Are you looking for an online brokerage firm that offers excellent customer service and a wide range of investment options? If so, you should definitely consider Zerodha.
This firm has a reputation for being one of the best in the industry. In this article, we will be providing a detailed Zerodha review that will help you understand the platform better.
A Comprehensive Zerodha Review
Zerodha is an online stock broker based in India consisting of a big team that is working round the clock to make things smooth.
The company has a very user-friendly website and mobile app. The trading platform is easy to use and navigate. Their customer support is deemed to be the reason behind its success. No wonder, it is regarded as no. 1 demat account in India.
They also offer a free virtual trading platform called Kite where users can practice trading without risking real money. Overall, Zerodha is a good stock broker with low fees, a user-friendly platform, and a good virtual trading platform.
Why Open An Online Demat Account With Zerodha?
The truth is, becoming a trader with a reputable brokerage house has its advantages. Here are some of the most valid reasons why you should sign up for a Zerodha Demat Account:
- They are a reputed brokerage house as they have the respect and trust of its patrons
- They offer detailed explanation with charts and research data to help you make a wise investment
- Zerodha has a huge network of in the market making it easier for them to trade.
These are a few of the many things that makes Zerodha one of the providers of the best demat account in India.
Zerodha Rating
Here is a proper Zerodha rating that you can rely on:
| Criteria | Rating |
| Brokerage | 4.3/5 |
| Fees | 3.7/5 |
| Customer Service | 3.4/5 |
| Functions | 3.6/5 |
| Research | 2.9/5 |
Brokerage Charges At Zerodha
This is not just another one of those Zerodha reviews, hence we ask you to pay attention to the clauses and words used by the brokerage firm. We are providing you with a table that will help you comprehend the matter.
| Category | Brokerage |
| Equity Intraday | Rs. 20 or 0.03% per order, whichever is lower |
| Equity Delivery | Zero |
| Equity Options | Rs. 20 flat per order (executed) |
| Equity Futures | Rs. 20 or 0.03% per order, whichever is lower |
| Commodity F&O | Rs. 20 or 0.03% per order, whichever is lower |
| Currency Futures & Options | Rs. 20 or 0.03% per order, whichever is lower |
Zerodha Margins/Exposure/Leverage
You can see all the margins that Zerodha levies in this chart very clearly.
| Category | Margins | Leverage |
| Intraday Equity | Up to 20% of the total volume of trade | 5x |
| Equity Delivery | No margin | Up to 1x |
| F&O (Currency, Equity, and Commodities) | 100% of NRML margin (Span + Exposure) | 1x |
Zerodha Demat Account
A Zerodha feedback will be incomplete if we did not tell you that there were many brokers that came before and after them. However, this company has managed to survive because it has worked as a discount broker. Their cheap pricing has played a major role in shaping their future.
Types Of Accounts At Zerodha
In order to get started with Zerodha you need three types of accounts, namely:
- Bank Account
- Demat Account
- Trading Account
Yes, that is all you need as it is a simple process that once you learn, you will know it. It will gradually come to you. All you have to do is to keep practicing by following the trends and keeping an eye on the latest developments.
How to open an account in Zerodha?
Opening an account with Zerodha is simple and can be done entirely online. To open an account with Zerodha, you first need to visit their website and click on the ‘Open an account’ button. This will take you to the account opening form.
This is what you need to do for this:
- Go to Zerodha
- Click on the sign-up button
- On the account opening form, you will need to fill in your personal details, such as your name, date of birth, email address, and mobile number
- You will also need to create a username and password for your account
- You will get an OTP after you enter your mobile phone number
Then once you have completed the account opening form, you will need to submit some documents. These documents include Proof of Identity (POI) and Proof of Address (POA), like:
- Aadhar Card
- Pan Card
- A photograph (passport size)
- Cancelled cheque
Once your documents have been accepted, you will need to make a minimum deposit of a small token. This can be done by online bank transfer. Once your account is open and funded, you can start trading!
Advantages of Zerodha
Discount brokers are known for their trading platforms and affordable brokerage plan. Zerodha can be credited with coming up with this concept first. This is why there are a lot of benefits that are associated with this brokerage firm, such as:
Network
Some rewards of being the most sought-after brokerage house in the country include increased brand recognition, visibility, and a larger pool of potential clients.
Zerodha is a popular brokerage house that is promising and referred to by the capital market fraternity and traders. You can find Zerodha branches in many places, which means you can trade with them from anywhere.
More Trading Platforms
With their cutting-edge trading platforms and the technologies they employ for such platforms, they revolutionized the trading process. Trading became more profitable and simpler, which upholds their aim to assist other traders and investors.
For the benefit of its customers, Zerodha offers a wide range of trading platforms, including KITE, Zerodha Varsity, Small Cases, Sensibull, and many more. We will be discussing them all later.
Hidden Costs
One thing that we have found to be helpful is their straightforward way of working. This implies that there are no hidden costs involved with Zerodha. All the charges are right there in black and white.
Brokerages
Zerodha offers customers one of the most affordable brokerage options. For the equity delivery transactions, they levy no charges. Any trader must pay Rs. 20 of the total transaction value per order.
The brokerage plan is not only affordable and convenient; it is also easy. To perform the brokerage calculations, you do not always need to bring a calculator with you all the time.
Affordable
They use a straightforward price structure for their services. No matter the size of the deal, they charge Rs 20 or 0.03 percent, whichever is lower for each completed order. The customer may only pay a maximum of Rs 20 in brokerage for each trade.
Not Prepaid
You can pay as you make transactions as there are no prepaid plans. See, this is what we like about this platform as they are easy to comprehend.
Products Of Zerodha
Zerodha provides its registered retail traders with products related to Futures Trading, Currency Trading, Equity Trading, Options Trading, and Commodities Trading. You can deal in many marketable securities with Zerodha, like – shares, mutual funds, IPOs, and more.
1. Currency Derivatives
Currency derivatives allow investors to speculate on the value of foreign currencies.
2. Futures and Options
A future is a contract to buy or sell a security at a pre-determined date and price.
Options are like a right to buy or sell the security on a specified date and time that the options contracts give investors.
3. Commodity Derivatives
The value of these derivatives comes from the underlying commodity. The commodity can be gold, coal, wheat, cotton, copper, or any other item.
4. Bonds and Securities
Zerodha offers bonds and securities as investment options in addition to stocks and mutual fund units.
5. Direct Mutual Funds
Zerodha offers direct mutual funds where you can buy units and grow your savings with income.
Zerodha And Its Trading Platforms
Zerodha has various web-based platforms that you can trade into. Below is a list of all of them:
Kite iOS / Kite Android (Zerodha’s Mobile Trading App)
Kite by Zerodha is a smartphone application for Android and iOS that allows for mobile trading. This app enables customers to trade from their mobile phones. The Kite Mobile app is available for free to all its customers for trading and monitoring commodities as well as stock markets in India. Kite Mobile App is a cutting-edge trading app available in India, with live streaming data from NSE, MCX, and BSE.
Kite 3.0
Kite 3.0, a web-based trading platform. It is a lightweight and fast platform that can be used on mobile devices, tablets, and web browsers. Since its launch, Kite has undergone various updates and been developed in-house by Zerodha. You can read any Zerodha app review and you will find the same response.
Zerodha offers the Kite 3.0 web platform. It offers extensive charting with over 6 chart types and 100 indicators, advanced order types like GTT order, millisecond order placements, cover order, and much more for trading at NSE, BSE, and MCX. Kite Web 3.0 is free for all its customers.
Call & Trade
Customers that do not use online services can opt for Call & Trade facilities. Yes, but there will be a charge of Rs.50 per trade.
Other Trading Platforms
Zerodha Console (The Dashboard)
This is a trade and reporting dashboard for Zerodha customers to view and monitor all their investments including derivatives, stocks, and mutual funds. The Console also offers analytics tools, like heatmap and tradebook.
Zerodha Coin
Direct Mutual Funds can be invested in by people using Coin. You could invest commission-free into direct MF. This can save you more than 1.5% on commissions every year. The Demat account linked with Zerodha trading account can hold Mutual Funds.
Zerodha Sentinel
Zerodha customers can use Sentinel, a cloud-based tool, to set up price alerts on stocks, futures and options. he unique feature of Sentinel is that price alerts can be triggered at any time, even when the computer is off, unlike other tools.
Benefits Of Web-Based Trading at Zerodha
Did you know that Kite Web services are available in Hindi, Bengali, Oriya, Tamil, Punjabi, Hindi, Malayalam, Gujrati, Kannada, Telugu, and Marathi? Interesting right? Likewise, there are some more gains that you can count on.
- It is easy to use
- This app provides you with accurate results
- Charts are simple to follow and very interactive
- You get historical data to compare in-depth
- The user experience is very classy with ease of navigation
- Their built-in research is by far one of the best features
Disadvantages of Zerodha
Although no service is flawless, Zerodha also has a few downsides. We must tell you about that as well in order to make this Zerodha review accurate.
- They are tech-based which at times troubles old-school traders
- Their servers seem to create discords many a time
- Not a 3-in-1 demat trading account
- A charge of Rs.50 per CO/BO/MIS is not at all good
- The same goes for Call & Trade facilities too
- There is no free of AMC for lifetime Demat account plan
Faqs
Yes, it is because you get cheap stocks to procure and you can work with low capital. They are one of the most affordable brokers in India.
In addition to this, you have Zerodha Varsity which teaches first timers about the stock market and thorough trading.
They are also considered to be the safest among all. The fact that they are regulated by SEBI hopefully makes this easy to understand.
As they are an online company, you can reach them by email support or chat only.
To Conclude On Zerodha Demat Account Review
Zerodha is a discount brokerage firm in India that offers low commissions and a wide range of investment options. They have a solid reputation for customer service and offer a variety of tools to help investors manage their portfolios.All we wanted to tell you in this Zerodha review is that it is one of the most popular online brokers in India. It offers a wide range of services that are perfect for investors of all experience levels.