Zerodha review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Zerodha suits Indian investors who want low trading costs and a self service app, and less suited to anyone wanting adviser led hand holding. Equity delivery carries a stock trade fee of INR 0, the strongest showing in the broker group, while an account fee of INR 300 still applies.
Key facts
- Best for
- Self directed Indian investors who trade equities and mutual funds from an app.
- Stock trade fee
- ₹0↗
- Account fee
- ₹300↗
- Markets
- Bonds, ETFs, Funds, Futures, Options, Stocks↗
- Regulators
- Securities and Exchange Board of India (SEBI)↗
- Options contract fee
- ₹20↗
- Deposit and withdrawal fees
- Free withdrawals↗
- Platforms
- Coin, Console, Kite↗
- Legal entity
- Zerodha Broking Limited↗
- Founded
- 2010↗
- Features
- Demo account, Mobile app
- Pricing model
- Commission-free, Low fees
- Official website
- zerodha.com
Facts checked September 26, 2026, 6 sources
Pros and cons
Pros
- Equity delivery is commission free, with a stock trade fee of INR 0
- Three platforms cover different jobs: Kite, Console and Coin
- Withdrawals are free
- Regulated in India by the Securities and Exchange Board of India, licence INZ000031633
Cons
- An account fee of INR 300 applies on top of the low trading charge
- Derivatives trades are charged at INR 20 per contract, separate from the INR 0 delivery rate
- Support runs through a mobile app rather than a branch network, since the feature list shows a mobile app and a demo account
Who it suits
- Investors in India who place orders themselves and want low trading costs
- People who want a single app for stocks, funds and bonds, since the market list covers stocks, etfs, funds, bonds, futures and options
- Comfortable users willing to research before investing, given the self service platforms
Who should look elsewhere
- Investors who want a branch or adviser relationship, since the platforms are self service apps and web tools
- Anyone trading only in derivatives, where the charge is INR 20 rather than a commission free delivery rate
Safety of your money
Zerodha Broking Limited operates in India under the Securities and Exchange Board of India, licence INZ000031633. SEBI is the only regulator listed for the broker, so oversight sits with one national authority rather than a second scheme. The licence covers broking activity, and no deposit protection scheme is listed.
Where it sits among rivals
On delivery trades the broker sits at position 1 of 166 brands ranked on stock trade fee, which is the top of that list. The account fee ranking is weaker, at position 111 of 142 brands, so the low trading cost comes with a fee many rivals do not charge.
How Zerodha compares
9.1 vs 9.4
9.1 vs 8.7
9.1 vs 8.3
9.1 vs 8.5
9.1 vs 9.4
9.1 vs 9.3
9.1 vs 8.7
9.1 vs 9.2
9.1 vs 8.7
9.1 vs 8.6
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.0
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.2
9.1 vs 9.1
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.8
Where Zerodha is available
- Available
- India
- Licence in India
- Securities and Exchange Board of India (SEBI) (INZ000031633), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Zerodha charge to buy shares?+
Equity delivery carries a stock trade fee of INR 0, the lowest in the broker group. Options and futures are not included in that rate. Contract trades are charged at INR 20 instead, so the cost depends on which segment you use.
Is there a monthly or annual account fee?+
An account fee of INR 300 applies to the account, which is higher than the account fee many rivals charge. On account fee the broker ranks at position 111 of 142 brands. Trading costs sit at the other end of the table.
Who regulates Zerodha and what is the licence number?+
Zerodha Broking Limited is regulated in India by the Securities and Exchange Board of India. Its licence number is INZ000031633. SEBI is the sole listed regulator for the broker, and the licence covers broking rather than any deposit protection.
What markets can I trade on Zerodha?+
The listed markets are stocks, etfs, funds, bonds, futures and options, covering the main Indian asset classes. Mutual funds sit on the separate Coin platform. Crypto and forex are not part of the listed markets.
How much does it cost to withdraw money?+
Withdrawals are free, so moving cash out carries no charge. Costs instead come from the account fee of INR 300 and from the charge on derivatives trades. Budget for the account fee as a fixed cost regardless of how little you trade.
Which apps and platforms do I get?+
Three platforms are included: Kite for trading, Console for reports and Coin for mutual funds. A mobile app is listed among the features, so most activity can be done from a phone. A demo account is also listed, which lets you try the platform before committing money.
Is Zerodha suitable for a first time investor?+
It suits self directed investors willing to choose their own investments across stocks, funds and bonds. The demo account lets you learn the interface before trading. It does not suit anyone wanting an adviser to pick investments or talk through options.
What do retail investors usually lose at Zerodha?+
Across brokers, the typical share of retail accounts that lose money runs 72.03%. A commission free delivery trade does not change that, because most losses come from market moves rather than fees. Low charges are only a small part of managing risk.
Sources
- tradebrains.in/brokers/how-much-zerodha-charges-for-withd... checked September 26, 2026
Backs: Deposit and withdrawal fees
“there are no fees associated with withdrawing funds from your Zerodha trading account”
- chittorgarh.com/brokerage_charges/zerodha/18 checked September 26, 2026
Backs: Account fee
“Trading/Demat AMC Rs 300 per year (Rs 75 per quarter)”
- sebi.gov.in/sebiweb/other/OtherAction.do checked September 26, 2026
Backs: Legal entity, Regulators, Licences
“Name, ZERODHA BROKING LIMITED, Registration No., INZ000031633”
- zerodha.com checked September 26, 2026
Backs: Features, Markets, Platforms
“Try Kite demo - High quality apps that you use at your pace”
- zerodha.com/about checked September 26, 2026
Backs: Founded
“We kick-started operations on the 15th of August, 2010 - Nithin bootstrapped and founded Zerodha in 2010”
- zerodha.com/charges checked September 26, 2026
Backs: Pricing model, Options contract fee, Stock trade fee
“Flat Rs. 20 per executed order - F&O - Options”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Minimum deposit, Inactivity fee, Investor protection, Retail accounts that lose money.
Zerodha
Self directed Indian investors who trade equities and mutual funds from an app.