Zerodha: Brokerage, Margin,charges, challenges
Zerodha’s offerings in brief:
- It Charges Rs 20 per executed order for trading in F&O, stocks, commodity, and currency.
- In equity delivery, It offers trading which is free of charge.
- It has put forward Less brokerage and low upfront fee with no contract charges.
- It supports desktop based, web-based and mobile based trading platform in India.
- For Demat account and nominee declaration, you will have to sign few forms and submit them via courier.
- It has emerged as a pioneer in offering NRI trading services.
- It has introduced its new multi-language, a low bandwidth web-based trading platform which is named as Zerodha KITE.
- Zerodha PI is the highly technical trading platform commenced by the firm.
- SPAN Calculator, Option Strategy, algoZ, Market Monitor are the advanced tools extended by Zerodha.
Challenges of Zerodha
Trader's experience shared
Depending upon some experience I got by
enquiring many brokers and Zerodha as
well. I would suggest to opt some other good broker over Zerodha. As recently
one of my friends has lost around 10 thousand rupees. He told me that the reason behind loss was the delay by
Zerodha to update transaction in my Zerodha account and also the software of
Zerodha Which suffered hung up problem. He still neglected the incident thinking
of some major technical issue. Again mistaken by trying through its mobile
trading app which crashed around 5 times while he wanted to purchase a bid. The
trouble at that time resulted in loss of 9%. That would have been 9 % gain if
the app would have worked properly. So while choosing keep in mind such issues
so as to save your valuable monetary assets. Earlier he read the similar issue
on internet but ignored as if Zerodha would have resolved the same. But that
was a false hope. Problems like this does not suit to a broker being in the
market for years now. People get to know only after suffering such losses.
To know about its trading platform and other services explore here: Zerodha Review
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