Zerodha is an intuitive investment platform for online trading in India. They supply a range of trading tools, educational materials and market insights. However, they do not offer MT4 and have limited account/funding options compared to other online brokers.
Zerodha Review, Pros & Cons
- Competitive fees
- Intuitive trading platforms
- Educational materials
- Market news
- Clients based in India only
- No MetaTrader platform
- Restricted leverage
- Limited funding options
In this detailed Zerodha review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Zerodha is the largest online stock broker in India (in terms of active clients) with over 1 million clients that contribute towards more than 15% of the total retail volume traded in India on a daily basis. They offer an online platform for investing in futures, options, commodities, forex, stocks, IPOs, mutual funds & bonds.
Founded in 2010 and targeted towards the Indian market, Zerodha is a discount brokerage with transparent pricing including flat fees and no hidden charges. In addition to online broker services, they also provide a selection of trading tools, educational materials and a trader’s community.
Zerodha is regulated by the Securities and Exchange Board of India (SEBI). The SEBI is in place to regulate the securities market and protect the interests of investors. Zerodha Broking Ltd is a member of NSE (National Stock Exchange) & BSE (Bombay Stock Exchange).
Zerodha is an online brokerage for Indian investors located in India. Some Zerodha broker features and products mentioned within this Zerodha review may not be available to traders from specific countries due to legal restrictions.
Zerodha supply investors with sleek, modern, and intuitive trading platforms.
Kite is their flagship proprietary trading platform that gives fast and reliable streaming market data, advanced charts for conducting complex analysis, a user-friendly interface, and has many other features for a comfortable trading experience. Kite is compatible with your Android and iOS devices.
Console is the central dashboard for users Zerodha account. From within the console you can gain useful up to date insights into your existing positions and investments along with in-depth reports and visualisations.
With Coin you can buy unlimited direct mutual funds without any commission charged. They are delivered directly to your Demat account. Coin is also available on Android and iOS compatible devices.
Zerodha Trading Tools & Education
Kite Connect API
This API lets you build investment apps to share with other Zerodha clients. You can create trading platforms and experiences using the provided HTTP/JSON APIs.
This provides an overview and detailed collection of stock market lessons that can help investors of all experience levels increase their knowledge. Each lesson is broken down into easy to understand snippets along with illustrations. This can be a great way to learn more about the markets whilst on the go.
Sentinel lets you create free cloud based customised market alerts for stocks, futures, options, etc.
Zerodha does support automated trading through expert advisors (EAs). You can code your technical analysis strategies in TradeScript or choose from other strategies already provided. You may back test your strategy on Pi to study its historical performance and take it live on Pi Expert Advisors to generate real-time trading signals with one-click execution.
Pulse provided by Zerodha supplies you with the latest business, finance, and market news from the last 24 hours from all major Indian news sources aggregated in one place. The Pulse app is available for download on both Android and iOS from the relevant app stores.
Zerodha have an online community forum where traders can ask and answer questions related to trading and the stock market.
There is a useful set of trading calculators on the Zerodha website to help you calculate trading costs and potential profit/loss.
Clients of Zerodha have access to multiple asset classes including futures, options, commodities, forex, stocks, IPOs, mutual funds & bonds.
Zerodha Accounts & Fees
Zerodha offer free equity investments (NSE, BSE) and a flat ₹20 (Indian Rupee / INR) or 0.01% (whichever is lower) per executed order on intraday and F&O trades across equity, currency, and commodity trades. In addition to this, all direct mutual fund investments are also free. For a detailed overview of all charges please refer to the “charges” section of the Zerodha website.
As broker fees can vary and change, there may be additional fees that are not listed in this Zerodha review. It is imperative to ensure that you check and understand all of the latest information before you open a Zerodha broker account for online trading.
Equity & Derivatives Trading Account
An Equity & Derivatives Trading account is what you open with a Trading Member (Stock Broker) of a recognised Stock Exchange (presently NSE,BSE and MCX-SX in India). This account is for if you intend to trade only Futures & Options and/or Currencies, be it Intraday or Positional.
Equity Demat Account
Dematerialized Account popularly known as Demat Account, is the account where you keep stocks in electronic format. This account is for if you intend to take delivery of Stocks (buy and hold stocks overnight) along with trading in Futures & Options and/or Currencies.
Commodity Trading Account
A Commodity Trading account is what you open with a Trading Member (Commodity Broker) of recognised Commodity Exchange (MCX, NCDEX etc. in India). This account is useful if you only intend to trade Commodities.
Zerodha are based in Bengaluru with over 120+ branches and partner offices throughout India. Support is provided via telephone and email. Only existing clients can call support numbers by entering their Telephone Code. All lines close at 2:00 PM on Saturdays for the weekend. It would be beneficial if they offered online chat for extra convenience.
Zerodha Deposit & Withdrawal
You can deposit and withdraw from your Zerodha account using bank transfer. Bank transfers may take a few business days to clear. All funds deposited into your trading account must be under the same name as your Zerodha trading account.
Zerodha Account Opening
You can open a real or demo trading and Demat account online or via the mobile application to start investing with Zerodha. It only takes a few minutes to complete the signup form and gain access to the trading platform and tools.
Zerodha is an easy to use investment platform for traders located in India although they do have a limited product range compared to other online brokers and do not offer the popular MetaTrader platform. There is a good range of trading tools, educational materials and market insights.
All securities trading, whether in stocks, exchange-traded funds(“ETFs”), options, or other investment vehicles, is speculative in nature and involves substantial risk of loss. The past performance of a security, or financial product does not guarantee future results or returns. You should consider whether you understand how these investment vehicles work and whether you can afford to take the high risk of losing your money.