Zerodha Kite Web Review

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Zerodha Kite Web

Zerodha Kite Web
8.1

Speed or Performance

8.0 /10

Ease of Use

7.5 /10

Analysis Tools

8.5 /10

Data Accuracy

8.5 /10

Reliability

8.0 /10

Pros

  • Light Weight Application
  • Third Party Integrations available
  • Multi-Lingual Support

Cons

  • Backtesting not Possible
  • Minor Browser based Issues in Charting

Zerodha Kite Web Review – Introduction

Zerodha is known to be one of the technology innovators in the Indian Stock broking space. Zerodha’s trading platforms boost of optimal user experience, features and performance. Zerodha Kite Web is one of those platforms that are lightweight, easy to use and are HTML5  based where users do not need to download or install any software.

There are other trading platforms offered by this discount broker such as Zerodha Mobile App, Zerodha Streak, Zerodha Coin, Zerodha Pi, Zerodha Open trade for different client requirements and trading preferences.

Zerodha Kite web can be accessed from any browser across devices such as Laptop, Desktop, Tablet or Mobile.

Kite web has been used by more than 70,000 clients and Zerodha claims to process 5 million requests every day through this platform.

Features of Zerodha Kite Web

Some of the top features of Zerodha Kite Web include:

  • Kite web is available in 10+ regional languages including Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujarati, Punjabi and Oriya

  • Kite web is a light application and uses minimal internet bandwidth. Thus, users staying in third or fourth tier cities do not face much of a connectivity issue in using Zerodha Kite. An example of its light usage is that its market watch feature consumes less than 0.5 Kbps of internet bandwidth.
  • Advanced charting feature offers 6 different chart types including Helkin-Ashi, Kagi, Linebreak, Point and Figure, Range Bars and Renko with 100+ technical indicators and 20+ drawing tools. This feature is of utmost importance to users who perform their technical and fundamental analysis on their own.

  • With its minimalistic user interface, Zerodha kite web offers one of the best user experiences to its clients with easy navigation and high usability.
  • Easy order placement feature with a single click across multiple order types
  • In-built integration with Quant, an analytical tool built by Zerodha, allows clients to perform fundamental analysis through behavioural analytics.
  • Up to 5 Market watch lists with 40 scrips allowed in each market watch
  • Shortcut keys for easy access to features

  • Few add-on utilities within Zerodha Kite web include:
    • Brokerage Calculator
    • Margin Calculator
    • Zconnect
    • Quant
    • Pulse

Zerodha Kite Web – Get Started

  • As soon as you open the account with Zerodha, you are sent a couple of confirmation emails by the discount broker.
  • One of these emails contains login information to Zerodha Q which is the reporting tool provided by the broker to its clients.
  • The other email contains the login details of Zerodha Kite Web including a one-time password. Once you access the application using these credentials, you are required to change the password as per your preferences.
  • Once you login into the application, by default, you will be provided with a tour of the application with each step being explained for your ease later.

  • Post the tour, you may choose to personalize the application in terms of your profile picture, password and other related details:

  • You can transfer funds from and into the Zerodha trading account in a pretty straight-forward manner. For moving money into your trading account, you have the option to choose from any of the provided 20 banks:

  • At the same time, when it comes to withdrawals, the settlement happens in T+2 days i.e. if you have sold stocks today, then it will be reflected in your trading account in the next 2 business days. For future and options trading, the duration is 1 day:

  • As mentioned, through Zerodha Kite Web, you can place multiple types of orders such as Limit Order, Market Order, Stoploss order, Normal order etc. The order placement process is easy and can be done using a floating window that can be accessed as shown below:

  • If you want to have a look at your holdings, that can be done through the View Portfolio feature where all your stock positions/holdings are mentioned along with the net profit or loss against your trades:

Zerodha Kite Web Comparisons

 

Disadvantages of using Zerodha Kite Web

Some of the concerns faced by users while using Kite web include:

  • Backtesting not possible using Zerodha kite web.
  • Feature to place order directly on the chart is not possible as of now.
  • Minor issues in charting features seen in firefox browser
  • Single sign-on feature not possible yet.

Advantages of using Zerodha Kite Web

At the same time, some of the advantages users of kite web enjoy are:

  • Works smoothly at low internet bandwidth across small cities and towns of the country
  • One of the best trading platforms that offer multiple integrations with third-party tools such as Varsity, Quant, Zconnect etc.
  • Available in multiple languages so that users who do not understand English well can trade in their regional languages
  • Fund transfers across multiple banks possible with minimal clicks

If you are looking to open an account, you can provide your details in the form below and we will arrange a call back for you:

Free Demat Account

 

More on Zerodha:

 

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