Zerodha Review 2024 – Zerodha Brokerage, Demat Account, Best Trading Platforms & Apply Now

Zerodha Review: Investing in the stock market has become an integral part of financial planning for many individuals. Among the myriad of stock brokers in India, Zerodha has emerged as a prominent player. This detailed review delves into the various aspects of Zerodha Stock Broking, highlighting its features, fees, trading platforms, and user experiences. By the end of this review, you will have a comprehensive understanding of whether Zerodha is the right choice for your trading and investment needs.

Zerodha Stock Broking Overview

History and Background

Zerodha, Detailed review on Zerodha Stock Broking features, fees, and user experiences, Zerodha Review

Zerodha, founded in 2010 by Nithin Kamath and his brother Nikhil Kamath, has revolutionized the stock broking industry in India. Starting as a bootstrapped venture, Zerodha aimed to democratize trading by reducing costs and simplifying the trading process. Over the years, it has grown exponentially, becoming India’s largest retail stock broker by active client base.

Growth and Market Position

Zerodha’s innovative approach, characterized by its discount broking model, has disrupted the traditional brokerage market. With over 5 million active clients and a daily trading volume exceeding Rs 15,000 crore, Zerodha holds a significant share in the Indian stock broking industry. Its success can be attributed to its customer-centric policies, robust trading platforms, and transparent fee structure.

Key Features

Zerodha offers a plethora of features designed to cater to both novice and experienced traders. These include:

  • Low Brokerage Fees: Zerodha charges a flat fee of Rs 20 per trade, irrespective of the trade size, making it highly cost-effective.
  • Advanced Trading Platforms: Its flagship platforms, like Kite and Coin, provide seamless trading and investment experiences.
  • Educational Resources: Zerodha’s Varsity offers extensive learning materials to help traders enhance their knowledge.
  • Comprehensive Support: A dedicated support team to assist users with their queries and issues.

Zerodha Trading Platforms


Kite is Zerodha’s flagship trading platform and is known for its user-friendly interface and advanced features. It offers:

  • Real-time Data: Access to real-time market data and news.
  • Advanced Charting Tools: Various chart types and technical indicators for in-depth analysis.
  • Order Types: Multiple order types, including bracket and cover orders, to manage risk.


Coin is Zerodha’s mutual fund investment platform, which allows users to invest in direct mutual funds with zero commission. Key features include:

  • Direct Mutual Funds: Invest directly without any intermediary fees.
  • Portfolio Tracking: Easy tracking and management of mutual fund investments.
  • SIP Management: Seamless setup and management of SIPs (Systematic Investment Plans).


Console is the back-office platform of Zerodha that provides comprehensive reports and insights into your trading and investment activities. It includes:

  • Account Summary: Detailed account and portfolio summaries.
  • Tax Reports: Generate tax reports and P&L statements for filing returns.
  • Trade Book: Access to historical trade data and analysis.


Varsity is an educational initiative by Zerodha aimed at educating traders and investors. It offers:

  • Comprehensive Modules: Detailed chapters covering various aspects of trading and investing.
  • Interactive Learning: Quizzes and exercises to reinforce learning.
  • Mobile App: Access learning materials on the go with the Varsity mobile app.

Zerodha Account Types and Fees

Demat and Trading Accounts

Zerodha offers both Demat and Trading accounts to facilitate seamless trading and investment. The account opening process is straightforward, with options for both individual and joint accounts.

Brokerage Charges

Zerodha’s brokerage structure is one of its main attractions. The charges are as follows:

  • Equity Delivery: Zero brokerage.
  • Equity Intraday: Rs 20 or 0.03% per executed order, whichever is lower.
  • Futures and Options: Rs 20 per executed order.

Additional Charges and Hidden Costs

While Zerodha is known for its transparency, there are some additional charges to be aware of, such as:

  • Call & Trade Charges: Rs 50 per order.
  • DP Charges: Rs 13.5 per debit instruction for the Demat account.
  • Margin Funding: Interest on the borrowed margin.

Trading and Investment Options


Zerodha provides extensive options for trading in equities, including intraday and delivery trading. Its advanced platforms enable users to execute trades efficiently and access in-depth market analysis.

Mutual Funds

Investing in mutual funds is simplified with Zerodha’s Coin platform, which offers a wide range of direct mutual funds with no commission fees. Users can start SIPs and manage their portfolios effortlessly.


Through Zerodha’s Commodity Trading platform, users can trade in various commodities, including precious metals, energy, and agricultural products. This diversification helps hedge risks and maximize returns.


Zerodha also facilitates investment in government and corporate bonds, providing a stable and secure investment option with fixed returns.


Zerodha makes investing in Initial Public Offerings (IPOs) easy. Users can directly apply for IPOs through the ASBA (Application Supported by Blocked Amount) process from their accounts.


Zerodha offers currency trading, allowing users to trade in currency pairs and hedge against currency risks. This adds another dimension to a trader’s portfolio.

Zerodha Customer Support and Service

Customer Service Channels

Zerodha offers multiple customer service channels, including:

  • Email Support: This is for detailed queries and issues.
  • Phone Support: For immediate assistance.
  • Support Portal: Access to FAQs and knowledge base articles.

User Experience and Feedback

Overall, user feedback about Zerodha’s customer service is positive, highlighting quick response times and effective resolutions. However, some users have reported longer wait times during peak market hours.

Response Time and Effectiveness

Zerodha’s support team is known for its prompt response, typically resolving issues within 24-48 hours. Their effectiveness in handling complex queries and technical issues adds to their credibility.

Zerodha Security and Regulation

Regulatory Compliance

Zerodha is a registered member of SEBI (Securities and Exchange Board of India) and complies with all regulatory requirements. This ensures a secure and legally compliant trading environment.

Security Measures

Zerodha employs advanced security measures, including:

  • Two-Factor Authentication (2FA): For added security during login.
  • Encryption: Ensures data security and privacy.
  • Regular Audits: Conducted to maintain compliance and security standards.

Customer Protection

Zerodha’s customer protection policies include insurance coverage for client funds and robust mechanisms to prevent unauthorized access and fraud.

Educational Resources and Tools

Learning Materials

Zerodha offers extensive educational resources through its Varsity platform, providing in-depth knowledge on various trading and investment topics.

Market Research and Analysis

Zerodha’s research tools and market analysis reports help traders make informed decisions. These include:

  • Daily Market Reports: Insights and updates on market trends.
  • Technical Analysis: Detailed analysis of stocks and indices.
  • Investment Strategies: Recommendations and strategies for different market conditions.

Pros and Cons of Zerodha


  • Low Brokerage Fees: Highly cost-effective trading.
  • Advanced Trading Platforms: User-friendly and feature-rich.
  • Extensive Educational Resources: Comprehensive learning materials.
  • Transparency: Clear and upfront about fees and charges.


  • Customer Support: This can be slow during peak hours.
  • Technical Glitches: Occasional platform downtime.
  • No Banking Services: Limited to broking and investment services.

Zerodha User Experiences

Customer Testimonials

Many users appreciate Zerodha’s low-cost structure and advanced trading tools. Testimonials often highlight the ease of use and efficiency of platforms like Kite and Coin.

Case Studies

Several case studies illustrate how Zerodha has helped traders and investors achieve their financial goals, showcasing real-life success stories.

Comparative Analysis

Compared to traditional brokers, Zerodha stands out with its innovative approach and customer-centric policies. However, it faces competition from other discount brokers offering similar services.


In conclusion, Zerodha Stock Broking has carved a niche for itself in the Indian stock broking industry with its low-cost, transparent, and user-friendly services. Its advanced trading platforms, comprehensive educational resources, and customer-centric approach make it an excellent choice for both new and experienced traders. While there are areas for improvement, particularly in customer support, Zerodha’s overall offering remains highly competitive and attractive.

Zerodha Demat Account Opening Process

  • First, you need to visit the link to Open the Account.
  • Fill in your details.
  • Enter OTP received on your Email & Mobile.
  • Enter all your details like PAN, Aadhar, Bank details, Nominees, etc.
  • Once you submit the details, the back-office team will call you.
  • Back-office Team may ask you for PAN, Aadhar, Bank details, Nominees, etc. details to verify.
  • Your account will be opened once the entire process is completed.

Zerodha – Frequently Asked Questions – (FAQs)

How does Zerodha charge brokerage fees?

Zerodha charges a flat fee of Rs 20 per trade for intraday and F&O trades, while equity delivery trades are free of brokerage charges.

What is Kite by Zerodha?

Kite is Zerodha’s flagship trading platform, known for its user-friendly interface and advanced trading features, including real-time data and advanced charting tools.

What are the charges for Call & Trade?

Rs. 50 + GST per trade for Call & Trade.

Can I invest in mutual funds through Zerodha?

Yes, you can invest in direct mutual funds through Zerodha’s Coin platform, which offers commission-free investment options and easy portfolio management.

Is Zerodha regulated by SEBI?

Yes, Zerodha is a registered member of SEBI and complies with all regulatory requirements, ensuring a secure and legally compliant trading environment.

What are DP maintenance charges in Zerodha?

You will be charged Rs. 15 + 18% GST DP Charges on the sell transaction.

What security measures does Zerodha have?

Zerodha employs advanced security measures such as two-factor authentication, data encryption, and regular audits to ensure data security and client protection.

How effective is Zerodha’s customer support?

Zerodha’s customer support is generally prompt and effective, with multiple channels for assistance. However, response times can be longer during peak market hours.