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Zerodha Kite Review


Zerodha Kite Logo

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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 Kite Detail

ExchangeBSE, NSE, MCX
SegmentsNSE Cash, BSE Cash, NSE F&O, BSE F&O, CDS, MCX
ProductsCNC, MIS, NRML, BO, CO
Order TypesLimit, Market, SL, SL-M

Zerodha Kite Key Features

WebsiteYes
Mobile AppYes
Installable Trading TerminalNo
API'sYes
Online IPONo
Mutual FundsNo
Integrated BackofficeNo
Chart Types6
Chart Indicators100
Charts in same window4

Zerodha KITE is an online trading software. It allows customers to trade at BSE, NSE and MCX. It's a front-end application which is built in-house by Zerodha engineers. KITE platform offers 3 main products, all for free to its customers:

  1. Kite Web

    A website based trading application (runs on browser like a normal website) with streaming quotes, advance charts, keyboard shortcuts, elegant UI and all available order types.

  2. Kite Mobile App

    Zerodha Kite App is available for Android and iOS. Kite Mobile is a powerful and simple mobile trading app. The Kite Mobile App give you access to all the features available in Kite Web.

  3. Kite Connect API

    Kite APIs are simple HTTP/JSON APIs for developers who would like to build their own front-end platforms or tools to trade. These API's are offered as 'platform as a service'.

Zerodha Kite Advantages / Disadvantages

ProsCons
  • Works well in low bandwidth
  • Supports upto 10 regional languages
  • Simple, elegant interface
  • Access to APIs
  • Access to Quant for fundamental analysis using behavioral analytics
  • Integration with 3rd party apps
  • Good Funds transfer facility
  • TradingView charts are available along with ChartIQ.
  • Backtesting, scanners not available.
  • No option to invest in IPOs and Mutual Funds
  • Back office managed in a separate application
  • Minor browser based issues on charts
  • Charts from trading is not available.

Trading Platform Owner

Zerodha

Zerodha is a leading stock broker in India with lakhs of customers. The company offers online discount stock & commodity broking services at NSE, BSE and MCX. It also offers Mutual Fund investments and demat account services.

Zerodha Kite Product 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

Zerodha Kite Key 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

Zerodha Kite Features Explained

Zerodha Kite Charts

Kite offer most advanced charting with over 100 indicators, 6 chart types, 19 drawing tools, and facility to draw as many charts at a time. The chart intraday data is available from 2014 and daily charts for over 7 years for stocks, commodities, F&O, and currencies.

Key features of Zerodha Kite Charts:

  • Draw as many charts as needed
  • View up to 4 charts simultaneously in the same window.
  • Wide varieties of chart types including candle, bar, line, mountain etc are available.
  • Over 20 different drawing tools are available
  • Place orders directly from charts
  • Search and add indicators on the chart
  • Compare multiple scripts
  • Charts default to 1 min which can be changed to up to 1 month

Kite Fund Transfer

Kite 'Funds' page is for customers to add fund or withdraw the money from the trading account. Kite fund transfer allows you to:

  • Link upto 20 top banks for instant fund transfer using a payment gateway.
  • Transfer through payment gateway will cost Rs 9 + GST per transaction to customer.
  • Transfer fund using NEFT/RTGS/IMPS transfer but the funds are not available instantly.
  • Withdrawal requests are handled in Zerodha Console website (Backoffice), which has seamless integration with Kite.
  • Withdrawals are processed at 8.30 PM for Equity, F&O and currency and at 8:00 AM for commodities from Monday to Friday.

Zerodha Kite Feedback by Customers

  • Nice user interface
  • Excellent charting tool to view all the equity and commodity scripts
  • Leverage calculation and brokerage calculation are not part of the app.
  • Price alerts are not available.

Products Offered by Zerodha Kite

  1. MIS (Margin Intraday Square-off)

    MIS orders are used for intraday trades in equity and F&O segments. Zerodha offers additional leverage/margin for trade under MIS.

    Zerodha Kite MIS Buy
  2. CNC (Cash n Carry)

    CNC orders are for delivery based 'Equity' trades. 100% money (margin) is required to buy share under this order type. To sell stocks using CNC, stocks need to be available in the linked demat account.

  3. NRML (Normal F&O trades)

    NRML orders are for intraday/overnight 'F&O' trades without additional leverage. Positions taken as NRML can be held until expiry as long as required margins maintained by the customer.

  4. BO (Back Order)

    BO's are intraday limit orders with a target and stoploss and an optional trailing SL all placed simultaneously.

  5. CO (Cover Order)

    CO's are intraday market orders with a predetermined stoploss order. Higher leverage is provided for these orders as they have fixed stoploss.

  6. AMO (After Market Order)

    Orders placed for next trading day in advance. AMO orders can be placed from between 4.00 pm to 9.14 am.

    Zerodha AMO Order Time

    Segment Order Time
    Equity NSE: 3:45 PM to 8:57 AM
    BSE: 3:45 PM to 8:59 AM
    Equity F&O 3:45 PM to 9:10 AM
    Currency 3:45 PM to 8:59 AM
    Commodity Anytime during the day*

    * If MCX AMO order is placed during the market hours the order will go through the next day at 9 AM.

Order Types Offered by Zerodha Kite

  1. Market

    To place orders (buy or sell) at current market price Say, if Infosys is being currently traded at Rs 1160, a customer will be able to place a buy/sell order at Rs 1160.

  2. Limit

    To place orders (buy or sell) at predefined price. Say Infosys is being traded at Rs 1160 but customer can place a limit buy order to buy shares at Rs 1150. The orders will be queued and get executed only when the price reaches Rs 1150.

  3. SL (Stoploss or trigger order)

    SL orders are design to limit the investor's loss. It can also be used to buy/sell stocks when it reaches a certain price (trigger price).

    Zerodha Kite SL Sell
  4. SL-M

    Same as SL order but with Stop Loss 'Market Order' instead of 'Limit Order'.

    Zerodha Kite SL-M Sell

Zerodha Kite User Customization Options

  • You can personalize Kite by setting your own profile picture.
  • 5 custom marketwatch available. Each can hold up to 20 stocks.

Zerodha Kite Reports

Zerodha Kite doesn't offer any reports. Customer has to get the reports from Zerodha backoffice.

Zerodha Kite Charges / Fees

Kite is made available for free to all customers.

Brokers using Zerodha Kite

Zerodha

Special Offer

Free stock trading and mutual funds

  • Free account opening for all people.
  • 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.

Frequently Asked Questions

  1. 1. What is Zerodha support phone number?

    Zerodha Kite helpline number is +91 80 4718 1888. The Zerodha support lines are open from 8:30 AM to 6:00 PM on weekdays.

    Zerodha Call & Trade Number is +91 80 4718 1888. The Zerodha call & trade lines are open from 9:00 AM to 11:55 PM on trading days.

     

  2. 2. Where can I find the Zerodha Kite User Manual?

    Zerodha Kite user guide is available on the Zerodha website. The FAQs about Zerodha are available on the Zerodha support portal.

     

  3. 3. How to change Zerodha Kite password?

    Steps to change Zerodha Kite Password

    • Login to Kite Web or Mobile App
    • Click on the Client ID located at the extreme top right
    • Click on the My Profile link
    • Click the Change password link at the top right side of the page.
    • Enter the current and new password and click the Reset button

     

  4. 4. What are the Zerodha Kite account opening charges?

    Zerodha account opening charges are Rs 200 for online account opening and Rs 300 for offline paper-based account opening. 

    Besides, Zerodha charges Rs 300 per year Demat Account AMC that is paid Rs 75 quarterly in advance.

     

  5. 5. How to download Zerodha Kite?

    Zerodha Kite Web is a website based trading application. It does not require any download. You can open the website in any web browser on a computer or mobile phone to trade.

    Zerodha Kite Mobile App is available for download at Android/iOS stores.

    Note: Zerodha kite is not available in an installable trading terminal format. Zerodha does not offer exe based desktop trading software.

     

  6. 6. How to find my demat holdings in Zerodha Kite?

    You can check your Demat Holdings in Zerodha Kite Web or Mobile App by clicking on the Holdings tab.

    Note that stocks bought as CNC (equity delivery) will show up in the holdings from the next trading day. These stocks will be available in the demat account only after two days (T+2) from purchasing. Until stocks are delivered, they show up as T1 holdings.

     

  7. 7. How do I apply IPOs in Zerodha Kite?

    Zerodha Kite does not provide the facility to apply in IPOs. You have to use Zerodha Console to apply in IPO. Check Steps to apply in IPO with Zerodha for more detail.

    Zerodha offers UPI based online IPO application. You should have the UPI id of your bank account to invest in IPO using the Zerodha IPO application. Zerodha IPO application doesn't allow you to invest in IPO using Minor, HUF, or corporate account as UPI doesn't support it.

    You can also apply in IPO by visiting the net-banking website or app of your bank. Almost all banks offer online IPO applications using ASBA as a payment option.

     

  8. 8. How to check Ledger in Zerodha Kite?

    Zerodha ledger details are available in Zerodha Console, the back-office software. Zerodha console website also provides detailed reports of your trade, trade history, portfolio, profit & loss, tax statements, etc.

    The Zerodha ledger is a statement that reflects the details of your fund movement within the account along with the transaction details.

    Steps to check ledger in Zerodha:

    1. Log in to Zerodha Console using Kite credentials.
    2. Go to the 'Funds' tab.
    3. Click on the 'Statement' option.
    4. Select the required segment and the date range.
    5. Click on View.

    You can also download the ledger in excel format for easy reference.

     

  9. 9. How do I refer a friend to Kite?

    Zerodha Kite does not offer referral form or links. To refer a friend, you have to log in to Zerodha Console (back-office) website and visit the referral section. Refer to our step by step guide for Zerodha Referral.

     

  10. 10. Does Zerodha provide Equity & Commodity trading through mobile?

    Yes, Zerodha offers Zerodha Kite mobile app to trade in Equities, Commodities, Equity Derivatives, Currency Derivatives, and bonds. Kite mobile app is available for both Android as well as iOS devices.

    To download the Kite mobile app, go to the Google Play store or the App Store as required and type Zerodha Kite and click on install.

     

Special Offer: 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.

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