The emergence of online stock trading apps has experienced an exponential surge since the onset of the pandemic in 2020. Fueled by high-speed internet access and an increasing emphasis on financial literacy, mobile applications for stock trading have revolutionized the industry. Indians are witnessing a seamless transition into a world of ultra-smooth and flexible trading capabilities, all accessible with a single click.
The widespread availability of these apps has made trading accessible even to beginners, as they not only facilitate buying and selling of financial instruments but also provide a range of valuable services. All that is required is a stable internet connection to ensure the smooth functioning of these trading apps.
Research studies have highlighted the extensive usage of trading apps among Indian millennials, particularly those aged between 20 and 35. A private brokerage firm’s analysis, reported in a daily publication, revealed a significant rise in the number of Demat account holders in India, reaching a remarkable 11 crore account in January 2023 compared to 8.4 crores in 2022. Such impressive figures would not have been achievable without the widespread adoption of mobile trading apps.
1. Zerodha Kite
Zerodha Kite, the flagship mobile trading app by Zerodha, India’s leading stockbroker, stands out among its competitors in terms of trade volume and user satisfaction. Available for both iOS and Android platforms, it is widely considered one of the best trading apps in India.
Top Features of Zerodha Kite:
- Chart with over 100 indicators
- Quick buy & sell
- Refined, easy user interface
- Easy funds overview
- Universal instrument search
- Real-time market analysis
- Integrated console and trading widgets
- Best Suitable for all types of trading
Pros:
- Trading app performs well even with weak internet connectivity, ensuring uninterrupted trading experiences.
- Seamless integration with third-party apps enhances functionality and provides additional tools for analysis and research.
- The app supports switching between 10 regional languages, facilitating ease of use for users across diverse language preferences.
Cons:
- Separate back-office management may require users to navigate between multiple platforms for complete account management.
- The app does not currently offer investment options for mutual funds and initial public offerings (IPOs).
Price: Zerodha Kite is free to use, providing access to its robust trading features without any subscription charges.
Trading Charges:
- Zerodha offers zero brokerage charges across all investments, making it a cost-effective choice for traders.
- In intraday trading, users are charged Rs. 20 per executed order, ensuring transparent and affordable transaction fees.
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ICICI Direct Markets:
ICICIdirect Markets emerges as the top trading app, providing an all-encompassing online trading and investing experience for investors, both new and experienced. With its user-friendly interface and quick order placements across various product categories, ICICIdirect Markets ensures accessibility and convenience.
Major Features of ICICIdirect Markets:
- Flash Trade
- Integrated Research
- Execution Algos
- 7 Rs Plan
- Zero Trade Hour
- Basket Orders
- Easy Options
- Experience instant payout within 5 minutes of selling shares
Pros:
- ICICIdirect Markets offers a wide range of features, catering to diverse trading and investing needs.
- Stay informed with notification alerts and reminders.
- No minimum deposit requirement, making it accessible for traders of all levels.
Cons:
- Mutual funds investment option is not available within the app, limiting diversification opportunities.
Price: The ICICI Direct Neo plan is priced at Rs 299 + 18% GST.
Trading Charges:
- Equity delivery charges can be as low as 0.1% with the Prime plan.
- Enjoy zero brokerage charges for all future trades with the Neo plan.
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Angel Broking:
Angel Broking, also known as Angel One App, is widely regarded as one of the premier trading apps in India’s broking sector. It caters to the needs of all types of investors who prefer to trade on the go. With its exceptional user interface, the app provides a seamless trading experience.
Top Features of Angel One App:
- Easy Buy & Sell of Stocks
- Track Derivatives Position
- More Than 40 Technical Chart Indicators
- Real-Time Online Fund Transfer to Over 40 Banks
- Easy Investment in Mutual Funds
- Best Suitable for Beginners and Bulk Traders
Pros:
- Zero brokerage charges, making it an attractive choice for cost-conscious traders.
- Option to invest in current and upcoming IPOs in India, providing opportunities for participation in new listings.
- Availability of margin accounts, allowing traders to leverage their investments.
Cons:
- Lack of copy trading feature, limiting the ability to replicate successful trades of other investors.
- Zero support for e-wallets, reducing payment options for users.
Price: No subscription fee is required to access the Angel One App.
Trading Charges:
- Angel Broking charges Rs. 20 per order or 0.25% of the transaction value (whichever is lower) across commodities, futures, forex, and options.
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Upstox
Upstox, one of India’s leading stockbrokers, offers Upstox PRO, a highly acclaimed mobile trading app. Formerly known as RKSV Securities and headquartered in Mumbai, the financial capital of India, Upstox has gained immense popularity in the trading community. With its web version and robust mobile app, Upstox PRO is considered one of the best trading apps in India.
Major Features of Upstox PRO Stock Market App:
- Universal Search Tool
- Various Charting Options
- Real-Time Application of Technical Indicators
- Trade from Charts (TFC)
- Price Alerts
- Instant Investing
Pros:
- Ability to place limit after-market orders, offering flexibility in trading strategies.
- User-friendly experience, ensuring a seamless and intuitive interface.
- Smartly designed user interface, enhancing ease of use.
Cons:
- Some features may be limited compared to other trading apps, potentially affecting the overall functionality.
- The app does not currently support investments in IPOs (Initial Public Offerings) and FPOs (Follow-on Public Offerings).
Price: Upstox PRO offers a free trial for users to explore its features and functionality.
Trading Charges:
- For equity delivery, the charges are Rs 20 or 2.5% of the net trade value (whichever is lower).
- For equity intraday, equity futures, currency futures, and commodity futures, the charges are Rs 20 or 0.05% (whichever is lower).
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5Paisa Mobile:
The 5Paisa Mobile Trading App is widely regarded as the best online trading app in India, offering a user-friendly interface that simplifies the trading experience. This versatile app is available for both iOS and Android platforms, catering to a wide range of users. With its comprehensive set of features, the 5Paisa app meets the needs of both investors and traders.
Features of the 5Paisa Stock Market App:
- Real-Time Screening of Quotes
- SIP (Systematic Investment Plan) Investment
- Robo Advisory
- Mutual Fund Investments
- Stock Trading in Multiple Segments
- Auto Investing
Pros:
- One-click order placement, making it ideal for day traders seeking quick execution.
- Option to create multiple watch lists, facilitating efficient tracking of desired stocks.
- Set price and time alerts, ensuring users stay updated on market movements.
- Zero commission charges on mutual fund investments, reducing overall costs.
Cons:
- The app does not currently support commodity trading, limiting trading options for users.
- Non-availability of 3-in-1 accounts, which provide seamless integration of trading, demat, and bank accounts.
Price: The Power Investor plan is priced at Rs. 499, while the Ultra Trader plan costs Rs. 999.
Trading Charges:
- Enjoy flat Rs. 20 per order charges across all trading segments, ensuring transparency and cost-effectiveness.
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Groww App:
Groww App has lived up to its name by providing a simple and user-friendly platform for stock trading. This well-recognized app allows traders to conduct business anytime and anywhere, making it the best trading app in India.
Features of the Groww App:
- Order Placement in a Single Click
- Smart Save
- Cancel/Stop a Currently Running SIP
- Easily Choose Between Regular and Mutual Funds
- Invest via UPI
- Portfolio Analysis
- Contrast Mutual Funds
- Customer Service Desk
Pros:
- Withdraw up to a maximum of 50,000 rupees or 90% of your investment per day, ensuring easy access to funds.
- Option to invest in gold, Indian and US stocks, mutual funds, and futures and options (F&O).
- Self-directed trading, allowing users to take control of their investment decisions.
- No account opening charges and no annual maintenance charges (AMC), reducing overall costs.
Cons:
- Advanced order options such as cover orders, brackets, and conditional orders are not available, limiting trading strategies.
- Price: The Groww App is free to use, providing users with a cost-effective trading platform.
Trading Charges:
- Flat Rs. 20 per order for the futures and options (F&O) segment.
- Flat Rs. 20 or 0.05% of the transaction value (whichever is lower) per order brokerage for general trading.
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Fyers Markets App:
FYERS Markets, provided by FYERS Securities, a leading stockbroker in India, is an exceptional and next-generation mobile trading app that enables traders to engage in stock trading without any physical barriers. With its impressive features, the app has rightfully earned its position as one of the best trading apps in India.
Top Features of FYERS Markets App:
- Extensive Historical Charts
- Watchlists and Chart Settings
- Multitasking Capability
- Fast and Reliable Streaming
- High-Level Security Protocol
- Best Suitable for Advanced Traders
Pros:
- Real-time customizable market watch feature enables users to access and analyze real-time data.
- Zero brokerage charges for equity delivery, reducing overall trading costs.
- Advanced trading options empower users with sophisticated trading strategies.
Cons:
- The app does not provide the facility to invest in mutual funds, limiting investment options for users.
- High depository charges may impact the overall cost-effectiveness.
Price: FYERS Markets is available for free, providing users with a cost-effective trading platform.
Trading Charges:
- Flat Rs. 20 per order for all segments, including derivatives, equity, commodity, and intraday, ensuring transparency and simplicity in trading charges.
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Sharekhan:
The Sharekhan mobile trading app encompasses a comprehensive range of leading trading features, including advanced charts, measurement tools, and watchlists. While the app offers a variety of basic and advanced tools, its promising features make it one of the best trading apps in India.
Features of the Sharekhan Mobile Trading App:
- Option to Invest in Mutual Funds
- Easy Fund Transfer Service
- Improved User Experience
- Personalized Default Screen
- Extra Security Level
- Best Suitable for Active Traders
Pros:
- Simple pay-in and pay-out options for seamless fund transfers.
- Access to learning resources at no additional cost, enabling users to enhance their trading knowledge.
- Quick and fast trading execution through this top online stock market app.
Cons:
- Call and Trade services are chargeable, impacting the overall cost for certain transactions.
- Users are required to change their password every 15 days, adding an additional step to the user experience.
Price: The Sharekhan mobile trading app is available for free installation, providing users with a cost-effective trading platform.
Trading Charges:
- For equity trades, the charges are 0.50% of the transaction value or 10 paise per share or Rs 16 per scrip (whichever is higher).
- For F&O (Futures and Options) trades, the charges are 0.10% on the first part and 0.10% if settled on any other day.
- For options trades, Sharekhan charges 2.50% of the total premium or Rs 250 per lot (whichever is higher).
- For currency futures, Sharekhan imposes a 0.10% charge.
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Edelweiss
The Edelweiss trading app is renowned for its convenient single-touch login feature, enabling users to access their accounts with a fingerprint. It also provides access to research tools during trades, enhancing the trading experience. As one of the best trading apps in India, it offers real-time streaming stock prices and tick-by-tick charts, allowing traders and investors to stay updated and analyze the market effectively.
Key Features of the Edelweiss Trading App:
- Dedicated Market View
- Real-time Market Commentary
- Integrated Equity Screen
- Derivative Transitions
- Advanced Market Analysis Tools
Pros:
- Market analysis tools enhance users’ ability to analyze the market and make informed trading decisions.
- Zero account opening charges and no annual maintenance charges (AMC), reducing overall costs.
- Easy fund transfer functionality adds convenience and contributes to a seamless trading experience.
Cons:
- The absence of bracket orders limits the availability of certain trading strategies.
- Trading through call may incur higher costs, impacting overall trading expenses.
Price: The Edelweiss trading app offers free account opening and does not impose any annual maintenance charges (AMC), making it a cost-effective option for users.
Trading Charges:
- A flat brokerage fee of Rs 10 per executed order is applicable, ensuring transparency and simplicity in trading charges.
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HDFC Securities
The HDFC Securities mobile trading app is a lightweight and user-friendly platform that can be quickly installed and utilized on any smartphone. It offers excellent speed and performance, providing traders with a seamless trading experience. The recent launch of a new version has further enhanced the app’s usability and exploration features. With over 10 lakh downloads from the Google Play Store and an average rating of 4.2, it has rightfully earned its place as one of the best trading apps in India.
Key Features of the HDFC Securities App:
- Availability of Technical Indicators
- Fingerprint Login
- Intraday Charts with Multiple Time Frames
- Customizable Watchlists
- Option to Buy Gold
- Diverse Price Actions
Pros:
- Intraday real-time charting enables traders to closely monitor market trends and make informed decisions.
- Regular news updates and notifications keep users informed about the stock market and relevant developments.
- Global trading options and the ability to buy digital gold expand investment opportunities.
Cons:
- The app incurs costly brokerage charges, impacting overall trading costs.
- The absence of an upfront buying and selling process may present limitations for some users.
Price: The HDFC Securities app offers a Lite subscription plan priced at Rs 199, providing users with access to advanced features.
Trading Charges:
- For equity delivery, equity intraday, and equity futures, the charges are 0.50% of the transaction value or a minimum of Rs 25.
- For equity options, the charges are Rs 100 per lot or 1% of the premium (whichever is higher).
Factors to Consider When Choosing the Best Trading App in India
With a plethora of options available, finding the best trading app in India requires careful consideration. To discover the finest trading software that suits your needs, there are several crucial factors to take into account:
- Security: Prioritize the safety of your investments by selecting a trading app that offers two-factor authentication and encryption to ensure the security of your personal and financial information.
- User Interface: Look for a trading app with an intuitive user interface that allows for easy navigation and seamless trade execution. A high-quality app should provide a user-friendly experience.
- Features: Opt for a trading app that offers a comprehensive range of features, including real-time data access, advanced charting tools, and trade alerts. These features are essential for informed decision-making.
- Trading Options: Consider your trading objectives and ambitions when choosing a trading app. Look for an app that provides a wide variety of tradable instruments, such as stocks, mutual funds, and other assets that align with your investment goals.
- Brokerage Fees: Evaluate the brokerage fees associated with the trading app. It is important to choose an app that offers reasonable prices and be aware of any additional costs that may be incurred. Consider the impact of brokerage expenses on your overall trading costs.
- User Reviews and Ratings: Gain insights into the experiences of other users by reading reviews and ratings of the best stock market apps. This can provide valuable information about the app’s performance, reliability, and user satisfaction. Consider the feedback from other users to make an informed decision.
Conclusion
By enrolling in ISM’s trading courses, individuals can benefit from a structured curriculum that covers fundamental concepts, technical analysis, risk management strategies, and hands-on trading simulations. The expertise of the faculty members, who are seasoned professionals in the field, ensures that students receive valuable insights and guidance throughout their learning journey.
ISM’s emphasis on practical application sets it apart from other institutions. Through real-time market analysis, case studies, and live trading sessions, students gain practical experience and develop the necessary skills to navigate the dynamic stock market with confidence.
Furthermore, ISM’s commitment to providing continuous support and resources beyond the course duration ensures that students have ongoing access to up-to-date market insights, research reports, and expert guidance. This ongoing engagement fosters a community of traders and investors who can collaborate, exchange ideas, and stay informed about the latest trends in the stock market.