Zerodha
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36.01% 1,206,812 Clients
Incorporated in 2010, Zerodha is a Bengaluru based online discount broker. The company offers online stock broking services in equity, currency, and commodities across NSE, BSE, and MCX.
Zerodha is the largest stock broker in India by active clients. It has over 8.40 lakh clients from across India. The company contributes to over 10% of all Indian retail volumes from the stock market.
Zerodha is popular among the trading community for its low brokerage fee and highly advanced trading tools. It charges zero brokerage fee for equity delivery trades and Rs 20 or 0.01% (whichever is lower) per order on intraday trades across equity, commodity, and currency.
Zerodha offers a range of trading platforms and tools for traders to analyze and trade. It leverages new technologies to power its trading platforms and is known for introducing new trading features.
Zerodha is a member of Central Depository Services Limited (CDSL) and offers depository services such as demat account opening and other related services. It also offers online investment services in Mutual Funds and Fixed Income Bonds.
Zerodha offers a range of trading software and tools to its customers. It has also partnered with other companies to provide 3rd party platforms to its customers. Various platforms and tools offered by Zerodha includes-
Kite 3.0 is a powerful web-based trading platform offered by Zerodha. The platform is built in-house by the company and offers a fast and reliable trading experience to traders. It has a range of new and essential features such as-
Zerodha Kite 3.0 is an advanced trading platform with a range of features. Traders who are new to the platform would need some understanding of the various features and functionalities of the platform to use it. Zerodha Kite 3.0 User Manual explains all the features of the Kite platform in a simple way.
Zerodha customers can learn about Kite 3.o platform by visiting this page.
Kite Mobile is a mobile trading app developed by Zerodha. The mobile trading software brings Zerodha's flagship trading platform Kite Web on Android and iOS smartphones. Zerodha customers can download the mobile app and use it to analyze and trade. The app offers many essential trading features such as-
The Zerodha mobile app is available for Google Android and Apple iOS smartphones. The Zerodha trading mobile software can be downloaded for free from:
Zerodha Coin is a mutual fund platform that lets you invest in various funds online. Investors can directly invest in mutual funds from the companies at zero commission. Various features of the mutual fund platform from Zerodha includes-
Coin is also available as a mobile app for Zerodha customers. The Coin mobile app provides you with convenience to invest in 3000+ mutual funds from 34 fund houses directly at zero commission. The app offers all the features available in the web-based platform of the Coin.
The Zerodha Coin mobile app is available for Google Android and Apple iOS smartphones. The Coin app can be downloaded for free from:
Console is the back-office platform of Zerodha. It's a trade and reporting dashboard offering a range of features to Zerodha customers such as:
Sentinel is a cloud-based, machine-independent tool for setting up price alerts on stocks and contracts. The tool allows traders to set up price alerts that can be triggered for any time and even when your computer is off.
The Zerodha's Dial-N-Trade facility allows you to place buy/sell orders over the phone. You need to dial the dealing desk provided on the company's website and a company executive will place the orders. The facility is charged at Rs 20 per executed order.
Zerodha is a leading online discount broker offering commodity trading services at MCX and NCDEX. Zerodha trading platform for commodity includes:
Zerodha commodity trading software download is available on its website. Steps to download the Kite Mobile App has explained above.
Zerodha offers currency derivatives trading at BSE and NSE exchanges.
Customers can use any of the available Zerodha trading software online to trade in currency futures and options.
Zerodha also provides a range of online trading calculators to its customers. The online trading calculators are useful in quickly calculating brokerage fees and margin etc. Trading tools offered by Zerodha includes-
In addition to its proprietary platforms and trading tools, Zerodha also gives its customers access to several partner products (developed and owned by other companies) like-
A smallcase is a portfolio or collection of stocks and ETFs built around a single idea, strategy or theme. A smallcase includes between 2 to 50 instruments. It allows you to invest in all the stocks included in a specific smallcase, monitor and manage it with one click. The product can be integrated with your Kite 3.0 platform and operated using your Zerodha account.
One-time fee of ₹ 100 + GST per smallcase (no additional fees for investing more in the same smallcase). There's no fee for Weather Investing and Smart Beta smallcases. All other orders have a fee of Rs. 50 + GST. Standard brokerage charge is also applicable.
You can watch the Zerodha Smallcase Demo Video here- https://smallcase.zerodha.com/
It is a cloud-based platform for retail traders to create trading algorithms without coding, Backtest them on historical data and deploy them to live in the market. Some of the major features of the Zerodha streak algo trading platform includes-
Zerodha Streak Free Trial is available for a 7 day period. During the free trial period, you can do 20 backtests and 2 live deployments of strategies at a time.
Customers have to pay a monthly fee depending on the chosen plan. There are 3 plans available Basic, Premium and Ultimate at a monthly fee of Rs 500 + GST, Rs 900+ GST and Rs 1400+ GST.
Sensibull is an options trading platform. The platform is available for customers of several stock broking companies including Axis Direct, Kotak Securities, Edelweiss, ICICI Direct, Upstox and Karvy stock broking etc.
The Sensibull platform suggests a list of strategies based on your market view. For example, let's assume you think SBI share price is going to stay between 280 and 300 this week. But you are not sure which option strategy to deploy to profit. Sensibull will give you suggestions with a list of strategies on the type of option to buy, at what strike and expiry date with return potential and risks involved in each strategy. You can also customize the strategy by tweaking a few parameters as per your needs. Other features of the Sensibull platform include-
Sensibull is one of its kind platform for Option Trading strategies. It would take some learning for traders to master over its various features. To know how to use sensibull and learn in detail about various features, please visit- https://sensibull.com/docs/index.html
There are 3 subscription plans for Zerodha Sensibull- Free, Lite and Pro. The Zerodha Sensibull Free version has limited features. The Lite and Pro versions are available at Rs 800 and Rs 1300 per month.
StockReports+ is a research and analysis product from Thomson Reuters. It gives you access to research insights of 3000+ stocks. Major features of the StockReports+ include-
Zerodha StockReports+ is available in 3 pricing plans- 1 Month subscription at Rs 150 / month, 6 Months subscription at Rs 135 / month and Yearly subscription at Rs 120 / month.
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
Yes, Zerodha Kite is available for free to customers. The trading platform offers many advanced features such as universal instrument search, Charts with 100+ indicators, studies, and tools, GTT (Good Till Triggered orders), etc.
CNC is an abbreviation for Cash and Carry. It is an order type used for delivery-based orders. If you want to buy a stock and want to hold it for more than 2 days then you need to use the CNC order type. Zerodha offers brokerage free delivery trading which means all CNC orders are free of brokerage.
MIS is an abbreviation for Margin Intraday Square off. It is an order type used for Intra-day orders in equity and F&O. The MIS orders are squared-off automatically at the end of the day if they are not settled by the customer during the day. Note, Zerodha charges an additional ₹20 per executed order for intra-day positions squared-off by the system.
NRML in Zerodha stands for NORMAL orders. These orders are used for delivery based trading wherein you want your shares/contracts to be credited in your demat account and hold it for more than 2 days.
A Zerodha Cover Order (CO) is a type of order used to minimize the risk in a position in intra-day trading. In the case of CO, two orders are placed together as one order. The buy/sell order is placed with a compulsory Stop Loss order in a specified range.
Note:
LMT in Zerodha stands for the LIMIT order. It is an order to buy/sell shares or contracts only at the desired price. The LMT order is set below/above the CMP (Current Market Price) depending on whether you're buying/selling the order.
Yes, Zerodha allows BTST (Buy Today Sell Tomorrow) orders. It is a facility wherein you can buy a stock today and sell it tomorrow (before you get the delivery of the shares). This allows you to gain from a short-term price increase in stock.
To do BTST trade, you have to buy a stock using CNC product type (delivery trade) and the next day sell the stock using the CNC product type.
Note:
IOC stands for Immediate or Cancelled Orders in Zerodha Kite. IOC orders allow customers to buy or sell a security as soon as the order is released into the market, failing which the order is cancelled.
IOC orders are designed to be executed immediately or it is automatically cancelled. A partial match of the order can be executed with an unmatched part getting cancelled.
AMO in Zerodha Kite stands for After Market Orders. It is a facility provided for people who can't actively track the markets from 9:15 am to 3:30 pm. Zerodha AMO orders can be placed only during the following time duration:
Note:
GTT in Zerodha Kite stands for Good Till Triggered orders. Orders placed under GTT get executed anytime (within 1 year) when the price set by the trader is reached. This gives your order a longer validity period. These orders can be cancelled by the trader at any time.
For example, Infosys is currently traded at ₹780 but you would like to buy it for ₹700. In this case, you can place a GTT order which will remain active until the price reaches 700 (or 1 year).
Similar to GTC (Good-till Cancelled) orders or GTV (Good-till valid) orders, the GTT order is very useful for the customer who does not track the markets actively.
A Stop Loss (SL) order in Zerodha is used to minimize the extent of losses in intra-day trading. The stop-loss orders are placed along with buy or sell orders. Zerodha automatically executes the SL order once it reaches the set price of the stock.
So for example, if you have bought a stock at ₹200 and you want to limit the loss at 190, you can place an order in the system to sell the stock as soon as the stock comes to 190. Such an order is called a 'Stop Loss', as you are placing it to stop a loss more than what you are ready to risk.
There are 2 types of Stop-Loss orders in Zerodha Kite:
A Stop Loss Order (SL) is used to minimize losses by a trader and is placed alongside a buy order. The SL order is executed when it reaches the price set by the trader. A trailing stop-loss order in Zerodha is set as several ticks rather than a fixed price. The stop loss moves up/down by the number of ticks set by the trader depending on the price movement.
Yes, Zerodha allows short-selling of shares. However, like short-selling with any broker, you have to buy back the shares or square off your position by the end of the market hours. If you fail to buyback or square off then you have to pay penalties.
Zerodha Kite Market Depth enables you to see the best 5 bids and offers for stock or contract in the selected exchange. To open the market depth, go to Market Watch and move the mouse over the scrip or select & hit D in your keyboard. It provides an overview of the levels at which most orders are placed.
The T1 in Zerodha holdings is for those shares that you've bought but are not yet credited into your demat account. It takes T+2 days (T being the trading day) for the shares to be credited into your demat account. T2 shares are those shares that are credited to your demat.
Zerodha Kite Connect is a set of APIs built on top of the Kite platform. It allows investors to get programmatic access to the platform and its data to build trading platforms as per their own needs. Kite Connect comes at a subscription of ₹2000 per month.
Validity in Zerodha Kite means the time till an order placed is valid. There are options like Day orders (valid till the end of the day), Immediate or Cancel orders and GTT (Good Till Triggered orders).
Payin in Zerodha Kite is the funds transferred by the customer from his bank account into his trading account. The transferred amount is shown in the 'pay in' column on the website. The amount is also added to the 'margin available' column.
Withdrawable balance is the amount you can transfer back to your bank account from the trading account. For equity, it is calculated as:
Withdrawal balance = (Available balance) - (today's and yesterday's stock holding sell value) - (today's and yesterday's intraday profits) - (today's F&O profits) - (present day's payin).
Zerodha free cash is the funds available in your trading account which can be used for placing new buy/sell orders. Free cash is calculated as:
Free Cash = Cash margin Available + Pay In + Direct Collateral - Margin Used
LTT in Zerodha is an abbreviation for Last Traded Time. The last traded time shows when a particular share or contract was last bought or sold. It helps traders know the demand for a particular share on a particular day.
LTP in Zerodha is an abbreviation for Last Traded Price. LTP means the price at which the stock was last traded. The LTP of stock gives a hint to a trader on the direction of price movement. The LTP is different from the Closing Price of the stock.
Disclosed quantity in Zerodha is a part of the actual quantity you want to disclose in an order. The disclosed quantity will be shown on the market screen. However, during execution, the actual quantity of the order is executed. It cannot be greater or equal to order quantity and less than 10% of the order quantity.
P&L stands for Profit and Loss Statement in Zerodha. It provides detailed information on the profit or losses incurred by you in your trades. The P&L statement can be accessed from Zerodha Console, a back-office website. The Zerodha P&L takes into account keep track of corporate actions, splits, and transfers.
As per SEBI guidelines, every broker must transfer any excess funds lying in your trading account back to your bank account once in a quarter. However, he can retain funds for the margin requirements of open positions. If funds retained, Zerodha needs to send an explanation which is called 'Retention Statement'
RMS in Zerodha is an abbreviation for Risk Management System. It is software that defines margin rules to ensure that traders don't default on payments & delivery of their orders. All orders placed by the customers go through the RMS software which approves or rejects orders based on multiple factors associated with risk in the trade.
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Zerodha GTT Order (GTC Equivalent) ExplainedInformation on this page was last updated on Wednesday, January 29, 2020
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