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⭐ Zerodha Review 2026
India's largest stockbroker — honest review of charges, features, pros & cons
1.5 Cr+
Active Clients
#1
Largest Indian Broker
₹0
Account Opening Fee
4.5★
Our Rating
Zerodha is India's largest discount broker founded in 2010 by Nithin Kamath. It pioneered the flat ₹20/order model and disrupted the brokerage industry. With 1.5 crore+ active clients, the Kite trading platform, and Coin for mutual funds, Zerodha offers one of the most complete ecosystems for retail investors. For IPO applications via UPI/ASBA, it's among the fastest and most reliable.
💰 Zerodha Charges 2026
| Segment | Brokerage | Notes |
|---|---|---|
| Equity Delivery | ₹0 FREE | Zero brokerage for buying/holding stocks |
| Equity Intraday | ₹20 or 0.03% (whichever lower) | Per executed order |
| Equity F&O | ₹20 per executed order | Flat fee |
| Currency & Commodity | ₹20 per executed order | Flat fee |
| IPO Application | ₹0 FREE | Apply via Kite / Zerodha app, no charges |
| Mutual Funds (Coin) | ₹0 FREE | Direct plans only, no commission |
| Account Opening | ₹0 FREE | Fully online, instant KYC |
| Demat AMC | ₹300/year | Free for 1st year (from June 2026) |
| DP (Sell) Charges | ₹13.5 + GST per scrip per day | Charged when you sell from demat |
⚖️ Pros & Cons
✅ Pros
- Zero brokerage on equity delivery
- Free IPO applications via ASBA/UPI
- Kite — India's best trading platform
- Coin for direct mutual funds (zero commission)
- Varsity — free financial education platform
- Lowest cost for long-term investors
- Strong uptime and mobile app reliability
- SEBI regulated, fully compliant
❌ Cons
- No investment advisory services
- Limited research reports (no in-house research)
- Customer support can be slow during peak times
- No 3-in-1 account (requires separate bank)
- DP charges apply when selling stocks
- No commodity trading on MCX (only on Kite)
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