Zeroshulk has gone through various business transitions in the past 31 years or so. It started as V.Kumar & Co., then renamed the business to Zeroshulk finance and investment private limited in 1996.
Let’s find out more about the discount broker in this review.
The business then expanded its operations into the commodities market in 2003 under the title Zeroshulk Commodities private limited. The company also became the member of MCX Stock exchange in the year 2008.
Today Zeroshulk is a mainstream discount stockbroker and claims to have 9000+ customers who transact across multiple segments. This discount broker is part of Vikson securities, another stockbroking firm and is based out of Chandigarh, Punjab.
Both the firms run under the same operational team. Zeroshulk alone claims to have more than 100 employees under its belt.
“Zeroshulk through its listed parent Vikson Securities has 3500+ active clients by 2018.”
With this discount stock broker, clients can trade and invest in the following segments:
Zeroshulk is an evolving discount stock broker, however, it provides various communication channels such as:
Although the discount broker has been successful in providing multiple channels for customer service the overall tones still seems to be a little salesy. It would be better if the support executives are trained to bring quality to the overall communication rather than pitching their products and positioning most of the times.
“Zeroshulk claims to provide 16 hours of IT support starting from 8 am in the morning until 12 am late night.”
Being a discount stock broker, the charges are pretty nominal across segments. Here are the details for your reference:
Zeroshulk Account Opening Charges
The account opening charges are free of cost with no annual maintenance charges for the first year. From the second year onwards, the AMC is charged at ₹300 per year.
“Zeroshulk offers multiple brokerage plans to its clients based on different trading styles.”
This discount stockbroker comes with 3 pricing models. Here is the detailed information:
Flat Trading Plan
Monthly Trade Plan
Unlimited Trading Plan
Flat Pricing per order
No restrictions on number of trades
One time payment
Customer can pick from Equity Cash, Equity Futures & Commodities
Apart from the other payments, you are supposed to shell out transaction charges as well. The percentages shown below are multiplied by your trade value to calculate the overall transaction charges to be paid:
There are few stockbrokers that entice clients with low brokerage charges but then charge higher transaction charges to compensate for the loss of brokerage. Zeroshulk is not part of that list and charges nominal transaction charges across segments.
Thus, you can be assured of low charges levied by the broker. Having said that, make sure you understand any potential hidden charges. Once finalized, get these details emailed from the official email account of the broker for any future usage.
Zeroshulk Exposure or Leverage
The discount broker offers decent exposure across segments. Here are the details listed:
Upto 10 times for Intraday
Upto 3 times Intraday
Upto 3 times Intraday
Upto 3 times Intraday
The broker offers average values of exposure across segments. Thus, users looking for high exposure values may look for some other stockbroker.
Disadvantages of Zeroshulk
Here are some of the concerns you must be aware of this discount broker:
Relatively a new name in the discount broking segment
Other discount brokers offer similar services at 15% to 25% less cost per executable order
Relatively untested trading platforms
“For this financial year 2018-19, Zeroshulk has received 5 complaints at NSE which translates to 0.10% of its active client base. The industry average is 0.02%.”
Advantages of Zeroshulk
At the same time, let’s talk quickly about some of the positives this discount broker brings along:
Charges relatively low brokerage with zero account opening charges
Annual maintenance fees for the first year is free
Different fixed price brokerage plans allow clients to pay as per their trading habits.
How to Open a Demat and Trading Account?
Enter Your details here to get a callback.
Post this call You need to provide a few documents to start your account opening process. The documents required are as follows:
An address proof
Bank statement for the last 6 months
Passport sized photograph
AMC fees (if applicable)
Trading Account cheque
Once you are done with this, your account gets opened within 2-3 business days.
The details can be verified from the corresponding websites of the exchanges.
Some Frequently Asked Questions About Zeroshulk (FAQ):
What are the account opening charges at Zeroshulk?
The account opening cost for this discount stock broker is free and you are not required to pay anything to open your demat account and trading account with the broker. Furthermore, the AMC (annual maintenance charges) is free for the first year and is INR 300 from the second year.
Overall, pretty reasonable in its charges.
What are the brokerage charges levied by Zeroshulk?
The discount stockbroker has 3 kinds of brokerage plans for its clients.
First one is flat INR 15 per executed trade. Users entering into stock trading or beginner level users, in other words, can start with this brokerage plan.
Secondly, there is a monthly plan that allows you to trade on an unlimited basis in a specific trading segment of your choice. This plan costs INR 999 per month. The plan is suitable for traders that perform medium to heavy trading and are looking to save brokerage charges against their trades.
Then, there is another unlimited trading plan for traders who are looking for a long-term career in trading. This plan costs INR 2499 as a one time cost for a lifetime. Once subscribed, users can trade for unlimited level forever.
How is the customer service at Zeroshulk?
With few communication channels, the discount stock broker provides around average customer service to its clients. The broker needs to certainly work on the training of its support staff to improve the overall quality of customer support provided by the broker.
How is the performance of the trading platforms at Zeroshulk?
The discount stock broker is still getting mature as far as its trading platforms are concerned. It has a presence on devices alright, but the quality of the trading platforms still will take some time to get to an optimal level. As of now, the terminal based trading application of the broker is relatively better in terms of performance and usability as compared to other trading applications.
What exposure or leverage values are offered by Zeroshulk across segments?
The discount stock broker plays pretty safely when it comes to exposure. It only provides 10 times exposure for intraday trading, 3 times for futures trading and none for options trading. Thus, users looking to make big using exposure might have to settle with some other stock broking house.
You can check out the comparison of Zeroshulk Vs Other Stock Brokers here: