Zerodha Trading Software Review - Features and Demo
Zerodha Track Record Of Best Online Stock Broker In India
Zerodha Trading Software Review
With more than 30+ lakh, Zerodha is the largest stock broker in India. Therefore, it offers a range of trading software and tools to its customers. It has partnered with various other companies to provide third party platforms to its customers. Other platforms and tools that are offered by Zerodha includes:
1. Zerodha Kite (Web based trading platform)
2. Zerodha Kite Mobile (Mobile Trading App)
3. Zerodha Coin (Mutual Fund Investment)
4. Zerodha Console (Back-Office)
5. Zerodha Sentinel (Live Market Alerts)
6. Zerodha Partner Products
• Smallcase (Portfolio Building Tool)
• Streak (Algo & Strategy Platform)
• Sensibull (Options Trading Platform)
• Golden PI (Online platform for bonds and debentures)
7. Zerodha Trading Tools
• Brokerage calculator
• Margin calculator
• Black-Scholes calculator
• Pi Expert Advisors
8. Zerodha Commodity Trading Software
Let’s have a quick look at the Zerodha Products in Detail:
1. Zerodha Kite Website
Kite is a powerful product of Zerodha and it is a web- based trading platform. Zerodha Kite is built in-house by the company and offers a fast and reliable trading experience to its traders. It consists of various essential features that makes it unique and more approachable for the customers.
a) It gives you a universal search instrument to search quickly across 90,000+ stocks and F&O contacts across multiple exchanges instantly.
b) It has real-time data widgets quotes, live ticks and order alerts and much more.
c) It has the most advanced Charting capabilities with 100+ indicators, studies, and tools and extensive historical data.
d) It provides you a multilingual platform with the support of 11 regional languages.
e) Multiple Order types include Limit, Market, Stop loss, AMO, Bracket and Cover orders.
f) It gives you integration with Investment apps like Smallcase and streak offered by partners of Zerodha.
g) It has a single click fund transfer and withdrawal.
Zerodha Kite Mobile App (Mobile Trading App)
This product is made with the purpose of making Zerodha Kite mobile app user-friendly and thus the kite was introduced as the latest mobile trading app. This brings Zerodha’s flagship trading platform Zerodha Kite web on Android and iOS smartphones. Now, the customers can easily download Zerodha Kite mobile app and use it to analyse and trade. The app may offer essential trading features such as:
a) One- tap search for all stocks and contracts across all exchanges.
b) Quick buy and sell.
c) Live market data.
d) Create multiple MarketWatch.
e) Live market depths.
f) Advanced Charting features with 100+ indicators and studies.
g) Historical data.
h) Various order types including AMO, BO (Bracket orders), CO (Cover Orders)
i) Fund Transfer Facility
2. Zerodha Coin (Mutual Fund Investment)
Zerodha Coin is a mutual fund investment platform that allows the customers to invest in various funds online. Investors can directly invest in mutual funds from the companies at zero commission. Some of the key features of this Zerodha mutual fund platform includes:
a) It is a free platform for mutual fund investments.
b) Zero commission is charged.
c) Mutual funds are directly credited in your Zerodha Demat Account form.
d) Single reports such as capital gain statement, P&L visualization, etc. for all your investments.
e) SIP facility, increase or decrease SIP as per your wish.
f) View and track Net Asset Value of the funds.
3. Zerodha Coin Mobile App
Zerodha Coin web-based platform is also available on mobile as an app for Zerodha customers. The Zerodha coin mobile app provides you with convenience to invest in 3000+ mutual funds from 34 fund houses directly at zero commission. The app offers all the same features as of the web to its customers on the mobile.
4. Zerodha Console (Back-office)
Zerodha Console is the back-office platform of Zerodha. It is simply a trade and reporting dashboard offering multiple features to its customers. Some of the features are:
• It gives you the facility to place withdrawal requests.
• It monitors credits and debits in your trading account through your account statement.
• It views your portfolio-stock positions and mutual fund investments.
• It provides the customer with the access to multiple reports including trade books, P&L etc.
• Download contract notes and margin statements.
• It gives you access to analytics tools such as Trade book and P&L heatmap.
5. Zerodha Sentinel (Price Alerts Tool)
Zerodha Sentinel is a cloud-based, machine-independent tool for setting up price alerts on stock and contracts. This tool allows the Zerodha traders to set up the price alerts that can be triggered for any time even when your computer is off. There are some key features of Sentinel which are as follows:
• It set alerts for 80,000+ instruments across exchanges.
• It creates advanced alerts that combine multiple triggers.
• This sends alerts on the customer’s Google Chrome Browser, Zerodha kite web platform and via mail.
• It provides its customer the features of viewing history of all your triggered alerts.
• This service is available for Zerodha non-clients also.
• It gives you 30 trigger alerts based on a single data-point.
• It supports multiple types of data points including today’s open, high, low, close, Volume, Percentage of Change, Open Interest, Total Bids, Total Asks. Etc.
6. Partner Products Offered by Zerodha
Zerodha has also launched its products with its partners. Some of the products which are launched are explained in detail below:
a) Zerodha Small case
A small case is a product which is simply a portfolio or collection of stocks and ETFs built around a single idea, strategy or theme. This product includes between 2 to 50 instruments. It allows you to invest in all the stocks that are included in a specific small case, monitor and manage it with one click. It can be integrated with your Kite platform and can easily be operated using your Zerodha account. Some of the key features that Zerodha Small case provides to its customers are:
• It has 55+ different small cases to choose from.
• It has 4 small cases types: Thematic, Model-based, Sector trackers and beta.
• Small cases for investors with all risk types including conservative, moderate and aggressive.
• It helps you in viewing and monitoring your investments anytime and anywhere.
• It gives you Systematic Investment Plan (SIP).
• There are no lock-in periods unlike some mutual funds.
Zerodha Small Case Pricing Structure
One-time Fee of Rs. 100 per small case (No additional fees will be charged for investing more in the small case). There are no fees charged for weather investing and smart beta small cases. All other orders have a fee of Rs. 50. The standard brokerage is also applicable.
b) Zerodha Streak Algo Trading –
Zerodha Streak algo Trading is a cloud-based platform for retail traders to create trading platforms without coding, back test them on the historical data and deploy them to live in the market. The key features of the Zerodha streak algo trading platform includes are:
• Write your strategies in English and the platform does the coding for you.
• It gives you the facility to create strategies leveraging 60+ indicators
• You can easily back test all your strategies with up to 5 years on any instrument.
• You can deploy many strategies with one click
• You receive notifications and you can also track live positions
I. This product provides a free trial for 7 days. During the free trial tenure, the customer can do twenty back tests and two live Deployments of strategies at a time.
II. Customers will have to pay a monthly fee depending on the chosen plan. There are three plans available which are: Basic, Premium and Ultimately at a monthly fee of Rs. 500, Rs. 900 and Rs.1400 simultaneously.
a) Zerodha Sensibull (Options Trading Platform)
Zerodha Sensibull product is an options trading platform. This platform is available for the customers of various stock broking companies that includes Axis direct, Kotak securities, Edelweiss, ICICI Direct, Upstox and Karvy stock, etc.
This platform will suggest a list of strategies to its customer based on the customer’s market view. The customer can also customize the strategy by tweaking some parameters as per your needs. The other key features of the Sensibull platform includes:
• It helps you in comparing the suggested option strategies to find the best one.
• It gives you multiple options to build strategies based on your preference.
• It analyses data for the customer for their trade and positions.
• It provides you the access to enhance the option chain.
• It helps you in keeping an eye on the events calendar to focus on the major events that can impact your trade.
• It provides you options to analyse for deep analysis of contracts.
• It provides you the facility to directly place orders.
• It helps you by giving you the advanced filters to quickly find a profitable strategy.
• It has Future and options contract screeners.
• It provides you the facility for simulation trading.
Note: There are three subscription plans for Zerodha Sensibull: Free, Lite and Pro. The free version of Zerodha Sensibull has limited features. The prices for the Lite and Pro versions are available at Rs. 800 and Rs. 1300 per month simultaneously.
b) Zerodha Golden PI
Zerodha Golden PI is India’s first online platform for investments in bonds and debentures. The company has partnered with several banks, bond trading institutions, and large financial organizations to give its customers the access to various bonds and debentures. This platform takes care of the complete process of bond investment starting from opening the account to bonds units. These are automatically transferred to the customer’s demat account. Some of the key features of Golden Pi platform are:
• It has Zero Commission Investment.
• It gives you Online access to over 3000 crores worth of bonds.
• It invests in bonds for as low as Rs. 10,000.
• It gives the Real time updates on the customer’s incoming interest payments.
• It is a Goal based investment process.
• It gives the round the clock personal assistance.
• It works as a demat account opening assistance.
Note: This product does not charge any fees or commission for investments in bonds and debentures.
c) Zerodha Trading Tools
This product provides its customers the wide range of online trading calculators. These calculators are useful in quickly calculating the brokerage fees and margin, etc. The trading tools offered by Zerodha includes:
I. Brokerage Calculator: This calculator helps you in calculating profit from a trade by giving you a complete breakdown of brokerage fees and various other charges and taxes related to it.
II. Margin Calculator: This calculator helps in calculating the various margins required like Span, Exposure and Total Margin etc. to make you aware of the amount of margin you need to maintain during trading.
III. Black-Scholes Calculator: This calculator is designed for the Options traders. This calculator uses the black-Scholes model to calculate the premium and various option Greeks that have an influence on the pricing of the options contract.
IV. Pi experts Advisors: This calculator allows the customer to code their technical analysis strategy without coding, and back test it to check the past performance and take it to live on Pi Expert Advisors. It will then generate real time buy or sell signals for the strategy.
d) Zerodha Commodity trading Software
Zerodha is the leading online discount broker that offers commodity trading services at MCX and NCDEX. Zerodha trading platform for commodities includes: Kite (Trading Website) and Kite Mobile App (Mobile Trading App).
Frequently Asked Questions
Zerodha do not offer home pickup service of account opening forms. The customer is required to courier the forms at Zerodha Bangalore office. The forms can also be filled online.
Yes. Zerodha’s free Kite trading platform provides advance technical charts. The advance charts are provided by Zerodha are among the best in the Industry.
No, at present the investing in stocks is listed in foreign stock exchanges is not possible through Zerodha. If you are still wishing to invest in Apple, Google, Facebook, etc. then mutual funds are the easiest way.
Zerodha is completely an execution platform only. It does not provide any form of advisory or tips. We believe that traders and investors should make educated and informed trades based on the research and analysis.
Zerodha is an online discount brokerage model where only online trading services are offered to the customers or traders. It uses the latest and advance technology to serve its customers and has less branches and offices. The technology helps its customers to scale and reduce the operational cost which in-term helps them to maintain huge profits despite offering low-cost trading.
Zerodha charges an amount of ₹20 per executed order or .03% whichever is lower for equity, currency and commodity futures trading.
No, Zerodha does not provide the margin funding facility.
Yes, some of the services provided by Zerodha are free. It offers Mutual fund investment and brokerage free equity delivery trading. The brokerage fee for Intra-day and F&O trading is ₹20 per executed order or 0.03% (whichever is lower).
Yes, the BTST i.e. buy today- sell tomorrow facility is available in Zerodha. It allows the traders to sell shares before they deposit into your demat account on T+2 days.
Zerodha does not provide interest on the money that is held in the trading account. It does not accept any personal Fd’s as margin for trading.
Zerodha offers the service to place AMO orders. These AMO orders are placed after the market hours for the next trading day in advance. AMO (After Market Orders) allows the customers to place online buy/sell order before the stock exchanges are open for trading. The order timing for AMO order changes by the trading segment.
No, Zerodha doesn't offer any trading account on minor's name even if you are below 18 years, you can not open a trading account.
No. A customer can open only one trading account or demat account with Zerodha. You cannot open two trading accounts with same PAN number with Zerodha. Note: You can open other trading or demat account with the same name and PAN number with other brokers. But this can't be done with one broker because of SEBI regulations.
LTT in Zerodha stands for Last Traded Time. The last traded time shows when a particular share or contract was last bought or sold. It helps the traders to know the demand for a particular share on that particular day.
No, it is not compulsory to maintain a minimum balance in the Zerodha Trading account.
If the customer wants to change the bank account that is linked with their Zerodha account. The customer needs to submit the 'Account Modification Form' with a bank proof document. The steps to change the Zerodha bank account are: 1. Visit the Zerodha website 2. Move to the 'Download & Resources' section. 3. Download the 'Account Modification Form' 4. Fill the form, sign it and get a print out. 5. Attach the bank proof documents like bank statements, cancelled cheque etc., along with the form and send it to the Zerodha Bengaluru office.
Yes. Zerodha offers trading in forex but as per NSE we can trade only in USDINR, EURINR, GBPINR and JPYINR in India with any stock broker. You can trade in currency derivatives at BSE and NSE exchanges using the Zerodha trading account. The customer needs to enable the currency trading segment before starting the trading in currency.
CNC stands for Cash and Carry. It is simply a product code and if you use them to buy and sell shares on the same day, they will still be considered as Intraday trade. NRML (Normal) is used for overnight trading for futures and options.
In Zerodha the customer has to open a demat account along with the trading account. It does not allow linking of its trading account with a demat account from some other depository participant (DP). Note: • You can have multiple demat accounts if you want on your name with different brokers. • You can continue holding your Sharekhan demat account if you wish to do so. • You could transfer all your holdings in the Sharekhan demat account to Zerodha demat account at the time of closing the Sharekhan demat account. It is a simple process.
The Margin for Zerodha is reduced across all the segments including Intraday at BSE, NSE and MCX on 2 January, 2019. It is in line with the new margin policy introduced by SEBI. As per the policy, the brokers cannot offer ab additional margin to customers. The margins are now prescribed by the exchanges and are the same across the brokers.
Once you apply in Zerodha for opening an account, it takes 24-48 hours to get activated. Any kind of discrepancies in the submitted forms or documents can delay the account opening process.
An individual need to have 3 accounts i.e. Trading, demat and a bank account. Zerodha offers trading and demat account services to its customers. Trading account is required to place buy & sell orders and the demat account is required to hold all the bought securities in electronic form. The trading and demat account of the customer are linked to their bank account.
Zerodha is safe as any other stock broker in India. It is a genuine and the trusted stock broker and comes among the lowest risk broker in India. It is a debt free company and they only offer broking services. In the last 9 years, there is no single major violation has been reposted. Thus, it is the safest stock broker of India.
Zerodha offers truly brokerage free equity delivery trading and mutual fund investment. It charges flat Rs. 20 or 0.03% (whichever is low) per executed order for intraday trades.
Yes, Zerodha favorable for long term investors. Zerodha offers the Equity delivery brokerage at free. It automatically brings down the trading costs thereby helping a lot of money in the long term. It also offers commission-free direct mutual funds that results in additional earning of 1% yearly.
The SMS facility in Zerodha is optional and is charged at Rs. 1 per SMS.
You can place an MIS buy order in one exchange and the MIS short order in the other exchange. However, by the end of the trading day, both of these trades are required to be squared off individually on each exchange.
NFO stands for New Fund Offer. An NFO is the first time when a fund is offered for subscription by an AMC. The customer cannot invest in NFO through Zerodha Coin currently. However, you can buy NFO from the AMC directly.
All the orders will get squared off before the end of the day. IOC stands for 'Immediate or cancel'. It means that the order is executed as soon as it is released and in case the order fails to execute, then it is immediately canceled.
The Z Pin is the 4-digit telephone code. This is the customer’s personal identification number. This number is required to place orders through the call, trade desk and to raise support requests. Whenever the customer will call Zerodha customer support or call & trade desk, he/she have to authenticate themselves using the Z Pin code.
Yes, Zerodha offers trading in foreign exchange (currency). The customers can trade in currency derivatives at BSE and NSE exchanges simply by using the Zerodha trading account. The customer is required to enable the Currency trading segment before he/she start to trade in the Forex.
Discount brokers are the brokers that offers only online broking services to its customers and at a very low-cost. Zerodha discount broker uses the latest computer technology to offer online trading services to millions of customers. The brokerage charge for discount brokers are usually less than the traditional full-service brokers. Zerodha is an online discount broker.
The Zerodha is a depository participant of CDSL depository. This means it works as a service agent for demat account which is held by CDSL, one of the two central depositories.