Zerodha Guide – Read our In-Depth Zerodha Review
Zerodha Rating: 4.58 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
This Zerodha review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Zerodha review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You will get adept at all the concepts of broker as you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program will create hefty returns. Zerodha is just one such platform that will take you along with your investment to great heights. It's crucial that you understand about Zerodha until you trust them with your cash.
Zerodha Review – Quick Overview
Zerodha Telephone Number:
Zerodha Email Address:
Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Number Of Clients:
1,500,000+ Zerodha users and traders
Zerodha Facebook Likes:
Zerodha Twitter Followers:
Zerodha Instagram Followers:
Your capital is at risk
|Zerodha Telephone Number:|
|Zerodha Email Address:|
|Regulated By:||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange|
|Number Of Clients:||1,500,000+ Zerodha users and traders|
|Zerodha Facebook Likes:||0|
|Zerodha Twitter Followers:||0|
|Zerodha Instagram Followers:||0|
Your capital is at risk
Our full Zerodha Review covers everything you will need to know about trading with Zerodha. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you must carefully analyze your broker before you select them. It is a common misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
Zerodha is a broker which has found its way successfully to the broker world. In this review, we have attempted to collate a number of the vital aspects of Zerodha. This review can allow you to know whether Zerodha is a good fit for your own investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
Zerodha Review, Table Of Contents
- Who are Zerodha?
- Benefits Of Trading With Zerodha
- Everything you should know about trading with Zerodha
- Is Zerodha Safe To Trade With?
- Zerodha Risk Disclaimer
- Pro's & Con's Of Trading With Zerodha
- Compare Brokers Similar To Zerodha
- Regulation And Licencing In More Detail
- Zerodha Awards
- Minimum Deposit Required For A Live Account With Zerodha
- Zerodha Commission And Fees Explained
- Compare broker fees against Zerodha
- Zerodha Withdrawal Fees Explained
- Zerodha Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Zerodha?
- Alternatives To Zerodha
- Frequently Asked Questions About Zerodha
Who are Zerodha?
Zerodha is a foreign exchange broker headquartered in India and provides a variety of instruments for trading. Since its beginning in 2010, Zerodha has emerged as a top-tier player in the industry of online brokerage. Zerodha has a highly competitive and full-featured trading website that's focused on currency, indices, metals, stocks and commodities.
Over the past 11 years, Zerodha has grown into one of the leading online brokers.
After establishing in 2010, their client base is becoming as big as 1,500,000+ clients.
Zerodha is the favourite of many dealers because of its negative balance protection. Our Zerodha review found that they are an superb alternative for automated trading solutions. They're most appropriate for investors that are searching for a variety of assets. Social and automated trading solutions are the heart at Zerodha.
Technology plays a substantial role in Zerodha. Zerodha offers trading on Web Trader, Tablet & Mobile apps. Zerodha is fair, transparent, and a well-regulated agent by the Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource section at Zerodha is very insightful for new dealers as it permits them to get a closer look at the financial markets. Zerodha caters to all types of traders and are a must-have broker for almost any well-diversified method of online trading.
If you feel that Zerodha is not right for you then at the bottom of this Zerodha review you wil find a lot of alternatives to Zerodha.
What you ought to know about trading with Zerodha
Zerodha is a lively platform that offers various methods of trading online. These instruments cover the monetary markets substantially. Most of the brokerage platforms provide fewer approaches than Zerodha
If you want to trade with Zerodha, you will require a minimum deposit of $0. This deposit is compulsory if you would like to begin trading using Zerodha. This 2021 Zerodha review will direct you safely about trading with them.
Zerodha is as flexible as any other brokerage platform. Zerodha is excellent for traders that want a manageable selection of cheap services. The programs provided by Zerodha are third party, white-label offerings. All traders may choose out of Web Trader, Tablet & Mobile apps.
Along with everything, Zerodha has multiple benefits to new and verteran traders and should be investigated. There's no minimum time on which a transaction has to be kept available. The agents provide premium customer service which rewards clients with benefits.
Many unethical brokers try to pressurise users into larger financing for premium services. Zerodha, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will become available.
Zerodha accounts are available all over the world and provides quality service everywhere they have clients. There are only a select few countries where Zerodha accounts are not available. Traders in the following countries cannot open or use a Zerodha account:
BR, KR, IR, IQ, SY, JP, US
Is Zerodha Safe To Trade With?
Established in 2010, Zerodha has been open for 11 years, they are headquarted in India.
Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. These figures have rules that mandate that trading platforms have ploicies in place to keep investor's resources procured. This means that Zerodha users do not need to be worried about their money as it is segregated and safely kept in established banks. SSL encryption simplifies each user's private information as well.
You can make use of an option for 2 Factor Authentications (2FA) with Zerodha for heightened security. An SMS with the verification code will be sent to your mobile phone. You will be required to enter this code to log into your accounts.
Another concern with fiscal brokers with regards to security might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more prevalent in the example of Market Maker agents who compete with customers on the platform.
Zerodha Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Zerodha
Every online trading platform has some ups and downs, and no Zerodha review would be complete without showing both sides. This Zerodha review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- Zerodha is trusted by 1,500,000+ clients
- Zerodha offers Negative Balance Protection
- Zerodha has low minimum deposit requirements
- Zerodha doesn't charge withdrawal fees
- Zerodha doesn't charge inactivity fees
- Zerodha offer trading on Web Trader, Tablet & Mobile apps
- Zerodha offer 5000 trading instruments
- Zerodha offers trading on cryptocurrencies
- Zerodha can communicate in English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
- Zerodha does not offer Guaranteed Stop Loss
- Zerodha charge deposit fees
- Zerodha doesn't trade major forex pairs
- Zerodha doesn't trade minor forex pairs
- Zerodha doesn't trade exotic forex pairs
- Zerodha charge CFD fees
- Zerodha doesn't offer social trading
- Zerodha doesn't offer copy trading
- Zerodha doesn't offer trailing stop
Zerodha Review - Compare Brokers Similar To Zerodha
|Rating||4.58 / 10||1.01 / 10||6.3 / 10||6.85 / 10|
|Regulated By||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Unregulated||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F266||Vanuatu Financial Services Commission (VFSC)|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Foreign exchange trading carries a high degree of risk.|
Zerodha Review - Regulation And Licencing In More Detail
Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Zerodha, as a company, has a powerful set of rules for ensuring honest trading on its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, client information is never to be shared with some other institutions or individuals. This includes credit history and other financial information.
Zerodha Review - AwardsAt the time of writing this Zerodha review, and despite Zerodha’s impressive offering, the company has surprisingly not garnered any other awards to date.
Zerodha Trading Platforms
Zerodha are a trustworthy brokerage that has been operating for over 11 years. They offer a large range of options in their user accounts.
In the following table we take the main parts of any good online trading platform and compare Zerodha with Nadex, kawase, and AccentForex
Zerodha Review - Minimum Deposit Required
The minimum deposit that you need to get started on Zerodha is $0. This is a decent amount for those just beginning. It's possible to make more advanced deposits as you cooperate. However, make certain you understand how to make the most of your cash before investing in larger sums.
Zerodha Review - Commission And Fees Explained
Zerodha is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the amount of customers they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of fees for this objective.
The first kind of charges to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are spending a spread, funding speed, or even a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are those who are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, Zerodha does not charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees charged by Zerodha are relatively greater. Consequently, you are charged more for non-trading activities on your trading account, like withdrawal and deposits. These are not about the purchase and sale of resources.
This Zerodha review breaks down every one of the applicable non-trading fees for you in detail.
Compare broker fees against Zerodha
Zerodha Review - Withdrawal Fees ExplainedZerodha doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from your Zerodha account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin utilized. 1 thing to keep in mind is that you don't necessarily need to have any cash on your account.
Moreover, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent into the card. Zerodha will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're opting to draw in.
Zerodha Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind while open an account with Zerodha. An inactivity fee is an amount charged to registered traders who haven't participated in purchasing or selling for a while. The period regarded as inactive is determined by the broker.
The inactivity fee also differs from 1 agent to another and is not standardized. If a dealers account doesn't have a purchasing or selling transaction, it's claimed by the broker as an inactivity fee. The traders have to pay this fee under terms and conditions that they had consented while enrolling.
Zerodha doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges have been indicated by Zerodha, it is better for you to close the account if you're inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the broker beforehand.
Zerodha Review - Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be billed by the broker. Most agents don't charge too much money for this particular operation.
Zerodha charges a deposit fee for transferring money into your trading account.
Depositing money on the Zerodha trading platform is simple. You just need to complete a single-user profile survey to start depositing money into your trading account. You'll need to provide an identity proof and proof of residency to deposit substantial sums.
Zerodha Review - Compare Broker Deposit Methods
What Can You Trade With Zerodha?
Note: Zerodha provides many different trading instruments due to regulatory restrictions in some countries. Trading instruments offered can differ based on the country of residence of the client.
Zerodha has a wide variety of over 5000 instruments available for you to trade with.
If trading currency pairs is of interest to you then Zerodha offer over 0 forex pairs.
Compare Zerodha, Nadex, kawase & AccentForex below.
Reviewing The Zerodha Mobile App
Note: Zerodha's mobile app has many functions and is being constantly improved. The below information was correct at the time of compiling this Zerodha review.
Understand the capabilities of the mobile apps of Zerodha, Nadex, kawase & AccentForex below.
Alternatives To Zerodha
If, after reading this Zerodha review, they don't quite fulfill your requirements check out these Zerodha alternatives.
We've scoured the web to find the best alternatives to Zerodha. Click the links below to learn more.
Frequently Asked Questions about Zerodha
Can I try Zerodha before I buy?
Yes, you can most definitely try Zerodha before you buy. Zerodha provides demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account on Zerodha, you may set out using a decent amount of virtual currency. It is to establish a feeling of security and confidence in you before you choose to invest your own money.
With this digital Zerodhademo account, you are able to experiment in any way, to whatever length you desire. You might even open positions, examine different trading strategies, and more.
Zerodha specifies on its official site which you are able to trade real time stocks in a demo account.
Is Zerodha safe?
It is possible to drop all of your worries since we believe that Zerodha is completely safe to use. It is in compliance with the principles of Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Even so, Zerodha doesn't provide assured stop-loss protection.
Why does Zerodha ask for my passport?
The reason that Zerodha asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Zerodha has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Zerodha must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Zerodha?
The process to start trading withZerodha is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Zerodha website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Zerodha is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Zerodha.
The best way to kickstart your trading career with Zerodha is to open a demo account facility before risking any real money
What funding methods do Zerodha accept?
There are multiple methods to fund your accounts with Zerodha. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You must bear in mind that PayPal is not available in all place. The currencies Zerodha
Is my money safe with Zerodha?
Yes, your cash is safe and secure with Zerodha. As you already know, Zerodha works with proper conformation to. It's established plenty of measures to guard all its own investors.
Zerodha safeguards its customers' personal and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further safeguard your accounts, you can empower Two-Step Verification also. It requires an SMS confirmation that you access your account.
Is Zerodha trading good?
Yes, trading via Zerodha is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. In addition, you can even obtain access to a vast collection of educational resources and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform on your own.
Which Countries does Zerodha support?
Zerodha operates across the world. However, due to regulations there are some countries that Zerodha can't accept clients from BR, KR, IR, IQ, SY, JP, US
Is Zerodha legit?
Zerodha is a legit company headquarted in India since 2010. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange. Zerodha is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Zerodha a good broker?
Zerodha is an excellent agent, and its own users can vouch for this. The highlight of this platform is its fast order execution on transactions.
You will find the clean layout of the platform along with the commendable features a pleasure to work with.
Is Zerodha a trustworthy broker?
Yes, Zerodha is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 1,500,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Zerodha?
The minimum deposit to open a live account with Zerodha is $0
How long do Zerodha withdrawals take?
Normally, withdrawal of money from Zerodha is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Zerodha to show in your bank account.
Are Zerodha regulated?
Zerodha are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Is Zerodha a market leading broker?
Zerodha is indisputably among the business leaders. It supports over 1,500,000+ registered customers and over 11 years of expertise on its own record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide range of tools plus resources so you can invest in capital markets.
Is Zerodha a con?
No, Zerodha is not a con. They are regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange and must adhere to their rules. Thus, it is safe to say that Zerodha is not a scam.
Can you make money with Zerodha?
Using Zerodha, several traders earn a great deal of cash. However, typically, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem to be a little number, but over the entire year, this adds to a substantial amount of gains. Even though Zerodha provide you all the tools to earn money, they can't guarantee that you will gain.
Does Zerodha have fees?
Yes. To begin trading using Zerodha, you have to deposit $0. Certain commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.
When was Zerodha founded?
Zerodha was founded in 2010 in India. Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
How many people use Zerodha?
Zerodha is a globally recognised broker with 1,500,000+ customers.
Where is the Zerodha head office?
Zerodha has its head office in India
Does Zerodha offer negative balance protection?
Yes, Zerodha has Negative Balance Protection. It is especially offered when the industry volatility keeps customers from letting their accounts go into the red. In such a scenario, Zerodha provides the ability to reset a clients account balance to zero.
You are able to go through the important stipulations on Zerodha's site to understand their policies.
Does Zerodha offer guaranteed stop loss?Zerodha regrettably, doesn't offer guaranteed stop loss. Zerodha provides an opportunity for its dealers to close their trade in their given price. Apart from that, Zerodha doesn't provide guaranteed stop loss.
Does Zerodha allow scalping?Yes, Zerodha do permit scalping. Many traders across the world choose Zerodha due to their scalping services. They offer trading on Web Trader, Tablet & Mobile apps which allow this.
Does Zerodha allow hedging?
Yes, Zerodha does allow hedging.
Can you trade energies with Zerodha?
No, unfortunately you cannot trade energy stock with Zerodha
Can you trade agricultural shares with Zerodha?
No, unfortunately you cannot trade agricultural stock with Zerodha
Can you trade cryptocurrency with Zerodha?
Yes, you can trade cryptocurrency with Zerodha
Can you trade metals with Zerodha?
No, unfortunately you cannot trade metals with Zerodha
Can you trade UK Shares with Zerodha?
No, unfortunately you cannot trade UK shares with Zerodha
Can you trade US Shares with Zerodha?
Yes, you can trade US shares with Zerodha
Can you trade Japanese Shares with Zerodha?
No, unfortunately you cannot trade Japanese shares with Zerodha
Can you trade German Shares with Zerodha?
No, unfortunately you cannot trade German shares with Zerodha
Does Zerodha accept bank transfers?
Yes, Zerodha accepts bank transfers for depositing money.
Does Zerodha accept credit cards?
No, Zerodha does not accept credit cards.
Does Zerodha accept PayPal?
No, Zerodha does not accept PayPal.
Does Zerodha accept Skrill?
No, Zerodha does not accept Skrill.
Does Zerodha accept Payoneer?
No, Zerodha does not accept Payoneer.
Does Zerodha accept Neteller?
No, Zerodha does not accept Neteller.
Does Zerodha offer Live Chat customer support?
Yes, Zerodha offers customer support through live chat.
Does Zerodha offer phone customer support?
Yes, Zerodha offers customer support over the telephone.
Does Zerodha offer email customer support?
Yes, Zerodha offers customer support through email.
What languages can Zerodha communicate in?
Zerodha has the ability to communicate and support customers who speak: English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce
Does Zerodha have a wikipedia page?
No, Zerodha does not have an official wikipedia page.
Does Zerodha offer demo accounts?
Yes, Zerodha offers virtual portfolio accounts so you can learn their systems before risking any real capital. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of Zerodha's features before risking a live account.