Zerodha Review 2024
Minimum
deposit:
  • $1

Trading platform:

  • Console
  • Kite
  • Kite Connect API
  • Sentinel
  • Coin
Regulation:
  • Securities and Exchange Board of India (SEBI)

Zerodha Review 2024

Updated:
Updated: October 06, 2023

6.73

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $1

Trading platform:

  • Console
  • Kite
  • Kite Connect API
  • Sentinel
  • Coin
Leverage:
  • No
Trading features:
  • The ability to form your own investment portfolio

Summary of Zerodha Trading Company

Zerodha is a moderate-risk broker with the TU Overall Score of 6.73 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Zerodha clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. Zerodha ranks 19 among 79 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

Zerodha is a stockbroker that targets traders and investors from India.

The Zerodha brokerage company was registered in India on August 15, 2010, by professional trader Nitin Kamata. Its registration number is INZ000031633. This stockbroker allows you to trade securities and make short-term and long-term investments on the stock exchange. It is the number one stockbroker in India in terms of trading volume and the number of its clients. About 4 million traders place orders daily through zerodha.com investment platforms, which accounts for over 15% of India's total retail trade in this sector.

💰 Account currency: Rupee
🚀 Minimum deposit: From Rs 0
⚖️ Leverage: No
💱 Spread: Nonexistent
🔧 Instruments: Stocks, futures, options, assets of stock and commodity markets
💹 Margin Call / Stop Out: No

👍 Advantages of trading with Zerodha:

  • The existence of several proprietary trading platforms, including for mobile devices (iOS and Android), that are designed for both beginners and experienced traders.
  • There is no minimum deposit requirement.
  • According to customer reviews, the company offers the most transparent and understandable conditions: low commissions on real accounts, the possibility of intraday trading, access to the formation of your own mutual fund.
  • The interface of all terminals and the broker's website are available in Hindi and English.

👎 Disadvantages of Zerodha:

  • You cannot trade on Forex through this broker.
  • It does not provide an opportunity to work on MT4 and MT5.
  • A fee is charged for opening and maintaining an account.
  • Trading platforms periodically freeze and do not display trade statistics.

Evaluation of the most influential parameters of Zerodha

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

6.05

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.20

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

8.00

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.50

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

7.60

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

7.80

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

8.30

/10

Geographic Distribution of Zerodha Traders

Popularity in

97.65%
IN
India
2.92%
AE
United Arab Emirates
2.84%
US
United States
2.74%
SG
Singapore
2.2%
GB
United Kingdom
2.18%
AU
Australia
2.15%
OM
Oman
2.15%
QA
Qatar
2.12%
KW
Kuwait
2.11%
SA
Saudi Arabia
2.94%
Others
Others

User Satisfaction i

17 comments
Total score:
5.9 /10

Share your experience

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geraldov2
1 year ago

People, this office throws. I made money and decided to withdraw 6000 dollars, in general they canceled the transactions and left me without money. I didn't expect this from them.

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benoforiatta1984
2 years ago

Zerodha is an Indian broker that I found out about by accident through some advertisement. I went to the site, read the terms and conditions and decided to try it, why not? There are no minimum deposit requirements, so I threw in a hundred bucks and started trading. Unusual after TradingView, the author's terminal turned out to be quite functional and smart. In addition, it contains all known market and limit orders. Commissions from Zerodha are also acceptable. However, I later discovered a minus with the broker: it turns out that I was charged for opening an account and servicing. But since the money was withdrawn, then I will work it out, I will inform you about the results! I don’t know how it will be with the conclusion, but everything suits the work.

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titha_05
2 years ago

I have been working with Zerodha for about 5 years. I started with deals in stocks, now I trade futures and invest in asset portfolios. I use the Kite and Coin platforms because they appeal to me the most. They work smoothly, you can create lists of observations and view historical data for selected instruments. The choice of assets at Zerodha is simply amazing because more than 90,000 shares are available. It is a pity that the broker's affiliate program is not fully developed. I would like to receive a monetary reward for connecting new clients. Otherwise, Zerodha suits me completely, so I can safely recommend it for stock trading.

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Karabou
3 years ago

I traded on Zerodha platform for several months. It seems to be a run-of-the-mill journey, nothing special. The assortment of assets is quite wide, but is this a matter of amazement? Zero fees are available on some assets, but other brokers have them too. I liked the Kite platform very much, the interface is very user-friendly but too simplistic. On the downside, Zerodha has no contests, no bonuses, no decent affiliate program. But the broker withdraws the money, and it goes to your bank account within 24 hours. Still, Zerodha hasn't convinced me that it is the best stockbroker. Therefore, I have withdrawn my money and opened an account with another well-known company.

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aksme2007
3 years ago

I have been trading with Zerodha for a couple of years, and the terms of trade are completely satisfactory to me. The platforms are stable, there were no critical freezes during my stay here. I get all the analytics I need for work from the broker, I practically do not visit third-party platforms and sites. I constantly read a blog dedicated to trading and investment, with a huge number of articles from financial analysts. Here you can also ask questions and leave comments. It's bad that Zerodha only supports bank transfer payments.

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Ashira
3 years ago

Zerodha offers only one type of account: Demat. There are no other options for trading. And it is pretty handy: you open only one trading account but you can trade from it on any of the offered platforms. Just log in and you can make transactions right away. Guys who write that the broker does not have a live chat are wrong. This option is available but not on the website. It’s in the console of the personal account. Of course, this brings several inconveniences to unregistered traders, but active clients can still quickly contact technical support.

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hikmah
3 years ago

The size of the minimum deposit has not been established. Theoretically, it is possible to start with one dollar, although an experienced trader understands that such a minimal investment is unlikely to bring you profit. Zerodha’s regulation is flawless, and the execution speed is excellent. The average commission is 26 cents per trade, which is fine for me. You cannot trade with leverage here, so this is a minus for me. So I will not stay here for a long time unless I can invest through Zerodha down the road.

Expert Review of Zerodha

For over 10 years, Zerodha has been to Indians a model of honesty and transparency in the Indian financial market. The professional team of the company has created a whole ecosystem of high-tech products that allow you to trade on many devices. The Varsity training section provides an opportunity to study the stock market in detail and improve your knowledge.

Zerodha is a zero debt company with account holders and investors. Customers' securities are kept in segregated accounts, that is, they are completely separated from the company's capital. Investors who have opened an account with Zerodha are protected from negative a balance. However, the broker does not offer trading with margin leverage.

Investing in mutual funds with Zerodha is completely free. No brokerage fees, no software usage fees, and no upfront, hidden or interim fees from fund managers. Besides, there is no limit on the size or number of trades. By offering these terms, Zerodha attracts many large traders and investors who end up paying commissions when trading derivatives.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Zerodha’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets, and Products of the Broker

Zerodha offers its clients opportunities to invest in stocks, futures, and options; and build their own portfolio of securities, as well as create option combinations using delta neutrals and other strategies. The company does not provide clients with access to services for copying trades and portfolios of other traders. Also, you cannot invest in PAMM or LAMM accounts through Zerodha.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Zerodha’s affiliate program:

  • Referral program. This is for clicking on the referral link and opening a brokerage account, the connected client and Zerodha partner receive 300 points each. For registration in the program, a partner is awarded 100 points once.

Points can be used to gain access to trading and investment applications such as Smallcase, Sensibull, Streak, etc. The trader's personal account displays the required number of points to subscribe to the service.

Trading Conditions for Zerodha Users

Zerodha’s trading conditions are designed for traders with different skill levels. The broker allows anyone to invest: the minimum deposit starts from 1 rupee. Zerodha customers can invest in stocks, currency futures, commodities, and mutual funds. The company accepts payments and withdraws funds only via bank transfer. Forex trading with Zerodha is not available. Zerodha is a regulated broker.

$1

Minimum
deposit

1:1

Leverage

24/5

Support

💻 Trading platform: Console, Kite, Kite Connect API, Sentinel, Coin
📊 Accounts: Demat
💰 Account currency: Rupee
💵 Replenishment / Withdrawal: Bank transfer
🚀 Minimum deposit: From Rs 0
⚖️ Leverage: No
💼 PAMM-accounts: No
📈️ Min Order: No data
💱 Spread: Nonexistent
🔧 Instruments: Stocks, futures, options, assets of stock and commodity markets
💹 Margin Call / Stop Out: No
🏛 Liquidity provider: No data
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Orders execution: No
⭐ Trading features: The ability to form your own investment portfolio
🎁 Contests and bonuses: No

Zerodha Commissions & Fees

Information
A brokerage fee of 0.25% applies to all trades entered into cash-settled commodity contracts in the last two trading days. Regardless of the trading volume, the fixed fee for each trade is Rs 20. There is an account maintenance fee of 300 rupees + 18% tax per year for Demat accounts and 1000 rupees + 18% tax per year for corporate accounts. The one-time fee for opening an account is Rs 200.
Account type Spread (minimum value) Withdrawal commission
Demat From $ 0.5 Yes

Swaps (overnight transfer fees) are not charged. Our analysts have also compared the terms and conditions of the trading accounts of Zerodha and other brokers. As a result of the calculations, we assigned each company a level: low, medium, or high. The results of the analysis can be found in the table below.

Broker Average commission Level
Zerodha $0.5 Low
ETrade $1 Medium
Charles Schwab $11 High
Logo Zerodha
$0.5
$1
$11

Detailed Review of Zerodha

The main investment activities offered by Zerodha are stocks, F&Os, commodities, currencies on the NSE, BSE, MCX, and MCX-SX, as well as investments in direct mutual funds, ETFs, government securities, and bonds. The broker charges a fixed commission of Rs 20 per trade regardless of the trading volume, which naturally attracts many investors.

The main figures that characterizes the broker are:

  • It has been operating since 2010.

  • It ranks first in India among the brokerage companies in terms of trade turnover

  • More than 4 million investors use Zerodha’s services.

  • More than 1 million traders open trades through the broker every day.

Zerodha is a fixed commission, passive investment stock broker

The uniqueness of Zerodha lies in the transparency of its conditions and the ability to create various combinations of shares and derivatives. Clients must have a sufficient balance in their accounts to hold/transfer positions. This means that there is no margin trading (leveraged trading) for stocks and ETFs. Intraday trading is allowed for all non-agricultural products except Brent Crude (crude oil) and silver. Leverage depends on market conditions and its proportion changes.

The company has many years of experience in creating conditions for traders who want to make money on changes in the value of stocks, futures, and options. Zerodha became the first broker in India to offer its clients direct investment in mutual funds without charging trading fees. Trading is available in the COIN terminal.

Useful services of Zerodha Investments:

  • Console. The central dashboard displays the customer’s account at Zerodha, which provides access to detailed reports and price charts.

  • Kite. This is a trading and investment platform with convenient functionality that provides clients with access to the stock market.

  • Kite Connect API. This is an algorithmic trading application for private traders.

  • Sentinel. This is a platform that allows you to create market portfolios. They can be adjusted depending on the price, the number of trades, and the accepted level of risk.

  • Z Connect. This is a blog dedicated to trading and investment. Analysts of the company publish articles and useful information here. Any user can ask questions and leave comments.

  • Varsity. An extensive collection of stock market lessons is in Hindi and is available to every client of the company.

  • Coin. An application for buying mutual funds without commission.

Advantages:

1

Zerodha strictly adheres to Indian laws and conducts business under the requirements of the regulator.

2

Transparent and understandable working conditions.

3

Availability of browser and mobile versions of trading platforms.

4

Has a knowledge base with informative lessons.

5

The ability to form investment portfolios and trade stock market instruments.

6

Low brokerage fees for trading stocks and derivatives.

Also, Zerodha collaborates with many leading stock market platforms and portals such as Streak, Sensibull, and others.

How to Start Making Profits — Guide for Traders

Zerodha provides the client with a single trading account, where there are no requirements for the size of the minimum deposit. The account opening fee is Rs 200, operating service fees are Rs 300 per year. No commission is charged for inaction.

Account types:

Account Type
Description
Demat
is a trading account for making trades in the stock market. Commission for an executed order for intraday trades in stocks, bonds, and commodities is 20 rupees or 0.03% (whichever is less). There are no fees for investing in mutual funds.

The broker does not have a demo account, but the Demat account allows you to invest funds with at least 1 rupee on the balance.

In general, Zerodha is the optimal combination of technology, transparency, and favorable investment conditions.

Bonuses Paid by the Broker

At present, Zerodha has no bonus programs or promotional offers for customers.

Investment Education Online

Information

To enable clients to trade profitably and quickly navigate complex exchange instruments, Zerodha has created Varsity, an extensive and detailed collection of lessons on the stock market and finance. It is publicly available and is one of the largest financial education resources in the Indian investment segment.

Information available in the Education Section
Information not available at the Zerodha site
Stock market information
Forex terminology
Fundamentals of Risk Management
Analysis of trading strategies
Fundamentals of futures and options trading
Trading psychology
Basic concepts of technical and fundamental analysis
Descriptions of trading instruments
The basics of building trading systems and option strategies
 

Each of these tools can be applied immediately to a real trading account.

Security (Protection for Investors)

Information

Zerodha is listed on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). The broker is regulated by the Securities and Exchange Board of India (SEBI). The company has registration number INZ000031633 for the cash/derivatives/currency derivatives segments NSE and BSE.

Commodities are traded on the trader's account through Zerodha Commodities Pvt. Ltd., which is a member of the Multicommodity Exchange of India (MCX). Custody services are available through Zerodha Broking Limited when using CDSL, the Central Securities Depository of India, as its custodian.

👍 Advantages

  • Activities are carried out under the requirements of the regulator and the legislation of India
  • Negative balance protection is active
  • The company guarantees the safety of the client's funds

👎 Disadvantages

  • Complex verification process
  • Only residents of India can become clients of the broker

Withdrawal Options and Fees

  • All payment requests are processed electronically. Payment is received in the customer's main bank account within 24 hours after the withdrawal request is processed.

  • The only available withdrawal method is via bank transfer. Money cannot be transferred to cards and e-wallets.

  • Withdrawal requests are processed until 20:30 on business days Delhi time. If a withdrawal request is placed before 20:30, the money will be credited to the account on the next banking day. If the application is made after 20:30, it is processed the next business day, and the funds are credited within 48 hours.

  • The company's finance department does not process withdrawal requests on Saturday or Sunday.

  • The deposit and withdrawal currency is the Indian rupee only.

Customer Support Service

Information

The company has established a highly efficient support team that quickly resolves customer problems. It is available through the trading terminal 24/5. For identification, it is necessary to provide the account number and your 4-digit PIN.

👍 Advantages

  • Support via telephone is available

👎 Disadvantages

  • Works on weekdays only
  • Operators answer in Hindi and English

You can contact customer support in the following ways:

  • through an interactive window in the browser and mobile versions of the console;

  • by phone;

  • via social networks Twitter, Facebook, LinkedIn, Instagram, Telegram;

  • by email.

Online support is available only in the client's personal account.

Contacts

Foundation date 2010
Registration address #153, 154, 4th Cross Rd, opp. Clarence Public School, JP Nagar 4th Phase, Dollars Colony, Phase 4, BTM Layout, Bengaluru, Karnataka 560078, India
Regulation
Official site
Contacts

Review of the Personal Cabinet of Zerodha

To create a personal account at Zerodha, you need to register. To do this, follow these steps: 

1

On any page of the Zerodha website, click the "Sign Up" button. Enter your mobile phone number and click the "Continue" button. A 6-digit one-time password will be sent to the specified mobile phone number. Enter your password and click the “Confirm” button.

Zerodha Review - Registration
Zerodha Review - Registration
Zerodha Review - Registration
2

In the form that opens, enter your full name and email address. A one-time password will be sent to the specified email address. Enter it in the confirmation window and click the "Continue" button. Next, go through verification by providing complete personal and financial data, scanned copies of documents, as well as a unique personal Aadhaar number (personal identification number). 

3

The following sections are available in the Zerodha personal account:

1. Profitability statistics for trades and portfolios, presented in the form of simple graphical diagrams:

Zerodha Review - Profitability statistics
Zerodha Review - Profitability statistics

2. Full report on trades from the date of purchase of securities:

Zerodha Review - Full report on trades
Zerodha Review - Full report on trades

1. Profitability statistics for trades and portfolios, presented in the form of simple graphical diagrams:

Zerodha Review - Profitability statistics
Zerodha Review - Profitability statistics

2. Full report on trades from the date of purchase of securities:

Zerodha Review - Full report on trades
Zerodha Review - Full report on trades

Through a personal account, a trader has the ability to:

  • Replenish a trading account.

  • Apply for a withdrawal of funds.

  • View the number of referrals and review affiliate points for connecting new customers.

  • Assess the profitability of the investment portfolio.

  • Write to support specialists to resolve disputes and troubleshoot technical problems.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the Zerodha rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Zerodha you need to go to the broker's profile.

How to leave a review about Zerodha on the Traders Union website?

To leave a review about Zerodha, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Zerodha on a non-Traders Union client?

Anyone can leave feedback about Zerodha on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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