Zerodha Kite Review
Zerodha Track Record Of Best Online Stock Broker In India
Zerodha Kite Review
Kite 3.0 is a modern designed online trading platform that is in-house developed by the company. The online platform is built by using advanced technology to meet the needs of almost all the types of investors. The platform offers a range of features like charting tools, data widgets, integration with the third-party apps, etc. to make trading fluent.
Zerodha is a brokerage start-up and has shown a lot of innovations and Zerodha Kite is one of them. This platform is very minimalistic in nature. Unlike other trading platforms, which comes with resource hungry features, this platform comes with ultra-light and responsive design.
It is available on both web and mobile platforms. It consumes less internet and therefore the traders can watch the market at less data and this feature makes it more suitable for the traders with lower internet speed in small towns. It is because of all these reasons with good customer support Zerodha has become the largest stock broker of India taking over ICICI Direct.
Highlights of Zerodha Kite Product
The highlights of Zerodha Kite trading platform are:
• Universal Instrument Search
• Advanced Charting
• Accurate P&L reports
• Impactful Data Widgets
• Customer friendly User Interface
• Integration with other Investment apps
Features of Zerodha Kite Trading platform:
It offers multiple features for the traders of all categories. Zerodha has continuously evolved the platform over the time taking feedback from customers.
Important features of Zerodha Kite are:
• Floating Order Window
• Multiple market watches
• Streaming quotes
• Exit multiple orders/positions in one click.
• Browser notifications
• Multiple order types (Regular, CO, BO and AMO)
• Multilingual Support
• Place order directly from the chart.
• Multiple chart view
• Market depth view with streaming updates.
Zerodha Kite Charts
It is among the most important features of Zerodha Kite. Let’s discuss more about it in detail
• Trading from chart: This provides the facility of trading directly from the chart. It makes trading easy and the chances of mistakes remain avoided.
• Multi View Chart: The traders can view up to 4 charts in a single window.
• Study on different data sets: Generally, the default indicator is applied on closing price but Kite makes it possible for the traders to apply it to open high, low and even on the other indicator that is already added.
Kite Order types
The order types offered by the Zerodha Kite are:
• LMT (Limit) Order: Place orders at a predetermined price
• MKT (Market) Order: Place orders at the best available price.
• Stoploss (SL): It is for the orders with a predetermined price to be executed when the trigger is hit.
• Stoploss Market (SL-M): For orders when a market order is to be executed when a trigger is hit.
Kite Fund Transfer
It has a good fund transfer facility to deposit or withdraw the money from the trader’s account. The trader can deposit money using-
• Payment gateway
The Fund withdrawal requests can be placed in 'Q' i.e. integrated with Kite. Equity, F&O, and currency withdrawal requests are processed at 7 pm in evening on the other side commodity withdrawals are processed at 9 am on the weekdays. It takes 24 hours for funds to be credited to the trader’s bank account.
Pros and Cons of Zerodha Kite
• It is light in terms of resources hence the trading experience is best.
• Less internet usage makes it user-friendly.
• No subscription charges are charged.
• It has integration with other modules of Zerodha like Zerodha Varsity, Zconnect and Quant, etc.
• It is available in multiple languages to facilitate easy trading in the trader’s language.
• Fund transfer can be carried out as multiple banks are integrated with the application itself.
• It is available on mobile version as Zerodha Kite Mobile app and provides the customers on the trade go facility.
• Back testing of your strategies is not possible.
• Back Office is separate as with most of other brokers and is called Zerodha Q.
Frequently Asked Questions
Zerodha do not offer home pickup service of account opening forms. The customer is required to courier the forms at Zerodha Bangalore office. The forms can also be filled online.
Yes. Zerodha’s free Kite trading platform provides advance technical charts. The advance charts are provided by Zerodha are among the best in the Industry.
No, at present the investing in stocks is listed in foreign stock exchanges is not possible through Zerodha. If you are still wishing to invest in Apple, Google, Facebook, etc. then mutual funds are the easiest way.
Zerodha is completely an execution platform only. It does not provide any form of advisory or tips. We believe that traders and investors should make educated and informed trades based on the research and analysis.
Zerodha is an online discount brokerage model where only online trading services are offered to the customers or traders. It uses the latest and advance technology to serve its customers and has less branches and offices. The technology helps its customers to scale and reduce the operational cost which in-term helps them to maintain huge profits despite offering low-cost trading.
Zerodha charges an amount of ₹20 per executed order or .03% whichever is lower for equity, currency and commodity futures trading.
No, Zerodha does not provide the margin funding facility.
Yes, some of the services provided by Zerodha are free. It offers Mutual fund investment and brokerage free equity delivery trading. The brokerage fee for Intra-day and F&O trading is ₹20 per executed order or 0.03% (whichever is lower).
Yes, the BTST i.e. buy today- sell tomorrow facility is available in Zerodha. It allows the traders to sell shares before they deposit into your demat account on T+2 days.
Zerodha does not provide interest on the money that is held in the trading account. It does not accept any personal Fd’s as margin for trading.
Zerodha offers the service to place AMO orders. These AMO orders are placed after the market hours for the next trading day in advance. AMO (After Market Orders) allows the customers to place online buy/sell order before the stock exchanges are open for trading. The order timing for AMO order changes by the trading segment.
No, Zerodha doesn't offer any trading account on minor's name even if you are below 18 years, you can not open a trading account.
No. A customer can open only one trading account or demat account with Zerodha. You cannot open two trading accounts with same PAN number with Zerodha. Note: You can open other trading or demat account with the same name and PAN number with other brokers. But this can't be done with one broker because of SEBI regulations.
LTT in Zerodha stands for Last Traded Time. The last traded time shows when a particular share or contract was last bought or sold. It helps the traders to know the demand for a particular share on that particular day.
No, it is not compulsory to maintain a minimum balance in the Zerodha Trading account.
If the customer wants to change the bank account that is linked with their Zerodha account. The customer needs to submit the 'Account Modification Form' with a bank proof document. The steps to change the Zerodha bank account are: 1. Visit the Zerodha website 2. Move to the 'Download & Resources' section. 3. Download the 'Account Modification Form' 4. Fill the form, sign it and get a print out. 5. Attach the bank proof documents like bank statements, cancelled cheque etc., along with the form and send it to the Zerodha Bengaluru office.
Yes. Zerodha offers trading in forex but as per NSE we can trade only in USDINR, EURINR, GBPINR and JPYINR in India with any stock broker. You can trade in currency derivatives at BSE and NSE exchanges using the Zerodha trading account. The customer needs to enable the currency trading segment before starting the trading in currency.
CNC stands for Cash and Carry. It is simply a product code and if you use them to buy and sell shares on the same day, they will still be considered as Intraday trade. NRML (Normal) is used for overnight trading for futures and options.
In Zerodha the customer has to open a demat account along with the trading account. It does not allow linking of its trading account with a demat account from some other depository participant (DP). Note: • You can have multiple demat accounts if you want on your name with different brokers. • You can continue holding your Sharekhan demat account if you wish to do so. • You could transfer all your holdings in the Sharekhan demat account to Zerodha demat account at the time of closing the Sharekhan demat account. It is a simple process.
The Margin for Zerodha is reduced across all the segments including Intraday at BSE, NSE and MCX on 2 January, 2019. It is in line with the new margin policy introduced by SEBI. As per the policy, the brokers cannot offer ab additional margin to customers. The margins are now prescribed by the exchanges and are the same across the brokers.
Once you apply in Zerodha for opening an account, it takes 24-48 hours to get activated. Any kind of discrepancies in the submitted forms or documents can delay the account opening process.
An individual need to have 3 accounts i.e. Trading, demat and a bank account. Zerodha offers trading and demat account services to its customers. Trading account is required to place buy & sell orders and the demat account is required to hold all the bought securities in electronic form. The trading and demat account of the customer are linked to their bank account.
Zerodha is safe as any other stock broker in India. It is a genuine and the trusted stock broker and comes among the lowest risk broker in India. It is a debt free company and they only offer broking services. In the last 9 years, there is no single major violation has been reposted. Thus, it is the safest stock broker of India.
Zerodha offers truly brokerage free equity delivery trading and mutual fund investment. It charges flat Rs. 20 or 0.03% (whichever is low) per executed order for intraday trades.
Yes, Zerodha favorable for long term investors. Zerodha offers the Equity delivery brokerage at free. It automatically brings down the trading costs thereby helping a lot of money in the long term. It also offers commission-free direct mutual funds that results in additional earning of 1% yearly.
The SMS facility in Zerodha is optional and is charged at Rs. 1 per SMS.
You can place an MIS buy order in one exchange and the MIS short order in the other exchange. However, by the end of the trading day, both of these trades are required to be squared off individually on each exchange.
NFO stands for New Fund Offer. An NFO is the first time when a fund is offered for subscription by an AMC. The customer cannot invest in NFO through Zerodha Coin currently. However, you can buy NFO from the AMC directly.
All the orders will get squared off before the end of the day. IOC stands for 'Immediate or cancel'. It means that the order is executed as soon as it is released and in case the order fails to execute, then it is immediately canceled.
The Z Pin is the 4-digit telephone code. This is the customer’s personal identification number. This number is required to place orders through the call, trade desk and to raise support requests. Whenever the customer will call Zerodha customer support or call & trade desk, he/she have to authenticate themselves using the Z Pin code.
Yes, Zerodha offers trading in foreign exchange (currency). The customers can trade in currency derivatives at BSE and NSE exchanges simply by using the Zerodha trading account. The customer is required to enable the Currency trading segment before he/she start to trade in the Forex.
Discount brokers are the brokers that offers only online broking services to its customers and at a very low-cost. Zerodha discount broker uses the latest computer technology to offer online trading services to millions of customers. The brokerage charge for discount brokers are usually less than the traditional full-service brokers. Zerodha is an online discount broker.
The Zerodha is a depository participant of CDSL depository. This means it works as a service agent for demat account which is held by CDSL, one of the two central depositories.