Today in this Zerodha trading platform review, I will be highlighting all advantages and disadvantages of Zerodha trading platform. Very soon the company has become top stock broker in India under discount category and honestly it deserves it too. If you're going to open Demat account in Zerodha then I strongly suggest you read this review post to know how good it going to be for your trading and investment.
Mr. Nithin Kamath launched this trading platform in the year of 2010 with a vision to provide technologically advanced but affordable platform to Indian retail traders. He just tried to remove the hurdles he faced during his trading journey.
With no time, Zerodha has become the no.1 stock broker in India under discount stock broker category. As of this writing, it acquired more than 7.5 million clients around the country and it is still growing at skyrocket speed.
Zerodha trading platform is advanced and equipped with tons of trading tools which make trading so easy for all categories of traders.
But wait! It doesn't mean it is suitable for all types of traders. If you're a option buyer (discussed below) then I think you should think of some other trading platform. I cannot recommend Zerodha to only this category of traders. Otherwise, this platform is something every trader should be using.
Zerodha Trading Platform Review
Zerodha alone generates over 15 percent retail trade volume which proves that how famous is this trading platform among retail traders.
When I talk about Zerodha trading platform there is nothing negative I found to mention. Everything is so advanced and easy to use for new traders to advanced.
Nevertheless, in this Zerodha review, I will show you all the highs and lows of this trading platform so you can wisely decide whether this platform is for you or not.
Highs
- India's No.1 trading platform in discount broker category
- Over 7.5million clients
- Advanced trading platform and indicators
- Lowest possible brokerage charges considering its services
- One platform to invest/trade in equity, mutual funds, commodities, currency pairs
- Enable WhatsApp alerts
Zerodha Registrations
- Zerodha Broking Ltd. Member of NSE & BSE
- SEBI Registration no.: INZ000031633
- CDSL: Depository services through Zerodha Broking Ltd.
- SEBI Registration no.: IN-DP-431-2019
- Commodity Trading through Zerodha Commodities Pvt. Ltd. MCX: 46025
- SEBI Registration no.: INZ000038238
For any complaints you can write to complaints@zerodha.com, for DP related to dp@zerodha.com. Alternatively, you can call to their customer care number 080-47181888.
Zerodha Trading Platform Review
Their web trading terminal has each and every tool one needs to do technical and fundamental analysis.
Tradingview platform integration makes study of candlestick patterns so easy and their chart analysis tools can help you follow price action so precisely that you can take better entries and exits.
For long term investment, one take help of its fundamental analysis which clearly shows whether it is right time to invest or scrip needs more time to reach on a better entry price.
What I liked personally is its required margin calculation tools which appears on order execution page. Apart from that, order execution notification sound is very useful, it alerts me every time.
Apart from that, they have separate app called Coin for mutual fund investment.
Senital by Zerodha helps you create stock price alerts.
Likewise, Sensibull helps in option chain analysis and strategies making.
| Zerodha Annual Maintenance Charges | Amount (₹) |
|---|---|
| For trades on Equity, F&O and Currency | ₹200 |
| For trades on Equity, F&O and Currency and Commodity (MCX) | ₹300 |
| Zerodha AMC Charges for Corporate Account | ₹1000 |
Zerodha annual account maintenance charges are ₹300 and ₹1000 for retail traders and corporate traders respectively.
Charges
AMC charges will be deducted quarterly (₹75 after 3 months in case of retail traders).
Apart from that, Zerodha brokerage charges are flat ₹20 for Intraday, future and options.
For delivery trading, you won't pay any brokerage. Yes, you read it correct.
Direct mutual fund investment is also immune from any type of commission.
Zerodha brokerage charges for NRI are flat ₹100 for F&O, just in case.
Brokerage Charges
| Zerodha Charges | For Delivery Orders | For Equity, F&O, Commodities |
|---|---|---|
| Brokerage | 0 (Zero) | ₹20 (₹30 in case of Priority Plan) |
| Mutal Fund Investment | - | - |
| Transaction Charges | 0.00325% per trade on buy & sell. (May vary) | 0.00325% to 0.05 excluding clearing charges |
| STT/CTT | 0.1% For Buy and Sell Orders | 0.025%, 0.1%, 0.1% respectively applicable on only Sell Orders |
| GST | 18% | 18% |
| Demat transaction charges | Rs. 18.5 per scrip per day only on sell. | NIL |
| Stamp Charges | Varies state-to-state | Varies state-to-state |
| SEBI Charges | 15/Crore | 15/Crore |
See, every stock broker collects government charges equally therefore you should be focusing on charges applicable by your stock brokers.
Zerodha brokerage charges are ₹20 per order (only if order gets triggered) for option trading and 0.03% or ₹20 whichever is lower for Intraday and futures.
Account Opening Process
Zerodha account opening process is so easy that it can be completed only in 15-20 minutes and within next 24-48 hours client gets his trading login credentials.
You are advised to read Zerodha account opening process if you would like to know step-by-step process.
Customer Service
Like all other discount brokers, Zerodha too has limited manpower to solve clients' problems. If you are opening demat account with a discount broker, does matter with whom, you need to know your stock broker would not be able to solve your issue timely.
If any technical problem occurred at a mass level then you better know everyone would be calling Zerodha customer support to close their positions so in that case you would need to wait a while before you're attended.
Disadvantages
According to the guidelines, every stock broker has 15 percent open interest quota. It means no broker can create more than 15 percent OI in a given strike price in option trading. But, as you might already know, Zerodha's client base is so large that its 15 percent OI quota gets filled within a blink of an eye. And after that quota no new positions can be created so most of the clients left with no choice than buying near the strike prices.
If you're new to option trading then you would not understand this. But if you are an option buyer then you really know what am I talking about?
Many a time, I faced this issue and suffered losses too.
If you are an option buyer then I cannot recommend you this trading platform. In that case, you should think of Angel One or Upstox.
Also, as mentioned above, in case of mass level issue, their customer support team may not be available easily due to limited manpower. Here, I must mention that since I opened my demat account in Zerodha I never need to talk to their support team.
Final Words
There is not second thought that Zerodha is one of the best trading platforms in India. You can certainly open your trading account with them. Only reason not to open demat account here is option buying. For option buying, it is not recommended. Otherwise, you have no reason to open account with them.
I hope this Zerodha trading platform review would have helped you make a decision.
What I suggest you is always have Demat account with two brokers.
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