I started my stock market investments in the year 2020 when lockdown has just begun. As completely new in this domain, I had no idea how to place an order and what different buttons and options do?
But it turns out to be as smooth as butter. You can find so many videos to help you easily learn how to place an order in just 1 minute. Also, after using it for quite a while now I have understood its pros and cons.
Pros -
Great user interface makes it easy to place an order and get the work done in a minute.
Options to create many watchlists where I can add different stocks to monitor them on daily basis.
To see past performance of any stock Zerodha gives different chart options like a candlestick, line graph and so many more.
Zerodha is a discount broker and so the charges are minimal compared to other brokers.
Once you open a Demat account with Zerodha you can start investing or trading in stocks, bonds, gold bonds, mutual funds and commodities. It is one platform for everything.
The best thing I like about it is to be able to create GTT. This feature is useful when you want to place an order when the market is closed. With GTT the order is recorded and as soon as the market is open, it is placed and the transaction is done.
Cons -
To detail review our investment we need to login to the console which then breaks down our portfolio to give complete detail. It should have been in the app itself.
Changing your bank account is not very easy. It needs to be provided in the app itself.
Overall I will recommend using Zerodha than other brokers as it is constantly improving the user experience & you will surely get benefit from it.