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Zerodha Stock Trading, Demat, Brokerage and Reviews


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Zerodha

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, wh... Know more about Zerodha

Zerodha Stock Broker Review Ratings

327 votes  Rate Zerodha

Overall Rating Fees Brokerage Usability Customer Service
Rated 3.8 stars Rated 3.8 stars Rated 4.4 stars Rated 3.6 stars Rated 3.5 stars
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37. avatar  Jun 19, 2012 16:23 Reply
Dear Sanjeev

In view of your comment ..
The brokerage & fees charged by Zerodha in case of your delivery based purchase of Rs 25000 should be around Rs 57. (I am not sure where you got Rs 187.50)...

I would like to add,that 187.50 come from (0.75% brokerage) on selling of 25000 rupee share from ICICI damate...(if I sell/ need your confirmation)

It will be bette if you confirm my doubts like..

1.At present 100 BHEL shares are in ICICI demat...if I am selling then what will be brokerage (0.75% from ICICI or 20 rupee from Zerodha ) ? since I purchased from Zerodha.

2.Does ICICI demat will charge extra money as settelment of shares in its demat account? If so then how much percentage ?

3.I know that ICICI putting AMC charges which I am paying annually.

Regards,
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36. Sanjeev  Jun 16, 2012 16:15 Reply
Hi Avatar,
I don't see any fault from Zerodha side. Reason behind this is; your Zerodha Broker Account is linked with ICICI Demat account. If you do delivery based trading, the shares will be credited back to your Demat account, which is what happed in your case and this is how it should be.

The brokerage & fees charged by Zerodha in case of your delivery based purchase of Rs 25000 should be around Rs 57. (I am not sure where you got Rs 187.50)

The itemized charges should be as below:

Brokerage (0.10% or Rs. 20/Trade whichever is lower) =      20
Securities Transaction Tax (0.125% on both Buy and Sell) = 31.25
Transaction/Turnover Charges (0.0049%) = 1.225
Service Tax (12% on Brokerage+Transaction Charge) = 2.547
Education Cess      (2% of Service Tax = 0.05094
Higher Education Cess (1% of Service Tax = 0.02547
SEBI Charges (0.0001% (or 10 Rs/Crore) = 0.025
Stamp Duty (.01% or Rs. 50 per contract note whichever is lower.) = 2.5

Total = 57.62341

What I would suggest you is do the similar transition with ICICI and see the difference. There brokerage (which is Rs 20 as above with Zerodha) will be Rs 150. Remaining taxes are same for all brokers including Zerodha and ICICI.

Hope this will help.
Sanjeev
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35. avatar  Jun 16, 2012 12:21 Reply
I open account with zerodha and also having with ICICI DEMAT. As per my best knowledge while filling the account opening form there are more than 20 signature you have to do. I signed it just to have account with less brokerage for FNO,EQUITY...than others. Last week I buy 100 Equity share of BHEL and sell 50 share next day. Since
profit was less so I decided to wait for 2 more days then to sell...After two days
It was no record in my trade book of Zerodha. I make call to Zerodha customer care..they check back office and told your BHEL shares are setteled with ICICI demat account. I checked it..and found my BHEL share. BUT....problem here start when you are dealing with MONEY...This experience left some Question behind me...

1. I feel zerodha is taking care of my equity shares...but they settled it with ICICI direct..why they not clearly told while opening account. Customer care told Now if you have to sell
then you have to sell it from ICICI demat account. So will they charge their brokerage i.e. 0.75%..
if so then I have to pay approximately 187.50 instead of 20 rupee (brokerage only) for 25000 rupee
share which I have

2. Upon aksing for demat Zerodha is telling you have to fill another form for damat...what I feel during opening account that zerodha will take care of EQUITY & FNO...so why they not clear it?
..and as one of oue colleuge told Mr. M. Pawan Kumar Feb 18, 2012 , mention that
DP Charges of IL&FS are high and services are poor

3. Why Zerodha is not having own DP account ? Why with IL&FS ?

For rest of the thing it is good.
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34. Sanjeev  Jun 3, 2012 00:21 Reply
Dear Amar,

This will be considered as 1 single trade. It upon you order and not on how it gets executed in exchange. This is similar to any other stock broker. The charge for a trade is MAX Rs 20.

In above example if you have placed an order to buy 1000 reliance share at Rs 700,

Your brokerage will be Rs 20 + taxes

It doesn't matter if the trader on BSE/NSE got executed in 10 or 20 parts as there were only small quantities were available for sale.

Hope this will help.

Sanjeev
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33. amar  Jun 2, 2012 20:46 Reply
IF MY BUYING ORDER OF 1000 QTY IS IN QUE AND SUPPOSE ORDER IS EXECUTED IN 3 Steps LIKE 300+300+400=1000 SO IS IT 3 TREADS? THAT MEANS 3*20=60 RS BUYING AND SUPPOSE SELLING ORDER IS ALSO EXECUTED IN SAME WAY LIKE 200+200+600=1000 I.E 3*20=60 SO FINALLY 60+60=120+TAXES. IS IT CORRECT?
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32. neel  May 30, 2012 13:41 Reply
Hi Jacob, Please find the link for the brokerage calculator for all the segment's...
http://zerodha.com/main/calculator/calcs.html
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31. Jacob Pereira  May 25, 2012 13:36 Reply
Can u provide the last ie. May 2012 revised brokerage calculator link for Futures and Options, both intraday and carry forward and also for equity, thanks Jacob Pereira
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30. Deebs  May 17, 2012 08:46 Reply
NSE Charges, Transaction Charges and Statutory Levies will be charged as applicable - Can any one give the detailed figures of these charges
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29. Deebs  May 17, 2012 08:36 Reply
Hi,

What are the banks supported by the payment gateways? Is CITI bank supported by the payment gateway?

Why is Rs.9 charged for using payment gateway to transfer funds into trading account? Sounds strange while others do it for free.

How to add funds into and out of the trading account?
How to withdraw funds from the trading account? Will it be credited to my account directly or Cheque or DD will be sent to the mailing address?
If Credited to bank directly,How many days should i wait for the funds to be added to my bank account?
Rs. 20 brokerage per trade - Need clarity. Which best defines the brokerage rate?
1. Rs.20 per order/transaction i.e., Rs.20 for intraday Buy and Rs.20 for intraday Sell
2. Rs.20 per intraday trade(Rs.20 for Buy+Sell)?
3. Rs.20 per scrip i.e., if i made 5 orders in same scrip, only Rs.20 will be charged or Rs.100 will be charged?

Stamp duty is maximum Rs.50 per contract note. Is there any maximum limit for Brokerage per Contract note?

There is 'No Minimum Brokerage' with Zerodha. This is helpful with small trades where 0.01% brokerage [one side] is applied - Is this mean if i buy shares of 1000 shares @ 1Re each - i still get brokerage of 10 paise only right?

What is the leverage/margin exposure given for Intraday trades? Currently my broker offers 10 times the cash in trading account.
Is stock margin available?

Can i sell the shares i bought in cash segment before it added to DP?

Any transaction amount limit for Intraday trade / Cash trade? Currently my broker restricted me for the minimum of Rs.500 for intraday trade. No minimum restriction for Cash trade.


Suitable answers appreciated.

Thanks,
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28. Prasath  May 8, 2012 07:56 Reply
Hi I am going to start the trading with zerodha from today. i will comment about the service after some couple of days.
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27. M Pavan Kumar  Feb 23, 2012 17:57 Reply
As far as their Trading account with Zerodha is concerned , no doubt, It is good. But, I feel services and charges of their DP IL& FS is not good. :-(. I request Zerodha to start DP Services also.They change History of Indian Stock Markets.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
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26. M Pavan Kumar  Feb 18, 2012 20:37 Reply
Above Average. Zerodha does not offer DP Services and Dem-at has to be opened with IL&FS. DP Charges of IL&FS are high and services are poor. SO,Finally the deal turns out to be expensive :-)

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average
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25. Ramesh Gupta  Feb 15, 2012 12:55 Reply
I am trading with icici direct.com.Seeing ZERODHA cheap brokerage i want to open an account with zerodha.
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24. CHARY  Feb 10, 2012 16:53 Reply
Hi,
Impressed with the Q & A's of the session. Pls clarify the difference between the Trading a/c and Demat a/c. If i want to invest in SIP's what is the process to avail this.
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23. hari  Jan 26, 2012 18:48 Reply
i jost oprnd a account & i am loving it.
i use to pay 500 to 1000rs brokerage to sharekhan but now ia mhappy trading in nifty options without worry about brokerage

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
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22. Ram Prasad  Dec 27, 2011 20:54 Reply
I have asked for few clarification before opening my account with them and I am happy that my mails are responded promptly.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
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21. Sachin Kamath  Dec 17, 2011 16:18 Reply
Hey Hariboy,

Thanks firstly for the comment...

As far as BSE goes, we have already done our documentation... Ideally should be up by feb, but can take a little longer as well....

Trading terminal, Along with NOW we would be offering you all a very good trading platform on which you can trade all exchanges and segments with collocated servers to give you all the best speed and reliability...

Feature wise, hopefully you are all in for a surprise... ;)

Brokerage structure will remain the same...

Brokerage 0.01%/0.1% or Rs 20 per executed order whichever is lower... Stamp duty 0.01% with a maximum of Rs 50 per contract note... We don't have a concept of fixed or variable brokerage... It is one simple charge...

http://zerodha.com/main/calculator/calcs.html Visit our calculator, put in the prices and you will know your exact contract note charges...

Cheers...
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20. Sachin Kamath  Dec 17, 2011 16:06 Reply
Hey Hari, If you are planning to do f&o trading.. you don't need a demat account as such... Just a trading account would do..

If it is equity and f&o trading that you intend to do, yes you can open a demat and trading with us... There is no need to close your integrated account as you can have multiple demat accounts.... Give us a buzz and we will explain you how it works....
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19. rahulbhai  Dec 14, 2011 10:19 Reply
Hi Sachin!

I don't think there is a share broker in the world with such unanimous positive reception, so keep up the good work. I have a few questions of mine:

---BSE Qs---

-Can please give us a date (range) when BSE trading will start?

-When BSE starts through Zerodha, will there be a different brokerage structure?

-For NSE listed securities, people use the NOW platform. How will the BSE listed securities will be traded?

-If there is a new platform for BSE, will it have features similar to NOW such as fast execution of orders along with real time monitoring?

---Brokerage Qs---
-So you charge max of Rs 20 as brokerage (variable), max of Rs 50 as stamp duty per day (fixed), etc. Can you please tell us about the maximum total brokerage & fees (all kinds) on a transaction? I would appreciate it if you gave me the figures separately for variable and fixed brokerage.

Thanks for your help Zerodha!
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18. G Arun Kumar  Dec 13, 2011 22:00 Reply
Iam really imprssed with the brokerage charges they are offering. I have applied to open an account with Zerodha. Looking forward to see good service.

Ratings:

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

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