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No — Zerodha is a real business. But the scam reports around it are under active investigation, and if you lost money to someone using its name, that is exactly what we investigate.
Send this to Forensics Source GroupZerodha is India's leading discount stockbroker (Zerodha Broking Ltd, Bengaluru, est. 2010) — debt-free, SEBI-registered, and #2 by active clients — with complaints that are service friction, not fraud These are the facts that check out on public registers — the complaint record is what our review is still working through:
Checking out is not the same as closed: the complaints against Zerodha are under active investigation, and none of the facts above protects you from a fake. Most 'zerodha scam' searches trace to impersonators, not the platform itself — the ones that don't are the reason we investigate.
One more thing before you deposit: the complaints around Zerodha are under investigation — by us, not by a regulator. The honest risk read: the standard friction of India's largest retail platforms — account-classification errors, support queues. The genuinely dangerous pattern around this brand is impersonation: fake “Zerodha” WhatsApp and Telegram groups harvest deposits from people who believe they are opening accounts. That is a separate fraud and it is the reason this page exists.
Both feel identical from the inside. They are fixed by completely different routes — and the fastest way to tell them apart is to ask three questions.
If it is the real platform: your dispute runs through its formal complaints process, then the regulator or ombudsman. Slow, but it usually works. Open only at zerodha.com — never through a link, group or “relationship manager”. If someone claiming to be Zerodha asked you to deposit into a personal account or a different domain, that is impersonation fraud and the trail is investigable.
If it was an impersonator: you were never a customer of Zerodha at all. A clone site, a fake “account manager”, a lookalike domain — the money went to criminals, not to the platform. That is fraud, and speed decides what can be recovered.
The three questions: did you type the official domain yourself, or follow a link, advert or message? Did anyone contact you first? Were you asked to pay a personal account or a different domain? If any answer is wrong, treat it as impersonation — and start here.
No — Zerodha is a real business: SEBI registration INZ000031633 with NSE/BSE/MCX/NCDEX memberships and CDSL demat — corroborated across multiple confirmations, with DailyForex (2023) calling it “among the most trustworthy Indian brokers”. The scam stories you see online usually trace to fakes borrowing its name — and the ones that don't are part of our active investigation. But read the note above first — the business is real, and so are the caveats.
Yes — SEBI registration INZ000031633 (Zerodha Broking Ltd), member of NSE/BSE/MCX/NCDEX, CDSL demat participant. Verify on SEBI's register; complaints route through SEBI SCORES and the exchanges.
Almost certainly not. Impersonators borrow the name, the logo, even the licence number. The real company knows nothing about it. Keep every message, receipt, URL and wallet address — that evidence is what an investigation builds on.
The domain you actually used, the date, and whether it was a card, a bank transfer, or crypto. Or the name of the person who told you to pay. Or one screenshot. Where the same payment shows up from other people, those files can sit together as a class action. The first look is free.
Type the official domain yourself — zerodha.com — never follow a link from an advert, email or message. Then check the regulator's public register, which lists the firm's genuine website. If your domain differs by even one character, it was a fake.
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Forensics Source Group is not affiliated to this broker. We cannot close an account or confirm a balance. Write the date and how you paid.