Comparison Of Zerodha Pi Vs Zerodha Kite Trading Platform
Last Updated: Aug -13-2018
Zerodha Pi & Kite are the two trading platform available for Zerodha users to trade in the stock market. Here in this article, we like to compare these two trading platforms to help users to choose as per their requirement.
Zerodha Pi is a desktop trading platform developed by TradeLab Software Pvt Ltd. in association with Zerodha in 2015. Users are required to download and install the software on their desktop or computer. This platform is available for free to all zerodha clients. Features included:
Charts & Indicators
- Intraday data from June 2014 onwards for the top 200 NSE stocks. Remaining stocks, futures, and Indices from January 2015 onwards.
- Live & Historical Charts with different time Intervals 1Min/2Min/3Min/5Min/10Min/15Min/30Min/Hour/1 Day/1Week/1Month.
- 10 chart types - Line chart, Bar Chart, Candle Chart, Candle Volume, EquiVolume, EquiVolume Shadow, Heikin Ashi, Kagi, Point & Figure, Renko, Three Line Break.
- 100+ indicators.
Backtesting : Backtesting help traders to check their strategy accuracy using historical chart data and even semi-automate them. To backtest, Traders has to code strategy in Trade script Language. This feature is not available in Kite.
Scripted Alerts : Trader can go live on backtested strategies using scripted alerts.
Expert Advisors (EA) : Very similar to scripted alerts, but it is easier to run multiple EA’s and sharing with others. Zerodha has shared 14 public EA’s to help get started.
Scanner : Scanner is used to scan on a big group of scrips using TradScript for Semi-automatic trading opportunities. This feature is not available in Kite
Pi Bridge : Traders who use AFL (AmiBroker Formula Language) can fire orders directly from AmiBroker into Pi.
Pi trading software is more ideal for active traders/intraday traders, who works actively on technical stuff and want to watch details like Bid rate, Ask rate, Bid qty, Ask qty,open, high, low, close, LTP etc of mulitiple scripts on a single window.
Kite is a Web & Mobile based trading platform of Zerodha, named for its super simple user interface, integrated trading and reporting (Q/Quant) platform, brilliant charting, intuitive search and filters, lightning fast trading, and more.
Multiple languages : Zerodha has launched this platform in 11 languages which makes trader more comfortable as most of the time English is not their primary language. Language preference can be selected at the bottom of the login page. Initially it was available in English and now available in Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujrati and Punjabi.
User Freindly : Kite application is very well designed that even a new Investor/Trader can login and understand the tools with no much research.
Browser Notifications - Never miss any important notifications from zerodha with the new browser notifications on Kite. Users can see all the messages on Kite no matter what application they are using.
Chrome Extension - Access Kite account from any website with just a single click on the extension.
Charts & Indicators : Extensive charting with over 100 indicators and 6 chart types.
Kite application is more ideal for beginners and Investors.
Pi and Kite both are great trading terminal provided by Zerodha and both are having their own advantage. Find the comparision between Pi and Kite in table format.
|COMPARISON ON||ZERODHA KITE||ZERODHA Pi|
|Platform||Browser Based||Window Based|
|Ideal for||Beginners, Investors||Active Traders|
|Exchanges||NSE, BSE AND MCX||NSE, BSE AND MCX|
|Place orders from windows||No||Yes|
|Quick order window||No||Yes|
|Internet Speed||Dial-up, 2G and udwards||Broadband|
|Works on||Any internet enabled device||Desktop, laptop|