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Zerodha Currency Brokerage & Currency Trading in 2022 | Trading Time

Zerodha Currency Brokerage 2022

Zerodha Brokerage

With the start of 2022, we thought of making you learn about some new markets. Many of us have heard it already but never thought of exploring this segment due to less knowledge. To trade with foreign currencies open the door to making a profit if you’re able to spot the right opportunity. Therefore, in this article, we will cover in brief the understanding of Currency Trading and Zerodha Currency Brokerage charges in 2022.

As the name suggests currency trading, means you always need to deal in pair of currencies while trading in this market. This market involves participants from around the world. Under the Indian scenario to trade in the currency market, is to take a position on a currency pair. For instance, the INR/USD rate represents the number of Indian rupees required to buy one US Dollars. If you think the US Dollar price will increase in value against INR, you buy US Dollars with Indian Rupee.

Also Read What is Commodity Trading in Zerodha? | How Does Commodity Trading Works?

Factors Determining Exchange Rate

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A country’s exchange rate is determined based on demand and supply for the country’s currency in the international forex market. Above all, this demand & supply is influenced by several factors directly or indirectly by interest rate, inflation, trade balance, and economic & socio conditions of the country. Sometimes, the level of confidence traders have in a currency also plays a crucial role in a price increase.

Also Read How to Buy Debentures in Zerodha (Kite & Coin App)? – A Complete Guide

Zerodha Currency Brokerage in 2022

Here is the charge list for Currency Segment for the Zerodha account:

Zerodha chargesCurrency futuresCurrency options
Brokerage0.03% or Rs. 20/executed order whichever is lower0.03% or Rs. 20/executed order whichever is lower
STT/CTTNo STTNo STT
Transaction Charges on NSEExchange txn charge: 0.0009%Exchange txn charge: 0.035%
Transaction Charges on BSEExchange txn charge: 0.00022%Exchange txn charge: 0.001%
GST18% on (Brokerage + transaction charges)18% on (Brokerage + transaction charges)
SEBI charges₹10 / crore₹10 / crore
Stamp charges0.0001% or ₹10 / crore on buy-side0.0001% or ₹10 / crore on buy-side
Source: Zerodha

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Trading Time

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Usually, Currency Trading happens between 9 am and 5 pm on NSE, BSE, and MCX-SX.

Also, Read What is MCX in Zerodha? – Charges & Trading Time | How to Activate?

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