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10 Best Trading Apps in India (2024)
If you are looking for the best trading apps in India, read this article to learn more about the best trading apps in India.
Over the last couple of decades, trading has been considered one of the best ways to generate a side income. There are many applications that people currently use for trading. However, many of them are not good or safe. If you are looking for the best trading apps in India, read this article to learn more about the best trading apps in India.
Paytm Money is India's best overall trading application, offering Rs. 500 free brokerage this month. Aside from that, the app has an easy-to-use interface and a lot of advanced trade analysis tools that can help you.
Paytm Money is registered with SEBI as a stockbroker and investment advisor. The corporation is a member of NSE, BSE, and CDSL as a depository participant and member. Paytm Money was founded as a platform for direct mutual fund investments. Rs. 500 free brokerage this month.
Android Rating - 4.5/5.0
IOS Rating - 4.0/5.0 stars
App Downloads - 100K +
Speciality - All types of trading solutions
Company - PayTM
Free equity trading
Zero commission on direct mutual funds
Maximum brokerage is Rs. 15 per trade
Zero maintenance charges
Fully digital account opening process
Feature to switch external regular mutual fund to direct mutual fund
Pros
Many free analysis tools to determine your mistakes
A simple-to-use platform
Great customer support
Cons
NA
Paytm Money uses a fixed brokerage model for intraday trading, charging a flat fee of Rs 15 or 0.05% (whichever is lesser) for each executed order. All segments have Rs. 15 maximum brokerages payable per order.
Zerodha Kite is an all-in-one trading solution for people. It has many advanced trade analysis tools and a very simple user interface, making it a superb option for both beginners and professional traders.
Android Rating - 4.3/5.0
IOS Rating - 3.2/5.0 stars
App Downloads - 100 Lakhs +
Speciality - Provides all types of trading option
Company - Zerodha
Superfast buying and selling of stocks
Large number of both local and international stocks are listed
Simplistic user interface
It is an all-in-one trading solution
Pros
Numerous languages are supported
Trading can be done even with a weak internet connection
Cons
Mutual funds option is not available
Rs. 20 is charged per executed order in intraday
No brokerage charges across any investments
The Angel One trading application has a very simple and easy-to-use interface, which makes it a great option for beginners. It comes with many advanced trade analysis tools, helping people discover their mistakes and become better traders.
Android Rating - 4.2/5.0
IOS Rating - 3.6/5.0 stars
App Downloads - Over 1 crore
Speciality - Has many advanced trade analysis tools
Company - Angel One
Quick selling and buying of stocks
Amazing user interface
Mutual funds investment option is available
Pros
Low investment charges
Option to invest in the upcoming IPO in India
Cons
Provides no support for e-wallets
Does not have the copy trading feature
Rs. 20 is charged across commodities, forex, options and futures
Upstox Pro is one of the biggest trading applications in India, owned by Upstox. It is popularly known for its instant investing feature and huge local and international stock portfolio.
Android Rating - 4.3/5.0
IOS Rating - 4.1/5.0 stars
App Downloads - Over 1 crore
Speciality - Universal searching tools to determine easy and complex stocks
Company - Upstox
Allows instant investing
Comes with TFC feature
You can define n number of price alerts to get instant updates
Pros
You can set limits for aftermarket orders
Very simple user interface
Cons
You can't invest in IPOs and FPOs using this app
Rs. 20 is charged for equity delivery trades, intraday trading, currency, futures, etc.
Groww is considered to be the best beginner-friendly trading application in India. It allows people to open their Demat account for free and offers them many amazing trading analysis tools that can be helpful for them.
Android Rating - 4.6/5.0
IOS Rating - 4.4/5.0 stars
App Downloads - Over 1 crore
Speciality - Perfect for beginners
Company - Groww
Allows you to open a free Groww Demat account
No commission on mutual fund investments
Very simple user interface
Pros
You can place an order with a single click
No charges to open your account or to maintain it
Cons
Charges for call and trade per order is very high
It does not support an NRI account
Rs. 20 or 0.05% (whichever is lower) is charged for equity intraday, equity delivery trades
5paisa App is one of the most popular trading applications in India. It allows its customers to trade at all three big exchanges, i.e., BSE, NSE, and MCX, which makes it a superb option.
Android Rating - 4.3/5.0
IOS Rating - 4.1/5.0 stars
App Downloads - Over 50 lakhs
Speciality - Perfect for auto investing
Company - 5paisa
You get auto investing option
Allows you to invest in mutual funds
Regularly provides amazing offers to its customer
Pros
You can set price and time alerts
No commission on mutual funds investment
Cons
Do not have commodity trading option
Rs. 20 is charged per order for all forms of trading segment
ICICI Direct App is one of the biggest trading platforms in India, which ICICI Group owns. It provides online trading and investment services to more than 50 lakh customers. You can open your account on this platform for free.
Android Rating - 3.6/5.0
App Downloads - Over 10 lakhs
Speciality - Easy to use trading application
Company - ICICI Group
Provides many analytical tools such as charting, graphs, live P&L statements
Speedy order placements, just swipe to sell or buy stocks
Offers several plans with features and benefits such as neo plan, prime plan, etc.
Pros
Just swipe to buy or sell stocks
Pay later with marginal trading option
Cons
Not great reviews on iOS and Android
Slow login process
Rs. 20 per executed order for equity delivery, options, etc.
The Edelweiss App is known for its simple single-touch login feature, which can be done using your fingerprint. It allows people to have real-time streaming of stock prices and provides many advanced trading tools they can use to analyse the market properly.
Android Rating - 4.3/5.0
IOS Rating - 4.0/5.0
App Downloads - Over 10 lakhs
Speciality - Very low brokerage charges for all executed orders
Company - Edelweiss
Provides many advanced market analysing tools which can help you to make accurate decisions
Allow you to log in just with your fingerprint
Pros
No charges to open your account
Beginner-friendly user interface
Simple to transfer fund
Cons
Charges for call and trade are high
Just Rs.10 for all executed orders as brokerage.
FYERS is one of the best trading platforms in India. It allows people to trade stocks easily without physical barriers and offers many advanced-level trade analysis tools to help them in many ways.
Android Ratings - 4.0/5.0
IOS Rating - 2.3/5.0
App Downloads - Over 1lakhs
Speciality - Perfect option for professional traders
Company - FYERS Securities
Allows you to get real-time data through the market watch
Quick and reliable charts, streaming quotes
Pros
Advanced-level trading options
No brokerage charges for equity delivery trades
Cons
Very bad reviews over IOS
High deposit charges
Rs.20 per order across all segments, such as equity, intraday, etc.
The AliceBlue Trading application has one of the lowest brokerage charges in the share market industry. It offers many different trading options, such as commodities, equity, futures, etc., which can be helpful for you.
Android Ratings - 4.0/5.0
App Downloads - Over 1 lakh
Speciality - Very low fees and offers all types of trading options
Company - AliceBlue
Very low intraday trading charges
Many trade analysis tools
Offers all types of trading options
Pros
Just Rs. 15 for intraday trading
Simple and easy-to-use interface
Cons
Not much popular
Rs.15/order for all the executed orders
Benefits
Can get live stock market updates
Simple and easy-to-use user interface
Simple and quick order placement
Huge portfolio of both local and international stocks
Amazing customer support
Many advanced trade analysis tools
Tips
Always set reminders for stock prices
Make use of the advanced trade analysis tools to find out your mistakes
Book profit when your target is reached
It is not easy to find a good trading app nowadays. You should consider several things while considering the best trading app in India. Here are some of the important parameters among them-
Reliability - You should look for safe and reliable apps, such as Zerodha Kite and Angel One. It would allow you to trade stocks without any tension.
World-class features - Make sure you find trading applications with great and unique features. It can allow you to enjoy many benefits.
Easy and user-friendly interface - You won't want to go through several manuals just to buy or sell stock. Therefore, use a trading application with an easy and user-friendly interface. It can simplify everything for you and would save you lots of time.
Prices charged by them - Every trading application has different trading charges. You should go for applications which have the lowest trading fees. It would save you lots of money in the long run.
Superfast trading speed - Every second is precious while you are trading. Doing a little late while selling your stocks may lead you to face losses. So, look for an application which has superfast trading speed.
Cross-Platform: Time is a very important component in trading, so trading applications are created to enable users to connect to their app in seconds on various media platforms. These may be utilised on iOS and Android platforms, giving consumers access to their software at any location or device.
Real-Time Data: The main function of a trading app is this, which is why the trading and investment community uses them so frequently. One can easily trade or invest in various platforms just by sitting at home or working from the office because their trading app gives them access to real-time data, live news, pricing, and other real-time information. Real-time data, for instance, instantaneously displays the price variation of a specific stock, assisting traders in making profitable trades.
Notifications: Smart notifications are a crucial feature that no trader wants to overlook since they can work wonders for your app. Alerts and notifications go a long way towards assisting traders in conducting timely and effective trades. While some apps charge for immediate alerts and notifications, others might give them out for free.
The volume of Trades: The trading app enables traders or investors to quickly execute big volume deals and quickly profit from their investments.
Online Chat: For any online trading application to succeed in the long run, customer satisfaction is crucial. Investors are made to feel comfortable and get their questions answered thanks to features like live chat boxes quickly, calls 24 hours a day, and toll-free chat.
Choose your broker and use the mobile number associated with Aadhar to download their XYZ trading app.
When signing up, create a user ID and password, and keep your PAN, Aadhar, and bank account numbers handy for online document submission.
You must enter the OTP that was received from the trading app to your registered cellphone number after providing all the necessary information.
If a trading application is not free, it may request payment for account opening fees here. You can also log in right away if it's free.
Once logged in, you may start trading and make a watchlist.
Submit any one photo identity proof like a PAN card / Voter’s ID / Passport / Driving license / Aadhaar card.
Anyone's address proof must be submitted, like a Landline bill / Electricity bill / Bank statement / Ration card/ Passport / Voter’s ID.
An income proof will be required to open a trading account like the last six months' bank statement/ three months' salary slips/Income tax return.
Any bank account proof for successful transaction processes like a Canceled cheque/ bank passport/account statement
A passport-size photograph
Digital signature
Zerodha Kite, Angel One, and Finq.com are some of the safest trading applications in India. And if you are looking for more, you can check the list above.
Edelweiss is the cheapest trading app in India, with just Rs. 10 per trade.
Yes, it is 100% safe to trade. You should only make sure you use a good and renowned trading app.
You can start trading if you want to generate a good amount of side income. It can be done using trading applications. We have listed some of India's best ones here, which you can check out.
Our shortlisting criteria comprise various factors to pick and choose the best recommendations for you. We have a dedicated team of experts with technical knowledge and expertise best suited for this task.
Each team member has the shared core values of maintaining independence, transparency, and impartiality towards choosing products and services that are the best for our readers and consumers.
Broadly, the shortlisting criteria consist of two distinct stages, i.e., the Product selection process and the Testing process.
Under the product selection process, we undergo extensive market research, finding different products and services in a particular category. We check and evaluate the technical specifications, services offered, latest technologies & updates, user-friendliness, cost-to-benefit analysis, customer ratings, reviews, and satisfaction. We check the brand and market value, reputation, reliability, and customer support. Considering all these factors, we pick the best products for further testing.
After objectively picking the best products and services in their respective categories, we subject them to our comprehensive testing process. In cases where we couldn’t get our hands on the products, we do theoretical analysis and take extensive feedback from current users. During this stage, our team of experts checks the technologies' effectiveness and the products' performance. Simultaneously, we do a comparative analysis of various products tested, listing their pros and cons.
Finally, we pick the best products by combining objective and subjective testing and evaluation and recommend the best.
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