Zerodha Review 2024: Pros and Cons Revealed

Broker	Zerodha
Account Minimum	$0
Demo Account	✅
Trading Products	Stocks, derivatives, mutual funds, ETFs, bonds, and more
Fees	Free equity delivery
	Flat ₹ 20 or 0.03% per executed order on intraday trades across equity, currency, and commodity trades
	Flat ₹20 on all option trades
	Free direct MF
App/Platforms	Kite/Console/Coin/Varsity mobile

Is Zerodha Safe?

For any investor, safety should always be the top priority. Is Zerodha safe? As the leading discount broker in India, Zerodha has been reputed and reliable for many years.

Zerodha is regulated by the India Securities and Exchange Board of India (SEBI), a major regulator of the Indian securities market, with license No. INZ000031633, providing traders with a safe trading environment.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	SEBI	ZERODHA BROKING LIMITED	Indian Trading License	INZ000031633

Besides, Zerodha Broking Ltd. is a member of NSE, BSE & MCX. Zerodha needs to obey the rules of NSE, BSE and MCX, including transactions, operating and reporting to ensure regularity and security.

What's more, Zerodha also cooperated with NSDL and CDSL to handle the electronicisation and safekeeping of securities. These depositories are equipped with advanced security measures to protect traders' funds' securities.

Zerodha Pros and Cons

Zerodha Review on Fees

One of the reasons why Zerodha is famous is its low fees, which sets it apart from other traditional brokers. How low is the cost?

Zerodha Equity Charges

Zerodha F&O Charges

Zerodha Currency Charges

Zerodha Commodities Charges

Takeaways:

All equity delivery investments (NSE, BSE):❌

All direct mutual fund investments:❌

Charges for account opening (Online accounts and offline accounts):❌

Charges for optional value-added services (Tickertape):❌

Deposit (UPI):❌

Overall, the fees of Zerodha are a major strength, which is transparent and affordable, benefiting both frequent traders and long-term investors. Zerodha is also a cost-effective option in the Indian brokerage market because the fees of other traditional brokers like Angel One and Upstox are up to ₹20 or 0.05% per trade. As a result, low and transparent fees make a foundation for more traders.

Zerodha Review on Platforms

Zerodha offers multiple trading platforms, Kite, Console, Coin and Varsity mobile. Among these platforms, there are straightforward interfaces for beginners and intricate systems for professionals.

① Varsity mobile - Best for beginners

Varsity mobile is easy for beginners to use. It offers learning modules, videos and articles ranging from basic to advanced lessons for beginners to make a foundation for trading. Besides, it sets deep knowledge into bite-size cards, which make knowledge easy to learn. So it is a good choice for beginners.

② Kite - Best for experienced traders

The trading platform, Kite, is not ideal for beginners. On the one hand, while Kite offers a modern and smooth interface, its innovative design and sophisticated data will overwhelm beginners. For example, beginners might struggle with interpreting complex charts and utilizing the platforms extensive market-depth data. On the other hand, charting interfaces can show traders hundreds of indicators, studies, and tools, even extensive historical data for stocks and F&O contracts. It is useful for experienced traders to analyse the data. Without trading experiences, beginners should be baffled about how to use tools and data.

Though it provides web and mobile apps that are fast and easy to use, Kite's function is complex for beginners, so it is not a good choice for beginners.

③ Console

Console is Zerodha's back-office administration tool that provides account management, trade logging, report generation and more. It is not used for actual trading but is essential for traders to manage and analyze their accounts. It is useful for someone who relies on trading tools to make trading strategies.

④ Coin

Coin is a platform from Zerodha that focuses on investments in Direct Mutual Funds (DMFs). It helps investors buy and manage mutual funds directly without paying the usual sales charges.

Zerodha's Customer Support

Zerodha offers 3 lines of contact: new account opening, support and call & trade.

Its headquarters are Zerodha, #153/154, 4th Cross, J.P Nagar 4th Phase, Opp. Clarence Public School, Bengaluru - 560078. Besides, it has 75+ branches and partner offices. Zerodha's information is transparent and traders can see more contact details on the website about escalation matrix and key management personnel details.

Traders also can add WhatsApp or Telegram groups to talk about their trading experiences with other traders and enjoy the trading environment.

Furthermore, traders can see the latest information on social media, such as Twitter, Facebook, Instagram, and Linkedin. If you want to know more about Zerodha, YouTube offers many related videos.

In short, Zerodha provides many ways of customer support. But its response time is not in time and slower than other brokers who provide 7/24 online chat.

Contact Channels	Details
	https://www.whatsapp.com/channel/0029Va8tzF0EquiIIb9j791g
	https://t.me/zerodhain
	https://x.com/zerodhaonline
	https://www.facebook.com/zerodha.social
	https://www.instagram.com/zerodhaonline/
	https://www.youtube.com/@zerodhaonline
	https://www.linkedin.com/company/zerodha

Is Zerodha Good for Beginners?

Though the trading platform kite is not friendly for beginners, Zerodha's core strengths align more closely with the needs of beginners.

Firstly, it is a priority whether the platform can help them learn more knowledge that benefits their investing. Zerodha offers a kite demo account for beginners to exercise in a risk-free environment, familiarizing beginners with the Kite platform's features and trading tools and helping beginners learn how to execute trades and manage investments effectively.

Secondly, fees are the most important thing for beginners. Beginners usually will be cautious when starting the first investment and high fees can deter them from starting. Zerodha has the most competitive fees than other brokers. There are no fees for opening an account and direct mutual fund investments and flat ₹20 intraday and F&O trades. This transparent and low-cost model can attract many beginners. Beginners can start with a small amount, test the fee structure, and gradually expand their investments as they gain confidence.

Thirdly, Varsity Mobile, the learning platform, provides systematic learning resources, from the basic concepts of stock and options to different investing strategies. It also offers self-test questions and graphic and video tutorials, allowing users to monitor their learning journey and reinforce their knowledge, helping users systematically master financial knowledge and trading skills for beginners.

Compare to Similar Brokerages

Logo
Broker	Zerodha	Upstox	Angel One	Groww
Regulation	SEBI	SEBI	SEBI	Not regulated
Account Minimum	₹0	₹0	₹0	₹0
Product offering	Stocks, Derivatives, Mutual funds, ETFs, Bonds	Equities, Commodities, Currency, Futures, Options	Stocks, IPOs, Mutual funds, Futures and Options, Commodities, US stock	Stocks, Futures and Options, IPOs, Mutual funds, ETFs
Fee	₹20 or 0.03% per trade for intraday and F&O	₹20 or 0.05% per trade for intraday and F&O	₹20 or 0.05% per trade for intraday and F&O	₹20 or 0.05% per trade for intraday and F&O

FAQs

Is Zerodha Legit?

Yes, Zerodha is regulated by the India Securities and Exchange Board of India (SEBI), the regulatory authority overseeing securities markets in India.

Is Zerodha suitable for beginners?

Yes, it offers varsity mobile platforms for traders to learn financial knowledge and demo accounts to practice.

How do Zerodha's commissions compare to other brokers?

Compared to other brokers' commissions, Zerodha is relatively low, which only charges for ₹20 or 0.03% (whichever is lower) per trade for intraday and F&O.

Find more professional reviews on brokerage firms on WikiStock (https://www.wikistock.com).