Zerodha is known to be one of the technology innovators in the Indian Stock broking space, especially when it comes to discount broking. Zerodha’s trading platforms boost of optimal user experience, features and performance. Zerodha Kite 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.
It comes in both Web as well as Mobile versions. For an understanding of the mobile variant, you can check this review on Zerodha Mobile App.
As per the web version, the application is currently available as Zerodha kite 3.0.
Zerodha Kite can be accessed from any browser across devices such as Laptop, Desktop, Tablet or Mobile. Here is a quick look at its web-version:
Kite has been used by more than 800,000 clients and Zerodha claims to process 200 million requests every day through this platform.
Zerodha Kite Features
This detailed review can be seen as the Zerodha Kite tutorial as well. So let’s start with some of the top features of this trading application includes:
Kite is available in 10+ regional languages including Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujarati, Punjabi and Oriya.
Light to Use
Kite is a light weight 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.
Zerodha Kite Charts
When it comes to Zeordha Kite Charts, there is a wide range this trading application provides to its users.
Such a functionality is useful for all kinds of traders and investors irrespective of their trading experience, objective and goal orientation.
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.
As far as the timeline is concerned, for intraday charts the tool provides data since 2014 and you can have daily-level charts for the last 7 years across different trading segments.
To give you a quick idea on how the drawing tools are used over these charts, here is a look for your reference:
Smooth User Experience
With its minimalistic user interface, Zerodha kite offers one of the best user experiences to its clients with easy navigation and high usability along with a provision to set-up shortcut keys (explained later).
This is useful especially for beginner level traders who may find it hard to understand the complexities of a trading software.
Easy order placement feature with a single click across multiple order types. Although, you may choose to use the regular order placement feature by going through that specific functionality, however, Zerodha kite offers you a single-click order provision.
This feature is useful for intraday traders where profits can convert to losses within a matter of seconds.
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 list. Although, this is a generic feature and is available in most of the trading applications, however, Zerodha Kite Market watch feature is reasonably easy to use.
Shortcut keys for easy access to features that may otherwise require a whole navigation to go through. You can personalize these shortcut keys as per your convenience as well.
Here is a quick look with the help of this screenshot below:
Although these features are provided in isolation as well, this trading platform also allows you to use any of these within the application too.
Wide Range of Trading Products
As per the broker’s claims, you can search for around 90k stocks and derivatives products across different indices. These products can be stocks, commodities, currency pairs, indices (for that matter).
That is definitely one of the widest ranges offered among different trading platforms.
Zerodha Kite – Getting Started
Let’s have a quick understanding on how you can get started with the usage of Zerodha Kite trading platform:
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 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. You may choose to use either of the transfer methods including NEFT, RTGS or IMPS, where IMPS transfer may happen almost instantaneously while NEFT may take a few hours.
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, 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 Disadvantages
Some of the concerns faced by users while using Kite include:
Backtesting not possible using Zerodha kite.
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.
Zerodha Kite Advantages
At the same time, some of the advantages users of kite 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.
You may choose to subscribe to Zerodha kite alerts and notifications to stay information about any specific news the broker wants to share about this application.
Zerodha Kite can also be availed in the form of a chrome extension where specific features (such as order placement, stock tracking etc) can be accessed. This is one of the rare benefits of using Zerodha Kite.
Zerodha kite charges are nil and the stockbroker levies no separate charts for the usage of this application from its clients.
As mentioned earlier, Zerodha kite is available in a mobile version as well.