Score

1.56 /10
Danger

Zerodha

Suspicious Regulatory License

Global Business

High potential risk

AAA

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.35

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Zerodha Broking Ltd.

Company Abbreviation

Zerodha

Platform registered country and region

India

Company website

X

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2025-06-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Zerodha · Company summary
Zerodha Review Summary
Founded2010
Registered CountryIndia
RegulationNo regulation
Market InstrumentsStocks, Derivatives (F&O), Mutual Funds, ETFs, Bonds, IPOs
Demo Account
Trading PlatformKite, Console, Coin, Kite Connect API, Varsity Mobile
Minimum Deposit₹1
Customer SupportPhone: 080 4719 2020 / 080 7117 5337
Email (Emergency) : stoptrade@zerodha.com
Email (Media): press@zerodha.com
Address: Zerodha HQ: #153/154, 4th Cross, J.P. Nagar 4th Phase, Bengaluru - 560078

Zerodha Information

Founded in 2010, Indian brokerage company Zerodha provides inexpensive access to equities, F&O, ETFs, bonds, and mutual funds. It is not governed worldwide and offers no FX services. Retail investors like its platform ecosystem—Kite, Console, Coin—because of simple use and open pricing.

Zerodha Information

Pros and Cons

ProsCons
Zero brokerage on equity deliveryNo regulation
₹20 flat fee for intraday and F&O tradesNo Islamic (swap-free) account support
Demo accounts available

Is Zerodha Legit?

Zerodha has no licenses from major international authorities including the FCA, ASIC, or CySEC and is unregulated for forex trading in its registered country, India.

license

WHOIS data shows that zerodha.com was registered on February 17, 2010, updated on September 20, 2023, and expires in 2033. The domain is operational and protected, but not regulated.

domain

What Can I Trade on Zerodha?

Zerodha's all-inclusive online investing system lets users buy bonds, ETFs, mutual funds, stocks, derivatives, and more all from one interface.

Trading InstrumentsSupported
Stocks
Derivatives (Futures & Options)
Mutual Funds
ETFs
Bonds
IPOs
Forex
Commodities
Indices
Cryptocurrencies

Account Type

Real trading (demat) accounts from Zerodha suit different investor types. Since it's not a forex broker, it offers a fully working demo environment on platforms like Kite for strategy testing but no Islamic (swap-free) accounts. All account categories offer equity, F&O, mutual funds, and IPOs on a common platform with low fees.

Account TypeSuitable for
Individual AccountRetail investors and traders looking to invest/trade personally
HUF AccountHindu Undivided Families aiming for tax-efficient investing
NRI AccountNon-resident Indians investing in Indian markets (equity, MF)
Minor AccountGuardians investing for childrens financial future
Corporate / LLP / FirmBusinesses managing surplus and investments
Account Types

Zerodha Fees

With no brokerage on equity delivery and flat ₹20 or less per order for intraday and F&O transactions, Zerodha provides a fair fee structure. Its costs are cheap and very clear compared to industry standards, which makes it one of the most affordable brokers in India for aggressive traders as well as long-term investors.

Zerodha Trading Charges

SegmentBrokerageNotes
Equity Delivery₹0Absolutely free
Equity Intraday₹20 or 0.03% per executed order (lower of)Applies across equity, currency, and commodities
FuturesApplicable on equity/currency/commodity futures
OptionsFlat ₹20 per executed orderNo percentage-based fee
Mutual Funds₹0Direct MF investments, no commissions or DP charges

Other Key Trading-Related Fees

Fee TypeAmount
SEBI Charges₹10 per crore
GST18% on brokerage + SEBI + transaction charges
Transaction ChargesVaries by exchange and segment (e.g. 0.00375% for BSE equity delivery)
STT/CTTGovernment tax; varies by segment (e.g. 0.1% on buy/sell in equity delivery)
Stamp Duty0.015% on buy side for equity delivery, varies by segment
Call & Trade₹50 per order (placed through dealer)
Zerodha Fees

Non-Trading Fees

Fee TypeAmount
Account OpeningOnline: ₹0, NRI & Corporate: ₹500
Annual Maintenance (AMC)₹300/year + GST (free for BSDA accounts < ₹4 lakh holding)
DP Charges (on sell)₹15.34 per scrip (CDSL + Zerodha + GST)
Withdrawal Fee₹0
Inactivity Fee₹0
Payment Gateway (deposit)₹9 + GST (waived for UPI)
Margin Interest (MTF)0.04% per day
Pledging / Unpledging₹30 + GST per ISIN
Delayed Payment Charges18% annual or 0.05% per day
Corporate Action Order₹20 + GST per order (OFS, buyback, etc.)
Off-market Transfer₹25 per transaction

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
KiteWeb, Android, iOSActive traders seeking fast execution and charting
ConsoleWebInvestors needing reports, analytics, and account view
CoinWeb, Android, iOSMutual fund investors looking for zero-commission buys
Kite Connect APIWeb (API integration)Developers, fintech startups
Varsity MobileAndroid, iOSBeginners learning trading and investing
Trading Platform

Deposit and Withdrawal

Withdrawals are free and Zerodha charges no deposit fees. Though the suggested sum may change based on trading requirements and segment (equity, commodities, etc.), the minimum deposit is ₹1.

Deposit Options

Deposit MethodMinimum DepositDeposit FeesDeposit Time
UPI₹1₹0Instant
Payment Gateway₹9 + 18% GST
IMPS₹0 (bank charges may apply)Within 10 minutes
NEFT/RTGSWithin 2 hours
Cheque₹03–5 working days

Withdrawal Options

ChannelMinimum WithdrawalWithdrawal FeesWithdrawal Time
Via Console/KiteNo fixed minimum₹0Within 24–48 hrs depending on cut-off time
Deposit and Withdrawal

News

ExposureZerodha’s Hidden Risks: Why This Discount Broker May Cost You?

Zerodha is a discount broker that has been facing serious challenges with fraud, downtimes, and bad user experiences. There have also been technical glitches and wide-scale money scandals involving the platform, raising concerns about its operations and reliability.

WikiFX
2025-05-21 17:41
Zerodha’s Hidden Risks: Why This Discount Broker May Cost You?

NewsExplore the Unique features of Zerodha, BOI & HDFC Bank

Have you heard these names before? They are popular Indian firms. They offer services not just to India but also to other countries. You can begin your journey with any of these brokers, but before you begin, discover the unique features of them.

WikiFX
2025-05-21 17:35
Explore the Unique features of  Zerodha, BOI & HDFC Bank

ExposureUnfiltered Review of ZERODHA

Zerodha is an Indian financial service company, Founded in 2010, it is known for its discount pricing model and innovative use of technology.

WikiFX
2024-01-31 17:59
Unfiltered Review of ZERODHA

NewsTechnical Glitch in Zerodha’s System for the third time in three months

Zerodha, the discount brokerage firm, experienced technological difficulties but resolved the problem within an hour. This is the second time in a month that the firm has encountered similar technical difficulties.

WikiFX
2023-12-04 17:38
Technical Glitch in Zerodha’s System for the third time in three months

User Reviews

More

User comment

2

Comments

Write a review

sudhi1557
more than one year
I have been trading at Zerodha since 2015. I have not got any issue till now, Customer support is most important for a company, Zerodha provides the same very perfectly.
I have been trading at Zerodha since 2015. I have not got any issue till now, Customer support is most important for a company, Zerodha provides the same very perfectly.
Translate to English
2023-10-05 16:47
Reply
0
1
Jackson41809
more than one year
Are forex traders in India reliable? In fact, I tend to choose a local broker, so maybe I can join the Facebook group and discuss with everyone.
Are forex traders in India reliable? In fact, I tend to choose a local broker, so maybe I can join the Facebook group and discuss with everyone.
Translate to English
2022-12-12 12:19
Reply
0
0