Zerodha Kite Review: Web & App Trading Platform
Despite being a bootstrapped startup to dwell into the stockbroking industry, Zerodha has vastly transformed itself into the most extensive stock broking company in the country. Founded in August 2010, Zerodha offers a wide range of services at a low brokerage cost. These services include trading in commodities, equity, Equity F&O and currency F&O segments at MCX, BSE and NSE. The company also offers mutual funds and depository services.
Being one of the most innovative stockbrokers and the best discount brokers in the country, the company has significantly invested in technology to make trading convenient, safer, faster and cheaper. For the same, it has a web platform and a mobile application developed under the name of KITE.
What is Zerodha Kite 3?
Zerodha Kite 3 is the latest iteration of their Kite online trading platform which supports all forms of traditional trades such as a commodity, F&O, equity and more. It also offers mobile and web-based trading services.
The brokerage fee of Zerodha is around 20 rupees for intraday trading and F&O trades. Though, the applications might be free, setting up an account will charge you 300 rupees with additional costs on maintenance fees to be paid annually.
The mobile version is available on iOS and Android platforms. The company even provides an ultra-flagship platform with a plethora of features such as live-streaming marketing data, an elegant user interface, advanced charting, integration with third-party application and more.
Zerodha Trading Tools
The various mediums for trading under Zerodha are as follows:
1. Zerodha Kite Web
2. Zerodha Kite Mobile App
3. Zerodha Kite Connect API
And here, we'll be discussing Zerodha Kite Web and Mobile application both in detail.
Zerodha Kite Web
Zerodha Kite web is an online tool designed and developed by Zerodha to give traders a unique experience in trading. To access the web-based trading platform of Zerodha, then head onto kite.zerodha.com. Its accessibility isn't dependant on any installation or software of your system. It's online and is widely supported by all major web browsing applications such as Internet Explorer, Chrome, Firefox, etc. there are extensive features in this platform as well such as universal search, multiple order placement, live market data and much more.
Zerodha Kite Web: Features
Have a look at some of the important features of Zerodha Kite Trading Platform
1. Multilingual Support
The application supports well over ten different languages to help users use the app based on their native language.
2. Multiple Market Watchlist
The tool provides five market watchlist and users have the feasibility of adding 50 stocks in a single watchlist. Altering of the scrips in terms of adding/deleting them is all possible.
3. Universal Instrument Search
Searching for commodities is a relatively seamless and easy process. Users can search from all instruments such as commodities on MCX, stocks and F&O contracts all through the search bar.
4. Zerodha Kite Charts
The online tool provides an extensive array of charting features such as 20+ drawing tools, timeframe change, comparison of scrips, 100+ indicators for technical analysis, six charts and more.
5. 20 Market Depth and 3 Level Data
The number of scrips that you have added on your watchlists showcases the order, price and quantity for both selling and buying with 20 market depth helpful for checking liquidity.
6. Zerodha Kite Fund Transfer
Customers can use this feature to add funds to their Zerodha trading account either through UPI or directly from their bank account. Head to the "add funds" section to add respective funds into the account.
7. Zerodha Kite Trade from the Chart
The particular feature helps in placing orders directly from the charts on the platform. The user can drag the prices up or down to determine their investment criteria.
8. Interactive, Sleek and Elegant UI
The entire user interface is designed in such a manner that it's easy for beginners and experts to trade effortlessly without any hassles. Navigating through the software helps in getting familiarized with software.
9. Zerodha Kite Products
There are different products that Zerodha offers on its trading platforms as per your requirements. These include MIS, CNC, CO, BO and AMO.
10. Zerodha Charting
Zerodha offers two charting options that are free to use. One is a trading view, and the other one is ChartIQ technical charting. The trading platform has a default setting to ChatIQ, but users have the feasibility of changing it to Trading view under the "my profile" section.
11. Zerodha Kite Orders
There are different options for users to place orders. These orders include limit orders, market order, SL-M (stop loss market) order and SL (stop loss) order.
12. Zerodha Kite GTT
GTT stands for “Good Till Triggered” which means to say that if you buy a particular stock and set it to a designated amount and if it reaches that stage, the stock will be automatically exchanged. The feature is free to use on the platform, and the validity of GTT orders is for 365 days.
13. Zerodha Kite Portfolio
Users who wish to check their portfolio comprising of different investment in stocks, F&O contracts, commodity, mutual funds, commodities and more under the "holdings" section of the web-based platform.
14. Browser Notification
The tool provides browser-based notifications. These alerts are based on the trade executed, pending orders, order history, fluctuation of your targeted stock prices and more.
15. Keyboard Shortcuts
Users have the flexible option of executing specific actions a given set of shortcuts on the web-based trading platform. Accessing several features of Zerodha Kite web tool is feasible through these shortcuts.
Zerodha Kite Web: Key Highlights
1. Greater Control to Investors
A key highlight is the control of investors about what they wish to do in trading. Users can carry out all their trades as and when they wish. There is no waiting period, but everything is smooth and buttery to help users in making their trading affair as manageable as possible.
2. Elimination of Middleman
One beneficial factor of using this platform is the elimination of the middle man. There is no subdivision to profits. What you see is what you get. You can trade virtually with your skills and knowledge.
3. Faster Transactions
All thanks to the advent of net banking, users can cash out as and when they please. Also transferring any particular sum of amount from one account to another is a breeze of a task.
4. Convenient
Getting started with trading is simple and straightforward. There is no hassle in logging in and using the web-based interface. Simply enter your user ID and password and start trading.
How to Use Zerodha Kite web?
- Head onto kite.zerodha.com
- Enter your User ID and password provided by Zerodha. One can change the password upon successfully opening an account.
- Finally, enter your trading PIN and you are logged into the trading tool.
- Add new stocks by searching for them from the search bar and add them by clicking on +.
- Then you can either sell or buy new stocks from the BSE and NSE.
NOTE: It's essential to sell the stocks before 3:20 PM as all the stocks would be squared off at that particular time.
Zerodha Kite Mobile App
Zerodha Kite app is a wholesome take on trading on the go, which allows for seamless trading activities to be carried out on the go. The application provides users with several features such as funds transfer, multiple market watchlist, charting, dashboard and more. The app can be downloaded from the play store and the app store free of charge.
Zerodha Kite App: Features
1. Universal Instrument Search
Users have the freedom to search from 90,000+ F&O contracts and stock across multiple trading exchanges with a single search. With almost zero latency, search for your favourite derivatives, stock, bonds, metals and more.
2. Level 3 Data
Users can avail level 3 data which gives them more information that they could ask for. It allows for a sound investment to be carried out all based on the data provided and improve strategic implementations in intraday trading.
3. Sleek User Interface
The entire UI is designed to make the nominal trading experience better. With a few simple clicks, buy, sell, manage stocks, access your portfolio effortlessly.
4. Advanced Charting
More than 100 technical indicators that help to alter the charting experience and its interface. Avail extensive data for F&O contracts and stocks.
5. GTT Orders
GTT orders can be placed wither to enter or exit that stock holdings until and unless your price condition are met. Simultaneously stop loss and target pricing on your stock holdings.
6. True P&L
Your portfolio is well updated with all the breakdowns of corporation actions, transfer, slips and more. All breakdowns can be kept track of and viewed effortlessly.
Zerodha Kite App: Key Highlights
- Embedded console widgets and reports.
- Great speed and improvements.
- Biometric security (fingerprint and Face ID)
- Instant updates for the placement of order.
- Universal screen for all instruments.
- Extended filters and search options.
- Dark mode.
- Multi-MarketWatch customizability views.
- Availability of trading view and ChartIQ trading charts.
- Zerodha Kite Connect API
If you're a programmer, then you're in luck as Zerodha offers API access to alter your trading experience. With kite connect API, traders/users can adjust the codes with relevant coding platforms to control funds, orders, live quotes of the market, the position of stocks and more. Though it's not free, it costs 2000 rupees per month on subscription-based accessibility.
Zerodha Kite: Final Review
Zerodha has revolutionized the way a common man trades in the stock market with its deep integration of technology and innovation. Zerodha Kite web and mobile applications are lightweight, easy to use, multilingual, informational tools helping traders and investors all across the nation to trade effectively.
Zerodha Kite allows you to sell shares either at market order or by placing stop loss. The order will be executed at the best available price.
To login Zerodha Kite, you have to enter your Login ID and password. Before that, you must have a demat and trading account with Zerodha to have complete access to its stock trading platform.
Zerodha is Indias largest discount broker in terms of the trading volume. Here you can create your own wishlist on the Kite application. The kite application is the trading terminal provided by Zerodha which is free to all its clients. The following steps can be followed to add the stocks to your watchlist.
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.
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 dividend history can be checked through the Zerodha console or Zerodha Kite app . For that you will have Go to the Profile section, and the tap on Portfolio in the Console menu. Then tap on the desired stock and then tap on View dividends .
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 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.
There are several apps that are perfect for beginners. These include Zerodha Kite, 5paisa mobile app, Upstox trading app, Sine, and many others.
Trading in the stock market is a pretentious task given the ups and downs it brings to the table. But for traders, brokerage firms have made life simpler and more comfortable to execute relevant trades more straightforwardly. For the same, we have Bracket Orders (BO) from leading stock brokers like Zerodha that helps in keeping a constant tab on the selling and buying of stocks on pre-determined specifications.