Zerodha Review
A Complete Zerodha Review by Instock Broker
Zerodha is a bootstrapped Fintech stock broker company founded by Nithin Kamath and Nikhil Kamath in 2010. Zerodha is the first discount broker in India and they have revolutionized the share market. Their customer-first approach led them to the top position in the share market within very little time. The products and technology they deliver are customer-centric and first-in-class.
As a result, without any promotion or investor funding, they have a customer base of 1.5Cr +. The total trading volume on Zerodha is more than 15% of the total market turnover. To date, they try to provide features and products that will ease the trading experience for customers. Till now they have funded products like Smallcase, Sensibull, Streak, and Ditto among many under the Rainmatter investments.
Key Features of Zerodha Review
- Investors have access to a wide range of instruments, including Equity, Commodity, Currency, Derivatives, Mutual funds, NFO, SGBs, Bonds, and more. Additionally, You can directly participate in corporate actions such as buybacks, OFS, and Takeovers.
- The user-friendly platform, Zerodha Kite, offers features like Iceberg, AMO, GTT, and more. Iceberg orders allow for placing orders for quantities larger than what is visible in a single order, while AMO orders enable trading for the next day. GTT orders, with a validity of one year for equity and till expiry for F&O contracts, facilitate investors or traders that have less active trading schedules.
- The Kite platform also facilitates participation in the auction market and offers a universal search option on MarketWatch for various instruments.
- Zerodha provides a margin of 5X for Equity intraday trades and allows clients to pledge their holdings for interest-free collateral, which can be used for trading in equity intraday and F&O trades.
- The referral program is provided for all the clients, where you can earn 10% of the brokerage generated by the clients referred by you.
- Clients have access to Sensibull and Streak platforms for free, help Option traders and provide tools for strategy building, market analysis, and backtesting.
- Zerodha offers a universal brokerage plan, ensuring consistent brokerage charges for all clients, and provides educational resources such as Varsity, Zero1 YouTube channel, and utility tools like brokerage and margin calculators.
- A comprehensive support portal is available to address general queries related to the share market and trading, further enhancing the overall customer experience.
Pros and Cons of Zerodha-
| Pros | Cons |
|---|---|
| Low Brokerage Fees | Limited Research and Analysis Tools |
| Zero Commission on Equity Delivery Trades | Relatively Complex Interface for Novice Traders |
| Direct Mutual Fund Investment | Limited Presence in Physical Branches |
| Access to Zerodha Coin (Mutual Fund Platform) | Customer Service Response Time Can Be Slow |
| Zerodha Kite – User-friendly Trading Platform | Margin Funding Rates Might Not Be the Lowest Among All Brokers |
| Comprehensive Education and Learning Resources | No Banking Services Available (Deposits, Loans, etc.) |
| Wide Range of Investment Products | Platform Stability Issues During High Traffic |
| No Minimum Brokerage Charges | Absence of 24/7 Customer Support |
Comparison of Zerodha vs m.Stock Review.
Comparison between Zerodha, Groww, Upstox, and Angel One
| Particulars | Zerodha | Groww | Upstox | Angel One |
|---|---|---|---|---|
| Brokerage | Rs 20 per order | Rs 20 per order | Rs 20 per order | Rs 20 per order |
| Margin | 5X | 5X | 5X | 5X |
| DP charge | Rs 15.93 | Rs 15.93 | Rs 21.83 | Rs23.6 |
| AMC charge | Rs 354 p.a. | Zero | Zero | Rs 283.2 p.a. |
| Margin Funding | No | No | Yes(10.30%) | Yes(17.89%) |
| Client Base | 1.80 Cr | 4 cr | 1cr | 1.5cr |
| App rating on Play Store | 4.1 | 4.3 | 4.6 | 4.3 |
FAQs About Zerodha
What is Zerodha?
Zerodha is India’s biggest stock broker offering the lowest brokerage charges for futures and options, commodity trading, equity, and mutual funds.
How can I open an account with Zerodha?
You can open an account with Zerodha by visiting their website or app and following the account opening process online, which involves filling out an application form and providing the necessary documents for KYC.
What is the brokerage charge for equity delivery and Intraday in Zerodha?
The brokerage charge for delivery is 0(zero) and for intraday 0.03% or Rs 20 whichever is less per executed order in Zerodha.
What is the client base of Zerodha?
Zerodha has a client base of 3.60Cr+.
What are the account opening charges at Zerodha?
Trading account opening charge is Rs 200 and Rs 100 for Commodity at Zerodha.
Can we apply for IPOs at Zerodha, and what are the charges for applying?
You can apply for IPOs at Zerodha with a UPI ID. There are no charges for IPO applications at Zerodha.
What is the DP charge at Zerodha?
The DP charge at Zerodha is Rs 13.5+18% GST.
What is the Margin provided for equity delivery and intraday in Zerodha?
The margin provided for equity delivery is 20% of the value of the stocks sold and for intraday 5x(20%) in Zerodha.
What is the trading platform of Zerodha?
The Kite is the trading platform of Zerodha.
Where can we get the brokerage charges applicable for Zerodha?
You can search for “Brokerage Calculator by Zerodha.
What are the AMC charges of Zerodha?
The AMC charge of Zerodha is 75+18 % GST per quarter.
What is the Auto Square-off charge at Zerodha?
The Auto Square-off charge at Zerodha is Rs 50+18% GST.
How much time is required for the withdrawal of funds at Zerodha?
The withdrawal request will be processed within 24 working hours at Zerodha.