Groww
Beginner-friendly investing super-app
4.5/ 5
Best for: Beginners and mutual-fund investors who want one simple app for everything.
Zerodha review
India's largest stockbroker by client base
4.6/ 5App: 4.3/5
- Since 2010
- Delivery ₹0
- AMC ₹300/year
Open an account with ZerodhaSEBI-registered stockbroker | Member: NSE, BSE, MCX
Fees & pricing4.8
Trading platforms4.7
Customer support3.9
Research & education3.5
Ease of opening4.2
Reviewed by LetsInvest Research DeskUpdated 13 Sept 2026Pricing verified 13 Sept 2026How we test
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.
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
Watch out for
- ₹200 account opening fee
- ₹300/year AMC
- 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.
- ₹200Confirming
- Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
- ₹300/yearConfirming
Equity
- Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
- ₹0Confirming
- 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 orderConfirming
Derivatives (F&O)
- OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
- ₹20 per orderConfirming
- FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
- ₹20 per orderConfirming
Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.
Platforms & features
platforms
- Mobile app✓ · Kite (Android + iOS)
- Web platform✓ · Kite Web
trading
- Charting✓ · ChartIQ + TradingView
research
- Research & advisory—
support
- Customer support✓ · Ticket + call-and-trade
investing
- US stocks—
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
Start your application
Open the Zerodha signup with your mobile number and email — it takes about 10 minutes.
Complete e-KYC
Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).
E-sign documents
Digitally sign the account-opening form and nomination details via Aadhaar e-sign.
Get your client ID
Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.
Compare Zerodha
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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.
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 ₹200 and AMC is ₹300/year. Always confirm on the official pricing page — figures shown here carry a verification date.
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.
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.