Zerodha Review 2024 Demat, Brokerage Charges, Pros & Cons, Trading Platforms

In India Zerodha has 1 Crore+ active customers, making it the largest retail stock broker in India. 🔍💡💡 Founded in 2010 by entrepreneur and stockbroker Nithin Kamath, it is now the biggest brokerage company in India. With this leading online discount brokerage service, Zerodha allows its customers to invest in stocks, currencies, commodities, IPOs, and mutual funds. In this detailed Zerodha review, we will examine various aspects such as brokerage charges, demat account, trading platforms, AMC charges, as well as the pros and cons of using this Zerodha.📊💰

Overview of Zerodha

Features	Details
Founded 🗓️	2010
Type 💰	Online discount brokerage service
Founder 👨‍💼	Nithin Kamath
Headquarters 🏢	Bangalore, India
Number of customers 📈	1 Crore+
Services 💼	Stocks, currencies, commodities, IPOs, mutual funds
Brokerage charges 💸	Rs. 0 for equity delivery trades, Rs. 20 for all other trades (intraday, F&O, etc.)
Trading platforms 💻	Kite, Console, Coin
AMC charges 💳	Rs. 300 annual maintenance charge for Demat account

Account Opening Fees for a Zerodha Account

To Open Zerodha account online, You will be Charged INR 200. The Annual Maintenance Charges for a demat account is Rs 300 (AMC)

Charge Details	Charges
Demat Account Opening Charges	Rs 200 (One time)
Trading Account AMC	Rs 0
Demat Account AMC	Rs 300 / Year

🔝💪Main Key Strengths of Zerodha📊:

• 👑 One of the largest stock brokers in terms of client base, market share, and net new business, as well as one of the most trustworthy and secure places to invest money. 💪🔒💰
• 🚀 Access to cutting-edge trading platforms. 📈💻
• 💰📈 No commissions or fees on equity deliveries or mutual funds. 💰💸
• 💸💰 Save up to 90% on brokerage fees compared to using a conventional broker because the maximum brokerage fee is just Rs.20. 💰💵
• 👍 The company’s services are appropriate for all types of investors, including those who are active, passive, beginning, active traders, or Algo traders. 👤👤👤👤👤👤

Charges in Zerodha

Equity Delivery & Intraday Brokerage And Charges in Zerodha

• Delivery trades: Zerodha doesn’t charge any fees for delivery trades.
• Intraday trades: Zerodha charges either 0.03% or Rs. 20 (whichever is lower) per executed order for intraday trades.

Charges	Equity Delivery	Equity Intraday Trade
Brokerage	Free	0.03% or Rs.20/Trade whichever is lower
STT	0.1% On Buy & Sell	0.025% On the Sell-side
Transaction / Turnover charges	NSE : 0.00325% BSE: 0.00375%	NSE : 0.00325% BSE: 0.00375%
SEBI Charges	10 Rs/Crore	10 Rs/Crore
GST	18% on (Brokerage + Transaction Charges+SEBI)	18% on (Brokerage + Transaction Charge+SEBI)
Stamp Duty	0.015% or ₹1500 / crore (buy Side)	0.03% or ₹300 / crore (buy side)

Futures & Options Brokerage And Charges In Zerodha

• Equity futures: Zerodha charges 0.03% or Rs. 20 (whichever is lower) per executed order for equity futures trading.
• Equity options: Zerodha charges Rs. 20 per order for equity options trading.

Charges	Equity Future	Equity Option
Brokerage	0.03% or Rs.20/Trade whichever is lower	Flat Rs. 20 per executed order
STT	0.01% Sell-side	0.05% Sell-side (ON Premium)
Transaction / Turnover charges	NSE : 0.0019%	NSE : 0.053% (on Premium)
SEBI Charges	10 Rs/ Crore	10 Rs/ Crore
GST	18% on (Brokerage + Transaction Charges)	18% on (Brokerage + Transaction Charges)
Stamp Duty	0.002% or ₹200 / crore (buy side)	0.003% or ₹300 / crore (buy side)

Currency Trading Brokerage And Charges in Zerodha

• Currency futures: Zerodha charges 0.03% or Rs. 20 (whichever is lower) per executed order.
• Currency options: Zerodha charges Rs. 20 per executed order for options trading.

Charges	Currency Future	Currency Option
Brokerage	0.03% or Rs.20 per Trade whichever is lower	Flat Rs.20 per Executed Order
STT	NA	NA
Transaction / Turnover charges	NSE: 0.0009% BSE: 0.00025%	NSE: 0.035% BSE: 0.001%
SEBI Charges	₹10 / crore	₹10 / crore
GST	18% on (Brokerage + Transaction Charges)	18% on (Brokerage + Transaction Charges)
Stamp Duty	0.0001% or ₹10 / crore	0.0001% or ₹10 / crore

Brokerage And Charges for Commodities Trading in Zerodha

• Commodity Futures: Zerodha charges 0.03% or Rs. 20 (whichever is lower) per executed order for commodity trading.
• Commodity options: Zerodha charges Rs. 20 per executed order for commodity options trading.

Charges	Futures	Options
Brokerage	₹ 20 Per Executed Order Or 0.03% (Whichever Is Lower)	₹ 20 Per Executed Order
STT/CTT	0.01% sell side (Non-Agri)	0.05% sell side
Exchange Transaction Charges	0.0026% (Non-Agri)	0.05% (Non-Agri)
Clearing Charges	0.0018%	0.05%
SEBI Turnover Fee	Agri: ₹1 / crore + GST Non-agri: ₹10 / crore + GST	₹10/Crore + GST
GST	18% on (Brokerage + Transaction Charges + Sebi Charges+Clearing Charges etc )	18% on (Brokerage + Transaction Charges + Sebi Charges+Clearing Charges etc )
Stamp Duty	0.002% on Buy Side or ₹200 / crore	0.003% on Buy Side ₹200 / crore

Review of Zerodha based on User Ratings

Basis	Ratings
Brokerage Charges & Fees	9.5 / 10
Product & Services	9.2 / 10
Trading Platforms	9.5 / 10
Customer Service	8.9 / 10
Overall Rating	9.3 / 10
Customer Rating	★★★★★

Trading Platforms

Zerodha Kite WEB

Kite offers an exceptionally fast and reliable trading experience, with features like multilingual support, charting services with 100 indicators, data widgets for order alerts and live quotes, and a reliable search option to find stocks and F&O contracts.

Zerodha Kite Mobile Application

Kite Mobile is an app that provides the option to trade through a smartphone. It offers features like live market information, multiple marketwatch options, and historical trading data tracking.

• Zerodha Kite app :10 million+ downloads.
• 300k Zerodha Kite App reviews.
• Zerodha App Ratings 4.3 ★

Zerodha Coin

Mutual Fund investing platform.  “Zerodha Coin” is India’s first direct mutual fund broker. Zerodha Coin is a free mutual fund investment app for Android and iOS.

• Downloads – 1 Million+
• Zerodha Coin App Review – 310K reviews.
• Zerodha Coin Ratings – 4.2★

Zerodha Console

Zerodha Console is the dashboard or back office of Zerodha. It provides facilities like the ability to place withdrawal requests, monitor credits and debits, detailed portfolio view, and margin statement download.

Pros and Cons of Using Zerodha

Steps For the account opening in Zerodha

1. Start Signup with Your Mobile number
2. Verify your email address
3. Enter your PAN number (Permanent Account Number)
4. Pay the account opening fee Rs.200
5. Provide your details by Adhaar Enabled Digilocker
6. Webcam IPV (In-Person verification)
7. Upload your bank statement
8. Sign your documents digitally (Esign with adhaar Otp)

Documents are needed for the Account opening in Zerodha 

• Photograph
• Aadhar Card (Mobile number linked)
• Pan card
• Bank Statements (last 6 months)
• e-Sign

Final thoughts on Zerodha Review

📈 While other discount stock brokers in India may offer attractive signup incentives to attract new customers, Zerodha is constantly striving to improve the quality of service it offers existing clients. 💻 Zerodha has established itself as the market leader. 🇮🇳 Zerodha is India’s Largest Stock Broker that provides a range of financial services to its customers. 💰 It has revolutionized the concept of discount broking, making trading and investing affordable for everyone.

📚 The company offers free educational content on the stock market, 🔔 real-time market alerts, and a range of tools to help investors and traders make informed decisions. 📊 Zerodha’s advanced charting tools and user-friendly trading platforms make it easier for traders to navigate the market and execute trades quickly. 🚀 With its range of innovative products and services, Zerodha has emerged as a popular choice for investors and traders in India.

---

Frequently Asked Questions (FAQs)

Also Read our in depth Reviews on other Stock Brokers

Stock Broker	Review
Upstox	Read Review
Groww	Read Review
Angel One	Read Review
Fyers	Read Review
Upstox	Read Review
Paytm Money	Read Review
Zerodha	Read Review

Disclaimer: The information in this article is only meant to be educational and informative. It should not be taken as financial advice. Investing in the stock market comes with risks. Before making any investment decisions, readers should carefully think about their own investment goals and how much risk they are willing to take. Before making any investment decisions, the reader should talk to a qualified financial advisor.