Published on Thursday, March 1, 2018 by | Modified on Monday, December 31, 2018
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 is an online trading software. It allows customers to trade at BSE, NSE and MCX. It's a front-end application which is built in-house by Zerodha engineers. KITE platform offers 3 main products, all for free to its customers:
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.
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.
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
|Segments||NFO, NSE, BSE, BFO, CDS, MCX|
|Products||CNC, MIS, NRML, BO, CO|
|Order Type||Limit, Market, SL, SL-M|
Kite is 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 few key features which make Kite a unique trading experience.
Zerodha kite is an online trading website and mobile app trading front-end. There are few key features which Zerodha kite doesn't offer:
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:
MIS orders are used for intraday trades in equity and F&O segments. Zerodha offers additional leverage/margin for trade under MIS.
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.
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.
BO's are intraday limit orders with a target and stoploss and an optional trailing SL all placed simultaneously.
CO's are intraday market orders with a predetermined stoploss order. Higher leverage is provided for these orders as they have fixed stoploss.
Orders placed for next trading day in advance. AMO orders can be placed from between 4.00 pm to 9.14 am.
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.
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.
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).
Same as SL order but with Stop Loss 'Market Order' instead of 'Limit Order'.
Kite 'Funds' page is for customers to add fund or withdraw the money from the trading account. Kite fund transfer allows you to:
Kite Web provides a list of shortcuts which can be used to take actions or navigate through kite application quickly. The shortcuts are very convenient and useful feature of Kite software. Here is the list of shortcuts offered by Kite.
Kite Shortcut Keys
|A||Account Overview||Go to the account overview page|
|~||Search||Go to the smart search box on the left top|
|Ctrl+shift+1||Switch to particular Market Watch based on the number at end (1 to 5).|
|B||Buy||Hover over the scrip on the watchlist and press B to initiate a Buy Order Window.|
|S||Sell||Hover over the scrip on the watchlist and press S to initiate a Sell Order Window.|
|D||Market Depth||Hover over the scrip on the watchlist and press D to open Market Depth.|
|O||Order Book||Open Order Book.|
|F||Fund Transfer||Open Fund transfer and withdrawal page|
|H||Holdings||Open Holdings page to view current holdings.|
|P||Position||To track, monitor, act on all F&O and intraday equity positions|
|C||Chart||To initiate charts for selected script|
Kite Helpline / Support Number (8:30 AM - 6:00 PM)
Zerodha Kite Call & Trade Number (9:00 AM - 11:55 PM)
A detailed user manual / tutorial for kite is available on Zerodha website.
For Zerodha Kite change password, please follow the steps below:
Zerodha charge Rs 300 for a trading account and Rs 100 for a demat as account opening charges. Zerodha also charge Rs 300 per year AMC for a demat account which needs to be paid in advance.
Yes, Zerodha customer who have MCX commodity segment enabled for trading can use Kite to trade in commodities.
Zerodha KITE web is a website based trading application. It doesn't require any download.
Zerodha KITE Mobile Apps can be downloaded from Android/iOS stores.
If you are interested in exe based trading terminal, Zerodha offers Pi which can be downloaded from Zerodha website.
To view demat holding, click on the 'Holdings' tab on top.
Note that stocks bought as CNC (equity delivery) will show up in the holdings from the next trading day. These stocks will be available in the demat account only after two days (T+2) from purchasing. Until stocks are delivered, they show up as T1 holdings.
Zerodha Kite doesn't provide facility to apply in IPO's online.
Zerodha customer can apply in IPO by visiting online banking portal of the bank they have an account with. This is not as convenient as broker offered online IPO's, but it works. A customer has to fill the Zerodha demat account related information manually every time while applying in online IPO's through the bank.
Kite is a trading software. It doesn't provide ledger detail.
Zerodha backoffice Q provides all historical reports, ledger, profit & losses, tax, fund withdrawal requests, historical holdings/positions table, trade and P&L visualizations and more.
To refer a friend, please visit Zerodha Backoffice Q. Kite app doesn't offer referrals.
Zerodha kite offers leverage/margin as per the standard Zerodha policy as below:
Zerodha Kite is a front-end trading application which runs on a browser (i.e. Google Chrome or Internet Explorer) or mobile trading app.
Zerodha Pi is an installable exe based trading terminal. Pi offers many additional features designed for high-frequency traders.
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