Zerodha Review 2020 – Unbiased Review

Last Updated : 04 April 2020

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Zerodha Review 2020 : Demat & Trading Account

Zerodha Review is a Bengaluru based company founded in 2010 by brothers Nithin Kamath and Nikhil Kamath. The name constitutes of words zero and rodha where rodha means obstruction. 

Nithin started trading at the age of 17 and within a few years he got a client to manage his money and became a successful sub-broker. Then he with his younger brother decided to start with Zerodha. 

The major challenge that the company faced initially was credibility owing to its low charges. As of 2019, the company has become the largest retail stockbroker in India.

Comparison of Zerodha Brokerage charges with ICICI Securities and Sharekhan

  • Comparing the Sharekhan and Zerodha, the equity delivery brokerage of Zerodha is free while it is 0.5% for Sharekhan. 
  • The other Zerodha brokerage rates for intraday, currency and commodity futures trading, etc. are fixed to be either Rs. 20 per transaction or .01% whichever is lower while it varies from 0.10% to 0.30 and Rs.30 for Sharekhan. 
  • Comparing the brokerage charges of Zerodha and ICIC securities, the charges of ICICI Securities vary from 0.05% to 0.55% and Rs. 25 to Rs. 10 per lot.

Zerodha Review : Special Offer – (March Update)

The Zerodha-IDFC first bank offers a seamless investing experience with its 3-in-1 account consisting of Zerodha Trading Account, Demat Account and IDFC Bank Account. With this joint account, you can get a safe and secure investing experience. You need to pay an amount of Rs. 200 for the trading and Demat account while Rs. 100 for commodity account. There are no extra charges and can convert your already existing account also into a 3-in-1 account.

You just link your IDFC First Bank Account with the Zerodha account to enjoy the below benefits it has to offer:

  1. Zero brokerage on the buying and selling of shares.
  2. All the intraday and F&O orders are for Rs. 20 only.
  3. You can access the state-of-the-art Kite trading platform.
  4. Fund transfer from a bank account is fast, easy and free and just a click away.
  5. Fund transfer has no upper limit.
  6. You can easily track all your assets such as mutual funds, stocks, account balance, etc. in one place.

Zerodha Review : Different Charges of Zerodha

It has two trading plans for its customers, i.e. Basic Plan and Priority Plan. Below is the comparison of Zerodha brokerage charges of these two plans:

Zerodha Brokerage Charges

Zerodha Charges

Equity Delivery

Equity Intraday

Equity Features

Equity Options


Zero Brokerage

0.01% or Rs. 20 per order whichever is lower

0.01% or Rs. 20 per order whichever is lower

Rs. 20 per order


0.1% on buy and sell

0.025% on sell side

0.01% on sell side (on premium)

0.005% on sell side (on premium)

Transaction Charges

NSE: 0.00325%      BSE: 0.003%

NSE: 0.00325%      BSE: 0.003%

Exchange transaction charge: 0.0019%

Exchange transaction charge: 0.05%


18% on (transaction and brokerage charges)

18% on (transaction and brokerage charges)

18% on (transaction and brokerage charges)

18% on (transaction and brokerage charges)

SEBI Charges

Rs. 10/Crore

Rs. 10/Crore

Rs. 10/Crore

Rs. 10/Crore

Zerodha Account Opening Charges

Certain charges are imposed while an account is opened. These changes are one time charges and can be made by different modes of payment.

Zerodha Trading Account Opening Charges

Rs. 200

Demat Account Opening Charges

Rs. 100

Commodity Account Opening Charges

Rs. 200

(Demat + Trading) Account Opening Charges

Rs. 300

(Equity + Commodity) Account Opening Charges

Rs. 500

Zerodha Annual Charges

There are some annual maintenance charges also on the accounts that need to be paid. These need to be paid once in a year so that Demat account can be maintained with Zerodha.

Below is the Annual Maintenance Charges (AMC) of Zerodha:

Trading Account AMC

Rs. 0

Demat Account AMC

Rs. 300

Commodity Account AMC

Rs. 0

Zerodha Review – Different Trading Platforms

Zerodha provides many platforms which are used by its users for trading purposes. Below are the Zerodha trading platforms:

Kite 3.0

Zerodha is the best discount broker which is used to buy and sell shares. Kite is a trading platform of Zerodha where the trading performance of the investors can be optimized. Zerodha always gives its best in web services to make it user-friendly. Kite’s latest version 3.0 is proof that the company is doing its best for users.

Kite Mobile

Most of the daily trade occurs these days by mobile applications. Kite mobile provides such a platform to the users where they can trade on the go. This platform is created to cater to the needs of both active day traders as well as passive investors. Moreover, Kite mobile provides enhanced user experience and high speed.


Sentinel is a platform that provides its users the real-time market alerts. Basic alerts can be set based on attributes such as trade quantity, price, open interest, and volume. Users can also apply advanced alerts by combining these attributes. Sentinel provides its users with a platform irrespective of the broker they are using.

Zerodha PI

Zerodha Pi is terminal software for trading provided by Zerodha. Zerodha Pi is an installable file that can be downloaded and installed by users on their laptops or desktops and can use it for trading purposes. Zerodha Pi basically suits the intraday traders because of its high-performance software and real-time tips provided by expert advisors.

Additional Products by Zerodha


Zerodha Coin is a leading platform that allows you to purchase direct mutual funds from the companies with zero commission. You have all your stocks, bonds, mutual funds, currencies, etc in your Demat account. This service can be enjoyed on your IOS and Android devices.

Coin Mobile

Zerodha coin mobile is the same as Zerodha coin the only difference is that it is available as thr mobile application. The Coin Mobile has made the investments in mutual funds much easier and it works on both Android as well as IOS versions.

Kite Connect API

You can build a strong trading platform and make use of our user-friendly HTTP/JSON APIs. It is very useful for those who are a startup. They have a chance to make their investment apps impressive to your customers.


Console acts as a back-office platform which lets its users keep the track of debits and credits in your trading account through account statement. Here users can place withdrawal requests, download margin statements and contract notes, track your mutual funds, and many more.

Zerodha Review – My Experience With Zerodha So Far

I initially used to invest in the stock market using ICICI direct and was happy with the services but later realized that ICICI direct was expensive and sometimes it killed the profits by brokerages. Then I came to know about Zerodha and started trading in SIP and mutual fund using the platforms provided by Zerodha and it was a great experience. The Zerodha Brokerage rate was low and was thus profitable. The user interface is good and easy to understand even for the novice as compared to other sites providing stock investment services. 

I have a Demat account in many brokerage firms but the one with Zerodha was best for me. I would really recommend Zerodha for a stock investment and brokerage services. Account opening was a very easy and smooth process which just needed a few steps to be followed and few documents to be submitted. 

What I Like & What I Didn’t Like About Zerodha

Zerodha is the best discount broker in India. Though, it has few cons also in addition to a large number of pros.



How To Open Zerodha Account?

To open the account with Zerodha, there is an online and offline method. 

In an online method which takes just 15 minutes, you need to sign up on its site using your mobile number and OTP. Then enter the personal and bank details, PAN details and perform Adhaar verification. Then upload the documents on the account opening page and that is it. However, you can opt for an offline method if you do not want to do Adhaar verification. But I would recommend an online method as it is fast and easy. 

The Documents Required Are:

  1. PAN Card
  2. Adhaar Card
  3. Cancelled cheque
  4. Bank statement 
  5. Passport size photos 


To conclude Zerodha Review, Zerodha is the best stock Investment Company in India. It is like a friend to both traders as well as investors. Before Zerodha, the brokerage was high and traders used to perform more trade in comparison to normal investors. But with Zerodha in 2010, the brokerage became zero which is the main reason for its popularity.

It was the first discount broker company which has promised to deliver great features and services at 90% discounted brokerage. The increasing popularity and the number of clients have proven the credibility of the company. The clients have given the positive Zerodha reviews making it the best company. It has shown a growth of 200-300% in the last five years.

Anshul Agarwal

Anshul Agarwal

Anshul Is An Young Stock Market Enthusiast, He Trade Frequently & Has Gained A Great Knowledge In Financial Market. He Loves Contributing His Knowledge To Various Blogs & Magzines.

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