Is Zerodha free or paid?
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- Updated On:27-Jun-2023
- Replies:1
Short Answer
Zerodha is an Indian discount stock broker which provides various services to its customers. Zerodha is a paid platform with Rs 200 as account opening charges and their brokerage rates are different for each segment which are discussed in detail.
Detailed Answer
Zerodha is an Indian discount stock broker which provides various services to its customers related to investing. Zerodha is an award-winning broker for its premium user experience and industry-leading brokerage rates. The platform is paid for most services, unlike many other brokerage companies which provide free demat accounts to its new users. However, it is one of the most trusted and reliable platforms in the Indian brokerage industry.
Zerodha Brokerage Account
Various charges in Zerodha include the following:
- The services on the Zerodha platform are chargeable but provide value at a minimum cost. A user can open a brokerage and trading account with Zerodha by submitting all the required documents and by paying an account opening fee of Rs 200. This is a one-time non-refundable fee payment made to Zeodha at the time of account opening. It is majorly to ensure more serious traders and investors join the platform.
- For investing, the platform offers flat Rs 0 commissions for long-term investing purposes. After holding a stock for 1 day after the traded day, the user can sell the stock for absolutely zero commission. This encourages investors to invest in the stock market for a larger time frame. Zerodha also provides zero-cost and commission-free investments to mutual funds directly through their Coin app.
-** For Intraday trading or day trading and commodity trading purposes**, their platform provides industry-leading brokerage rates at Rs 20 or 0.03% of the stock value per trade whichever is lower in price.
- For futures and options trading, the platform offers a fixed standard rate of Rs 20 per trade.
- The platform also offers services of call and trade where the account holder can call to trade and the charges for the same are Rs 50 + GST per order. Features like auto square-off are also available in Zerodha, where the positions are squared off automatically near the market closing timing and the platform charges Rs50 + GST per order for this service.
Hence, Zerodha offers free equity and mutual fund investments at no commission and charges specific amounts for account opening and each type of trade or service provided to the account holder.
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Discussion (0)
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