Zerodha
India’s first discounted stockbroker with advanced in-house technology and largest active client base.
Product Basket
The segments in which you can invest through this broker
Equity
Options
Currency
Futures
Commodity
Trading Platforms
Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, Full Platform Details.
Kite Mobile App
Coin
Kite Web
Charges
Account Opening Charges – ₹300
Account Maintenance Charges – ₹300
Call and Trade – ₹50
Brokerage Charges
Equity Delivery – ₹0
Equity Intraday – 0.03%
Equity Futures – 0.03%
Equity Options – ₹20
Currency Futures – 0.03%
Currency Options – 0.03%
Commodity Futures – 0.03%
Commodity Options – 0.03%
Margins
Equity Delivery – 0x
Equity Intraday – 3x
Equity Futures – 2.5x
Equity Options – 2.5x
Currency Futures – 2.5x
Currency Options – 2.5x
Commodity Futures – 2.5x
Commodity Options – 0x
Pros
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Zerodha is a self-clearing broker which means that they don’t recover clearing charges from customers.
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They provide only Direct Plans on Mutual Fund investments.
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Bonds & G-securities can also be invested through Golden Pi.
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Provides free stock market lessons and financial education for everyone.
Cons
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Zerodha’s call & trade charges are more as compared to other brokers.
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NRI Account opening can be done only through an offline process.
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Response from customer support can be delayed.
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Due to a huge customer base, software glitches happen at certain times.