ZERODHA KITE Vs SAMCO STOCKNOTE

Posted on 11th Sep 2018
by Team TopShareBrokers

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Zerodha & SAMCO, both are know service provider in Indian financa market. From the provision of sophisticated and adequate client care facilities to technologically morphed trading facilities, Zerodha and SAMCO both showed their pace among the run for being the best. There is an essence that kept the both at the top of the priority list of the traders. But still the difference between them can determine the best features among these two.

Zerodha Kite

Zerodha is one of the top-ranking discount-broker of India, who lay their emphasis on revamping their services under technological shadow. “Stock broking meets technology” seems to be appropriate. Zerodha’s service doesn’t requires no special mention since its already known and accepted widely. Their own Zerodha mobile app, has successfully gathered much popularity. The KITE, opened a new horizon for ultra-modern trade, on iOS, Android as well as browser platforms. Zerodha Kite has got all the convenient aspects for a seamless order placing and other trading activities.

Key features of Zerodha Kite can be stated as follows:

  1. First of its kind; Zerodha Kite is the first trading app, having launched in 10 different regional languages. Thus it made the understanding of the different features and aspects of the application and trade better for the native speakers.
  2. Kite is an advanced platform that is associated with latest behavioural analytics and visualisation platform which is also known as Quant.
  3. Kite is designed in a manner, such that it can run even on a low bandwith.( only 175th of internet’s bandwith)
  4. Convenient search box access. That means you will be able to access exchanges, contracts and all just by one single search box.
  5. Punctuality is abundant in the app. The app delivers timed notification about order completion, cancellation, etc.
  6. Seamless and speedy functioning while buying or selling panles etc.

Zerodha kite has been introduced in the market with an utmost expectation to improve the trading services and facilities provided to their clients. Needless to say, zerodha is one of the trading applications that receives high volume of trade input everyday.

SAMCO STOCKNOTE

Inaugerated in the year 2015, the discount broker SAMCO witnessed sharp growth in their customer count. SAMCO is well known for a highy average quality of application provision. Situated in Mumbai, SAMCO introduced Stocknote mobile trading app for the first time in March, 2018. But this was not the first mobile app fro SAMCO. They had introduced other mediocre apps, which failed to keep their pace in comparison to the oher available market applicatons. Later on Stocknote was introduced which changed the prevalent course of mobile trade.

Stocknote is the latest outcome of SAMCO, which is laced with some notable features:

  1. Stocknote has an unique feature called Guest login. With this feature, a trade can wonder and access the different features of the app, without actually creating an account.
  2. They claim to provide the algorithm search that helps one to browse different contracts accompanied with Srike price, call/put or expiry date.
  3. Wide ranges of technical indicators are available with Stocknote. The number ranges to around 100+.
  4. Giga Trading technology based app would help the traders and investors to gets assistance in making quick decisions.
  5. Quite seamless trading app and ofcourse way better than the prevous versions of SAMCO.
  6. Traders are able to reap potential profits with the help of the triggers and market alerts.

Stocknote, however seems a bit unprofessional to the professional traders, since there may be some of the features that ae either missing, or is not available. Apart from that, Stocknote is shaped on modernised outlook with all prior facilities and technologies, which were otherwise not present in the previous versons.

ZERODHA KITE vs SAMCO STOCKNOTE

In spite of the close tussle between the both for determination of the best, each of them possess individual drawbacks that makes them count over the other. In bringing out Zerodha Kite vs Stocknote, we can approach on the basis of the following aspects:

Differentiable points Zerodha Kite SAMCO STOCKNOTE
Guest Login feature Kite has no guest log in feature and so to use it, the trader must hold an account with Zerodha Stocknote have the facility of Guest login. Thus you need not to have the account with SAMO to access ts mobile app features
Bracket order and Cover Order Zerodh Kite has the features of BO, CO, AMO and reglar order types. Stocknote doesn’t possess either of them.
Instead of them it has the AMO, Limit Order, GTD orders, etc.
Stock tips & market reports Zerodha Kite doesn’t provide any such research reports or all round stock tips. Stocknote provides a thoroughly dug and researched market report, recommendation, and stock tips too.
Trigger alert Zetodha doesn’t have trigger alerts. For alerts Zerodha have seprate app called SENTINEL. Stocknote has both personalized as well as bundled trigger alert. These price alerts can be set conveniently between range of 1 day to 6 months.
Availability in different versions Zerodha Kite is made available in Web verson, Mobile android as well as iOS app and as simple HTML/JSON API. Stocknote is mainly available in android and iOS and recently it is claimed to have launched its web based version.
Linguistic availability Zerodha Kite is the first trading apps to have 11 different regional languages, making it convenient for the native people to understand I their mother language. No such diversity is available in Stocnote. It has only English.
Mutual Fund investment platform Zerodha Kite has Mutual fund investment via Zerodha Coin. Stocknote has no facility available for investment in Mutual Funds.
Internet Bandwith Usage Zerodha Kite has been devised in such a way that it can run even on bandwith, as low as 0.5 kbps. Stocknote lags sometimes when the internet connectivity strength is down; certainly it doesn’t have a good low bandwith running system.
Margin Funding No margin funding facilities are available with Zerodha Kite Prior to other competitors, Stocknote does have the margin funding facility.
Intelligent trading engine Zerodha Kite is not built on any such intelligent and proprietary trading engine. Giga Trading engine is the core artificial intelligence, that can identify and sort out suitable opportunities, on real time basis and can present the finally churned data to the users for easy access.

FINAL VERDICT

Leaving out the tussle between the Zerodha Kite & Stocknote, and focussing on each of the individual mobile trading apps, we can reach the conclusion that both has proven their worth among the all other prevalent trading apps. Zerodha Kite has been one of the most popular apps in India in terms of every aspects. Its totally integrated and low-bandwith platform for seamless trading. Considering a few fact like unavailability of IPO section and some others, there are lots of good points to be taken in account like, it possess 100+ indicators, sophisticated and specific charting system, convenient and smart widgets and lots more. In the same way for stocknote, besides issues like frequent lag and others, stocknote is the most powerful app of all the time of SAMCO. But while speaking on Zerodha Kite vs Stocknote, a genuine trader would prefer to have Kite over Stocknote due to its ultramodern and seamless interface, while some people (mostly newbies) would like to use Stocknote because of its simple user interface, guest login feature and advanced trade engine for sophisticated services.

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