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Zerodha Pi Vs Fyers One Options Trading Platform Comparison

Compare Trading Platform Zerodha Pi and Fyers One. Find similarities and differences between Zerodha Pi and Fyers One Trading Softwares. Find the most powerful trading platform. Find which trading software is better among Zerodha Pi and Fyers One.

Zerodha Pi Vs Fyers One

  Zerodha Pi Fyers One
Zerodha Pi Logo Fyers One Logo
About Trading Platform

Zerodha's PI is a free, installable trading platform developed in-house. The platform features advanced charting, algos, strategies, and backtesting.

Fyers One is a trading platform launched in May 2016. The platform comes in 3 versions- an installable trading platform, a web trading platform, and a mobile app.

Platform Owner What is this parameter? Zerodha Fyers securities
Trading Segments Offered What is this parameter?

Stocks, Commodity, Currency, Derivatives

Equities, Currency, Commodities and Derivatives

Products Offered What is this parameter?

Q, Quant

Fyers One, Fyers Markets, Fyers Web

Order Type Offered What is this parameter?

Limit, Market, StopLoss, StopLoss-Market, Bracket, Cover, After Market Orders

Limit, Market, StopLoss, Cover

Supported Exchanges What is this parameter?

BSE, NSE, MCX

NSE, BSE, MCX

Brokers using this platform What is this parameter?
Order Management System (OMS) What is this parameter?

Omnesys OMS

Omnesys OMS

Risk Management System (RMA) What is this parameter?

Omnesys RMS

Omnesys RMS

Trading Platform Enquiry Open Instant Account with Zerodha Pi Open Instant Account with Fyers One

Trading Platform Review

  Zerodha Pi Fyers One
Product Highlights What is this parameter?

Zerodha's Pi offers many unique features to make trading fast and accurate. Some of the major highlights of the platform are-

  • Leverages advanced technologies like AI and neural networks etc., to offer powerful trading tools.
  • Loads of historical data for analysis and backtesting
  • Charting and pattern recognition helps in deeper analysis of stocks
  • Offers automated trading advice
  • Integration with 3rd party tools

Some of the major highlights of the Fyers One trading platform are-

  • Highly advanced charting with over 60 indicators
  • Inbuilt stock screeners to identify profitable opportunities
  • Advanced EOD Reports
  • Portfolio Tracker and Simulation
Key Features What is this parameter?

Zerodha's Pi offers a range of features suitable for beginner to advanced traders. Some of the major features are-

  • Single platform to trade in multiple segments and exchanges
  • Single platform for trading, charting and analyzing
  • Integrated OMS and RMS for fast and accurate trading.
  • 10 different types of charts, 80 built-in technical indicators and over 30 drawing tools for annotation.
  • One click direct trading from charts
  • Support for coding advanced strategies and backtesting
  • Supports pattern recognition scanner for technical analysis
  • Access to loads of historical data
Fyers One Features

Source: Fyers One

Fyers One is a robust platform that offers a comprehensive set of features like-

  • Advanced Charting with a facility to directly trade from the chart
  • Price Ladder Trading for intraday traders.
  • Technical screeners to keep a track on the trends, intraday movements, support and resistance levels, circuit breakers, etc.
  • FnO Analysis tools for making speedy trading decisions.
  • Market data on global equity indices, commodities, currencies, and ADRs.
  • EOD reports and analysis after market hours.
  • Ten uniquely styled customizable workspaces.
  • Portfolio tracker and simulation
Advantages
  • Advanced charting with 10 different types of charts, 80 technical indicators and over 30 drawing tools.
  • Zerodha Pi uses works with basic desktop configuration.
  • Integrates with 3rd party platforms like Ninja Trader, Meta Trader and Ami Broker,
  • In-house developed powerful trading platforms
  • Facility for Thematic investments
  • Trading platforms available for free of cost.
  • Advanced Charts
  • Price Ladder Trading for intraday traders
Disadvantages
  • Supports only Windows OS.
  • Some features need time to get acquainted to.
  • Bracket orders (BO) / cover orders (CO) are not available.
  • Exchange transactions charges are slightly higher than other discount brokers.
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Features of Trading Platform

  Zerodha Pi Fyers One
Installable Trading Terminal What is this parameter? Yes Yes
Trading Website What is this parameter? No Yes
Mobile Trading App What is this parameter? No Yes
API Access What is this parameter? No No
Offered by Multiple Brokers What is this parameter? No No
Equity Trading What is this parameter? Yes Yes
Currency F&O Trading What is this parameter? Yes Yes
Commodity Trading What is this parameter? Yes Yes
Online IPO Application What is this parameter? No No
Online Mutual Funds What is this parameter? No No
Integrated Backoffice What is this parameter? No Yes
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Charts Related Features

  Zerodha Pi Fyers One
Chart Types Supported What is this parameter? 10 4
Chart Indicator What is this parameter? 80 60
Place Orders from Chart What is this parameter? Yes Yes
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Trading Platform Related Abbreviations / Definitions

  • Back-Office - The back office application facilitate trade analysis, managing funds in the trading account, managing portfolio, pledged holdings, P&L Statements, reports related to tax filings, end of day reports and historical data.
  • OMS – An Order Management System is a software program developed to execute market transactions in an efficient and cost-effective manner. Stockbroker uses OMS to manage orders received from customers.
  • RMS - The risk management system of Trading Platform. This core component manages various risk components while trading. This includes making sure that customer has enough margin available for open positions and take the required actions in case of short of capital.
  • Trading Product Types
    • MIS - Margin Intraday Square-off
    • CNC - Cash n Carry
    • NRML - Normal F&O trades
    • BO - Bracket Order
    • CO - Cover Order
    • AMO - After Market Order
  • Order Types
    • Market Order
    • Limit Order
    • SL Order - Stoploss or trigger
    • SL-M Order - Stoploss Market
  • Exchanges
    • BSE - Bombay Stock Exchange
    • NSE - National Stock Exchange
    • MCX - Multi Commodity Exchange