Zerodha Stock Trading, Demat, Brokerage and Reviews 2016


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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 trades which is free). 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

Special Offer: Rs 100 off on account opening fee for limited time. Get the offer.

Zerodha Rating (by the customers)

179 Votes

Overall Rating Rated 4.2 stars 4.2/5
Fees Rated 4.2 stars 4.2/5
Brokerage Rated 4.6 stars 4.6/5
Usability Rated 3.8 stars 3.8/5
Customer Service Rated 4.0 stars 4.0/5

Do you trade with Zerodha? Rate Zerodha

Zerodha's Trading Platforms

A customer can trade with Zerodha in following 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. Web based trading platform - Kite -Launched in November 2015, Zerodha KITE is a web based HTML 5 light weight platform which can be used for trading on mobile, tablets as well as browsers. Using KITE paltform one can trade in language of their own choice. Zerodha has launched this platform in 10 languages which makes trader more confortable as most of the time english is not their primary language. Initially it was available in kannadda and now available in English, Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujrati and Punjabi.
    Zerodha claimed "KITE" is light weight and uses 175th of the internet bandwidth comparision to traditional trading platform. It has advanced technical anlysis charting with over 100 charting indicators and unlimited data for all stocks. KITE searches through 70,000 stocks across multiple exchanges.
  3. Zerodha Mobile - A smart phone application for Android and BlackBerry. This app allows customers to trader from their mobile phones.
  4. Zerodha Pi - Launched in July 2015, PI is zerodha's new and unique software featuring advanced charting, Algos, strategies, & backtesting. It's available for free to all zerodha's clients. They have 10 chart types with over 80 indicators. Using this software trader can view up to 50,000 candles based on their system speed and configuration. They have inbuilt strategies and quick order entry screen so you can creat your own strategies, back test them and trade directly from chart.
  5. 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.

Trade Mutual Fund with Zerodha

Recently Zerodha has added new feature of trading in mutual fund which was one of the great element missing with discount brokers. If you are an existing client of Zerodha you don't need to register to buy/sell mutual funds. All Mutual Fund investments made through Zerodha are totally free means there is no brokerage, execution costs, or hidden fees. You only have to pay for the units of mutual funds you purchase, once purchased you can track the NAV of your mutual fund directly on the MF platform or Q. Trader can start investing in mutual funds in demat form along with stocks, ETFs, commodities, and currency with Zerodha.

Zerodha has an online order placement and confirmation facility for their clients to buy and sell mutual funds directly from their platform with just a few clicks. Zerodha's mutual fund platform is directly connected to the exchange so you can execute your buys and sells faster than the conventional mechanism. Only SEBI regulated mutual funds are available for investment through Zerodha so you can be sure about what you're purchasing.

Special offer for our website visitors

Zerodha Discount

Rs 100 Off on Online Account Opening

Get Rs 100 discount when you open online trading account with Zerodha. Simply leave your contact information with us and Zerodha representatives will call you.

Zerodha Brokerage Charges 2016

  • Trading Account Opening Charges (One Time): Rs 300
  • Demat account Opening Charges (One Time): Rs 100
  • Trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Annual Maintenance Charges (AMC): Rs 300 per year (payable upfront)

Trading Brokerages

  • Equity Delivery Trading Brokerage: Rs 0 (Free Unlimited Equity Delivery Trades)
  • 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 Rs 0 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 15% on (Brokerage + Transaction Charge) 15% on (Brokerage + Transaction Charge)
SEBI Charges 20 Rs/Crore 20 Rs/Crore
Stamp Charges* State wise State wise
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 0.05% 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 15% on (Brokerage + Transaction Charge) 15% on (Brokerage + Transaction Charge)
SEBI Charges 20 Rs/Crore 20 Rs/Crore
Stamp Charges* State wise State wise
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 15% on (Brokerage + Transaction Charge) 15% on (Brokerage + Transaction Charge) 15% on (Brokerage + Transaction Charge)
SEBI Charges 20 Rs/Crore 20 Rs/Crore 20 Rs/Crore
Stamp Charges* State wise State wise State wise

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 based on the state where customer lives. Visit Zerodha website to check the stamp duty in your state.
  • Service Tax: This is charged at 15% 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 also provide Demat account DP services. Zerodha's charges for demat account transitions are as below:

ID Transaction Charges
1 Demat Account Opening Charges Rs 0
2 Stamp Charges payable upfront (at actuals) Rs 50
3 Annual Maintenance Charges (AMC):
  a. Individuals Rs 300 Per Year (Payable upfront every year)
  b. Corporates Rs 1000 (Payable upfront every year)
4 Transaction Charges per ISIN (Market Trades):
  a. Buy (Receive) Rs 0
  b. Sell(Debit) Rs 8 + Rs 5.50 flat for every debit transaction
5 Inter Depository Transfer (Off-Market Trades):
  a. Buy (Receive) NIL
  b. Sell(Debit) 0.03% or Rs 25 whichever is higher
6 Demat (Per certificate) Rs 10
7 Remat (Per ISIN) Rs 15
8 Courier charges per Demat/ Remat request Rs 50
9 Pledge per ISIN Rs 20 + Rs 12 (depository charges)
10 Unpledge per ISIN Rs 20 + Rs 12 (depository charges)
11 Pledge Invocation per ISIN Rs 20
12 Periodic Statement:
  a. By Email Free
  b. Physical Rs 50 (Couier Charges)
13 Adhoc / Non Periodic Statement Requests:
  a. By Email Rs 10 per request
  b. Physical Rs 50 per request (up to 10 pages). Additional page at Rs 5 + Rs 50 (Couier Charges)
14 Delivery Instructions:
  a. First Delivery Instruction Book Free (10 leaves)
  b. Every Additional Booklet Rs 100 (10 leaves)
15 Cheque Bounce/ Per cheque Rs 350
16 Failed Transactions Rs 50 per transaction
17 Modification in CML Rs 25 per request
18 KRA Upload / Download Rs 50

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
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Are you a day trader?

Zerodha Pros and Cons

Zerodha Advantages

  • Zerodha offer equity delivery trades for free. This mean you don't pay any brokerage when you buy shares using cash-and-carry (CNC). CNC are delivery trade using CNC with no leverage. Once bought, shares will get delivered to your demat account and if sold, shares will get debited from your demat account.
  • 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 or Rs 2 on every trade executed by your referral. 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 and Currency F&O segment. Over 1000 approved securities (Stocks & ETFs) are available to get collateral margin.
  • 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 gives facility to invest in Mutual fund which generally doesn't offer by any discount broker.
  • Zerodha Number of Customers: Above 75,000 (as of Mar 2016).
  • Zerodha daily turn over: Rs 7000 Cr

Zerodha Disadvantages

  • 3-in-1 trading account is not available as Zerodha doesn't provide banking. Any online bank can be linked to Zerodha trading account.
  • Zerodha doesn't provide facility to invest in IPO, FPO and Offer For Sale (OFS).
  • Call & Trade is available at additional Rs 20 per executed order.
  • 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.
  • Trading clients are not available for operating system Mac and Linux.
  • Zerodha doesn't offer trading in currency derivatives at BSE. BSE low transaction charges in this segments makes currency trading with BSE really cheap in comparison to NSE. NSE levies a transaction charge of Rs 110 on turnover of Rs 1 crore while BSE charges Rs 10 per crore.

Zerodha Complaints received at BSE / NSE:

Number of customer complained against Zerodha share broker. The Zerodha consumer complaints provide the summary of grievance which went to exchange for resolution.

Zerodha consumer complaints
Exchange Financial Year Number of Clients * Total Complaints **
BSE 2015-16 5,377 3
NSE 2015-16 61,970 25
NSE 2014-15 30,379 17
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.

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

Whats new at Zerodha?

Date: 01 Dec 2015

Zerodha to offer brokerage free (Rs 0 brokerage) Equity Delivery Trades.

Date: 4th Sept 2015

Zerodha has launched its own DP business (Demat Account Services).

New Trading Account and Demat Account (T&D) forms, and only demat forms have both been updated on its website.

Zerodha will charge Rs 100 for demat account opening. The AMC is Rs 300, but we will collect it at end of the year.

Account opening fees detail:

  1. If a client is printing the T&D forms, Rs 200 for Trading + Rs 100 for Demat, total Rs 300.
  2. If a client is filling our forms, Rs 300 for trading + Rs 100 for demat, total: Rs 400
  3. If a client opts for priority, Rs 350 for trading + Rs 100 for demat, total: Rs 450

DP charges: Rs 8 + Rs 5.5 (CDSL)

For all those clients who already have trading account with Zerodha and want to migrate to Zerodha demat account, demat forms are available in the download section of our website. No account opening fees for demat for existing clients. Clients with existing ILFS demat accounts can send a closure letter along with new Zerodha demat account opening forms.

Also from now, if someone is opening only T&D or T&D&C only one copy of PAN and Address proof is required.

Onboarding clients from now should be a much better user experience.

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
198. AJIT SINGH  Aug 20, 2016 12:46:34 PM IST Reply
GOOD SERVICE BUT NEW INVESTOR KY LIYE KUCH MARKET RESEARCH YA ADVICE HO TO TRADE LANE MAI HELP HO SAKTI

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Excellent
avatar
197. Satyanarayana Nalluri  Aug 10, 2016 5:17:37 PM IST Reply
Zerodha, the most un-reliable broker. I agree they charge less but the service is third-class. Lots of wrong information in their site. I have lost money by looking at their mutual funds information and believing that there is no exit load for a fund. But when I redeemed they quietly said there is an exit load and deducted money.

Also they are asking me to deal with CDSL directly if i purchase shares/mutual funds directly.

Waste customer care, they provide standard copy-paste replies. which is not useful.

Don''t get in to the trap of cheap brokerage.

Regards,
Satya
avatar
196. Satyanarayana Nalluri  Aug 10, 2016 5:11:39 PM IST Reply
Loats of mis-information. There are no hidden charges but lots of hidden service flaws. Also it is not reliable, we can''t believe any information provided in zerodha account after logging in.

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
195. gourav jain  Aug 5, 2016 10:33:36 AM IST Reply
I am following up with their sales representative and manager to open my account since last 70 Days but they just replied today they will collect the form or tomorrow they will collect the form.



Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Below Average
avatar
194. Vipul Goyal  Aug 3, 2016 3:00:29 PM IST Reply
Not as good as what I heared about zerodha in all newpapers and media. Have recently opened an account at Zerodha and sharing my experience.

Cons:
1. Doesnot provide margin facility even on DP holdings
2. When u transfer the funds thru their portal, the balance doesnot reflected. Everytime you have to make a call to Customer care and they do it mannually. Really time consuming and till that time, u can never put your orders (as no margin facility) and the prices also tends to change meanwhile.
3. At times their call center are too busy and when u have dependency on them only like the situation mentioned above, u are left with nothing.
(I myself have tried to reach one of the representative for the funds related issue and she reverted back after 2 hours).
(personally expreienced 2 out of 3 times the same problem)

Advantage:
Only low brokerage and nothing much.

avatar
193. RS  Jul 30, 2016 3:27:27 PM IST Reply
Excellent brokerage in EVERY respect as compred to very bad experience with ICICIdirect and HDFCSEC (my earlier brokers).

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
192. Sooraj  Jul 23, 2016 11:46:27 PM IST Reply
I use Zerodha from over a year now and every day i have my trust build upon the dedication and energy they put together to innovate and satisfy every customer, cheers and keep the good work :)

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
191. Raj  Jul 20, 2016 10:40:48 PM IST Reply
There is more to it than just fees or costs. The data feeds are pathetic and incorrect several times a day. How can one make profit when the data feed itself is not 100% accurate. The customer care over a period of time has become arrogant and having a lack of knowledge about their own products as well as general trends in trading stock markets.
Algo trading comes at a high cost of Rs 500 per month for only enabling the option in the backend system 1 time. If you use the web platform, they are asking traders to do software programming tasks by way of APIs for which they are charging Rs 2000 per month. This is like highway robbery and cannot be recommended as an honest brokerage firm .. just my opinion

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
190. Arun  Jul 20, 2016 6:52:10 PM IST Reply
Do they provide margin trading? Plz reply asap. Thank u in advance
avatar
189. Aj  Jul 14, 2016 12:41:59 AM IST Reply
Brokerage is getting more and more increased Day on Day
Brokerage Charge
Seperate Transaction Charge
Service Tax
Swach Bharath Cess
Stamp Duty
Security Transaction
avatar
188. Arun Jacob  Jul 1, 2016 11:26:55 AM IST Reply
Nice to work with it its rocking

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
187. vaibhav  Jun 29, 2016 2:19:16 PM IST Reply
How to Invest in IPO using Zerodha.
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187.1. Ritesh  Jul 13, 2016 2:59:48 PM IST
You cannot invest in IPO in Zerodha
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186. Dahale S S  Jun 22, 2016 7:17:31 PM IST Reply
facilities provided, alongwith making a trader / investor aware of trading and investing is WONDERFUL( NOTHING TO Do with....SILLY RECOMMENDATIONS, like BIG DADDY BROKERS) " Jiyyo Zerodha , badhho Zerodha , chota Mal lagaao, Bahut Dhandaa Karro, dher sarra munaffa pao"
avatar
185. Prasanna Clifford Kumar  Jun 21, 2016 11:31:34 AM IST Reply
Hi,

Can I trade online, Equity segment.
How much margin you provide for Intra day and buy & delivery.
avatar
184. Sundar  Jun 8, 2016 1:49:18 PM IST Reply
My experience with Zerodha's account opening process


I wanted to open new account & contacted zerodha. They have sent application form in my email id. After going through the form as a new entrant i was having questions to be clarified. I contacted them they gave the line to one Mr.Asif. He also told that whatever the clarification is there he can provide. But on my third enquiry he started telling the following

1. he is a sales person he doesn''t know the details
2. You put the signature wherever required & we will fill up the form.
3. i told that i want to understand the details if you are not aware you please give to any technical person, then he told you fill up the form in online & send it to us

I want to get clarification from zerodha 1. Signature is taken with a condition that everything is explained to the client but when we ask question the reply is i don't know and don't even have the courtesy to forward the call to a person who knows the technicality

when i asked whom i have to contact the next level he told i am the highest level is this the way to behave with the customer.

I am really upset with the way i have been handled by mr asif

As per SEBI guidelines broker has to explain all aspects in detail & get the signature of the customer for that.

My mother is having a icicidirect account. since she was involved in intraday more the turnover has crossed more than crore. I found the brokerage was heavy there. I was in the opinion that after seeing the service i can shift that account also to Zerodha but my before entry process itself has given me a bad experiance
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183. badshah  Jun 3, 2016 10:29:05 AM IST Reply
no zerodha is not at all discount broker . they charge stamp duty @ 50 rs per contract you got it right fifty rupees per contract in this sense if they aren''t charging brokerage everything is settled in stamp duty . so I don''t found zerodha useful as discount broker as its total brokerage is at par with icici or axis securities . so my friends just don''t cum to this coclusion tht it is discount broker . no its not
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182. SUNDEEP  Jun 3, 2016 9:09:36 AM IST Reply
I was thinking to open an account , but reviews let me to g for full service company.
I want to ask
Rs 20 per order by phone.
back office not integrated to trading platform
Gtc and Gtd orders not for equity cash seg.
DOESN''T PROVIDE MARGIN FUNDING.
NOT PROVIDING MARGIN AGAINST SHARES IN EQUITY CASH SEG
avatar
181. Ankit Shah  Jun 2, 2016 3:14:29 PM IST Reply
The sale agent stopped picking up calls after account was opened. I had sent all the documents signed correctly yet they did not open my account saying that one signature is missing.

Ratings:

Brokerage - Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
180. Shabu Kumar Monystellabai  May 28, 2016 9:53:38 AM IST Reply
As of now it is very good. Waiting for Zerodha Pi Software to be updated. :)

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
180.1. Hitendra Patel  Jun 2, 2016 2:51:59 PM IST
I am big loss in bracket order so please carefully in PI.
avatar
179. Indira  May 3, 2016 11:50:38 AM IST Reply
Zero brokerage for Equity delivery. No nuisance call recommending this and that unlike other brokers. Customer support is kind of ok, we can tolerate due to other pros. It is worse with other full service broker that I have ended up losing money and hence zerodha is much better. Transparent pricing. If any issue upon escalating it gets sorted out. With other full service broker that is not the case and hence would recommend zerodha for long term investors.

Ratings:

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

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