Welcome to our comprehensive review of Zerodha Trading platform. In this article, we dive deep into the features, tools, and performance of Zerodha’s platform, providing you with valuable insights to help you evaluate its suitability for your trading journey.
Whether you’re a beginner or an experienced trader, join us as we uncover the strengths, weaknesses, and unique offerings of Zerodha’s trading platform. Let’s explore together and discover how Zerodha, the best stock broking firm, can empower you in your trading endeavors.
Zerodha is a popular Indian discount brokerage firm and number 1 stock brokerage firm in India, that offers a range of trading and investment services to its clients.
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Founded on August 15th, 2010, Zerodha has quickly become one of the largest and most innovative brokerage firms in India, with a focus on providing low-cost and user-friendly trading platforms to its clients.
The company offers a range of services, including equity trading, commodity trading, currency trading, mutual fund investments, and more. The company name, Zerodha, is derived from the Sanskrit word for barrier, “Rodha,” and the term “Zero,” reflecting our vision to break down all barriers for our clients.
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Different platforms of Zerodha
- Kite: Zerodha Kite is the flagship trading platform of Zerodha, designed for ultra-fast and seamless trading experience. It offers streaming market data, advanced charting tools, an elegant user interface, and many more features that make trading easy and efficient. With zerodha Kite, you can access all the features of the platform on your Android and iOS devices, and trade on-the-go without any hassle.
- Coin: Coin is a platform that allows users to invest in mutual funds online. The platform offers commission-free investment in direct mutual funds, easy SIP investment, and support for a range of payment modes like UPI, net banking, and debit card.
- Console: Console is Zerodha’s back-office platform that allows users to manage their accounts, view reports, and perform other administrative functions.
- Sentinel: Sentinel is a platform that allows users to set up alerts and notifications for market events.
- Zerodha Varsity: Zerodha Varsity is an online educational platform that offers a range of courses and resources to help traders learn about investing and trading.
- Zerodha Pi: Zerodha Pi is a desktop-based trading platform designed for active and professional traders. It offers advanced charting and technical analysis tools, as well as support for multiple screens and customization options.
- Kite Connect API: The Kite Connect API allows you to create powerful and innovative trading platforms and experiences with its simple HTTP/JSON APIs. Whether you’re a startup or an established business, you can leverage the zerodha Kite Connect API to build investment apps and showcase them to our client base. With its user-friendly interface, you can easily integrate the Kite Connect API into your platform and provide your users with a seamless trading experience.
Zerodha is a discount brokerage firm in India, and its pricing structure is designed to offer low fees to traders. Here are the key aspects of Zerodha’s pricing:
| Zerodha charges | Delivery Charges | Intraday Charges | F&O trading – Futures | F&O trading – Options |
| Brokerage | Zero Brokerage | 0.03% or Rs. 20/executed order whichever is lower | 0.03% or Rs. 20/executed order whichever is lower | Flat Rs. 20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.0125% on the sell side |
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| Transaction charges | NSE: 0.00325% BSE: 0.00375% | NSE: 0.00325% BSE: 0.00375% | NSE: 0.0019% | NSE: 0.05% (on premium) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | 18% on (brokerage + SEBI charges + transaction charges) | 18% on (brokerage + SEBI charges + transaction charges) | 18% on (brokerage + SEBI charges + transaction charges) |
| SEBI charges | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST |
- Additional charges of ₹50 per order are applicable for call & trade orders placed through a dealer at Zerodha, including auto square off orders.
- When stocks are sold, a depository participant (DP) charge of ₹13.5 + GST per scrip is debited from the trading account, regardless of the quantity sold. This charge is levied by the depository (CDSL) and the depository participant (Zerodha). Additionally, if you wish to pledge your stocks, pledging charges of ₹30 + GST per pledge request are applicable.
- Account maintenance charges (AMC) of ₹300/year + GST are levied on a quarterly basis (every 90 days).
- Corporate action order charges of ₹20 + GST are levied for OFS/buyback/takeover/delisting orders placed through Console.
- Off-market transfer charges are either ₹25 or 0.03% of the transfer value (whichever is higher).
- Client Master Report: The first CMR request is free, while subsequent requests are charged ₹20 + ₹100 (courier charge) + 18% GST.
- Payment gateway charges of ₹9 + GST are not levied on transfers made via UPI.
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Zerodha offers a range of features that make it a popular choice among traders in India. Here are some of the key features of Zerodha:
- Low brokerage fees: Zerodha is a discount brokerage firm, which means it offers low brokerage fees compared to traditional brokers.
- Advanced trading platforms: Zerodha’s trading platforms, Kite and Coin, are user-friendly and offer a range of advanced features. Zerodha kite is a browser-based trading platform that offers real-time market data, advanced charting tools, and support for multiple segments like stocks, futures, options, and currencies. Coin is a platform that allows users to invest in mutual funds online.
- Education and research: Zerodha offers a range of educational resources and research tools to help traders make informed decisions. The company offers online courses, webinars, and a trading Q&A forum, as well as a range of research reports and analysis.
- Customer support: Zerodha has a responsive customer support team that offers support through phone, email, and live chat. The company also has a strong online community where users can share tips and advice.
- Security and data privacy: Zerodha takes security and data privacy seriously, and the company has implemented a range of measures to protect its users. The company offers two-factor authentication, SSL encryption, and regular security audits to ensure that its systems are secure.
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- Zerodha does not offer stock tips, research reports, or recommendations to its users.
- Unlimited monthly trading plans are not available, which can be inconvenient for frequent traders.
- There are no lifetime free AMC demat account plans available, which can increase the cost for long-term investors.
- If MIS/BO/CO positions are not squared off by the customer, an additional charge of Rs 50 per executed order is applicable.
- Call & Trade is available, but it attracts an additional fee of Rs 50 per executed order.
- Zerodha does not offer a 3-in-1 trading account since it does not provide banking services.
- Zerodha does not provide access to BSE SME IPOs, although NSE SME IPOs are available for trading.
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In this post we have done Review of Zerodha Trading platform for investment in stock market. Zerodha is no 1 trading platform in India now.
FAQs on Zerodha
A: Zerodha is a discount brokerage firm that offers trading and investment services for stocks, commodities, currency, and derivatives in India. It was founded in 2010 with the goal of breaking down the barriers that traders and investors face in India in terms of cost, support, and technology.
QUE 2. What are the demat trading platforms offered by Zerodha?
A: Zerodha offers multiple trading platforms including Kite, Console, Coin, and Sentinel. Kite is a web-based and mobile trading platform, Console is a web-based back-office platform, Coin is a mutual fund investment platform, and Sentinel is a stock market surveillance platform.
QUE 3. What are the brokerage charges of Zerodha?
A: Zerodha offers zero brokerage on equity delivery trades and charges a flat fee of Rs. 20 per executed order on intraday and futures & options (F&O) trades. Additionally, there are other charges like STT, transaction charges, GST, and SEBI charges that are levied on trades.
QUE 4. Can I open a Demat and trading account with Zerodha?
A: Yes, you can open a Demat and trading account with Zerodha by visiting their website and completing the account opening process. You will need to provide your personal and financial details along with the necessary documents for KYC (Know Your Customer) verification.
QUE 5. Does Zerodha offer margin trading?
A: Yes, Zerodha offers margin trading through its product called “Margin Trading Funding” (MTF). This allows traders to trade with extra funds borrowed from Zerodha at a nominal interest rate.
QUE 6. What is the customer support offered by Zerodha?
A: Zerodha offers customer support through multiple channels including phone, email, live chat, and support tickets. They also have a knowledge base and community forum where traders and investors can find answers to their queries and connect with other users.
QUE 7. Does Zerodha offer research and analysis tools?