Zerodha Kite Review
Zerodha Kite is an online trading platform developed by Zerodha. It supports trading and investment across asset classes like Equity Trading, Future & Options, commodity Trading, currency. The Kite for Zerodha is available in various versions – web-based and mobile trading application and available on both Android and iOS.
It also offers a range of features like charting tools, data widgets, integration with third-party apps, and so on to make trading easy and fast.
Zerodha is the number one brokerage firm based out of Banglore, Zerodha works as a flat fee share broker popularly known as Discount brokers, Budget Brokers, or Pay Per Order Brokerage. The said discount broking model avoids variable charges based on the volume and charges flat fees irrespective of volumes therefore favors traders who take large futures and options provisions. For Indian residents, Zerodha charges a brokerage of 0.03% or ₹20 per executed order, whichever is lower, irrespective of the number of shares or their value (other than equity delivery trade which is free).In the case of the NRI account, Zerodha charges a brokerage of 0.1% OR ₹200 per executed order for equity (whichever is lower) and for ₹100 per order for F&O trade. Zerodha charges only ₹500 for opening an NRI trading account
Zerodha Kite Features or facilities
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Easy SerchOne-tap universal instrument search for all contracts across all exchanges.
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Realtime data and streaming.
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Advanced chart with 100+ indicators
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Free historical chart data
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Multiple MarketWatch.
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Advanced order type Regular, AMO, BO (Bracket orders), CO (Cover orders)
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Integration with other investment apps
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Accurate P&L reports
Zerodha Kite Advantage & Disadvantage
- It Can work with lower Internet speed which is huge advantage for small towen users
- It is completely Free and does not have any subscription charges.
- It is very lite interms of resources which help in better trading experience.
- Integration with other investment apps like Varasity,ZConnect and Quant.
- It is available in Mobile version and on both Android and iOS.
- A Chrome extension is also available for the Kite Platform.
- GTT – Good Till Triggered orders:Place single-leg triggers to enter or exit stock holdings until your price condition is met, along with simultaneously placing target and stoploss for your stock holdings..
- True P&L: compute the most accurate profit and loss statements (P&L) for your portfolio.
- Unlimited extensibility:Build your own applications with Kite Connect APIs.
- Backtesting of strategies is not possible in Kite.
- Seprate Back office software.
Zerodha Kite Platforms
Zerodha Kite platform is available as Zerodha Kite Web, Kite mobile app, and Kite connect API. Lets discuss them all
Kite 3.0 A web based HTML5 trading platform developed by Zerodha, it offers host of features like:
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Works at a bandwidth consumption of less than 0.5kbps.
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Provides extensive charting with over 100 indicators and 6 charts type.
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offer advanced orders type like Brackets & Covers..
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Millisecond order placement.
Kite Mobile App It is one of the fastest and the most popular trading application that offers trade on your fingertips from anywhere in the world. The Kite app is available on both the Playstore and App store for android and iOS devices and provides a host of features like
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One-tap universal instrument search.
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Online availability of Data.
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Advanced charting
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Funds transfer.
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Portfolio tracking.
Kite Connect APIs Kite Connect is a set of simple HTTP APIs built on top of Zerodha's web-based trading platform, Kite. With Kite connect API, users can change coding using any supporting programing language i.e. Python, Java, etc. to control live market quotes, order, funds, profile, positions, and many others. It is a paid service as the broker charges ₹2000 as a monthly subscription fee to access Zerodha API. It enables users to place orders and manage portfolio at their convenience from an interface of their choice
Frequently Asked Questions:
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1. What is Zerodha PI?
Zerodha PI is Zerodha's Terminal Based Trading Platform that comes with features such as Trading, charting, scripting, and analysis. Users are required to download the software on their desktop or computer.
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2. What is GTT (Good Till Triggered) in Zerodha Kite?
GTT stands for Good Till Triggered orders. This allows you to place an order with trigger price and the system will execute the order as and when the order reaches the trigger price.GTT orders are available in Zerodha Kite Web only.GTT order stays active across multiple trading sessions until the trigger condition is met.
Let's understand this better with an example: The current price of HUL is 2000; we are placing a trigger of 2100 which if it is met on the Stock exchange, a CNC order to buy HUL At 2110 will be placed.
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3. What is AMO (after market order) in Zerodha Kite?
AMO in Zerodha Kite stands for After Market Orders that allows users to place orders after market hours. this feature is very useful for those who can't actively track the markets. The AMO orders can be placed after market hours and would get executed in the next trading session.
Timelines for placing the AMO orders are as below:
Equity - 3:45 PM to 8:57 AM for NSE,3:45 PM to 8:59 AM for BSE.
Currency - 3:45 PM to 8:59 AM
F&O - 3:45 PM to 9:10 AM
MCX - Anytime during the day, if placed during the market hours the order will go through the next day at 9 AM.
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4. What is CNC (Cash And Carry) in Zerodha Kite?
CNC in Zerodha Kite stands for Cash And Carry Orders that is an order type used for delivery based equity trading.To place a CNC order for Selling any stock you should have that particular stock in your DEMAT account.
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5. What is Zerodha Kite?
Zerodha Kite is an online trading platform developed by Zerodha. It supports trading and investment across asset classes like Equity Trading, Future & Options, commodity Trading, currency. The Kite for Zerodha is available in various versions – web-based and mobile trading application and available on both Android and iOS
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6. Is Zerodha Kite free?
Yes, There are no charges or subscription fees for using Zerodha Kite Trading Platforms.
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7. What is Zerodha Kite API?
Kite Connect is a set of simple HTTP APIs built on top of Zerodha's web-based trading platform, Kite. With Kite connect API, users can change coding using any supporting programing language i.e. Python, Java, etc. to control live market quotes, order, funds, profile, positions, and many others. It is a paid service as the broker charges ₹2000 as a monthly subscription fee to access Zerodha API. It enables users to place orders and manage portfolio at their convenience from an interface of their choice
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8. What is Zerodha Kite Connect?
Kite Connectis a set of simple HTTP APIs built on top of Zerodha's web-based trading platform, Kite. With Kite connect API, users can change coding using any supporting programing language i.e. Python, Java, etc. to control live market quotes, order, funds, profile, positions, and many others. It is a paid service as the broker charges ₹2000 as a monthly subscription fee to access Zerodha API. It enables users to place orders and manage portfolio at their convenience from an interface of their choice
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