Nonetheless, here are some of the fees you need to consider before opening an account: Crucially, this broker sends all orders to exchanges so there are some small fees imposed by the exchanges as well as by regulators. Overall, we can say that Zerodha is pretty transparent in what fees and commission it charges. 20 per executed order or 0.03% (whichever is lower) With this in mind, there are trading fees you need to take into account so let’s take a close look at the fees and commissions that Zerodha charges.
This is mainly because the broker does not charge any fees for equity delivery investment and enables free trading of direct mutual funds. Zerodha is considered by many as a discount broker for investors that want to trade shares and commodities directly from exchanges in India. Commodity Trading Account – With this account type, you’ll be able to transfer funds and buy and sell commodity futures.Equity Demat Account – This is an account where you can keep stocks in electronic format and is the account type you will need to open if you wish to trade via the Zerodha Kite trading app.Equity & Derivatives Trading Account –This account type allows you to buy/sell stocks, futures, and options online or offline.Nonetheless, these are the account types offered by Zerodha: This is because a Demat account is mandatory in India for investors that want to keep stocks in electronic format. Overall, Zerodha offers a selection of three account types, however, in order to trade on its Kite mobile trading app, you will have to open a Demat account. Bonds and Government Securities – Indian Government Securities (G-Secs) and bonds.Direct Mutual Funds – Over 2000 direct mutual funds.FX Currency Derivatives – Futures on the most popular FX currency pairs.Futures and Options/Commodity Derivatives – Metals, oil, and agriculture commodities from MCX.On top of the huge range of stocks from the BSE and NSE, Zerodha also provides access to the following markets: Notably, Zerodha does not currently offer to trade on ETFs nor equities from the US and international markets. Additionally, this broker enables users to get access to IPOs from top Indian stock exchanges, meaning that any user can apply for new IPOs (Initial Public Offerings) from the broker’s Console feature. Zerodha offers a decent selection of over 5000 company stocks from the NSE and BSE stock market exchanges. What Stocks Can You Trade on the Zerodha Kite App? At the time of writing, Zerodha has over 4 million customers and the relatively new Indian brokerage firm has won several awards that include the Economic Times Start-Up of the year 2020, and NSE/MCX best retail brokerage award 2018, and 2019.
Zerodha is regulated by SEBI under the registration number INZ000031633 CDSL and is a member of both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). The Kite app is backed by Zerodha – One of India’s largest brokerage firms that was founded in 2010 and is headquartered in Bengaluru. The platform, which is also available on any desktop and mobile web browser, is considered by many as one of the fastest and powerful trading platforms, particularly as an Indian stock market app.
The Zerodha Kite App is a mobile trading platform available for Android and iOS operating systems.