Zerodha Kite Vs Tradelab Pi: Comparing Two High Performance Stock Trading Platforms In India

Zerodha Kite Vs. Tradelab Pi in Brief

Zerodha Kite vs. Tradelab Pi is intended to make a comprehensive comparison of Zerodha Kite and Tradelab Pi.

When you know the similarities and differences between KITE and Tradelab Pi, it is possible for you to make informed decision concerning the right one for you.

What to Look for in Trading Software or Application

When it comes to choosing a stock broker in this new dispensation and day, trading platforms are considered very important.

It is noteworthy that there is the high possibility and tendency that you can lose out of likely gainful opportunities if you fail to choose the right platform.

When it comes to choosing the right and suitable platform for stock trading, certain aspects are considered significant. 

Some of the aspects include the following:

  • The flexibility of the trading software
  • The overall/general user experience it offers
  • The update frequency cycle
  • Scalability
  • Speed/Performance
  • The basic and technical analysis capability as far as quantity and quality of features are concerned.
  • The general design of the trading platform.

These are the main focus of some of the stock brokers all over the world, even though there are some other factors as well.

Zerodha Kite vs. Tradelab Pi will discuss the aspects where Zerodha Kite and Tradelab Software are different and similar. 

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Zerodha Kite Overview

Zerodha KITE stock trading software was introduced into the Indian stock market in November 2015.

Kite Zerodha utilizes 175th of the available Internet bandwidth, compared with the conventional trading platform. 

You can use KITE Zerodha for trading on tablets, browsers, and mobile. 

Also, you can trade in your language of choice when you use KITE trading software. 

 KITE Zerodha software has eleven languages which make traders more contented as English is not the official language of some of them in some cases. 

It was gathered from Zerodha Kite reviews that Kite is the Zerodha home-made stock trading platform.

Zerodha Kite is also the front-end stock trading software of Zerodha. It was created after the OMS, RMA, and Omnesys API.

Kite from Zerodha comes with unrestricted data for all stocks to enhance stock trading experience. Zerodha Kite download is also fast and easy.

Today, Kite is among the trading software gaining popularity and recognition among stock brokers and India stock traders.

A Zerodha Kite review described KITE as a lightweight stock trading application.

Moreover, KITE features highly-developed technical analysis charting.

KITE Zerodha rummages around seventy thousand stocks all over several exchanges. 

Features of KITE Includes:

  • User-friendly
  • Light Weight
  • Limitless data and more than one hundred charting pointers
  • Obtainable in eleven different languages
Zerodha Kite VS Tradelab Pi compare

Tradelab Pi Overview

Tradelab Pi is the product of Tradelab Software Private Limited. Tradelab software is listed among the advanced and best trading applications in India.

Tradelab trading portal was developed with the most up-to-date Internet technologies in 2015.

Tradelab Pi review described Tradelab Pi as front-end stock trading software providing desktop, mobile, and web, trading terminal to retail traders in India. 

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Pi Tradelab is presented to retail clients for India online stock trading by more than ten stockbrokers. 

The Tradelab software is personalized and custom-made for all the clientele as per their requirements.

Tradelab Pi provides users with quick, safe, and elegant online trading experience over apps and gadgets.

Apart from being the Tradelab software owner, Tradelab also renders stock brokers consultancy services to help them develop their current software.

In addition, Tradelab manufactures advanced tools and software for stock brokers in India and ensure that they are user-friendly.

Tradelab Pi review also pointed out that one of the early clientele and patrons of Tradelab was Zerodha, the top India discount stock broker.

Zerodha Kite Vs Tradelab Pi Owners  

Zerodha KiteTradelab Pi
Zerodha owns Zerodha KITETradelab Software Private Limited owns Tradelab Pi Portal

Zerodha Kite vs Tradelab Pi Charges/Fees

 Zerodha Kite vs. Tradelab Pi, compared Zerodha KITE and Tradelab Pi fees and charges. Below is our discovery:

Zerodha KiteTradelab Pi
Intraday Charges on Zerodha KiteIn this regard, KITE will levy their clients 0.01% of the trade worth or ₹ 20, based on which of them is less for trading at intraday.The Tradelab software is provided for FREE to all the clients using Tradelab platform.
API Charges for Kite Integration or adding Zerodha KITE to your platform if you are a startup is absolutely FREE.
However, you will pay 2,000 INR every month KITE usage if you are a retail trader who wants to incorporate API into your trades. 
Also, you will pay 4,000 INR per month if you desire to access historical data.

 


Zerodha Kite vs. Tradelab Pi Products 

Kite Zerodha vs. Tradelab Pi provide different products to satisfy their dedicated clients.

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Here is the Zeroha Kite vs Tradelab Pi product evaluation.

Zerodha KiteTradelab Pi
CNC aka Cash ‘n’ Carry  This is the order meant for the delivery-oriented Equity trades. 
The Investors who want to purchase shares under CNC order, total margin is required.
On the other hand, stocks must be in the associated Demat account to be able to sell stocks with Cash ‘n’ Carry Order.
The Buy Today Sell Tomorrow Order (BTST): With this type of order, you can put up your shares for sale a day after the purchase order. This is done without having to wait for shares to be transferred from buy order to Demat account.
BTST simply lets traders sell their shares prior to taking delivery of such stock to their various Demat accounts.
CO: This simply stands for Cover Order. It is intraday order with involuntary SL Order.MIS Order: This is the Tradelab Pi products that customers used for trading intraday in the F&O and equity segments.
The AMO:  AMO stands for After Market Order. This type of order is usually positioned in advance.  
AMOs can be positioned from four o’clock in the afternoon to fourteen minutes past nine in the morning.
The Margin Plus or CO: This is the type of order where purchasing or selling order is placed alongside a stop loss in one click without human intervention. Because Cover order reduces risk, it guarantees trading with greater exposure.
The MIS Order:  The MIS orders are intended for trading intraday in the sections of equity and F&O.Normal or Carry Forward Order (NRML): This type order allows for a quick position in Currency F&O, Commodities F&O, and Equity F&O,
The NRML Trades: The NRML Trade orders are used for all night intraday trades of F&O.
There is no additional leverage attached to it.
Delivery or Cash and Carry Order (CNC): This is the order used for Equity trading in the delivery sector.
The NRML Trades: The NRML Trade orders are used for all night intraday trades of F&O.
There is no additional leverage attached to it.
The Bracket Order (BO): This is an order placed ahead or in advance. With BO, traders are free to take intraday position.
BOs: The BOs are simply limit orders meant for intraday trading.
Back Orders have stop-loss, target, and a voluntary tracking SL (Stop Loss), all placed or executed at the same time.

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Zerodha Kite Vs Tradelab Pi Trading Sectors

Zerodha KITE vs. Tradelab Pi trading sectors comparison takes a closer look at many segments of business dealings.

This is to discover the segments where Tradelab Pi and Zerodha Kite are different and the same.  

The areas where they are similar and different are highlighted in our Zerodha KITE vs. Tradelab Pi comparison table underneath.

Zerodha KiteTradelab Pi
Currency Derivative Market Segments (CDMS)
Bombay Stock Exchange F&O
MCX
National Stock Exchange (NSE) F&O
Bombay Stock Exchange (BSE) Cash
National Stock Exchange (NSE) Cash
Equities
Currency
Derivatives


Zerodha KITE vs. Tradelab Pi Order Types

Zerodha KiteTradelab Pi
SL-M also known as Stop Loss Market OrderAfter Market Orders (AMO): This is simply the order that enables traders to place their orders even at the close of the market.
Trigger OrderStop Loss Market Orders (SL-M): SL-M Order is the exit trigger amount stated for leaving a position by a trader.
Limit OrderStop Loss Orders (SL): With the SL order, traders can stipulate the fee for exiting a particular position.
Market OrderLimit Orders: The limit orders allow traders to determine the price. The order is then implemented when the price is equal to the limit price.
Bracket Orders: Bracket Order allows the trader to bracket an order with 2 differing orders of low and high sides. This is to maximize loss and lock profit.
Market Orders: Market orders get carried out when a buyer or seller is found, instead of any limit.
Cover Orders: With the CO, the intraday investors are free to place cover order of buy or sell simultaneously with a. obligatory stop loss order.

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Zerodha Kite Vs Tradelab Pi Main Features

When it comes to Zerodha KITE vs. Tradelab Pi they are similar and different in some aspects of their features and characteristics. 

In other words, some of the main features of Tradelab software and KITE software are different while some are similar. This is as described in this table.   

Zerodha KiteTradelab Pi
Kite trading platform is packed with a lot of features which are not available on other trading platforms. There are many new features that come with any new version launched by Zerodha of which Kite Zerodha is not an exception.
Here are a number of features which distinguish Kite and make it exceptional trading software.
Candle Charts for analyzing stocks.
The Browser NotificationsMarket Watch: It is the commonly used feature as far as Tradelab software is concerned.
Quite a lot of graphic representation viewsThe Workspaces: With Tradelab Pi, it is possible for traders to save and load workspaces.With the workspace feature, traders using Tradelab software can save both the charts and symbol list.
The Stream Quotes featureThe Stock Scanner
Ability to use a single click to exit numerous positions or orders.The Alerts Feature
Popped out charts for placing tradesTechnical Analysis having above 80 technical indicators.
Different Market WatchesUse advance Bracket Order and Cover Order types to trade.
Account/Dashboard summarySwitch without a glitch among desktop, mobile, and web.
open zerodha kite demat account

Zerodha Kite vs. Tradelab Pi Strengths and Weaknesses

Kite and Tradelab Pi have their strengths and weaknesses. 

 Zerodha Kite vs. Tradelab Pi evaluation looks at the areas where the two portals are similar and different in strengths and weaknesses. 

This will make you know the trading portals that will be the best and the right one for you.

Zerodha Kite StrengthsTradelab Pi Strengths
There are multiple live market depths and market watchIt has the ability to function even at a low Internet bandwidth
KITE comes with insightful and sparkling UITradelab software makes trading with laptop and desktop possible with fundamental configuration because it utilizes CPU memory and resources.
There is a flat KITE Zerodha charge of ₹ 20 for F and O trading and ₹ 0 Zerodha brokerage for equity delivery.The Tradelab Pi is speedy, simple, and stylish
Advance types of order like the COs, BOs, and AMOs.
General exploration of the entire contracts over all exchanges, such as the MCX, BSE, and NSE
KITE Zerodha has highly-developed and sophisticated chart with more than one hundred pointers.
Zerodha Kite WeaknessesTradelab Pi Weaknesses
There is no facility to execute trade from charts directlyTradelab is intermediary software being rented by stock brokers.
Mutual Funds investment is not part of this platform.
KITE cannot be used as installable stock trading software
The software doesn’t have option to trade in IPOs online

Final Thoughts

Zerodha Kite and Tradelab Pi are of high performance and ground-breaking features that will take your stock trading to a higher level.  

The Zerodha Kite vs. Tradelab Pi above considered all the significant areas that will help you in deciding on the platform that is right for you.

Observe the Zerodha Kite vs. Tradelab Pi comparison critically and decide on the best and preferred platform suitable for your trading purposes.