Why do people prefer Zerodha over other discount brokers in India?

  • Asked By
  • Updated On:
  • Replies:

Short Answer

The popularity of Zerodha has grown manifolds in recent times, all thanks to its simple trading tools, low and effective broker charges, Zero opening charges, and an all-round package for investors looking for a reliable and effortless trading platform.

Detailed Answer

India comprises hundreds of stockbrokers that offer varied services of extreme lengths. Tis quite a competition-oriented domain wherein only one stockbroker can cap the demand for a reliable broker offering reliable brokerage, and its none other than Zerodha. However, for anyone who might be wondering why Zerodha is quite popular, then the reasons are given.

Why do people prefer Zerodha?

  • Seamless account opening process. It hardly takes 1-2 days for the entire process of opening a Demat account to be completed.
  • The brokerage is quite low and is capped at 20 rupees for almost all types of trades.
  • The tools offered are free and is crisp to the point. There is no congestion of information; instead, everything is legible and easy to understand.
  • It's a user-friendly broker wherein every step can be analyzed and understood by a beginner or novice.
  • Charts can be customized and even analyzed in different ways as there are plenty of options in viewing them.
  • Moreover, you can create multiple watchlists to track your potential investments.
  • Kite by Zerodha is a lightweight platform that pushes notifications whenever an order is executed or placed.
  • Users do get a brokerage calculator as well.
  • There are beginner tutorials available on the broker's website that provide you with ac complete cross-over on using the platform. Zerodha Varsity is there to guide you throughout with their interesting and educational topics.
  • There are referral programs and points that investors get for referring friends for signing up with the broker.
  • Innovative competitions and other goal-setting features for interactive and active trading parameters.
  • Console feature where you can effectively track the P&L, funds allocation, and other features of your trades.
  • Different fund transfer methods where users can easily deposit funds to their trading account via bank transfers, UPI, and other ways.

Zerodha: The Most Popular Discount Broker in India

Zerodha became popular in recent times, thanks to its growing products & services, low charges on opening an account, updated features and ease of trading. Its where users have to pay a low AMC, and its quite reasonable and competitively priced. The app gets updated at regular intervals adding newer updates and features of sorts in helping traders to trade in the best possible scenario.

The customer service team is also very quick to respond to your queries. And, what else to look for in the best discount broker in India. Do share your experiences with Zerodha or any other stock broker.

Tagged With: zerodhastock brokerstock tradingbroker
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
Related FAQs
Which is best 5paisa vs Zerodha stock broker?

You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.

Which is the best stock broker for beginners in India?

Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.

Who is the No.1 Stock Broker in India?

When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.

Which is better Sharekhan vs. Zerodha Stock Broker?

I was just going through some stock broker reviews. So, I thought of sharing my opinion, A side by side Comparison of two popular stock brokers: Sharekhan vs. Zerodha.

What are TradingView alternatives in India? I want to know about some alternatives that can be used in place of TradingView.

Are you looking for TradingView alternatives in India? We have compiled a list of some of the best charting platforms for investors and traders.

How to login into Kite Zerodha demat account? What are the ways to login into Zerodha Kite?

To login Zerodha Kite, you have to enter your Login ID and password. Before that, you must have a demat and trading account with Zerodha to have complete access to its stock trading platform.

What is Zerodha? Quora

Zerodha is one of the best discount brokerage firm based in India. It provides a wide range of financial services to investors and traders.

What is Equity and Commodity in Zerodha?

Zerodha is India’s top Discount broker that allows its clients to trade in Equity and Commodities. Equity and commodity are two different asset classes in which you can trade as well as Invest. Know what are equity and commodities in detail.

Is Zerodha better than Interactive Brokers?

Interactive Brokers & Zeodha are two Brokers from the Discount Broking community but both are quite different from one another in terms of Features and Working. One is an Indian discount Stock Broker whereas the other is a U.S based Discount broker that has its branches in many countries. Let's look at them in depth below.

Is Paytm Money better than Zerodha?

You wish to know if Paytm Money is better that Zerodha or it's the other way round. Zerodha being a leading discount broker in India has been there for overe a decade now. While Paytm Money already established in mutual fund investment arena, but a fairly new entrant in stock broking industry. So, let's compare the features and discuss few details on each of them.