Zerodha Kite Review – Simple and Powerful Trading Platform

Published on Thursday, March 1, 2018 by Chittorgarh.com Team | Modified on Thursday, April 8, 2021

Zerodha is a leading stockbroker in India with lakhs of customers. The company offers advanced trading software to its customers. Zerodha Kite is the flagship trading software of the company. Kite trading platform is available in web and mobile versions.

What is Zerodha KITE (or Kite)?

Zerodha KITE is an online trading software. It allows customers to trade at BSE, NSE and MCX. It's a front-end application that is built in-house by Zerodha engineers. KITE platform offers 3 main products, all for free to its customers:

1. Kite Web

   A website based trading application (runs on a 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 gives you access to all the features available on 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'.

Zerodha Kite offerings

Zerodha Kite Review- Key Features

Kite is a superior trading platform loaded with many features which are not provided by its competitor. As Kite is under active development, Zerodha is bringing in 100's of new features every new version released. Here are a few key features which make Kite a unique trading experience.

1. Dashboard / Account Summary
2. Market Watches
3. Streaming Quotes
4. Browser Notifications
5. Market Depth View with Streaming Updates
6. Floating Order Window
7. Exit multiple orders/positions in one click
8. Multiple chart view (4 charts on the same screen)
9. Trade from charts (place trades from popped out charts)
10. Order Types: Regular, CO, BO, AMO

Zerodha Kite Doesn't Offer

Zerodha Kite is an online trading website and mobile app trading front-end. There are few key features which Zerodha kite doesn't offer:

1. Zerodha Kite Mutual Funds – Kite doesn't provide the option to invest in Mutual Funds. Zerodha provides online MF investment through another tool named ‘Coin'.
2. Back-Office – Zerodha Back office is a separate web application. It's named as ‘Console'. It is not part of the kite platform and the data is refreshed overnight.

Zerodha Kite Demo

Zerodha Kite Charts

Kite offers the 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 a 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

Zerodha Kite Trading Products

1. MIS (Margin Intraday Square-off)

   MIS orders are used for intraday trades in the 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 shares 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 stop-loss and an optional trailing SL all placed simultaneously.

5. CO (Cover Order)

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

6. AMO (After Market Order)

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

   Zerodha AMO timings:

   • Equity – 3:45 PM to 8:57 AM for NSE and 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
   • Commodity (MCX) – Anytime during the day, if placed during the market hours the order will go through the next day at 9 AM.

KITE Order Types

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 a predefined price. Say Infosys is being traded at Rs 1160 but the 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'.

   

Kite Fund Transfer

Kite ‘Funds' page is for customers to add funds or withdraw the 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 payment gateway will cost Rs 9 + GST per transaction to the customer.
• Transfer fund using NEFT/RTGS/IMPS transfer but the funds are not available instantly.
• Withdrawal requests are handled in Zerodha Console (back-office website), which has seamless integration with Kite.
• Withdrawals are processed at 8.30 PM for Equity, F&O and currency and at 8:00 AM for commodities from Monday to Friday (only once a day).

Zerodha Kite Shortcut keys

Kite Web provides a list of shortcuts that can be used to take actions or navigate through kite applications quickly. The shortcuts are a very convenient and useful feature of Kite software. Here is the list of shortcuts offered by Kite.

Conclusion

Zerodha Kite is an excellent platform for traders. The platform is recognized as one of the best in the industry. It offers advanced features like charts with technical indicators, multiple order types, and fast trading experience. Also, it is a light platform, available in web and mobile versions, but packs a punch of a desktop terminal.

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