Zerodha KITE Review, KITE Charts , Pros and Cons
Zerodha Kite – the newly added technologically advanced venture of Zerodha’s arsenal.
Zerodha Kite brief Introduction
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Zerodha Kite is the online trading software envisioned by Zerodha’s own engineers which shall now provide unmatched trading experience to consumers, replacing the old NSE NOW which was earlier offered to consumers.
Being extremely minimalistic in approach and comparatively less resource driven than its counterparts, Zerodha Kite also consumes lesser bandwidth, being the best option for all types of consumers. It is completely developed by Zerodha’s in house team of engineers, offers many enticing features, and rolls out new updates fortnightly which tend to further ease the traders.
Zerodha KITE Review Advantages and Disadvantages
• Zerodha Kite has multilingual support, ready for pan India customers.
• The chrome extension of Kite comes handy for users.
• Fund transfer has been made extremely convenient with multiple banks being accepted.
• Zerodha Kite lets you trade uninterrupted as it works smoothly even at lower bandwidths.
• Zerodha Kite is completely free of cost and users are not charged for even the most advanced features.
• Zerodha Kite lets you map your trades with its other allied services like Varsity, ZConnect, and Quant.
• Mobile Version lets you trade on the go.
• Zerodha Kite’s back office is handled by a different application, increasing grievance redressal time.
• The charts have a little difficulty when used on browsers.
• The platform lacks backtesting modules and scanners.
• Zerodha Kite does not let you invest in IPOs and Mutual Funds.
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Kite Trading Platform Review
• Kite Web Kite Web is the web-based offering of Kite which works the same as a website. It offers advanced features like keyboard shortcuts, elegant UI, streaming quotes, and advanced charts to our traders for easy trading. You can seamlessly trade with all available order types on Kite Web
Kite Mobile App Zerodha Kite App, available for download on Android and iOS app-stores, is a powerful and simple mobile trading app, specially designed for traders who want to have a keen eye on trades while being on phone. The Kite Mobile app doesn’t fall short of services and comes loaded with all interactive features available to website users
• Kite Connect API Kite APIs are nothing but simple HTTP/JSON APIs for developers who want to build their own front-end platforms or tools for trading, by customising existing features
according to their needs. Kite Connect API gives you the independence to design your own platform depending on your own ease of trading.
Zerodha Kite good feature insights
Zerodha Kite offers most advanced charting features equipped with over 100 conditional indicators, as many as 6 chart types, 19 interactive drawing tools, and unmatched ease of drawing as many charts at a time on the window.
The chart intraday data host data as old as 2014 and publishes daily charts lasting for over 7 years for stocks, commodities, F&O, and currencies.
Key features of Zerodha Kite charts
• You can draw as many charts as needed.
• You can view up to 4 charts simultaneously on the same window.
• Lets you place orders directly from the charts.
• You can search and add indicators in the chart as per your choice.
• You can also compare multiple scripts and take wise decisions.
• The platform has a wide variety of informative chart types including a candle, bar, line, mountain, etc. available.
• Users can categorize data as per their choice with as many as 20 different drawing tools available.
Kite Fund Transfer facility
Zerodha Kite has a separate fund transfer facility that can be accessed under the Funds page. This fund transfer facility lets customers add or withdraw the money made from trades from the trading account.
Some unique features of Kite’s fund transfer facility are:
• You have the facility to get instant fund transfers from 20 top banks which can be used as payment gateways.
• The transfers made via payment gateway will have charged Rs.9 exclusive of the GST.
• The fund transfers made through NEFT/RTGS/IMPS are not instantly available but these
requests are prioritised over others ensuring speedy fund transfers.
• Withdrawal requests are handled separately by the Back-office app, which has been mapped with Kite to ensure error-free execution.
• Withdrawal requests can be made round the clock with initiation being done only at 7:30 pm.
Order Types in Zerodha Kite
• SL (Stoploss orders) SL orders are specifically designed to limit the investors loss by limiting trade when a certain amount of loss is incurred in a trade. These types of orders can also be used to buy/sell stocks when the trade has reached a certain price.
• SL-M These types of orders work the same way as stop-loss order but these are used to stop loss the Market Order, instead of the Limit Order.
• Market Order This feature lets you place orders (buy or sell) at the current market price Say, if Capgemini is being currently traded at Rs 1370 then the customer will be able to place a buy/sell order at Rs 1370.
• Limit These orders are used to place orders (buy or sell) at a predefined price quoted by the
user. Say Infosys is being traded at Rs 1370 but the customer wants to place a limit buy order to buy shares at Rs 1320 then after choosing ‘Limit’ orders. the orders will be queued but will be executed only when the commodity’s price reaches Rs 1320.
