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, 3+ 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 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 namely: 1. A Trading account for equity and currency derivatives.

  1. A Demat account to take delivery of stocks.

  2. A Commodity account to trade commodity futures on MCX.

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

Although, a customer account has access to all the segments. But, you have

Zerodha Account Opening Charges:2020

ChargeAmount
Demat Account Opening Charges₹0 (Free)
Trading Acc Opening Charges₹200 (Equity) + Rs.100 (Commodity)
Trading Account AMC₹0 (Free)
Demat Account AMC₹300 per year

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\t0.05% on Sell Side(on Premium)
Transaction / Turnover ChargesNSE: 0.0019% | BSE 0.003% (each side)\tNSE 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 Trading

Zerodha is probably one of the biggest discount brokers out there. That is for good reason. Zerodha’s emphasis on customer experience at low cost is probably unparalleled in the sector, so it is no surprise that it has moved to an expansionary stage. Zerodha also offers currency trading, but first,

Zerodha Currency F&O Brokerage: 2020

ChargeCurrency FuturesCurrency Options
BrokerageFlat ₹20 or 0.03% (whichever is lower)\tFlat ₹20 or 0.03% (whichever is lower)\t
Securities Transaction Tax (STT)No STT\tNo STT\t
Transaction / Turnover ChargesNSE: 0.0009% | BSE: 0.00022%\tNSE: 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 Trading

Zerodha Brokers pioneered the Discount broking space in India and still continues to be one of the top investor preferences. The word Zerodha or 'Zero' 'dha' meaning Zero cost or free of charge transactions. It was the first discount broker to offer the no-brokerage policy to encourage more and more

Zerodha Commodity F&O Brokerage: 2020

ChargeCommodity FuturesCommodity Options
BrokerageFlat ₹20 or 0.03% (whichever is lower)\tFlat ₹20 or 0.03% (whichever is lower)\t
Securities Transaction Tax (STT)0.01% on sell side (Non-Agri)\t0.05% 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%\t₹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

Zerodha Margin/Exposure

Zerodha interaday, delivery, F&O, currency and commodity margins/exposure

SegmentTrading Margin
Equity Delivery1x (no margin)
Equity IntradayUp to 20x (based on the stock)
Equity FutureIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity OptionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency FutureIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency OptionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity FutureIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options

GTT in Zerodha is an acronym for the Good Till Trigger feature offered by Zerodha that lets the investor select a trigger price and a set of predetermined conditions that as and when are met, an order is placed automatically.

If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.

IOC simply stand for Immediate Or Cancel (IOC) orders. As you get more and more familiar with trading terms and slang, you might realize that each term is supposed to be linked with others, which form this sort of conjoined strategies. These strategies are usually what result in successful trading, rather than speculation.

A simple straightforward short answer. You can change bank account in Zerodha online by visiting your \profile page\ in Zerodha Console. But, there are certain conditions for it. Let's discuss this a bit in detail.

Zerodha offers a wide range of services and tools for traders and investors to make their trading experience as seamless as possible. For those wanting to know, What is Zerodha cover order? It's then a unique way to minimize the risk in intraday trading and maximize the profit that one might avail.

A quick answer to this: Yes, Zerodha is a safe and reliable stock broker for trading and long term investment. You might have heard and read so much about Zerodha, a leading and one of the best discount broker in India. It's just amazing to know about their huge customer base and fast growing company. **Do you ever feel that Is Zerodha safe and reliable stock broker for trading and long term investment?

You might have come across these product codes: MIS and CNC. Ever wondered, what they mean? Here you'll learn what is MIS and CNC in context to stock trading in context to Zerodha and other stock brokers in general.

Trigger price is the price entered by a trader during stop-loss limit and stop-loss market orders. Let's understand this in detail. In Zerodha following this mechanism is really simple.

Zerodha Coin has been made completely free. The DP Charges of Rs.5.5 per mutual fund redemption that were used to be charged in the past have now been waived off. So, you don't have to pay any DP charges on mutual fund redemeptions.

Zerodha CDSL TPIN is an advanced and more secure feature in the form of a password, for safely handling your Demat account. So, you wish to know how you can generate the TPIN or when is it actually received. We have explained it in detail.

To withdraw money from your Zerodha trading account, you need to place a withdrawal request by logging into Zerodha Console. Withdrawal of money is completely free. As per regulations, the withdrawal money will be credited only to the bank account which is mapped with Zerodha.

If you are into stock trading, you might have often come across the abbrevations SLM and SL. So, here we'll be clarifying: What is SLM? What is SL? You'll also know the difference, SLM vs SL with examples.

There are many ways to check the IPO allotment status but Zerodha doesn't provide this facility on their website. To check the allotment status you can visit the website of the registrar of the IPO, for example, Link Intime, Karvy. With the help of a PAN number, you can easily check the status.

Trading in the stock market is a pretentious task given the ups and downs it brings to the table. But for traders, brokerage firms have made life simpler and more comfortable to execute relevant trades more straightforwardly. For the same, we have Bracket Orders (BO) from leading stock brokers like Zerodha that helps in keeping a constant tab on the selling and buying of stocks on pre-determined specifications.

So, you wish to know how to do short selling in Zerodha or with any stock broker for that matter. In simple words, Short selling is When you go short, you sell the stock first and buy it later. The same has been explained in detail here.

You want to enable commodity segment in Zerodha, but wondering how it's done. Here we'll discuss ways to activate the commodity segment in your Zerodha account and open a new Commodity account with the leading discount broker in India.

NFO in Zerodha is the abbreviation of "New Fund Offer". It refers to the introductory offer of a scheme by an AMC (Asset management company). An NFO is raised when a fund is launched and this will help the firm to raise capital for purchasing securities. 

DP charges apply if you sell shares from your demat account. This is an income source for depositories (CDSL or NSDL) as well as its Depository participants (Stock brokers). DP charges are applicable only one time per scrip in a single day irrespective of the quantity you actually sell.

Your finances on track