Is Zerodha Streak free? Algo Trading Platform

Short Answer

Zerodha Streak was launched; it was completely free, but not anymore. Right now, you need to pay a fee for using the Zerodha Streak.

Detailed Answer

Zerodha is a popular stockbroker of India which offered several trading platforms such as Zerodha Kit, Zerodha Pi, and so on. As a leading discount broker, Zerodha often collaborates with smaller startups and various Fintech products, one such example is Zerodha Streak.

The software is known for its amazing performance, speed, a lot of essential features, and so on. However, here in this article, we are not going to discuss those; rather we are going to know if Zerodha Streak is free or not? So let's get it started.

Is Zerodha Streak Free?

Zerodha Streak was once completely free, but its not so now. So, you have to pay a fee for using the Zerodha Streak. However, it offers a free 7 days trial plan that allows more than 50 backtesting and 5 algorithms facility.

If one wishes to use the Zerodha Streak even after the 7 days trial period, then you need to purchase one of their paid plans. Currently, Zerodha Streak is offering 3 subscription plans namely Basic, Premium, and Ultimate. Let us now see their price along with some of their key features.

1. Basic Plan

The basic plan of Zerodha Streak offers 25 live deployments, 5 entry and exit conditions, 70+ technical indicators, and so on. Apart from that, the basic plan also gives you access to run 200 back tests daily. The price for the basic plan is 500+GST for each month, which can also be paid directly from your Kite account.

2. Premium Plan

The premium plan of Streak offers 50 live deployments, 7 entry and exit conditions, 70+ technical indicators, and so on. Apart from that, the premium plan also gives you access to run 500 back tests daily. The price for the Zerodha Streak premium plan is 900+GST for each month, which can also be paid directly from your Kite account.

3. Ultimate Plan

The ultimate plan of Zerodha Streak offers 100 live deployments, 10 entry and exit conditions, 70+ technical indicators, and so on. The premium plan also gives you access to run 1000 back tests daily. The price for the the ultimate plan is 1400+GST for each month, which can also be paid directly from your Kite account.

Important Note

If you purchase their quarterly, biannual, or annual paid plans then you will get 10%, 20%, and 30% discounts respectively. Also while purchasing any of their paid plans; you must remember that all of their plans are non-refundable in nature. So, even if you cancel or downgrade your subscription in the middle of a billing cycle you will not get any kind of refund for the remaining periods.

Zerodha Streak Review

So we hope you got the answer to your question, which was Is Zerodha Streak Free? Zerodha Streak can be one of the useful trading platforms for those who are looking to create, back tests, and deploy their technical strategies with zero coding skills. As you can see, even though at the initial stage, it is not free, now you can only use their 1-week trial plan before purchasing one of their paid plans.

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Related FAQs

Is Streak free for Zerodha users?

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.

Can I automate my trading with Zerodha Streak?

Streak is an online Options trading platform that helps Derivative traders to, create, backtest and deploy their own option strategies in the live market. Streak also provides Algo trading to its users without the need for any coding. This automates the process of trading to a large extent.

Is Sensibull free option trading platform?

Sensibull is not a complete free website for option trading but it does offer some free features and also a 7 day free trail. For more details read through the expanded version.

Does Zerodha provide Virtual Trading?

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.

Why do people prefer Zerodha over other discount brokers in India?

The popularity of Zerodha has grown manifolds in recent times, all thanks to its simple trading tools, low and effective broker charges, Zero opening charges, and an all-round package for investors looking for a reliable and effortless trading platform.

Is Quantsapp Options Analytics platform free to use?

Quantsapp is an online Options analytics platform that provides many tools and features to option traders. It is free to use, but not completely. There are two price models that it offers at present. Both of them provide access to different features and tools. This gives an individual to choose anyone according to their preferences.

Is Opstra options Analytics platform or app free?

Opstra Definedge is an Options analytics platform that provides various tools and screeners to find out the most effective strategies and implement them. Opstra is an excellent platform for beginners as well as advanced options traders who want to build new Option trading strategies and backtest them. Opstra provides many features such as Options Backtesting, Options Simulator, IV chart, OI (Open Interest), and much more.

How to create strategy in 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.

How much money can you gift tax free to a family member tax free in India?

There is no limitations on the amount of money that can be gift tax free to a family member in India. But, it is essential to check rules and regulations for whom does the clauses apply and whether all kinds of gifts are allowed or not.

How to withdraw money from Zerodha Trading Account?

To withdraw money from your Zerodha trading account, you need to place a withdrawal request by logging into Zerodha Console. Withdrawal of money is completely free. As per regulations, the withdrawal money will be credited only to the bank account which is mapped with Zerodha.