Zerodha Demat & Trading Account Review 2020
Zerodha charges a fixed brokerage of Rs. 20 per trade irrespective of the trade volume. You can save huge money on brokerage charges if you trade high volumes regularly.
Let’s assume you do minimum monthly trading of 10,00,000 rupees with 10 trades (20 if we include buying & selling side).
Comparison of Zerodha trading brokerage with ICICI Securities that charges 0.275% (0.55% if we include both buying and selling).
10,00,000 * 12 months * 0.55% = Rs. 66,000.
Comparison of Zerodha trading brokerage with Sharekhan that charges 0.10% (0.2% total on buying and selling).
10,00,000 * 12 months* 0.2% = Rs. 24,000.
Trading brokerage with Zerodha that charges Rs. 20 per trade
20 trades per month * 12 months * 20 Rs brokerage = Rs. 4,800 only.
Zerodha is a member of BSE, NSC, MCX and MCX-SX and allows you to trade in
- Mutual Funds
- Futures & Options
- Govt. Securities
- Sovereign Gold Bond
Zerodha Demat Account Review
Zerodha Brokerage Charges Review
Zerodha offers 0% brokerage on stock delivery and a flat Rs. 20 per trade.
Detailed Zerodha Charges
|Equity Delivery||Rs. 0|
|Equity Intraday||Lower of Rs. 20 per executed order or 0.03%|
|Equity Futures||Lower of Rs. 20 per executed order or 0.03%|
|Equity Options||Rs 20 per executed order|
|Currency Futures & Options||Lower of Rs. 20 per executed order or 0.03%|
|Commodity F&O||Lower of Rs. 20 per executed order or 0.03%|
Call & trade service is available at an additional charge of Rs. 50 per order.
Zerodha Annual Charges
- Zerodha demat & trading account (Equity, F&O and Currency) opening charges – Rs. 200
- Zerodha demat & trading account (Equity, F&O, Currency and Commodity) opening charges – Rs. 300
- Zerodha demat account annual maintenance charges – Rs. 300
Can we Get the Waiver of Zerodha Account Opening Charges?
Zerodha charges a minimal annual fee which is worth to pay if we consider the services provided by Zerodha.
Right now you have to pay the annual charges to open the account with Zerodha. We will update as we find any way to waive the annual charges.
Additional Zerodha Products & Amazing Features
Zerodha Coin allows you to buy mutual funds online directly from the asset management companies and completely commission-free.
You would save on both upfront and trail commission on your investment. To invest directly, you can visit the fund house’s website or office, fill up the form and invest in the fund.
Zerodha Coin is completely free.
#2. Coin Mobile
Coin mobile is a mobile application having all features of Zerodha Coin for investing in mutual funds.
You can log in with your Kite account and start using the app.
#3. Kite Connect API
Kite Connect is a set of simple HTTP APIs built on top of Zerodha’s exchange-approved web-based trading platform, Kite. You can build a full-fledged trading platform Kite connect API.
You would gain programmatic access to data such as profile and funds information, order history, positions, live quotes, place orders and manage portfolio at your convenience.
For startups, Kite connect API is free but for retail, the charges are Rs. 2000 per month.
A Console is a complete trade and reporting dashboard for Kite connect user that allows you to track and manage your own programmatic API access.
You can pause or resume, or invalidate such access, and monitor all activity at any point.
Zerodha Margin / Zerodha Leverage/ Exposure
|Zerodha Margin Equity Delivery||No Margin|
|Zerodha Margin Intraday Equity||Up to 15X|
|Zerodha Margin Index F&O||4.16X|
|Zerodha Margin Stock F&O||3.33X|
|Zerodha Margin Currency Futures||2X|
|Zerodha Margin Currency Options||No margin|
|Zerodha Margin Commodity Futures||2X|
What I Like/Didn’t Like about Zerodha
#1. Kite 3.0
Kite 3.0 is a web-based trading and investment platform which can be used for trading on mobile, tablets, desktop and laptops.
You can search across 90,000+ stocks and F&O contracts across stock exchanges like BSE, NSE and MCX.
- Sleek User Interface
- Real-Time Widgets
- Advanced Charting
- Covers all Stock Exchanges
Kite 3.0 is available for free to all its customers.
#2. Kite Mobile
Kite Mobile App is one of the most advanced trading apps in India available for both Android and iOS. You can trade and monitor live streaming data from BSE, NSE and MCX with the Kite app.
The app is fast and light having bandwidth consumption of fewer than 0.5 Kbps for a full MarketWatch. The app has extensive charting with over 100 indicators and 6 chart types, advanced order types like Brackets and Cover, and millisecond order placements.
You would get all the features of Kite 3.0 in the Kite app.
Sentinel is a market price alerts tool for stocks, futures and options residing on the cloud. You would get a notification whenever the underlying hits the price (today, tomorrow, or months from now) that you have set.
You can set alert for over 80,000+ stocks, bonds, commodities, F&O contracts and currencies across exchanges on OHLC, bids and offers, in addition to the price.
You will get alerts on Kite web and via email.
#4. Zerodha PI (Installable Application)
Zerodha PI is an installable trading terminal. Which features advanced charting, algos, strategies, & backtesting. You can trade across segments at BSE, NSE and MCX using this application.
PI is available for free to all the clients.
My Experience with Zerodha Account Opening Process
How to Open Zerodha Account
The whole account opening process of Zerodha is very easy and online. If you have an Aadhaar card, then the process becomes even smoother.
You would need following documents along with Aadhaar card
- PAN CARD
- Aadhar Card
- Passport size photo
- Cancelled cheque/ Saving bank account passbook
It hardly takes 30 mins to complete your demat and trading account opening procedures and your account will be opened within a day.
Zerodha is best for regular traders who don’t need a large margin and don’t want to pay high brokerage.