Understanding Zerodha's Call and Trade Services: Charges and How to Order

Zerodha, a popular online stockbroker in India, offers investors and traders an array of brokerage services. One of the key features many users are interested in is the ability to call and place orders. However, charges for these services can vary depending on the type of account and the specifics of the trade. This article will guide you through the process and the associated costs.

Overview of Zerodha's Accounts

At Zerodha, there are different types of accounts available to cater to diverse trading needs. These include:

Brokerage-Free Equity Delivery Trading Account: This account is free of brokerage for orders placed through the web or mobile app. Intraday, MIS, BO, and CO Trading Accounts: These accounts are designed for intraday, futures, and options trading and come with specific charges.

Charges for Call and Trade Services

The charges for calling and placing orders through Zerodha's support or dealing desk are as follows:

Brokerage-Free Equity Delivery Trading Account

For the brokerage-free equity delivery trading account, the charges for call and trade services are a flat rate of Rs 20 per order.

Intraday and Derivative Trading Accounts

For intraday and derivative trading accounts, the charges are as follows:

Additional Charges: 0.03 of the total value of the trade, with a minimum charge of Rs 20 per order. Minimum Charge: The minimum charge is Rs 20 per order, regardless of the trade value. Value Trade Threshold: If the trade value is less than Rs 67,000, the minimum charge of Rs 20 applies. Trades worth more than Rs 67,000 will be charged 0.03 of the total value.

Note: These charges are subject to change and may vary based on market conditions and other factors. It is best to check Zerodha's website or contact their support team for the most up-to-date information.

Additional Considerations for Intraday Traders

As an experienced trader, it's important to be aware of additional charges when using intraday trading services. Zerodha charges an additional "call and trade" fee when square-off orders are placed by their RMS ( Risk Management System) team before the market closes. This is reflected in the following quote from their website:

Call and Trade Charges: Additional charges of Rs 20 per order for orders placed through their support/dealing desk; Rs 20 for intraday MIS/BO/CO positions squared off before market closing by their RMS team.

How to Place Orders by Phone

If you prefer to place orders via phone, Zerodha provides two contact numbers for you to reach out:

08040402020 - For calls during business hours. 08033102020 - For calls outside of business hours.

These numbers can be used to place calls and trades if you are using the brokerage-free equity delivery trading account. For intraday and derivative trading accounts, the charges are as mentioned above.

Conclusion

In conclusion, Zerodha offers both online and phone-based trading options. Understanding the associated costs is crucial for managing your trading expenses effectively. It's always recommended to consult the official Zerodha website or contact their support team for the most accurate and up-to-date information on their charges and services.