Zerodha Review 2026
India's largest discount broker — ₹0 equity delivery, flat ₹20 intraday/F&O and the clean, reliable Kite platform.
About Zerodha
Founded in 2010, Zerodha pioneered discount broking in India and is now the country's largest broker by active clients. It offers free equity-delivery investing and flat ₹20 intraday and F&O trading through its widely praised Kite platform, backed by Console reporting and the Coin mutual-fund app.
| Broker type | Discount Broker |
|---|---|
| SEBI Registration | INZ000031633 |
| NSE Member code | 13179 |
| Net worth | ₹13,000+ Cr |
| Year of incorporation | 2010 |
| Exchange membership | NSE · BSE · MCX |
| Account opening charge | ₹200 (Online) |
| Demat AMC | ₹300 |
Zerodha brokerage charges
| Segment | Brokerage |
|---|---|
| Equity Delivery | ₹0 (Free) |
| Equity Intraday | ₹20 or 0.03% (lower) |
| Equity Futures | ₹20 or 0.03% (lower) |
| Equity Options | ₹20 / order |
| Currency F&O | ₹20 or 0.03% (lower) |
| Commodity F&O | ₹20 or 0.03% (lower) |
Zerodha trading platforms
Kite Web + Mobile
Fast, minimal trading platform for equity, F&O and currency.
Console Web
Reporting and analytics dashboard for your portfolio and taxes.
Coin Mobile
Direct mutual funds with zero commission.
Zerodha pros & cons
Pros
- Free (₹0) equity delivery investing.
- Clean, fast and reliable Kite web & mobile platform.
- GTT (Good Till Triggered) orders and Coin for free direct mutual funds.
- Strong educational content through Varsity.
- India's largest retail broker — bootstrapped, profitable and debt-free.
- Transparent flat pricing with no hidden charges.
Cons
- No MTF / margin funding (pay-later) facility.
- No 3-in-1 account and no Bracket or Cover orders.
- No in-house stock research, tips or relationship manager.
- Support is largely ticket-based; no branch network.
- ₹200 account opening charge and ₹50 Call & Trade fee.
- Occasional load on the platform during high-volatility sessions.
Zerodha margin & leverage
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value | 1x |
| Equity Intraday | Up to 20% of trade value | Up to 5x |
| F&O (Eq/Curr/Comm) | 100% NRML (Span + Exposure) | 1x |
Zerodha ratings & reviews
How to open a Zerodha account
Sign up on Zerodha with your mobile and email.
Complete KYC with PAN, Aadhaar and bank details online.
E-sign the application with Aadhaar OTP.
Start trading on Kite once activated.
Zerodha complaints (exchange data)
Complaints filed against Zerodha at the exchanges, and the ratio per active client — a proxy for service quality.
| Exchange | FY | Clients | Complaints | Ratio |
|---|---|---|---|---|
| NSE | 2025-26 | 80,12,000 | 2,400 | 0.030% |
| NSE | 2024-25 | 78,50,000 | 2,950 | 0.038% |
| BSE | 2024-25 | 12,40,000 | 190 | 0.015% |
| NSE | 2023-24 | 64,00,000 | 2,600 | 0.041% |
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