Key Points

Zerodha experienced a major trading platform outage that left thousands of users unable to execute orders during market hours. Users quickly took to social media to express frustration, with many reporting financial losses due to the technical failure. The platform later sent updates confirming the issue had been resolved and apologized for the inconvenience. This marks the second significant outage in recent months, raising concerns about the platform's reliability during critical trading periods.

Key Points: Zerodha Trading Outage Users Report Losses Amid Glitches

  • 88% of user complaints involved trading issues during platform outage
  • Users reported pending orders and financial losses amid market volatility
  • Zerodha assured users the technical glitch has been resolved
  • This marks second major outage in recent months after September incident
  • Social media flooded with complaints about recurring platform failures
2 min read

Zerodha faces outage, users report losses amid glitches

Zerodha faces major trading platform outage leaving users unable to execute orders, with many reporting financial losses during critical market movements.

"Zerodha was down today, and I lost money because of their error. This glitch is happening way too often - X User"

New Delhi, Oct 6

Stock trading platform Zerodha faced a major outage on Monday, leaving thousands of users unable to trade.

According to Downdetector, 88 per cent of complaints were related to trading issues, while 13 per cent pertained to the website.

The platform experienced a sudden surge in problem reports, which Downdetector flags when incidents exceed typical volume for that time of day.

Users quickly took to social media platform X to voice their frustration.

Amid the chaos, one user wrote on X, “Zerodha was down today, and I lost money because of their error. This glitch is happening way too often, and it feels like the team has zero responsibility. Losing money due to their negligence is unacceptable.”

Another user posted, “Nifty hits 25,000 again. Zerodha: I’m going down.”

Another expressed anger at pending orders, writing, “Zerodha is down. My orders are pending. Wake up Zerodha and fix the issue immediately.”

A separate complaint highlighted deeper concerns, stating, “Looks like #Zerodha is gradually losing its edge. Support responses often miss the actual context -- replying without reading the query properly. I was referring to margin, not order execution. The lack of attention to detail is disappointing from a platform once known for its precision.”

Zerodha later sent updates to affected users, assuring them that the problem had been resolved.

The message read: “Some of your orders would have shown under the pending status. The issue is now resolved, and you can check the updated order status on Kite. We regret the inconvenience caused.”

Meanwhile, in September this year also, the online brokerage was hit by the technical glitch which left users unable to view price updates on its Kite application.

The technical issue prompted a wave of complaints across social media on September 3, where users recalled similar instances in the past.

Following the complaints, Zerodha acknowledged the problem on the social media platform X, adding that order placement was not affected.

- IANS

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Reader Comments

R
Rohit P
As a day trader, these outages cost us real money. When Nifty was hitting 25,000, I couldn't exit my positions. Zerodha should compensate users for losses due to technical failures. This is the third time this year!
A
Arjun K
While the outage was frustrating, I appreciate that Zerodha resolved it within a few hours. No platform is perfect, and they've been transparent about the issue. Let's hope they learn from this and improve their systems. 👍
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Sarah B
As someone who switched from traditional brokers to Zerodha for better technology, this is disappointing. The support team's generic responses don't help either. They need better customer service training and more robust systems.
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Vikram M
Zerodha was the pioneer in discount broking, but now competitors are catching up. If they don't fix these reliability issues, many users might migrate to other platforms. Time to consider having a backup broker account!
K
Kavya N
The timing couldn't be worse with market volatility. I understand technical issues happen, but Zerodha should have better contingency plans. At least send SMS alerts when there's an outage instead of making users discover it themselves.

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