Name: Zerodha
Brand: Zerodha
Price: 20 INR
Availability: InStock
Rating: 4.5 (1 reviews)

Overview

Zerodha pioneered discount broking in India with lifetime zero commission on equity delivery and flat ₹20 on intraday and F&O trades, revolutionizing retail trading access. The platform offers 300 reward points per referral redeemable for premium trading tools and partner subscriptions. Perfect for cost-conscious traders and investors seeking professional-grade platforms with Kite web and mobile apps, Console backoffice, and Coin for direct mutual funds. With over 6 million active clients contributing 15% of Indian retail trading volumes and SEBI regulation since 2010, Zerodha combines unmatched pricing with institutional-quality technology.

Pros

↑Absolute zero brokerage on equity delivery investments permanently
↑Industry-leading flat ₹20 pricing for all intraday and F&O trades
↑Award-winning Kite platform with advanced charting and seamless UX

Cons

↓No dedicated relationship manager for regular retail accounts
↓Annual maintenance charges of ₹300 unless BSDA account
↓Referral brokerage sharing currently suspended by exchange circular

Key Highlights

Welcome Offer
300 reward points per referral
Earn 300 reward points for each successful account referral
Points redeemable for AMC or partner product subscriptions
Valid for accounts opened within 60 days of referral
Brokerage sharing currently suspended pending exchange clarification

Trading Costs
₹0 equity ₹20 intraday
Equity delivery: Absolute zero brokerage permanently
Intraday/F&O: Flat ₹20 or 0.03% whichever lower per executed order
Options: Flat ₹20 per executed order
Currency/Commodity: Flat ₹20 or 0.03% whichever lower

Assets & Markets
90,000+ tradable instruments
Complete access to NSE BSE MCX exchanges
Equity stocks ETFs REITs bonds available
Futures and options on equity indices commodities currency
Over 2000 direct mutual funds commission-free

Why Choose?
Award-winning Kite platform
Voted Best Broker 2023 by TradingView users
Web mobile and desktop applications available
Advanced ChartIQ 8 charting with 100+ indicators
Level 3 market depth for sophisticated strategies
Trade from chart functionality

Regulation & Safety
SEBI registered since 2010
SEBI Registration INZ000031633 for equity and INZ000038238 for commodity
Member of NSE BSE and MCX exchanges
CDSL depository participant IN-DP-431-2019
Client funds segregated per regulatory requirements
Regular compliance audits and reporting

Account Minimum
₹0 account opening fee
Free online account opening for individuals
Instant account activation with DigiLocker Aadhaar verification
No minimum deposit required to start trading
Annual maintenance ₹300 waived for BSDA accounts under ₹4 lakh holdings

Key Benefits

Trading Costs

★5.0

▼

Industry-best pricing: ₹0 equity delivery permanently
Flat ₹20 intraday and F&O regardless of trade size
No platform fees account maintenance or inactivity fees for BSDA
Direct mutual funds with zero commissions and DP charges
Transparent fee structure with brokerage calculator

Platform And Tools

★4.6

▼

Kite web and mobile apps with intuitive modern interface
ChartIQ 8 with 100+ technical indicators and drawing tools
Advanced order types: GTT basket iceberg ATO orders
Trade from chart functionality on web platform
Comprehensive option chain with Greeks and OI analysis
Market depth Level 3 data for sophisticated trading

Research And Analysis

★4.2

▼

Varsity comprehensive free educational content
Market news and analysis via Console updates
Backtest integration powered by Streak
Option analytics through Sensibull integration
Portfolio performance curve vs benchmark indices
Limited proprietary research compared to full-service brokers

Mobile Trading

★4.7

▼

Highly-rated iOS and Android apps 4.5+ stars
Full feature parity with web platform
Fast execution and responsive interface
Real-time quotes and notifications
Complete portfolio management on mobile
Chart trading coming soon to mobile

Account Features

★4.4

▼

Free instant online account opening with DigiLocker
Multiple account types: individual minor NRI corporate
Multi-currency support for NRI accounts
Margin Trading Facility with 0.04% daily interest
IPO and corporate action participation
Auto square-off with configurable timing

Security And Trust

★4.8

▼

SEBI registered broker since 2010 with clean track record
India's largest retail broker by active client base 6M+
Client funds segregated per regulatory requirements
Two-factor authentication mandatory
Regular security audits and compliance
Transparent operations with published financials

Customer Support

★4.0

▼

Ticket-based support system via support.zerodha.com
Phone support available during market hours
Comprehensive knowledge base and FAQs
Z-Connect blog with product updates
Community-driven support on TradingQnA forum
No dedicated relationship managers for retail accounts

Educational Resources

★4.8

▼

Varsity: India's most comprehensive free trading education
Modules covering stocks derivatives options technical analysis
TradingQnA community forum for peer learning
Z-Connect blog with market insights and product updates
Video tutorials and webinars regularly published
Best-in-class educational content for Indian markets

Available Tools

Trading Tools

▼

Paper Trading	×
Margin Trading	✓
Zero Commission	✓
Fractional Shares	×
After Hours Trading	×

Automation

▼

Dca	✓
Algo Trading	✓
Grid Trading	×
Trading Bots	×
Robo Advisory	×
Sentiment Analysis	×
Social Copy Trading	×
Ai Trading Assistant	×

Advanced Tools

▼

Api Access	✓
Basket Trading	✓
Options Strategies	×
Smart Order Routing	×
Backtesting Capabilities	✓

Detailed Information

Commission Tiers	Flat pricing structure for all users no volume tiers Equity delivery: ₹0 brokerage permanently Intraday equity currency commodity: ₹20 or 0.03% whichever lower Futures: ₹20 or 0.03% whichever lower per executed order Options: Flat ₹20 per executed order Direct mutual funds: ₹0 commissions
Trading Fees	Equity delivery: Zero brokerage plus statutory charges Intraday: ₹20 or 0.03% whichever lower per executed order F&O futures: ₹20 or 0.03% whichever lower F&O options: Flat ₹20 per executed order Currency futures/options: ₹20 or 0.03%/₹20 flat Commodity futures/options: ₹20 or 0.03%/₹20 flat
Stock Etf Commission	₹0 for delivery, ₹20 or 0.03% for intraday
Options Commission	₹20 flat per executed order
Futures Commission	₹20 or 0.03% whichever lower
Financing Rates	Margin Trading Facility interest: 0.04% per day or ₹40 per lakh Interest applied from T+1 until MTF stocks sold MTF brokerage: 0.3% or ₹20 per order whichever lower MTF pledge charge: ₹15 plus GST per pledge/unpledge per ISIN
Margin Interest Rate	0.04% per day on funded amount
Overnight Fees	Not applicable for equity delivery MTF positions incur daily interest
Non Trading Fees	DP charges: ₹15.34 per scrip when selling stocks Female demat holders: ₹0.25 discount per transaction Pledging: ₹30 plus GST per pledge request per ISIN Physical CMR: First free then ₹20 plus ₹100 courier plus GST Payment gateway: ₹9 plus GST except UPI transfers Off-market transfer: ₹25 per transaction
Deposit Fee	₹0
Withdrawal Fee	₹0
Inactivity Fee	₹0
Currency Conversion Fee	₹0 for INR transactions
Data Feed Fees	Real-time quotes: Free for NSE BSE MCX Level 3 market depth: Free Kite Connect APIs: ₹500/month for data Historical data API: Included in ₹500 subscription
Order Modification Fee	₹0
Vip Fee Tiers	No VIP program Same pricing for all retail clients No volume-based discounts

Minimum Spreads	Market-determined spreads on exchanges
Maximum Leverage	Equity intraday: Up to 5x per SEBI regulations F&O: Exchange-prescribed margin requirements Currency: As per exchange norms Commodity: Segment-specific margin requirements
Margin Call Level	Varies by segment and exposure
Stop Out Level	Auto square-off before market close for intraday Margin shortfall notifications via email/SMS
Negative Balance Protection	Yes via margin monitoring and auto square-off
Settlement Period	T+1 for equity delivery from October 2024 T+0 for intraday positions Instant for F&O and currency
Order Execution Quality	Direct market access to NSE BSE MCX No dealer intervention or routing delays Market and limit orders executed per exchange matching Order slicing for large orders above freeze limits Market protection for volatile conditions

Stocks Count	5,000
Etfs Count	500
Crypto Count	0
Forex Pairs Count	0
Product Universe Overview	Complete access to NSE BSE and MCX exchanges Over 90000 tradable instruments total Equity stocks across all cap sizes ETFs bonds G-Secs corporate bonds available Futures and options on equity indices Currency derivatives including major pairs Commodity futures and options agricultural and non-agricultural Over 2000 direct mutual funds
Geographic Market Coverage	India: Complete NSE BSE coverage No international market access Focus exclusively on Indian exchanges
Major Markets Details	NSE: Cash derivatives currency segments BSE: Cash derivatives segments MCX: Commodity derivatives agricultural non-agricultural
Emerging Markets Details	India domestic market only No access to other emerging markets
Base Currencies Supported	INR, USD for NRI accounts

Trading Platforms Overview	Kite: Modern web and mobile trading platform Console: Comprehensive backoffice and reporting Coin: Direct mutual fund investment platform All platforms cloud-based with real-time synchronization Seamless experience across devices
Desktop Platform	Kite web accessible via browser No separate desktop download required Full functionality on web interface ChartIQ 8 advanced charting integrated Trade from chart capability Multiple monitor support via browser windows
Mobile App	Kite mobile for iOS and Android 4.5+ star ratings on app stores Full trading capabilities on mobile Advanced charting with indicators Option chain with Greeks Real-time notifications and alerts Biometric authentication support
Web Platform	Kite web responsive design Works on all modern browsers No plugin or download required Real-time data streaming Advanced order types available Basket orders and GTT supported
Trading Tools And Features	Market watch with customizable columns Advanced order types: GTT basket iceberg ATO Option chain with Greeks OI max pain Market depth Level 3 access TradingView integration for charting Portfolio analytics on Console Trade notifications via email SMS
Charting And Technical Analysis	ChartIQ 8 professional charting engine 100+ technical indicators and studies Multiple timeframes including custom intervals Drawing tools: trendlines Fibonacci Elliott waves Pattern recognition capabilities Volume profile and VWAP Chart data export to CSV Backtest integration with Streak
Risk Management Tools	Stop loss and target orders Good Till Triggered orders for long-term positions Basket orders for multi-leg strategies Auto square-off before market close Margin alerts via email SMS Position monitoring in real-time Max pain and put-call ratio indicators
Order Types Available	Market orders Limit orders Stop loss market and limit After market orders AMO Good Till Triggered GTT Basket orders Iceberg orders for large quantities Cover orders Bracket orders legacy
Integrations And Api Access	Kite Connect REST and WebSocket APIs ₹500 per month for data and historical APIs Order placement APIs included free Python NodeJS libraries available Rate limit: 10 orders per second Integration with Smallcase Streak Sensibull Third-party algo platforms supported
Third Party Platforms	Smallcase for thematic investing Streak for strategy building without coding Sensibull for options analytics Tickertape for market research TradingView for advanced charting
Api Rate Limits	10 orders per second per API key 3 requests per second for quote data Historical data: 3 requests per second
Algo Trading Support	Yes via Kite Connect APIs Supports retail algo trading per SEBI framework API-based order execution WebSocket for real-time data streaming Strategy backtesting via Streak integration

Customer Support Overview	Ticket-based system via support.zerodha.com Phone support during market hours Email support for account and trading queries Comprehensive knowledge base with 1000+ articles No dedicated relationship managers for retail Community support via TradingQnA forum
Phone Support Hours	Monday to Friday: 8:30 AM to 6:00 PM IST Saturday: 9:00 AM to 5:00 PM IST Closed on Sundays and exchange holidays
Live Chat Availability	Not available Support via tickets and phone only
Email Response Time	Within 24-48 hours for most queries Priority for urgent trading issues
Languages Supported	English Hindi and regional languages on request
Local Office Presence	Headquarters: Bangalore India No physical branches All support remote
Account Manager	Not available for retail accounts
Educational Resources Overview	Varsity: India's most comprehensive free trading education Modules on stocks derivatives technical analysis fundamental analysis TradingQnA community forum with peer learning Z-Connect blog with product updates and market insights Video tutorials on YouTube channel Webinars and educational content regularly published
Beginner Resources	Yes: Varsity beginner modules Introduction to stock markets How to open trading account Basic trading concepts explained Risk management fundamentals
Webinars And Tutorials	Regular content on Z-Connect blog YouTube videos for platform features Community webinars occasionally
Market Analysis And Research	Z-Connect blog with market commentary Circulars and bulletins on regulatory changes IPO and corporate action updates Limited proprietary research compared to full-service brokers
Demo Account Details	Not available Users encouraged to learn via Varsity and small live trades
Trading Courses	Varsity comprehensive modules free Technical analysis course Fundamental analysis course Options trading course Futures trading course
Tax Reporting Help	Annual P&L statement on Console Capital gains report for tax filing Contract notes available Integration with tax platforms like Quicko

Regulation Overview	SEBI registered stockbroker since 2010 Member of National Stock Exchange NSE Member of Bombay Stock Exchange BSE Member of Multi Commodity Exchange MCX CDSL depository participant Full compliance with SEBI broker regulations Regular audits and inspections
Primary Regulator	Securities and Exchange Board of India SEBI
License Number	NSE/BSE: INZ000031633 MCX: INZ000038238 Depository: IN-DP-431-2019 MCX Trading Member: 46025
Investor Protection Scheme	Client funds segregated in designated bank accounts Securities held in demat mode with CDSL SEBI Investor Protection Fund coverage Regular reconciliation of client accounts Insurance coverage for technology risks
Security Features	Two-factor authentication mandatory OTP verification for critical actions Session timeout for inactive users Secure HTTPS encryption Regular security audits No storage of sensitive data on client devices PIN for fund withdrawal and transfer

Commission Tiers

Flat pricing structure for all users no volume tiers
Equity delivery: ₹0 brokerage permanently
Intraday equity currency commodity: ₹20 or 0.03% whichever lower
Futures: ₹20 or 0.03% whichever lower per executed order
Options: Flat ₹20 per executed order
Direct mutual funds: ₹0 commissions

Trading Fees

Equity delivery: Zero brokerage plus statutory charges
Intraday: ₹20 or 0.03% whichever lower per executed order
F&O futures: ₹20 or 0.03% whichever lower
F&O options: Flat ₹20 per executed order
Currency futures/options: ₹20 or 0.03%/₹20 flat
Commodity futures/options: ₹20 or 0.03%/₹20 flat

Stock Etf Commission

₹0 for delivery, ₹20 or 0.03% for intraday

Options Commission

₹20 flat per executed order

Futures Commission

₹20 or 0.03% whichever lower

Financing Rates

Margin Trading Facility interest: 0.04% per day or ₹40 per lakh
Interest applied from T+1 until MTF stocks sold
MTF brokerage: 0.3% or ₹20 per order whichever lower
MTF pledge charge: ₹15 plus GST per pledge/unpledge per ISIN

Margin Interest Rate

0.04% per day on funded amount

Overnight Fees

Not applicable for equity delivery
MTF positions incur daily interest

Non Trading Fees

DP charges: ₹15.34 per scrip when selling stocks
Female demat holders: ₹0.25 discount per transaction
Pledging: ₹30 plus GST per pledge request per ISIN
Physical CMR: First free then ₹20 plus ₹100 courier plus GST
Payment gateway: ₹9 plus GST except UPI transfers
Off-market transfer: ₹25 per transaction

Deposit Fee

₹0

Withdrawal Fee

₹0

Inactivity Fee

₹0

Currency Conversion Fee

₹0 for INR transactions

Data Feed Fees

Real-time quotes: Free for NSE BSE MCX
Level 3 market depth: Free
Kite Connect APIs: ₹500/month for data
Historical data API: Included in ₹500 subscription

Order Modification Fee

₹0

Vip Fee Tiers

No VIP program
Same pricing for all retail clients
No volume-based discounts

Zerodha

Overview

Pros

Cons

Key Highlights

Key Benefits

Available Tools

Detailed Information

Related Products

Pros

Cons