Zerodha Review 2021: Is Zerodha Really Good?

Zerodha Review

In this Zerodha Review, the Zerodha app is reviewed and their features, trading options and more. This Review of Zerodha is written after using them for more than a year.

Trading in the Indian stock market has got easier than ever before since discount brokers such as Zerodha and others have entered the industry. 

It has earned a good name for itself with its brilliant contribution to the industry over the years. This review will walk you through the various important aspects of this amazing trading platform. You can get along with Zerodha Review and learn more about its features.

Zerodha Review Summary

Zerodha is so far the best online stock trading platform with lowest prices. They offer trading on futures and options, equity and mutual funds.

Let us get started with the Zerodha Review and know the advantage behind it.

Zerodha

Zerodha was started back in 2010 by Nithin Kamath to offer India more freedom by its discount broking model in India. The trading platform allows you to invest in stocks, derivatives, mutual funds, and more. Currently, it has over 3 million clients.

As far as the interface goes, it is exceptionally user-friendly and, at the same time, pretty advanced with multiple charting options, indicators, multiple time frames, and fundamental analysis tools.

Besides, it allows you to trade using its mobile app, which has an equally good interface. Further, it provides its users with a wide range of study materials to improve their knowledge about the stock market.

Features of Zerodha

1. Advanced Analysis 

Zerodha provides users with excellent technical analysis tools. As a trader, you can choose between multiple charts with some popular ones such as line charts, Heikin Ashi candlestick charts. 

Zerodha Kite

The multiple time frames make your trading more accurate, and if you are a day trader, you can make use of 1 minute or 5-minute time frames to keep up with every fluctuation in the price. 

Besides, you can have more accuracy by using the various advanced indicators such as Exponential Moving Average, Stochastics, RSI, ATR, MACD, and more. Apart from technical analysis, it also provides excellent fundamental analysis data to determine how reliable stock is for short-term or long-term investments.

2. Security

As far as security goes, it does a great job by offering the option for two-step authentication. Two-factor authentication means two layers of security protect your account. 

You can enable the two-factor authentication from the console in your account using an authenticator such as Google authenticator or Authy. Besides, you can always keep your password as strong as possible using alphanumeric strings along with special characters.

3. Zerodha Coin

Zerodha allows you to invest in Mutual Funds through Zerodha Coin. You can invest in mutual funds using the funds you have in your account.

Zerodha Coin

Using Coin, you can invest in Direct Mutual Funds, which means there is no commission involved. You can make savings of more than 1.5% per year by investing in mutual funds.

4. Placing orders

Zerodha allows you to place different types of orders as per your convenience, and the orders comprise the market, limit, stop-loss, bracket, cover, and after-market order (AMO).

5. Forex

Zerodha also allows you to trade in forex or foreign currencies. However, the platform offers you 4 currency pairs to trade on, and the currency pairs include EURINR, USDINR, JPYINR, GBPINR.

6. Call & Trade

If you are just starting and don’t have the confidence to trade on your own yet, you call, or if you are offline, you can still trade with the call and trade option in Zerodha for an extra cost of Rs 50 per trade.

7. Study Materials

Even if you have zero knowledge about the stock market, you can sign up and be a skillful trader in just about a month or two, going through the fundamentals of the stock market on Zerodha Varsity. 

So far, the platform has helped many to materialize their dreams of becoming successful traders in the stock market.

8. Support

Zerodha has an excellent customer support service in place, and every time you run into some issues or have any query, you can submit a ticket or call up their customer support number: 080 4718 1888. I have tried both and found it to be pretty fast and friendly.

Zerodha Opening Charges & Annual Maintenance Charges

Before you open a Zerodha account, you need to know the opening and AMC charges.

Zerodha Pricing

The charges for opening a Demat and trading account for equity are just Rs 200, and it’s always wise to have the commodity option added as well by paying an extra Rs 100. As far as the AMC charge goes, its charges go from Rs 300 annually.

Zerodha Brokerage Charges

Zerodha has zero charges on delivery trade. On Intraday, it charges a flat Rs. 20 or 0.03% per executed order (whichever is lower) on Equity stocks, Equity Futures & Options, Currency Futures & Options, Commodity Future and Options.

If you compare with the list of best Demat account in India for 2021, Zerodha charges the lowest price in the market.

Zerodha Account Opening Procedure

Opening an account with Zerodha is pretty simple, and you can do it either online or offline. You can open an account online in just 30 minutes. However, there are a few important things that you need to have by your side before you start the procedure online, and they are:

  1. PAN CARD
  2. Aadhar Card
  3. Passport size photo
  4. Canceled cheque 

You can start by getting to the Zerodha website and clicking on the signup button. Next, you can enter your mobile number and verify it using the OTP. After that, you will need to enter your PAN and bank account details alongside other personal details. 

Pros:

  • No charges on delivery trade
  • Rs 20 or 0.03% (whichever is lower) per executed order
  • Easy-to-use and advanced web-based app and mobile app
  • Not mandatory to maintain a minimum balance
  • Advanced technical and fundamental analysis tools

Cons:

  • The margin is comparatively lower than the other brokers
  • Sometimes it gets a bit glitchy while trading
  • An extra charge of Rs 50 on positions that are not squared off

You can also check my Upstox Review 2021 in case if you look for an alternative solution.

Zerodha Review – Do I Recommend Them?

I am sure you are pretty familiar with the several aspects of Zerodha after reading Zerodha Review. Zerodha is undoubtedly the most popular and reliable and best trading app in India 2021

If you plan to sign up with it, you have certainly taken the right decision since this platform offers a lot for every new trader to succeed; from study materials to advanced analysis tools. 

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