The market of commodities is massive that one cannot vet. All life-essential products fall under the same rough of commodities. They make lives easy and worth living for all people. Some traders or investors come together under the scheme of government regulations and decide the prices at which they must be sold in the retail and wholesale markets. Zerodha is a top broker in the market, which creates job easy for all market players as a whole.
For controlling them, there are regulatory bodies that keep an eye and overview of any suspicious activity in the market. They have the right to debar. Thus, it is important to trade wisely in the commodity market but without inhibitions.
How safe is Zerodha?
The safety of any broker is entirely dependent on how it trades in the market and treats the users. Also, it creates, makes or spoils the name of a brokerage company. In India, Zerodha has an affiliation with SEBI. Moreover, the company does not have debt over it and trades with the intent of benefiting its subscribers. That’s the trait of a brokerage company that wants its traders to earn profits. Interestingly, in the past ten years, there has been no case against the broker. So, it is powerful and wins the user’s confidence.
Therefore, it makes the broker reliable, safe and worth trusting. These qualities are the attributes that make the broker top-notch.
However, there were news and rumours that the broker has enabled some scam or cheated people. But none can establish what happened because everything got under the covers in the nick of time. Even on social media, things are not in favour of the broker.
What is Zerodha in India?
Here in India, Zerodha stands at the numero-uno position due to the type of services and features it displays for users. Also, the trading pattern is easy and effective for people. Thus, it attracts eyeballs and contenders of the market who want to script history with the gusto of spending in the financial market.
An Indian broker Nithin Kamath established the brokerage firm in 2010. The entrepreneur cum broker cum trader wanted to gift the world of trading a high-tech platform that can assure a seamless environment at a reasonable price. As per the brokerage company, it stands at more than 2.2 million active user base. Interestingly, it accounts for more than 15 per cent of the total online trader base in the country. That’s huge and helping all Indian traders and investors reach their collective goals of achieving gains and magnify their wealth.
What is the trading fees of Zerodha?
The trading fees of Zerodha is the lowest in the country. Directly, the broker does not charge any commission from its customers, and that’s the sign of an upbeat online trading brokerage firm that cares about its client base and improves from suggestions. For delivery of equities, it charges zilch from customers.
Is Zerodha a transparent broker?
Some people suggest that it is a transparent broker. However, others feel that there are hidden charges that traders seldom know about and have to pay during various circumstances. Thus, there are two things about it. You can either believe what people say in favour or against it, completely up to you.
What are the types of products with Zerodha?
The major products at Zerodha include stocks, forex and commodities. The broker specialises in them and creates massive opportunities through its own features and characteristics.
These products and assets offer multiple market access to a user. Hence, trading in the unknown financial bazaar becomes easier.
Has Zerodha got low non-trading charges?
The broker definitely charges account fees from its subscribers. However, there’s no inactivity fee here. Also, unlike many brokers, traders have nothing to concern about withdrawal or deposit fees. These features are attractive to clients.
Significant cons of Zerodha?
It’s not that everything is alright with the online trading portal. Some drawbacks pullback overall benefits. The broker is no different in that way.
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The website is too slow to operate. Thus, it kills the joy of trading. Also, it can result in heavy losses if not paid full attention.
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It only accepts Indian citizens. So, if an Indian origin person is trying to board on it; there’s no chance. The limitations created by it is not helping the cause of several willing traders. It should work on that aspect.
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The biggest flaw is it is not fully digital, and that hits the ongoing broker. That must be corrected so that more traders can come and establish themselves.
Who can open an account on Zerodha?
The broker allows only resident Indians and non-resident Indians to open an account on it. However, if it can change the aspect, more people may show interest in registering on it. But there’s a wedge that it will need to find accomplishments in several instruments and assets in quick time.
What is the minimum deposit on Zerodha?
The minimum deposit is zero rupees, which encourages traders to come and trade with it. However, for opening an account, you have to shell Rs 200. A Demat and trading account open with it. For channelising in the commodity market, you’ll have to spend Rs 100 extra.
How to open a commodity account on Zerodha?
The process of opening a commodity account on Zerodha is drastically different and takes a long time. Sadly, it is not fully digital. It takes a long time to approve all your data and approve them. The average approval time is 5 days. It’s like forever compared to world-class brokers like Global TradeATF and ETFinance. It takes a few minutes time to register and receive the authorisation or approval for trading.
Here are the steps for opening a commodity account:
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Start registration through the email id.
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Provide the PAN card
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Make a payment for the account opening fee.
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Link the id details with an authentic government website like Digi Locker Facility. Itt will help in drawing the necessary documents.
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Give the bank statement and account details.
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Sign the documents digitally.
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Mail the essential documents
PS:- You would require to provide the following documents:
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E-sign
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Bank statements
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Aadhar card
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Pan card
Conclusion:
For trading commodities on Zerodha, you must pay attention to several aspects like how conducive is the trading environment, which can it multiply your profits and help you achieve the targets. The broker assists in trading in MCX and NCDEX market to clients. So, do look at which kinds of representation the broker makes. If you can buy and sell gold, platinum, natural gas, crude oil, wheat corn and other commodities, then it is worth operating on it. Otherwise, you can look for trading on ROinvsting, 101investing and other online brokerage firms as well.
