Does Zerodha provide Virtual Trading?
- Asked By
- Updated On:29-Apr-2022
- Replies:1
Short Answer
No, Zerodha does not offer a virtual trading platform to its clients. However, if you want to access simulated trading, there is a platform called "Streak", a partner of Zerodha. Zerodha's trading platform is primarily aimed at engaged market participants.
Detailed Answer
What is Virtual Trading?
Simulated stock trading is a type of trading in which you can buy and sell securities, but no actual money is involved in this case. You only spend fictitious money. Stock simulation models are platforms that provide virtual trading amenities.
When you sign up for one of these stock simulation software, you will be given digital money in your account. You can practice trading with this money. Stock simulators offer real-time stock statistics, allowing you to test different stock trading techniques in a risk-free environment similar to the real-world financial markets.
Is Virtual Trading available on Zerodha?
Zerodha does not offer its customers a simulated trading platform daily. On the other hand, the stock market holds mock trading workshops every month on a Saturday, and real-time ticks can be seen on the Zerodha kite on that day.
If you are new to trading, you can benefit from running a practice trading session and learning how to initiate orders.
What are different virtual trading platforms?
There are many different virtual trading websites available to traders:
1. Moneybhai
Moneybhai is available on Moneycontrol's webpage. It is a free trading platform where you will receive Rs 1 crore digital cash upon enrollment to engage in shares, commodity markets, mutual funds, or fixed deposit accounts.
2. TrakInvest
TrakInvest also allows users to track other market participants and delve deeper into their trading volumes (portfolio), where you can recreate their transactions using the 'Duplicate Trade' feature.
TrakInvest offers a straightforward and user-friendly platform for 'Social' simulated trading for novices.
3. Dalal Street
Dalal Street Investment Journal (DSIJ) is a popular digital stock trading provider in India that makes you understand trading subtleties and check your investment strategies.
You'll receive Rs 1,000,0000 in virtual cash when you sign up to start building your portfolio. In the discussion forum at DSIJ, you can also talk strategy with other participants who share your interests.
Virtual Trading: What to discover?
Virtual trading provides the perfect platform for market participants to test new strategies without risking their cash. Every month on Saturday, Zerodha hosts a virtual trading session to demonstrate the influence of virtual trading on its platform.
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Discussion (0)
Options Trading as a trend is on the rise these days and is gathering more Retail attention. Due to this, the Option Trading platforms which provide tools for options traders are equally in high demand. Quantsapp and Sensibull are two of the prominent players in this field. Identify what are the differences, similarities, and which one to choose among the two.
Zerodha is an Indian discount stock broker which provides various services to its customers. Zerodha is a paid platform with Rs 200 as account opening charges and their brokerage rates are different for each segment which are discussed in detail.
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
In this current day and age, options trading has become the new cool thing that everyone wants to try. There are many option trading platforms out there that provide various Option trading tools. Sensibull and Opstra Definege are 2 of the most prominent names in the industry.
Both of them provide all the necessary tools like OI (Open Interest) Charts, PCR (Put-call Ratio), IV (Implied Volatility) chart, etc. But the main question lies, which one of them is a better platform for Options trading. Let's find the answer to that question.
Zerodha is one of the best discount brokerage firm based in India. It provides a wide range of financial services to investors and traders.
Virtual trade is a feature in Sensibull which allows the users to be educated about option trading by trading in real stock scenario with real money. Sensibull will also helps the users to learn about trading in much detail.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
If you're looking for a straightforward and comprehensive take on options trading, then Sensibull should do the job perfectly. However, if you're and expert and want more complex trading tools, then Opstra is the one to choose.
Zerodha is India’s number one broker in terms of active clients and also by trading volume. Zerodha offers many platforms to its clients to trade on. ‘Zerodha Pi’ is one of Zerodha's most advanced platforms that allows you to backtest and create various Algo strategies.
Zerodha was launched in 2010 in India. Since then it has attracted almost 2.5Mn users due to its features and modern products.