Zerodha Review| North Loop Official Blog
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14 Sep 2020

Zerodha Review

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About Zerodha -

Zerodha is one of the most technologically advanced stockbrokers in India. It uses its own trading software such as Zerodha Kite, Coin, Varsity and others to offer advanced online trading tools to people. It has over 1 million clients and contributes a significant percentage of daily retail trading volumes across NSE, BSE and MCX.

Zerodha is also known for its continuous improvements, innovations, low brokerage charges and ability to offer a transparent stockbroking platform. It is also the largest stockbroker by market volume and new customer acquisition.

Zerodha Account Opening Charges & AMC -

To open an account with Zerodha brokerage, you have to pay certain charges based on the kind of account you open. To open an Equity Trading Account on Zerodha brokerage, you have to pay a sum of Rs.200 and for opening a Commodity Account, the amount is Rs.100.

If you want to trade in both equity and commodity, the account opening charge is Rs.300. Trading in stocks can be done by opening a Demat and trading account, the annual maintenance charge of which is Rs.300 per year.

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Zerodha Products and Features –

Kite 3.0 (Web-based trading platform) - Zerodha Kite is a web-based trading platform that offers full market watch, extensive charting and covers millisecond order placements. Zerodha Kite was launched in 2015 and since then it has undergone several updates to become a ground-breaking innovation with features like online market data streaming, advanced charts along with a user-friendly interface.

Zerodha Kite provides bandwidth consumption of fewer than 0.5 Kbps for a full market watch and is free to use for all its customers. The minimalistic and responsive yet powerful interface of the web and mobile trading application has made Zerodha Kite an extremely popular product of Zerodha brokerage.

If you have opened an account with Zerodha, you can use your Zerodha Kite login ID and password to sign in and begin trading. If you forget your Zerodha Kite login password or face any other issue, you can contact the Zerodha customer care to resolve your problem. Zerodha's customer care service is quite good and readily accessible.

Kite Mobile – Kite Mobile is a smartphone application designed for Android and iOS and allows you to trade directly from your mobile phones. The Zerodha Kite mobile app is free to use if you are an existing Zerodha customer and have opened an account with it. It is one of the most advanced trading App available in the country that provides live streaming data from BSE, NSE, MCX and allows you to trade or monitor stocks and commodity markets in India. But the Zerodha product portfolio covers only the Indian market which means that you cannot invest in global stocks with its App. You can, however, sign up with a banking and investment service provider like North Loop to invest in the global stock market by signing up and opening your account online.

Coin Zerodha – The Coin Zerodha is a platform that allows you to buy mutual funds online directly from asset management companies. Since this platform is free, you can make investments on it without incurring any commissions. Coin Zerodha also provides you access to direct mutual funds in Demat form. This ensures that you get the benefit of having a single portfolio across equity, mutual funds, currency and others. The Coin Zerodha ultimately gives you an opportunity for commission-free direct mutual fund investment. The Coin Zerodha also offers a single capital gain and profit and loss statement for all your investments.

Zerodha Varsity – This is an educational platform created by Zerodha to spread a better understanding of investing and trading. It offers free modules on technical analysis, fundamental analysis, futures, options, risk management and other trading or investment-related topics. Zeroda Varsity provides in-depth coverage of the topics along with illustrations and bite-sized cards to help you to learn from anywhere. The Zerodha Varsity currently has 12 modules on various stock market investment topics. Interested in learning about investing? Check out the North Loop Academy.

What is Zerodha Margin?

On trading platforms buying on margin means purchasing securities with the money borrowed by a stockbroker. Similarly, the Zerodha margin allows you to trade even with limited funds. However, an important point you must note here is that the Zerodha margin is available only on Intraday trading which means that for delivery trades you cannot use the Zerodha margin and the total funds required for delivery trading must be present in your account.

How to open a Zerodha Account and use Zerodha Login details?

You can open an account with Zerodha by following a few steps. The first one is to create an account on Zerodha by entering your email address. After creating it, you get the Zerodha login ID and password. You can use this Zerodha login ID to sign in to your account and add your PAN number and other identification details.

Conclusion -

Zerodha has become a popular trading platform as it provides reliable and technologically advanced trading services along with high-quality research tools. You can open a North Loop bank account and link it with Zerodha to enjoy a premium stockbroking experience.

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.