In this zerodha review the app is reviewed and their features trading options and more. This review of zerodha is writing after using them for more than a year.
Trading in the Indian stock market has got easier than ever before or since discount brokers such as their order and others have entered in the industry.
It has on 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 their review and learn more about its features.
Zerodha Review Summary
Zerodha issue for the best online stock trading platform with lowest prices. They offer trading on futures and options equity and mutual funds.
Lets get started with the Zerodha review and know the advantage behind it.
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 and derivatives and 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 advance with multiple charting options and, indicators and multiple timeframes 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 system.
Features of Zerodha Demat Account
1) Zerodha 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 candlesticks charts.
The multiple timeframes make your trading more accurate and if you are a day trader you can make use of 1 minute or 5 minute time frame 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 is it also provides excellent fundamental analysis data to determine how reliable stock is for short term or long term investment.
2) Zerodha Security Features
Frs security course ine does a great job by offering the option for two step authentication. Two factor authentication means two layer of security protect to your Zerodha account.
You can enable the two factor authentication from the console in your account using an on taking Authenticator such as Google Authenticator or Authy. Besides you can always keep your password as strong as possible using alphanumeric string along with special characters.
3) Zerodha Coin Features
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.
Using coin you can invest in direct Mutual Funds which means there is no commission involved. You can make saving of more than 1.5 % per year by investing in mutual funds.
4) Placing Orders From Zerodha
Zerodha allows you to place different types of Orders as per your convenience and orders comprise the market, limit, stop loss, bracket, cover and after market order (AMO).
5) Zerodha Forex Trading
Zerodha also allow you to trade in Forex or foreign currencies. However the platform offers you 4 currency pairs to trade on and currency pairs include EURINR, USDINR, JPYINR, GBPINR.
6) Zerodha Call And Trade
If you are just starting and don’t have the confidence to trade on your own need 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) Zerodha Study Material
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.
8) Zerodha 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 for call up their customer support number available in the app. I have tried both and found it to be pretty fast and friendly.
Zerodha Operating Charges & Annual Maintenance Charges
Before you open zerodha account you need to know the opening and AMC charges.
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 (which is lower) on Equity stocks, equity futures and options, currency futures and options, commodity future and options.
Zerodha Account Opening Procedure
Opening an account with zerodha is a 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 given below :-
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 sign up button. Next you can enter your mobile number and verify IT using the OTP. After that you will need to enter your PAN number and bank account details along side other personal details.
1) No charges on delivery trade
2) Rs 20 or 0.03% (whichever is lower) per executed order
3) Easy to use an advanced web based App and mobile app
4) Not mandatory to maintain a minimum balance
5) Advanced technical and fundamental analysis tools
1) The margin is comparatively lower than the other brokers
2) An extra charge of Rs 50 on positions that are not squared off
3) Sometimes it gets a bit glitchy while trading
If you have looked for zerodha alternative you can check also my Upstox Review