Zerodha is one of the most popular trading apps in India with more than 10M downloads on the Google Play store with a 4.2 rating for the app.
However, despite the lower number of reviews on Apple’s Appstore, Zerodha Kite has managed to secure an impressive 11th rank in the top finance apps category on Apple’s App Store.
This indicates a strong presence and reliability of the Zerodha Kite app across different platforms.
Let’s go through Zerodha Kite Trading App Review in detail.
Zerodha Kite Trading App Review (A Quick Glance)
Zerodha Kite Trading App is a user-friendly platform that allows you to trade in stocks, derivatives (F&O), IPOs, currency, and commodity trading.
One of the standout features of Zerodha Kite is its easy-to-use interface makes it use effortlessly even for beginners.
When it comes to brokerage, Zerodha Kite offers a significant advantage. Zerodha Kite provides zero brokerage on equity delivery trades, unlike other platforms like Upstox and Groww that charge brokerage on equity delivery. This is especially beneficial for newcomers who prefer to start with small investments and don’t want to pay brokerage fees on those trades.
Furthermore, Zerodha Kite excels in providing efficient customer service. They offer two support channels, which are email or creating tickets through the app or calling the support over the phone.
Let’s discuss all the features and benefits of the Zerodha Kite trading app in detail.
Zerodha Kite Features And Benefits
#1. Easy-to-Use App Interface
Zerodha Kite Trading App is designed with simplicity in mind, making it incredibly user-friendly even for beginners. The intuitive interface ensures that you can navigate through the app effortlessly, enabling a seamless trading experience.
Let’s take a closer look at the different sections of the Zerodha Kite app:
The Watchlist section allows you to create and manage multiple watchlists tailored to your trading preferences. You can create separate watchlists for different trading types, such as your favorite stocks, options trading (e.g., bank nifty), and commodity trading (e.g., natural gas). This feature helps you stay organized and monitor the specific instruments that matter to you.
In the Orders section, you will find all your executed and pending orders conveniently listed. This includes both market orders and limit orders. Additionally, Zerodha Kite provides easy access to other order types, such as GTT (Good Till Triggered) orders, IPO (Initial Public Offering) orders, and Auctions. This section ensures that you have a clear view of all your trading activities in one place.
The Portfolio section is divided into two parts: Holdings and Positions.
The Holdings tab gives you an overview of your current holdings, including the quantity and average price of each stock or instrument you own.
The Positions tab provides a detailed view of your open positions, displaying relevant information such as unrealized profits or losses. This section helps you keep track of your investments and assess your portfolio performance.
The Tools section of Zerodha Kite offers a range of useful functionalities to enhance your trading experience. It consists of three sub-sections:
- SIPs (Systematic Investment Plans): With SIPs, you can set up regular investment plans for selected stocks, helping you automate your investment strategy and promote disciplined investing.
- Baskets: The Baskets feature allows you to create customized baskets of stocks or instruments. This enables you to execute multiple trades simultaneously, making it more efficient and convenient, especially when you have a predefined set of trading strategies.
- Alerts: Zerodha Kite enables you to set up customized alerts to stay informed about price movements, volume changes, and other market events. This feature ensures that you never miss important trading opportunities or crucial market developments.
The Profile section provides access to essential account-related information and settings. Here, you can manage your funds, review your profile details, and make necessary adjustments to suit your preferences.
Additionally, you can customize your chart settings, choose your preferred theme, and access the Zerodha Console, which offers a comprehensive view of your back-office activities. The Profile section also provides easy access to customer support, allowing you to seek assistance whenever needed.
#2. Advanced Orders Types
Zerodha Kite Trading App offers a range of advanced order types, empowering traders with more flexibility and control over their trades. Let’s dig deep into three of these order types –
I. GTT Orders
GTT (Good Till Triggered) orders are a powerful feature available on Zerodha Kite. They allow you to place an order at a specific trigger price and keep it active until it is executed or canceled. This order type is particularly useful when you want to enter or exit a position based on a specific price level.
For example, let’s say you are tracking ITC stock that is currently trading at Rs 440 per share, and you believe that if it reaches Rs 405 or below, it can be a good buying opportunity. Here a GTT order comes in handy.
With GTT orders, you can set a trigger price and place a buy order. If the stock price reaches or surpasses the trigger price (in this case Rs 405), your order will be executed automatically, saving you time and ensuring you don’t miss out on favorable market conditions.
II. Basket Orders
Basket orders in Zerodha Kite allow you to execute multiple trades simultaneously with just a single order placement. This feature is especially beneficial when you have a predefined set of stocks or instruments that you want to buy or sell together.
For instance, let’s say you have identified a basket of stocks such as Reliance, Tata Motors, and Zomato that you believe will perform well as a group. Instead of manually placing separate orders for each stock, you can create a basket order and execute the entire trade with a single click.
Basket order will not only save you time but also ensures that all the trades are executed at the desired prices and in the desired proportions.
III. Stock SIP
Zerodha Kite introduces the concept of Stock SIP, similar to the traditional Systematic Investment Plan in mutual funds but, focused on individual stocks. With Stock SIP, you can automate regular investments in specific stocks by setting up predefined intervals and amounts.
You can easily build your investment position in the stock over time without having to monitor the market constantly.
For example, if you believe in the long-term potential of IDFC Bank stock and want to accumulate it gradually, you can set up a Stock SIP. Let’s say you decide to invest Rs. 5,000 in IDFC Bank stock every month.
Zerodha Kite will automatically place the buy order for the IDFC Bank stock at the predetermined interval and invest the set amount on your behalf.
You can check out your stocks available for Auctions in this section.
But what does that mean? When you short-sell stocks in intraday trading, which means you sell stocks you don’t actually own, hoping the price will go down. But sometimes, the price goes up instead of going down, and that’s when you have to deliver the stocks to the buyer but since you are not owning the stocks, you are unable to deliver the shares.
In such cases, the stock exchange steps in and auctions off the stocks that were supposed to be delivered. The auction takes place two days after the initial transaction. The price at which the stocks are auctioned is set at least 20% lower than the closing price of the previous day. During the auction, the exchange buys back the stocks from the auction participant on behalf of the seller who couldn’t deliver them on time.
You can also learn how to do intraday trading in Zerodha from our latest guide.
#3. Zero Brokerage on Equity Delivery
Zerodha is among the handful of top brokers in India that don’t charge any brokerage fees on equity delivery.
That gives Zerodha an edge over other brokers despite having a Rs 200 account opening fee. Because if you are in long-term stock investment, you can easily save more money on brokerage money in the long run.
Apart from Equity delivery, Zerodha also has low brokerage fees on other segments as well. Let’s discuss that –
|Equity Intraday||Rs. 20 or 0.03% per executed order whichever is lower|
|Equity Futures||Rs. 20 or 0.03% per executed order whichever is lower|
|Equity Options||Flat Rs. 20 per executed order|
|Currency Futures||Rs. 20 or 0.03% per executed order whichever is lower|
|Currency Options||Rs. 20 per executed order|
|Commodity Futures||Rs. 20 or 0.03% per executed order whichever is lower|
|Commodity Options||Rs. 20 per executed order|
You can also go through the Zerodha Charges article to learn all charges that Zerodha levies on you.
#4. Efficient Customer Support
Zerodha sets itself apart by offering superior customer service when compared to other discount brokers in India.
You can contact customer support in two ways –
I. Raise a Ticket
You can raise a ticket by visiting Support.Zerodha.Com and clicking on “Create a ticket”. Now you can select or search for a relevant topic and then create a ticket.
II. Calling Customer Support
You can call on below numbers to contact customer support.
|Account Opening||Trading Support||Call & Trade|
|080 4719 2020 |
080 7117 5337
|080 4718 1888|
080 4718 1999
|080 4718 1888|
However, you need a 4-digit “Support Code” while calling Trading Support or Call & Trade section. Because when you call these numbers the IVR machine will ask you to enter the support code.
Only then you can reach out to the trading support representative. You can find your “Support Code” in your Profile section under the “Profile” tab.
#5. Zerodha Console (Backoffice)
The Zerodha Console is a dedicated back-office portal that you can open from your Zerodha Kite app. You can open Console from the Profile section and when you click on any Console feature, the Console is opened in your smartphone’s web browser.
You can access essential features such as profile management, account reports (including contract notes and tax P&L), bank account change requests, portfolio tracking, and analytical tools for order analysis.
With Console, you can effectively manage your account, review important financial information, and make informed decisions for your trading activities.
Zerodha Kite Trading App Pros and Cons
Pros of Zerodha Kite Trading App
- A simplistic and intuitive app interface
- Advanced charting with TradingView and ChartIQ
- Free equity delivery
- Advanced Order Types such as GTT, Basket orders, and SIPs
- Efficient customer support
- Auctions are also available
Cons of Zerodha Kite Trading App
- Backoffice is not integrated within the app
- Occasional technical glitches during peak hours
- Account opening is not free
- Mutual funds investment not available (You need a separate app Coin)
Zerodha Kite Trading App proves to be a reliable and feature-rich platform for traders and investors alike. With its user-friendly interface, extensive features, and zero brokerage on equity delivery, it caters to both beginners and experienced traders.
However, you have to pay a Rs 200 account opening fee to demat an account with Zerodha, and occasional app glitches during peak hours can be annoying sometimes.
Otherwise, Zerodha Kite is one of my favorite trading apps for the last 5 years.
Yes, Zerodha Kite Trading App is designed to be user-friendly and intuitive, making it suitable for beginners. The app offers a simple and easy-to-navigate interface, along with educational resources and tutorials to help new traders get started.
Zerodha Console is a separate back-office portal that provides account management features. While you cannot access Zerodha Console directly from the Kite app, you can access it through your Zerodha account’s profile menu.
Yes, Zerodha Kite Trading App offers customer support. You can raise a ticket through the Zerodha Support portal to resolve any issues or queries you may have. Additionally, Zerodha provides customer support through various channels such as phone, email, and live chat.
Zerodha Kite Trading App offers zero brokerage on equity delivery trades. However, there are charges applicable for other services such as intraday trading, futures and options, and other advanced features. It’s essential to be aware of these charges and consider them while making trading decisions.
Yes, Zerodha Kite Trading App provides advanced order types like GTT (Good Till Triggered) orders and Basket orders. GTT orders allow you to set trigger conditions for automatic order placement, while Basket orders enable you to place multiple orders simultaneously. These features enhance flexibility and automation in your trading strategies.
Yes, Zerodha Kite Trading App is available for both Android and iPhone users. You can download the app from the respective app stores and access its features on your preferred device.
Yes, Zerodha Kite Trading App allows you to track your portfolio, including holdings and positions. Additionally, you can access reports such as trade book, tax P&L, contract notes, and margin statements.
Yes, Zerodha Kite Trading App provides real-time market data, including live quotes and charts. However, it’s important to note that there may be a slight delay in the free market data, which can impact real-time decision-making, particularly for high-frequency traders.