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Yes, Zerodha is as safe as any other stock broker in India. Zerodha is a genuine and trusted stock broker. They are among the lowest risk broker for the following reasons:
While opening an account with the broker, a customer is generally concerned about the safety and security of their funds and stocks lying with the broker. However, Zerodha is safe from all the aspects in reference to the above.
Zerodha is a SEBI registered stock broker and a member of NSE and BSE. The broker has all the genuine certifications to conduct the broking business. The transactions of the broker get scrutinized by SEBI and stock exchanges at a regular frequency and are penalized heavily in case of any wrongdoings. Moreover, the broker does not do proprietory trading. Thus, there is no risk of client money getting used for other purposes. Zerodha being a member of the CDSL depository, the Demat account safety is taken by CDSL and the broker acts as a mere facilitator for the transfer of securities.
Topic: Zerodha - Is it safe or not?
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