Zerodha Sentinel Review
Zerodha Track Record Of Best Online Stock Broker In India
Zerodha Sentinel Review and Charges
Zerodha Sentinel is another platform launched by the company. This is launched with the purpose of helping the traders to invest in the market with complete efficiency and to earn maximum profit. The name “Sentinel” has been taken from the Italian word “Sentinella” which means a guard or soldier that consistently keeps a watch on people. In other words, Sentinel helps the traders to keep an eye on the market movements and provides notifications when certain conditions are met.
This software provides notification on any triggers added by the trader in the Sentinel Platform. It allows the traders to set up various triggers based on the live market fluctuations. It is a great tool for the traders and investors since it is very difficult to keep an eye on the market’s fluctuations all the time.
An individual can set different triggers based on the strategy the trader or investor is following. As soon as a particular condition is triggered, the notifications are sent instantly through the email at the same time.
Features of Zerodha Sentinel
Zerodha Sentinel is a trigger web-based platform that simply provides trigger notifications whenever certain conditions are met. The key features of the Zerodha Sentinel are as follows:
• The traders can set multiple triggers. This service is available for both the free and paid version customers.
• 30 different types of triggers can be set up in the free version of Sentinel.
• The pro version of Sentinel gives you the option of setting advanced triggers. These triggers are set up based on arithmetic expressions and performing some simple coding.
• Advanced triggers are set up based on the different functions and trading attributes.
• The usage of highly sophisticated measures helps to keep this software secure and make it a highly secure platform.
• The chances of getting hacked is less or zero since it is almost impossible for hackers to hack information from this web-based platform.
• This Platform comes with a Zerodha Sentinel Pro version which is chargeable but provides more options.
Setting up Zerodha Sentinel
The customer can set up Zerodha Sentinel by logging in the Zerodha’s Sentinel Platform. If any individual already carries a Zerodha account, then he/she can login to Sentinel directly by using Zerodha Kites Account credentials.
Once the customer will log in, he/she will be asked a few sets of questions to set up a trigger. An individual can set up to 30 triggers monthly for free of 1 data Point.
The subscription is available in three types as: Monthly, Half-Yearly and Yearly. As per the requirement of an individual, the customer can buy a subscription or use it for free.
Step by Step Guide to setup Zerodha Sentinel
1. Start with a condition such as “when the open price, close price, etc.”
2. Select a stock from which you are wishing to get the alert
3. Move on by selecting on the range like “if the stock reaches lower than, higher than etc.”
4. Provide a value that is when the stock reaches that number, trigger will happen
5. Create a Trigger name
Pricing of Zerodha Sentinel
The customer gets 30 triggers set-up monthly for free along with the Free version of Sentinel.
The customers can own a Zerodha Sentinel plus subscription for Rs. 40/ month and Zerodha Sentinel Pro subscription for Rs. 160/ month.
A new user gets Zerodha Sentinel Pro free for the first 7 days.
In the financial market there are lot of traders who trade based on the employing various strategies. As the different conditions meet different positions needs to be entered.
Since it is much difficult to monitor the market fluctuations at all the times and are to be in front of the trading terminals at the time of meeting up of the conditions.
As a solution to this problem, Zerodha has developed the Sentinel, that provides notifications at the triggering of various triggers. The notifications are provided in the application itself via Kite and through email.
The productivity and the profitability of the traders can be improved by the use of Sentinel platform. Multiple triggers can be set up by the use of this platform. Thus, by using this software the customer can make their trading business a success.
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.