For us, it took more than 1 month as we had to send multiple documents for approval. The account opening process is not fully digital and it took a long time for our account to be approved. On average, expect the account opening to take ~5 business days.
Commodity account - for commodity trading.
Demat & Trading account - for equity and currency trading.
The required Zerodha minimum deposit is $0. However, there is an INR 200 fee for opening a Trading & Demat account, and an INR 100 fee opening for a Commodity account. Zerodha non-trading feesĪt Zerodha, only Indian residents and non-resident Indians (NRI) can open an account. If you open a commodity account, you will be charged INR 100 + 18% tax per year. The account fee is INR 300 + 18% tax per year for Demat accounts and INR 1,000 + 18% tax per year for corporate accounts. Zerodha has low non-trading fees. While the broker charges no inactivity fee and withdrawal fee, there is an account fee. Zerodha benchmark fees for a $2,000 stock and $20,000 USDINR tradeġ8% of the brokerage and transaction chargesĠ.03% or Rs. Zerodha has super low stock and currency futures fees. The resulting catch-all benchmark includes spreads, commissions and financing costs for all brokers. For volume, we chose $2,000 for stocks and $20,000 for the currency trade. We compared the fees for an equity delivery trading for Reliance and a currency futures trade for USDINR. In both cases, a typical trade means buying a position, holding it for one week, then selling it. Given that Indian brokers usually offer only a few types of products, we compared the brokers by calculating all the fees of a typical trade for two assets. As other charges may apply, we have put together a table featuring catch-all costs. There is exceptionally transparent information on fees on Zerodha's website, supplemented by an easy-to-use fee calculator. Zerodha trading fees are low. For equity delivery, it doesn't charge any commission. To have a clear overview of Zerodha, let's start with trading fees. See a more detailed rundown of Zerodha alternatives. The selection is based on objective factors such as products offered, client profile, fee structure, etc. We also compared Zerodha's fees with those of two similar brokers we selected, Sharekhan and Interactive Brokers. For example, in the case of stock investing the most important fees are commissions. In the sections below, you will find the most relevant fees of Zerodha for each asset class.
Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
These can be commissions, spreads, financing rates and conversion fees. What you need to keep an eye on are trading fees and non-trading fees. To get things rolling, let's go over some lingo related to broker fees. We ranked Zerodha's fee levels as low, average or high based on how they compare to those of all reviewed brokers.
ZERODHA PI REVIEWS FREE
Low stock and ETF fees / Free stock trading.
Account opening and maintenance charges.
On the other hand, expect to be charged for the account opening and for account maintenance.