Zerodha Review: Zerodha is one of the No.1 stock broker in India in terms of the total number of active traders.
As per NSE data updated on 31 January, 2020 Zerodha has 12,06,812 active traders, which is highest among all other stock brokers in India.
Read: Top 20 Stock Brokers with Highest Number of Active Trader
Zerodha is a Bangalore based company founded by Nithin Kamath in 2010. In 10 years of journey, Zerodha has achieved multiple success. Currently, Zerodha is offering to trade in Equities, Commodities, & Currency Derivatives.
Page Contents
Watch Zerodha Detailed Review In Hindi: 2020
Account Opening Fee of Zerodha:
Account opening in Zerodha is completely online, they charge following charges for account opening in Zerodha.
| Equity Trading & Demat Accounts Opening Fee (Online) | ₹200 |
| Equity Trading & Demat Accounts Opening Fee (Offline) | ₹400 |
| Commodity Trading Account | ₹100 |
| NRI Account (offline only) | ₹500 |
| Partnership, HUF, LLP, or Corporate accounts (offline only) | ₹500 For Equity ₹800 for Equity & Commodity |
If you wish to open both equity and commodity trading accounts you will need to pay ₹300/- ( Rs. 200 for Equity Trading + Rs. 100 for Commodity Trading ) for online and ₹600 for Offline.
AMC (Annual Maintenance Charge) Of Zerodha
They Charge ₹300 + GST per year for annual maintenance Charge of DEMAT Account. There is no maintenance charge for the commodity trading account.
Brokerage of Zerodha: They charge a flat brokerage of Rs. 20 or 0.01 % for per Executed trade whichever is lower In all segment Equities Intraday, Commodities & Currency derivatives.
There is no brokerage for equity delivery trading which is free in Zerodha for all customers.
Zerodha Brokerage Review
Brokerage of Zerodha : 2020
| Equity Delivery | ₹0 |
| Equity Intraday | ₹20 per trade or 0.01% whichever is lower |
| Equity Futures | ₹20 per trade or 0.01% whichever is lower |
| Equity Options | Flat ₹20 per executed order |
| Currency Futures & Options | ₹20 per trade or 0.01% whichever is lower |
| Commodity Futures & Options | ₹20 per trade or 0.01% whichever is lower |
Other Charges: Apart from brokerage every stock brokers charge other charges like Exchange transaction charge, Securities Transaction Tax (STT), SEBI Turnover Charges, Goods and Services Tax (GST), State-wise stamp duty, etc.
Other Charges in Zerodha
| Segments | Securities Transaction Tax | Exchange Transaction Charge | SEBI Charge | GST (Brokerage + Transaction Charge) |
| Equity Delivery | 0.1% on buy & sell | NSE: 0.00325% BSE: 0.003% | ₹10 /crore | 18% |
| Equity Intraday | 0.025% on the sell side | NSE: 0.00325% BSE: 0.003% | ₹10 /crore | 18% |
| Equity Futures | 0.01% on sell side | NSE: 0.0019% | ₹10 /crore | 18% |
| Equity Options | 0.1% on buy & sell | NSE: 0.05% (on premium) | ₹10 /crore | 18% |
| Currency Futures | No STT | NSE: 0.0009% BSE: 0.00022% | ₹10 /crore | 18% |
| Currency Options | No STT | NSE: 0.035% BSE: 0.001% | ₹10 /crore | 18% |
| Commodity Futures | 0.01% on sell side (Non-Agri) | 0.00005% – 0.0026% | Agri: ₹1 /crore Non-agri: ₹10 / crore | 18% |
| Commodity Options | 0.05% on sell side | ₹0 | ₹10 /crore | 18% |
Documents Required to Open Account with Zerodha:
You should have the following Documents to open a Trading & DEMAT Account
- PAN Card
- Address Proof ( Election ID, Driving License, Passport, Bank Statement {Latest 1 month Old}, Latest BSNL Landline Bill) All Documents Should be attested by a Gazetted Officer or Notary
- 2 Passport size color photograph.
- 2 Cheques.
- 1 canceled cheque.
- 1 Cheque favoring Zerodha, Amounting to Account opening fee.
If you want to trade in F & O then you will need to give a copy of any of the following documents.
- 6 Months Bank statement ( Latest)
- Latest IT return/Form 16
- Pay Slip
Frequently Asked Questions
What are the benefits of Zerodha?
Following benefits, Zerodha provides to their customers
• ₹0 foe equity delivery trading.
• Lowest Brokerage
• Paperless online account opening.
• A separate application for trading on desktop & mobile.
• You can Invest it commission-free Mutual fund i.e direct fund
How much brokerage Zerodha charge for intraday?
Zerodha charges brokerage of flat ₹20 per trade or 0.01% whichever is lower for equity Intraday and Equity Futures.
How much brokerage Zerodha charge for Options trading?
For options trading, Zerodha charges flat ₹20 per lot for the executed order. This is very low in comparison with full-service stock brokers.
How many active clients does Zerodha have?
Zerodha has 12,06,812 active clients as per the data updated on 31 January 2020 on NSE portal.
Is Zerodha safe for beginners?
Yes, Zerodha is safe for beginners because Zerodha is a No.1 share broker and they have many options to trade online safer.
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