Zerodha, the pioneer among discount brokers in India, has a quite popular mobile app for its customers. The name of the app is Kite. It is also available in the web version also. We will review the new version of the Zerodha Kite mobile app 3.0. find ways for Zerodha Kite mobile app download and take a look at Zerodha Kite mobile app demo and also draw a comparison with a similar app from Sharekhan.
How to Get Zerodha Kite Mobile App at FREE of Cost?
To get the app at FREE cost, you just need to open an account with Zerodha. To be a part of our Zerodha team, CLICK THE LINK HERE.
Zerodha Kite Mobile App Demo
The Process of Downloading the App
Let’s find ways for Zerodha Kite mobile app to download.
You can download the Zerodha Kite mobile app from your Android phone by going to the Google Play store. Here, is the image of how the app looks like. For your understanding purpose, I highlighted the area below. You just need to click on the install button and install it from there, then press open.
Similarly, Zerodha Kite can be downloaded for Apple IOS. The Zerodha Kite download option is not available for Windows 10 store. Hence you need to use a web browser to start using Zerodha Kite in Windows.
The Login Procedure
Just like the old app, in the new app too, the user needs to enter the answers to the 2-factor Authorization questions to make the login process secure. Now let’s check how to use the new Zerodha Kite 3.0 app.
After you download the app home screen appears. There you need to put the customer ID and Password you received from Zerodha.
After you log in you can go to market watch, and see all the details including your fund position, orders, portfolio, and outstanding position with a graphical representation of the profit/loss situation and trading window.
After that, you can find a window, called the market watch window. This is where you add your favourite stocks and instruments you want to monitor.
In the search box, you can search for any stock on any exchange here. For example, type: infy NSE to find the Infosys stock. Once you’ve found it, click on the ‘+’ to add it to the MarketWatch or just simply click on the script name. The script will be automatically added to the market watch window.
You can customize the display of items in the MarketWatch here. For example, sorting the entries, hiding and showing certain values etc.
You have 5 different MarketWatch views here that you can toggle. Each can have up to 20 entries. Therefore, overall you can add 100 scripts altogether.
Now that you have added the stock to your MarketWatch, hover over it to buy, sell, and perform other actions like viewing the market information or opening a chart.
After opening the market watch you can select a symbol for trade.
This is where you can buy and sell stocks. You can choose the desired quantity, price etc. and place the order, which is instantly sent to the exchange. For more information, refer to the user manual.
Toggle between buy and sell orders by clicking the toggle switch.
Once you toggle between the buy and sell orders, you can identify the different order windows using different colours. The buy order window will be blue colour while the sell order window will be orange colour.
Advanced Options in the Orders Section
There are several advanced options that you can use when buying and selling stocks. Different types of orders like intraday, cash and carry, bracket order, cover order, aftermarket order, etc are available on this site. If you want to buy and sell any script in a single day, use the intraday or MIS option. In case, you want to hold your script, use the cash and carry option. For more information, refer to the user manual.
As you can see in the picture besides the holding option, you will find the position. It shows the current position of your account. From the position, you can modify your script. Suppose you enter intraday and sometime later you want to change the order from intraday to delivery or cash and carry. You can change it through the position.
The market depth shows you the current bids and offers for an instrument in the stock market. The dynamic bar shows the volume at a particular price point. Clicking on it lets you quickly place an order at that price. In the market depth window, you can get the five best bid prices and offer prices along with OHLC (open high low close) price movements. If you want to know more details, you can check one of our articles on that.
Zerodha has always been focusing on providing good technical information to its customers. Zerodha Kite mobile app is no exception. You can easily add powerful charts like Supertrend to your chart
Like the old app, in the new Zerodha Kite 3 app too, the charts can be accessed from the CHARTS BUTTON if you hover your mouse over the instrument name on the market watch. You can pop out a chart to make it full-screen. While the chart is in full-screen mode, you can click on the icon in the extreme top left to toggle the quick-trade panel. The panel shows your orders, positions, and real-time market depth for the instrument and lets you trade without leaving the charting window.
There is a STUDIES section on the charts. You can explore the available charting and analysis tools, and customization options here. In the chart option, you can use drawing facilities and information. There are hundreds of indicators and oscillators available.
Other Options for Chart
Time-changing options are also available there. You can set your chart timings according to your wish. From 5 min to 1 month, varieties of options are there. As you can see in the attached image besides time, there are views, displays, studies, and layout options. If you want to add or delete any indicators or oscillators, you can simply add them from the study and delete them by clicking the cross option. The pen indicates the drawing facility. There are many tools there.
For trading, you need to add funds to your account. For that, you can click the fund option. There you can get ADD funds and withdraw funds. By using this option you can withdraw funds. You need to have Internet Banking for easy access. Apart from this, you can do the transaction through NEFT.
Similarity with Old Kite
So we have discussed what’s new in Zerodha Kite 3 app. The other sections like the HOLDINGS, POSITIONS, and FUNDS are the same as the old Kite. However, if you need further information on using the new app, you can comment on your questions below.
Demo Video for Zerodha Kite Mobile App
After you go through Zerodha Kite mobile app download and Zerodha Kite mobile app demo, you will understand how to maximize the benefit.
Watch the following video to know more about the Zerodha Android app:
Watch the video to get an idea of the Zerodha Kite mobile app demo. Check how you can use candles and Bollinger Bands or check to buy-sell signals from Super Trend (ST) indicator. So it’s a big advantage for the people trading from the office. In many offices trading terminals are not allowed or stay behind the firewall. All the office goers can also trade without any problem from the office. No need to call Zerodha dealing desk in Bengaluru. Simply log in to Kite and you can start trading.
Review and Comparison of the Zerodha Mobile App and Sharekhan Mobile App
- Both of the apps are light and fast with up-to-date features.
- Zerodha Kite runs like water, it is that fast. We don’t find the latest mobile application from Sharekhan that well.
- Charting is better in Zerodha. The chart window can not be resized as per requirement in Sharekhan mobile application.
- The latest mobile application has been launched in May, ’17 to counteract advantages provided by mobile platforms like Kite, as the previous versions were a little dicey to handle. It has not been time-tested. We will look forward to more updates from Sharekhan on the mobile app.
- To end the review, we find Zerodha Kite is better and Zerodha as a broker provides greater benefits to its customers through brokerage (flat brokerage of Rs 20, both in equity and f&o).
Pros and Cons of the Zerodha Kite Mobile App
Zerodha Kite app is available in different local languages also. You can now trade in your favourite language. So tier-II city residents are also big fans of this app. To switch to your favourite language simply log in to kite.zerodha.com and choose your language from the page.
The main drawback for Zerodha Kite is the absence of a fund withdrawal option from the mobile app. Those who like to withdraw funds should log in to PC for the same.
Zerodha has launched a user-friendly, responsive, light yet powerful mobile trading application, called the Kite app. The latest updated version of the app is Kite 3. Users can install it from the google play store and can use it anywhere from mobile. It carries the same features as on Kite Web.
Cover order is the combination of market and stop-loss orders. Like kite web, the Kite mobile app also offers the CO (cover order) to its client. From mobile, you just need to click buy or sell, there under more options, you will find CO. In cover order, one can put target and stop-loss together.
Yes, Zerodha has a mobile app, name Kite 3 app. There, users can trade on NSE/BSE, MCX, and F&O in almost every segment of the Indian market. The mobile app is also quite user-friendly and powerful. From the google play store, you can easily install the mobile app.
What’s New in the Kite 3 App?
On Jul 1, 2019, Zerodha has come with a new version of Kite. The Kite 3 app consists of advanced and unique features Here is a brief list of them:
- It is built from scratch by using brand-new technologies
- Significant and fast speed improvements
- Brand new design along with features.
- Biometric (fingerprint and Face ID – iOS) 2FA for seamless logins with better security.
- Attached are Console reports and widgets
- Two types of chart platforms are available TradingView charts along with ChartIQ.
- Universal overview screen for all of the instruments
- Instant status update facility after order placement
- It has Order update push notifications
- Extended filter and search options on MarketWatch, holdings.
Customizable multi-MarketWatch views are there.
- Also, multi-exit on positions available.
So, we conclude that Zerodha Kite mobile app is the best to use and gives the best value for money advantage. With this, you can check the stock market feeds and place orders from anywhere. Finally, traders can use an advanced trading platform even from their mobile phones.