Best Stock Trading Platforms In India

Posted By: Vishal Kumar Gaur
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Best stocks trading platforms in India you ask?

Well, given that there are numerous choices of trading platforms in India, choosing one of them could be quite tricky. In the end, it all comes down to the convenience and priorities of the end user and these things do differ from one user to the other.

Though the ultimate choice is yours, here is a comparison between the two of the top stock trading platforms in the market: Zerodha's "Pi" and Sharekhan's "Trade Tiger" or "TT".

Best Stock Trading Platforms In India

Note that these are opinions based on personal experience. These two were picked for comparison as they both have strong features. Power Indiabulls was very close to being in the top 3, but since the promoters are not keen towards stock broking, we shall leave it out.

1. Pi by Zerodha

  • Advanced charting: 10 different types of charts with 80 built-in technical indicators and over 30 drawing tools for annotation. Trade directly off charts with a single click or by drawing target lines.
  • Algorithms, strategies, and back testing: Code advanced strategies with a simple yet powerful scripting language. Use the free historical data to backtest your strategies, and even semi-automate them.
  • Pattern recognition: Do technical analysis like never before. Draw a pattern on the screen and let Pi look for it in charts for you.
  • Historical data: 50,000 candles worth of free historical data. Stocks, Indices, F&O, Currency, and Commodity. With dockable views, stack your data in charts side by side.
  • Expert advisors: Real-time trade signals from automated expert advisors. Use your own strategies or strategies from others.
  • Artificial intelligence and Genetic algorithms: Be a power trader and optimize your algorithms with the built-in neural network and genetic algorithm strategy optimization tools.

There's more to it. Pi has a lot more to offer. Advanced market depth view, floating Index stickers, FX like one-click quick order windows, customizable colour themes and lots more. With Pi's Bridge technology, easily connect and fully automate strategies with 3rd party platforms such as Ami Broker, Ninja Trader, Meta Trader etc.

2. Trade Tiger (TT) by Sharekhan

While most of the things remain same, there are few differences between the two.

Resource Management

  • Memory usage: Pi uses 1/3rd of what TT does.
  • CPU usage: Pi is generally lesser than TT.
  • Bandwidth/Network Usage: Usage of Pi is lesser than TT.

Marketwatch

  • Multiple Marketwatch: Trade tiger has an option to add multiple, on Pi the workaround is to use workspaces.
  • Adding scrips: Easier to add scrips on Pi vs TT.

Charting

  • Intra-day data: TT has it only for the last 30 days. On Pi you can pull up to 365 days and more (maximum of 20,000 candles).
  • Historical data: TT has 10 years whereas Pi has for 5 years.
  • Time frame settings: TT scores over Pi, you can switch from one time frame to other quite easily. New charts have to be opened in Pi.
  • Indicators: Pi has 80+, whereas TT has 16+. Pi has more indicators but currently missing cross-hair function.

Number of charts at one time

  • TT: Maximum 5 charts
  • Pi: Maximum 13 charts

Option Calculator

TT has it whereas Pi doesn't as of now.

Price alerts

It is straight forward in TT, wwhereas it is a little complex on Pi where you have to use an expert advisor or scripted alerts. The huge advantage with Pi though is that the scripted alert/expert advisor can be used not just for price, but for any technical analysis based strategies. You can have multiple expert advisors searching and scouting for trading opportunities. You can also create consensus report using multiple EA's.

Research calls and reports

Sharekhan has an active advisory desk, which gives out research reports which are accessible on TT. On the other hand, since Zerodha doesn't do any research, you can't see any fundamental data on Pi.

Conclusion

Overall after using Pi for the last week alongside TT, Pi is definitely better even though it is missing out on some essential elements like crosshair or multiple market watch tabs.

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