Zerodha Kite Review

Zerodha KITE is an online trading software. It allows customers to trade at BSE, NSE and MCX. It's a front-end application built in-house by Zerodha engineers. Zerodha Kite is a flagship trading and investment platform used by over 5 million traders and investors who place more than 20 million orders every day. KITE platform offers 3 main products, all for free to its customers:

1. Kite Web

   A website based trading application (runs on browser like a normal website) with streaming quotes, advance charts, keyboard shortcuts, elegant UI and all available order types.

2. Kite Mobile App

   Zerodha Kite App is available for Android and iOS. Kite Mobile is a powerful and simple mobile trading app. The Kite Mobile App give you access to all the features available in Kite Web.

3. Kite Connect API

   Kite APIs are simple HTTP/JSON APIs for developers who would like to build their own front-end platforms or tools to trade. These API's are offered as 'platform as a service'.

Trading Platform Owner

Zerodha

Zerodha is a leading stock broker in India with lakhs of customers. The company offers online discount stock & commodity broking services at NSE, BSE and MCX. It also offers Mutual Fund investments and demat account services.

Zerodha Kite Product Highlights

• 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.

Zerodha Kite Key Features

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.

Zerodha Kite Features Explained

Zerodha Kite Charts

Kite offer most advanced charting with over 100 indicators, 6 chart types, 19 drawing tools, and facility to draw as many charts at a time. The chart intraday data is available from 2014 and daily charts for over 7 years for stocks, commodities, F&O, and currencies.

Key features of Zerodha Kite Charts:

• Draw as many charts as needed
• View up to 4 charts simultaneously in the same window.
• Wide varieties of chart types including candle, bar, line, mountain etc are available.
• Over 20 different drawing tools are available
• Place orders directly from charts
• Search and add indicators on the chart
• Compare multiple scripts
• Charts default to 1 min which can be changed to up to 1 month

Kite Fund Transfer

The Kite 'Funds' page allows customers to add funds or withdraw money from the trading account. Kite fund transfer allows you to:

• Link up to 20 top banks for instant fund transfer using a payment gateway.
• Transfer through the payment gateway will cost the customer Rs 9 + GST per transaction.
• Transfer funds using NEFT/RTGS/IMPS transfer but the funds are not available instantly.
• Withdrawal requests are handled on the Zerodha Console website (back office), seamlessly integrating with Kite.
• From Monday to Friday, withdrawals are processed at 10:00 PM for Equity, F&O, and currency and at 8:00 AM for commodities. On Saturday, withdrawals are processed at 4:30 PM for Equity, F&O, and currency and at 4:00 PM for commodities.

Zerodha Kite Feedback by Customers

• Nice user interface
• Excellent charting tool to view all the equity and commodity scripts
• Leverage calculation and brokerage calculation are not part of the app.
• Price alerts are not available.

Products Offered by Zerodha Kite

1. MIS (Margin Intraday Square-off)

   MIS orders are used for intraday trades in equity and F&O segments. Zerodha offers additional leverage/margin for trade under MIS.

   
2. CNC (Cash n Carry)

   CNC orders are for delivery based 'Equity' trades. 100% money (margin) is required to buy share under this order type. To sell stocks using CNC, stocks need to be available in the linked demat account.

3. NRML (Normal F&O trades)

   NRML orders are for intraday/overnight 'F&O' trades without additional leverage. Positions taken as NRML can be held until expiry as long as required margins maintained by the customer.

4. BO (Back Order)

   BO's are intraday limit orders with a target and stoploss and an optional trailing SL all placed simultaneously.

5. CO (Cover Order)

   CO's are intraday market orders with a predetermined stoploss order. Higher leverage is provided for these orders as they have fixed stoploss.

6. AMO (After Market Order)

   Orders placed for next trading day in advance. AMO orders can be placed from between 4.00 pm to 9.14 am.

   Zerodha AMO Order Time

   Segment	Order Time
   Equity	NSE: 3:45 PM to 8:57 AM BSE: 3:45 PM to 8:59 AM
   Equity F&O	3:45 PM to 9:10 AM
   Currency	3:45 PM to 8:59 AM
   Commodity	Anytime during the day*

   * If MCX AMO order is placed during the market hours the order will go through the next day at 9 AM.

Order Types Offered by Zerodha Kite

1. Market

   To place orders (buy or sell) at current market price Say, if Infosys is being currently traded at Rs 1160, a customer will be able to place a buy/sell order at Rs 1160.

2. Limit

   To place orders (buy or sell) at predefined price. Say Infosys is being traded at Rs 1160 but customer can place a limit buy order to buy shares at Rs 1150. The orders will be queued and get executed only when the price reaches Rs 1150.

3. SL (Stoploss or trigger order)

   SL orders are design to limit the investor's loss. It can also be used to buy/sell stocks when it reaches a certain price (trigger price).

   
4. SL-M

   Same as SL order but with Stop Loss 'Market Order' instead of 'Limit Order'.

   

Zerodha Kite User Customization Options

• You can personalize Kite by setting your own profile picture.
• 5 custom marketwatch available. Each can hold up to 20 stocks.

Zerodha Kite Reports

Zerodha Kite doesn't offer any reports. Customer has to get the reports from Zerodha backoffice.

Zerodha Kite Charges / Fees

Kite is made available for free to all customers.

Zerodha Kite Helpline Number

The Zerodha Kite helpline number is 080 4718 1888. It's available Monday through Friday from 8:30 AM to 5 PM and Monday through Friday from 9 AM to 11:30 PM for call and trade. Existing clients need a 4-digit support code to speak to a support executive.

Brokers using Zerodha Kite