Free Trading + Demat Account

Zerodha Customer Reviews, Complaints and Feedback (Page 19)

10.37% 979,241 Clients

Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed order, whichever is lower, irrespective of the number of shares or their prices (Except equity delivery trades which are free). With Zerodha, maximum brokerage you pay for any transaction is Rs 20 for an order (of any size and in any segment). Zerod... Zerodha Review
Special Offer: Free equity delivery trading (truly no brokerage) and Flat ₹20 Intraday and F&O trade brokerage. Get the offer

Zerodha Ratings

Overall Rating Rated 3.8 stars 3.8/5
Fees Rated 3.8 stars 3.8/5
Brokerage Rated 4.4 stars 4.4/5
Usability Rated 3.6 stars 3.6/5
Customer Service Rated 3.5 stars 3.5/5

Based on 351 Votes by Zerodha Customers

Do you trade with Zerodha? Rate Zerodha


29. Deebs  May 17, 2012 08:36 Reply

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.

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.
M Pavan Kumar
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.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
M Pavan Kumar
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 :-)


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Average
Overall Experience - Above Average
Ramesh Gupta
25. Ramesh Gupta  Feb 15, 2012 12:55 Reply
I am trading with icici ZERODHA cheap brokerage i want to open an account with zerodha.
24. CHARY  Feb 10, 2012 16:53 Reply
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.
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


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


Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Above Average
Sachin Kamath
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... Visit our calculator, put in the prices and you will know your exact contract note charges...

Sachin Kamath
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....
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!
G Arun Kumar
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.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
17. Hariboy  Dec 13, 2011 10:26 Reply
I wish to open account with Zerodha for on line trading, but I have demat account with Integrated Enterpsies India limited.

Can you please suggest the way I can trade through Zerodha?

Do I have to cancel demat account in Itegrated Enterprise India and open the same in Zerodha or is it possible for me to just open another demat account in Zerodha.



Sachin Kamath
16. Sachin Kamath  Dec 7, 2011 19:41 Reply
Stamp duty charges would be 0.01% on the contract turnover but with a maximum of Rs 50 per day... This applies to all kind of trading, equity, f&o and commodities...

Sachin Kamath
15. Sachin Kamath  Dec 7, 2011 19:40 Reply
Yes you can link your hdfc demat...

we dont' have any concept of minimum charges... even if you trade penny stocks, you would pay 0.01% or Rs 20 whichever is lower...

BSE should be up in a couple of months...
Sri Ram
14. Sri Ram  Dec 3, 2011 07:05 Reply
Hi Sachin ,

Could you please elobrate what are the stamp duty charges.
Is it 0.01% of the total turnover or some thing else-
And is it same for Intradau and delivery.
Greed & Fear
13. Greed & Fear  Dec 2, 2011 14:55 Reply
What if I purchase a 0.10 paisa stock, would the brokrage be still the same 0.01% or 20 which ever is low. Should be my last question hopefully...
Sri Ram
12. Sri Ram  Nov 28, 2011 17:05 Reply
Thank you very much Sachin for your info,
I would apply now for the account and I will give comments after few trading sessions.
By the way is BSE trading allowed now.

Best regards,
Sachin Kamath
11. Sachin Kamath  Nov 28, 2011 15:47 Reply
We are more like a NGO.. ;)

We multiply your stock price and quantity... We then apply 0.01% or Rs 20, rule... So in your example, you would have paid Rs 1.8 as brokerage to buy and Rs 1.81 to Sell.. Together 3.61 ..

Also, we don't have any minimum brokerage per day clause.. So if this was the only trade you did during the day, your contract note would show only Rs 3.61... A lot of brokers charge you a minimum brokerage per day of Rs 25 to Rs 50
Sri Ram
10. Sri Ram  Nov 28, 2011 15:10 Reply
Hi Sachin,

Thank you very much for your info -

I have one more last query
What is the least brokerage for a low value share.
For example say if a share price is rs 18.
I bought 1000 qnt @ 18 and sold 1000 @ 18.1
Now what will be the brokerage for the above trade (Intraday).
I am asking this since in my geojit trading account
For Intraday brokerage is 0.03% .
So 0.03% of 18 is 0.0054 rs but he would round off to 0.01 rs since it is the minimum brokearge for any share.
So total brokerage in his case is - 1000*0.01 + 1000*0.01 = 20 rs ( for buy and sell)
They calculate the brokerage as follows -

Brokarge for each share ( 18 * 0.03 % =0.0054 = 0.01 (min) ) * no of shares

But not on the total turn over.
But actually the brokerage should be -
Turn over = 1000* 18 = 18000 = 5.4 rs ( buy - 0.03% brokerage)
1000*18.1 = 18100 = 5.43 rs (sell - 0.03% brokerage)

Total brokerage should be rs 5.4 + 5.43 = 10.83 but it is 20 rs ( Ignoring stt and other xtra charges)

PLease confirm if the brokerage for the above trade for your side would be -

Turn over = 1000* 18 = 18000 = 1.8 rs ( buy - 0.01% brokerage)
1000*18.1 = 18100 = 1.81 rs ( sell - 0.01 % brokerage)

SO total brokerage on your side should be rs 1.8 + rs 1.81 = 3.61 rs (Ignoring stt and other xtra charges)

Best regards,

Compare Zerodha with Top Brokers in India

Message Board

Stock Message Board

Search Mobile Apps:

Download Android App Downlaod iOS App