Zerodha Kite Review: The Zerodha Kite app is well-equipped with innovative features, such as customer support, to help you overcome any issue. Not all brokerage apps have made it this far since trading was brought to the mobile market, but this software is widely regarded as one of the best.
In this article, we will review the Zerodha Kite trading platform and will see its key features, setup process, and benefits. So let’s take a deeper look at what the Zerodha App can achieve.
About Zerodha Kite
Zerodha is regarded as one of the most excellent bargain brokers offering trading services. The Zerodha Kite Mobile App has all of the tools that ensure a seamless trading experience.
Kite App offers all technological capabilities and is simple to use; alternatively, you can control your trading experience through a financial intermediary.
Kite is a superior trading platform with many features that its competitors do not have. As Kite is still in active development, Zerodha is adding hundreds of new features with each new release. However, here are a few essential characteristics that make Kite a one-of-a-kind trading experience.
Dashboard / Account Summary
View of the Market in Depth with Streaming Updates
Floating Order Pane
Multiple orders/positions can be exited with a single click.
Views of multiple charts (4 charts on the same screen)
Investing based on charts (place trades from popped out charts)
Fill out the initial form in the Zerodha brokerage app to open a Demat account.
After completing the form, you will be given your login id.
To proceed, enter your ID at kite.zerodha.com.
After successfully logging in, look for the option known as a market watch.
Enter a name for the share by clicking the choices button.
You can select the page’s dropbox, along with the alternatives of buying or selling with many others.
Following that, there will be an add button; click on it to add your share to the market watch.
Once the share is added to the marketplace, you will have several trading possibilities.
Begin your trading by pressing the buy button, adjusting the number of shares, and submitting the buy order.
You can also personalize your profile.
To access the buy or sell a window, check the B and S buttons.
The portfolio section contains all of the information about your holdings.
There are various chart alternatives available. Check out every type of chart and begin your analysis accordingly. The notifications area will display all of the relevant notifications.
How to Own a Zerodha Kite Mobile App?
The Zerodha Kite app is available for free download from the Google Play store. To use the program, you must first create a Zerodha account.
The use of the Zerodha broking mobile app is free of charge. We’ve talked about how to set up your trading account, so here are some documents you’ll need to open a Demat account.
Account fee costs of Rs. 300
Zerodha Kite App owning process involves following steps
Click on the green “Open Demat Account” button.
Enter all needed information, such as your name, phone number, and city.
You will receive a call from the Zerodha KYC Team, and they will provide you with an EKYC link.
Pay the Processing Fee by clicking on the link.
Sign identification documents such as Aadhar cards.
Get your Zerodha ID and password to start trading.
To trade, enter your ID and password.
Zerodha Kite Advantages
It truly Works in low bandwidth.
Up to ten regional languages are supported.
The interface that is simple and attractive
Quant access for fundamental analysis utilizing behavioral analytics
Integration with third-party applications
Excellent Funds Transfer Service
ChartIQ and TradingView charts are both accessible.
Zerodha Kite Disadvantages
Scanners are not accessible for backtesting.
There is no way to invest in IPOs or mutual funds.
A separate application is used to administer the back office.
On charts, there are a few minor browser-related difficulties.
Trading charts are not accessible.
The Zerodha Kite App is, without a doubt, one of the top trading apps in the country. It has a smooth interface that is highly user-friendly. In addition, the Kite App is rapid in terms of speed and can also be used with a slow internet connection.
We hope you found the Zerodha Kite Review 2021 review post to be informative. Do let us know in the NiftyBroker’s comments section if you are using it for trading or any other trading platform. Good luck with your trading!
Best Bank to Open a Demat Account: Any investor who is looking to invest in stocks must have a Demat and Trading account to buy and sell shares in India. In the year 2006, many banks started offering a Demat and trading account along with the savings account to provide a 3-in-1 account to their customers.
The 3-in-1 account is the set of 3 accounts that are linked together for seamless transactions between them. The 3-in-1 account makes the stock market investment very convenient for regular investors and beginners in the stock market.
In this article, we will list out all the major banks that offer the opening of a Demat account with them, and then we will review which bank is best for a Demat account. Let’s get started.
Which bank offers a Demat account?
All large banks in India offer Demat accounts. The list includes ICICI Bank, HDFC Bank, Axis Bank, Kotak Bank, SBI, Citi Bank, PNB, and YES Bank.
A Demat account is an account where you hold the shares of a company in electronic format. They are similar to a bank account but instead of keeping money, we keep shares, mutual funds, bonds, ETFs, etc. in them.
Best bank to offer Demat account in India
Following are 5 best banks to offer demat account:
Kotak Mahindra Bank
All the above banks are almost similar in their offering, charges, trading platform, and customer services. It is suggested that you open the 3-in-1 account with your existing bank.
Banks offering Demat account India
Below is the fee that brokers charge along with their services –
Acct Opening Fee
₹700 (from 2nd year)
Top 5 Bank Demat Account
1. ICICI Bank Demat and Trading Account
ICICI Bank is a leading private bank in India. The high-quality and customized services along with the 3-in-1 account facility are what the company counts on to be able to capture such a vast number of active clients.
If you have a bank account with ICICI, it is highly recommended to convert your saving account to the ICICI Bank 3-in-1 investment account.
The company is known for providing tailor-made services. Since they offer 3-in-1 account services, many investors would prefer to trade with them despite being charged the high brokerage costs.
HDFC is the 2nd largest and most respected financial services provider in India. HDFC Securities Limited is a subsidiary of a top-notch private sector bank HDFC and has been in existence for the last two decades.
For HDFC bank account holders, it is very convenient to open a 3-in-1 account and start investing in Stocks, Mutual Funds, Corporate FD’s, NCD, Bonds, and many more financial instruments online as well through branches.
Since they provide a 3-in-1 account facility, the transfer of funds is done in a much easier way than with any other stockbroker.
Ranked among the top five full-service brokers and one of the very few stockbrokers who provide a 3-in-1 account facility, Kotak Securities Limited is acclaimed to be unconventional when it comes to delivering unique services to their clients.
The services provided by the company include Demat Account, Trading Account, Intraday Trading, Stock recommendations, PMS and IPO services. Their service of providing 3-in-1 account facility makes investors trading experience easy and quick.
Axis bank is a fast-growing private bank. Axis Direct is among very few brokers that offer integrated Trading-Demat-Bank accounts. Axis Direct has over 4.3 Lakh active customers and is one of the top 10 brokerage firms in India.
Axis Direct charges minimum brokerage of Rs 20 per trade or 2.5% of the trade value whichever is lower.
5. SBI Bank Demat and Trading Account
SBICAP Securities Limited (SSL) is one of the popular names in the stockbroking industry who are listed amongst the few large full-service stockbrokers that offer 3-in-1 account facilities.
SBI Demat account advantages include its reach to rural areas, strong research and advisory, online trading platform, a wide range of investment options, and local customer service.
They provide a quite precise brokerage and other charges which are simplified considering the public interest at large.
Guide toclose Upstox account: It is very easy to open a Demat or trading account with Upstox online or with a majority of stockbrokers nowadays. It takes only a couple of minutes and few required forms to open an account with Upstox.
Having an account with any stockbroker comes with certain charges like – Annual Maintenance Charges (AMC), trading/transaction charges irrespective of that you use them often or not. So if you have an account with Upstox and for any reason do not use it, you should consider closing it.
Now let’s see the requirements and process to close Uptox account.
How to close Upstox Account Online?
Unfortunately in the time of such digitalization as well where we are doing many things online, there are few things that require the old-fashioned way i.e. offline, and closing a Upstox account is one of them.
To date, the broker does not allow to close a Upstox Demat account online. Upstox accounts can be close only by submitting an account closure request form. An empty PFD form for closing the account is available for download on the Upstox website.
Requirements to close Upstox account
Before submitting the request for closing, make sure to fulfill all the conditions below –
Clear all your dues if any pending. There should be no negative balance in your Upstox account.
Close all open future and options positions.
There should be no holding in your Demat account. If you have any, then you should sell and encash them.
If you want to transfer them to another Demat account, get it transferred by providing the respective depository participant ID and the client ID.
Now you have to send it to the Upstox (RKSV) ‘Correspondence Office’ address mentioned on the top of the form.
After receiving your account closure form usually, it will take up to 15 days to close your account. If you do not get any confirmation after that, follow-up with the Upstox customer service.
How to close Upstox Trading Account?
An active Upstox trading account also incurs some charges as a Demat account. They open a free Upstox trading account while opening a Demat account for free.
The steps for closing the Upstox trading account are the same as the process to close the Upstox Demat account. Closing any of the accounts is free of cost. Just make sure to clear all your dues before starting the process.
It’s better to close an inactive account instead of paying the associate charges with it. Though the process to close the Upstox account is not very easy and it does take time.
In the future, you should check the process of closing an account as well before opening a Demat or trading account with any stockbroker.
Hopefully, the above article was helpful to you. Do let us know in the comments section if you have also closed your Upstox Demat account. You may read the detailed Upstox review and get more insights. Happy trading!
Zerodha Intraday Trading: Zerodha is the biggest and the top stockbroker in Indian with over 4 million clients that make up the +15% of daily retail trading volumes on Indian stock exchanges.
Competing with big players like HDFC and ICICI is indeed a difficult task but Zerodha has managed to remain the Number One discount broker of the country.
Intraday trading is a position in the share market and refers to buying & selling of stocks and other financial elements within the same day.This mean in intraday trading all the positions are settled before the closing of the market.
In this article we will learn how to do Zerodha intraday trading, what are the charges, timing, tips to get full insights into it. Let’s get started.
Zerodha Intraday Trading Process
For starting Zerodha intraday trading you should have a demat and a trading account with Zerodha. If you don’t have an account yet, you can open it quickly for free.
There are 2 ways to do Zerodha intraday trading –
Zerodha intraday trading can be done through their trading terminal Zerodha Kite, which is a web based trading platform. You can also use Zerodha Pi or mobile app of Zerodha Kite for your trading purpose.
For buying or selling purpose, you will need to click on the share you want to trade and then you will option on the screen for intraday trading.
2. Offline Mode
There is an option of doing intraday trading in the old fashion as well. For offline Zerodha intraday trading, you need to call at the Zerodha call & trade desk from your registered mobile number with them.
One can make a request and place the trade using their telephone code which was used to known as Zerodha ZPin.
Types of Zerodha Intraday Orders
Now before moving ahead, we should learn about the basics of some types of orders.
MIS: MIS stands for Margin Intraday square off. It is used for Intraday trading with leverage. All MIS position is auto squared off at the end of the day session.
CNC: It stands for Cash n carry. CNC is used in delivery-based equity. There is no leverage provided in CNC. However, there is also no auto square off at the end of the session.
Market order (Market): When you want to buy/sell a share at the current market price, then you need to place a market order.
Limit order (Limit): A limit order means to buy/sell a share at a limit price. If you want to buy/sell a share at a given price, then you place a limit order.
Stop Loss (SL): This is used to place a stop loss at the limit price. Here you need to specify a Limit price and a trigger price. When the trigger price is reached, then the stop-loss order is sent to the exchange at a limit order mentioned by you.
Stop loss market (SL-M): This is used to place a stop loss at market price. Here you just have to specify the trigger price. When the trigger price is reached, then the stop-loss order is sent to the exchange at market price.
Disclosed quantity: This allows traders to disclose only a part of the actual quantity of the stocks that they bought or sold. This disclosed quantity should be more than 10% of the order quantity.
AMO: It stands for aftermarket orders. You can use this facility to place an order when you can’t buy/sell during the trading time. You can place your order between 4:00 PM to 08:59 AM i.e. after the post-closing session and before the pre-opening session.
Bracket Order (BO): Bracket order is used for higher leverages (than that of MIS). Here, you place an Intraday buy or sell at limit order with a target price and a compulsory stop loss. All the orders are squared off before the end of the day.
Cover Order (CO): Cover order is used for placing intraday buy or sell at the market order for high leverage (that trading using MIS). Here you just have to specify the stop loss. All the orders will be squared off before the end of the day.
Zerodha Intraday Trading Charges
Below are the charges levied in the Zerodha intraday trading –
0.03% or ₹20/executed order whichever is lower
0.025% on the sell-side
NSE: 0.00325% BSE: 0.003%
18% on (brokerage + transaction charges)
0.003% or ₹300/crore on buy-side
Zerodha Intraday Calculator
You can use the Zerodha intraday brokerage calculator to see the full breakdown of charges for your trade order.
Zerodha Intraday Trading Timing
One can perform intraday trading with Zerodha at any time during the market opening hours. However, you need to be a little cautious while closing your position. You can use some Zerodha intraday trading tips to increase your profit.
If an open intraday MIS / BO / CO position has not been squared off before the closing of the market, it gets automatically settled roughly 3:20 pm. If due to any reason, the intraday trading position has not been settled till the closing of the market, the position gets transformed into CNC position.
You should watch the Zerodha trading demo to get more insights of the trading process.
Zerodha Trading Margin
Trading in futures is utilized which refers that only a small amount of money known as “margin” should be there in the account to make an intraday future.
Honestly, there is no set pattern you can refer to in order to generate profits out of Zerodha intraday trading. However, you can refer to some proven intraday trading tips while executing the trade –
Perform a detailed technical inspection of stocks for the sectors or stocks you are evaluating. There are several technical indicators, charts, heat maps, screeners, and other associated tools that can help you to make sound trading decisions.
In the case of online order placement mode, then you just need to choose a particular scrip.
Ideally, you should place a stop-loss price in order to limit your losses if the trade goes in the opposite direction against your opportunities.
It is totally logical to use a trailing stop-loss order in order to make higher profits.
Use margin to the level that is based on your risk appetite. This is because using margin is a double-edged sword.
Zerodha Intraday Trading FAQs
Is Zerodha good for intraday trading?
Zerodha intraday is pretty safe to trade. They are the biggest and the top stockbroker in Indian with over 4 million clients.
How can I use Zerodha for intraday trading?
There are 2 ways of performing intraday trade – one via their trading platforms and other by calling to the Zerodha call & trade number.
Is intraday free in Zerodha?
No, the charge for the brokerage is 0.03% or Rs.20 whichever is lower for every trade that you perform.
Do Zerodha provides tips for intraday trading?
The above mentioned tips are tried and tested by many traders & advisors, so you can use them while trading on Zerodha.
With Zerodha Intraday Trading offers and options, you can actually make the most out of your intraday trading activity. Zerodha intraday trading has become a lot simple and effective with the presence of brokerage and margin calculators.
Hopefully, we were able to help you to find the answer to ‘How to do Zerodha Intraday Trading’. You can let us know in the comment section about your intraday trading experience with Zerodha. Read the detailed review of Zerodha and know about them more. Happy trading!
List of Best Commodity Trading Brokers in India2021: Commodities are raw materials or agricultural products in simple terms that can be bought and sold. These are some of the basic goods in commerce used as building blocks of the global economy.
Commodity trading refers to the buying or selling of commodities or various financial instruments based on the commodities. Commodities Trading in India is offered by two major exchanges – MCX (Multi-Commodity Exchange) and NCDEX (National Commodity and Derivative Exchange).
Points to keep in mind while choosing best commodity broker:
Commodity broker must be affiliated with a stock exchange
Commodity low brokerage
Broker should provide customer support facilities
Good reviews and rating among commodity trading brokers
List of Best Commodity Trading Brokers in India
Here is the list of best commodity trading brokers in India based on the above mentioned criteria:
Zerodha was the only online trading platform service provider at the time when it was incorporated in 2010. Zerodha provides one of the most efficient and modern commodity trading platforms known as Zerodha Kite.
Zerodha Kite is a sleek trading and investment platform using the latest technologies. It eases customer’s experience to trade and transact in the stock market.
3. Sharekhan: One of the Best Commodity Brokers in India
With over 2 million customer base, Sharekhan has been one of the top three stock brokers in India. It is the first stockbroker in India to introduce an online trading website sharekhan.com.
The commodity trading platform provides a wide range of products and services as well namely stock quotes, news alerts on the share market, fundamental and analytical research reports on equity, mutual fund investments, IPOs, and so on.
One of the first brokers to start discount broking firm in India, Upstox is a technology-driven discount broking firm that provides 100% online trading and investing platform to its customers.
Upstox provides one of the most comprehensive commodity trading platforms. The broker offers many innovative and powerful tools to assist the commodity traders like the live market data, advanced charting, and top class user experience.
HDFC Securities Limited is a subsidiary of a top-notch private sector bank HDFC and has been in existence for the last two decades. The company is named as one of the topmost full-service stockbrokers of India.
The large full-service broking firm provides various products that include trading in equity, derivative, commodity, currency, mutual funds, bonds, FDs, NCD, NPS and SIP.
Motilal Oswal Securities Limited is a subsidiary firm of Motilal Oswal Financial Service Limited. Today, this diversified financial service firm holds diversity in the clients too as they have retail customers, foreign institutional investors, High Net Worth Individuals, financial institutions and small and large corporates.
For commodity traders, they offers some exquisite features both on their web as well as an app platform. 100% paperless Demat and trading accounts with expert reviews is what makes them one of the best in the industry.
IIFL Securities is one of the biggest retail and commodity brokers which is a part of an IIFL Group, India’s biggest financial service provider.
The Cutting edge technology of IIFL makes it user friendly and easy to trade and invest any time anywhere. The panel of experts produces well-researched reports, charts, tips and recommendations that help investors make efficient decisions.
9. TradePlus Online: India’s Top Commodity Trading Brokers
TradePlus, is a Chennai based discount broker provides commodity trading on MCX at the lowest brokerage cost with a monthly plan.
TradePlus provides an infinite commodity trading plan at ₹99 per month for unlimited commodity trading on MCX. You can also choose their flat brokerage plan in which they charge ₹9/order.
Alice Blue is one of the best discount and commodity brokers who provide online and offline trading services in India. Based out of Bangalore, the stockbroker has been in existence for more than a decade that helped the firm leverage its brokerage model into a low-cost plan.
Alice Blue offers low-cost brokerage plans that allow investors to trade and invest at a very low cost under Freedom 20 plan as well as Trade Pro Plan.
We would recommend to anyone who is thinking about starting commodity trading that you should find a commodity trading broker according to your requirements and review its services and charges. You can see their platforms’ demo video as well.
Here we have listed the top 10 commodity brokers in India, which are the best commodity trading brokers in India as well. Hope you have liked the article. You may read our other articles on stockbrokers‘ reviews as well. Happy trading!
High leverage stock brokers in India: In this article, we have listed top brokers in India who offer high margin/leverage to their customers. The best leverage brokers in India are ranked based on intraday margin, delivery, futures, options margin and we have also included margin offered in currency and commodity.
We will first understand what is margin or leverage is and then list down the highest leverage brokers in India.
What is Margin / Leverage?
Margin and leverage are direct synonyms of each other in the financial market. It simply gives you the power to buy/trade in stocks that we can’t afford to buy. Through margin trading, one is allowed to buy the stocks by just paying a part of the actual value of shares.
The margin can be paid either in terms of cash or in shares as security. The balance amount of shares are funded by the brokers. In other words, margin simply refers to the amount of money borrowed from the broker to buy the shares of a company. The broker acts as the lender of money and the securities in the investor’s trading account, are kept as collateral.
Example: Let’s say you want to buy (BO/CO) 100 shares of Britannia which is trading at 200 and the margin provided by your broker is 20X, then you just need to have ₹1000 in your account to buy shares worth ₹20,000.
High Leverage Brokers in India
Following is the list of stock brokers with high leverage margin:
Wisdom Capital is said to be the fastest-growing discount broking company in India as they offer a wide range of products and services with advanced technologies and are called the unorthodox broking house.
The extensive services offered by the discount broking house contain Demat, Trading, Intraday, Depository, and Portfolio Management Services.
Exposure(depending upon brokerage plan)
Up to 60X
Up to 40X
Up to 20X
Up to 40X
Up to 15X
Up to 15X
Up to 40X
2. SAS Online
SAS Online is among the high leverage brokers in India. It gives 20 times intraday margin while in commodity trading, it gives 5 times limit. The discount brokerage firm also offers low brokerage.
The second-largest discount broker firm, 5Paisa Capital Limited has created a huge customer base just in a very short span of time.
They offer Equity, Derivatives, Mutual Funds, SIPs, Insurance and Currency under their variety of options to offer valuable products. Since it is a discount broking firm, they charge cheaper than the other brokers and is highly recommended for first-time investors.
TradeJini is a discount stockbroker incorporated in 2012. The product and services of the company include trading in equity, intraday, future & option, currency & commodities on NSE, BSE, and MCX.
Up to 20X
Up to 2.5X
Up to 2.5X
Up to 3X
7. Nirmal Bang
Nirmal Bang is one of the prominent full-service stockbrokers in India. The stockbroker operates in multiple business capacities and has membership with NSE, BSE, MCX, and MCX-SX.
Up to 10X
Up to 4X
Up to 4X
Up to 4X
Up to 3X
Up to 3X
8. TradeSmart Online
TradeSmart Online is the discount brokerage arm of VNS Capital Services based out of Mumbai.
Being the discount broker it provides low brokerage and high exposure in intraday equity. It also offers a margin against shares (MAS), other exposure category product.
Trade Smart Online
Up to 30X
Up to 4X
Up to 5X
Up to 5X
Up to 3X
Up to 3X
Up to 5X
That’s all for the high leverage brokers in India article. We have listed all the top brokers who offer high margins for their products and services. We hope you have liked the article. Do let us know which stockbroker you use or would choose for trading purposes in the comment section below. Happy investing!