Zerodha

Q: What is Zerodha?

A: Zerodha is a prominent Indian financial services company that offers online trading services in equities, commodities, and currency derivatives. It was founded in 2010 and has gained significant popularity for introducing a disruptive model of brokerage, where they charge a flat fee per trade instead of a percentage-based commission.

Q: How do I open an account with Zerodha?

A: To open an account with Zerodha, you need to visit their website and complete the online account opening process. You'll be required to provide your personal details, PAN card, Aadhaar card, bank account details, and other necessary documents. After completing the application, you'll need to e-sign using Aadhaar-based OTP authentication.

Q: What is the Zerodha Refer and Earn program?

A: Zerodha Refer and Earn is a program that allows you to earn rewards by referring your friends to Zerodha's trading platform. When your referred friends open and trade using a Zerodha account, you can earn 10% of the brokerage they pay on their trades.

Q: How do I participate in the Zerodha Refer and Earn program?

A: Participating in the Zerodha Refer and Earn program is easy. Just log in to your Zerodha account, access the "Refer and Earn" section, and generate your unique referral link. Share this link with your friends who are interested in trading and investing.

Q: What rewards do I receive through the Zerodha Refer and Earn program?

A: For each successful referral, you receive 10% of the brokerage your referred friend pays on their trades. Additionally, you earn 300 reward points for every referral, which can be used to access various tools and platforms within the Zerodha Universe.

Q: How do I withdraw the 10% brokerage share earned through Zerodha Refer and Earn?

A: You can withdraw the 10% brokerage share earned through the Zerodha Refer and Earn program directly to your bank account. Once the referred friend starts trading, you'll start earning a percentage of the brokerage they pay, and you can initiate the withdrawal process as per the program's terms and conditions.

Q: What can I do with the reward points earned from Zerodha Refer and Earn?

A: The reward points earned through the Zerodha Refer and Earn program can be redeemed to gain access to various tools and platforms within the Zerodha Universe. These tools can enhance your trading and investing experience, helping you make informed decisions.

Q: Are there any limitations on the Zerodha Refer and Earn program?

A: Yes, there are certain terms and conditions associated with the Zerodha Refer and Earn program. The referred friend must open a Zerodha account using your unique referral link, and they need to complete a specified number of trades for you to earn the referral rewards. Make sure to review the program's details on Zerodha's official website.

Q: Can I refer multiple friends through Zerodha Refer and Earn?

A: Absolutely! There is no limit to the number of friends you can refer through the Zerodha Refer and Earn program. The more friends you refer who join and trade using Zerodha, the more you can earn in terms of both the brokerage share and reward points.

Q: How can I track my referrals and earnings through Zerodha Refer and Earn?

A: Zerodha provides a dashboard or section within your account where you can track your referrals, the number of trades completed by your referred friends, the brokerage share earned, and the reward points accumulated. This ensures transparency and easy tracking of your earnings.

Q: Are there any deadlines for participating in the Zerodha Refer and Earn program?

A: While there might not be strict deadlines, it's a good idea to check the Zerodha website for the latest information on the Refer and Earn program. Terms and conditions can change, and it's always best to stay updated on any updates or modifications to the program.

Q: Is the Zerodha Refer and Earn program available for all Zerodha users?

A: Yes, the Zerodha Refer and Earn program is typically available for all existing Zerodha users. However, it's recommended to review the program's terms and eligibility criteria on Zerodha's official website or within your Zerodha account to ensure you meet the requirements for participation.

Q: What are the brokerage charges at Zerodha?

A: Zerodha follows a flat fee brokerage model known as "Zerodha Brokerage." For equity delivery trades, there are no brokerage charges, while for intraday, F&O, and commodity trading, a flat fee per order is charged. This model is designed to reduce the brokerage costs for traders and investors.

Q: Does Zerodha offer any educational resources for beginners?

A: Yes, Zerodha offers a comprehensive educational platform called "Varsity" that provides free online courses and resources on various aspects of trading and investing. It covers topics ranging from basics to advanced strategies, technical analysis, fundamental analysis, and more.

Q: Can I invest in mutual funds through Zerodha?

A: Yes, Zerodha provides a platform called "Coin" that allows you to invest in direct mutual funds. Direct mutual funds have lower expense ratios compared to regular mutual funds because they don't include distributor commissions.

Q: What trading platforms does Zerodha offer?

A: Zerodha offers a range of trading platforms:

• Kite Web: A browser-based platform for trading equities, commodities, and derivatives.

• Kite Mobile App: A mobile app for trading on the go.

• Kite Connect API: An interface for developers to build their trading apps and algorithms.

• Console: A back-office platform to manage your portfolio, account, and funds.

Q: Does Zerodha charge for using their trading platforms?

A: Zerodha provides its trading platforms for free to its clients. There are no charges for using Kite Web, Kite Mobile App, or Console.

Q: How can I transfer funds to my Zerodha account?

A: You can transfer funds to your Zerodha account using net banking, UPI, NEFT, or RTGS. Zerodha has tied up with various banks for seamless fund transfers.

Q: Is there a minimum account balance requirement with Zerodha?

A: No, Zerodha does not require a minimum account balance. You can open and maintain an account with any balance amount.

Q: What is Zerodha Coin?

A: Zerodha Coin is a platform offered by Zerodha that allows investors to buy and sell direct mutual funds with no commission charges. It provides a single platform to invest in a wide range of mutual fund schemes from various asset management companies.

Q: Does Zerodha offer margin trading and leverage?

A: Yes, Zerodha offers margin trading facilities to its clients. You can avail of intraday margin for trading in segments like equity intraday, F&O, and currency derivatives. However, the margin facilities are subject to certain conditions and risk management policies.

Q: How does Zerodha ensure the security of my funds and personal information?

A: Zerodha employs various security measures to protect your funds and data. These include two-factor authentication (2FA), SSL encryption, periodic security audits, and strict adherence to regulatory guidelines set by organizations like SEBI.

Q: Can I invest in initial public offerings (IPOs) through Zerodha?

A: Yes, Zerodha provides the facility to apply for IPOs through its platform. You can place bids for IPO shares using your Zerodha Demat account.

Q: Does Zerodha offer any research and analysis tools?

A: Zerodha offers a tool called "Market Pulse" that provides real-time market information, stock screeners, and technical analysis tools. It helps traders and investors make informed decisions by analyzing market trends and stock performances.

Q: What are Zerodha's customer support options?

A: Zerodha offers customer support through various channels, including phone support, email, and ticketing system. They also have an extensive knowledge base and community forum where users can find answers to common queries.

Q: Can I transfer my existing portfolio from another broker to Zerodha?

A: Yes, Zerodha allows you to transfer your existing securities from another broker to your Zerodha Demat account. This process is known as "Off-Market Transfer" and involves certain procedures and paperwork.

Q: What are Zerodha's trading hours?

A: Zerodha follows the trading hours of the Indian stock exchanges. Equity markets are open from 9:15 AM to 3:30 PM, while commodity markets have different timings based on the specific commodity being traded.

Q: Does Zerodha provide support for algorithmic trading?

A: Yes, Zerodha offers an API (Application Programming Interface) known as "Kite Connect" that allows developers to build and execute algorithmic trading strategies. It enables traders to create their own automated trading systems.

Q: Can I open multiple accounts with Zerodha?

A: Yes, you can open multiple accounts with Zerodha using the same PAN card. However, each account must have a unique email address and phone number associated with it.