
MCX Transaction or Turnover Charges: This is charged at Rs. 440 per crore for Commodities.
Other Charges (Zerodha Hidden Fees):
Call and Trade feature is available at an extra cost of Rs 20/- per call.
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.
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.
Instant payment gateway charges for over 21 banks - Rs 9 per fund transfer.
DP charges for delivery based equity selling - Rs 8 per transaction.
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) changes for demat account transitions are as below:
ID
Transaction
Zerodha
1
Demat Account Opening Charges
Rs 300
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 transation charges subject to minimum of Rs 50 + Rs 9 (depository charges)
11
Unpledge per ISIN
0.02% of the transation charges subject to minimum of Rs 50 + Rs 9 (depository charges)
12
Pledge Invocation per ISIN
0.05% of the transation 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 determinded by our bank
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.
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-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
CDSL: IN-DP-CDSL-00278209
NSDL: IN-DP-NSDL-11496000
(Note: Information Last Updated: 3/23/2013 11:56:00 AM)
BACK OFFICE NOT THAT EFFECTIVE. NO PORTFOLIO MANAGEMENT SERVICES.
Ratings:
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.
Ratings:
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?
Which is better option for trading with zerodha? Mobile trading or web based trading?
And could you please tell me about these two options in deatil?
91.1. Chittorgarh.com Team Mar 22, 2013 3:03:59 PM IST |
Hi Shivy,
Zerodha offers 3 different ways for trading including trading terminal, website based trading and mobile trading.
It depends on you which you are comfortable using.
Most people all of them based on where they are. If you are at home trading terminal is best, if you are outside and not on your own computer you can both website or mobile trading.
If you don''t have access to any one of them, you can call & trade service.
They did not provide me leverage for intraday trades. Mobile trading doesnt support in symbian nokia n 95 series.
Ratings:
Brokerage - Excellent Account Maintenance Fees - Below Average Website Usability - Below Average Customer Service - Below Average Overall Experience - Below Average
i am living in Delhi and want to make a account in zerodha please tell me how much is the brokerage if i trade on penny stocks.Also details about ur office in Delhi
Opened a new AC in just 3 days. Good customer service. Web based trading has some negative points when you compare with Reliance web trade. This needs improvement. Reliance web trade is Good.
End of the day, Zerodhas''s phone support and brokerage are Excellent.
will the chittorgarh.com team pls kindly provide the exact timings for placing after market hours orders and from what time to what time can one modify or cancel the AMO placed orders. consider it very urgent and reply as quick as possible.
Sharekhan
Zerodha Stock Broker - 
