About Zerodha Kite
Zerodha is among the top online brokers in the Indian stock market. Zerodha Kite is an online trading platform developed by the company to assist traders in the stock market. By making use of Kite by Zerodha, users can trade stocks in these markets-
- BSE (Bombay Stock Exchange)
- NSE (National Stock Exchange)
- MCX (Multi Commodity Exchange)
In this review, we shall be discussing-
- Various product offerings under Zerodha Kite
- How you can start trading using Kite by Zerodha
- Permitted order types in Kite
- Charting and available chart types
- Trading Products
- Making use of the watchlist feature
- Zerodha Google Chrome extension
- Pros Vs Cons
Users can use three of the flagship products that are offered under Zerodha Kite
#1 Zerodha Kite App (iOS & Android)
The mobile application by Zerodha is extremely helpful to the users as almost all the features of the online trading platform are made available on your smartphone.
Some of The Features of The Zerodha Kite App 3.0 are-
- Allows login to other applications that are offered by Zerodha
- Multi Exit feature available on positions
- Availability of face unlock in the iOS version for enhanced security
- Availability of status update after placement of orders
- Customized Market-Watch feature for a more personalized experience
You can understand the importance of Zerodha Kite app by the fact that almost seventy per cent of all their trades come from the smartphone application.
#2 Kite’s Web-based trading platform
Similar to many of the other online brokers, Kite Web is a seamless trading platform that offers you…
- User-friendly interface
- Keyboard shortcuts
- Quote streaming feature
- Charts for the current market situation
and many more excellent features.
It has been made available for those traders that are interested in creating and designing their trading solutions or platforms. Resources list and relevant documentation on Kite by Zerodha is available on this link www.kite.trade
#3 How to Start Trading on Kite?
Opening an account on Zerodha Kite is easy. All that you need to do is follow these steps and you are good to go.
- Click on the following link
- Enter the mobile number with which you wish to open your account.
- After doing that, you will have to verify your mobile number with an OTP number.
- Then enter your name and an email address. (note that it will be used for future correspondence with Zerodha)
- Complete OTP verification for the email address. (like your mobile phone verification)
- Provide your Date of Birth and PAN card details.
- Make relevant payment as per the account type you wish to get opened
- Upload the document and e-sing
It is the easiest method to start trading on Zerodha Kite. They claim that you can register your account just within fifteen minutes.
#4 Order Types That are available in Zerodha Kite are-
Kite offers its users a variety of order to the stock traders so that all of them have options relevant to them available.
- SL Order
A typical stop loss or SL order is usually used by the investors to limit any possible losses. You can easily set up a predetermined trigger price to do so using Kite.
Another type of SL order that is available in the SL-M or SL-‘Market Order’
- Limit Order
Another helpful feature that will assist traders in buying stocks at a predetermined price. All you need to do is just quote your desired price and Kite will get your order in the queue.
- Market Order
The simplest form of trade order under which a trader can buy shares at their current market price.
|AMO||After Market Order||Orders that are placed for the upcoming trading day|
|CO||Cover Order||These come with a pre-determined SL or Stop Loss orders|
|BO||Back Order||These are Intra-day limit orders with some more features|
|NRML||Normal F&O Trades||These are sans leverage form of overnight or intraday F&O trades|
|CNC||Cash N Carry||They are nothing but Equity trades that are based upon the delivery|
|GTT||Good till Triggered||The order does get executed as long as the required condition(s) are met|
#5 How to Place an Order on Zerodha Kite?
Placing an order on Kite is easy. Simply hit the Buy or Sell button and choose the appropriate price. Then you shall receive a notification confirming your order placement. Whether an order is accepted or rejected shall also get reflected in the notification box.
Charts in Zerodha Kite
Keyboard Shortcut- C
Kite offers one of the most sophisticated charting techniques with the following features-
|Number of Indicators||100|
|Types of Charts Available||6|
|Number of Drawing Tools||19|
#6 Important Features of Kite Charts
- Unlimited number of charts can be made
Kite does not place any kind of restrictions when it comes to chart stock prices.
- You can directly place an order from a chart
All that you need to do so is just click on the lightning bolt icon. This will enable you to access the quick trade tool. After that all you need to do just click on the buy and sell buttons.
- Ability to view four charts simultaneously
The Multiview feature that Kite by Zerodha offers makes sure that you get superior stock pricing analytics tools
- Many chart types are available
Various types of available chart type further assist traders to build top-notch trading strategies and stay ahead of the competition.
Some of the available chart types are-
- Mountain Chart
- Line Chart
- Bar Chart
- Candle Chart
And many more are made available as well for the users.
Watchlist Feature in Kite by Zerodha
The online trading platform also provides its users with a watchlist of prices of several companies. This is quite important as it reflects the changes in prices and their current value for those firms that they feel interested in. Along with that it also provides you with-
- A combo of Multi-Market & Multi-Asset Watchlist
- Shows increment or decrement in the percentage amount
- ‘Stock Widget’ feature is also available to get the performance in the last 5 days
- A buy/sell option is available in the watchlist as well
#7 Zerodha Kite Chrome Extension
Kite also offers a chrome extension to make life easier for its users. So, no matter what website you happen to be surfing, to go on your Zerodha Kite search consoles, all you need to do is just click on it.
Another added advantage of using the extension is that buy and sell buttons are made available if you happen to be using Google Finance or Yahoo Finance.
Pros Vs Cons of Zerodha Kite
Some of the Pros and Cons of Kite by Zerodha are as follows:
|Lesser Brokerage Charges as compared to others||Decent Customer care service|
|Initiatives for educating beginner traders|
|Great Performance of trading terminal|
|Powerful Trading Smartphone Application|
|Extensive Charting Mechanisms Available|
|Full Market Watch even at a speed of just 0.5KBps|
|7 Years of market data for analysis|
|Powerful and user-friendly API for developers|
Therefore, we can conclude that Zerodha Kite provides you with a large variety of powerful and beneficial features.
Conclusion of our review:
Kite by Zerodha is, therefore, an excellent online trading platform that you must try if you wish to have amazing trading experience. No wonder it is considered to be among the top players in the discount broker market.
You can further confirm that by the long list of awards that Zerodha has received.
- Start-up Awards 2016- Economic Times
- Retail Broker of the Year 2018 -NSE (National Stock Exchange)
- Emerging Equity Broking House Award 2014 & 2015
Therefore, it is highly recommended for experienced and beginner traders alike.
FAQs or Frequently Asked Questions
Q1. How can I download Kite by Zerodha on my device?
Ans. Kite Web is a typical website-based trading platform. So, there is no requirement of downloading it. All that you need to do is go to their website and log in. You are now ready to trade.
Kite Mobile App can be easily downloaded from either the iOS store (for Apple users) or Google Play Store (for Android users). As for the Trading Terminal is available for download on their official website.
Q2. Does Kite provide the facility of applying for an Initial Public Offering or an IPO?
Ans. No, Unfortunately, Zerodha Kite platform does not provide the facility of applying for IPOs or initial public offerings as of now. They might do so soon.
Q3. Does Kite have an affiliate or referral program?
Ans. No, it does not have a kind of affiliate or referral program whatsoever.
Q4. How do I get information on my Demat holdings while on Zerodha Kite?
Ans. To get further information regarding your Demat holdings, simply click upon the holdings tab which is given on the top.
Q5. Is there an option to trade on the MCX Exchange in Zerodha?
Ans. Yes, indeed, there is an option available to you in case you wish to trade on the MCX market. Make sure to choose that as an option as well while creating your trading and Demat account.
Q6. Does Zerodha Kite provide ledger reports as well?
Ans. No, Kite by default is just a stock trading software. Therefore, it does not provide its users with any type of ledger report.
Q7. Is there a detailed guide regarding Kite available for new users to make use of?
Ans. Yes, it is. You can always find an in-depth user manual on Zerodha’s official website. This guide covers almost all the features and functions of Zerodha in complete detail.
Q8. How can I contact the customer care service for Zerodha Kite?
Ans. These are the details regarding the customer care service provided by Zerodha- Kite’s Helpline Number (Telephone) 080 4040 2020, 080 3310 2020
Q9. What leverage is available on Kite platform?
Ans. Zerodha offers leverage that is similar to its other platforms on Kite
Also, the point to be noted is it forbids its users from doing margin trading in the options market.