# Will zerodha waive off Account opening charges?
**URL:** https://tradingqna.com/t/will-zerodha-waive-off-account-opening-charges/98501
**Category:** Zerodha
**Created:** [December 25, 2020, 7:53am UTC](https://tradingqna.com/t/will-zerodha-waive-off-account-opening-charges/98501 "2020-12-25T07:53:01Z")
**Posts on this page:** 3
**Page:** 1
### Author:  [@Maverick\_Shrader](https://tradingqna.com/u/Maverick_Shrader)
#### Post date: [December 25, 2020, 7:53am UTC](https://tradingqna.com/t/will-zerodha-waive-off-account-opening-charges/98501/1 "2020-12-25T07:53:01Z")
Hi!
While browsing through a website called select by finology which compares various brokers I found something interesting:
Many brokers except zerodha have waived off their account opening charges which leaves me with 2 questions
1. Is it really sustainable for discount brokers?
2. Will zerodha do the same?
While other brokers may not be technologically similar to zerodha but upstocks is one which is giving competition to zerodha with pricing almost similar and no account opening charges.
What do you think?
@nithin
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### Author:  [@nithin](https://tradingqna.com/u/nithin)
#### Post date: [December 26, 2020, 7:30am UTC](https://tradingqna.com/t/will-zerodha-waive-off-account-opening-charges/98501/2 "2020-12-26T07:30:06Z")
> [@Maverick\_Shrader](#):
>
> Many brokers except zerodha have waived off their account opening charges which leaves me with 2 questions
>
> 1. Is it really sustainable for discount brokers?
> 2. Will zerodha do the same?
>
> While other brokers may not be technologically similar to zerodha but upstocks is one which is giving competition to zerodha with pricing almost similar and no account opening charges.
>
> What do you think?
There is a cost of onboarding a customer, we charge an account opening fees to recover it. Also by having an account opening fees, we ensure there is an intent from the customer to do something with a trading/demat account. Just opening an account doesn’t help the business.
Btw, I don’t think other brokers are technologically or similar in any other form, apart from the pricing model. Check this.
> [@Why Zerodha with Nithin - Episode 1](https://tradingqna.com/t/why-zerodha-with-nithin-episode-1/95558):
>
> Hey everyone, we’re starting a new series called [Inside Zerodha](https://zerodha.com/videos/). The idea with the series is to you give you a window into everything we are doing at Zerodha, talk about all our products, answer queries that you might have about using our platforms, give you a window into what it takes to run a brokerage and more. [In the first video of the series](https://youtu.be/uH4ZEen-g2Q), Nithin talks to Prateek Singh, the founder of [LearnApp](https://learnapp.com/) about: The origins of Zerodha The initial years and the challenges How the regulatory landsc…
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### Author:  [@Maverick\_Shrader](https://tradingqna.com/u/Maverick_Shrader)
#### Post date: [December 26, 2020, 8:24am UTC](https://tradingqna.com/t/will-zerodha-waive-off-account-opening-charges/98501/3 "2020-12-26T08:24:00Z")
Thanks for the clarification.