Is Streak free for Zerodha users?
- Asked By
- Updated On:18-Apr-2021
- Replies:1
Short Answer
Streak is an online Options trading and Algo trading platform introduced by Zerodha in 2018. it was Free at the time of launch to Zerodha users but that was a limited-time offer and soon Streak started charging for subscriptions also for Zerodha users. But Zerodha users get a 7 day free trial period on Streak posy which one will have to choose a plan as per their needs to continue using Streak.
Detailed Answer
Introduction-
Streak is an online Options trading platform that lets the users create, backtest and Deploy Option Strategies in the Live market. It also offers Algo trading to its users without coding. Streak was launched by Zerodha in 2018. It has been updated since then with various new features.
Is Streak Free for Zerodha users?
No!, Streak is not completely free for Zerodha users. It was given free in the introductory offer when it was launched in 2018 but now it is no longer Free for Zerodha users.
Although, Zerodha provides a 7 days Free Trial of Streak where one can backtest up to 50 trading strategies per day and deploy up to 5 Strategies in one single day. After the 7 days trial, one will have to subscribe to the different plans that Streak offers.
Charges-
Streak offers 3 levels of Subscription that is available-
- Basic
- Premium
- Ultimate
All these plans offer different features. The charges are explained in detail in the picture below-
As seen above Streak offers 3 levels of Subscription, the Basic plan costs Rs 500 per month excluding GST, the Premium package costs Rs 900 per month and the Ultimate plan costs Rs 1400 per month Excluding GST. The features offered in the three are different so one could pick a subscription according to their needs.
Conclusion-
Streak was free for Zerodha when it was launched but, it is no longer free for Zerodha users. Although Zerodha users can use their bonus points to redeem the “Streak Premium” subscription with 900 points for 1 month and “Streak Ultimate” for 1400 points.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (0)
Zerodha Kite is the best app for options trading in India. It is the preferred option among all traders due to its superior features and tools.
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.
Although everything the Stock broker offers is fantastic, there are a few downfalls of using Groww. These include the exception of trading in the commodity segment, doesn’t have a savings account in 2-in1 accounts that it offers, popular financial tools such as cover orders bracket order aren’t available, and more.
For placing a BTST order via Zerodha Kite, the process is quite simple. You can follow the same steps as to how you might place an order on Zerodha Kite. However, when you buy or purchase a stock, you will have to select the “CNC product type” option in the buy order popup.
While looking for a discount brokerage firm for my requirements(Long term investments, intraday investments, F&O investments), I came across Wisdom Capital Discount Broker in India.
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.
You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.
Zerodha Streak was launched; it was completely free, but not anymore. Right now, you need to pay a fee for using the Zerodha Streak.
Head into your Zerodha Streak account, then click on the create option, following which enter all the fields of your choice. Click on the finish button to execute the scrips in your trading strategy.
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.