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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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.
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.
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.
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.
Zerodha was incorporated in the year 2010 by Nitin Kamath, an entrepreneur. The idea behind the firm was to offer high quality services to a huge chunk of population at low cost, and Zerodha is very well known as pioneer of discount model in India.
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.
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.
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.
As Zerodha Kite is a mobile platform, you cannot connect it directly to Excel. To do so you will have to use Zerodha Pi, which is a web platform that runs on your PC. You can connect Pi to excel by following some basic steps.
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.