Zerodha Review 2022: A Detailed Overview of the Brokerby madhav joshi Affilate markting expert
Zerodha, which was founded in 2010, is India's first and most renowned discount broker. The founder of this brokerage firm Nithin Kamath had previously worked as a stock trader.
In terms of total active clients, Zerodha is one of the leading stock brokers in India. The broker has been serving as a trading broker for more than a decade now.
The broker is committed to providing more current and timely information, best-in-class trading tools and platforms, as well as ongoing client support at low pricing.
Due to its innovative approach to serving registered retail clients throughout the globe, the business swiftly expanded to its full potential and became a favorite platform for traders in a short time.
Read our detailed InvestFW Review 2022 to know another good broker and Compare both.
Is Zerodha Scam or Legit?
Zerodha is a SEBI-regulated brokerage company with access to the BSE, NSE, and MCX markets for stock, commodities, and currency trading.
The broker operates a head office at 53/154, 4th Cross, Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bengaluru - 560078, Karnataka, India.
Furthermore, Zerodha is a member of the BSE, NSE, MCX, and NCDEX stock exchanges. Hence, all these points prove that the broker's operations are legitimate.
Zerodha Review 2022: Pros and Cons
While trading with Zerodha, there are several advantages that a trader can enjoy. The web and mobile trading interface of Zerodha are well-designed and simple to use. In addition, there are several high-quality research tools available.
However, the broker has some major drawbacks too. Take a look at all the pros and cons of using the Zerodha brokerage platform.
Well Regulated by SEBI
No Brokerage charge on delivery trades
Maximum brokerage capped at Rs. 20
Easy to use interface
Huge client base
Low trading cost
No investor protection
The account opening process may take 3-5 days
Charges account opening fees
Zerodha Review 2022: Types of Accounts Offered
The broker currently offers two types of accounts to both Indian residents and non-resident Indians (NRI): Demat & Trading Account and Commodity Account.
Zerodha offers a demat account to its clients around the world. The service is part of the company's 2-in-1 accounts, which provide customers access to both a trading and a demat account for smooth transactions.
Online access to stocks, mutual funds, and other financial instruments.
2-in-1 account allows for smooth trading and demat transactions.
Dividends are automatically deposited into the associated bank account.
Stock and mutual fund debit transaction fees are low.
The second account offered by Zerodha is the Commodity account which allows traders to trade in commodities. Here are a few key features of a Commodity account:
Wide range of commodity offerings
Good customer service
Low transaction fees
How to Open an Account with Zerodha?
The account opening process on Zerodha is quite challenging and takes approximately 3-5 days. The other drawback of the account opening process on Zerodha is that it is not fully digital.
Here's a step-by-step process of opening an account with Zerodha:
Step 1: First, enter your mobile number and other personal details such as your name and email address.
Step 2: Now, fill up your PAN number (Permanent Account Number)
Step 3: You'll have to pay account opening fees to proceed further
Step 4: Upload a copy of your bank statements.
Step 5: Sign your papers using a digital signature and a Webcam IPV (In-Person verification)
Step 6: Finally, provide the necessary documents to Zerodha via mail.
Required documents for account opening process:
Bank Statements (last 6 months)
Available Trading Platforms on Zerodha:
Zerodha's web and mobile trading platforms are incredibly user-friendly and have a simple, basic design. Through this detailed Zerodha Review, take a quick look at available platforms.
Zerodha Kite Trading Platform:
Zerodha's proprietary trading platform 'Kite' offers all accessible asset classes. Overall, Kite is well-designed and simple to operate trading platforms.
However, some features, such as portfolio reports and notifications, are not flaws of the platform and must be accessed through one of Zerodha's other sites.
Features of Kite Trading Platform:
Multiple chart view
Customer support in multiple languages
Floating order window
Order placement directly from charts
Zerodha Mobile Application:
Kite and Coin are two mobile trading platforms offered by Zerodha. You can trade with any accessible assets on Kite. In addition, there's another platform for trading with mutual funds - 'Coin.'
Both platforms are available for download on Google Play Store and AppStore. In addition, Zerodha offers a one-step login process.
You must provide your user name, password, and 6-digit pin to log in. Nonetheless, you may use biometric authentication to log in, which is a really useful feature.
Zerodha Review 2022: Customer Support
Zerodha offers good customer support to its clients via telephone and email. However, the broker lacks the feature of live chat.
The customer support is available in multiple languages from 9:00 AM to 5:00 PM from Monday to Saturday. So you'll get the most accurate answer every time. The estimated reply time for email support is 1-2 days.
Customer Care No: 080 47192020
Zerodha can be a good choice if you're looking for a discount broker that charges low transaction fees. In addition, the broker's user-friendly and advanced mobile and web trading platforms are quite a plus points.
On the negative side, the process of account opening is quite slow and not fully digital. However, the educational articles available on the website can help novice traders in understanding the financial markets. Best alternat zerodha Tp global fx Forex Broker
Created on Mar 17th 2022 04:35. Viewed 144 times.