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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 13 Sept 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.

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 stocks
—
Trading API
✓ Yes

Platforms & features

research

  • Research & advisory—

trading

  • Charting✓ · ChartIQ + TradingView

platforms

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

investing

  • US stocks—

support

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

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.

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.

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.

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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.