Zerodha Pi Review
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Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.
Zerodha Pi Detail
| Exchange | BSE, NSE, MCX |
| Segments | Stocks, Commodity, Currency, Derivatives |
| Products | Q, Quant |
| Order Types | Limit, Market, StopLoss, StopLoss-Market, Bracket, Cover, After Market Orders |
Zerodha Pi Key Features
| Website | No |
| Mobile App | No |
| Installable Trading Terminal | Yes |
| API's | No |
| Online IPO | No |
| Mutual Funds | No |
| Integrated Backoffice | No |
| Chart Types | 10 |
| Chart Indicators | 80 |
| Charts in same window | 4 |
Zerodha Pi was launched in July 2015. It is an installable trading application that allows traders to trade from their laptops and desktops. It supports trading in multiple segments like equities, currency, commodities, and derivatives etc., across multiple exchanges NSE, BSE and MCX etc., from a single platform. The platform offers good features like advanced charting, algos, strategies, and backtesting etc., and is available free of cost for Zerodha's customers.
Pi offers traders a single platform to do trading, charting and analysis.
Zerodha Pi Advantages / Disadvantages
| Pros | Cons |
|---|
- Advanced charting with 10 different types of charts, 80 technical indicators and over 30 drawing tools.
- Zerodha Pi uses works with basic desktop configuration.
- Trade from the charts.
- Leverages advanced technologies like AI and neural networks to offer advanced features and tools
- Huge historical data for backtesting
- Integrates with 3rd party platforms like Ninja Trader, Meta Trader and Ami Broker,
|
- Supports only Windows OS.
- Some features need time to get acquainted to.
|
Trading Platform Owner
Zerodha
Incorporated in 2010, Zerodha is a Bengaluru based discount broker providing trading services in equities, currency, commodities, and derivatives. The company is amongst the fastest growing, top volume contributors on NSE, BSE, MCX-SX and MCX exchanges, with an average daily trading turnover of more than ₹10,000 crores.
Zerodha Pi Product Highlights
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
Zerodha Pi Key Features
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
Zerodha Pi Features Explained
Source: Zerodha
- Powerful charting: Traders have 10 different types of charts, 80 technical indicators and over 30 drawing tools for annotation. They can also trade directly from the charts.
- Historical data- Pi offers 50,000 candles worth of historical data on Equities, Indices, Commodity, Currency, and F&O. It supports dockable views that allows traders to stack their data in charts side by side for analysis.
- Algos, strategies, and back testing- Traders can also code advanced strategies with a simple scripting language. It also supports backtesting and semi-automating strategies.
- Pattern recognition- Pi offers a pattern recognition screener that allows traders to do deep technical analysis. The scanner uses Artificial Intelligence algorithms to confirm patterns, support and resistance levels and helps in identifying breakouts.
- Artificial intelligence and Neural Networks- Pi leverages advanced technologies like AI and neural networks to help you optimize your trading strategies.
- Automated Expert advisors- Traders can benefit from strategies and real-time trade signals identified by automated expert advisors to optimize their trades.
- 3rd Party Integration: Pi supports integration with 3rd party platforms such as Ninja Trader, Meta Trader and Ami Broker, etc.
Zerodha Pi Trading Platform Demo
Demo Video
Zerodha Pi Feedback by Customers
Customers have positive experience trading with Zerodha. However, a lot of customers would like the platform to be available in other operating systems in addition to windows.
Products Offered by Zerodha Pi
Source: Zerodha
Q- It is a reporting/back office tool built that provides traders with-
- Summary of accounts using donut charts
- Funds page to place/track withdrawal requests
- Portfolio to monitor average buying price, unrealized profit/loss, pledged holdings, and open positions of existing trades
- Check your historical open positions and also download all reports if required to an excel.
- Tradebook with heatmap to better visualize your trading activity
- Absolute & Indicative P&L Statements statements
Quant- It provides traders with analysis and insights of their own trading behavior and helps them improve their trading skills and strategies. It works like a personal trading journal for traders giving them access to breakdowns of best trading periods, most profitable streaks, optimal position sizes etc.
Order Types Offered by Zerodha Pi
- Limit (LMT) order- Orders executed at a predetermined price
- Market (MKT) order-Orders executed at the best available price.
- Stoploss (SL)- SL for orders with predetermined price to be executed when trigger is hit.
- Stoploss Market (SL-M)- For orders when a market order is to be executed when a trigger is hit.
- Bracket Order - Here you can place 3 orders at once-
- Buy/Sell order
- Book Profit order
- Stop Loss order
- Cover Order - An order which is placed along with Stop Loss Order, in a specified range. This Stop Loss Order cannot be canceled.
- After-market Order (AMO) - Traders can place orders for the next trading day any time from 4:00 PM to 8:59 AM for equities, upto 9:59 for commodities and up to 9:09 AM for F&O trading. The orders will be executed in the next trading day.
Zerodha Pi User Customization Options
Zerodha Pi offers many customization options like creating custom alerts, choosing color themes etc
Zerodha Pi Reports
Zerodha Pi offers a range of reports including-
- Order Book
- Trade Book
- P&L Statements
- Holdings
- P&L Statements
Zerodha Pi Charges / Fees
Zerodha Pi is available free of cost.
Brokers using Zerodha Pi
Zerodha
Free stock trading and mutual funds
- Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +
- Brokerage-free Direct Mutual Fund investment + +
- Trade with the best trading platform in India.
This is a limited time offer. Open an instant Zerodha account online and start trading today.
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