• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Overview Overall

Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that the overall dynamics of the stock broking space has seen huge transformation. It offers a broad range of financial products and services including securities brokerage, mutual fund distribution, Commodity trading etc. at low brokerage (zerodha rs 20 per trade).

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why Zerodha?

  •  Zerodha Charge flat rate of ₹20 per executed order.
  •  Zerodha does not charge any brokerage on Equity delivery transactions.
  •  Zerodha provides platform to invest in mutual funds.
  •  Innovative trading platform.
  •  No upfront fee, no minimum brokerage and no minimum contract charges.


  •  No Brokerage on Equity delivery.
  •  Flat rate for stock trading.
  •  Own DP services.
  •  Strong Customer service .
  •  Good Brokerage & Margin Calculator.

Needs Improvement

  •  No margin funding.
  •  Does not facility to Invest in IPO.
Overview :
Zerodha Review  
Year of Incorporation 2010
Products Kite Web, Kite Mobile for Android/iOS and Coin
Demat Services No
Active Exchange Memberships NSE, BSE, MCX and NCDEX
Website https://zerodha.com
Contact Details 080-40402020
Total Number of Clients 2,720,797+
Total Number of Branches 22

Zerodha Zerodha is an Indian financial services company (member of NSE, BSE, MCX, MCX-SX) which allow the investor to access Brokerage-free equity investments, retail and institutional broking, currencies and commodities trading, and mutual funds across all platforms of stock market and commodity market.

Zerodha claims that they are the one who has started "India's first discount brokerage" having started the "discount broking" model in India that is popular in developed markets. The said discount broking model avoids variable charges based on the volume and charges flat fees irrespective of volumes therefore favours traders who take large futures and options provisions. A flat fee of a maximum of Rs: 20 are applied to a trade, irrespective of its size and by 2015 the Zerodha became the first company which offers the brokerage and commission free equity investments with no annual maintenance charges.

Zerodha has it's headquarter in Bangalore and also accessible in the major cities across the India. Zerodha have other franchise offices in Hyderabad (Andhra Pradesh), Pune (Maharashtra), Ahmadabad (Gujarat), Chennai (Tamil Nadu), Vijayawada (Andhra Pradesh), Hubli (Karnataka), Salem (Tamil Nadu), Coimbatore (Tamil Nadu), Kanyakumari (Tamil Nadu) and Kochi (Kerala).

It is also an official member of NSE's consultative committee for growing business. As of January 2017, Zerodha contributes up to 10% of retail trading volumes on Indian stock exchanges and have more than 1Mio active customer which place them in number one position in brokerage industry.

Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer
Zerodha became no 1 Stock broker both by the number of active clients and the trading turnover surpassing ICICI direct In January 2020 .

The headquarters of Zerodha is in Bangalore and its other franchise offices are in the major cities such as Hyderabad (Andhra Pradesh), Pune (Maharashtra), Ahmadabad (Gujarat), Chennai (Tamil Nadu), Vijayawada (Andhra Pradesh), Hubli (Karnataka), Salem (Tamil Nadu), Coimbatore (Tamil Nadu), Kanyakumari (Tamil Nadu) and Kochi (Kerala). Among the innumerable discount brokers in the nation, Zerodha is the firm that went online first. Anyone who would like to open an account online can walk into these franchise offices and get the services needed.

It has won the "Retail brokerage of the year 2018" by National Stock Exchange (NSE), "Retail broker of the year 2017" by Outlook Money and "Entrepreneur of the year (Startup) 2017" by Ernst & Young.

Recently Zerodha has also launched the Mobile app called Zerodha varsity with two modules 'Introduction to stock markets' and 'Technical Analysis', which would provide highly structured and detailed notes about literally everything you need to know about trading and investing. This is available online and is free to access for all.

"Zerodha charges INR 20 per Order execution for using Call & trade facility.Further, INR 9 is charged for each fund transfer through the banks"

Zerodha provides a margin calculator which helps the trader to calculate their margin requirement. It also helps the trader to calculate their margin requirements during intraday.

Zerodha Affiliation Details

  1. CIN : U67190KA2011PTC058078
  2. Zerodha NSE Member ID :
    • Capital Market (CM) - INB231390627
    • Future & Options (F&O) - INF231390627
    • Currency Derivatives (CDS) - INE231390627
  3. Zerodha BSE Member ID :
    • Capital Market (CM) - INB011390623
    • Future & Options (F&O) - INF011390623
  4. CDSL: IN-DP-CDSL-00278209
  5. NSDL: IN-DP-NSDL-11496000

Customers Service options offered by ZERODHA

Zerodha offers multiple communication channel to its clients for using the customers service.

  1. Phone Number :
    • Customer Support / Call & Trade :
      • 080 4040 2020
      • 080 3310 2020
  2. Email Support : [email protected]
  3. Corporate Office :
    #153/154 4th Cross Dollars Colony,
    Opp. Clarence Public School,
    J.P Nagar 4th Phase,
    Bangalore - 560078
    080 4040 2020

Active Client Details Of Zerodha

  • 27.2+ lakh clients.
  • 22 Branch Office

Zerodha Account Opening Charges 2020

Zerodha charges Rs. 200 for online & Rs. 400 for offline account opening for Trading Account which is the onetime fee charged while initiating your account opening process. Rs. 300 are annual maintenance charges and would get deducted from your account even if you haven not trade for a year by Zerodha to maintain your account.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Zerodha Equity Trading Account Rs.200 for Online and Rs 400 for Offline account Opening NIL
Zerodha Equity & Commodity Trading Account Rs.300 for Online and Rs 600 for Offline account Opening NIL
Zerodha NRI Trading Account Rs.500 (Offline account Opening only) NIL
Demat Account Rs.100 Rs.300

Zerodha Account Offering

At Zerodha you can open an Equity & Derivatives Trading account, Demat account and Commodity Trading account.

Equity & Derivatives Trading Account

Zerodha offers only online Trading Accounts, and you will have an option to trade either through a software-based platform, a web-based platform or a mobile application. In case you don't have access to any of the above mention platforms then call and trade is also an option for the trade.

You can trade in Stocks, Futures & Options of Stocks, Indices and Currencies. Annual Maintenance charges for a Trading Account nil incase of Zerodha.

Equity Demat Account

Annual maintenance charge (AMC) for a Demat account at Zerodha is Rs.300 which is collected at the end of the financial year on a pro-rata basis and the Demat account opening charges are Rs.100.

Commodity Trading Account

A Commodity Trading account is what you open with a Trading Member (Commodity Broker as you call him) of recognized Commodity Exchange (MCX, NCDEX etc. in India). There are no Annual Maintenance charges for your Commodity Account at Zerodha and you can trade on MCX. Only futures trade on MCX and hence there is no need of a Demat Account for trading Commodities. At the end of the contract, the Future is cash settled (if you haven'.t already squared off the position) or you can opt for physical delivery (not allowed at most of the online broking firms, including Zerodha).

Important things to remember while opening an account with Zerodha:

  • Open only "Trading Account" if: You intend to trade only Futures & Options and/or Currencies, be it Intraday or Positional. Demat account is not required.
  • Open "Trading and Demat" if: You intend to take delivery of Stocks (buy and hold stocks overnight) along with trading in Futures & Options and/or Currencies.
  • Open "Commodity Trading Account" if: You intend to trade only Commodities.

Opening an Account with Zerodha

The account opening process in India still requires offline processes for completion. We still have to sign physical copy of forms and other documents.

Account opening fees are as follows :

  • If you print your T&D forms, Rs 200 for Trading and Rs. 100 for Demat, Total Rs.300
  • If you fill out our forms, Rs.300 for Trading and Rs.100 for Demat, Total Rs.400.
  • If you opt for priority, Rs.350 for Trading and Rs. 100 for Demat, Total Rs.450.
  • AMC charges of Rs.300 are collected at the end of the financial year on a pro-rata basis and the Demat account opening charges are Rs.100
  • DP charges are Rs.8 +Rs.5.5 = Rs.13.50 which is charged only on the sell side of the transaction.

The Final Thoughts about Zerodha

Zerodha being the original pioneer of the discount broking model in India and brought the concept of discount broking in our country and that brings the huge transformation in the overall dynamics of stock broking. They have hit a sweet spot in terms the cost and the benefits they offer. Zerodha comes with the affordable price rate, which is an excellent choice for any trader (beginner or an expert). Zerodha provides free Equity trading to beginners. The Zerodha helps you in gaining your knowledge with Varsity, trading QnA so if you are a beginner or experience trader the Zerodha will always take an initiative for being a better investor.
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades. Get the offer

Frequently Asked Questions:

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