Zerodha is one of the leading discount brokers in India. Zerodha has attained this position as a result of their large trading volume, their huge customer base and the rate with which they have grown in past couple of years. Zerodha was founded in August of 2010 by Nitin Kamath, a professional trader of over a decade. He set up Zerodha to solve the many problems faced by investors and traders in India. The company has since gone on to change the brokerage landscape in India.
Among the several brokerage firms in India, Zerodha was one of the first to go online. Any person interested in opening an account online can walk into any of their offices or sign up online. The firm gives clients the opportunity to invest in share markets such as the BSE, NSE and MCX. In a recent Zerodha review, the company was reported to have an impressive turnover of up to Rs. 7000 Crore which is about 5% of NSE total turnover.
Zerodha was the first brokerage company in India to initiate the idea of discount share broking. You can now save up to 80% to 90% brokerage fees by trading with them. Compared to other full-service brokerage firms, Zerodha’s brokerage rates are extremely cheap and competitive . Zerodha began a new concept of allowing retail clients trade for free with Equity Delivery .
Zerodha Account Opening Form
Zerodha brokerage charges are as below :
• Equity Delivery is Free.
• Equity Intraday of 0.01% or Rs. 20 per trade dependent on which is lower.
• Equity Future of 0.01% or Rs. 20 per trade dependent on which is lower.
• Equity Options of 0.01% or Rs. 20 per trade dependent on which is lower (on Turnover).
On observing Zerodha review from several reports, it’s discovered that they allow their clients buy and sell stocks, options, and futures such as Equity, Commodity, and Currency.
Zerodha clients can trade for free on an electronic platform which they designed.
The trading platforms provided by Zerodha include :
• The Zerodha Pi desktop application.
• The Zerodha KITE mobile application.
• Call and Trade at Rs. 20 per call.
• Zerodha Bridge plug-in for AmiBroker which is a widely used technical analysis software that can be utilized in a semi-automated way.
Zerodha offers its clients three different kinds of accounts for trading and they include :
• Zerodha Trading Account
Zerodha provides an online trading account for trading in stocks, indices, currencies, and derivatives on NSE and BSE. Trading can be done via the software-based platform, the mobile platform, the mobile application or the Call & Trade option. All settlements on a Trading Account occurs on T+1 day. There is no yearly maintenance charge for Trading Account and Rs. 300, this account can be opened.
• Zerodha Demat Account
You need a Demat Account only when you want to trade in a delivery-based equity trading. The shares will appear on your Demat Account on T+2 days. You don’t require a Demat Account if you are trading in F & O whether you’re a positional (overnight) trader or an Intraday trader. You can open a Demat account with Rs. 100 and AMC of Rs. 300.
• Zerodha Commodity Account
You can trade only in Commodity Future on MCX exchange with Zerodha. There is no yearly maintenance charge for your Commodity Account at Zerodha. Only prospective trade on MCX and so there is no need for a Demat Account for commodity trading. Commodity Options have not commenced in India and account opening charges for commodity trading is Rs. 300.