The Indian stock market is indeed a thrilling battlefield! One wrong move, and you might lose your years of hard-earned money in just a blink! To stay ahead of the market, you should always pay keen attention to the ever-changing stock price. Well, the best trading apps in India unlock endless trading opportunities for new and seasoned traders.
By using these apps, you can access their investment portfolio anywhere at any time, without the need for visiting brokerage firms. Additionally, you can get the latest news and updates on the share market and stock world. It, consequently will keep you aware of the market fluctuations and let to decide to sell or buy stocks in just a few simple clicks!
With abundant choices in trading apps, picking the right one might seem overwhelming. Fret not, as through this write-up, we will talk about the 10 best trading platforms in India that are worth giving a try!
Trading Apps, Their Function, and Significance
Trading apps basically connect the traders and the online brokers, eliminating the need for mediators. With these applications, traders can conveniently monitor the real-time updates of the stock market. Further, they can use the information to sell or buy stock and other financial products accordingly.
Using trading apps is not at all a big deal! All you need to do is install your desired trading app and create a brokerage account. For that, you need to input your personal credentials like name, address, PAN card details, etc.
Once you set up your account and comply with the SEBI (Securities Exchange Board of India) regulation, you can get started with ease! Trading apps are linked with your bank accounts, so any transactions you make are done through your baking channels.
10 Best Trading Apps in India
In terms of accessibility and convenience, trading apps have revolutionized the entire trading scene, making it a must-use tool for aspiring investors. Let us help break all your dilemmas and guide you about the 10 best trading apps to help you navigate the dynamic Indian trading market.
1. Angel One
The user-friendly interface, diverse investment choices, low-cost brokerage, and research tool make Angel One, one of the best trading apps in India. Besides trading with stocks, the trading app lets you invest in a variety of financial products.
These include company shares, mutual funds, IPOs, F&O, derivatives, commodities, etc. Angel One even lets you gain access to US stocks which can generate more revenue than nationwide financial products!
Angel One maintains complete transparency in its fee structure, freeing the users from the chances of hidden or additional charges. The brokerage charge of the app is as low as Rs 20 per order. Also, beginners would find it especially helpful, as it does not charge any maintenance fee in the initial year.
It’s mobile-friendly and accessible even without internet connectivity. With diverse trading segments, including forex, real-time advisory solutions, and a 4.4-star rating, Angel One is no doubt the best trading app for beginners and pro traders.
Pros
- Comprehensive research reports along with functional market research tools
- Seamless trading, flexible investment plans, and easy investment management
- Users can relish certain discounts on the brokerage plans
- Smooth, lag-free performance both in online and offline mode
- Zero brokerage fees on equity delivery
Cons
There are no such cons about the app, other than its complex fee structure. Though the rate starts at INR 20, it can rise higher for certain brokerage plans and traders.
Additional Details:
- Website: https://www.angelone.in/
- Playstore Rating: 4.3
2. Upstox App
Counted among the best trading platforms, Upstox has a beginner-friendly interface. The affordable brokerage fees, i.e., Rs 20 per order, and brilliant analytical tools ensure a smooth and speedy trading experience. With the app, you can get access to real-time trading and stock market data and make informed decisions.
In case you are a new or multi-asset investor and a little bit value-conscious, Upstox can be your go-to choice. However, apart from the brokerage fees, you would be required to pay for the STT, SEBI, and GST charges.
Upstox will equip you with diverse investment opportunities and access to different commodities and derivatives. Featuring a comprehensive charting tool, the app lets you visualize and analyze your stock performance hassle-free.
Another reason that makes Upstox one of the best trading apps in India is the educational resources and trading news. You can spend hours on it learning about new things and further use them to hone your trading skills shortly!
Pros
- Easy-to-access and navigate interface for beginners
- Affordable brokerage fees
- Investment opportunities in numerous assets and products
- Real-time market data and zero commission on equity delivery
Cons
- There might be some additional charges other than brokerage fees
- No physical branch which results in poor in-person customer support
- Limited option in offline mode
Additional Details:
- Website: https://upstox.com/
- Playstore Rating: 4.4
3. Groww App
Among all the best trading platforms in India, Groww App is a popular choice for newbies in the stock market. If you plan for a long-term investment, you can find the app fruitful for its fractional share investment choice. With ease of navigation and a user-friendly research tool, you can conveniently classify the potential but undervalued trading opportunities.
No matter whether you seek interest in Intraday, The brokerage charge is pretty low; a minimum of INR 20. But, you need to stay prepared to pay the additional charges for STT, SEBI, and GST, just like Upstox. However, the demat account holders do not have to pay any maintenance charge.
The key features that keep Groww ahead of other best trading platforms are stock screeners, a SIP calculator, smart alerts, etc. The app also prioritizes the safety of its users and implements strict verification methods and encryption of the data and transactions.
Pros
- No commission on the equity delivery trading
- Zero maintenance cost and free account creation facility
- Portfolio tracker and various asset investment choices, including gold, mutual funds
- Expert guidance, educational resources, and real-time stock market updates
Cons
- Limitations in currency, derivatives, commodities, and research tool
- No advanced charting tools, back-testing support, or technical indicators
Additional Details:
- Website: https://groww.in/
- Playstore Rating: 4.1
4. Motilal Oswal
Motilal Oswal consistently has a place in lists of the best trading apps in India for its exceptional MOSL Advisory. Besides, it blesses the users with a comprehensive research tool to explore the most lucrative trading and investment opportunities.
Investors and traders who face difficulties in decision-making and seek expert guidance and recommendations would find this app beneficial. With a 0.30% intraday commission fee and 0.50% equity delivery charges the app is scarcely suitable for value-conscious investors.
Alongside stocks, the mobile trading platform offers the users direct access to AIF PMS, etc., financial products. To keep track of your investment, Motilal Oswal showers you with the facilities of wealth and investment management facilities.
Additionally, the app incorporates a dedicated support team that stays available 24/7 to resolve your doubts and queries. With well-researched investment suggestions, diverse investment and trading options, and lag-free performance it is one of the best trading platforms for new traders.
Pros
- Chances of handsome revenue generation for expert advisory
- Diverse financial services like wealth management and investment portfolio tracking for easy trading
- Strong market analysis and extensive research tool
Cons
- High brokerage fees
- Unlike most other stock market apps, Motilal holds a certain fee on equity delivery
Additional Details:
- Website: https://www.motilaloswal.com/
- Playstore Rating: 4.2
5. 5paisa App
Is trading and investing in financial assets your side hustle? And are you a bit cost-conscious about the resources? Then creating an account in 5paisa can help! This best trading app in India is well-known for its fair and transparent fee structure and excellent trading opportunities.
Through the app, you can trade in stocks, mutual funds, currencies, derivatives, etc.
The excellent features of the app, including the analytical tools and diverse investment choices make it a must-use tool for Algo investors. Alongside mutual funds, the app also allows you to gain access to different insurance policies!
The brokerage charges of 5paise are competitive, you need to pay INR 20 per commodity and Intraday order. Speaking of the additional charges, the users might come across some extra commodity charges, transaction fees, and GST.
Having a 4.1 Android and 4.2 iOS rating, the best trading app for beginners and pro traders comes with a comprehensive research tool. Using it, you can explore the most lucrative trading deals and investment opportunities!
Pros
- Low-cost transaction and brokerage fees.
- Extensive research tools along with diverse financial instruments
- Beginner-friendly interface
- Comprehensive research reports and real-time stock market data
Cons
- For physical deliveries, users need to pay a higher charge
- Limited access in offline mode
- Have room for improvement in customer support
Additional Details:
- Website: https://www.5paisa.com/
- Playstore Rating: 4.3
6. FYERS
FYERS is noted as among the best trading apps in India and well-suited for active, algorithmic and technical traders who are value-conscious. The app has made its way to the Indian trading industry for its exceptional features and low commissions. It enjoys an Android rating of 4.5 and an iOS rating of 4.4.
Keeping aside the commission charge of INR 20 per commodity and equity intraday order, the additional charges of the app include STT, GST, and SEBI fees. One of the most eye-catching features of the trading app is its more than built-in 100 technical indicators.
Employing backtesting and research tools, you can get live updates of the trading world and use them to progress in your trading journey. The simple app interface and free account creation facility make FYERS a reliable platform for those who have got their hands on trading for the first time.
The app performs smoothly, with no complaints of delayed response or technical glitches, which is crucial during peak trading hours.
Pros
- Affordable brokerage charges and free account creation
- Fractional share investment opportunity
- Supports algorithmic trading
- Clutter-free and easy-to-navigate interface
Cons
- Possibilities of higher fees for physical security delivery
- No direct option to access charting tools
- Occasional technical glitches
Additional Details:
- Website: https://fyers.in/
- Playstore Rating: 4.5
7. Zerodha Kite
Zerodha Kite is a feature-packed trading platform appropriate for active traders! If you consider trading as your primary income source, you should try trading through the app. The mobile app features more than 100 charting tools, a clutter-free interface, and analytical tools. All these perks ensure you an uninterrupted trading experience.
Moreover, the app allows you to engage with diverse investment options, like derivatives, commodities, stocks, and whatnot! Both the intraday and commodity orders require you to pay a minimal commission fee of Rs. 20 per order.
Apart from the brokerage fees, there are some additional charges for the users to pay. For example, Zerodha Kite holds separate charges for transactions and stamp duties, commodities, SEBI, etc. Marked as the best trading app in India, Zerodha Kite gives you access to real-time market data.
One of the finest aspects of this app is its leverage indicator. Using it, you can quickly assess the leverage value of a particular trade contrary to the equity stocks.
Pros
- No commission charge for Mutual Funds and equity delivery
- Easy and direct access to Initial Public Offerings
- Access to advanced features, view breakdown for transparency in the trading charges
- The convenience of creating a 3-in-1 demat account with IDFC first
Cons
- The SMS alerts require additional charges
- No facility for research reports or stock advice
- Additional charges for account opening and maintenance
Additional Details:
- Website: https://zerodha.com/
- Playstore Rating: 3.8
8. Choice Broking
The technical analytical features and live stock market data make Choice Broking one of the best trading apps in India. Having an Android rating of 3.9 and an iOS rating of 3.6, the app facilitates new users with free demat account creation.
The interface of the app is designed simply and made navigation-friendly so that any newbie can access it hassle-free. Choice Broking does not have an account maintenance charge for the first year. But you would need to pay Rs. 200 for the following years.
With Choice Broking, you can avail of the IPO application services. Moreover, you can relish the perks of free calling and trading facilities. You can directly talk to the management and get suggestions on advanced orders, for an example bracket order. Though the brokerage charge is low, i.e., Rs. 20 per order, there are some additional charges of STT, GST, SEBI.
Pros
- Comprehensive charting tools for assessing sock performance
- Trading advice from experts through call support
- Rewarding referral programs for new users
- Free demat account creation facility
Cons
- Limited advanced features
- Complex for new traders
- Costly additional charges
Additional Details:
- Website: https://choiceindia.com/
- Playstore Rating: 3.9
9. Dhan
Are you someone who gets driven by AI-powered trading strategies? Then, you should definitely give a try to the app called Dhan. It allows traders to make informed decisions through its AI-powered stock market insights and trading signals.
The brokerage charge is low, i.e., Rs. 20 per order. Alongside the trading commission charge, the app holds additional SEBI, STT, and GST charges. The opportunity of fractional investment and IPO access have earned it the title of one of the best trading platforms.
Another aspect that makes the app beginner-friendly is its extensive TradingView charts. This particular feature simplifies the process of investing through customizable watchlists, market analysis, alerts for stock prices, etc.
One more great quality of the app is its instant fund withdrawal abilities. That means you can claim your money anytime and get it directly transferred into your bank accounts. The app incorporates all the features needed for easy trading, like technical indicators, quick order placement, etc.
Pros
- Automation facility and AI-powered market analysis
- Affordable trading charges
- Advanced trading features
Cons
- Does offer the facilities of stock suggestions or recommendations
- Does not come with research reports
- Limited advisory resources make it unsuitable for new traders
Additional Details:
- Website: https://dhan.co/
- Playstore Rating: 4.2
10. IIFL Securities
Known for its comprehensive charting tools and 20+ investment options, IIFL Securities ensures safe and secure trading at low brokerage fees. You need to pay around INR 20 per order and the app charges 0.05% commission for equity delivery. The additional charges include the fees of SEBI, STT, and GST.
If you are new in the trading and stock market industry and need expert guidance, IIFL Securities equips you with everything that you need. Its built-in research tool and suggestions assist you in your trading journey, ensuring up to 4x margin trading amenities.
The trading platform lets you make customized research to cater to your personalized investment requirements. With an easy-to-use interface, the app performs smoothly, facilitating you with AI-driven market data.
Pros
- Robust research and well-researched stock recommendations
- Free account creation and zero maintenance charge for the first year
- Advanced and comprehensive charting tool
Cons
- Unlike other trading platforms, it holds a commission on equity delivery
- No facilities for mutual funds
- Call and trade charges are INR 50 per call
Additional Details:
- Website: https://www.iiflsecurities.com/
- Playstore Rating: 4.4
Wrapping Up
By incorporating the best trading apps in India into your trading journey, you can save money on the share of the intermediates. It’s a primary reason why traders are so keen about using these applications. However, when money is involved, staying a little concerned about the security policies of trading apps is necessary.
The apps we have discussed in the write-up are strict about security measures and ensure complete privacy of your personal and banking credentials. Before you choose any one of them to proceed with, double-check their customer support and user interface to make sure you’re comfortable with it.
