Launch formula: 60% hard data, 40% outside ratings. Verified reviews from our traders replace outside ratings as they come in.
Who licenses Zerodha.
Licences as Zerodha lists them. A tick means we found the entity on the regulator's own register.
| Regulator | Tier | Entity | Licence no. | On register |
|---|---|---|---|---|
| SEBI | TIER 1 | Zerodha Broking Limited | INZ000031633 | Not yet checked |
| NSE | TIER 1 | Zerodha Broking Limited | — | Not yet checked |
| BSE | TIER 1 | Zerodha Broking Limited | — | Not yet checked |
| MCX | TIER 1 | Zerodha Broking Limited | — | Not yet checked |
Published brokerage.
| Account | Spread | Commission | Cost / lot |
|---|---|---|---|
| Currency F&O Futures: 0.03% or ₹20/executed order whichever lower; Options: ₹20/executed order | — | — | — |
| Commodity (MCX) Futures: 0.03% or ₹20/executed order whichever lower; Options: ₹20/executed order | — | — | — |
| Equity F&O Futures: 0.03% or ₹20/executed order whichever lower; Options: flat ₹20/executed order | — | — | — |
Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.
The fine print.
Traded with Zerodha? Prove it.
Verified reviews open soon. Reviews backed by a statement, a read-only MT4/MT5 login or a withdrawal receipt count up to 3× more, and every verified review enters the weekly 100 USDT draw.
Outside rating used for now: Trustpilot 1.6 from 46 reviews.
- accounts: zerodha.com/charges
- segments: zerodha.com/charges
- regulators: zerodha.com/charges
- trustpilot: www.trustpilot.com/review/zerodha.com
- min deposit usd: zerodha.com/charges
- payment methods: support.zerodha.com/category/funds/adding-funds/how-to-add-funds/artic
- inactivity fee note: zerodha.com/charges
- withdrawal fee note: zerodha.com/charges
Research notes: max_leverage null: exchange-traded derivatives; SEBI/exchange SPAN+exposure margins apply, no broker-set leverage. Not CFDs; currency F&O limited to INR pairs + exchange cross pairs. Footer lists membership of NSE, BSE, MCX, MSEI but no member IDs; NSE factsheet link has memID=2516 (unlabelled, not recorded). DP: IN-DP-431-2019. Trustpilot sample very small. min_deposit 0 = no stated minimum.
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