Zerodha Kite Brokerage – Zerodha is India’s largest and most popular stock broker. It offers online flat fee discount brokerage services to invest and trade in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charge INR 0 brokerage for equity delivery trades. For intraday and F&O, it charges flat INR 20 or 0.03% (whichever is lower) per executed order. With Zerodha, the maximum brokerage you pay for any transaction is INR 20 for an order.
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Zerodha is the safest, most reliable & trustworthy broker in India. Zerodha ratio of complaints to active clients is among the least on the exchange. It is a zero-debt company. It doesn’t offer Margin Funding, doesn’t keep client securities in the pooled account and doesn’t do proprietary Trading. This makes it the least risky stock broker in India.
Incorporated in 2010; Zerodha is first and the leading stock broker in India by volume, the number of customers and growth. As of April 2020, Zerodha has 12+ lakh active clients. Zerodha contributes to over 15% of daily retail trading volumes across NSE, BSE and MCX.
Zerodha is the most technologically advanced stock broker in India. Zerodha has built its own trading software Zerodha Kite (web and mobile trading app), Coin (mutual fund investment platform), Varsity (investor education program), Trading Q&A and many other tools. Zerodha also offers Smallcase (thematic investment platform), Streak (algo & strategy platform), Sensibull (options trading platform) and GoldenPi.
Zerodha Kite Brokerage
Zerodha brokerage charges are simple and very easy to understand. Customer who moved to Zerodha from full-service brokers saves 80% to 90% in brokerage fees. Zerodha is suitable for all kinds of investors including active and passive investors, beginners, active traders and algo traders.
Zerodha Charge / Fee Structure: Zerodha Kite Brokerage
Securities Transaction Tax : This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
Stamp Duty: Charged as per the state of the client’s correspondence address.
Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
SEBI Charges: This is charged at INR 10 per Crore.
Other Charges (Zerodha Hidden Fees):
1. Call and Trade feature is available at an extra cost of INR 50 per call.
2. Additional charge of INR 50 per executed order for MIS/BO/CO positions which are not square off by the customer.
3. Digital Contract notes are sent via Email. Physical copies of contract notes can be ordered at additional charge of INR 20 per contract. Courier charges are extra.
4. Trade SMS alerts (optional) are charged at INR 1 for Equity, F&O, and Currency trade alerts and INR 0.50 for Commodity trade alerts.
5. Instant payment gateway charges for over 22 banks – INR 9 per fund transfer.
6. DP charges for delivery based equity selling – INR 8 per transaction.
7. Standard NSE charges, transaction charges and statutory levies are charged.
Zerodha Trading Software.
A customer can trade with Zerodha in following ways:
1. Kite 3.0 (Web-based Trading Platform)
Launched in November 2015, Zerodha Kite Web is a web-based HTML 5 lightweight & fast trading platform which can be used for trading on mobile, tablets as well as on a web browser. Kite is developed in-house by Zerodha and since its launch has undergone various updates. Currently, Kite 3.0 web platform is offered by Zerodha. It offers full market watch, extensive charting with over 100 indicators and 6 chart types, advanced order types like Brackets and cover, millisecond order placements, and much more for trading at BSE, NSE and MCX. Kite Web 3.0 is available for free to all its customers.
2. Kite Android / Kite iOS (Mobile Trading App)
A smartphone application for Android and iOS. This app allows customers to trade from their mobile phones. Kite Mobile app is available for free all its customer for trading & monitoring stocks and commodity markets in India. With live streaming data from BSE, NSE and MCX, Kite Mobile App is the most advanced trading app available in India.
3. Console (Reporting Dashboard)
Console is the back-office platform of Zerodha. It’s a trade and reporting dashboard wherein Zerodha customers can view and monitor all their investments- stocks, derivatives and mutual funds etc. They can also access various reports, get account statement, place withdrawal requests and download contract notes. The ‘Console’ also offers analytics tools such as tradebook and heatmap.
4. Zerodha Sentinel (Price Alert Tools)
Sentinel is a cloud-based tool which allows Zerodha customers to set up price alerts on stocks, futures and options. The unique feature of Sentinel is that unlike other similar price alert tools that are machine dependent and only trigger when the computer is on, here price alerts can be triggered for any time, even when the computer is off. Notifications are sent on Kite and e-mail every time a price alert is triggered. With Sentinel, a trader can set real-time price alerts on 80,000 stocks, derivatives and bonds etc., across exchanges.
5. Coin (Mutual Fund Investment)
Zerodha Coin is a Mutual Fund investment platform by Zerodha. Coin allows people to invest in Direct Mutual Funds. This means you could do commission-free direct MF investment. It offers savings of over 1.5% on commissions every year. Mutual Funds are deposited in Demat account linked with Zerodha trading account.
6.Call & Trade
Customers who are not online; can use Call & Trade service for an additional cost of INR 50 per trader.
Concluison : Over all conclusion is that Zerodha is well equipped in its Sofware support as well as services support. Thus Zerodha has maintained the Maximum No of active as compare to any other brokerage Firm.
Zerodha Kite Brokerage – Credit Goes to Saran Preet – For account opening Please click here
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