Top 10 Trading Apps in India
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Trading applications have completely changed how people trade stocks. Through these apps, users may purchase and sell stocks, commodities, and other financial products straight from their tablets or smartphones. Trading applications, with their intuitive interfaces, real-time data, and an array of tools, have simplified investing and portfolio management for users more than ever. We looked at the best trading apps in India. Which are mentioned in our blog below.
Rise in Popularity of Trading Apps
There are several reasons why trading applications are so popular in India. Their widespread acceptance can be attributed to several factors, including cheaper transaction costs, the ease of trading while on the go, and real-time investment monitoring. Additionally, as more people looked for other income sources and investment opportunities during lockdowns, the COVID-19 pandemic drove the transition towards digital trading platforms.
10 Best Trading Apps in India
1. Paytm Money
2. Zerodha
3. AngelOne
4. ICICI Direct
5. Groww
6. Motilal Oswal
7. Sharekhan
8. Upstox
9. HDFC Securities
10. 5Paisa
1. Paytm Money
Because of its extensive feature set, easy-to-use design, and seamless connection with the Paytm ecosystem, Paytm Money is a great alternative for trading and provides convenient fund transfer possibilities.
Features
- Over 120 technical indicators
- Portfolio Analytics tool (beta)
- Free Equity Delivery Trading
- Latest encryption techniques and two-factor authentication for secured transactions.
- Trading Tool: Paytm Money Website and Mobile App
Pros
- Simple and intuitive interface designed for beginners.
- High execution speed
- Zero maintenance charges
- Supports investment in fractional shares
Cons
- oesn’t offer any trading services to NRI.
Best for
- Users of Paytm need a smooth interaction with the Paytm network.
- Budget-conscious novices who wish to place trades and understand the principles of trading.
Related Article: How to Download the Vyapar App on a Desktop/ Laptop
2. Zerodha
The biggest stockbroker in India, Zerodha is renowned for both its affordable brokerage services and cutting-edge trading platform. A number of features are available in the program, including as sophisticated charting tools, instructional materials, and easy interaction with other financial goods.
Features
- Various order types, including AMO, GTT (Good Till Triggered), CO (Cover orders)
- Fast order execution and high fill rate for orders
- Track multiple instruments simultaneously.
- Fund transfer facility
- Integration with Quant enables users to access fundamental analysis tools.
- Trading Tool: Zerodha Kite Website and Mobile App
Pros
- High platform uptime even during trading hours.
- Advanced Charting, including various indicators and drawing tools for technical analysis.
- Cost-effective brokerage
Cons
- Limited education resources, compared to some competitors.
Best for
- Regular option traders who might make a lot of deals.
- Knowledgeable option traders that value quick platforms, cheap fees, and easy access to cutting-edge charting tools.
3. AngelOne
The app from AngelOne Broking is renowned for its extensive research reports, financial guidance, and cutting-edge trading capabilities. It provides competitive brokerage prices and serves a broad spectrum of investors, including novice and experienced traders.
Features
- ARQ Prime offers AI-based recommendations
- Advanced charting with 100+ technical indicators
- Margin Trading
- Stock Screeners
- Trading Tool: Angle One Website, Mobile App, and Angel SpeedPro (Trading Terminal)
Pros
- User-friendly BSE trading app with advanced features
- Multiple investment options, including stocks, mutual funds, ETFs, and IPOs through a single platform
- Investment advisory services and market research tools provided.
- Competitive price
Cons
- Some users report occasional lag and performance issues.
4. ICICI Direct
With ICICI Direct, traders get flexible access to their accounts from a variety of devices via a mobile app and web-based interface called Trade Racer Web. Especially for novices, features like research reports, fund transfers, live market commentary, fundamental analysis, and instructional materials simplify the trading process.
Features
- Invest in equities with just one click.
- Use a Systematic Equity Plan (SEP) for compounded growth.
- Offers E-ATM facility without additional costs.
- Payoff Analyser helps analyse potential profits and losses.
- Utilise the i-Lens feature for stock research.
- Trading Tool: ICICIdirect Mobile (Mobile Trading App), Trade Racer Web (Web-based Platform), and Trade Racer (Desktop Platform)
Pros
- Pay-later options at reduced margins.
- Customisable alerts for all transactions.
- Regular annual income payouts.
Cons
- Relatively higher charges
Best for
- Investors looking for an extensive platform with lots of different investment opportunities.
- Traders seeking cutting edge tools for analysis and research in order to make wise investment choices.
5. Groww
Groww is an easy-to-use program that lets users invest in mutual funds, stocks, and other financial goods. The software is renowned for its easy-to-use layout, instructive material, and quick account opening procedure.
Features and Tools
- The ‘Protect Order’ feature enhances trading discipline and simplifies trade management.
- Stock chart analysis guide
- Trend analysis resources
- Basic charting functionalities and technical indicators
- Trading Tool: Groww Website and Mobile App
Pros
- Free account opening and no account maintenance charges
- Free mutual fund investments with no transaction charges
- Fractional share investing
Cons
- Margin trading might not be suitable for beginners
Best for
- New investors, who are looking for a user-friendly platform to start their investment journey.
6. Motilal Oswal
Reputable full-service stockbroker Motilal Oswal Securities Limited has more than 35 years of experience in the business. It specializes in investment banking, wealth management, and asset management and offers both online and offline trading services. Motilal Oswal, which has more than 5 million consumers, was the first in India to offer quick, paperless trading and demat account opening services.
Features
- Here’s a rephrased version to avoid plagiarism:
- Extremely rapid trading execution with a 1-second refresh rate
- Advanced charting tools for detailed analysis
- Recommendations based on thorough research spanning various timeframes
- Built-in trade guide signal for automated buy/sell suggestions
- Access to a vast repository of over 30,000 research reports
- High-speed data feeds and seamless execution across multiple asset classes
- Trading Tools: Desktop Application (Desktop Trading Terminal), MO Trader (Online Trading App), MO Investor (Financial Fitness Platform), Option Writer, Option dCoder, and Option Store
Pros
- Fast and secure platform
- Multiple asset classes
- Offers a full-service experience with access to investment advisors and personalised recommendations
Cons
- Platform Might Not Be Ideal for Beginners
Best for
Beginners and experienced investors seeking a user-friendly platform with comprehensive features
7. Sharekhan
In India, Sharekhan is a full-service stockbroker that provides online investing and trading services. Its feature-rich platforms serve traders, investors, and newcomers to the market.
Features
- It offers research-driven financial advisory services.
- It conducts training courses for investors and traders in share market investments.
- Trading platforms: TradeTiger (Trading Terminal), Sharekhan Website and Mobile App, and InvesTiger App (Another Mobile App).
Pros
- Current news updates and research insights
- Setting up entry, target, and exit points on charts
- Access to option quotes featuring over 30 trading strategies
- Integration of API for automated trading
Cons
- Relatively higher brokerage.
Best for
- Traders with experience who need sophisticated charting, astute tools, and fast order placements;
- People seeking an easy-to-use platform and instructional assistance.
8. Upstox
Popular bargain brokerage Upstox offers a range of trading instruments, reasonable pricing, and an easy-to-use interface. With features including real-time data, graphing, and technical analysis, the program is made for both novice and seasoned traders.
Features
- Provides access to 12+ charts and 100+ indicators
- Users can create unlimited watchlists to track their preferred stocks, ETFs, and other assets.
- Upstox API helps create custom trading solutions and algorithms
Pros
- Paperless account opening
- Simple and intuitive interface
- Multiple platform options, including mobile app, web platform, or desktop trading terminal
- A fast and reliable platform for timely trade executions.
- Trading Tools: Pro Web (Web-based Trading Platform), Pro Mobile (Mobile Trading App), Algo Lab (Bridge for AmiBroker), Option Strategy Builder, Order Generator, and Third-Party Desktop Trading Platform, like Dartstock, Nest Trader and Fox Trader
Cons
- Some users complained about their customer service responsiveness.
Best for
- sophisticated charting tools and quick, dependable trade execution are essential for seasoned traders.
- Ttraders on a tight budget looking for one of the best low-cost trading platforms for brokerages in India.
9. HDFC Securities
Smooth trading experiences are provided by HDFC Securities for a range of financial instruments, such as mutual funds, stocks, and derivatives. It is the best trading platform in India for both novice and experienced traders because to its extensive range of services, cutting-edge charting tools and analytics, user-friendly interface, advisory services, and more.
Features
- Seamless online trading platform with smart all-inclusive portfolio management system
- IPO investments and financing
- Options for investing in government and corporate bonds
- Margin Trading
- Customisable watchlists
- Dedicated RMs to simplify investment options
- Portfolio management tool
- Trading Tool: HDFC Securities Website (Web-based Trading platform), ProTerminal (Stock Analysis & Trading Platform), Mobile Trading App, Blink, Smallcase, Arya (Voice Enabled Investing), Digify (Mutual Funds Platform), and Call & Trade
Pros
- Covers all investment options
- Competitive brokerage charges
- Strategy Builder helps analyse and create your trading strategies.
- Screeners and Radars help identify profitable opportunities swift
Cons
- Lacks commodity trading options.
- Relatively high brokerage and account opening charge
Best for
- investors seeking individualized insights into investing.
- traders looking for a high degree of diversity.
- investors seeking smooth trading processes with cutting-edge charting capabilities and up-to-date market information.
10. 5paisa
Another well-known bargain brokerage software in India is 5paisa, which provides a variety of investment possibilities along with affordable trading services. Features of the program include research recommendations, portfolio tracking, and real-time market data.
Features
- Multi-Segment Trading
- Options for streamlining portfolio management
- A fully automated trading advisory system provides personalised investment recommendations based on algorithms and market trends.
- Trading Tool: 5Paisa Trade Terminal, 5Paisa Website and Mobile App
Pros
- Multilingual Support
- Diverse investment options
- User-friendly interface
- Automated trading advisory system
Cons
- Users might encounter occasional technical glitches.
Best for
- Traders on a tight budget are looking for integrated financial services and inexpensive trading options.
- investors who desire access to a variety of financial goods, such as insurance and mutual funds.