Best trading platform in India? – Sharekhan Trade Tiger or Zerodha Pi ?

Fellow Traders & Investors,

My vote goes to Zerodha Pi and following is a comparison and my basis for considering Zerodha Pi as the best trading platform in India. There are certain pluses TradeTiger has over Pi, but overall after using both for the last few days, I think Pi is better.

Check this link to compare Sharekhan vs Zerodha in terms of everything else.

There are currently only these two contenders for the top spot. India Bulls was a close contender to be part of the top 3, but considering how disinterested the promoters are towards stock broking I have left them out.

Resource Management

Memory usage : Pi uses 1/3rd of what TT does.

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Memory usage

CPU usage: Pi is generally lesser than TT

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CPU Usage

Bandwidth/Network Usage: Usage of Pi is lesser than TT

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Network usage

Marketwatch

Multiple Marketwatch: TradeTiger has an option to add multiple marketwatches, on Pi the workaround is to use workspaces.

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Tradetiger multiple marketwatch
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Workspaces on Pi

Adding scrips: Easier to add scrips on Pi vs TT

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Adding scrips on TT
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Adding scrips on Pi

Charting

Intraday data: TT has it only for the last 30 days. On Pi you can pull upto 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 and also has the crosshair function

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30 days intraday data on TT
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upto 20,000 candles – 365 days or more of intraday data.

Trading from the chart: feature available only on Pi.

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Trading from chart on Pi

Number of charts at one time:

TT: Maximum 5 charts

Pi: Maximum 12 charts

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Maximum charts: 5 on TT
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Maximum charts: 13

Option Calculator

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

Price alerts

Straight forward in TT, a little complex on Pi, you have to use expert advisor or scripted alerts. The 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.

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Price alert
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Scripted alert/expert advisor on Pi
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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.

Since Zerodha doesn’t do any research, you can’t see any fundamental data on Pi.

Overall after using Pi for the last week alongside TT, I think it is better overall. So my vote is definitely with Pi for the best trading platform in India.

Empowering Indian retail investors/traders.

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