Zerodha: Trading & Demat Account, Reviews, Charges: 2020

Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base.

Zerodha: Overview

Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be determined by volume, number of active customers or the overall growth rate. Surprisingly, 2+ million Zerodha clients are contributing to over 15% of the aggregate retail trading volumes across BSE, NSE and MCX. That's a pretty good number to display!

A technologically advanced and fully functional broking firm offering a plethora of services and products. The services include investing and trading in Equity, Currency, Commodity, IPO and Direct Mutual Funds. So, this online trading platform lets you invest in stocks, derivatives, mutual funds, and much more.

As far as, brokerage fee is concerned, Zerodha charges ₹0 brokerage on equity i.e. FREE equity delivery trades. So, the maximum intraday and F&O brokerage you pay for a transaction is ₹20 for an executed order.

Zerodha has established itself in the topmost places in the list of reliable & trustworthy brokers in India. And why not, its level of services and highly advanced and updated investment tools and apps are very much appreciated by its users.

Zerodha Trading Tools

These are the numerous trading tools privided by Zerodha:

  1. Zerodha Coin (A mutual fund investment platform)
  2. Streak (algo & strategy platform),
  3. Sensibull (An options trading platform)
  4. Zerodha Varsity (An investor education program)
  5. Trading Q&A
  6. Smallcase ( athematic investment platform)
  7. GoldenPi (bonds trading platform) Let's keep exploring more details on this discount broker and discuss further about it.

Zerodha Account Opening Charges: 2020

Zerodha Account Opening Process

If you wish to trade in stocks, commodity or currency or to invest in stocks and mutual funds with Zerodha, you are required to open a trading account and a demat account. However, if you are planning to trade only in derivatives, a demat account is not mandatory.

Zerodha offers 3 types of accounts:

  • A Trading account for equity and currency derivatives.
  • A Demat account to take delivery of stocks.
  • A Commodity account to trade commodity futures on MCX.

Zerodha also offers a 2-in-1 Demat and trading account.

Although, a customer account has access to all the segments. But, you have to share your preferences for trading in which segment that shall be enabled separately at the time of account opening or at later point of time.

How to open an account with Zerodha?

To open account with Zerodha, you can access the instant account opening link and add your contact information there. A Zerodha representative shall contact you in a short while and walk you through you through the steps and process of opening a Demat and Trading account.

Zerodha offers a quick, easy and convenient online account opening process. You can fill the information online, and get started with the account opening formalities.

Zerodha Account Brokerage Charges: 2020

Zerodha : Flat Brokerage Plan Brokerage Charges

ChargeAmount
Plan NameFlat Brokerage Plan
Equity Delivery₹0 (Free)
Equity IntradayFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity FuturesFlat ₹20 or 0.03% (whichever is lower) per executed order
Equity OptionsFlat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
Currency FuturesFlat ₹20 or 0.03% (whichever is lower) per executed order
Currency OptionsFlat ₹20 or 0.03% (whichever is lower) per executed order
Commodity OptionsFlat ₹20 or 0.03% (whichever is lower) per executed order
Mutual Fund₹0 (Free Unlimited Direct MF)

Zerodha Equity Brokerage: 2020

Trading SegmentEquity DeliveryEquity Interaday
Brokerage₹0 (No Brokerage)Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)0.1% on both Buy and Sell0.025% on the Sell Side
Transaction / Turnover ChargesNSE: 0.00325% | BSE: 0.003% per trade (each side)NSE: 0.00325% | BSE: 0.003% per trade (each side)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise

Zerodha Equity F&O Brokerage: 2020

ChargeEquity FuturesEquity Options
BrokerageFlat ₹20 or 0.03% (whichever is lower)Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover ChargesNSE: 0.0019% | BSE 0.003% (each side) NSE 0.05% | BSE 0.003% (each side) (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise

Zerodha Currency F&O Brokerage: 2020

ChargeCurrency FuturesCurrency Options
BrokerageFlat ₹20 or 0.03% (whichever is lower) Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)No STT No STT
Transaction / Turnover ChargesNSE: 0.0009% | BSE: 0.00022% NSE: 0.04% | BSE: 0.001% (on premium)
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise

Zerodha Commodity F&O Brokerage: 2020

ChargeCommodity FuturesCommodity Options
BrokerageFlat ₹20 or 0.03% (whichever is lower) Flat ₹20 or 0.03% (whichever is lower)
Securities Transaction Tax (STT)0.01% on sell side (Non-Agri) 0.05% on sell side
Transaction / Turnover ChargesGroup A: Exchange txn charge: 0.0026% Group B: Exchange txn charge: Pepper - 0.00005%, Castorseed - 0.0005%, Rbdpmolein - 0.001% ₹0
Goods and Services Tax (GST)18% on (Brokerage + Transaction Charge)18% on (Brokerage + Transaction Charge)
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Stamp ChargesState wiseState wise
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