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Zerodha being the first discount broker offers the opportunity to traders to trade at the minimum cost. So, if you are thinking of opening an account with the broker, here is the complete detail of the Zerodha brokerage charges.
Let’s take a close look!
Zerodha Brokerage Charges Rates
Zerodha is known not only for the discount brokerage plans but also for various other propositions such as:
- High-Performance Trading Platforms
- Free Delivery Trades
- Investing allowed across multiple trading segments including Equity, Commodity, Currency, Mutual funds etc.
The brokerage charges of Zerodha have a maximum cap of ₹20 per executed trade, be it any segment. Furthermore, the brokerage can be even less depending on your trade value.
Apart from Brokerage, you are charged the following as well:
- STT – Securities Transaction Tax is charged by the Government of India.
- Transaction Charges – a charge levied by specific exchanges (NSE or BSE)
- SEBI Charges – SEBI is a regulatory body in the Indian stock market ecosystem and charges specific rates on your trades.
- GST – the much-talked-about Goods and Service tax is levied on the sum of brokerage generated and transaction charges.
- Stamp Duty – is levied by your specific state in India and it varies based on the state you opened your trading account in.
For complete details, let’s check the Zerodha brokerage charges across different segments:
The Equity Delivery Trades have ₹0 Brokerage attached to them. In other words, if you buy a stock today and sell it on any other day – then you will not be charged any brokerage. Yes, there will be few taxes and other charges but as far as the brokerage is concerned, you will not pay anything for such trades.
Here are the details:
If you are someone who trades at an intra-day level i.e. buys and sells the stocks on the same trading day, you will be levied a maximum of ₹20 per executed trade. Although most of the other charges remain the same, except the STT which is much lower as compared to Delivery trading.
Here are the details:
For traders preferring to trade in the futures segment, the brokerage charges remain the same as Intraday trades but the STT and Transaction charges see a dip.
Here are the details:
Zerodha Brokerage Charges Currency Futures
Moving on and talking about the Currency Segment, let’s see what you will end up paying if you trade in the currency futures segment. This needs to be told that there are no STT charges when it comes to the currency segment and transaction charges are relatively low too.
Here are the complete details:
In Options Trading, Zerodha Brokerage charges are set flat at ₹20 per executed trade without any dependency on your trade value. Thus, even if your trade value is ₹100, the brokerage will still be ₹20.
At the same time, STT charges increase as compared to the futures segment while Transaction charges are at their highest value for this segment. Here are the complete details:
Zerodha Brokerage Charges for Currency Options
When you trade in currency options, there is not much of a difference as compared to currency futures as far as the total payment is concerned apart from the transaction charges.
Check the details:
As far as commodity trading is concerned, the brokerage for both futures and options segment remains the same. However, to trade in commodity options you will end up paying 5 times STT you would have paid for commodity futures.
Zerodha Brokerage Hidden Charges
Apart from all the charges mentioned above, there could be few more charges that Zerodha might levy on you. However, these charges are not generically applied to everyone and are only applicable if you actually use any of these services.
Thus, be wary of these charges before using those unless you want to get surprised later. Here are the details:
Zerodha Brokerage STT Charges
The STT charges generally refer to the tax you need to pay for trading in the market even before you make a profit.
The Securities transaction charges differ for different segments. Here is the updated STT charges in Zerodha.
Zerodha Stamp Duty Charges
As mentioned above, stamp duty varies based on your state in India and correspondingly charges are levied on your trades. Some trades charge a percentage of your trade value, others have a maximum cap on a daily basis while a few levies a flat rate of Stamp duty on a day level basis.
As mentioned above, apart from brokerage there are other charges you are supposed to shell out in your trades. Transaction charges are levied by the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) and are a small percentage of your trade value.
In other words, the higher your trade value – the higher is the transaction charge you end up paying. But still, the percentage value is very minuscule as shown below:
If you are a beginner and finding it difficult to calculate the exact brokerage after considering the transaction, STT, hidden, and other charges, then here is the solution for you.
Make the best use of the calculator to find the total fees you need to pay at the end of each trade. Here’s how it looks like:
Just enter the information like buy/sell price, the number of shares, state and click on calculate button. You will get to know the total charges for that particular trade.
This sums up this piece on Zerodha Brokerage charges. The broker attracts many traders and investors due to its minimum fees that help the trader to trade without any foundation.
Apart from this, the broker is known for offering the best support services, a user-friendly and advanced trading platform, Zerodha Kite that makes trading much easier.
So are you Interested to open an account?
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