Yes, Zerodha is a reliable stockbroker. It has been in business since 2010 and has over 15 lakh active clients located across India. The company is registered with SEBI, CDSL, and major stock exchanges in India. It has a low operation cost as it offers online trading facilities only.
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds.
No, Zerodha does not have a sub-broker model. This Broker is a discount broker, which means they are only available online via online trading channels.
Category: Sticky, Updates-Latest at Zerodha, Zerodha? Traders, We are now the largest brokerage firm in India, both by the number of active clients and the trading turnover on the exchanges.
Zerodha is the biggest stockbroker in India and is considered to be the safest stock broker in India. It is trusted by over +9 million clients on NSE & BSE, and contributes to over 15% of all retail order volumes in India daily by trading and investing.
Nithin Kamath
Nithin bootstrapped and founded Zerodha 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 broking industry.
Upstox offers priority brokerage plan (at Rs 30 per trade) which has up to 25x leverage on Intraday, Futures & Options. Zerodha has one simple plan for all customers. Zerodha has much stronger focus and investment in technology which results in a better trading platform, trading tools and customer support.
Membership fees of around 20 lks for all exchanges combined. If you want to offer equity and commodity trading, you need to have your own platform, around 50lks more for that to begin with along with the back office. So around 2.4 Crores in refundable deposits and cost of around 60 to 70 lks.
5. Does Zerodha have annual charges? Yes, Zerodha charge Rs 300 per year Demat Account AMC (Annual maintenance charges) fees. This fee is charged quarterly (i.e. Rs 75 every quarter).
Stocks are kept under the control of Indian depositories viz. CDSL, NSDL. Even if Zerodha goes out of business, your demat account and the shares inside it will be untouched.
Zerodha does volume business with a highly scale-able online trading platform. This makes it possible for Zerodha to offer trading at an ultra-low-cost. Zerodha doesn't have branch offices, doesn't spend money on advertising campaigns and doesn't offer services like research and advisory.
Zerodha, being a Trading Member of NSE and BSE, registered with Securities & Exchange Board of India ("SEBI") and having Registration No. INZ000031633 for Cash/Derivatives/Currency Derivatives segments of NSE & BSE. Commodity trading on your account will be enabled through Zerodha Commodities Pvt.
Sebi rules state that brokers must segregate clients's funds from their own. "When a broker opens a bank account where s/he intends to keep clients's money, even the title of the account has to indicate that it is a broker-client account," says Venu Madhav, chief operating officer, Zerodha.
Zerodha has an official partnership with IDFC First Bank specifically for seamless trading. Also, IDFC First Bank currently gives the best interest rate on savings account balance (7%).
Angel Broking provides a broad range of services. Angel Broking provides research, trading ideas, and recommendations, while Zerodha is an online discount broker. Zerodha does not have its own research department. The demat AMC at Angel Broking is Rs 240.
You cannot have multiple demat accounts or multiple trading accounts with the same Depository Participant (DP) or the same broker. Therefore, if you have a demat account or trading account with a DP or broker, you cannot open another account with them.
Zerodha is a privately held company. It is not listed in any stock exchange. However, it is a registered member of SEBI, NSE, BSE, MCX, NCDEX and CDSL.
Zerodha is India's largest stock broker. It is among the best and cheapest brokers in India. Zerodha offers discount stock and commodity trading at flat Rs 20 per executed order irrespective of the size of the order. The equity delivery trades and Mutual Fund investment are brokerage free.
Zerodha is an Indian financial services company (member of NSE, BSE, MCX) that offers brokerage-free equity investments, retail, institutional broking, currencies, and commodities trading. Founded in 2010, the company is headquartered in Bangalore and has a presence in nine Indian cities.