Zerodha Review: India’s Leading Discount Broker for Traders and Investors
Zerodha Review
Your Complete Guide to Zerodha Broking Ltd. Services
Zerodha, founded in 2010, is one of India’s top brokerage firms. Serving over a million clients across the country, Zerodha holds approximately 15% market share in trading volumes, making it a preferred choice for traders and investors seeking low-cost and technologically advanced trading solutions.
Why Choose Zerodha?
Advanced Trading Platforms
Zerodha offers two main trading platforms: Kite Web and Kite Mobile. These platforms feature real-time streaming quotes, advanced charting with 100+ indicators, and support for multiple exchanges. Real-time market data, Level 1 market depth, and tools like GTT, AMO, Cover Order, and Bracket Order enhance trading efficiency, making it suitable for both beginners and advanced traders.
Competitive Brokerage
Zerodha provides zero brokerage for equity delivery, Rs. 20 or 0.03% for intraday, futures, and currency futures, with a maximum cap of Rs. 20 per order. For options, a flat fee of Rs. 20 per order applies. Their flat fee model offers transparency and cost-effectiveness, ideal for traders with high trading volumes.
Safety & Security
Registered with SEBI under number INZ000031633, Zerodha is a NSE, BSE, and MCX member, ensuring compliance and trust. Client funds are segregated, and the company conducts regular audits. Their robust security measures include 256-bit SSL encryption and two-factor authentication to protect client data and investments.
Mobile Trading
The Zerodha Kite app has over 1 crore downloads on the Play Store with a 4.3-star rating, and 4.7 on the App Store. It supports English and offers features like live streaming quotes, 100+ chart indicators, multiple order types including GTT and Bracket Orders, and biometric login, enabling seamless trading on the go.
Account Opening Process
Get Started in Just 5-10 Minutes
Account Opening Charges
- Online: Free
- Offline: Free
- NRI: Rs. 500
- Corporate: Rs. 500
Annual Maintenance
- Individual: Free up to Rs. 4 lakh holdings, Rs. 100/year for Rs. 4-10 lakh, Rs. 300/year above Rs. 10 lakh
- NRI: Data Not Found
- Corporate: Data Not Found
Zerodha allows quick account setup through eKYC, Aadhaar verification, and Digilocker integration. Required documents include PAN Card, Aadhaar, Bank Proof, Photograph, and Signature. The process is straightforward and can be completed within minutes, making it accessible for all investors.
Trading Charges & Fees
| Segment | Brokerage | Additional Info |
|---|---|---|
| Equity Delivery | Zero Brokerage (Free) | Cost-effective for long-term investors holding stocks |
| Equity Intraday | Rs. 20 or 0.03% | Lower cost for frequent traders |
| Equity Futures | Rs. 20 or 0.03% | Ideal for derivatives traders |
| Equity Options | Rs. 20 per order | Flat fee for options trading |
| Segment | Brokerage | Additional Info |
|---|---|---|
| Currency Futures | Rs. 20 or 0.03% | Cost-effective currency trading |
| Currency Options | Rs. 20 per order | Fixed fee for currency options |
| Segment | Brokerage | Additional Info |
|---|---|---|
| Commodity Futures | Rs. 20 or 0.03% | Competitive commodity trading charges |
| Commodity Options | Rs. 20 per order | Flat fee for options |
| Charge Type | Amount | Description |
|---|---|---|
| Call & Trade | Rs. 50 | Assisted trading support |
| Physical Contract Note | Data Not Found | Delivery documentation |
| SMS Alerts | Free | Monthly trading alerts |
Trading Platforms & Technology
Web Platform
Kite Web
Zerodha’s Kite Web platform offers a seamless trading experience with real-time streaming quotes, Level 1 market depth, and support for multiple order types including GTT, AMO, Cover, and Bracket Orders. It features advanced charting, multiple watchlists (up to 50 scrips each), and multi-exchange access, making it suitable for traders of all levels.
- Real-time streaming quotes
- Advanced charting tools
- Multi-exchange access
Mobile App
Kite Mobile
The Kite mobile app is highly rated with over 1 crore downloads and a 4.3-star rating on Play Store, and 4.7 on App Store. It supports English, offers features like live quotes, 100+ indicators, multiple order types, and biometric login, enabling traders to execute trades smoothly from anywhere.
- Trade on the go
- Real-time notifications
- Biometric security
Desktop Platform
Data Not Found
While Zerodha primarily focuses on Kite Web and Mobile, their desktop solutions provide high-speed execution, advanced analytics, and customizable workspaces for professional traders seeking high-performance tools.
- High-speed execution
- Advanced analytics
- Custom workspaces
Advanced Trading Features
Research & Advisory Services
Research Reports
Zerodha offers comprehensive research reports including fundamental and technical analysis, market insights, and investment recommendations across equity, commodity, and currency segments. Their research is accessible via partner platforms, helping investors make informed decisions.
Advisory Services
While Zerodha does not offer personalized advisory services, their platform provides valuable market outlooks and investment insights that assist investors in developing their strategies aligned with their risk profiles and goals.
Investment Tools
Calculators
- SIP Calculator
- Lumpsum Calculator
- Retirement Calculator
- EMI Calculator
- Tax Calculator
Screeners
- Stock Screeners
- Market Heat Maps
- Option Chain Analysis
Alerts
- Price Alerts
- News Alerts
- Custom Dashboard
Mutual Funds & IPO Investments
Coin
Zerodha’s Coin platform provides access to over 44 mutual fund AMCs, including direct plans. Investors can start SIPs with options like Daily, Weekly, Monthly, and Quarterly, and also invest lumpsum. The platform charges are free, and various payment methods like UPI, Net Banking, NEFT, and RTGS are supported, making mutual fund investments simple and transparent.
SIP Options
- Smart SIP
- Flexi SIP
- Step-Up SIP
- Trigger SIP
- Perpetual SIP
Investment Methods
Investors can pay via UPI, Net Banking, NEFT, or RTGS, and hold mutual funds in a Demat account for seamless management. The platform charges are free, ensuring cost-effective investing.
IPO Application Services
Zerodha’s Kite platform allows seamless IPO applications via UPI (ASBA). The process is straightforward, with no application charges. IPO applications are accepted from 10 AM to 5 PM on IPO days, with options for modification, cancellation, cutoff price selection, and support for HNI category UPI IDs, ensuring investors can participate efficiently.
Application Features
- Application Modification
- Application Cancellation
- Cutoff Price Option
- HNI Category UPI Support
Customer Service & Support
Support Channels
Phone Support
+91 80 4040 2020
9 AM to 6 PM, Monday to Friday
Email Support
support@zerodha.com
Response within 24 hours
Chat Support
Available through their platform for instant assistance
Physical Branches
0 Branches (Online-only)
Additional Services
- Ticket System for issue tracking
- Call & Trade facility available
- Partner office network
- Branch locator service
Safety, Security & Regulation
Regulatory Compliance
SEBI registered with number INZ000031633
Member code Data Not Found
Member code Data Not Found
Member code 46025 through Zerodha Commodities Pvt. Ltd.
Safety Measures
Fund Protection
Client funds are segregated, and the company maintains sufficient reserves to ensure capital adequacy. Policies regarding client fund lending are in place, ensuring safety and compliance.
Technology Security
Data safety practices include 256-bit SSL encryption, two-factor authentication, and regular security audits, safeguarding client information and trading accounts.
Transparency
Zerodha maintains transparent pricing policies, conducts regular audits, and upholds a good compliance record with no major violations reported, ensuring trustworthiness.
Editor’s Review
Our Analysis
Reviewing Zerodha reveals a platform that excels in technology and user experience. Their Kite platforms are feature-rich, supporting advanced order types and real-time data, which appeals to both beginners and professional traders. The zero brokerage for delivery and competitive fees in derivatives make it cost-effective. Customer support is robust through multiple channels, and their safety measures are industry-standard. Overall, Zerodha offers excellent value for traders looking for reliable, technologically advanced, and low-cost trading options in India.
Pros
- State-of-the-art trading platforms with real-time quotes and advanced charting tools
- Zero brokerage for delivery trading and transparent flat fees in derivatives
- Strong safety measures including SEBI registration and fund segregation
- User-friendly app with high ratings and extensive features
Cons
- No physical branches for in-person support
- Lack of personalized advisory services
- Limited offerings in certain niche investment products
The Verdict
Zerodha remains one of the top choices for Indian investors and traders due to its low-cost structure, innovative platforms, and strong regulatory compliance. It is best suited for active traders, tech-savvy investors, and those seeking transparent pricing. Beginners will appreciate the simple account opening and educational resources. For long-term investors, Zerodha’s mutual fund platform and research tools add value. Overall, Zerodha’s combination of technology, affordability, and security makes it a reliable partner in the Indian stock market.
How Does Zerodha Compare?
Zerodha has positioned itself as a disruptor in the Indian brokerage industry, offering low-cost trading with robust technology. Compared to traditional brokers, Zerodha’s account opening is quick, and its brokerage charges are among the lowest. Their platforms are highly rated for usability and features, making them attractive for both beginners and experienced traders.
| Parameter | Zerodha | Industry Average |
|---|---|---|
| Account Opening | 5-10 minutes | 2-3 days |
| Equity Delivery Brokerage | Zero Brokerage | 0.2-0.5% |
| Mobile App Rating | 4.3/5 | 3.5-4.2/5 |
| Active Clients | Data Not Found | Varies by broker |
Who Should Choose Zerodha?
Beginner Investors
New investors will find Zerodha’s simple account opening, minimal charges, and user-friendly Kite platform ideal for starting their investment journey with confidence.
Active Traders
Frequent traders benefit from Zerodha’s low brokerage rates, advanced order types like GTT and Bracket Orders, and real-time data, enabling quick and cost-effective trades.
Long-term Investors
Long-term investors can utilize Zerodha’s mutual fund platform, research reports, and portfolio tracking tools to build and manage their wealth efficiently over time.
Final Recommendation
Is Zerodha Right for You?
Zerodha is highly recommended for investors looking for low-cost trading, advanced platforms, and strong security. Its ease of account opening and comprehensive features make it suitable for both beginners and experienced traders. If you prioritize affordability and technology, Zerodha is a reliable partner for your trading journey. For detailed brokerage calculations, check out the Zerodha Brokerage Calculator.
Ready to Get Started?
To open an account with Zerodha, gather your PAN, Aadhaar, bank proof, photograph, and signature. The process is quick with eKYC, and you can start trading within minutes after verification. Visit Zerodha’s website to begin your investment journey today.
Disclaimer
Investments in stocks and mutual funds carry risks. This review is based on publicly available information and is not financial advice. Always conduct your own due diligence before investing. Past performance is not indicative of future results. Zerodha’s offerings are suitable for investors with a clear understanding of market risks.
Frequently Asked Questions
Account opening with Zerodha takes approximately 5-10 minutes via online eKYC, with Aadhaar verification and Digilocker integration making it quick and easy.
Zerodha offers zero brokerage for equity delivery, Rs. 20 or 0.03% for intraday, futures, and currency futures, with a maximum cap of Rs. 20 per order.
Yes, Zerodha’s Coin platform provides access to over 44 AMCs with direct plans, supporting SIPs, lumpsum investments, and multiple payment options.
You can reach Zerodha support via phone at +91 80 4040 2020, email support@zerodha.com, or chat support available on their platform, with no physical branches.
Zerodha is SEBI registered, member of NSE, BSE, and MCX, segregates client funds, and follows strict security practices including regular audits and encryption, ensuring safety.
