Best Trading Platforms in India 2024

Selecting the best stock broker in India among hundreds can be challenging. Here’s a guide on key factors before choosing a trading platform. We've also curated a list of the most popular trading platforms that you can consider for a hassle-free trading experience.
Best Trading Platforms in India
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Our Top Picks

Best Overall - Paytm Money

Paytm Money is a great choice for both new and experienced traders. It stands out for its competitive brokerage rates, user-friendly interface, advanced security features, and portfolio analytics tool. Moreover, its support for investing in fractional shares makes it accessible for traders with smaller capital.

Lowest Fee - Paytm Money

Paytm Money has a fixed brokerage model. This trading platform charges a flat fee of ₹20 per order across all segments, making it highly affordable compared to traditional brokerage fees. It also offers zero maintenance charges, reducing the overall cost for traders.

Comparative Analysis Based On Platform Charges and Tools

Comparative Analysis Based On Platform Charges and Tools

Comparative Analysis Based On Brokerage

Brokerage charges can vary, and it's always best to check the latest rates on the broker's official website. Here is a summary of their brokerage charges.

Comparative Analysis Based On Brokerage

10 Best Trading Platforms in India

1. Paytm Money

Paytm Money

Paytm Money is always a good choice for trading due to its user-friendly interface, comprehensive features, and seamless integration with the Paytm ecosystem, offering convenient fund transfer options.

Features and Tools

  • 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

  • Doesn’t offer any trading services to NRI.

Insights from Our Product Testing Specialist

If you're just starting trading and need a platform that offers low fees, an easy-to-use interface, and lots of educational resources, then Paytm Money would be a great option. However, if you plan to implement more complex trading strategies, you can consider a platform with more advanced tools and functionalities.

Best for

  • Paytm users require seamless integration with the Paytm ecosystem.

  • Beginners on a budget who want to learn the trading concepts and place trades.

History of downtimes and other issues with the platform

Users experienced downtime and lag during high trading volumes in early 2023, as reported by Financial Express.

User testimonial that was on point

“Compared to other brokers, its UI is more user-friendly, and options are easier to navigate.”

2. Zerodha Trading Platform

Zerodha

Zerodha Kite is a compelling option for experienced option traders. Its advanced technical analysis helps traders develop the most effective strategies. It is one of the fastest platforms, crucial for quick order execution, especially in volatile markets.

Features and Tools

  • 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.

Insights from Our Product Testing Specialist

Zerodha Kite empowers traders with the tools and speed to make informed decisions, react quickly to market changes, and improve strategy effectiveness through backtesting. You'll get advanced features such as level 3 market depth, GTT orders, etc.
So, you don't need to monitor price movements constantly; Zerodha Kite lets you automate entries and exits based on your strategy. While Zerodha Kite does not have the most comprehensive option chain analysis built-in, it is integrated with robust third-party charting tools for in-depth analysis.

Best for

  • Frequent option traders who might rack up a high volume of trades.

  • Experienced option traders, who prioritise low fees, a fast platform, and access to advanced charting tools.

History of downtimes and other issues with the platform

Zerodha's Kite faced outages due to some issues with live data feeds, causing disruptions in June 2023 and multiple glitches in December 2023, as reported by Business Today and Zerodha's blog​ 

User testimonial that was on point

“The interface is highly professional and user-friendly, while other brokers give some fancy interfaces that create inconvenience in using features.”

3. Angel One Trading Platform

Angel One

Angel One is preferred for its all-inclusive trading platform, providing diverse investment options, research tools, and an easy-to-use interface. Its customer-centric approach and in-depth market insights make it a top choice for trading platforms.

Features and Tools

  • 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.

Insights from Our Product Testing Specialist

If you want a balance between ease of use and some advanced features, Angel One is a good choice. Its advanced charting tools, margin trading, multiple order types, and fast execution make it one of the best Indian stock trading platforms.

Best for

  • Traders who want to leverage AI-based recommendations for smarter trading decisions.

  • Individuals seeking a well-established online trading platform with a wide range of traditional and digital trading tools.

History of downtimes and other issues with the platform

According to the Economic Times, some users reported login issues and server downtime in November 2022.

User testimonial that was on point

“I love this app!! It has smooth onboarding, an easy-to-use interface, and an overall good appearance. It doesn't save your drafts. One back-click and all is gone.”

4. ICICI Direct Trading Platform

ICICI Direct

ICICI Direct allows traders to access their accounts, with flexibility from various devices through a web-based platform called Trade Racer Web and a mobile app. Features like fund transfer and live market commentary, research reports, fundamental analysis, and educational resources streamline the trading experience, specifically for beginners. 

Features and Tools

  • 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

Insights from Our Product Testing Specialist

ICICIdirect is one of India's largest full-service stock brokers, providing trading services on NSE and BSE. One of its main features is the 3-in-1 account, which links the trading, demat, and bank account for seamless transactions. This integration ensures faster transactions and enhances the overall trading experience.

Best for

  • Investors, who seek a comprehensive platform with a wide range of investment options. 

  • Traders, who are looking for advanced research and analysis tools to make informed investment decisions.

History of downtimes and other issues with the platform

Technical glitches were reported, causing delays in order execution in March 2023, according to Moneycontrol reports.

User testimonial that was on point

“Safe and trusted broker. Their trading platform is fast and easy to use.”

5. Groww Trading Platform

Groww

Groww is a popular investment platform in India known for its diverse investment options, including stocks, mutual funds, digital gold, and more. Minimal fees, straightforward navigation, and comprehensive educational resources make it a viable option for beginners.  

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

Insights from Our Product Testing Specialist

Groww is one of the fastest and most secure trading platforms, ideal for same-day trading, like intraday trading. Groww offers zero commission on stock and ETF trades, making it a cost-effective option for buying and holding underlying assets relevant to option strategies.

Best for

  • New investors, who are looking for a user-friendly platform to start their investment journey.

  • Traders who want diversified investment options with minimal fees

History of downtimes and other issues with the platform

As reported by the Times of India, users faced login problems and slow transaction speeds during market peaks in February 2023. During the market peaks in February 2023, users encountered issues with logging in and experienced slow transaction speeds, according to a report by the Times of India.

In June 2024, Groww faced controversy when a user alleged that their 2020 investment in Parag Parikh Mutual Fund via the app was fraudulent. She claimed that the platform deducted money but did not invest in mutual funds, leading to a public backlash. The platform responded by explaining the issue and offering a refund to the user.

User testimonial that was on point

“It's an outstanding app with some unique and helpful features. The brief time I spent exploring, it proved to be incredibly valuable. The ability to track all the potential investments for myself and my family is incredibly convenient. I'm confident that any minor issues will be smoothed out over time. I wholeheartedly recommend this app.”

6. Motilal Oswal Trading Platform

Motilal Oswal

Motilal Oswal Securities Limited is a seasoned full-service stockbroker with over 35 years of industry experience. It provides online and offline trading services and specialises in investment banking, wealth management, and asset management. Serving over 5 million customers, Motilal Oswal introduced instant, paperless trading and demat account opening services first in India.

Features and Tools

  • 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

Insights from Our Product Testing Specialist

Motilal Oswal trading platform provides a wide range of investment options, including stocks, commodities, derivatives, and mutual funds. The platform's real-time market data, advanced charting tools, and research reports help investors make informed decisions. 

Best for

  • Beginners and experienced investors seeking a user-friendly platform with comprehensive features 

History of downtimes and other issues with the platform

Users encountered frequent connectivity issues and slow order execution in January 2023, as highlighted by Mint.

User testimonial that was on point

“Even as a beginner in the trading world, I found it straightforward to navigate through the various functionalities.”

7. Sharekhan Trading Platform

Sharekhan

Sharekhan is a full-service stockbroker offering online trading and investment services in India. Its feature-rich platforms cater to new market entrants, traders, and investors alike.

Features and Tools

  • 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. 

Insights from Our Product Testing Specialist

Sharekhan's trading platforms are highly efficient, offering live feeds, smart tools, intelligent search and reports, advanced charting, etc., which you need for quick decision-making and easy order placement. The education programs, in-person trading assistance, and the wide range of trading software and tools for smooth online trading make it an excellent choice for new and seasoned traders.

Best for

  • Experienced traders who require advanced charting, smart tools, and quick order placements.

  • Individuals who are looking for a user-friendly platform and educational support.

History of downtimes and other issues with the platform

The platform experienced downtime and slow processing during market hours in October 2022, according to reports from the Economic Times.

User testimonial that was on point

“Sharekhan is one of the best platforms where you can learn, invest, manage your investments and earn.”

8. Upstox Trading Platform

Upstox

Upstox Pro, the best stock broker in India, is our first pick because of its fast execution, advanced tools, and lowest brokerage fees. With a user-friendly interface and real-time market data, it offers convenience with seamless trading on web and mobile platforms, making it suitable for beginners and experienced traders interested in intraday trading, F&O trading, etc.

Features and Tools

  • 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.

Insights from Our Product Testing Specialist

Upstox automates trading strategies using predefined algorithms or by analysing traders' history. It provides swift access to versatile trading opportunities and ensures seamless trade execution. Furthermore, its margin trading options enhance leverage and flexibility by implementing different trading strategies.

Best for

  • Experienced traders who need advanced charting tools and fast, reliable trade execution.

  • Cost-conscious traders who are seeking one of the top low-cost brokerage trading platforms in India.

History of downtimes and other issues with the platform

Users reported outages and slow responses during high trading volumes in April 2023, as per NDTV.

User testimonial that was on point

“This is an excellent app. However, I feel the UI could do a bit more fine-tuning.”

9. HDFC Securities Trading Platform

HDFC Securities

HDFC Securities offers seamless trading experiences across various financial instruments, including equities, derivatives, mutual funds, etc. Its comprehensive range of services, advanced charting tools and analytics, user-friendly interface, advisory services, and more make it a top trading platform in India for beginners and seasoned traders. 

Features and Tools

  • 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

Insights from Our Product Testing Specialist

HDFC Securities offers high diversification options, allowing traders to explore various market movements. With advanced technology tools and in-depth fundamental and technical analysis capabilities, traders can easily make informed decisions. 

Best for

  • Investors who are looking for personalised trading insights.

  • Traders who are seeking high diversification. 

  • Investors who want seamless trading experiences with advanced charting tools and real-time market data.

History of downtimes and other issues with the platform

Users faced technical-related issues and server downtimes affecting trade executions in May 2023, according to Business Standard.

User testimonial that was on point

“Free, but you cannot manoeuvre as the app of Paytm or Zerodha. The app is okay for trading, but the chart in the trading view is not satisfactory. It has a limited number of indicators, required for technical analysis.”

10. 5Paisa Trading Platform

5Paisa

If flexibility, margin benefits, and intraday position management are your priorities, the 5 Paisa app is the one you're looking for. Unlike a flat fee structure, 5paisa offers various brokerage plans. So, you can choose a plan with a lower fee per trade, making it more cost-effective in the long run, specifically if you trade in high-volume.

Features and Tools

  • 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.

Insights from Our Product Testing Specialist

The intraday position management features can help manage risk and capture profits on short-term option strategies. In addition, the app's flexibility, ease of use, and user-friendly features like advanced order types, SIP, automated advisory services, and support for various market sectors make it particularly attractive for those interested in intraday or options trading.

Best for

  • Budget traders are seeking low-cost trading solutions and integrated financial services.

  • Investors who want access to a range of financial products like mutual funds and insurance.

History of downtimes and other issues with the platform

Users experienced slow order placements and connectivity issues in September 2022, as reported by Financial Express.

User testimonial that was on point

“This is one of the simplest and easy-to-use apps. It works well, and there is no other app that is as good as trading. Fast, stable, and secure.”

What Are Trading Apps And How Do They Work

Trading apps enable users to buy and sell financial instruments such as stocks, currencies, and commodities directly from their smartphones. They provide access to real-time market data, allowing users to monitor price movements and trends. Users can place buy and sell orders directly within the app, executed through integration with brokerage firms or exchanges. These applications provide a range of technical analysis tools and portfolio management features. They also offer educational resources to help users make well-informed trading decisions.

Key Features Of Trading Apps

Here are the key features of trading apps:

  • Real-time market data

  • Buy and sell orders

  • Portfolio management

  • Technical analysis tools

  • Security and reliability

  • Alerts and notifications

  • Educational resources

Documents Required For Opening Up A Demat Account

  • Identity Proof: Aadhar card, passport, voter ID, driving license, etc.

  • Address Proof: Aadhar card, passport, utility bills, bank statement, etc.

  • PAN Card: Permanent Account Number card issued by the Income Tax Department.

  • Passport Size Photographs: Recent passport-sized photographs of the applicant.

  • Income Proof: It is required in some cases, for specific types of accounts or trading permissions.

Conclusion  

It's crucial to choose the right trading platform to maximise your profits. These are the 10 best Indian trading platforms, leading in 2024. We hope you find our recommendation helpful. Before deciding, thoroughly evaluate their features and compare factors such as brokerage fees, account opening charges, annual maintenance fees, and other potential hidden charges across different brokers.

FAQs:

1. What is the difference between online trading and offline trading?

The key difference between online and offline trading is -

  • Online trading happens over the internet, where you can buy and sell stocks instantly.

  • Offline trading is more traditional—you call or visit a broker to place orders.

2. Are there any trading platforms in India that offer zero brokerage?

Yes, many leading trading platforms in India such as Upstox, Zerodha (for delivery trades), and Angel Broking offer commission-free trading or zero brokerage for specific segments or types of trades.

3. Which trading platform in India offers the best customer support?

People praise several Indian stock trading platforms, like Paytm Money, Zerodha, Angle Broking, Groww, Upstox, etc., for their responsive customer service.

4. Do Indian trading platforms provide real-time market data?

Yes, most Indian trading platforms, including zero or low brokerage trading platforms, provide real-time market data.


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