Zerodha review (2021) Review

Zerodha is the largest Indian broker in terms of overall active client base. Zerodha is one of the newest members of the Indian equity and derivatives trading economy that have pioneered the art of intertwining technology with conventional financial services, thereby giving a superb boost to traditional equity and derivatives trading in India.

Founded in 2010, Zerodha is officially recognized as India’s first and best-known discount brokerage. It was founded by Nitin Kamath, who worked as a stock trader before founding his own brokerage house.

Apart from the competitive pricing model that made it the first of its kind, Zerodha is also recognized as a pioneer in technology for trading in India.

The brokerage officially commenced operations on 15 August 2010. As its name suggests, mixing the English word ‚Zero‘ and the Sankrit word ‚Rodha‘ (Barrier), Zerodha had a vision to break down the possible barriers faced by various traders, investors and various other aspiring money makers in the country’s economic scenario. It is regulated by the Securities and Exchange Board of India.

Zerodha main Webpage

  1. Regulators SEBI
  2. Minimum Initial Deposit $0
  3. Leverage- 20X Leverage for Trading

 

Zerodha’s trading platforms

An Indian broker offers following platform for trading:

  • Kite 3.0 is a web-based trading and investment platform that you can use to trade on mobile devices, tablets, desktops and laptops. You can search over 90,000 stocks and F&O contracts on stock exchanges such as the BSE, NSE and MCX.

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 the BSE, NSE and MCX using the Kite app.

 

  • Sentinel
    Sentinel may be a value alerts tool for stocks, futures and choices residing on the cloud. you’d get a notification whenever the underlying hits the worth (today, tomorrow, or months from now) that you just 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, additionally to the worth.

You will get alerts on Kite platform and via email.

Types of accounts
At Zerodha, only Indian residents and non-resident Indians (NRI) can open an account.

There are two account types available:

  • Demat & Trading account – for equity and currency trading
  • Commodity account – for commodity trading

There is no demo account available.

Trading instruments

Stocks

Zerodha offers more than 5000 stocks for both intraday and delivery trades. It is listed on the National Stock Exchange and Bombay Stock Exchange. Stocks are available on Console, Kite, Sentinel, Smallcase, StockReports, and Streak.

Direct mutual funds

Zerodha offers more than 2,000 direct mutual funds without a distributor. By using this, you can save up to 1.5% on commissions or brokerage yearly, and it is available on Coin.

Futures & Options

You can trade oil, metals, agricultural commodities, stock, index, futures, and options in MCX and NSE. This is available on Zerodha Margin calculator, Sensible, Streak, and Kite.

IPO

Zerodha members can apply online, and they can also invest in companies that are listed on the Indian stock exchange with an IPO with their BHIM UPI app. It is available on Console and Upcoming IPOs.

 

Gift stocks

Zerodha offers gift stocks where you can introduce your family and friends to investing long term by giving them ETFs, mutual funds, gold bonds, and stocks.

Fixed income

Zerodha offers fixed income where you can invest in gold and get market returns and also 2.5% yearly on the investment amount, which is guaranteed by the government of India. One of the examples is sovereign Gold Bond (SGB). And also, you can invest in bonds with yields better than bank FDs.

All the fees can be seen below

Deposit and Withdrawal Options

You can make any financial operations by the following options:

  • UPI
  • Instant payment gateway
  • NEFT/IMPS/RTGS transfer.

Available currencies are INR, USD, GBP, JPY, EUR

Pros

  • Low fees
  • Great trading platforms
  • Solid research

Cons

  • Slow account opening process
  • Only Indian market covered
  • No investor protection
Pros / Cons

       

       

      Zerodha is India's largest stockbroker in terms of overall active client base. Zerodha is one of the newest members of the Indian equity and derivatives trading economy. Has low fees, great trading platforms and solid research.