What is Zerodha?
Zerodha is an online stock and investment brokerage firm based in India. It was founded in 2010 by Nithin Kamath and Nikhil Kamath. As of March 2020, Zerodha is the largest stock broker in India with a market share of 20.6%.
What is Zerodha? Review, Features, Benefits, & Pricing
10 Features of Zerodha
Zerodha is one of the largest discount brokers in India with over 1.5 million customers.
Zerodha offers a wide range of features and services that cater to the needs of both retail and institutional investors.
Here are 10 features of Zerodha that make it a top choice for investors:
1. Zerodha Pi – Zerodha’s flagship trading platform that offers a wide range of features and tools for investors.
2. Kite Connect – Zerodha’s API that allows investors to build their own trading and investment applications.
3. Zerodha Varsity – A comprehensive online learning portal that offers courses on various aspects of trading and investing.
4. Discounted Brokerage – Zerodha offers some of the lowest brokerage rates in the industry.
5. Margin Facilities – Zerodha offers margin facilities that allow investors to trade on leverage.
6. Advanced Charting Tools – Zerodha’s charting tools are among the most advanced in the industry.
7. Research & Analysis – Zerodha offers a wide range of research and analysis tools that help investors make informed investment decisions.
8. IPOs & New Issues – Zerodha offers a dedicated platform for investing in IPOs and new issues.
9. Direct Plans – Zerodha offers direct plans of mutual funds that offer superior returns.
10. Customer Support – Zerodha offers a dedicated customer support team that is available 24×7 to help investors with any queries or issues.
10 Benefits of Zerodha
Here are 10 benefits of Zerodha that make it a great choice for online trading and investment:
1. Zerodha is one of the most popular online brokers in India with over 10 lakh customers.
2. The company has a simple and straightforward pricing structure.
3. All equity trades are executed free of charge.
4. Zerodha provides an excellent mobile trading app called Zerodha Kite, which is available for both Android and iOS devices.
5. Zerodha offers a wide range of products and services, including equity trading, commodities trading, currency trading, and mutual funds.
6. The company has a customer-friendly approach and provides excellent customer support.
7. Zerodha is a safe and secure platform for online trading and investment.
8. The company offers a wide range of research and analysis tools.
9. Zerodha is a great platform for beginners as well as experienced investors.
Pricing of Zerodha
Zerodha offers two main types of pricing plans:
1. Flat pricing – Rs 20 per order or 0.03% whichever is lower. This is the most popular type of pricing among Zerodha users.
2. Discount pricing – 20% discount on all brokerages. This type of pricing is for high-volume traders who trade frequently.
5 Pros and Cons of Zerodha
There are a lot of different brokerages out there, so how do you know if Zerodha is the right one for you?
Here are some pros and cons to help you make your decision.
1. Zerodha is one of the cheapest brokerages around. If you’re looking to save on fees, they’re a great option.
2. They offer a lot of features and tools, including a Zerodha Pi scanner, which can help you find trading opportunities.
3. They have a user-friendly platform that’s easy to use, even for beginners.
4. They offer customer support 24/7, so you can always get help when you need it.
5. They’re a well-established brokerage with a good reputation.
1. Some of the features and tools can be confusing or complicated to use.
2. Only the Indian market has been covered.
3. There have been some reports of account suspensions and other problems.
4. The platform can be slow and glitchy at times.
5. They don’t offer all the bells and whistles that some of the other brokerages do.
So, there you have it! Some pros and cons to help you decide if Zerodha is the right brokerage for you.
5 Alternatives to Zerodha
There are many stock trading platforms available in India, but Zerodha is one of the most popular. If you’re looking for alternatives to Zerodha, here are five options to consider.
Upstox is a discount broking platform that offers free equity delivery trading and flat Rs 20 per order for intraday and F&O trades. It is known for its user-friendly interface and low brokerage charges.
5Paisa is another discount broking platform that offers free equity delivery trades and RS 20 per order for intraday and F&O trades. It also has a user-friendly interface and offers advanced trading features like live market analysis, heatmaps, and more.
3. Angel Broking
Angel Broking is a full-service broker that offers a wide range of products and services, including equity, currency, and commodity trading. It charges a flat fee of Rs 20 per trade.
Investors who are looking for an alternative to Zerodha can consider Choice. The choice is an investing platform that offers a wide range of features and tools. It charges only 0.02 %.
Investors who are looking for an alternative to Zerodha can consider Groww. Groww is an investing platform that offers a wide range of features and tools. It charges a flat fee of Rs. 20 or 0.05% whichever is lower.
10 Frequently asked questions on Zerodha
If you’re new to Zerodha, you might have some questions about how it works. Here are some answers to frequently asked questions about Zerodha.
1. How does Zerodha make money?
Zerodha makes money by charging a small fee for each trade that you make. The fee is based on the volume of the trade and is typically a few basis points (0.01-0.03%).
2. How is Zerodha different from other brokers?
Zerodha is different from other brokers in several ways. First, we’re a completely online broker. This means that we don’t have any physical branches that you can visit. Second, we don’t charge any account opening fees or annual maintenance fees. Third, we have very low trading fees.
3. How do I open an account with Zerodha?
Opening an account with Zerodha is very easy. You can do it entirely online, and it only takes a few minutes. Click here to start the account opening process.
4. How much money do I need to open an account with Zerodha?
You can open an account with Zerodha for free. However, we recommend that you start with at least Rs. 1,000 so that you can trade in multiple lots and take advantage of their low trading fees.
5. How do I deposit money into my Zerodha account?
You can deposit money into your Zerodha account via online bank transfer or by using a debit card. Click here for instructions on how to deposit money into your account.
6. How do I withdraw money from my Zerodha account?
You can withdraw money from your Zerodha account by transferring it to your bank account. Check on the official website for instructions on how to withdraw money from your account.
7. How do I place a trade with Zerodha?
Placing a trade with Zerodha is very easy. You can do it entirely online, and it only takes a few minutes.