Zerodha Account Opening

Reading time: 6 minutes

We know that opening a brokerage account is a huge step, and it might not be your main expertise just yet. But it is ours, as we have opened accounts with over a hundred brokers and analyzed them based on more than 40,000 data points. We are here to help you! So let's jump right in! Registering at Zerodha takes only a few minutes and your future self will appreciate the foresight!

To give you a brief summary: Zerodha is one of the biggest discount brokers in India. It is regulated by the SEBI.

My key findings in a nutshell

My key findings in a nutshell

Adam Nasli

Financial Wizard | Regulation • Fighting Scams • Market Analysis

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Learn about our methodology

Adam Nasli

Financial Wizard | Regulation • Fighting Scams • Market Analysis

I've thoroughly tested Zerodha services with our analyst team by opening a real-money account and these are my most important findings:

• Signing up just takes 15 minutes on average, while the approval of your account could take >3 days
• You will need to prove your identity and residency with documents. Some examples:
  • Photograph, Aadhar Card, Pan card details, Bank Statements, Signature specimen
• Zerodha is a reliable broker regulated by a top-tier regulator
• Visit Zerodha's site and start registering now!

First, let's see if Zerodha is available in your country?

Visit broker

First you need to fill a registration form to apply for an account. Your application needs time to be verified [>3 days] after which you can deposit and start trading.

Zerodha account opening step-by-step guide

1. Go to Zerodha's website to start the account opening process.
2. Follow the account opening process: it is self-evident, but you might need help at some point. Don't worry, we cover the main issues here.

Which Zerodha account to choose?

If you want to explore the possibilities offered by this broker, you will need to choose an account type, and for that, you should consider how experienced you are in trading and investing.

We have more details about the available account types in our review for you to explore.

Visit broker

Which base currency to choose?

Zerodha has 1 base currency available, which is INR.

You might have to pay a conversion fee if:

• You trade with assets not in INR
• You make a deposit in a different currency other than INR

Once you have filled the form, uploaded your documents, chose your account type, base currency and finished the trading survey, Zerodha will verify your account very shortly.

Why do I need to fill the trading experience survey?

It might seem scary at first, but it is nothing to worry about. This is standard procedure, as brokers need to make sure that you have a basic financial knowledge and you are aware of the risks of trading.

Also don't worry if the broker asks questions about your financial background e.g. your available assets, salary range. This is also part of the risk assesment process - to make sure you don't take on investments and trades you can't afford.

To do your first trade, you have to fund your account. Generally, brokers offer a Bank transfer / ACH / Credit or debit card / E-wallet transfer solution.

Is there a minimum deposit at Zerodha?

Luckily, no. You can deposit to Zerodha, without having to do a large commitment.

Also, if you feel like this service is not your cup of tea: no worries. You can opt out and withdraw your funds anytime.

If you received your verification email, you are good to go to fund your account and start investing!

Here's how to start after funding your account:

• First, check the products on the platform. You can also search for assets using its search tool,
• Here, you'll see a list of assets by certain categories, like asset classes,
• Click/tap on an asset to see its chart,
• After this step, it is easy to specify the transaction size, order types, and terms.

Visit broker

Yes, Zerodha can be considered a legit broker, as it is regulated by at least one top-tier regulator, which is a great sign for reliability.

For you, this means that your money is in good hands and you will most probably not become a victim of a scam by Zerodha.

Throughout the account opening process at Zerodha, you won't be required to pay anything to create your account. Also, you can close your account anytime you like.

Every time you are planning to dive into finances, make sure you know who you trust your money with. Make sure that the broker is considered trustworthy. We, at BrokerChooser, only recommend regulated brokers on our site, meaning the broker's operations are overseen by a trusted body.

Visit broker

You are awesome for having read through this article! Opening an account might seem cumbersome at first, but the best time to start dealing with your finances is always right now.

We want to help you along the way, so if you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum..