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Zerodha logoZerodha review

India's largest stockbroker by client base

4.6/ 5App: 4.3/5
  • Since 2010
  • Delivery ₹0
  • AMC ₹0 first year, then ₹300/year
Open an account with ZerodhaCompare Zerodha →SEBI-registered stockbroker | Member: NSE, BSE, MCX

Reviewed by LetsInvest Research DeskUpdated 19 Oct 2026Pricing verified 13 Sept 2026How we test

Fees & pricing4.8
Trading platforms4.7
Customer support3.9
Research & education3.5
Ease of opening4.2

Overview

Zerodha is a Bengaluru-based discount broker known for flat ₹20 intraday and F&O pricing, zero delivery brokerage, and the Kite trading platform. It also offers Coin for direct mutual funds. In October 2026 it opened a US stocks segment in beta on Kite: about 2,000 US-listed stocks and 1,000 ETFs, bought fractionally through a Global wallet via BSE India INX at GIFT City. In October 2026 it opened a US stocks segment in beta on Kite: about 2,000 US-listed stocks and 1,000 ETFs, bought fractionally through a Global wallet via BSE India INX at GIFT City. In October 2026 it opened a US stocks segment in beta on Kite: about 2,000 US-listed stocks and 1,000 ETFs, bought fractionally through a Global wallet via BSE India INX at GIFT City. In October 2026 it opened a US stocks segment in beta on Kite: about 2,000 US-listed stocks and 1,000 ETFs, bought fractionally through a Global wallet via BSE India INX at GIFT City.

Best for: Cost-conscious DIY investors who mainly buy-and-hold stocks or trade F&O occasionally.

Pros & cons

What we like

  • ₹0 equity delivery brokerage
  • Simple flat ₹20 intraday/F&O pricing
  • Mature Kite web + mobile platform
  • Strong Varsity investor-education library
  • Free account opening

Watch out for

  • ₹300/year AMC after free first year
  • No research-advisory for beginners
  • Support can be slow on volatile days

Fees & charges

Account charges

Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
₹0 (free)✓ Verified 13/9/2026Source: Zerodha charges page · Static-verified
Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
₹0 first year, then ₹300/year✓ Verified 13/9/2026Source: Zerodha charges page · Static-verified

Equity

Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
₹0✓ Verified 13/9/2026Source: Zerodha charges page · Static-verified
IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
₹20 or 0.03% per order✓ Verified 13/9/2026Source: Zerodha charges page · Static-verified

Derivatives (F&O)

OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
₹20 per order✓ Verified 13/9/2026Source: Zerodha charges page · Static-verified
FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
₹20 or 0.03% per order✓ Verified 13/9/2026Source: Zerodha charges page · Static-verified
Source & freshness
Source
Each broker's official pricing page (per-row source links above)
Timeliness
Static-verified
Verified
13/9/2026
Method
reported
Note
Re-checked against official pages; unverified rows show Confirming. Never a live tick.

Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.

What you can invest in

Stocks (delivery)
✓ Yes
Intraday
✓ Yes
Futures & options
✓ Yes
Mutual funds
✓ Yes
IPO
✓ Yes
US stocksBeta on Kite web: ~2,000 stocks, ~1,000 ETFs, fractional, 0.10% brokerage (max $10)
✓ Yes
Trading API
✓ Yes

Platforms & features

research

  • Research & advisory—

trading

  • Charting✓ · ChartIQ + TradingView

platforms

  • Mobile app✓ · Kite (Android + iOS)
  • Web platform✓ · Kite Web

support

  • Customer support✓ · Ticket + call-and-trade

investing

  • US stocks✓ · Beta on Kite web: ~2,000 stocks, ~1,000 ETFs, fractional, 0.10% brokerage (max $10)

Support & company

Customer support

Ticket + call-and-trade

Company facts

Founded
2010
Regulation
SEBI-registered stockbroker | Member: NSE, BSE, MCX
Our verdict
Zerodha remains the benchmark discount broker: unbeatable for delivery investors, transparent flat pricing for traders. Beginners wanting hand-holding may prefer a full-service app.

How to open a Zerodha account

  1. Start your application

    Open the Zerodha signup with your mobile number and email — it takes about 10 minutes.

  2. Complete e-KYC

    Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).

  3. E-sign documents

    Digitally sign the account-opening form and nomination details via Aadhaar e-sign.

  4. Get your client ID

    Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.

Start your Zerodha application

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Zerodha FAQs

Is Zerodha safe for large portfolios?

Yes. Zerodha is a SEBI-registered broker and a member of NSE, BSE and MCX. Client securities are held in your own demat account (CDSL/NSDL), not on Zerodha's balance sheet. Market risk remains yours — broker risk is minimal.

Does Zerodha offer US stocks?

Yes. Zerodha launched US stock investing in beta on Kite web in October 2026. Resident Indian individuals can buy about 2,000 US-listed stocks and 1,000 ETFs through the Global stocks segment using their existing account, with no separate demat account. NRIs, joint accounts, HUFs, companies and partnership firms are not eligible yet.

What are Zerodha's charges?

Equity delivery is ₹0. Intraday and F&O cost ₹20 or 0.03% per executed order, whichever is lower. Account opening is free and AMC is free the first year, then ₹300/year. Always confirm on the official pricing page — figures shown here carry a verification date.

What does Zerodha charge for US stocks?

Brokerage is 0.10% per order, with a minimum of $0.01 and a maximum of $10. Add 18% IGST on brokerage, a 0.005% IFSCA turnover fee, and on sales the SEC fee (0.00206%) and FINRA TAF (0.0195% of quantity, paused October to December). The bank also charges a 0.5-1.2% forex markup plus GST on conversion. Zerodha levies no account-opening fee or AMC for the US segment.

Is Zerodha good for beginners?

Zerodha is excellent on cost but assumes you can learn independently via Varsity. Absolute beginners who want maximum hand-holding often find Groww simpler to start with.

Can NRIs invest in US stocks through Zerodha?

No. The US stocks segment is open only to resident Indian individuals. NRIs, joint account holders, HUFs, companies, LLPs and partnership firms cannot activate it.

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Brokerage history

No price changes recorded since tracking began — current fees verified 13/9/2026. How monthly tracking works →

Affiliate disclosure: LetsInvest earns a commission if you open an account via links on this page — at no extra cost to you. Rankings are editorial and never sold. Read how we make money and our methodology.
How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.
Open an account with Zerodha

Official site — pricing varies by plan, verify before acting.