TradFlakes

Zerodha

Discount broker
๐Ÿ‡ฎ๐Ÿ‡ณ India's Largest Stock BrokerKite Trading PlatformTrusted by Millions
โ˜…โ˜…โ˜…โ˜…โ˜…4.8Editorial rating
โ˜…Rate & reviewโ†’
92% would recommendRegulated & Verified
Min Deposit
โ‚น0
Max Leverage
Varies by segment
Regulation
SEBI
Overview

Zerodha is India's largest discount broker, serving millions of investors and traders with a transparent pricing model and a technology-first approach. Founded in 2010, the company pioneered discount broking in India by replacing percentage-based brokerage with flat pricing, making stock market investing more affordable.

Its flagship Kite platform provides fast order execution, advanced charting, multiple order types, and a clean trading experience across web and mobile devices. In addition to stocks, Zerodha supports ETFs, mutual funds, IPOs, futures, options, bonds, and sovereign gold bonds, making it a comprehensive investment platform.

For experienced traders, Zerodha offers powerful tools such as Kite Connect APIs, Console, Coin, Varsity, and access to TradingView and ChartIQ charts within Kite. Beginners also benefit from free educational resources through Varsity and a simple account opening process.

Overall, Zerodha is an excellent choice for both beginners and experienced traders looking for low brokerage, reliable technology, and a broad range of investment products in the Indian markets.

Key Features
โ‚น0 brokerage on equity delivery
Flat โ‚น20 brokerage on intraday & F&O
Kite web and mobile trading platform
TradingView & ChartIQ charts
Kite Connect APIs
Direct mutual funds through Coin
Console portfolio analytics
Varsity trading education
GTT orders
Instant online account opening
Pros & Cons
โ–ฒ Pros
+โ‚น0 brokerage on equity delivery.
+Industry-leading Kite trading platform.
+Supports TradingView charts.
+Powerful APIs for algorithmic trading.
+Extensive learning resources through Varsity.
+Transparent pricing with no hidden brokerage.
+Large ecosystem of third-party integrations.
โ–ผ Cons
โ€“No forex CFD or international market trading.
โ€“Call & Trade incurs additional charges.
โ€“No desktop terminal.
โ€“Margin limited by SEBI regulations.
Specifications
Choose an account type โ€” the full specification updates below
Account
Equity Delivery
Exchange Market Price
Account
Account TypeEquity Delivery
Min Depositโ‚น0
Trading Costs
Spread TypeExchange Market Price
Commission / Lot (RT)โ‚น0
Leverage & Instruments
Max LeverageVaries by segment
Tradable Instruments7,000+
Asset ClassesStocks, ETFs, Mutual Funds, IPOs, Futures, Options, Bonds, Sovereign Gold Bonds
Regulation & Safety
Regulated BySEBI
Segregated FundsYes
Neg. Balance ProtectionNo
Trading Permissions
PlatformsKite Web, Kite Android, Kite iOS
EA / Bots AllowedYes (via Kite Connect API)
Scalping AllowedYes
Hedging AllowedYes
Withdrawals
Withdrawal SpeedUsually within 1 business day
Payment MethodsUPI, Net Banking, IMPS, NEFT, RTGS
Offers & Promotions
No current offers.
Rules & Regulations
Account Eligibility
Minimum age: You must be 18 years or older to open an individual Zerodha account.
KYC requirement: A valid PAN, Aadhaar, mobile number, email address, and linked bank account are required for online account opening.
Account Opening
Account opening: Individual resident accounts can be opened completely online using paperless e-KYC.
Joint accounts: Not supported for online account opening.
NRI accounts: Supported through a separate NRI account opening process.
Trading Rules
Equity trading: Supported for both delivery and intraday.
Futures & Options (F&O): Available after activating the derivatives segment.
Commodity trading: Available after activating the MCX segment.
Currency derivatives: Supported after enabling the currency segment.
Order Types
Market orders: Supported.
Limit orders: Supported.
Stop-loss orders: Supported.
GTT (Good Till Triggered): Supported for eligible segments. GTT places a limit order only after the trigger price is reached and does not guarantee execution.
Bracket Orders (BO): Not supported.
Cover Orders (CO): Not supported.
Margin & Leverage
Margin: Available according to SEBI and exchange margin regulations.
Leverage: Varies by product and market segment; Zerodha does not offer fixed leverage like forex brokers.
Peak Margin Rules: Mandatory as per SEBI regulations.
API & Algorithmic Trading
API trading: Supported through Kite Connect API (paid service).
Algorithmic trading: Permitted using Kite Connect, subject to SEBI, exchange, and Zerodha policies.
Expert Advisors (EAs): Not supported since MetaTrader platforms are not available.
Funds & Withdrawals
Fund deposits: Supported via UPI, Net Banking, IMPS, NEFT, and RTGS.
Withdrawals: Generally processed within one business day, subject to settlement cycles.
Withdrawal destination: Funds can only be withdrawn to the registered bank account.
Charges
Account opening fee: Free for resident individual accounts.
Annual Maintenance Charges (AMC): Applicable for Demat accounts according to the account type (BSDA or non-BSDA).
Brokerage: Charged according to Zerodha's published pricing schedule.
Platform Rules
Call & Trade: Available, with applicable service charges.
Third-party platforms: Trading is conducted through Zerodha's ecosystem (Kite and supported integrations).
TradingView charts: Available within the Kite platform.
GTT Rules
Maximum active GTT orders: Subject to Zerodha's current platform limits.
Validity: Equity GTT orders remain valid for up to one year unless triggered, cancelled, or invalidated earlier. Derivative GTTs remain valid only until the contract expires.
Execution: A triggered GTT places a limit order on the exchange. Triggering the order does not guarantee execution if market conditions or available funds/holdings prevent it.
Reviews
TradFlakes Verdict4.8 / 5

Zerodha remains one of the strongest choices for Indian traders due to its transparent pricing, robust Kite platform, and extensive ecosystem of investing tools. It caters well to both beginners and experienced traders, especially those who value low brokerage and advanced charting. While it lacks international market access and MetaTrader support, its overall trading experience, reliability, and educational resources make it one of the best all-round discount brokers in India.

TradFlakes Editorial Team ยท Updated July 2026
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