Tradelab Pi Vs Zerodha Kite Trading Platform Comparison

Tradelab Pi is a front-end stock trading platform. It offers web, mobile and desktop-based trading applications for retail traders. Designed for beginners to advanced traders, these trading apps are simple yet very powerful in terms of speed of execution and rich features.

Zerodha Kite is the flagship trading platform offered by Zerodha, India's most popular stock broker. Kite platform has a website and mobile trading app which is developed in-house by Zerodha.

• Discount Broker: Zerodha, Aliceblue, Trustline, SASOnline

• Full-service Brokers: Adroit, Religare, MasterTrust

• Pi is designed, built and maintained by Tradelab Software Pvt Ltd.
• Pi is front-end trading software only. It uses Omnesys RMS and OMS which makes it secure and powerful.
• Pi is available as a mobile app, desktop trading terminal, and browser-based trading website.
• Pi's user interface is simple, fast and elegant.
• Pi is offered by multiple stock brokers including Zerodha, Aliceblue, Trustline, SASOnline, Adroit, Religare and MasterTrust.
• It supports multiple exchanges (NSE, BSE, and MCX) and segments (Equity, F&O, Currency, Commodity).
• Advance order types such as Bracket Order, Cover Orders and After Market Orders are available.
• 80+ Technical Indicators for Technical Analysis.
• 10 types of charts such as Candle, Bar, Heikin-Ashi, etc.

• Invest in stocks, bonds, ETFs, IPOs, government bonds, and gold bonds with zero brokerage fees.
• The Zerodha Kite platform offers powerful trading tools, including charting, analytics for futures and options, investment research, and backtesting.
• Zerodha Kite provides easy-to-read tax reports that can be used to file tax returns without hassle.
• Zerodha Kite portfolio tab gives Filtered and curated updates for the investments.
• Free access to products like Sensibull, Tijori, Streak, Quicko, and more.
• No gimmicks, spam, "gamification," or annoying push notifications.
• Trade futures and options (F&O) on the NSE and BSE, such as Nifty, Sensex, FinNifty, BankNifty, etc.
• Trade from charts and manage positions from the charting window.
• Commodities futures and options (F&O) contracts on MCX, such as Crude Oil and Gold.
• Currency futures and options (F&O) on Dollar (USDINR), Euro (EURINR), Yen (JPYINR) and Pound (GBPINR).
• Option Chain with real-time option prices, Implied Volatility (IV), IV percentile, Open Interest (OI) and OI change.
• Day’s high-low bar on the Kite app- The High-Low bar shows you where the share is trading compared to the high and low of the day
• Take a break from using Kill Switch, which instantly disables trading if you are overtrading and stressed.
• Virtual contract note to get a breakdown of brokerage costs and taxes for the day.

• Switch seamlessly between web, mobile and desktop.
• Get real-time market information about market indices, stocks and F&O contracts.
• Create customize market watch and see market depth with just one click.
• Trade across asset classes and stock exchanges (i.e. BSE, NSE and MCX) from the single trading platform.
• Trade using advance order types i.e. CO and BO.
• View reports including open positions, trade history and order history. Manage all your orders in one place.
• Analyse stocks using candle charts with various studies to analyze the market.
• Create custom alerts.
• The Pi Installable Trading Terminal has advanced features including
  • Advanced charting
  • Keyboard shortcuts
  • Strategy back-testing
  • Consensus report,
  • Multiple window cascading
  • Order from charts
  • Technical analysis with 80+ technical indicators
  • Free historic data for back testing.

Kite is Zerodha’s trading platform, with many features that its competitors do not offer. Zerodha brings 100 new functions to the market with every new Kite platform version. Here are a few key new features from Zerodha that make Kite a unique trading experience. 

1. Dashboard, Market Watches Streaming Quotes, Browser Notifications Market Depth View with Streaming Updates
2. Floating Order Window, Exit multiple orders/positions in one click, Multiple chart view (4 charts on the same screen).
3. Order Types: Brackets Orders, Cover orders, GTT Orders, After Market Orders.
4. Apply Mainboard and SME IPO Using BHIM UPI.
5. Universal instrument search: (search more than 90,000 stocks and F&O contracts) Level 3 data: Includes exclusive access to level 3 data, or 20 market depth
6. Advanced charting: Includes hundreds of indicators, studies, and tools on a customisable charting interface
7. Multilingual trading (trade in 11 regional languages).
8. Quick Order WIndow on Kite- Buy and sell securities in just two clicks. Simply enter the amount you want to invest or the number of shares you want to buy.
9. Invest in National Pension Scheme (NPS), Government Securities and SIPs
10. Gift Nifty on Kite-Track the Gift Nifty on Kite by searching for it. It is a futures contract based on the Nifty 50 index and trades for 20 hours on the NSE International Exchange.
11. Zerodha Minor Account Opening-Zerodha now offers free online minor account opening, allowing parents to easily invest in stocks, mutual funds, and bonds for their kids' future.

• Tradelab Pi is simple, fast and elegant trading software for online trading.
• It was built in 2015. Tradelab is adding many new features to it.
• Pi software uses low CPU resources and memory, allowing trade with desktop and laptop with basic configuration easily.
• It can work at a low internet bandwidth as well.

• Clean & intuitive UI
• ₹0 brokerage for equity delivery and flat ₹20 for F&O trading.
• Universal search for all contracts across all exchanges - NSE, BSE, MCX
• Live Steaming quotes
• Multiple marketwatch and live market depths
• Advanced chart with 100+ indicators
• Advance order types including AMO, BO (Bracket orders), CO (Cover orders)

• It's 3rd party software rented by stock brokers.

• Not available as installable trading terminal.
• Option to investing in IPO's online is not available.
• Mutual Funds investment is not part of this platform.
• Reporting is part of a seprate backoffice software.
• Dependency on Omnesys OMS and RMS systems.