Zerodha Review

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Zerodha is one of India’s no.1 brokerage firms. It is the most popular and largest broker offering online service providing flat free discount brokerage to invest in equity, commodity, currency, IPO and Direct Mutual Funds.

Zerodha charges no-cost brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges Rs 20 or 0.03%, whichever is lower, per trade. For any size, amount or segment, Zerodha charges a maximum of Rs 20 on any transaction for an order

Key Strengths

Some of the few key strengths of Zerodha are:

  1. One of the largest stockbrokers by market clients, active clients and customer acquisition
  2. Offers the advanced online trading tools
  3. One of the safest, most trustworthy reliable broker
  4. Charges zero brokerage fees for equity delivery and mutual funds
  5. Offers up to 20 times leverage on intraday trading
  6. Offers zero commission on direct mutual funds

Zerodha is one of the most technologically advanced stock brokers in India. It is built on its own trading software Zerodha Kite, Coin, Varsity, Trading Q&A and various other tools. It offers Smallcase, Streak, Sensibull and GoldenPi as well.

Fee structure

The fee structure of Zerodha is as follows:

  1. Securities Transaction Tax (STT)

This is charged only on the sell-side for intraday and F&O trades. For equity, it is charged on both sides for delivery trades

  • Goods and Services Tax (GST)

This is charged at 18% of the total cost of brokerage plus transaction charges

  • SEBI charges

Charged Rs 10 per crore

  • Transaction charges (exchange turnover charges)

This fee charged by the stock exchanges for using their trading platform

  • Stamp duty

Eq delivery- 0.015% of the buy-side, Eq Intraday- 0.03% buy-side

Hidden charges:

  1. An extra cost of Rs 50 per call for the Call and Trade feature
  2. An additional charge of Rs 50 per executed order for MIS/BO/CO positions that are not square off by the customer
  3. Digital contract notes are sent via email. Physical copies charges and additional of Rs 20 per contract
  4. Instant payment gateway charges for over 22 banks: Rs 9 per fund transfer
  5. DP charges for delivery based equity selling: Rs 13.5+GST per transaction

Advantages of Zerodha

Some of the various benefits of using Zerodha are as follows:

  1. It is the most popular broker in India
  2. Safest, most reliable and trustworthy broker in India
  3. The best tools and trading platforms in the industry
  4. It is the cheapest share broker in India
  5. Zerodha referral program offers you a 10% brokerage share if you refer the platform to a friend
  6. It is a self-clearing broker
  7. Online IPO application
  8. Pay as you go brokerage plans

Disadvantages of Zerodha

Some of the drawbacks of using Zerodha are as follows:

  1. Does not provide stock tips, research reports and recommendations
  2. Lifetime free and AMC Demat account is not available
  3. Monthly unlimited trading plans are not available
  4. 3 in 1 trading account is not available
  5. BSE SME IPOs are not available. On the other hand, NSE SME IPOs are available
  6. Call & Trade adds an extra charge of Rs 50 per executed order

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