zerodha review

zerodha review

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hi friends

I am closing my sharekhan account and opening zerodha. anyone using it for trading and investment? also any referral?

42 Comments  |  
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Deal Subedar
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Ok for investment, avoid for trading. It dies too often during major days (budget days) etc when there is huge volume to be of any use trading.

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igen wrote:

Ok for investment, avoid for trading. It dies too often during major days (budget days) etc when there is huge volume to be of any use trading.

I need for both.

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Deal Cadet
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I am not a day trader and using Zerodha mainly for short/medium term trading.
I am happy with it. Its charts and user interface are really great and of course, 0% brokerage on delivery is the most attractive thing I went for it.

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Deal Captain
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zerodha is very good for retailer investor or trader. Go for it.

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igen wrote:

Ok for investment, avoid for trading. It dies too often during major days (budget days) etc when there is huge volume to be of any use trading.

True. That’s what happens on high volume days on Zerodha. Avoid if you are serious about trading.

For casual investor, it’s fine.

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Chikky wrote:

I am not a day trader and using Zerodha mainly for short/medium term trading.
I am happy with it. Its charts and user interface are really great and of course, 0% brokerage on delivery is the most attractive thing I went for it.

How about other charges like account opening and annual?

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Roushh wrote:

True. That’s what happens on high volume days on Zerodha. Avoid if you are serious about trading.

For casual investor, it’s fine.

Yes not a so serious trader. Mostly short term and some times day trades

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Chikky wrote:

I am not a day trader and using Zerodha mainly for short/medium term trading.
I am happy with it. Its charts and user interface are really great and of course, 0% brokerage on delivery is the most attractive thing I went for it.

You pay one way or another.

https://inc42.com/buzz/zerodha-system-outage-ca...

https://www.livemint.com/companies/start-ups/wi...

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Deal Cadet
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I am not happy with sharekhan because of the issue with my portfolio.i am getting wrong inputs about buy price etc and following up with them since last 4 months with no resolution. Fedup now

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carez wrote:

Yes not a so serious trader. Mostly short term and some times day trades

Day trading is serious trading.

Think about it. You placed a buy order and you know you have to sell it before market is closed. Now, you want to sell it but Zerodha dies all of sudden for whatever reason. You can’t sell and now you will possibly have to bear losses. That’s what happened a few times with Zerodha.

Read about it.

https://inc42.com/buzz/zerodha-system-outage-ca...
https://www.livemint.com/companies/start-ups/wi...

And search on Google.
https://www.google.com/search?hl=en&source=hp&q...

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Deal Cadet
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carez wrote:

How about other charges like account opening and annual?

Trading Account Opening Charges (One Time) ₹200
Trading Annual Maintenance Charges AMC (Yearly Fee) ₹0 (Free)
Demat Account Opening Charges (One Time) ₹100
Demat Account Annual Maintenance Charges AMC (Yearly Fee) ₹300

Segment Brokerage Fee
Equity Delivery ₹0 (Free)
Equity Intraday ₹20 per executed order or .01% whichever is lower
Equity Futures ₹20 per executed order or .01% whichever is lower
Equity Options ₹20 per executed order or .01% whichever is lower
Currency Futures ₹20 per executed order or .01% whichever is lower
Currency Options ₹20 per executed order or .01% whichever is lower
Commodity Futures ₹20 per executed order or .01% whichever is lower
Commodity Options ₹20 per executed order or .01% whichever is lower

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Deal Cadet
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Chikky wrote:

Trading Account Opening Charges (One Time) ₹200
Trading Annual Maintenance Charges AMC (Yearly Fee) ₹0 (Free)
Demat Account Opening Charges (One Time) ₹100
Demat Account Annual Maintenance Charges AMC (Yearly Fee) ₹300

Segment Brokerage Fee
Equity Delivery ₹0 (Free)
Equity Intraday ₹20 per executed order or .01% whichever is lower
Equity Futures ₹20 per executed order or .01% whichever is lower
Equity Options ₹20 per executed order or .01% whichever is lower
Currency Futures ₹20 per executed order or .01% whichever is lower
Currency Options ₹20 per executed order or .01% whichever is lower
Commodity Futures ₹20 per executed order or .01% whichever is lower
Commodity Options ₹20 per executed order or .01% whichever is lower

Thanks a lot

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Deal Newbie
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you can go for upstox or Astha trade or alice blue
i you are into selling futures or options then astha trade can be a good option

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Roushh wrote:

You pay one way or another.

https://inc42.com/buzz/zerodha-system-outage-ca...

https://www.livemint.com/companies/start-ups/wi...

Two bad incidents can’t make someone look bad.

https://www.moneylife.in/article/icicidirect-cu...

https://www.moneycontrol.com/news/business/trad...

You ll find horror stories one way or another. It’s part of the game.

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baaz4u2007 wrote:

which is best for intraday trading

Bhai are you new in Market? Le fatafat de fatafat game is not for newbies. Play with cash segment first. Take positional trades. Then think about intraday or FnO

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baaz4u2007 wrote:

which is best for intraday trading

Do you know about intraday trading? If yes then go with big reputed brokers e.g. ICICI direct, angel broking. Big smart fellas take paid subscription of Amibroker, not a demat account but a platform. In Amibroker you can write your own formulas, customise your indicators and back test them. If you are a newbie, a grab plain discount broker. Sharpen your skills first. And all the people who are saying that broker did that bad thing in that day, are absolutely aware of the volatility of stock market during those days. Proficient ones gonna use big tools.

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Deal Subedar
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bikidas2060 wrote:

Do you know about intraday trading? If yes then go with big reputed brokers e.g. ICICI direct, angel broking. Big smart fellas take paid subscription of Amibroker, not a demat account but a platform. In Amibroker you can write your own formulas, customise your indicators and back test them. If you are a newbie, a grab plain discount broker. Sharpen your skills first. And all the people who are saying that broker did that bad thing in that day, are absolutely aware of the volatility of stock market during those days. Proficient ones gonna use big tools.

You can use any partner but trading for good returns is not just in ur luck or intuition. This is just a myth. If u r a developer, better to create an application to analyse ur stock that u wish to invest in. Compile data graph, charts, patterns, acquisitions if any. Need to be good at statistics. If u r a data scientist then this trading is for u, any one can develop an app according to ur needs. Basics fundas needed. I myself use kyte and smallcase but i dont trust them completely when my funds are in. Recently, many investor’s lost in lakhs due to a server glitch and after filing cases against zerodha, it was rejected due to zerodhas T&C. So, never trust any trading partner.

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asoka wrote:

You can use any partner but trading for good returns is not just in ur luck or intuition. This is just a myth. If u r a developer, better to create an application to analyse ur stock that u wish to invest in. Compile data graph, charts, patterns, acquisitions if any. Need to be good at statistics. If u r a data scientist then this trading is for u, any one can develop an app according to ur needs. Basics fundas needed. I myself use kyte and smallcase but i dont trust them completely when my funds are in. Recently, many investor’s lost in lakhs due to a server glitch and after filing cases against zerodha, it was rejected due to zerodhas T&C. So, never trust any trading partner.

If you gonna trade, you gotta trust your partner. In between that buy n sell clicks you are at the mercy of the trading partner. Big traders choose expensive ticker system, charting solution for a reason.
Bhai how is your experience with smallcase? In my opinion any index ETF would be better. The stocks ll be rearranged automatically as per the index rules. I have opened smallcase once or twice. It didn’t impress me.

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For the interested people…they can go for UPSTOX….it is similar like Zerodha…but works better then Zerodha…
Delivery brokerage is ZERO.
Intraday and FO is 20 rs per trade…
I am an authorized partner…and if you open the account with my ref id then account opening is free…
Also use promocode NOV300 to get first 300 brokerage back as well…
Ping me if you are interested…I can share my partner code

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Deal Newbie
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baaz4u2007 wrote:

which is best for intraday trading

Search about Finvasia. Best for intraday trading. They offer zero brokerage in intra day and delivery both.

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Deal Cadet
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Avoid zerodha for investment. Stick to hdfc or icici

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Critic
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sachin361 wrote:

Avoid zerodha for investment. Stick to hdfc or icici

Why,any particular reason? Zerodha is probably the best option for someone just looking at small quantities of delivery based trading.

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guest_999 wrote:

Why,any particular reason? Zerodha is probably the best option for someone just looking at small quantities of delivery based trading.

Zerodha dont have good financial backend. Suspicious activity in recent time. May bankrupt soon.
Prefer HDFC and ICICI these are Most secure platform. Zerodha has recent history of freezing many time in day trading when some good move expected.

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sachin361 wrote:

Zerodha dont have good financial backend. Suspicious activity in recent time. May bankrupt soon.
Prefer HDFC and ICICI these are Most secure platform. Zerodha has recent history of freezing many time in day trading when some good move expected.

“Suspicious activity,may bankrupt soon” those are some big & serious allegations for the biggest broking firm in India.I never noticed any “freezing” in zerodha except at some specific days & times where it was completely expected. After Karvy scam SEBI has put in place many rules & guidelines so it never happens again(even karvy scam only large investors faced issues & those type of investors usually don’t go to zerodha anyway which is a discount broker). I know my shares are safe in my demat acc irrespective of zerodha’s condition.

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Deal Cadet
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guest_999 wrote:

“Suspicious activity,may bankrupt soon” those are some big & serious allegations for the biggest broking firm in India.I never noticed any “freezing” in zerodha except at some specific days & times where it was completely expected. After Karvy scam SEBI has put in place many rules & guidelines so it never happens again(even karvy scam only large investors faced issues & those type of investors usually don’t go to zerodha anyway which is a discount broker). I know my shares are safe in my demat acc irrespective of zerodha’s condition.

before 2018 No one can say anil ambani would go bankrupt. but those who follow internal of ADAG know everything. Zerodha and other discount broker don’t have good business model that have to go bankrupt either soon or may take some time but must go. Karvy is latest example. Choose wisely. Dont attract with zero fee delivery stock offer. If you trade with less quantity then its ok but not recommend with heavy volume. Zerodha collapsed multiple times(crucial).
if u want to know more then search zerodha fraud in twitter and check all tweet between july 2019 to december 2019. recently someone showed fraud with live video content but nitin kamath deleted video with influence link https://t.co/8Uce...yN
i still reiterate U must choose hdfc or icici only if you want to secure your invested money. U may go with uptox as tata(trust) is behind it but i still not prefer discount broker for long time like 3 year or 5 year.

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@sachinachara361 Can’t comment on discount brokers’ business model but karvy scam happened because funds were diverted to their sister concern(being in same karvy group) in real estate sector. Video link is private btw so can’t see it. I am a small investor & usually buy & sell shares based on delivery & that too may be 1-2 times in months. I think this is not worth moving to icici/hdfc considering their higher charges but may be in future when I invest more then I will think about it.

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