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Basic Information & Regulation of Zerodha
Zerodha is an Indian stockbroker founded in 2010 to build a high-tech trading platform, and there are 1.5 million active accounts on the Zerodha platform. Zerodha is currently an unregulated broker.
Safety Analysis of Zerodha
Zerodha is currently an unregulated broker, which means that the safety of investors' funds and trading activities are not effectively protected. Therefore, investors are advised to avoid Zerodha as a Forex broker.
The main financial instruments offered by Zerodha to investors are stocks, ETFs, forex, bonds, options, and futures.
Accounts & Leverage of Zerodha
Zerodha offers investors two account options, namely Demat & Trading Account and Commodities Account. The former is mainly used for trading stocks and currency pairs, while the latter is for trading commodities.
Trading Platforms Available of Zerodha
Zerodha offers traders an online trading platform, the main advantages of which are user-friendliness, ease of use, having clear fee reports, and good search function. Then again, the platform also has some obvious disadvantages, a two-step login, and limited customization.
Deposit and withdrawal
Zerodha only supports traders to fund their investment accounts using bank transfers, while the currently popular credit/debit cards are available. Zerodha does not charge any fees to its clients for withdrawals.
Pros & Cons of Zerodha
The main advantages of Zerodha are:
1. Wide variety of tradable assets
2. No fees for withdrawals & deposits
3. No minimum deposit limits
The main disadvantages of Zerodha are:
1. No regulation
2. No demo accounts offered
3. Slow process of accounts-opening
4. Limited withdrawal methods, no credit card available
5. Only Indian clients accepted
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.