Zerodha

What is Zerodha?

Zerodha is a stock broker operating in India. The company’s documentation describes it as a “pioneering discount broker” that offers free equity delivery trades and a flat-fee structure for intraday trading. The platform is used by over 15 million customers, according to the company’s own figures. Zerodha’s product category is listed as “data,” reflecting its role in providing market data and trade execution services to retail investors. The core offering is a web-based trading platform, with mobile applications for iOS and Android. The company does not provide research or advisory services as part of its basic plan; users execute their own trades.

Who is Zerodha for?

Zerodha is designed for individual investors and traders in India who want low-cost access to stock markets. The free equity delivery trades make it suitable for long-term buy-and-hold investors who do not trade frequently. Intraday traders can use the flat-fee model, though exact per-trade charges are not listed on the public pricing page beyond the monthly plan. The platform appeals to users who are comfortable making their own trading decisions without broker guidance. Zerodha does not target institutional clients or high-frequency algorithmic traders; its product documentation focuses on retail use. New investors may need to learn market basics independently, as the platform does not include educational tools beyond basic order types.

How much does Zerodha cost?

Zerodha uses a freemium pricing model. The starting price is $0 per month — meaning there is no monthly subscription fee for the basic account. The company does not publicly list per-trade fees or account maintenance charges on its pricing page beyond the free monthly tier. Users should verify any additional costs, such as securities transaction tax or exchange fees, through the broker’s official documentation before opening an account. Because Zerodha is an Indian brokerage, all pricing is in Indian rupees; the $0 per month figure represents the equivalent of zero monthly account fee. The repository of pricing information available publicly does not include figures for margin accounts, API access, or premium support options.