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Zerodha Trading App Review 2024

Zerodha Trading App Review 2024
Brand: Zerodha
Category: Stock brokers

Our Rating

The overall rating is based on review by our experts

8.4
  • Users Rating 9 / 10
  • Features 9 / 10
  • Brokerage Charges & Fees 7 / 10
  • User Interface 9 / 10
  • Customer Support 8 / 10

A lot of people in India use the Zerodha trading app to trade online. Today I’m going to give you my Zerodha trading app review after using it for over 2 years. I must say, it’s pretty great. The app has some pros and some cons, which are listed below:

Zerodha trading app Pros

It has low brokerage fees and no commissions on trades that deliver stocks.

It has many features and tools, like charts, indicators, scanners, screeners, and more, that can help you study the market.

It works with many segments and exchanges, like NSE, BSE, MCX, and more.

It has strong customer service that you can reach by phone, email, or chat 24 hours a day, seven days a week.

Zerodha trading app cons

A fast internet connection and a good device are needed for it to work well.

It has technical problems and connection problems from time to time

Beginners may find it hard to understand at first because it has a steep learning curve.

It doesn’t offer research or advice, so you need to do your own research before you invest.

Zerodha Overall charges

That being said, I believe the Zerodha trading app is the best choice for anyone in India who wants to trade online. Some small problems exist, but the pros are greater than the cons. That’s right, you should give it a try if you want a trustworthy and cheap trading app.

Charges & Features

Company Overview

Company name Zerodha
Headquarters Bengaluru
Founder Nithin Kamath
Establishment Year 15 August 2010

Account opening & AMC

Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹200
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹0

Pledge Charges

Pledge Creation Charges ₹30 + GST per pledge request
Pledge Invocation Charges ₹0
Interest on Margin Trading 0.035% per day (equivalent to 12.775% p.a.)
Margin Re-Pledge ₹0

Brokerage charges & Fees

Brokerage Plan Standard
Equity Delivery Charges ₹0
Equity Intraday Charges ₹20 or 0.03% per executed order, whichever is lower
Equity Futures charges ₹20 or 0.03% per executed order, whichever is lower
Equity Options charges Flat ₹20 per executed order
Currency Futures charges ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Currency Options charges Flat ₹20 per executed order
Commodity Futures charges ₹20 per executed order or 0.03% of the transaction value, whichever is lower
Commodity Options charges ₹20 per executed order

Customer services offered

Demat Services ✅Yes
Trading Services ✅Yes
Intraday Services ✅Yes
F&O Services ✅Yes
IPO Services ✅Yes
Share Pledging ✅Yes
NRI Services ✅Yes
Referral Program ✅Yes

Customer Support

Call Support 080 47181888
Email Support [email protected] (10AM - 5PM)
Whatsapp Support ⛔No
Website Support ✅Yes, create ticket

Leverage (Margin) Offered

Equity Delivery Margin Leverage No leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage Upto 5x depending on the stock (lower leverage for volatile stocks)
Equity F&O Intraday Margin Leverage No leverage available; requires full margin upfront
Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront
Currency F&O Margin Leverage No leverage available; requires full margin upfront
Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront
Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront

Unique Offerings

Free Account Opening ⛔No
Free Brokerage On Stock delivery, Mutual Funds and IPOs only
Free AMC ✅Yes
Free Equity Delivery ✅Yes
Free F&O Trading ⛔No
Free Intraday Trading ⛔No
Free Trading calls ⛔No
Happy Trading Hours ⛔No
Flexible Brokerage Plans ⛔No
Referral Offers ✅Yes
Margin Funding (MTF)/ Pledging ✅Yes
Brokerage Cashback ⛔No
Zero Brokerage for Loss Making Trades ⛔No
Relationship Manager ⛔No

Services Provided

Equity Delivery ✅Yes
Equity Intraday ✅Yes
Equity Futures ✅Yes
Equity Options ✅Yes
Currency Futures ✅Yes
Currency Options ✅Yes
Commodity Futures ✅Yes
Commodity Options ✅Yes
Foreign Stocks ⛔No
Mutual Funds ✅Yes
Banking ⛔No
Insurance ⛔No
Corporate Bonds ⛔No
Govt. Bonds ⛔No
Digital Gold ⛔No

Order Types

Market Order ✅Yes
Limit Order ✅Yes
Bracket Order ✅Yes
Cover Order ✅Yes
After Market Order (AMO) ✅Yes
Good Till Cancelled (GTC) ✅Yes
Buy Today Sell Tomorrow (BTST) ⛔No
Sell Today Buy Tomorrow (STBT) ⛔No

Research & Reports

Annual Reports ✅Yes, powered by Tickertape
Company Reports ✅Yes, powered by Tickertape
Research Reports ✅Yes, powered by Tickertape
Fundamental Reports ✅Yes, powered by Tickertape
IPO Reports ✅Yes
Technical Reports ✅Yes, powered by Streak
Stock tips ⛔No
Daily Market Review ⛔No
Monthly Review ⛔No
Weekly Review ⛔No
Robo Advisory ⛔No

STT & CTT Charges

Equity Delivery STT & CTT 0.1% on buy & sell
Equity Intraday STT & CTT 0.025% on the sell side
Equity Futures STT & CTT 0.0125% on the sell side
Equity Options STT & CTT 0.0625% on sell side (on premium)
Currency Futures STT & CTT No STT
Currency Options STT & CTT No STT
Commodity Futures STT & CTT 0.01% on sell side (Non-Agri)
Commodity Options STT & CTT 0.05% on sell side

Trading Features

Watchlist ✅Yes
Real Time Updates ✅Yes
Portfolio Details ✅Yes
Price Alert ✅Yes
Online Mutual Fund Buy ✅Yes
Global indices ⛔No
Customized Recommendations ⛔No
Advanced charting ✅Yes
Live market ✅Yes
Multiple Profile Management ⛔No
Secure Platform ✅Yes

Trading Platforms

Android App ✅Yes
iOS App ✅Yes
Web Trading Platform ✅Yes
Trading Terminal ✅Yes
Algo Trading Platform ✅Yes
Foreign Stocks Trading Platform ⛔No
Basket Trading Platform ✅Yes
Mutual Fund Investment Platform ✅Yes
Digital Gold Investment Platform ⛔No
Bonds Investment Platform ⛔No

Transaction Charges

Equity Delivery Transaction Charges NSE: 0.00325% | BSE: 0.00375%
Equity Intraday Transaction Charges NSE: 0.00325% | BSE: 0.00375%
Equity Futures Transaction Charges NSE: 0.0019% | BSE: 0
Equity Options Transaction Charges NSE: 0.05% (on premium) | BSE: 0.005% (on premium)
Currency Futures Transaction Charges 0.0009%
Currency Options Transaction Charges NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001%
Commodity Futures Transaction Charges Exchange txn charge: 0.0026%
Commodity Options Transaction Charges Exchange txn charge: 0.05%

Stamp Duty charges

Equity Delivery Stamp Duty 0.015% or ₹1500 / crore on buy side
Equity Intraday Stamp Duty 0.003% or ₹300 / crore on buy side
Equity Futures Stamp Duty 0.002% or ₹200 / crore on buy side
Equity Options Stamp Duty 0.003% or ₹300 / crore on buy side
Currency Futures Stamp Duty 0.0001% or ₹10 / crore on buy side
Currency Options Stamp Duty 0.0001% or ₹10 / crore on buy side
Commodity Futures Stamp Duty 0.002% or ₹200 / crore on buy side
Commodity Options Stamp Duty 0.003% or ₹300 / crore on buy side

Other Charges

SEBI Turnover Charges ₹10 / crore
DP Charges ₹13.5 + GST per scrip (irrespective of quantity)
GST charges 18% of (Brokerage + Transaction charges + Demat)
Account Closure Charges Free
Reactivation Charges Free
Dematerialization Charges ₹150 per share certificate, ₹100 courier charges, + 18% GST
Call and Trade charges ₹50 per order

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