Pros and cons of using Zerodha under 500 words

Pros and cons of using Zerodha

Zerodha Pros (Advantages)

Here are the benefits of Zerodha. You should go through Zerodha’s advantages and drawbacks prior to creating an account at Zerodha. Zerodha’s benefits and drawbacks can help you decide if it’s a good fit for your financial needs.

• Most well-known Brokerage Most popular Broker Zerodha is the biggest brokerage across India (by the number of clients who are active and daily volume of trading).
• Most reliable, safest and reliable broker in India
• The top trading platforms and tools in the business including Kite, Console, and Coin
• Brokerage-free Equity Delivery Trades you don’t have to pay any brokerage when buying shares using cash-and-carry (CNC). Delivery trades do not have leverage. After purchase, shares are sent to your Demat account. Upon sale, when they are sold, shares be deducted from your Demat account.
• Cheapest shares broker available in India They provide services that follow a basic pricing system. They charge 0.03 percent or Rs20 per executed order, or whichever is less regardless of the size of the trade. The maximum amount for brokerage charged by the client is Rs20 per transaction.
• Zerodha Programme for Referrals — refer to a friend and earn 10 percent of the brokerage shares.
• Self-Clearing Broker Zerodha is a self-clearing broker. Zerodha doesn’t charge clearing fees from their customers.
• Pay-as-you-go Brokerage Plans Pay-as-you-go Brokerage Plans Zerodha is a pay-as-you-go brokerage plan. There aren’t any options for prepaid brokerage plans.
• Zerodha GTT orders — Set an ongoing stop loss for a long time and set targets for your stocks investments.
• Zerodha Kite 3 mobile — A brand-new mobile application designed to serve both actively day traders, featuring major speed and user-experience improvements.
• Online Application for IPOs — You are able to make an application to apply for new public offerings (Initial public offerings) by using your Zerodha account.

Zerodha Cons (Disadvantages)

The following are the disadvantages of Zerodha. Take a look at the list of Zerodha negatives.

• It doesn’t offer information on stock information, research reports, or other recommendations.
• Unlimited monthly trading options aren’t available.
• Lifetime free AMC Demat accounts aren’t available.
• Additional charges of Rs50 per order that is executed for MIS/BO/CO positions that do not square off by the client.
• Call & Trade is accessible with an additional charge of Rs50 per order.
• Software for trading isn’t offered to Mac and Linux operating systems.
• A 3-in-1 trading account for trading is not accessible since Zerodha does not provide banking services.
• Contrary to the majority of 3-in-1 account providers, Zerodha Back Office (console) isn’t integrated with the trading platform. The information within the back office is constantly updated.

Even with the small disadvantages, Zerodha is able to offer, large numbers of traders are registered with Zerodha due to their sheer and flawless trading platform, and Their mobile-based trading system isn’t only smooth and fluid but also close to perfect …!

You can open your account through Zerodha within 5 to 10 minutes. This is considered to be the most reliable trading account for traders.

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Originally published at https://prashantaggarwal.com on September 24, 2021.