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.
Best-Trading-Apps
Best-Trading-Apps

This article is related to an affiliate advertising program and The New Indian Express's journalists were not involved in production of this article. 

Please note that the prices may vary

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.

Our Top Picks 

Best Overall - PayTM Money

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.

Best for Beginners and most popular - Zerodha Kite

Zerodha Kite is the best forex trading application in India as it allows people to trade across so many assets and provides many free trade analysis tools that can be helpful for them.

Best for Trading - Aditya Birla Money

Aditya Birla Money is the best trading application due to its simple and easy-to-use user interface.

List of The Top 10 Trading Apps In India

Rank

Names

Ratings

Top Features

Fees

(Per Trade)

Best Offers

1

Paytm Money

5.0/5.0

Zero commission on direct mutual funds

Rs. 15

Rs. 500 free brokerage this month

2

Zerodha Kite

5.0/5.0

Has all the stock trading options

Rs. 20

Zerodha Referral and Earn: Flat 10% Brokerage + Extra 300 Reward Points

3

Angel One 

5.0/5.0

Rapid buying and selling of stocks

Rs. 20

Free Offer : Free Demat Account

4

Upstox App

4.7/5.0

Best for instant investing 

Rs. 20

Sign Up Offer: Sign up for Free and start your investing journey today

5

Groww App

4.6/5.0

Perfect for Beginners


 

0.05% or Rs. 20

(which one is lower)

Mutual Funds Offer : Get Up to 65% back on your mutual fund investment

6

5paisa App

4.6/5.0

Has Auto investing option

Rs. 20

5paisa IPO Offer - 30 days Power Investor Subscription Free

7

ICICI Direct App

4.5/5.0

Pay Later with marginal trading

Rs. 20

No current offers

8

Edelweiss

App

4.3/5.0

Has many advanced trade analysis tools

Rs. 10

No current offers

9

FYERS

4.0/5.0

One of the lowest trading fees

0.03% or Rs. 20

(which one is lower)

Free Account Opening 

10

AliceBlue App

4.0/5.0

Just Rs.15 for intraday trading

Rs. 15

Special offer : Trade brokerage-free equity delivery

Comparison Between Apps

App Name

Ratings

Charges

Unique Features 

Paytm Money

5.0/5.0

Rs. 500 free brokerage this month

Many free trade analysis tools and pending bonuses on trading volumes 

Zerodha Kite

5.0/5.0

No charges for equity delivery

It is an all-in-one trading solution

Angel One

5.0/5.0

No charges for trade across any segment 

Perfect option for beginners

Upstox App

4.8/5.0

Rs. 20 for per executed orders

Advanced charting tools with over 100 technical indicators 

Groww app

4.6/5.0

Rs. 20 or 0.05% (which is lower) per executed order

100 percent paperless process to open account 

5paisa App

4.6/5.0

Rs. 20 per trade 

Has Auto investing option

ICICI App

4.5/5.0

0.05 per cent brokerage charges

Pay Later option with marginal trading

Edelweiss App

4.3/5.0

Rs. 10 per executed trade

Very low brokerage charges

FYERS

4.0/5.0

No brokerage charges and account opening charges

No commission on investing in mutual funds

AliceBlue App

4.0/5.0

Rs. 15 per trade charge

One of the lowest intraday trading charges

Complete Review Of All Best Trading Apps In India

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

Features

  • 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

Cons

Many free analysis tools to determine your mistakes

NA

A simple-to-use platform

 

Great customer support

 

Charges:

  • 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

Features:

  • 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

Cons

Numerous languages are supported

The mutual funds option is not available

Trading can be done even with a weak internet connection

 

Charges:

  • Rs. 20 is charged per executed order in intraday
  • No brokerage charges across any investments

3. Angel One App

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

Features:

  • Quick selling and buying of stocks 
  • Amazing user interface
  • Mutual funds investment option is available

Pros

Cons

Low investment charges 

Provides no support for e-wallets

Option to invest in the upcoming IPO in India

Does not have the copy trading feature

Charges:

  • Rs. 20 is charged across commodities, forex, options and futures

4. Upstox Pro Trading app

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

Features:

  • Allows instant investing  
  • Comes with TFC feature
  • You can define n number of price alerts to get instant updates 

Pros

Cons

You can set limits for aftermarket orders

You can't invest in IPOs and FPOs using this app

Very simple user interface 

 

Charges:

  • Rs. 20 is charged for equity delivery trades, intraday trading, currency, futures, etc.

5. Groww App

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

Features:

  • Allows you to open a free Groww Demat account  
  • No commission on mutual fund investments
  • Very simple user interface  

Pros

Cons

You can place an order with a single click 

Charges for call and trade per order is very high 

No charges to open your account or to maintain it

It does not support an NRI account

Charges:

  • Rs. 20 or 0.05%  (whichever is lower) is charged for equity intraday, equity delivery trades

6. 5paisa App

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 

Features:

  • You get auto investing option   
  • Allows you to invest in mutual funds
  • Regularly provides amazing offers to its customer

Pros

Cons

You can set price and time alerts 

Do not have commodity trading option

No commission on the mutual fund's investment

 

Charges:

  • Rs. 20 is charged per order for all forms of trading segment 

7. ICICI Direct App

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

Features:

  • 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

Cons

Just swipe to buy or sell stocks 

Not great reviews on iOS and Android 

Pay later with a marginal trading option 

Slow login process

Charges:

  • Rs. 20 per executed order for equity delivery, options, etc.

8. Edelweiss App

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

Features:

  • Provides many advanced market analysing tools which can help you to make accurate decisions 
  • Allow you to log in just with your fingerprint  

Pros

Cons

No charges to open your account 

Charges for call and trade are high 

Beginner-friendly user interface 

 

Simple to transfer fund

 

Charges:

  • Just Rs.10 for all executed orders as brokerage. 

9. FYERS App

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 

Features:

  • Allows you to get real-time data through the market watch  
  • Quick and reliable charts, streaming quotes

Pros

Cons

Advanced-level trading options 

Very bad reviews over IOS

No brokerage charges for equity delivery trades 

High deposit charges 

Charges:

  • Rs.20 per order across all segments, such as equity, intraday, etc.

10. AliceBlue App

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 

Features:

  • Very low intraday trading charges  
  • Many trade analysis tools
  • Offers all types of trading options 

Pros

Cons

Just Rs. 15 for intraday trading 

Not much popular

Simple and easy-to-use interface

 

Charges:

  • Rs.15/order for all the executed orders

Benefits Of Using The Best Trading Apps and Tips

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

Best App For Trading - Best Stock Market Apps With Their Trading Charges

Names 

Trading Charges

Finq.com

0.08% - 0.20% (depending on your account type)

Zerodha Kite

Rs. 20

Angel One App

Rs. 20

Upstox App

Rs. 20

Groww App

0.05% or Rs. 20 (which one is lower)

5paisa online trading app

Rs. 20

ICICI Direct App

Rs. 20

Edelweiss App

Rs. 10

FYERS

0.03% or Rs.20(which one is lower)

AliceBlue App

Rs. 15

Parameters To Consider While Choosing The Best Trading App In India

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. 

Key features of the Best Trading App In India

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.

Difference between Online and offline Trading

Online Trading

Offline Trading

No reliance on share brokers or middlemen.

Complete reliance on stock brokers and intermediaries.

Orders can be placed promptly and directly.

As it is done through share brokers, it takes time.

One trading app provides access to asset classes, including MFs, equities, currencies, commodities, and IPOs.

The user must speak with many brokers separately to transact in multiple asset classes, which can be a time-consuming operation.

You get access to high-quality guidance and research studies. Also, you get immediate access to learning blogs and study materials if you are new to markets.

The broker's recommendations and guidance are entirely reliant on the user.

Access to real-time updates and live broadcasts.

No such access to real-time information and live feeds.

Account opening without paper.

It takes a lot of paperwork to open a Demat account through a share broker.

The entire process is online and digital, and the speed of transactions is really quick.

Transaction processing speed is noticeably slower owing to manual involvement.

Apt for both experienced investors and traders of the modern era.

Apt for conventional, traditional, and non-tech-aware investors and traders.

A step-by-step guide to downloading a Trading App

  • 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.

Documents required for opening up a Trading Account App?

  • 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

FAQs:

1) Which trading app is safe in India?

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.

2) Which trading app is the cheapest in India?

Edelweiss is the cheapest trading app in India, with just Rs. 10 per trade.

3) Is trading safe?

Yes, it is 100% safe to trade. You should only make sure you use a good and renowned trading app.

Conclusion

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 Selection Process - Testing + Feedback Loop

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.

To check the complete process, please refer to - Link

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