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Zerodha Broker

Rating: 2.3 / 5
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Zerodha is the largest and cheapest online broker offering commission-free investments, low-cost trades, and proprietary trading platforms that support API trading. Zerodha notes that 10M+ of Zerodha traders account for 15% of Indian retail order volumes. I decided to review this broker to determine if its low-cost trading environment suffices to offer Indian investors and traders a competitive edge. Should you trade with Zerodha?

Zerodha Broker Website Screenshot

Broker Details

Headquarters
India
Established
2010
Min Deposit
0
Execution
Market Maker
Regulators
SEBI

Trading Conditions

Retail Loss Rate
Undisclosed
Min Raw Spreads
Undisclosed
Min Standard Spreads
Undisclosed
Min Forex Commission
0.03% or ₹20 (whichever is lower)
Trading Hours
Currency PairsMonday 09:00 - Friday 17:00
CommoditiesMonday 09:00 - Friday 23:55
Crude OilMonday 09:00 - Friday 23:55
GoldMonday 09:00 - Friday 23:55
MetalsMonday 09:00 - Friday 23:55
Stocks (non-CFDs)Monday 09:00 - Friday 16:00
FuturesMonday 09:00 - Friday 17:00

Accounts & Funding

Funding Methods
4
Deposit Fees
No
Withdrawal Fee
Yes

Platform & Features

Trading Platforms
Proprietary platform, Web-based
Regulators Detailed
Securities and Exchange Board of India
Country: India
License: INZ000031633

Pros

  • Ultra-low trading fees and commission-free transactions for investors
  • Trusted broker with over one decade of experience and excellent transparency

Cons

  • Only Indian-listed stocks on NSE/BSE
  • No MT4 trading platform, algorithmic, or copy trading
  • Deposit fee, annual Demat account maintenance fee, and account opening fee

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