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Zerodha Pi Vs HDFC ProTerminal Options Trading Platform Comparison

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

Zerodha Pi Vs HDFC ProTerminal

  Zerodha Pi HDFC ProTerminal
Zerodha Pi Logo HDFC ProTerminal 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.

HDFC Pro Terminal is a web-based trading platform developed for traders and analysts and offers a range of essential and advanced features for fast and reliable trading. The platform offers some unique features like sentiment analysis and predictive data analysis to help you accurately gauge the market sentiment and predict the market trends.

Platform Owner What is this parameter? Zerodha HDFC securities Ltd.
Trading Segments Offered What is this parameter?

Stocks, Commodity, Currency, Derivatives

Equities, Currency, Derivatives, Mutual Funds and Bonds

Products Offered What is this parameter?

Q, Quant

Pro Terminal App

Order Type Offered What is this parameter?

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

Limit, Market, StopLoss, StopLoss-Market

Supported Exchanges What is this parameter?

BSE, NSE, MCX

NSE, BSE

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

Omnesys OMS

Risk Management System (RMA) What is this parameter?

Omnesys RMS

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Trading Platform Review

  Zerodha Pi HDFC ProTerminal
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

HDFC Pro Terminal is an advanced trading platform built for faster trading and deep analysis of stocks. Some of the key highlights of the platform are-

  • Sentiment analysis- To understand the sentiments behind a stock movement and take an informed trade call.
  • Predictive data analysis- To predict the future of the market leveraging data.
  • Strategy screen- To analyze probability for price forecast, and evaluate various options trading strategies based on your risk and reward preferences.
  • Advanced charting- To deeply analyze a stock or a contract.
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

Major features of the HDFC Pro Terminal platform are-

  • User-defined watchlists to build your own watchlists and keep track of the desired stocks.
  • Technical signals when a particular stock breaks important levels on key technical indicators.
  • 8 different types of charts including Line, Area, Candlestick, Line Break, OHLC, Range Bars, Heikin-Ashi, and Renko for comprehensive analysis.
  • Directly place an order from the Chart screen.
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,
  • Advanced trading platform that leverages high-end technology.
  • Unique features like sentimental analysis and predictive data analysis.
  • Strategy screen to evaluate option strategies.
Disadvantages
  • Supports only Windows OS.
  • Some features need time to get acquainted to.

Subscription fee to access the platform.

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Features of Trading Platform

  Zerodha Pi HDFC ProTerminal
Installable Trading Terminal What is this parameter? Yes No
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 No
Online IPO Application What is this parameter? No No
Online Mutual Funds What is this parameter? No Yes
Integrated Backoffice What is this parameter? No No
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Charts Related Features

  Zerodha Pi HDFC ProTerminal
Chart Types Supported What is this parameter? 10 8
Chart Indicator What is this parameter? 80
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