There are a lot of trading apps that have risen and fallen in recent years and this is why investors always look for reliable and trustworthy trading platforms to run on their mobile devices. One such popular trading app is the Zerodha kite app which is supported by Zerodha Broking Ltd. It is an Indian fine Tech and Financial Service startup company that provides the most advanced trading applications in India with more than 5 million installations on the Google Play store only. This app has an impressive range of trading tools and is easy to access the user interface.

If you are also thinking of opening an online trading account with Zerodha Kite App then this article will guide you with all the related information which you should know to get its complete review.

About Zerodha Kite App

Zerodha Kite App is a mobile trading platform that is available for both Android and IOS operating systems and it is also available on any desktop and mobile web browser. It is considered one of the fastest and powerful trading platforms, particularly for the Indian stock market. The kite app is sponsored by Zerodha which is one of India’s largest brokerage firms founded in 2010. Its headquarter is in Bengaluru and is regulated by SEBI. It has over 4 million customers and the fairly new Indian brokerage firm has won many awards including Economic Times Start-up of the year 2020 and NSE/MCX best retail brokerage award 2018 and 2019.

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Key Facts about Zerodha Kite App

The following are some of the key facts about the Zerodha kite app which makes it one of the beneficial trading apps.

• It is an excellent mobile trading app.
• It is regulated by SEBI.
• From this app, investors get access to over 5,000 shares from BSE and NSE.
• It offers coins and is one of the largest direct mutual fund platforms in India.
• It has a comprehensive educational section.
• There is no minimum deposit requirement.
• It offers level 3 data.
• It allows you to free direct mutual fund investments.

Features of Zerodha Kite App

Zerodha is a Tech company that offers some very unique and advanced trading tools and features. This app gives you access to several tools and features that you can’t get on other brokerage firms. Some of its features include:

·       Great Charting Package

Generally, investment firms struggle to deliver a top-notch charting package on a mobile trading app and this is the reason people look for trading apps that give them a good charting package. If we talk about the Zerodha app, the charting package is very impressive as you can choose between ChartIQ and TradingView charts and get over a hundred indicators, six different chart types, and nineteen drawing tools which are quite excellent in comparison to other apps. With the help of this web platform, you can also place orders directly on the chart.

·       Level 3 Data

It offers level 3 data which is the highest data level that exists in the stock market and provides an insight into the purchasers and sellers, the amounts of positions, and the liquidity providers of a certain asset. This level 3 data is a useful and effective tool for active day traders who aim for small profits and a large number of transactions per day.

·       Exit Multiple Positions

This app provides an option to exit multiple positions in just one click as you just have to click on the pending orders screen to select multiple orders and then cancel them together which is a great feature for on-the-go traders who occasionally need to close all trades together.

·       Sentinel

The sentinel feature of Zerodha is a price alert service that allows users to get notifications on stocks, futures, options, and many more assets at no cost. But unlike most price alert services in the market users can decide to use the Zerodha Sentinel and they can set simple alerts or write advanced triggers which essentially can be triggered anytime they want.

How to Use the Zerodha kite App?

If you want to use the Zerodha kite app, here is the way to use it by opening an online trading account with the Zerodha kite app and starting a trade. The following are the steps to follow:

1.Download the Zerodha kite app

Firstly you need to download the application on your mobile device so for that simply visit the App Store or Google Play store and search for Zerodha in the search bar.

2. Open an Account

Unlike other trading apps in India, Zerodha allows you to open an online trading account directly on your mobile device or computer as per your suitability. To start an account, visit the broker’s site or app and then sign up by your Indian phone number. This action also requires following documents to open a ZerodhaDemat account:

PAN card

Aadhar card

Canceled Cheque or Bank Statement

A photo and scanned copy of your signature proof

Your Income proof

3. Transfer Funds

After this, you need to deposit funds into your Demat trading account. So for funding your account, Zerodha allows you to transfer funds directly from your registered bank account by using your UPI number for completely free. Another way to transfer funds is via the trading platform by using the direct payment gateway facility which includes 25 banks.

4. Buy a Stock

As soon as you deposit funds in your account now you can proceed to buy a stock by simply choosing which asset you want to invest in or trade then according to your preference set the amount and click on the buy button.

How to Withdraw Fund from the Zerodha account?

By following the steps you can withdraw funds from your Zerodha account:

How to transfer money?

There are three different methods to transfer funds to your account:

• The first method is UPI by which you can transfer funds instantly from your registered bank account for free.

• Another method is an instant payment gateway by which you can transfer funds directly from the trading platform (kite) using the instant payment gateway facility.

• The third method is IMPS or NEFT or RTGS transfer.

How to buy an IPO?

If you want to apply for an IPO through Zerodha, you have to follow these simple steps:

1. Firstly, Create a UPI ID on the BHIM UPI app.

2. Now apply on Zerodha Console by login into the Zerodha kite website and going to the console.

3. Go to Portfolio > IPOs

4. Then select the IPO from the list and click apply.

5. Now, enter your UPI ID, quantity and price.

6. At last, apply.

7. Now check the mandate notification on the BHIM UPI app or net banking app and approve it with a UPI pin.

How to cancel a Demat account?

Follow the steps to close the Zerodha account offline:

1. Firstly download the Zerodha account closure form.

2. Now print and fill in the details in the form like name, address, trading ID, Demat ID, and the reason for the closure.

3. Sign the form.

4. At last, courier the closure form to Zerodha head office.

What are the Charges to transfer funds?

You can transfer funds directly from the trading platform Kite by using an instant payment gateway facility. This facility comes at a charge of rupees 9 plus taxes with the convenience of instant credit. They have about 25 banks listed for this facility.

FAQs

1. On which device can you use the Zerodha Kite App?

Ans. The Zerodha kite app can be used on both iOS and Android devices as it is available for both devices.

2. Is the Zerodha kite app legit or not?

Ans. Yes, the Zerodha kite app is a legit brokerage firm. This app is regulated by SEBI and is also a clearing member of BSE, NSE, and MCX.

3. What is the disadvantage of the Zerodha kite app?

Ans. The following are some cons of the Zerodha kite app:

It is not a Commission-free trading app.

It offers only one payment method.

It does not provide access to International and US markets.

It has no live chat support and no demo account.

It does not offer social trading and high leverage trading.

4. Is the Zerodha kite app safe?

Ans. This app is from 10 years in business yet it is considered completely safe because it is regulated by India’s top regulator which is the Securities and Exchange Board of India or SEBI. Additionally, it is fairly conservative in terms of leverage and risk management so the users do not have to be concerned about the safety of their funds.

5. What minimum deposit will you require at the Zerodha kite app?

Ans. Zerodha kite app does not maintain minimum deposit requirement for opening an account so it is its advantage.

Conclusion:

I hope this article is sufficient enough to clarify the information about Zerodha Kite App Review.