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 Zerodha Stock Trading, Demat, Brokerage and Reviews



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.

ICICIDirect Trades In: BSE, NSE, MCX-SX, MCX

Zerodha Rated 4.30 / 5 based on 113 customer reviews

Overall Rating Fees Brokerage Usability Customer Service
Rated 4.3 stars Rated 4.4 stars Rated 4.7 stars Rated 4.0 stars Rated 4.2 stars Rate Zerodha

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 2014

  • 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

Special offer for Chittorgarh.com Visitors

Zerodha 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 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 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 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 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 12% on Brokerage + Transaction Charge 12% on Brokerage + Transaction Charge 12% on Brokerage + Transaction Charge
Education Cess 2% of Service Tax 2% of Service Tax 2% of Service Tax
Higher Education Cess 1% of Service Tax 1% of Service Tax 1% of Service Tax
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 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 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) changes 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 #:
Email:City, 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 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.
  • Citibank account can't be linked for online fund transfer.
  • Trading clients are not available for operating system Mac and Linux.

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

(Note: Information Last Updated: 11/22/2014 11:23:00 PM)

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Zerodha Reviews

        

124. vishnu  Nov 9, 2014 10:07:59 AM IST |  Reply 

I have opened my account recently in zerodha. trading platform is better than ShareKhan and Axis Direct. I had server connectivity issues in Axis and Sharekhan and i have not experienced any problems so far.

Zerodha support team was very efficient they opened my trading account in 2 working days.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Excellent

123. hemanth  Oct 29, 2014 1:29:20 PM IST |  Reply 

Overall trading with Zerodha is good experiance

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Above Average
Overall Experience - Excellent

122. Satyabrata  Oct 14, 2014 11:27:23 PM IST |  Reply 

I sent my trading and demat forms for account opening. But only my trading account has been opened and my demat account has still not been opened. I contacted my sales manager, but my query has not been answered. Plz help

121. Krishna  Oct 9, 2014 5:58:26 PM IST |  Reply 

How to buy stocks in intraday margin trading in Zerodha? Is there any documentation for this?

120. Ravi  Oct 7, 2014 4:28:55 PM IST |  Reply 

Broker - BEST in the business.
Software - Pretty bad. If it had simplicity, I would have said otherwise. This software is so immature that it might take 2 more years for the software to get better.

120.1. Zerodha  Oct 8, 2014 5:50:29 PM IST | 

Check this out Ravi: https://www.youtube.com/watch?v=Pd66QOQwykQ Sneak preview of our new trading platform. Should be released in the next few weeks.

119. lalit bora  Sep 18, 2014 12:15:26 AM IST |  Reply 

I want open in new commodities account. .sir plz tell about ncdex commodity ..and tell about which commodity come under ncdex?

119.1. Zerodha  Oct 8, 2014 5:51:40 PM IST | 

Mostly agri commodities trade on NCDEX.

118. omprakash bhandekar  Sep 14, 2014 2:00:31 PM IST |  Reply 

Zerodha is best for me. Useful to traders .
Thanks

117. Manojkumar  Jul 9, 2014 9:56:49 PM IST |  Reply 

I had interaction with the Zerodha team. Their attitude towards customers is really surprising. They are very sarCEO), but in vain. No action was taken. It doesnt matter for them whether you become or doesnt become their customer.

117.1. Zerodha  Oct 8, 2014 5:52:41 PM IST | 

Manoj,

Do let us know if you faced any trouble opening an account.

116. M A A Siddiqui  Jun 14, 2014 12:57:34 PM IST |  Reply 

Does Zerodha provide trading service to NRI account holder?
If so, how to open account? Could someone advise?

115. Rahul Khanna   Jun 12, 2014 12:47:25 PM IST |  Reply 

Zerodha is better than other broker, brokerage is very low, low maintenance, it has flat brokerage charge 20 rs per trade.

114. V  May 28, 2014 2:41:15 PM IST |  Reply 

I have been using zerodha for almost a year now. Brokerage rates are definitely one of the best in India. The customer service is also really good. I have contacted them a couple of times through e-mail and they promptly responded and fixed my issues. However, there are a couple of problems with their software:

- Sensex and nifty tracking is not possible.
- The buy prices of your shares are NOT shown.
- Everyday, the buy prices of your options are to the opening rates of those options. So, if you buy something at Rs. 10, hold it for a day, and if it opens at Rs. 15 the next day, you buy price will be shown as Rs. 15. So, if the current price is Rs. 13, the software will show a loss of Rs. 2000 instead of showing a profit of Rs. 3000. If you don''t realise this, it could lead to a disaster.

114.1. V  May 28, 2014 2:43:26 PM IST | 

Everyday, the buy prices of your options are reset* to the opening

113. Praveen  May 12, 2014 5:29:45 PM IST |  Reply 

The best thing is Zerodha is only discount stock broker in INDIA allowing Bracket Order............ And for trading in Nifty and BankNifty one need only 6000 using Bracket Order.

Cheers!!!!!!!!!

113.1. Vivek  May 13, 2014 3:19:03 AM IST | 

Hi Praveen,

RKSV who now offer similar plan of Rupee 20 trade also allows bracket orders with a trailing stop loss.

Vivek

112. Nikhil B  Apr 1, 2014 4:42:13 PM IST |  Reply 

This is my Third Broking hoand i can say this with surety that Zerodha is the best trading platform i have ever used if you dont require any research work from zerodha. Just little bit of technical knowledge and u will manage all your trading,fund trasfers, withdrawls of your own.
Charges are very less that too in few rupees even if you are doing trading in lakhs.


Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average

111. Balaji  Mar 10, 2014 6:35:08 PM IST |  Reply 

Hi All,

How much is the HDFC NRE PIS account charges while trading from Zerodha. There is not clear picture on this matter - Zerodha official also not sure about it. As it varies from back to bank.

Zerodha support HDFC NRE PIS for NRE customers.

110. Anonymous  Mar 7, 2014 7:16:56 PM IST |  Reply 

I recently downloaded Zerodha''s application form. I came across
a) running account authorization page, wherein it was mentioned that securities will be retained by them unless we instruct to transfer the same to our A/c. Also securities A/c will be settled once monthly/quarterly &
b)All Securities shall be subject to lien

Query

a)When payment has to be made upfront why should securities be retained by them &
b)Securities being subject to lien is being done only by Zerodha (at least not being done by its nearest competitor)

Request somebody to please clarify on the same



109. N.C.Mardy  Feb 21, 2014 11:17:24 AM IST |  Reply 

Please help me. I have micromax A110. Can I trade with zerodha trading platform ? becaI am going to open demat a/c with zerodha.

108. YASH GARG  Feb 20, 2014 9:49:26 AM IST |  Reply 

Very Bad Experience ...
Worst Software .
Worst Funds transfer way...

I like SASONLINE.in - awesome experience with it...!!!

107. raffi  Feb 9, 2014 11:08:01 AM IST |  Reply 

IF I USED ZERODHA BEFORE 4 YEARS I WOULD''VE SAVES 100000 RS FROM BROKERAGE ITSELF

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

106. Netmafia  Dec 29, 2013 11:04:09 PM IST |  Reply 

Brokerage is ok

The need to bring new plans like rksv like 1947 a month unlimited trade

105. Kanchan  Dec 20, 2013 10:34:25 AM IST |  Reply 

These charges are applcable for intraday trading also?

For transaction charges

Sell(Debit) Rs 8 + NSDL Rs 5) flat for every debit transaction

For interdepository transfer
Sell(Debit) Rs 8 + NSDL Rs 5) flat for every debit transaction

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