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
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Zerodha Pi |
Fyers One |
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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
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Zerodha |
Fyers securities |
Trading Segments Offered
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Stocks, Commodity, Currency, Derivatives |
Equities, Currency, Commodities and Derivatives |
Products Offered
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Q, Quant |
Fyers One, Fyers Markets, Fyers Web |
Order Type Offered
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Limit, Market, StopLoss, StopLoss-Market, Bracket, Cover, After Market Orders |
Limit, Market, StopLoss, Cover |
Supported Exchanges
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BSE, NSE, MCX |
NSE, BSE, MCX |
Brokers using this platform
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Order Management System (OMS)
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Omnesys OMS |
Omnesys OMS |
Risk Management System (RMA)
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Omnesys RMS |
Omnesys RMS |
Trading Platform Review
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Zerodha Pi |
Fyers One |
Product Highlights
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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
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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
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Key Features
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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
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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
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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,
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- 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
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Disadvantages |
- Supports only Windows OS.
- Some features need time to get acquainted to.
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- 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
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Zerodha Pi |
Fyers One |
Installable Trading Terminal
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Trading Website
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Mobile Trading App
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API Access
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Offered by Multiple Brokers
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Equity Trading
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Currency F&O Trading
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Commodity Trading
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Online IPO Application
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Online Mutual Funds
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Integrated Backoffice
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Charts Related Features
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Zerodha Pi |
Fyers One |
Chart Types Supported
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10 |
4 |
Chart Indicator
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80 |
60 |
Place Orders from Chart
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Features of Trading Platform
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