Zerodha Demat Account Review – Indias Biggest and No.1 Brokerage firm
WHY DO WE HAVE TO CHOOSE ZERODHA BROKERAGE FIRM FOR OUR REGULAR STOCK MARKET TRADING?
It’s been a decade I started to trade, I traded over many brokerage firms, finally, I accept and prefer ZERODHA as the best brokerage firm for trading in India, it is now india’s biggest brokerage firm. Here is my opinion. By the way, NSE announced Zerodha as India’s top trading firm with 8.47k Active traders in ZERODHA . Below is the report.
IN SHORT:
- Excellent Trading Platforms – Zerodha Kite, Pi, Coin, and Z-connect
- 2 Million clients Across India. 8% of daily retail trading volumes across NSE, BSE, MCX
- Flat ₹20 on all intra-day, F&O, currency, and commodity trades across NSE, BSE, MCX which are Lowest Among many Brokerage Firms
- Coin for absolutely free equity & direct mutual fund investments
- “Q-Backoffice” For Trade Challenges gets you to earn a Digital Winner Certificates.
- “Z-Connect” helps you be connected to global and Nationwide Information
- “Varsity” for a beginner it is probably the best educational blog for learning about trading
- “Bulletin” the simplest headlines run around you for updates on trade world
- “Trading Q&A” for all traders around India to be connected together and discuss if required
- “Pulse” It brings many more other News firms information form all over websites, blogs and newspapers to your fingertip, you don’t need to open multiple News apps or Blogs and search
- “Brokerage Calculator” helps you calculate your expenses before your trade itself
- “Holiday Calendar” section-wise holidays information available probably Industries Best!
- 900+ strong support team, best of best support and guidance
- Outlook Money “Retail broker of the year 2017″
- Ernst & Young “Entrepreneur of the year (Startup) 2017″
- Economic Times “Startup of the Year (Bootstrap) 2016”
IN DETAIL:
Mr. Nithin bootstrapped and founded ZERODHA discount brokerage firm in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, ZERODHA has changed the landscape of the Indian brooking industry and is my top choice ZERODHA.
I have been trading since 2008, in the last 10 years, I have bypassed many stock brokerage firms in India. I keep changing brokerage firms because of the amount of money flown to them as brokerage or Fees.
I came to know one day that Zerodha charges No Brokerage for delivery trading.
We generally come across many reviews and people who had compared in many parameters have accepted Zerodha discount brokerage firm as their best choice, even I accept the same, few highlighted features of this firm are listed below
Zerodha Discount Brokerage Firm HIGHLIGHTS:
BROKERAGE COMPARISION:
With many top Indian Brokerage Firms for 1 Lakh rupees, you end up paying 300Rs to 800Rs brokerages which is unacceptable. However, Zerodha discount brokerage firm Charges 20Rs even to 10 lakh worth transaction and as well no brokerages for delivery holding even for 10 years.
INTRADAY DELIVERY F&O CHARGES are 0.01%/20Rs Whichever Lower, Hence, Zerodha is Best Among many other Indian Brokerage Firms.
ZERODHA’S PLATFORMS DETAILS:
Designed with Advanced Technology By Most Experienced People of Trading
1. Zerodha Kite :
Zerodha Kite
Kite is an online web & mobile trading application used to watch live market quotes and to place orders, the kite is the simplest application developed by Zerodha discount brokerage firm, few actions you can perform in Kite are detailed below:
- Dashboard – Single view of funds, positions, holdings, P&L.
- Order Book – To view/Cancel/Modify pending orders.
- Trade Book – To view Completed/Executed Orders.
- Holdings – To view Shares holding in your Demat account.
- Positions – To view and track Currents day trade positions P&L and Overnight Equity F&O, Currency & Commodities existing positions P&L.
- Funds – To view Total Funds present in your trading account.
2. Zerodha Pi
Zerodha Pi
Zerodha PI is undoubtedly one of the most advanced trading software introduced to trade in the Indian stock market. Easy to download and install and provides Real-time data.
Advanced charting options which is very much useful for intraday traders. It provides charts of up to 50,000 candles. It has 10 different types of charts and more than 80 built-in indicators and more than 30 drawing tools.
Automated trading is possible with EA. One can build his own strategy and trade. Pi also has a backtesting feature. Backtesting of a strategy is a very useful tool to test any new or existing strategy. You can have intraday data of a year and historical data of five years.
The most interesting thing is that you can put an order directly from the chart window. The stock screener is also available to identify stock of specific criteria. You can scan the list of stocks in real-time and find stocks as per your criteria. pattern recognition feature is also available.
Up to 250 stocks can be included in the market watch. With real-time data, they also provide real-time news on the PI. You can also integrate other software like Amibroker, Metatrader or Ninja trader with PI. All these features make Zerodha Pi one of the best trading software for the Indian stock market.
3. Coin – Mutual Funds
Zerodha Coin
As a cautious investor, if you choose to invest in mutual funds, they have Coin which is a platform that lets you buy mutual funds online, completely commission-free, directly from asset management companies. If you have a plan to go for recurring investment, this is the best for you as this will earn you additional gain of 1% to 1.5% which in case of buying MFs from other agencies, the distributor earns an upfront commission of up to 1.5% on your investment and a trail commission of up to 1.5% every year for as long as you are invested in the fund.
4. Q/Backoffice
Q – Backoffice
Q is a back-office management platform of Zerodha where you can get reports such as – ledger balance value, account value, holding details, open positions, trade reports, P&L, tax P&L, etc. back office management platform also includes an option called 60 Days Challenge.
If you are able to earn even 1Rupee extra also they will issue a Digital Certificate on behalf of successful earning & Achievement.
5. Varsity
Zerodha Varsity
Varsity is an education initiative by Zerodha for its clients and all others free of cost. The first thing to keep in mind that Zerodha entered the stock market with an innovative discount broking model in 2010. They are a technology-based start-up who redefined the broking business in India. What do they differ from the existing?
The modules are:
- Introduction to the stock market (14 chapters)
- Technical analysis (20 chapters)
- Fundamental analysis (16 chapters)
- Future trading (12 chapters)
- Option theory for professional trading (23 chapters)
- Option strategies (13 chapters)
- Market and taxation (7 chapters)
- Currency and commodity futures (17 chapters)
- Risk management and trading psychology (16 chapters)
- Trading systems (1 chapter)
6. Q&A Zerodha
Zerodha Q&A
Q&A is a wonderful idea to unite the traders to help each other, here you can post any questions for the new Q&A Series, it may be about any company relevant question or related to your trading transaction, every question will be monitored to ensure the quality.
Most probably this is the only firm holding such a platform of connecting customer to customer, a new initiative in our quest to empower retail traders & investors with knowledge.
7. Small Case
Zerodha Smallcase
Zerodha smallcase is basically a partnership between Zerodha and Smallcase (a small start-up) that works together to provide thematic investment options for their clients. Users need to open a Demat account with the discount stockbroker and they can access thematic investment options through their portal.
Its an investment option for people who find it hard to perform fundamental analysis and are looking for accurate investment advisory.
8. Z-connect
Zerodha Connect
Z-connect is as it says Zerodha Connect, from here you can get any updates related to stock market updates, Zerodha relates news and updates, back-office announcements, offers, holidays, etc, Z-connect communicates about stock market activities.
You can see updates related to system maintenance of kite or any applications of Zerodha, latest version releases, upcoming Zerodha announcements, progress and progression reports and latest
Zerodha events too.
9. Pulse
Zerodha Pulse
Zerodha Pulse is a web portal created to accumulate news articles published by various media organizations, Pulse gathers information from all the leading news sources such as Moneycontrol, Economic Times, Reuters, Business Standard, The Hindu Business, CNBC TV, etc.
Pulse Simplifies effort of connecting media together and hunting news for current affairs, it means one portal with multiple portals knowledge at one place.
10. Brokerage Calculator
Brokerage Calculator
When you bought particular company stocks on an intraday Basis or on a delivery basis, Zerodha charges you some percentage of margin if you are trading it on intraday.
You can calculate it easily by using Zerodha‘s margin and brokerage calculator, you can see all type of taxes, net profit or loss, quantity everything. This helps you know your total profit V/S Loss details before your transaction itself. Knowing the brokerage you can keep targets of your Sale.
10. Streak
Zerodha Streak is one of the latest additions to the discount broker’s armoury of trading applications and tools. Although Streak is a separate entity, Zerodha (through Rainmatter) has invested an amount of INR2.25 Crores in it. Streak is basically an algo-based trading analysis and signaling tool that directly helps you to use algorithms in your trades.
All this is done without you doing any piece of coding or knowing how algo-trading works. It basically takes in some inputs around your trade and provides you specific information on your profit returns while you backtest your strategy. If you like it, you can choose to deploy the strategy and thus, input your order.
Investors today have it much better than they did just a decade ago. Trading costs and commissions flat brokerage 20 rupees are becoming smaller and smaller with each passing day. Below are standard trading commissions for stocks, ETFs, and mutual funds at Zerodha.
Zerodha has almost killed all brokerage firms Keeping Discount Brokerages Concept, people do trade in Zerodha and Earn and as well as they save a lot from earnings.
If you do a trade worth 1Lakh in Zerodha in equity then you will be charged 10Rs Brokerage. But I have seen other firms charging Max 800Rs. if you do a single transaction in Zerodha worth 10lakh then this transaction also costs 20Rs itself. Zerodha charge either 0.01% or 20Rs whichever Lower.
In F&O Zerodha charge 20Rs per transaction, let’s say you did 100 Transaction then your charges will be just 20X100=200Rs. But, some brokerage firms charge 36,000Rs. It is very much true. All you need to compare the brokerage firms and see it.
As a Senior in Industry trading from 10+ years, I recommend you all to use and migrate to Zerodha immediately, enough of wasting money to all other firms as Brokerage, STT, DP, Interests Etc in many aspects. Let’s switch to Zerodha and get 60 Days Challenge along with all the benefits of their efforts.
Now, it is easy to open an account in Zerodha with Aadhar Number, takes 5 minutes only. Signup now and Experience the Best of Trading!!
SO Many People ask on Charges of Zerodha. its just 300Rs per year which is maintenance charges only, it means 365Days/300Rs = 82paise per day.
Now, let’s migrate to Zerodha from any trading platform you might be trading with. Its time to upgrade yourself into Latest Technology and Discount Brokerage Firm. Prefer someone who always charges less and provide better quality service. Zerodha is now Top 3 among Indian trading Platforms.
To open any demat account online and step by step guidance click here