Zerodha | Sharefundss

Zerodha

Broker Review

Zerodha is ranked as India’s No. 1 stockbroker. It’s the most important and popular broker offering online flat fee discount brokerage services to take a position in Equity, Currency, Commodity, IPO and Direct Mutual Funds.

Zerodha charges zero-fee brokerage for equity trades and direct mutual funds. For intraday trading and F&O, it can charge flat Rs 20 or 0.03% for each trade. With Zerodha, the utmost brokerage you buy for any transaction is Rs 20 for an order of any size or segment.

Zerodha Review in 2020

Zerodha is the best stock broker at this point. They provide a superb online trading platform, charge a less brokerage fee, and are the foremost clear stockbroker. Endless improvement and innovation made Zerodha, the fastest-growing stock trading company in India. Here are the few key factors of Zerodha:

  • The biggest stockbroker by active clients, market volume and new customer acquisition.
  • One of the safest, most reliable & trustworthy brokers in the country
  • Offers the foremost leading online trading tools.
  • Zerodha charges zero brokerage price for Equity Delivery and Mutual Funds.
  • The best brokerage charged is Rs 20 per trade. You deliver 60% to 90% on brokerage as compared to conventional brokers.
  • Provides up to 20x leverage on intraday trading. Provides Zero Commission Direct Mutual Funds.
  • applicable for all categories of investors together with active and passive investors, beginners, active traders and algo traders.
  • Zerodha is the most automated & leading stockbroker in India. Zerodha has created its TradingTo software, Zerodha Kite, for web and mobile trading apps, Coin for mutual fund investment platform. 

Zerodha is secure for investment because:

  • Its ratio of complaints to active clients is among the smallest on the exchange.
  • It is a zero-debt company.
  • It doesn’t offer Margin Funding.
  • It doesn’t keep client securities within the pooled account.
  • It doesn’t do proprietary Trading with client funds.

Zerodha Fee structure

  • Securities Transaction Tax (STT) in Zerodha’s commission structure: It is only levied on sellers for intraday and F&O transactions. When the stock is delivered, both parties must pay a fee. 
  • Transaction Charges (Exchange Turnover Charges): This rate charged with the aid of using the inventory exchanges for the use of their buying and selling platform. 
  • Goods and Services Tax (GST) – 18% of the total brokerage fee plus a transaction fee. 
  • SEBI fee – 5 rupees per crore. 
  • Stamp Duty: Eq Delivery – 0.015% (buy side), Eq Intraday – 0.03% (buy side)

Hidden Zerodha fee

Zerodha’s hidden brokerage fees include call and transaction fees, square broker positions and SMS transaction reminders. The details are as follows:

  1. Call and transaction functions are available, and an additional 50 rupees is required for each call
  2. For each order executed by the MIS/BO/CO project that the customer has not agreed to, an additional payment of 50 rupees is required
  3. a digital contract description will be sent via email, and a physical copy of the contract description can be requested at an additional cost of 20 rupees per contract. SMS fees are responsible.
  4. Transaction SMS alerts (optional) charge 1 rupee for stock, F&O and foreign exchange trading alerts, and 0.50 rupees for commodity trading alerts. 
  5. Real-time payment gateway fees for more than 22 banks: 9 rupees per transfer.
  6. DP commission for selling shares on a delivery basis: 13.5 Rs + GST ​​per transaction. 

Zerodha Online Account Opening

Open an online Zerodha account to trade Zerodha online, investors must open an account. Fill in one to open an instant account and start trading on the same day.

Partner Products From Zerodha

Zerodha partner products Zerodha not only provides its customers with access to its trading tools and platforms but also provides access to products developed by other companies using the Zerodha platform. Integration with Zerodha kite platform. Trading platform and tools provided by Zerodha Partners: 

Small case – Small case is a unique themed investment platform that allows users to invest in a pre-built stock portfolio built around themes/ideas or strategies.

Streak – a comprehensive cloud-based trader platform that allows you to create algorithms without coding, compare with historical data and take action in the market in real-time. It provides other functions such as real-time information, warnings and position control.

Sensibull – is an options trading platform that can provide traders with trading strategies based on their views on the market. Traders can compare different strategies, evaluate their profitability, understand the risks and then execute them from the platform, which also enables traders to create their option trading strategies.

GoldenPi – Online trading platform for bonds and bonds. A technologically automated platform provides real-time updates on new investment options, A/C interest payments, and personalized support. GoldenPi does not charge any commission to its customers. The minimum investment in bonds is 10,000 rupees.

Advantages and Disadvantages of Zerodha 

Zerodha Advantages

The following are the advantages of Zerodha. You should read the pros and cons of Zerodha before opening an account with Zerodha. The pros and cons of Zerodha will assist you to figure out if it suits your investment needs. 

  • India’s largest stockbroker 
  • The Safest, Most Reliable and Trusted Broker in India 
  • Best Trading Platforms and Tools in the Industry – Kite, Console and Coin
  • Delivery trading has no leverage. After the purchase, the shares will be sent to your Demat account and will be deducted from your Demat account when they are sold. 
  • Cheapest Stock Broker in India – They offer services on a simple pricing model. They charge 0.03% or Rs 20 per order executed, whichever is lower, regardless of the size of the trade. The maximum brokerage fee paid by the client is Rs 20 per trade. 
  • Zerodha Referral Program – Refer a friend and earn 10% broker shares. 
  • Self-Liquidation Broker: Zerodha is a self-liquidation broker. They do not charge customers any compensation fees. 

Disadvantages of Zerodha (Cons)

Below are the disadvantages of Zerodha. Check out the Zerodha Disadvantages List. 

  • It does not contain any recommendations for action, research reports or recommendations. Monthly unlimited trading plans are not available. Lifetime free Demat AMC account plans are not available. 
  • An additional charge of Rs 50 per order executed for MIS / BO / CO positions not squared by the client. 
  • Call & Trade is available for an additional fee of Rs 50 per order executed. 
  • The 3-in-1 trading account is not available as Zerodha does not offer banking services. ICICI Direct provides 3-in-1 account & banking services.

Broker Reviews

Zerodha is one of the best complete stockbroker service providers and is certainly one of the largest one offering exclusive services at amazing rates. They offer flat-fee discount brokerage services in a variety of investment options including Commodity, Currency, Equity, IPO and Direct Mutual Funds. With low brokerage fee and increasingly beneficial features like the intuitive interface, secure trading experience and a lot more makes it the perfect trading platform. Customers can enjoy its zero brokerage on the equity delivery and investments over direct mutual funds.
Considering their active clientele, Zerodha is recognized as the leading stock broker with a potential contribution in the trading volume that leads to the Indian stock exchanges. Zerodha’s contribution to the overall retail trade volume in India is 10%. Moreover, they have been awarded various accounts like Retail Brokerage of the year 2018 award given by the NSE and the Outlook money has given it the Retail broker of the year 2017 award. Also, its the recipient of Entrepreneur of the year (Startup) 2017 award given by the Earnst & Young. The broking house had begun the operations on 15th August 2010. The company has integrated two words known as Zero in English and Rodha in Sanskrit. It means no barriers for the traders, investors and other stakeholders in the Indian stock market under the economic scenario.