Overall ZERODHA is considered low-risk with an overall rating of 8 out of 10. ZERODHA is authorized and regulated by the FCA and does not offer leverage on forex trading at this stage.
ZERODHA at a Glance
| 🔎 Broker's Name | ZERODHA |
| 📍 Headquartered | Bengaluru, Japan |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | Securities and Exchange Board of India |
| 🌐 Countries not accepted for trade | No countries outside of India |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | Not provided |
| 💰 Minimum Deposit | None |
| 💳 Deposit Options | UPI, Bank Wire transfers, IMPS/NEFT/RTGS transfer |
| 💳 Withdrawal Options | UPI, Bank Wire transfers, IMPS/NEFT/RTGS transfer |
| 💻 Platform Types | WebTrader |
| 📱 OS Compatibility | Mac, Microsoft Windows, Mobile, Web, iPhone |
| 📈 Tradable assets offered | Forex |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | English |
| 📆 Customer Service Hours | 8 hours, five days a week |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 0
Regulators
FCA, CySEC, ASIC
Trading Platform
WebTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ZERODHA Review – 21 key points quick overview:
ZERODHA Overview
According to research in South Africa, ZERODHA is an Indian-based online broker which was established in 2010.
The broker’s disruptive pricing models and in-house technology have made it the biggest stock broker in India in terms of active retail clients today.
As such, over 2+ million clients place millions of orders every day through the broker’s powerful ecosystem of investment platforms, contributing over 15% of all Indian retail trading volumes.
ZERODHA Safety and Security
The forex market is extremely volatile, linked as it is to fluctuations in global currencies which in turn are determined by various market movements and global events.
While this very volatility contributes to more enhanced and lucrative trades, particularly for regular traders, it also means that a certain level of security is required within the forex trading environment in order to ensure full profitability.
Most forex brokers aim to provide a certain level of security through some form of authorization under relevant regulatory bodies. The most recognized of these bodies include such organisations as the FCA, CySEC, and ASIC.
However, such regulation can also present certain restrictions, such as on the level of leverage that regulated brokers may offer.
While these restrictive measures are put in place in order to protect traders, some investors may seek out brokers with less regulatory restriction to benefit from concurrently enhanced trades – a risk that is ultimately taken at the trader’s own discretion.
Zerodha is a popular and fast-growing discount broker which is regulated by the highly reputable Securities and Exchange Board of India.
That said, the broker itself does not provide any independent investor protection or negative balance protection. On the negative side, it provides no investor protection and negative balance protection.
In other words, if the balance in a client’s account goes negative, there is no protection in place to cover these losses.
Min Deposit
USD 0
Regulators
FCA, CySEC, ASIC
Trading Platform
WebTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ZERODHA Leverage
Most brokers on the forex market today offer some form of leverage, which is essentially a small loan granted on behalf of the broker to their clients in order for them to make larger trades and increase their potential profits.
The entire forex and CFD industry to some extent relies upon the use of margin and leverage.
Leverage is the opportunity provided by a forex broker to open a speculative position worth a much larger amount of money than you have at your disposal. Leverage is expressed in ratios like 200:1, 100:1, 50:1, etc.
For example, if your online trading company blocks €1,000 from your trading account to open a 100,000 EUR/USD position, it means you are using a 100:1 leverage. Put in different words, you control €100,000 with only €1,000.
As such, leverage is a great way for smaller traders to potentially make larger returns than they would have been able to with the investments already at their disposal.
However, making larger speculations with borrowed money also carries a higher risk of significant losses, particularly for those intending on investing large sums of money.
It is for this reason that many regulators made the decision to cap the maximum leverage that brokers operating under their authority could offer so that most regulated brokers can now offer a maximum leverage of 1:30.
Zerodha does not appear to offer leverage on forex trading at this stage, though the broker does offer leverage on other instruments.
ZERODHA Accounts
The forex industry is arguably the largest financial market in the world today, and as such abounds with a wealth of different traders of all experience levels and trading styles.
In order to facilitate this varied base of client traders, most forex brokers provide a selection of different accounts which each cater to the specific needs of traders, and are often designed according to the experience level and investment styles.
Many of these accounts come with their own spreads and commissions also tailored to the requirements and the investment potential of specific traders.
Zerodha offers three account types, though it is important to note that residents outside of India cannot open an account with the broker at this stage. These accounts include the following:
📍Equity and Derivatives Account
📍 Equity Demat account
📍 Commodity Account – for commodity trading
Min Deposit
USD 0
Regulators
FCA, CySEC, ASIC
Trading Platform
WebTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ZERODHA Market Instruments
Zerodha provides trading with a wide range of asset classes, from stocks to futures. However, this product offer covers only the Indian market.
Stocks and ETFs
Zerodha gives access to two Indian stock exchanges, the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE).
Forex
At Zerodha, clients can trade with currencies in the form of futures. There are only a few currency pairs provided: EURINR, USDINR, JPYINR, and GBPINR.
ZERODHA Fees
Different forex brokers will offer different fee structures based on how they make a profit and on the type of traders that they target, or cater to.
Most forex brokers make a profit on the commission, the spread, or both, and some offer more competitive structures, while others charge higher commissions in return for more lucrative trading options.
Traders will ultimately have to choose a broker whose fee structure best suits their trading style, the investment they have at their disposal, and their trading strategy.
Zerodha trading fees are low. For equity delivery, the broker does not charge any commission. You can find very transparent fee information on Zerodha’s website, which comes with an easy-to-use fee calculator.
The broker also charges no inactivity fee or withdrawal fee, but there is an account fee.
The account fee is INR 300 + 18% tax per year for Demat accounts and INR 1,000 + 18% tax per year for corporate accounts. If you open a commodity account, you will be charged INR 100 + 18% tax per year.
ZERODHA Deposit and Withdrawal
Traders often examine a broker’s deposit and withdrawal options in order to determine how the associated rates charged by the broker might affect their profitability over the long term.
Traders also often seek out brokers who provide a wide range of deposit and withdrawal options in order to make for a more streamlined and cost-effective process.
As a broker that only operates in India, accounts with Zerodha can only be funded with Indian Rupees.
Deposits and withdrawals can only be done through bank wire or a Unified Payment Interface (UPI), an instant payment system. The broker does not charge for deposits or withdrawals.
ZERODHA Trading Platforms
Zerodha offers one type of proprietary WebTrader platform, which is user-friendly though basic compared to more advanced options such as MetaTrader 4. Due to the broker’s immense popularity in India, this platform is often subject to outages.
How to open a ZERODHA account step by step
Opening an account with Zerodha is not a fully digital process, and consists of the following seven steps:
Step 1 – Open Your Account
Visit the Zerodha website, Click on “Sign up now” in the middle bottom of the website
Step 2 – Fill out the form
- Enter your PAN number (Permanent Account Number)
- Pay the account opening fee
- Link your identification details with the Online Government website (Digi Locker Facility) and the website automatically pulls the required online documents.
- Upload your bank statements.
- Sign your documents digitally and then provide a Webcam IPV (In-Person verification)
- Finally, mail the required documents to Zerodha
The following documents are needed for the account opening:
- Photograph
- Aadhar Card (which can be taken from the Digilocker online website)
- Pan card
- Bank Statements (issued within the last 6 months)
- e-Sign
Min Deposit
USD 0
Regulators
FCA, CySEC, ASIC
Trading Platform
WebTrader
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
ZERODHA Customer Support
Zerodha offers decent customer support through the option of various direct telephone or email contact. While the support team is professional and prompt, the broker does not provide a live chat option.
ZERODHA Education
Zerodha offers an impressive range of educational resources for newbie traders, which include articles, webinars, and educational videos.
However, the broker does not offer a free demo account for a new trader to practice forex trading in a simulated environment.
ZERODHA Research
Zerodha also offers a range of research tools through its proprietary WebTrader platform, which includes trading ideas, fundamental data, charting tools, and a news feed.
ZERODHA Awards
Often, the level and number of awards that a broker has received is a strong indication of their standing within the industry, though some brokers do not participate in awards schemes.
While Zerodha is an immensely popular broker with a range of positive customer feedback, the broker has not listed any awards on its website to date.
ZERODHA vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇ZERODHA | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | None | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | Not provided | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
ZERODHA Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “ZERODHA” is entered into Google’s search engine over a given period of time.
ZERODHA Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 India | 95.89 |
| 🥈 United Arab Emirates | 0.75% |
| 🥉 United States | 0.73% |
| 🥈 Singapore | 0.49% |
| 🥇 Australia | 0.26% |
ZERODHA Customer Reviews
good trading platform
It’s a good platform for online trading. I tried it recently and found it very user-friendly.
It’s a good place to trade?
It’s a good place to trade. I feel they should simplify it though for beginners like me and then I will change it to 5 stars 🙂
How much can a broker give for such a low?
How much can a broker give for such low prices? But yeah they are a good broker, not perfect but good.
ZERODHA Pros and Cons
| ✔️ Pros | ❌ Cons |
| 1. Competitive fees | 1. Not available to residents outside of India |
| 2. Wide range of assets | 2. No leverage offered on Forex |
| 3. Wide range of research tools |
Conclusion
Overall, ZERODHA is a trustworthy and reliable broker that provides traders with ample digital tools. ZERODHA offers one type of proprietary WebTrader platform. ZERODHA is a popular and fast-growing discount broker which is regulated by the highly reputable Securities and Exchange Board of India.
Disclaimer
Risk Warning: The Company also offers CFD products which are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with GCI Trading.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors.
Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.
CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.
Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks, according to research done in South Africa.
ZERODHA Risk Management
Zerodha is an Indian stockbroking company offering trading and investment services. The company’s risk management strategies aim to minimize losses and protect profits for its clients. This can include:
- Position sizing – limiting the size of individual trades to reduce exposure to market risk.
- Stop losses – automatically selling a position if it reaches a certain price level to limit losses.
- Portfolio diversification – spreading investments across different assets to reduce the impact of any single market movement.
- Hedging – using derivative instruments to offset the risk of price movements in underlying assets.
- Regular portfolio rebalancing – realigning the portfolio to target allocations and reducing the impact of market fluctuations.
Note: Before investing, it is important to carefully consider your investment objectives, risk tolerance, and any fees and charges involved.
Frequently Asked Questions
TRADING ENVIRONMENT
How many instruments can I trade with Zerodha?
Zerodha provides trading with a wide range of asset classes, from stocks to futures. However, this product offer covers only the Indian market.
Which platforms are supported by Zerodha?
Zerodha provides its own proprietary WebTrader platform for PC and mobile apps.
Does Zerodha offer leverage?
No
Does Zerodha charge a commission?
No
What is the overall rating out of 10 for Zerodha?
8/10
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