Zerodha Brokerage Charges, Margin, Trading Policy and Review 2021
Zerodha Broker Review 2021
Discount broker Zerodha was incorporated in 2010. In recent years it has been progressing and currently Is the firm holding most active accounts in INDIA. Zerodha has a fixed accounting charge levied at the beginning which sums to 300 Rs. including equity and commodity services. They provide the account once verification is done and the person can start trading right away.
Zerodha Account Review
In Zerodha while opening the software KITE you will be provided with 5 watchlist which you can arrange on your own. Every share has been detailed out from financial to future projections and strategies are also laid out in case anyone wants to follow them. It provides details about the overall P&L, trades executed (trade book). You can track your funds and withdraw them whenever required. Also you can directly link all the accounts like STREAK, COIN and hence makes it easier to invest in different products using the same account. It has a very appropriate tutorial and user manual and also provides its brokerage calculator for double checking and verification of the same.
Problems Solved by Zerodha
Before Zerodha commenced its business there were a lot of problems faced by investors and especially traders. Following are some of them which have been overcome after Zerodha’s launch.
- High Brokerage.
- Transparency in Brokerage and other cost.
- Unauthorized trades of one’s own holdings by the broker firm.
- Online platform for trading
- Daily and simple back office
Open Online Demat Account instantly
Zerodha Trading Platform Review
Person can execute orders using the CNC or MIS option and set the trigger points to make sure that risk is minimum. Before settling the order a person needs to verify the same with CDSL which sometimes takes some time so it is advisable to undertake the verification upfront before execution so that at proper levels the order can be executed. It has its software STREAK where you can strategize and do algo trading without using any coding language. Through Coin one can invest in mutual funds and all this is linked to in a single account for ease of investing. Person can analyse charts provided through Trading view and IQ chart, use various indicators and patterns listed there and can also get detailed information on technicals regarding the same.
Also Read: Zerodha – Lowest Discount Brokerage Charges
Zerodha PI – Desktop Trading tool Review
Zerodha Review on it’s trading platform features is as follows:
- Online trading platform
- Multiple watchlists
- Easy to use and help provided whenever needed
- More than 99 technical indicators
- Algo trading platform
- Run backtests whenever required
- Scanner for finding the perfect stock
Zerodha Kite Web / Mobile App – Review
- Simple UI interface
- Customisation for watchlists
- Multiple charts can be analysed at once
- More than 99 Technical indicator
- Company overview from details sections of every stock
- Call order and buy order can be placed with limits
- KITE is supported by both IOS and android
Educational Programme
- Varsity for education and Pulse for daily market news
- Z-connect for in app queries
- Daily blogs on website about the economy
- Varsity provides stock market knowledge and steps for how to trade. It also provides Information on analysing charts and reading balance sheets
- Pulse keeps your updated with daily market movements and changes.
Also Read: Step By Step Guide how to select right Broker for you
Q – Quant – Back office software Review
- Reporting tool ‘Q’ that provides information on trades, positions, capital management and tax ready P&L statements.
- Quant, a sabermetric tool that gives statistical information based on the client’s trading style.
Zerodha Streak Review – Algo Trade , Without Coding
The streak is the world’s first retail algo trading platform that requires Zero coding skills. Streak has integrated its platform with Zerodha, India’s largest discount broker and is happy to serve 1000000+ Zerodha customers.
Streak has more then 60 indicators and more then 1 million unique algos with various indicators combination.
How to use Zerodha Streak – Step by Step Guide
Zerodha User Review
Zerodha has a 24/7 facility for solving customer related queries. It is the largest broker firm in India with more than 25 lakh active trading accounts.
It is the best rated discount broker across India and also preferred by various online platforms.
PULSE by Zerodha is the online news site for daily updates on the stock market. It keeps the customers posted with daily market updates through its kite series and hence provides the best financial services offered by a discount broker online.
Open an Instant Trading Account online with Aadhar card.
The documents required to open an account in Zerodha include:
- Aadhar Card
- Pan Card
- Address Proof – Bank statement , Driving licence ( any one )
- Cancel Chq
- For trade derivatives, 1 copy of the following documents is required – Pay slip (latest), Form 16 / IT Returns (latest) and 6 month bank statement (latest)
Offline Form
The documents required to open an account in Zerodha include:
- Aadhar Card
- Pan Card
- Address Proof – Bank statement , Driving licence ( any one )
- Cancel Chq
- For trade derivatives, 1 copy of the following documents is required – Pay slip (latest), Form 16 / IT Returns (latest) and 6 month bank statement (latest)
The forms are filled and signed along with Rs. 200, a fee for opening the account, has to couriered to Any of Zerodha Branch or the head office at Bangalore. A period of 2 to 3 business days is generally taken for processing and creation of the trading account.
Zerodha intimates their customers about successful creation of trading account through email. It also provides the trader with the username and password to access the trading account online.
Zerodha Tie – up with IDFC BANK – Open 3 in 1 Trading Account
Also Read: List of Top 10 Discount Stock Brokers in India
Zerodha Margin
Equity delivery | 1 times |
Equity future | 2.5 times |
Equity options | 2.5 times |
Equity Intraday | 20 times |
Commodity future | 2.5 times |
Commodity options | 2.5 times |
Currency futures | 2.5 times |
Currency options | 2.5 times |
Zerodha Brokerage
Equity delivery | FREE |
Equity future | Rs. 20 or 0.03% of turnover (whichever is lower) |
Equity options | Rs. 20 per executed order |
Equity Intraday | Rs. 20 or 0.03% of turnover (whichever is lower) |
Commodity future | Rs. 20 or 0.03% of turnover (whichever is lower) |
Commodity options | Rs. 20 or 0.03% of turnover (whichever is lower) |
Currency futures | Rs. 20 or 0.03% of turnover (whichever is lower) |
Currency options | Rs. 20 or 0.03% of turnover (whichever is lower) |
FACTS:- Zerodha has a 60 day challenge. If a trader is profitable for 60 days all the brokerage charged is refunded.
Zerodha Support Email id : [email protected]
Also Read: Compare Brokerage Companies in India