Zerodha - Number One Discount Broker in India

[Subhadip]

I beg to disagree here on your summary.
Yes, there may be issues with them but saying that it is not for serious traders is a bit exaggerated.

In discount brokers Zerodha and RKSV are best in the industry and can match any top broker on reliability and credibility of services. Infact because of these two brokers, the ecosystem of discount brokers has been acknowledged by Trading Industry.

Though I am a new trader and learning each day on their software, and still I can tell you that a good trading software and data is important but that is NOT the ONLY thing that makes you a Winning Trader.

It's like saying that, You can take good pictures only if you got a DSLR.

Dear Timepass, the 80x leverage offered by Zerodha has come down to 55x leverage as per my info at the time of this writing (July 2016) using Bracket/Cover orders. Why would anyone want to trade with such leverage with a discount broker and not have complete tools available to him, basically I would say zerodha is ideal for a newbie or a non-serious trader (or maybe someone who would be attracted to the high leverage only to cover the losses made earlier ... and hoping for the best)

For really making a profit in the stock market, no doubt fixed cists should be minimised but if there are issues with data quality or lack of available tools in the software, it is not worth saving a cent by losing a pound.. hope i'm clarifying my stand without sounding pessimistic. Thanks.

Thanks for commenting, what you mentioned probably explains it all. Being discount broker is where the issue is.. "you get what you pay for".. definitely cannot be compared to full brokerages like ICICI Direct and Kotak Securities... real professional brokers with all facilities and no hanky panky.

Seeing those comments. But myself trading with Zerodha although I have another tow account with Sharekhan and IIFL. Do not understand what is not there in Zerodha what more others are giving.

Yes there are problems in Zerodha. Like last week at 10:11 am on Friday kite stopped working. Strange. But then we have to go to pi and trade.

But otherwise a very good android apps like kite along with very good charting free tool.
What else do we need except timely execution of our orders in kite or pi.

 

[anal_]

Anyone used Z kite api so far? I'm planning to subscribe to their 2k/month api web socket to get minute level data directly in my sql database plus some historical equity intraday data. I'd like to know how is their data quality through api, integration complexity and any issues you faced so far?

 

[Raj232]

Seeing those comments. But myself trading with Zerodha although I have another tow account with Sharekhan and IIFL. Do not understand what is not there in Zerodha what more others are giving.

Yes there are problems in Zerodha. Like last week at 10:11 am on Friday kite stopped working. Strange. But then we have to go to pi and trade.

But otherwise a very good android apps like kite along with very good charting free tool.
What else do we need except timely execution of our orders in kite or pi.

I'm sure you have not explored the options with available with Sharekhan. From your comments it is clear that you are one whos requirement is timely execution of manual order... what more can an aam aadmi need from a discount brokerage ? better left unanswered..

If only you had used ICICIdirect or Kotak Securities, you would neither need Pi not switch from Kite to Pi .. those are only addressing the points you brought up. There are several more.. like tick by tick accurate data, better quality charting and software easily usable on any network including corporate networks without any problems with firewalls.

But your point is still correct .. what can an aam aadmi need from a discount brokerage.. ?
... only thing is that he will continue to remain an aam aadmi.

 

[Raj232]

Anyone used Z kite api so far? I'm planning to subscribe to their 2k/month api web socket to get minute level data directly in my sql database plus some historical equity intraday data. I'd like to know how is their data quality through api, integration complexity and any issues you faced so far?

Thanks Anal_, do share the results of your quality check of the minute by minute data of Zerodha. Although many have doubt, few admit it. Thanks.

 

[Subhadip]

I'm sure you have not explored the options with available with Sharekhan. From your comments it is clear that you are one whos requirement is timely execution of manual order... what more can an aam aadmi need from a discount brokerage ? better left unanswered..

If only you had used ICICIdirect or Kotak Securities, you would neither need Pi not switch from Kite to Pi .. those are only addressing the points you brought up. There are several more.. like tick by tick accurate data, better quality charting and software easily usable on any network including corporate networks without any problems with firewalls.

But your point is still correct .. what can an aam aadmi need from a discount brokerage.. ?
... only thing is that he will continue to remain an aam aadmi.

For better quality data I use GFDL along with Amibroker.

Still do not understand what more do we need from Zerodha except timely and easy execution of our manual order.

 

[NJ23]

For better quality data I use GFDL along with Amibroker.

Still do not understand what more do we need from Zerodha except timely and easy execution of our manual order.

:rofl::rofl::rofl::rofl:

 

[Subhadip]

For better quality data I use GFDL along with Amibroker.

Still do not understand what more do we need from Zerodha except timely and easy execution of our manual order.

:rofl::rofl::rofl::rofl:

Exactly. The last part is still issue with Zerodha though.

 

[Shikamaru]

I am observing some peculiar behaviours in Zerodha Platform
During big movement chart and whole platform get stuck,
I am agreeing with order execution delay but why chart and other things!!
I got undesirable draw down yesterday, but I am accepting it as part of trade but not in frequent manner.
I never say my Internet provider
Since my speed is 10Mbps and Laptop with only trading software
I can;t accept... We need simple stable platform without
worry since Trader having many things to worry during trade but I can't
include platform in that.

I can answer myself, rather than struggling with provider.. I can switch
provider... besides customer is King in all business...

I am wondering why Widget or Tile is not introduced in Kite...
All the best Zerodha... you are fancy but not stable....

Don't get it as offensive... Its my personal view... take it or leave it...

My suggestion

 

[Raj232]

On one hand Zerodha has a Trading Infrastructure which is NOT stable as can be seen from previous responses.

However, they are looking to expand to APAC region .. for bigger money ..hehehe

Zerodha's AI will tell you how to invest
Zerodha will launch a thematic investing product platform and a separate venture through its in house incubator Rainmatter


News Link is here : http://tech.economictimes.indiatime...odhas-ai-will-tell-you-how-to-invest/52844303

What more should I say... Zerodha platform is NOWHERE near NinjaTrader which has gone way beyond expectations.

 

[Zerodha]

We have a new release of Pi, we will officially launch it next week. If you want to give it a shot:

https://drive.google.com/uc?export=download&id=0B0rWz8g1EDA9OWtRdmhkMEVHb28

Features introduced in this release of Pi(Dated:08/07/2016):

1. Multiple MW (Shortcut Ctrl+W ,upto 50 scrips by default).
2. Find Symbol to add multiple scrips in market watch (Shortcut Ctrl+F).
3. Chart Toolbar changes
a)Change Time frame to any periodicity (Min<->Hour<->Daily).
b)Duration added in Chart Toolbar (Days for Min/Hr and Years for Daily).
4. New indicators introduced:
a) Supertrend Indicator
b) Donchian Channel Indicator
c) Average True Range (ATR)
5. Edit Chart Tools on double and right click (Color/thickness).
6. Option Calculator (Shortcut Ctrl+O)
7. Layout Saving (Except Charts).
8. Addition of scrips from Default Workspaces and MW in Scanner.
9. Cover Order with Limit entry option.
10.Hide/Show Connection Logs on Default Market Watch (Shortcut Ctrl+Shift+W).