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
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Zerodha Pi |
HDFC ProTerminal |
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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. |
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
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Zerodha |
HDFC securities Ltd. |
Trading Segments Offered
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Stocks, Commodity, Currency, Derivatives |
Equities, Currency, Derivatives, Mutual Funds and Bonds |
Products Offered
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Q, Quant |
Pro Terminal App |
Order Type Offered
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Limit, Market, StopLoss, StopLoss-Market, Bracket, Cover, After Market Orders |
Limit, Market, StopLoss, StopLoss-Market |
Supported Exchanges
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BSE, NSE, MCX |
NSE, BSE |
Brokers using this platform
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Order Management System (OMS)
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Omnesys OMS |
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Risk Management System (RMA)
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Omnesys RMS |
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Trading Platform Review
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Zerodha Pi |
HDFC ProTerminal |
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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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.
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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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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.
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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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- Advanced trading platform that leverages high-end technology.
- Unique features like sentimental analysis and predictive data analysis.
- Strategy screen to evaluate option strategies.
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Disadvantages |
- Supports only Windows OS.
- Some features need time to get acquainted to.
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Subscription fee to access the platform. |
Features of Trading Platform
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Zerodha Pi |
HDFC ProTerminal |
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 |
HDFC ProTerminal |
Chart Types Supported
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10 |
8 |
Chart Indicator
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80 |
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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