Zerodha Broker Review and Discussion

Due to discount brokring


Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent

I have opened an account in zarodha with 300 rupees 5 days ago. I have completed KYC. But I do not receive my login id and password yet. I opened it with the help of your customer supporter Miss Monika. But now her number is out of reachable. If you do not maintain discipline at your employees than pay back my money. Your all customer service number is worse.

Is there BTST and STBT in zerodha

You can do BTST (Buy Today and Sell Tomorrow) orders with Zerodha, There is potential risk attached with that in case there is settlement issue with your first delivery, you need to pay exchange penalty. But yes, its allowed by the broker.
One more point - when you do BTST trade, its considered as Delivery trade, so you don't have to pay any brokerage. So BTST orders are a free trade on Zerodha.
STBT (Sell Today and Buy Tomorrow) or short selling is not allowed in India Trading market, so Zerodha as a broker doesn't allow STBT. Short selling is allowed only for Intraday Trades.

I have opened an account in Zerodha with 500 rupees. Now a website Digilock is asking me to share some more documents. I am getting any Idea. Need advice.

Hi team zerodha
I am trying to signing in with other email id using same mobile number which was used to sign in some days ago. But not opening the link help me

I am facing problem from last one week. When i try to login its not working or when try to change the password it says your Pan no wrong or your email id wrong. And when try to call its customer service no its only switch off and busy or not reachable. This is the service of this company.

And today i got message from zerodha that my account debit or your payment withdrawl request has been processed.

You say if i am not able to login in my account then how could i withrawl money from it or make a request to you.

One of the worst service and i think every trader should aware from this that the their hard money is not safe in zerodha.

Hello Sir,

Have you created a ticket on Email, if not please send them an email. Its weekend so you will not get a response, but your ticket must be resolve on coming working day.
On your Payment withdrawal request, I am not sure, but every broker has to refund money from his account to client account as per SEBI''s guidelines.so that can be the case. A broker can keep only minimum amount and all excess money they have to return to the client...Not sure the reason but heard about this concept.

Would like to know more about Zerodha:
a) How to transfer from savings to demat
b) How to transfer from demat back to savings & time taken.
c) Should there be balance in the demat at the time of placing an order
d) Cost - Transaction, one time and periodic.
e) Any special benefits for senior citizens
f) Will there be a profit and loss statement including charges
g) Can we subscribe for IPO
h) What is the difference between mainline bank stock brokers and this in terms of security

Would like to know more about Zerodha:
a) How to transfer from savings to demat
If we understand your question correctly, you want to transfer fund from your saving bank account to trading account. You can use net banking, NEFT/RTGS/UPI payment mode, you can deposit cheque also but will take some time to get clear. Net banking fund transfer into your trading account is instance and you will get fund available in few minutes post transfer success.

b) How to transfer from demat back to savings & time taken.
So transfer money from your trading account to your bank account, you can request online from Zerodha trading/back office software, money will be de deposit in your primary bank account in 24 hrs except for bank holidays.

c) Should there be balance in the demat at the time of placing an order
Yes, to place an order you need to maintain margin amount in your trading account, for delivery trading you must have 100% fund available in your trading account.

d) Cost - Transaction, one time and periodic.
Trading cost is Max Rs 20 per trade, Delivery Trade is free - This is just a brokerage, you can see other regulatory charges in our brokerage calculator section.
Initial Charges - Rs 400
Yearly Charges - Rs 300 for Demat AMC

e) Any special benefits for senior citizens
No offer or benefit for senior citizens and minor.

f) Will, there be a profit and loss statement including charges
Yes, you can download profit and loss statements, charges are not included in P&L statement.

g) Can we subscribe for IPO
IPO need to subscribe via ASBA form your bank account, you can use Zerodha DP information, once you get an allotment, it will reflect in your Zerodha Holdings and you can sell the same using Zerodha Trading account.

h) What is the difference between mainline bank stock brokers and this in terms of security
All brokers work under tight guidelines of SEBI/NSE/BSE/MCX, they are as much secure as bank stockbrokers. The broker is just playing a role of middleman between you and exchange. So money landed by you in your trading account is always belongs to you, and you can withdraw at any time.

Hello
I already have a demat account with NSDL. if I decide to shift my trading activity to zerodha, do I have to get a new dmat account?

Yes, You need to open a new demat account with Zerodha and transfer your current holdings from NSDL to Zerodha Demat account. Zerodha was allowing external demat accounts, but due to data manageability issue, they have stopped the same.

Worst brokerage among all, no performance in mobile app or web site. Always orders rejected after buying or before buying, can''t sell sometimes due to technical glitches. We don''t care about charges if we are in profits. But what is the use of giving low brokerage when orders doesn''t execute most of the time. Mobile app and website also not up to the mark. Sharekhan is very very good. Per Lot transactions are almost same in Sharekhan and Zerodha when we buy single lot. Only useful when orders execute in multiple lots, but that doesn''t happened. On Sep 5, 2018 bought multiple lots and sold in loss due to their server issue, who will compensate my losses. Only transaction charges less, but other charges very high and research and no tips. My humble request is to please avoid trading in Zerodha if you like to buy only single lots and don''t use for Intraday trading.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

Hello Sir-
I don't agree with your comments. This can be an issue with your network. I am trading with Zerodha for almost 1 year and do 30 to 40 trade per day, never had an issue with the single order. Very strong platform and you will not get such facility with any other brokers. I know people will write negative comments but never write positive comments. So my personal suggestion, if you want to give advice to users, they always write a positive side. Go and write a positive comment for Sharekhan which you think is more reliable for you.

Agree With Kuldeep Sir, I also have a similar experience with Zerodha. Great trading platform and a great support team. Keep it up guys.

on 5th sep I also face same problem. I loss money because of there technical issue.

very poor customer service and account opening process as compare to others.........

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor