If you are someone who wants to trade using your mobile device than this Zerodha App Review is for you, as in this post we will not only know all the features zerodha trading app Kite has but the overall review of the zerodha as an stockbroker too.
Nithin Kamath, founder and CEO of zerodha established the company in year 2010 and rest is history. He brought the changes indeed required in the broking industry with his tech innovation. Zerodha, with his low cost brokerage, technology driven fast services, left the other brokers, majorly the full time brokers far behind.
Zerodha have one of the best trading platform for all devices known as Kite for Mobile and Browser Based version and Pi for Downloadable version.
Although there are many online stock trading Apps which are worst, beginners in stock market chose them without knowing complete details.
If you have the best online trading platform than most of your trading and investing related issues get resolved automatically otherwise you might need to call the broker every now and than and face unnecessary hurdles .
It is because there are more than 250+ stockbrokers as per latest NSE Data, in other words you have similar number of mobile apps.
Choosing the right one or the best trading app in India can be a very daunting task, hence in this post we will know Zerodha App review, which is based on users reviews as well as my personal experience after using Zerodha Kite app.
Another point to keep in mind is not to look for just trading app features but the overall features of that stockbroker prior to opening an account with them.
Coming back to the zerodha app review let us find out the key features you can get if you start using their trading platform on mobile.
Zerodha App Review:
Zerodha app have more than 1 crore installs on google playstore and its mobile app rating is 4.2 with 283k reviews, which makes it one of the best and highest rated app rating across the broking industry.
Zerodha App has inbuilt all the major tools, indicator and resources as it has in web based platform for desktop users.
In 2014, Zerodha had merely 17,500 clients trading on the Indian stock exchange, cut to present year zerodha is not only the biggest and No.1 stock broker in India, but they have more than 69,98,948 active clients and total more than 9.5 million clients.
At present, 10 million trades happens on a peak day at zerodha platforms.
Zerodha headquarter is situated at Bengaluru, and it is associated with all three major stock exchanges in India NSE, BSE & MCX.
You can trade and invest in different segments such as Equity, Derivatives, Commodity, Currency Futures, Mutual Funds, IPOs. They are depository participant (DP) for both NSDL and CDSL.
key Features of Zerodha App include:
- Universal search tool to find simple and complex stocks.
- Access to NSE/BSE cash, Futures and Options, commodities and Currencies scrips
- Cutting-edge charting tools that are above industry standards
- Japanese Candlestick Charts of multiple intervals, types and drawing styles
- Apply 100+ technical indicators on real-time charts
- Trade directly from charts with the Trade From Charts (TFC) feature
- Checkout Fundamentals of company such as Balance Sheet, Profit/loss statement, RoA, RoCE , Results etc.
- Set unlimited number of price alerts for instant updates
- Option chain, Option Greek Calculator, Option Moneyness, Option Scholes Calculator etc.
- Create unlimited number of customized watchlists
- Different types of orders such as GTT, Limit order, Market order, Stop-loss order, Basket order etc.
- Receive real-time market feeds to stay on top of your scrips
- Access predefined watch-list of Nifty 50, FINNifty and other indices
- Biometric (fingerprint and Face ID – iOS) 2FA for seamless logins and better security
- Invest in ETF’s, Gold, SIP’s in Mutual Funds, and lot more options such as third party integration smallcase, sensibull, tickertape, streak, coin base etc.
Zerodha as an stockbroker has made its place in the Indian stock broker industry with their fast and efficient trading platforms, sophisticated charting software’s combined with speed and reliability as well ease of opening the account online paperless.
Moreover apart from trading app Zerodha in partner with other financial tech companies provide many other services which are built on these apps, such as Tickertape, Sensibull, Smallcase, streak, sentinel, etc.
Apart from this the charges and brokerages of zerodha are very much reasonable in comparison to other brokers in India.
- Zerodha do charges one time account opening fee of Rs.200 only for equity and Rs.300 for (Equity, FNO, Currency, commodity) and Rs.300 for AMC (Annual Maintenance Charge) at the year end.
- Zerodha Brokerage charges are lowest in industry, they charge Rs.20 or 0.03% (whichever is lower) and also offers free equity (stocks) delivery trades as well.
- Zerodha offers brokerage or say commission free mutual funds investment (SIP’s) and platform for its users known as Coin.
- If we talk about Margin at Zerodha, after SEBI Rules on Intraday margin every stockbroker is giving same margin throughout India, hence this does not matter anymore.
- Call and Trade, Intraday Automatic Square Off charges are Rs.50 in case you use it.
- With Zerodha you can also invest and trade in IPO’s, NFO’s, ETF, SGB, FPO’s, and many other financial products with so much ease.
Overall, Zerodha is currently one of the best stockbroker in India so, if you want to invest and trade in stock market, hence rest assured and click here to open an Zerodha account online within minutes.
You will be required to enter your PAN, bank account details and personal details to continue with the sign-up.
Once you sign up you need to upload certain documents such as Pancard, Aadhar.
In order to understand the zerodha app features we must have basic understanding of below financial services which are integrated in zerodha kite mobile app.
Zerodha With Tickertape:
Zerodha in association with ticker tape gives you complete package of doing fundamental analysis of any stocks. This is inbuilt with zerodha kite web and mobile application.
You just need to click on any stock and than click on fundamentals, this is how it appears:
As, you can see, in above image of SBI bank, you can see all the fundamental with charts and data points, this can be great if you want to invest for long term.
Zerodha With Streak:
Zerodha partnered with streak to give you access to all the technical parts, with help of streak you can create different strategies back-test them and deploy the automatically. No need to do the manual technical analysis anymore.
Zerodha With Refinitiv:
Zerodha and Refinitiv combination provides the platform for Stock Reports+ , it is a comprehensive stock, market, and industry research and analysis from Thomson Reuters for 3000+ Indian stocks, updated daily. You can get access to all the research related info for any stocks.
Zerodha With Sentinel:
Sentinel is a tool which gives real-time market alerts for all 90,000+ stocks, bonds, commodities, F&O contracts, and currencies across exchanges on OHLC, bids, and offers, and more, in addition to the price.
You can create basic alerts based on attributes such as price, trade quantity, volume, and open interest. You can also create advanced alerts that combine multiple conditions using simple, easy-to-use arithmetic or even date operators.
Zerodha With Smallcase:
Smallcases are baskets of stocks & ETFs that help you build a low-cost, long term diversified portfolio. Zerodha in association with smallcase helps investors to pick pre-build well researched portfolio.
So instead of doing research by themselves and looking for information here and there they can directly invest.
Zerodha With Sensibull:
Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.
Sensibull was founded with the absurdly impossible vision of making the small guy win against the big guy in financial markets.
Now, than you know most of the aspects of Zerodha APP let us know the back-office of zerodha named as console.
Zerodha back-office named console is very user friendly with great interface, one can easily understand where to look for what information, Summary of your account is shown using a donut chart in front as you login.
It is integrated with the trading platform as well, so no need to login separately. Check your profit and loss statements, download historical reports, place your fund withdrawal request.
Other than this for educational purpose zerodha offers learn-app and zerodha varsity. I think no other brokers in India offers these many services within one account. This is what make zerodha ahead of his competitors.
Is Zerodha App Good For Beginners?
Absolutely, Zerodha in itself is the universe, whether you are a beginner or experience trader and investor, zerodha has all resources set at one place for you.
You might read or see on other websites about the constant problem in zerodha trading platform, which is not true at all, one need to understand technology can be challenging sometime, whether its your mobile, laptop, internet, fridge you name it, problem may arise, but we do not stop using it.
Zerodha is a leading broker with about 10 years in broking industry in India, there is no need to fear, Zerodha probably is the largest retail broker in the world by the number of trades.
While Charles Schwab (the largest broker in the US with $4 trillion in AUM) reported a record 2+ million trades recently, zerodha have been processing over 10 million trades a day. Moreover, Zerodha have zero debt and zero external borrowings.
All in all everything which can make trading and investing experience more pleasant and worthy enough is what makes Zerodha kite App as one of the best mobile trading app in India.
They are now at the top position in India for having the most active clients and can be trusted without any doubt. The charges and brokerages are very much reasonable in comparison to any other stock brokers, if you are thinking of opening a trading/demat/mutual fund combined account, than do not put any second thought.
So, if you are more of a trader making intraday trades on daily basis and looking for investing and trading in other segments than you should go with Zerodha without any doubt.
One drawback can be counted as there is no paid advisory service in zerodha which is with every discount brokers and only available with full time stockbrokers such as ICICIDirect or 5Paisa.
However, those brokers who give this services also take charges for same.
If I have to rate Zerodha App overall I will give it 9.6 out of 10, So, go ahead and open an Zerodha account now.
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If you are a beginner in trading and investing, please read this amazing guide on Basics of share market for beginners.
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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.