Brokerage Charges, Margin, Trading & Demat Account (2024)

Pros

Advantages and Strengths of this broker.

1. Zerodha charges a very low trading fee and does not charge anything regarding equity delivery.
2. You can use the fee calculator on its website to know what to expect while trading through Zerodha.
3. You do not need to maintain a minimum amount while opening an account with Zerodha.
4. The deposit and withdrawal process is user-friendly and free of cost.
5. You are not required to pay any platform deposit fee. You can make use of UPI to easily transfer funds to your account.

Cons

Disadvantages of this broker that it needs to improve upon.

1. It allows NRIs, HUF, Companies to open a demat account only through an offline process.
2. The response from customer support can be delayed and software glitches happen at certain times.
3. For every investment instrument, they have a different platform like Kite for shares, Coin for mutual funds, Golden Pi for bonds etc.
4. The offline procedure is cumbersome and time consuming (even for individual accounts) due to a lesser number of physical branches.

Charges

(4)

Usability

(4)

Customer Service

(3.5)

Verdict

Zerodha is a financial company in India that strives hard to make trading easier. They were the ones who initiated the concept of discount broking while also being a member of BSE, NSE, and Multi Commodity Exchange, which initiated its operations in the year 2010. Zerodha is renowned for being the first discount broker to offer zero brokerage charges on equity delivery for Demat accounts and a flat Rs 20 for every individual trade on F&O and intraday.

If you are an Investor, the broker provides you with

• Free educational content on the Stock Market and investing.

• Real-time market alerts for free.

• There is no upfront fee or turnover commitment.

• Mutual funds investments and equity delivery trades are free of cost.

• Investment in listed firms on Indian exchanges through the BHIM UPI app.

• GTT (Good Till Triggered) order that enables an investor to place a buy/sell order that gets executed at the desired price for the desired quantity and that too with a validity of one year.

If you are a Trader, the broker provides you with

• An ultrafast & user-friendly trading platform with advanced charting tools.

• Access to 20 market-depth views for building trading strategies.

• Option to add filters to sort data for multiple trades on Zerodha.

• Aplatform named Streak allows you to plan your trades without any need for coding.

• Their partnership with Sensibulli allows you to trade simple strategies with limited losses.

Trading Tools

Zerodha offers its clients a wide range of tools to make trading feasible and approachable for them. Additionally, Zerodha also offers access to great features by forming partnerships with different firms.

Zerodha Kite Web Trading Platform

Kite is one of the most powerful web-based trading platforms available in the market. Built in-house by Zerodha, Kite offers its users an astonishingly fast and reliable trading experience.

Some of the features of Kite are:

• Multilingual support in 11 different regional languages,

• Amalgamation with smart investment apps, such as Streak offered by Zerodha partners,

• One-click withdrawal and fund transfer facility,

• Charting services with 100 indicators, tools, and studies,

• Data widgets to get information on order alerts, live ticks, and quotes,

• A reliable search option to find across more than 90,000 stocks and F&O contracts,

• User manual forbetter understanding ofthe different features and services offered.

Zerodha Kite Mobile Trading Application

Kite mobile is an app developed by Zerodha for its line of users who want to trade through their phones. The app can be easily downloaded and used on Android and iOS phones.

Some of the features of Kite Mobile include:

• Ability to create multiple marketwatch options,

• Option of a one-tap search for all stocks across different exchanges,

• Live market information,

• Quick fund transfer availability,

• Tracking of historical trading data.

Zerodha Coin- Mutual Funds Investment

The coin is a platform designed by Zerodha for making mutual funds investments. Users can use the platform to make online investments in different mutual funds.

Its features include:

• No commission is charged for investments,

• Mutual funds get directly transferred into your Zerodha Demat account,

• Facilities for SIP investments are made readily available,

• Tracking of NAV funds is possible.

Zerodha Console -Dashboard for Zerodha

The console is the dashboard or back office of Zerodha that offers features such as:

• Provision to place withdrawal requests,

• Detailed analysis isavailable for your investments,

• Availabilityto view your detailed portfolio,

• Availabilityto download margin statements,

• Provision to monitor the credits and debits made in your account.

Sentinel

Sentinel is a cloud-based tool that sets up price alerts related to stocks and contracts. It allows the users to set up different parameters for providing an alert for stocks, commodities, derivatives, and bonds.

• The tool allows the creation of simple alerts based on different parameters,

• The creation of baskets of ETFs, stocks, bonds, etc.,allows the merger of two alerts & creates a trigger for all,

• F&O traders can make use of baskets for creating multi-leg F&O strategies.

Zerodha Varsity

A free mobile application providing online and downloadableeducational content for traders and investors. You can set your daily goals and gauge your knowledge by appearing for tests.

Charges Details

For Equity

For Commodity

For Currency

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