Zerodha Mobile App Review - Features, Demo, Download
Zerodha Track Record Of Best Online Stock Broker In India
Zerodha Mobile Trading App Review (Features, Guide and Demo)
Zerodha is the prominent name in the stock broking industry mainly due to the different online initiatives that have been taken up by the Stock broker. It is not only considered as the king of the discount broking space in India but also it has come up with different trading experiences like (Zerodha Kite, Zerodha Pi), algorithm- based technical analysis tools (Zerodha Streak) and educational portals (Zerodha Varsity) for a completely different genre of clients.
Zerodha provides three mobile apps- Zerodha Kite app, Zerodha Coin and Zerodha Varsity to its customers. Zerodha Kite app is a trading app that provides its customers the service to trade from anywhere. Zerodha coin app is designed to facilitate its customers with the online mutual fund investments and Zerodha varsity provides stock market education to its customers.
Zerodha has invested significantly in providing its customers the access to various third-party trading software.
Kite – Zerodha’s in-built trading platform
Zerodha’s product Kite app is an intuitive, light-weight and powerful application. This application is built in-house and is the simplest trading app available in Indian Stock Market.
Kite app provides the services like full market watch, extensive charts with 100+ indicators and advance order type (BO&CO). It includes all the advanced features that are required by the advanced trader.
Important Features of Zerodha Kite platform are:
1. This app is available in 11 regional languages and thus makes itself a multilingual trading application.
2. It has a responsive design that makes it work smoothly on a mobile web browser.
3. The customer can easily transfer funds and withdraw just in a click.
4. It offers various product types:
• CNC (Cash and Carry)- These are the delivery-based equity trades.
• MIS (Margin Intraday Square Off)- These are the trades in the Equity and F&O.
• NRML (Normal F&O Trades)- These are the Intraday or overnight F&O trades without additional leverage.
• Bracket Orders- These are the Intraday limit orders (NSE, F&O) with a target and stop-loss and an optional SL all placed simultaneously.
• Cover Orders: These include Intraday market orders (NSE, NSE F&O), Currency, and MCX) with a pre-determined stop-loss order.
• AMO (After Market Orders)- These are the orders for the next trading day the previous day itself.
5. There are some order types that are followed:
• Limit Order (LMT)- It means buy or sell order at a predetermined price.
• Market Order (MKT)- It means buy or sell order at the next available price.
• Stop loss or trigger (SL and SL-M) order- Stop loss if placing a predetermined loss booking order at a trigger price.
Kite app Android- It is the mobile trading application designed as a part of the Kite trading platform. The Android app for the same is way simpler to use, intuitive, powerful and fast. This app helps the customers to trade anywhere and at any time using their smartphones.
Zerodha customers can trade in equity, derivatives, currency derivatives and commodities by using this Zerodha mobile app.
This kite trading application is available for free to all of its online customers.
Key Features of the Zerodha Kite Mobile App
The Kite Mobile trading app offers all the features that are available on the Kite web. The key features of the application are explained below:
1. Online Trading: It gives you the opportunity to trade online via mobiles, Tablets, or iPad. You can trade online in –
• Equity Delivery Trading
• Equity Intraday Trading
• Equity Derivatives Trading (F&O)
• Currency Derivatives Trading (F&O)
• Commodity Derivatives Trading (F&O)
2. Availability of Advance Orders- It includes Bracket Orders (BO), Cover Orders (CO) and After Market Orders (AMO).
3. Market Watch: The customers can market watch along with the streaming quotes.
4. Multiple options: The customers have five market watch lists along with the twenty scripts in each one of them.
5. Accessibility: The customers have the access to level 3 data or 20 market depth.
6. Chart: It has years of charts with 100+ indicators.
7. Live Market Depth: The customers can view live market depth that includes 5 bids and offers.
8. Fund Transfer: The customers can easily transfer funds and withdraw Equity and commodity accounts online.
9. Account records: It facilitates customers to view their account balance, used margin and exposure margin.
10. Manage portfolio: The Application manages your portfolio by holdings and positions in separate tabs.
How to use Zerodha Kite Mobile App?
This application by Zerodha offers a range of essential and advanced features to traders. It suits all types of traders. To make you understand the various features of the application and use it optimally let us have a look at how to use this application.
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.