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ICICI Trader Racer

ICICI Trader Racer

ICICI Trade Racer Overview

ICICI Direct is a leading name in full-service stockbroking space. It enjoys a decent brand equity since its the trading arm of ICICI Bank. You can check out the complete review of ICICI Direct here.

ICICI Trade Racer is a terminal based trading software from ICICI Direct, a full-service stock broking house and the trading arm of ICICI Bank. Since it comes from a full-service stockbroker, clients get access to research and trading calls for their fundamental and technical decisions through its ‘iClick2Gain‘ feature. Users need to download the software first and then install it on their desktop or laptop for trading.

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ICICI Trade Racer Features

  • For all the technical analysis folks, Trade Racer provides trend scanner feature that tracks intra-day price movements to find scrips that trend based on technical parameters set at a pre-defined level.

  • Once logged in, Users can select the view they like to view, there are three such views available namely Analytical view, Derivatives view, Margin view or the last logged in session’s view. This helps the user to make a choice right at the start of how he/she is looking to start the trading session.

ICICI Trade Racer Review

  • You can even scan the stocks on a real-time basis through Live Scanner.  This feature helps you to figure out scrips that see highs and lows at daily, weekly, monthly, quarterly and yearly levels.
  • Heatmap feature gives you an idea directly which stocks have moved up and which are the ones that face downward movement through colour coding in green and red respectively. This helps in quick decision making at crucial opportunities.
  • The software allows users to add multiple market watch lists with up to the provision of adding up to 50 scrips in each market watch:

ICICI Trade Racer Review

  • Users are allowed to customize user interface layout, colour coding, grid layout and more as per preferences and requirements.
  • Get access to Stocks that are highest gainers, losers, active in terms of volume and value on the stock market.

ICICI Trade Racer Review

  • Charting features with provision to apply the range of indicators for detailed stock analysis for your trades and investments. Some of those include:
    • Simple Moving Average
    • Exponential Moving Average
    • Time Series Moving Average
    • Triangular Moving Average
    • Variable Moving Average
    • VIDYA Moving Average
    • Welles Wilder Smoothing
    • Weighted Moving Average
    • more..

ICICI Trade Racer

  • Draw trend lines on top of graphs to understand the overall momentum of the market and thus, to take quick judgments:

ICICI Trade Racer Review

Advantages of ICICI Trade Racer

  • An advanced trading terminal software, highly suitable for heavy traders and experts who prefer high performance and technical assistance from the trading software.
  • Multiple widgets or window panels can be configured based on user’s trading and analysis preferences. Here is how it looks:

ICICI Trade Racer Review

  • Exhaustive details on how the stock has seen buys and sells over a period of time, that helps the user to take a calculated judgment.

ICICI Trade Racer Review

Disadvantages of ICICI Trade Racer

  • Some issues observed in loading charting tools during peak market hours, especially in smaller cities with lower internet bandwidth
  • ICICI Direct is one of the expensive stockbrokers in the country when it comes to brokerage charges. Bad part on top of it is, the charges are not even negotiable.
  • The update frequency cycle of ICICI Trade Racer is pretty high, implying that any new features or existing bugs will take time to get fixed.

Feel free to let us know about your experiences using ICICI Trader Racer.