Active since 2010, Zerodha has been one of the newest as well as the largest stockbrokers on the basis of the base of total active clients. Zerodha Review 2020 talks about the emergence of the discount broker as an officially recognized pioneer broker by offering a perfect blend of conventional financial services and technology. This brought about a boost in India’s industry of conventional derivative and equity trading.
And, not to forget, the Zerodha Trading Platform offers one of the most competitive pricing models for trading across a range of instruments across exchanges. Nitin Kamath gained industry experience as a stock trader before launching this broking house whose operations began officially on August 15, 2010.
With its headquarters in Bangalore, Zerodha has grown into an iconic broking house with a user base of over 1.6 million clients. On top of this, the discount stockbroker’s contribution to India’s retail order volumes has grown to over 15%.
Since the stockbroker has been known for regular innovations and disruptions in the financial industry for a long time, go through this comprehensive Zerodha review to know more about the service provider and its products.
The answer is that it is the best industry trading tools and platforms and most importantly it is one of the cheapest brokers in India. Today, Bengaluru-based Zerodha has an active user base of 1.02 million clients who trade derivatives worth a total of Rs11,000 crore turnover every day, 12k crores in equity, 1k crores turnover daily in commodities and also offers 8% everyday retail trading volumes on all BSE, MCX, and NSE. Zerodha has done a great job of pushing the boundaries in the brokerage space. Old-school brokers are now having a difficult time keeping up with discount brokers like Zerodha.
Zerodha has been awarded:
- India’s Best Retail Brokerage for 2018 by NSE
- Retail Broker of the Year 2017 by Outlook Money
- Zerodha founder Nithin Kamath awarded Young Entrepreneur of the Year 2017 (Startup) by EY
- ET Startup Awards 2016
To trade with the best discount broker of India – Zerodha, Click Here.
Types of Accounts:
Equity Demat Account
A Demat Account is an account that allows investors to hold their shares in an electronic form. Dematerialization is the process of converting physical shares into electronic format. Furthermore, if you own shares with any other broker you can easily transfer them to zerodha.
The whole process of opening a Demat account with Zerodha is very easy as it can be done online in a few clicks.
Presently in India, we follow a T+2 rolling settlement cycle for Delivery based trading. What it means is that if you buy 100 shares of Reliance on Monday (T day as we call it) for delivery, the shares will come to your Demat Account only on T+2 day (Wednesday evening). Similarly, when you sell stocks from your Demat Account, you’d be able to withdraw the money (Sale credit) only on Wednesday (T+2 day), you can, however, use the credit on T day itself to make a fresh purchase of Equities.
Equity & Derivatives Trading Account
A trading account can be any investment account containing securities, cash or other holdings. Most commonly, a trading account refers to a day trader’s primary account. These investors tend to buy and sell assets frequently, often within the same trading session, and their accounts are subject to special regulation as a result.
With Zerodha, you can easily open a trading account with a few clicks at a minimal cost of Rs 200. Also remember, it is not possible to open a trading account in isolation if you are a day trader as zerodha forces you to open a Demat account as well.
All settlements on a Trading Account happen on T+1 day. So what it means is if today (T day) you make a profit of Rs. 10,000, you will be able to withdraw this profit only on T+1 day. You can, however, utilize the Rs.10,000 profit to take a fresh position on the same day (T Day).
A Commodity Trading Account is what you open with a Trading Member (Commodity Broker as you call him) of recognized Commodity Exchange (MCX, NCDEX etc. in India).
As the name suggests, this account is opened by traders who want to trade in commodities or hedge their risk using commodity derivatives namely commodity futures and commodity options.
All settlements are done on a T+1 basis, so if you make a profit you will get the money in your account the next day. Again, important to note that a commodity trading account cannot be opened in isolation.
Online Zerodha Trading Platforms
Zerodha currently offers customers access to these platforms: Zerodha Kite 3.0 (Online Trading Software), Zerodha Kite Mobile (Mobile-based for Android and iOS users), Zerodha Coin (Web-based platform for mutual funds investments) and Zerodha Coin Mobile (App based). Zerodha customers have access to all of these platforms regardless of account minimums or trade activity.
Zerodha’s Kite is a robust online trading software that offers its customers a modern, sleek, and innovative platform in addition to providing excellent usability making it very easy to trade across all markets. Kite is also a very good Zerodha trading platform for placing normal buying & selling orders, SL, SL-M, Bracket order, Cover order, Trailing stop-loss order & Aftermarket order. So basically kite covers all the order types that you need in your trading.
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