Why do people prefer Zerodha over other discount brokers in India?
- Asked By
- Updated On:04-Apr-2022
- Replies:1
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.
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Discussion (0)
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