Zerodha Kite Vs Tradelab Pi Trading Platform Comparison

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

Zerodha Kite Vs Tradelab Pi

  Zerodha Kite Tradelab Pi
Zerodha Kite Logo Tradelab Pi Logo
About Trading Platform

Zerodha Kite is the flagship trading platform offered by Zerodha, India's most popular stock broker. Kite platform has a website and mobile trading app which is developed in-house by Zerodha.

Tradelab Pi is a front-end stock trading platform. It offers web, mobile and desktop-based trading applications for retail traders. Designed for beginners to advanced traders, these trading apps are simple yet very powerful in terms of speed of execution and rich features.

Platform Owner Zerodha Tradelab Software Pvt. Ltd.
Trading Segments Offered NSE Cash, BSE Cash, NSE F&O, BSE F&O, CDS, MCX Equity, Equity F&O, Commodity F&O, Currency F&O
Products Offered CNC, MIS, NRML, BO, CO CNC, MIS, NRML, BTST, BO, CO
Order Type Offered Limit, Market, SL, SL-M Limit, Market, SL, SL-M, CO, BO, AMO
Supported Exchanges BSE, NSE, MCX BSE, NSE, MCX
Brokers using this platform
Order Management System (OMS) NEST Order Management Systems (OMS) by Omnesys Omnesys OMS
Risk Management System (RMA) NEST Risk Management Services (RMS) by Omnesys Omnesys RMS
Trading Platform Enquiry Open Account Open Account

Zerodha Kite Vs Tradelab Pi Review

  Zerodha Kite Tradelab Pi
Highlights
  • Powerful web and mobile trading application
  • Works well in low bandwidth
  • Charts offered from two providers; TradingView and ChartIQ.
  • Extensive charting with over 100 indicators and 6 chart types
  • Advanced order types like Brackets and cover
  • Build on top of Omnesys OMS and RMS
  • Pi is designed, built and maintained by Tradelab Software Pvt Ltd.
  • Pi is front-end trading software only. It uses Omnesys RMS and OMS which makes it secure and powerful.
  • Pi is available as a mobile app, desktop trading terminal, and browser-based trading website.
  • Pi's user interface is simple, fast and elegant.
  • Pi is offered by multiple stock brokers including Zerodha, Aliceblue, Trustline, SASOnline, Adroit, Religare and MasterTrust.
  • It supports multiple exchanges (NSE, BSE, and MCX) and segments (Equity, F&O, Currency, Commodity).
  • Advance order types such as Bracket Order, Cover Orders and After Market Orders are available.
  • 80+ Technical Indicators for Technical Analysis.
  • 10 types of charts such as Candle, Bar, Heikin-Ashi, etc.
Features

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. 

  1. Dashboard / Account Summary
  2. Market Watches
  3. Streaming Quotes
  4. Browser Notifications
  5. Market Depth View with Streaming Updates
  6. Floating Order Window
  7. Exit multiple orders/positions in one click
  8. Multiple chart view (4 charts on the same screen)
  9. Trade from charts (place trades from popped out charts)
  10. Order Types: Regular, CO, BO, AMO
  • Switch seamlessly between web, mobile and desktop.
  • Get real-time market information about market indices, stocks and F&O contracts.
  • Create customize market watch and see market depth with just one click.
  • Trade across asset classes and stock exchanges (i.e. BSE, NSE and MCX) from the single trading platform.
  • Trade using advance order types i.e. CO and BO.
  • View reports including open positions, trade history and order history. Manage all your orders in one place.
  • Analyse stocks using candle charts with various studies to analyze the market.
  • Create custom alerts.
  • The Pi Installable Trading Terminal has advanced features including
    • Advanced charting
    • Keyboard shortcuts
    • Strategy back-testing
    • Consensus report,
    • Multiple window cascading
    • Order from charts
    • Technical analysis with 80+ technical indicators
    • Free historic data for back testing.
Advantages
  • Clean & intuitive UI
  • ₹0 brokerage for equity delivery and flat ₹20 for F&O trading.
  • Universal search for all contracts across all exchanges - NSE, BSE, MCX
  • Live Steaming quotes
  • Multiple marketwatch and live market depths
  • Advanced chart with 100+ indicators
  • Advance order types including AMO, BO (Bracket orders), CO (Cover orders)
  • Tradelab Pi is simple, fast and elegant trading software for online trading.
  • It was built in 2015. Tradelab is adding many new features to it.
  • Pi software uses low CPU resources and memory, allowing trade with desktop and laptop with basic configuration easily.
  • It can work at a low internet bandwidth as well.
Disadvantages
  • Not available as installable trading terminal.
  • Option to investing in IPO's online is not available.
  • Mutual Funds investment is not part of this platform.
  • Reporting is part of a seprate backoffice software.
  • Dependency on Omnesys OMS and RMS systems.
  • It's 3rd party software rented by stock brokers.

Zerodha Kite Vs Tradelab Pi Features

  Zerodha Kite Tradelab Pi
Installable Trading Terminal No Yes
Trading Website Yes Yes
Mobile Trading App Yes Yes
API Access Yes No
Offered by Multiple Brokers No Yes
Equity Trading Yes Yes
Currency F&O Trading Yes Yes
Commodity Trading Yes Yes
Online IPO Application No No
Online Mutual Funds No No
Integrated Backoffice No No

Zerodha Kite Vs Tradelab Pi Charts

  Zerodha Kite Tradelab Pi
Chart Types Supported 6 10
Chart Indicator 100 80
Place Orders from Chart Yes Yes

Trading Platform Definitions and Abbreviations

  • 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







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