Zerodha Broker Review 2023
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Contents
Zerodha Online Account Opening
How to Open a Demat and trading account at Zerodha?
Want to know about the Zerodha account opening process. Zerodha Online account opening charges, procedure, fees, forms, and much more.
We’ll talk about brokerage fees, account opening fees, maintenance fees, trading platforms, products, my personal experience with Zerodha, and more in this Zerodha review. By the end of this article, you’ll know everything there is to know about Zerodha trading services and whether or not this broker is ideal for you. Let’s get this party started.
Zerodha Account Opening (2023)
No.1 Broker In India
- ₹0 Investments
- ₹0 Free Equity Delivery
- ₹0 Free Direct Mutual funds
- ₹20 Intraday and F&O
- 5+ Million Clients
- Modern platforms and apps
Zerodha Demat account And the Trading account 2023
When you want to invest in the stock market for the first time or if you don’t have an account, you’ll need a Demat account. It is a stock market licence that allows you to trade on the market. The Demat account is where you keep all of the shares you buy.
Actually, the share balance is kept, which implies that after selling shares from a number of available shares that have already been purchased, the balance is kept in this account.
About Zerodha Broker
Zerodha is a discount stock broker offering different trading services in Equity, Commodity Derivatives, and Currency segments at BSE, NSE & MCX to stock market investors in India.
Zerodha was founded in 2010 with the goal of providing Indian investors with a low-cost, high-tech trading platform. Zerodha has the largest active retail clientele in the country thanks to its in-house technology and pricing approach.
Rainmatter, a famous Indian fintech fund and incubator, has invested in Zerodha.
Zerodha’s safety is backed up by the fact that it is regulated by a top-tier financial regulator and has transparent administration and ownership.
Zerodha Award Winning
- Economic Times Startup of the Year (2020)
- National Stock Exchange (NSE) Retail brokerage of the year 2019
- Outlook Money Retail broker of the year 2017
- National Stock Exchange (NSE) Retail brokerage of the year 2018
- Ernst & Young Entrepreneur of the year Startup 2017
Services Offer By Zerodha
- Futures and Options
- Currency derivatives
- Commodity derivatives
- Stocks & IPOs
- Direct mutual funds
- Bonds and Govt. Securities
How to open Zerodha Demat Account?
Zerodha Demat Account Opening Process is too easy and Fast. Zerodha provides you the following two ways to open Demat Account
Zerodha Account Opening through Online Process
Zerodha Account Opening through Offline Process
Zerodha Demat Account Opening Time
Online Zerodha Demat accounts are opened within 5-10 minutes after successful verification of your documents.
If you are applying for Zerodha Demat account offline then it will take up to 2-3 days to process your application and open the Demat account with Zerodha.
Zerodha Demat Account Opening Documents Required
To open Zerodha Demat account, you would need the following documents
- PAN card
- Aadhaar Card (For online account opening)
- Copy of your signature proof
- Cancelled cheque or Bank statement
- Income proof (Latest Salary Slips, Bank Statement, Form-16, ITR, etc)
Note:- Income proof is only required only if you want to trade in Futures & Options. It is not compulsory If you want to do other types of trading.
Zerodha Demat Account Opening Charges
If you want to open a new Demat account with Zerodha Broker, You have to pay Demat account opening charges. The broker also charges Annual Maintenance Charges (AMC), and a yearly fee to maintain the Demat account.
Zerodha Account Opening Charges
Types of Services | Charges |
Trading Account Opening Fee | ₹200 |
Demat Account Annual Maintenance Charges (AMC) | ₹300 |
Demat Account Opening Charges | ₹0 |
Also Read: How to Open Demat & Trading Account in Upstox
Step by Step Procedure to open your Online Demat account with Zerodha Broker


Step 1: Firstly Go to the Zerodha account opening page on your web browser. Click on the below link to directly Go to the Zerodha.
Step 2: Now Enter your mobile number to sign-up.

Step 3: You’ll receive an instant OTP to verify the mobile number from Zerodha.

Step 4: After that Enter your Full name and email id.
Step 5: Remember your email address correctly, Here you’ll again receive an OTP to verify your email address.

Note: This is the same email address where you’ll receive all the information, notes, newsletters, and much more from Zerodha.
Step 7: Now, Enter the OTP that you’ve received on your email to verify your email address.

Step 8: Next, enter your PAN Number and Date of birth (DOB) details.

Step 9: After that, Complete the Zerodha account opening payment.

For the equity Segment: You’ve to pay Rs 200 and
For the commodity Segment: You’ve to pay Rs 100.
Here, you can complete the payment through Debit Card, Credit Card, UPI, or Net-banking.
So, Tick the checkboxes according to your requirement and click on Pay & Continue button.
Note: Make sure to uncheck the commodity account, if you’re not want to trade in commodity segment.
Step 10: After the successful payment, you will see the Congratulations message from Zerodha on the screen and also receive an email regarding your payment.
Step 11: After that, It will ask you to connect your Aadhar Card details via/through Digilocker.

Step 12: Now Create Your Account with Digilocker Account or If you already have an account, then click on Sign in option.

Step 13: After entering your DigiLocker account Details, Select your Aadhar card. If you’re new to the DigiLocker, Just enter your Aadhar Card number and verify using OTP received on your mobile number.

Step 14: After that, Now click on LINK YOUR DIGILOCKER WITH ZERODHA

Step 15: Once your Aadhar Card verification is complete, It will displaying a message Let’s Finish The Application
Here, you need to fill all the Bank Details like your Bank account number, Bank name, Branch’s IFSC Code.
Step 16: After that, you have to fill Basic details like Marital status, Father’s first name & Father’s last name, and more details. After entering all the details, Just click on Continue
Step 17: Next step is IPV Verification over webcam or smartphone.

Step 18: In IPV Verification, You will see an OTP on the screen. You need to write down the given OTP on a paper or your smartphone.
Then, Just hold the piece paper or smartphone with the code in front of your mobile phone screen or webcam.
Step 19: Just Click on Start IPV button, then click on Take Video and finally Tap on SAVE IPV.
Step 20: In the Next Step, you have two options Either Digitally sign the application with Aadhaar Card (mobile OTP) or Print & Courier it.

Note: We will suggest you selecting Aadhaar Card Option (If your Mobile Number Linked with Aadhard Card)
Step 21: Now, Upload your scanned copy of documents: Includes Bank Account Proof, Your Signature, PAN Card, and Income Proof (Optional) It’s only required if you want to trade Futures & Options (F&O), Currency, and Commodity.
Step 22: After that, it’s time to eSign. Just click on eSign Equity button and proceed. Now Enter Security Code received on your Mobile no / Email Address and click on Submit Button.
Step 23: Next, Enter your Aadhaar Card number, tick the checkbox, and click on Request OTP button.
Here, Just enter the OTP number which received on your registered mobile. With this eSign process for Equity Segment is complete now.
Note: If you want to do a commodity trading account, then repeat the same process again by clicking on eSign commodity as shown in Step 23
Step 24: After Performing All the above steps you’ve completed the application sign up, Now you have to download the POA (Power of attorney) {Find it at bottom} form, Just fill it up & send it to the Zerodha office address mentioned below.
ONE-STOP SOLUTION FOR ALL INVESTING
Best Online platform to invest in Stocks, Mutual funds, Derivatives, and more
Also Read: How to Open Demat & Trading Account in Fyers
Zerodha Kite Platform
Kite is one of India’s greatest trading platforms, thanks to a diverse set of features such as excellent charting, numerous market watchlists, fund transfer, trade from the chart, and more. Here are the specifics:
Kite is a multilingual app that supports over 10 languages, allowing users to use the platform in their native tongue.
At the BSE, NSE, and MCX, the Kite platform offers online trading in the equities, derivative, commodity, and currency segments.
Kite provides a single search bar for all instruments, including stocks, equities F&O contracts, and MCX commodity derivative contracts.
With 6 distinct types of charts, 100+ technical indicators, 20+ drawing tools, numerous chart display options, several chart timeframes, and more, Kite has the most powerful charting function.
Customers can place MIS (Margin Intra-day Square Off), CNC (Cash N Carry), NRML, Stop loss, Stop loss-market, and other sorts of orders. They can also use Kite to place advanced orders such as bracket orders (BO), cover orders (CO), and good till triggered (GTT).
It’s a Zerodha website (https://zerodha.com/) that first launched in 2015. It can be accessed via mobile devices, tablets, and any web browser. You can trade in any language you know and understand everything on the screen in that language alone, which makes this platform stand out. It comes with a total of ten languages pre-installed. So, if you don’t feel at ease in English, pick a different language. Isn’t it simple?
With over 100 different indicators and 6 different chart formats, it gives rich charting facilities to understand the deep analysis on the stock market. Not only that, but this website uses very little traffic with less than 0.5kbps for a full MarketWatch, allowing you to browse them quickly.
Order Type | Details |
---|---|
CNC Order | CNC orders are utilised for delivery trading, thus you’ll need 100 percent margin in your trading account up front. During the T+2 period, stocks purchased on CNC will be transferred to your Demat account. Zerodha provides zero-brokerage |
MIS Order | You can begin intraday trading by placing a MIS (Margin intraday square-off) order, which requires you to end your positions during the same trading session, or Zerodha will close your position at a cost of Rs. 50 + GST. |
Market order | A buy or sell order is placed at a scrip’s current market price. |
Limit order | Limit orders are buy or sell orders that are placed at a predetermined target price. |
Stop loss order (SL) | A stop-loss order is a limit order that is placed on the exchange whenever the stock price level hits a predetermined level, and the order is automatically placed at the given price. |
Stop-loss market (SL-M) | Once the stock reaches the trigger price, this sort of order is placed at the market price on the exchange. |
Regular (NRML) | These are standard F&O orders that will be held until the expiration date. |
GTT Order (Good Till Triggered orders)
Just Place Single-leg triggers to Enter or Exit Stock Holdings until your price condition is fulfilled, as well as target and stop-loss (OCO or One Cancels Other) orders for your stock holdings at the same time.
Also Read: How to Open Demat & Trading Account in Aashtha Trade
Zerodha other Products
Trader App by Zerodha
It is an app that can be installed on both computers and mobile devices. It gives you real-time marketing capabilities, as well as fast connectivity and everything you need to complete any trade. This is provided for no charge.
Zerodha Mobile is a smartphone company based in India. The website is also available as an app, which will simplify your trading operations with only a few finger taps.
Zerodha Trade Console
Your Zerodha account’s central dashboard, including detailed reporting and analytics on your trades and investments. Easy-to-understand representations of multi-dimensional insights from your transactions and portfolio.
From the day of purchase, you may see a detailed breakdown of your equities by trade. Per-trade charge breakdowns displaying brokerage, STT, and other fees can help you better understand your trades.
Zerodha Coin App
Zerodha Coin is India’s largest direct mutual fund platform, which allows you to buy direct mutual funds online from asset management providers without paying a commission. Your Demat account has your mutual funds, stocks, currencies, bonds, and more.
Zerodha Trade Sensibull
Riskilla Software Technologies Private Limited owns the Sensibull Options Strategy Platform. Sensibull has partnered with Zerodha to offer Zerodha users an options strategy platform. Sensibull allows you to design bespoke tactics to trade your perspective and visualise your profit and loss.
It generates a list of strategies depending on your preferences and compares them so you can pick the best one. Sensibull uses stunning graphs to help you visualise your trading profit and loss under various conditions. It assists you in keeping track of your positions and performing a scenario analysis of your trades. The Call and Put Analyzer makes deciding whether to buy or sell a call or a put easier.
Top Features of Sensibull
- Options Trading Strategy Builder
- Call Option And Put Option Analyser
- Nifty Option Chain
- Bank Nifty Option Chain
- Open Interest Data
- FII & DII Data
- Put Call Ratio
- Implied Volatility for Options
- IV Chain
- Greeks
- Breakeven
Sensibull permits putting options in order based on the strategy you select. All you can do enter your market view on any stock or index and Sensibull will do its work. It provides all the different techniques that you may apply together with profit percentage, capital required and return on investment for each plan.
Zerodha Call and Trade Service
The Zerodha team also provides a calling on phone service for customers who are unable to trade via mobile phones or websites. They must pay Rs20 for every trade execution for this.
Zerodha Sentinel App
Create powerful market notifications for stocks, futures, options, and more for free in the cloud. Alerts are stored in the cloud and are ready to be activated whenever you want them to be—today, tomorrow, or months from now, even while you’re not there.
Kite online, mobile, and e-mail notifications are available. There are more than 20 data points to set alerts on, including the last traded price, OHLC, bids and offers, and more. Set up notifications across exchanges for 90,000 stocks, bonds, commodities, futures, and more.
Zerodha Pi App
It’s a desktop trading tool that allows you to do things like charting, research analytical reports on various themes, algos, and strategies, among other things. It contains 18 different chart indicators and 10 different chart types.
Traders can watch up to 50,000 candles with this software, depending on their system performance and configuration. They come with pre-installed strategies and rapid order input screens, allowing you to design your own strategies, backtest them, and trade right from the chart.
Zerodha Brokerage Charges Calculator
Zerodha Margin Calculator
Zerodha Contact Support
You can directly in touch with Zerodha for any queries or problems
Zerodha Contact Number: +91 80 4718 1888, 080 4719 2020, 080 7117 5337
Zerodha Support Email Address: support@zerodha.com
Zerodha Head Office Address: Zerodha, #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore – 560078
How to Log in to Zerodha Console?
Step 1: Just Visit console.zerodha.com and click on the ‘Login with Kite’ button.
Step 2: On the following page, enter your Zerodha Kite login ID and password, and answers to your 2FA question to log in.

Zerodha Pricing
Zerodha is the pioneer of the flat brokerage model, which offers the lowest online trading brokerage expenses of up to Rs. 20 per order across all segments. Here’s a link to the segment-by-segment brokerage.
Free Equity Delivery: All equity delivery investments (NSE, BSE) are absolutely free and 0 brokerages.
Intraday and F&O trades: Flat Rs. 20 or 0.03% (whichever is lower) per executed order on intraday trades across Equity Segment, currency segment, and commodity trades.
Free Direct Mutual Fund: All direct mutual fund investments are absolutely free, commissions & DP charges.
- Equity Delivery: Free
- Equity Intraday (MIS): Flat Rs. 20 per order or 0.03% whichever is lower
- Direct Mutual Funds: Free, Zero Brokerage
- Equity Options: Flat Rs. 20 per order
- Commodity Options: Flat Rs. 20 per order or 0.03% whichever is lower
- IPO: Free
- Equity Futures: Flat Rs. 20 per order or 0.03% whichever is lower
- Currency futures: Flat Rs. 20 per order or 0.03% whichever is lower
- Currency options: Flat Rs. 20 per order or 0.03% whichever is lower
- Commodity futures: Flat Rs. 20 per order or 0.03% whichever is lower
How to Deposit Fund in Zerodha Kite App
Zerodha does not require a deposit fee. Bank transfers and the Unified Payment Interface (UPI), an instant payment system, are both acceptable methods of deposit. Credit/debit cards, unfortunately, are not accepted.

A bank transfer can take several days, whereas credit/debit card payments are immediate.
Only money from accounts in your name can be deposited.
How To Withdraw Money from Zerodha Kite App?
Step 1: Log in to your Zerodha account through the Kite platform
Step 2: Click “Funds” on the top
Step 3: Select “Withdraw”
Step 4: Enter the amount, account number and payment method
Zerodha Frequently Asked Questions (Faq)
The Account Maintenance Charge (AMC) is the cost to maintain your Demat account, it is applicable only for the Demat account maintained with Zerodha, Your trading account, and commodity account will doesn’t have a maintenance charge.
Conclusion
By providing dependable and technologically advanced trading services over the last decade, Zerodha has won the trust and respect of the trading community. It is without a doubt India’s largest discount broker. Zerodha is one of the greatest options if you want to register a brokerage account with a renowned company that offers inexpensive brokerages and a quick trading interface.
Because Zerodha is the oldest discount brokerage service, it has consistently delivered excellent results. It offers very low-cost services that are also quite satisfactory. The positive and bad points are directly in front of you.
Customers still confront some challenges from Zerodha, however, this does not imply that the company provides terrible customer service. It has consistently enhanced its service over time. So there’s no need to be afraid of dealing with Zerodha.
Do you have any questions about Zerodha Account Opening Process?
Originally posted 2022-01-08 11:04:51.




