Zerodha Kite Web is a simple web-based trading platform that you can easily access from any web browser like Google Chrome.
Kite Web allows you to trade or invest across multiple segments like equity, currency, commodities, and F&O with super ease.
The Zerodha Kite Web also has an upper hand over their counterparts and that’s the high updating frequency which is 3 updates per second.
However, you have to go to separate portals (links available in the main dashboard) for retrieving back office stuff like contract notes, profit & loss statements and other reports.
Or investing in mutual funds which they call Coin, unlike Upstox where everything is seamlessly integrated into your main portal.
But if you want a robust, simplistic platform, that gives you in-depth historical data & order automation, then Zerodha Kite Web is definitely for you.
Let’s discuss its features, pros and cons in this Zerodha Kite Web Review article.
Zerodha Kite Web Components & Features
#1. Easy to Use Dashboard Design
Zerodha Kite dashboard is simplistic and clutter-free. It has 2 parts: The “watchlist” section on the left and a quick reference page of your current investments on the right.
On the top of the watchlists, you get the Nifty and Sensex’s current position. On the other hand, you get multiple options like –
- Orders – Different order types available with Zerodha that we’ll discuss in the next section.
- Holdings – Details of your investments in the stocks that you are holding in your demat account.
- Positions – Details of your buy or sell orders
- Funds – Your fund details are available in the trading account and you get options to deposit or withdraw funds. You also get information about your margin availability.
- Account Profile – Here you can view your profile details, add/remove bank, and go to the coin page for mutual fund investment along with a console link to get different reports.
Here I missed the sectoral categorization of stocks available in Groww & Upstox which comes in handy if you are interested in exploring a specific section’s stocks only.
You can also read a detailed Zerodha demat account review
#2. Multiple Orders Types
Zerodha Kite Web has an Orders section that comprises not only the information of different orders you have placed but also allows you to create baskets, set alerts and start SIP which I found well established as compared to the peers.
We’ll discuss all the sub-sections under Orders one by one. Let’s start.
I. GTT (Good Till Triggered)
You can use the Good till triggered (GTT) to execute an order (either buy or sell order) that would remain active in the exchange until the defined condition in that trigger is met.
Buy GTT is a trigger that you can create to buy stocks for delivery (CNC). When the trigger price is hit in the buy GTT order, a buy order with the limit price as mentioned is placed.
For example, if Reliance share’s current price is 2401.80; you place a trigger of 2521.85 which if met on the exchange, a CNC (delivery) order to buy Reliance at 2521.85 will be placed.
You can use Sell GTT to exit current stock holdings, it could be either a target order (Single) or both the stop-loss and target orders, where triggering one out of both will cancel the other (OCO).
Sell GTT (Single) – For example, if you have Reliance stocks in your demat account that you want to sell at 2521.85, however, the current price of Reliance is 2401.80. Now when the trigger of 2521.85 is met, a selling CNC order with a price of 2521.85 gets placed.
Sell GTT – OCO (One Cancels Other) – For example, if you have Reliance stocks in your demat account that you want to sell at 2521.85, however, the current price of Reliance is 2401.80. Now when the trigger of 2521.85 is met, a selling CNC order with a price of 2521.85 gets placed.
And you can also place a stop-loss order to sell at 2281.70 with a trigger price of 2281.70. To avoid any loss, in case the share price falls drastically due to any reason.
In this case, if either of the target or stop-loss price conditions are met, a selling CNC order is placed while cancelling the other condition.
You get a utility feature in Zerodha Kite Web, called baskets, in which you can execute multiple orders at once.
You can create multiple baskets in the Zerodha kite and save them for future orders.
For example, if you want to buy Reliance, Tata motors and Zomato shares all at once, you can create a basket and add those shares with the respective quantities as shown below.
And once all shares are added, you can click on execute to place the orders.
SIP (Systematic Investment Plan)
SIP (Systematic Investment Plan) orders allow you to schedule your stock investment. This means you can create a basket, add your favourite stocks in which you want to invest, and schedule the investment to execute every month at the defined date & time.
If your scheduled date falls on a holiday, your SIP order will be executed on the next trading day. You can use the SIP feature for equity delivery trades only.
You can create a new basket or use an existing basket for SIP orders. You can set up a SIP by using the steps below –
Orders > SIP > Create new SIP.
In Zerodha Kite Web, you can create personalised alerts based on several parameters to give you real-time notifications when something happens in the share market. You can select parameters from the list given below –
- Quantity – Total buy & sell quantity
- Volume traded
- Last traded quantity
- OHLC – Open, High, Low & Close
- Percentage – Day change, Intraday change
- Price – Last Traded Price & Average Traded Price
- Open Interest (OI) – OI Day High & Low
You can use the mathematical expressions as shown below to set up the alerts –
- Greater than (>).
- Greater than or equal to (>=).
- Less than (<).
- Less than or equal to (<=).
- Equal to (=).
Let’s see how to set up Alert in Zerodha Kite Web –
IPO (Initial Public Offering)
You can apply for IPO (Initial Public Offering) from this section. When you click on IPO, you get a list of currently open as well as recently closed IPOs.
You can select to invest in IPO by clicking on the ‘Apply’ button. Zerodha allows you to pay money for IPO through UPI, making the payment process very fast and reliable.
#3. Charts & Indicators
Zerodha Kite Web offers two types of chart views – Tradingview and ChartingIQ for an in-depth charting facility. You can enjoy advanced charting with 11 different chart types including Helkin-Ashi, Kagi, Linebreak, Point and Figure Charts, and Renko Charts with 20+ drawing tools.
You also get 100+ technical indicators like Bollinger Bands, RSI, and Momentum, which are useful for you if you want to do technical and fundamental analysis on your own.
Zerodha charting tool gives you historical data (End of day data) since 1996 and you can have daily-level charts for the last 7 years across various trading segments.
Also read – 5paisa demat account review
#4. Coin for Mutual Funds
If you are interested in mutual funds, corporate or government bonds and ETFs, then you can go to the Account menu, and click on “Coin”. A separate portal will be opened for your above-mentioned investments.
Here you get different mutual fund types, sectors and categories like hybrid, and index funds to help you get the right fund to invest in a lumpsum amount or through SIP.
I found no. of index funds are lesser in numbers listed on Zerodha coin as compared to other competitors like Upstox.
#5. Console (Back Office Portal)
The console is your back-office portal in your Zerodha account where you can edit your profile, and get reports like contract notes.
You get Console under your Account’s Profile menu, you don’t get details in the Kite itself but the Console is opened separately in a new window where you can access your back-office reports.
The Console will offer you several features as shown below –
- Place fund’s withdrawal requests similar to the fund’s section.
- Track account statements including the credits and debits in your trading account.
- Track your portfolio including positions, stocks and mutual funds.
- Access multiple reports like your trade book, Tax P&L, contract notes and margin statements.
- Use analytical tools like trade-book heatmap and P&L heatmap to deeply analyse your previous orders for a better understanding of whether your strategies worked or not.
Pros of Zerodha Kite Web
- Minimalistic and easy-to-use design
- Works at low-speed internet as well
- Keyboard shortcuts available for faster navigation
- In-depth charting at 20 depth (level 3)
- 7-year historical data available for analysis
- Integrated with Coin app to invest/track your mutual fund portfolio from Kite
- 10 regional languages are available
- Group orders facility through baskets
- Stock SIPs are also available
Cons of Zerodha Kite Web
- Separate back office platform
- Backtesting not available
- No US stocks investment options
Zerodha Kite offers a plethora of features starting from a faster trading platform, multiple types of order execution, and in-depth data up to 1996 for a detailed analysis of stock’s past performance along with group orders and SIP investment options.
However, not providing an option to invest in US stocks and sticking strictly to the Indian stock market, could be a deal breaker for someone interested in US stock investment.
But if you are not into US stock investment, and looking for a robust, easy-to-use and very snappy trading platform, then Zerodha Kite Web is an ideal choice for you.