We announce Independence day discount offer today in products. There were several questions related to difference between TradePoint and RZone.
Here is an explanation.
Definedge is primarily a product company. We haven’t created products because we are a stock broker, we became a stock broker because we created products. There is a huge difference between both approaches. We entered into this area to make more people enabled with better tools for trading and investing and as cost effective as possible. In India, I think we are the first and only product company who became a brokerage house.
Earlier, only NSE F&O was a real-time segment of our products.
By becoming a brokerage house, we added NSE & BSE cash, NSE & BSE derivatives, MCX and CDS segments in real-time and EOD in all our products. Many of our features have been made available for free.
Definedge Universe has many products.
Opstra is a popular platform for options trading strategies and analysis.
Our other two flagship products are TradePoint and RZone. TradePoint is a desktop platform whereas RZone is a web platform.
TradePoint desktop is a software for technical charts and analysis – It is completely free if you have a demat & trading account with Definedge Securities.
Apart from the traditional candlestick, bar charts – there are in-depth noiseless charts, relative strength charts, straddle & strangle charts and with unlimited tools, patterns and indicators on each charting type. You can trade directly from the charts as well.
TradePoint has a premium version: TradePoint Pro. It has scanners for all types of charts including relative strength & breadth. Matrix tables, smart scanners, seasonality scanners, multi-timeframe scanners and many other features are available for market analysis. There are some pre-defined patterns and strategies, but you can create as many strategies as you wish for all charting types. This doesn't require any coding knowledge.
Real-time scanners are the major feature of the software. You can scan pre-defined or custom strategies on any chart type in real-time. There is no restriction on the number of symbols – this was our biggest achievement. There is a feature called the Ultra scanner. You can specify entry and exit conditions in the Ultra scanner and track your strategies' performance. Auto trader is another important feature being developed.
We reduced the subscription price significantly and adjusted it against the brokerage.
There is a web-based platform called Zone. It has all types of charts including in-depth noiseless charts, relative strength, straddle, strangle, multi-leg etc charts with unlimited tools, patterns and indicators on all types of charts. A number of innovative tools and patterns have been added following extensive research. You can trade directly from charts in Zone. Like TradePoint's free version, it is completely free.
RZone is the paid version of Zone. It is a unique product with a wide range of capabilities. There are many pre-defined systems and strategies. You can develop your own strategy for any charting method without having any knowledge of coding. There are many type of price and volume scanners, smart scanners, Matrix tables, breadth chart, breadth scanners, relative strength scanners, D Sectors, Indicator digger and several other studies available in RZone on all types of charts.
Many unique features for portfolio analysis & identifying instruments. Advanced relative strength & breadth indicators and scanners. Matrix tables, sector analysis, seasonality scanners, multi-timeframe scanners and much more that can help you take better decisions about trading and investment.
In the RZone, all scanners and features are real-time, but they do not auto-refresh.
RZone offers innovative breadth indicators and scanners. Backtesting is one of the most important features of RZone. Practical aspects of trading are considered while designing the backtesting of RZone. You can perform it on any group of stocks with different conditions for positional as well as intraday in minutes.
There is much more to talk about both these products. But this should give you a brief idea.
I anticipate some questions here.
What is the difference between both?
Most features are the same in both versions. TradePoint is a desktop platform, RZone is a web version. The TradePoint system has a real-time scanner and an ultra scanner. TradePoint has a feature called My Market. Data from any instrument and timeframe can be imported and analyzed.
As far as I know, there is no other desktop version available with other stock brokers in India with the level of depth that TradePoint offers.
RZone has real-time scanners, but they don't automatically refresh. Breadth charts, breadth scanners, D Sectors, D Phase etc are available in RZone. RZone backtesting has more capabilities. In terms of scanning and backtesting capabilities, RZone is the most powerful and unique product available today.
TradePoint desktop doesn’t have a Mac version. RZone is a suitable product for Mac users.
Why two versions?
We maintain two different technologies for these products. TradePoint desktop runs locally and RZone on the server. We are developing features for both keeping the advantages of both technologies in mind. Desktop scanners are more feasible for real-time scanning. Calculations that are performed on the server are more suitable for RZone.
Why not free?
There has been a significant reduction in the prices of both products. Due to the fact that subscription charges are adjusted against your brokerage, they are in a way completely free. In order to empower retail traders and investors, we are striving to provide them with better tools and at the best possible price.
Why not both? Combo packages are available for these products. The combined price of the products is substantially lower than the price of TradePoint alone (earlier) or other similar products.
We are a self-funded company and building business in a traditional manner. Profits are reinvested into improving our product capabilities and infrastructure. We are responsible towards our subscribers and are not willing to run a rat race of growth and numbers.
We provide many products for free. Radar is a complete product for fundamental analysis and scanning. MFZone helps you analyse Mutual Funds. Shelf and Insight are educational portals. Buzzar is a product for price and strategy alerts. All of these products are free.
We are experiencing good growth in our securities business, and with your support, we will be able to offer it on significantly more better terms in the future.
We are doing some very innovative studies. We are excited about the many new features that we will be introducing to these platforms in the near future. Our goal is to innovate, provide extra ordinary tools and educate people.
"Combo packages are available for these products. The combined price of the products is substantially lower than the price of TradePoint alone (earlier) or other similar products."
What is the Combo package price?
I see a price in https://www.definedge.com/tradepoint-desktop-price/, but this is the same as before. Am I missing something here?
Real-time + End-of-the-day (Software + Data)
Products 90 days 180 days 365 days
Real-time (F&O) + EOD (NSE & MCX) 9000* 16500*