SVKFinServ registered partner with popular stock brokerage house ZERODHA. Where Zerodha is an Indian financial service company (member of NSE, BSE, MCX, MCX-SX) that offers brokerage-free equity investments,[3] retail and institutional broking, currencies and commodities trading, and mutual funds.
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Zero brokerage Equity/Commodity trading account .
Why Zerodha?
1) Stock Investment is brokerage free:
However they don’t offer mutual funds investment right now but it’s under pipeline.
2) Trading brokerage is flat priced:
Zerodha charges 20 rupees per trade (buy or sell) for options or equity/future intraday.
Industry standard is 0.05% of the transaction amount (Equity/Futures) and 100 rupees per lot (Options).
This alone made me switch to Zerodha. I traded a lot at start of my trading journey and ended up paying thousands in brokerage to Axis Direct.
3) Higher Intraday Margin:
Zerodha offers higher margin than most of the competitors for intraday trades. Margin is very important for small traders to take higher positions.
Axis Direct was offering 5 times of my trading amount for blue chip stocks while Zerodha offers 10 times.
4) Quant:
Zerodha Quant analyzes your historical trades and provides insights to make you more data-driven trader. You can see your current profitable streak (A challenge), Best day to Trade, Optimal position size etc via Quant.
5) Always with New Features:
One of the things I love about Zerodha is their constant addition of new features and services.
They recently went free for equity investing, started offering collateral margin against your holding, turned Kite into a platform etc. They also have a very active trading forum called tradingqna.
6 ) Kite is very simple and intuitive browser-based trading platform. A good match for my non-window Mac and BlackBerry. It’s so promising that Zerodha is pushing it to make a platform itself.
Axis Direct had a horrible browser-based platform and other brokerages firms are not different.
7) Pi - Fast and Most powerful desktop software
There is no trading software like Pi in India. Pi is very fast and packed with Advanced charting, alerts, Analysis, Back-testing and you-name-it feature. Once you are on Pi, you can never go back.
Most brokerage firms are still in 2000s. Their desktop softwares are complicated, less powerful and badly interfaced.
8) Excellent Support:
The customer on-boarding experience was wonderful. Zerodha Support was very helpful in the migration period from my old broker.
Your queries are resolved via Phone or email quickly and you can also call-to-trade.