Zerodha, founded in 2019 by Nitin Kamath, is the biggest discount broker in India. It has over +1 million clients and contributes to over 10% of daily retail trading volumes across the Indian Stock Market. It’s mobile app ‘KITE’ has got over +1,000,000 download on the play store.
Zerodha Review: Brokerage Charges
Here are the brokerage charges offered by Zerodha
– Free equity delivery
All your equity delivery investments (NSE, BSE), absolutely free — ₹0 brokerage.
– ₹20 intraday equity and F&O trades
₹20 or 0.01% (whichever is lower) per executed order on intraday trades across equity, currency, and commodity trades across NSE, BSE, and MCX.
Account Opening Charges:
For opening a trading and demat account at Zerodha, here are the charges:
- Equity Trading Account: ₹300
- Commodity Account:₹200
The annual maintenance charge (AMC) for the demat account is Rs 300.
Note: You can read this detailed post to learn how to open your demat and trading account at Zerodha.
Advantages of Using Zerodha:
- Zero Brokerage Charges for Delivery
- Flat Charge for Intraday Trading
- No minimum balance required to open Zerodha trading account
- Minimalistic, intuitive, responsive web-based trading platform Kite
- Other products like Coin, Small case, etc.
Disadvantages of using Zerodha:
- GTC/GTD options not available
- 3-in-1 account (Saving+Demat+Trading) not available.
- Call and trade not free for the customers.
- Online IPO investment through KITE app is not available.
Note: You can read the complete Zerodha review here.
Zerodha offers a brokerage of Flat ₹20 irrespective of the trading volume. Therefore, you can save a lot of brokerage charges on your trades using this discount broker Zerodha as your broker. Further, they also offer different educational initiatives which can be beneficial for the beginners.