Best Investment And Trading App in India
Modern trading apps change the way we interact with financial markets. Their intuitive interfaces, diverse investment possibilities, innovative analytical tools, and constant commitment to reliability and safety have made them essential resources for both traders and investors. Selecting the best trading app in India may significantly improve your trading experience.
The best trading apps include an intuitive user interface, real-time market data, a variety of asset classes, community, and instructional materials. These features protect user information, improve the trading experience, and offer valuable tools for analysis.
Due to the availability of smartphone trading apps, the number of institutional and retail customers has increased. Stock trading is now accessible 24/7 and has intuitive interfaces due to stock market apps. Selecting the best investment app can be challenging and time-consuming if you don’t have any prior experience. Don’t worry, we have compiled a list of the best trading app in India for you where you can begin your luck and start investing. So, read this article to begin investing today.
How Can I Choose The Best Trading App In India?
Stock trading is made easy with mobile trading apps. These apps have become increasingly popular, with millions downloading stock trading apps from all major brokers. So, we’ve assembled a list of the top trading apps for beginners, complete with user-friendly interfaces and affordable prices.
Quickness
Whatever type of trade you choose, speed is the most essential element. Ideally, you want to use an app that makes trading quick and easy. An app that needs to be faster detracts from the user experience and makes placing an order difficult. Thus, ensure that your trade goes smoothly and that the app you select has a decent speed.
Research Reports
You can learn more about markets and the opinions of professionals by reading research papers. These reports enable you to delve deeper and comprehend topics beyond the obvious. These reports also aid in dispelling myths. Choose a trading program that provides these reports to you.
Most Recent News
In financial markets, news is rarely in short supply. To make the best use of the markets and investments, you must have them easily accessible. Select an app that provides up-to-date news so you don’t miss any important announcements.
Easy-to-use Interface
Trading applications and software must facilitate the execution of complex trades while maintaining a user-friendly interface. You must have access to an easy-to-use trading program to navigate through them. If the app’s UI is simple, you can use some great trading possibilities.
Getting Market Data
If you trade with a Demat account, you should be exposed to market data. Access to market data can make or break a trading plan. Market data can take many forms, including ask/bid quotations, trade volumes, and prices.
| Trading App |
Features |
| Zerodha Kite | User-Friendly Interface, Multi-Asset Support, Real-Time Market Data, Portfolio Tracking |
| Upstox Trading App | Equity, Derivatives, and Commodities Trading, Advanced Charting Tools, Marketwatch and Watchlists |
| 5 Paisa | Instant Fund Transfer, Reports and Analytics, Security Features |
| Angel One | Reports and Statements, Research and Advisory, Options Chain Analysis |
| Groww App | One-click order placement, Instant paperless account opening, Candlestick charts, Safe |
| Motilal Oswal | modify trade parameters like ‘Entry,’ ‘Stop Loss,’ and ‘Target’, Comprehensive Portfolio Snapshot, Robo Wealth, Mutual Fund Selection |
| ICICI Direct | 3-in-1 account, Investment online in IPOs, Trading in both BSE and NSE |
| IIFL Markets Mobile App | Pick from 20+ Investing options, 4X Margin Trading Facility, Research Tools & Recommendations |
| Kotak Securities | Exit All Positions in one Click, Real-time Order, Advanced Charts, P/L Filter |
| Sharekhan | Pre-defined Market Watch, Live Indices Heat Map, News Alerts, Scrip Search |
|
S.No |
Trading App | Rating |
Download Link |
|
1. |
Zerodha Kite | ⭐⭐⭐⭐ | |
|
2. |
Upstox Trading App |
⭐⭐⭐⭐ |
|
|
3. |
5 Paisa | ⭐⭐⭐⭐ | |
|
4. |
Angel One | ⭐⭐⭐⭐⭐ | |
|
5. |
Groww App | ⭐⭐⭐⭐ | |
|
6. |
Motilal Oswal | ⭐⭐⭐⭐ | |
|
7. |
ICICI Direct | ⭐⭐⭐⭐⭐ | |
|
8. |
IIFL Markets Mobile App | ⭐⭐⭐⭐ | |
|
9. |
Kotak Securities | ⭐⭐⭐⭐ | |
|
10. |
Sharekhan | ⭐⭐⭐⭐⭐ |
Discover The Best Investment App in India
Many researchers have indicated that most Indian millennials using these trading applications are those between the ages of 20 and 35. So, below are some of the most reliable trading apps for:
1. Zerodha Kite
With over 64,79,235 users, Zerodha accounts for about 15% of retail transactions in India. Because of its solid technological foundation, this software is suggested for novice and experienced traders and investors.
The company’s principal mobile trading software program is an internal product called Zerodha Kite. The Kite 3.0 online platform offers market watch, advanced order types like cover and GTT orders, quick order placements, and comprehensive charting with over 100 indicators.
Key Features
- Market data streaming fast, comprehensive user interface, and sophisticated charts.
- Introduced the “sticky order window,” which keeps the order window open and facilitates placing repeated orders using the same input.
- Offers extensive analytics on daily trades and the entire portfolio
- Advanced tools include “view breakdown,” which shows brokerage and STT charges.
- Allows users to verify the leverage they obtain for a particular trade versus equities companies.
| Opening charges | Rs 200 |
| AMC charges | ₹300 + 18% GST |
| Fees(per trade) | Flat ₹ 20 or 0.03% |
2. Upstox Trading App
Upstox is a discount stock broker situated in Mumbai. It provides traders in the Indian stock market with a quick, dependable, and user-friendly trading platform and budget-friendly trading services. Upstox charges a flat brokerage fee of Rs 20 for each trade in every other trading category across the exchange.
Features
- Place buy and sell orders.
- All-purpose search engine to locate preferred stocks and contracts
- Availability of several markets, such as NSE Cash, Options, and Currency Scrips
- More than 100 technical indicators and sophisticated charting tools
- Ability to place orders straight from the charts
- Make personalized watchlists
| Opening charges | Rs 0 |
| AMC charges | Rs 150 |
| Fees(per trade) | Rs 20 or 2.5% of trade value |
3. 5Paisa
A trustworthy discount broker, 5Paisa allows you to trade stocks, mutual funds, currencies, and other assets. It is highly known for its honest and fair prices and easy trading using its app or web version.
Features
- A robust mobile trading platform.
- There is no brokerage for transactions involving equity delivery.
- Advanced graphing and analytics instruments.
- A quick and easy way to register for an account.
- Mutual funds and insurance are readily available.
| Opening charges | Rs 0 |
| AMC charges | Rs 0 |
| Fees(per trade) | Rs 100 per call |
4. Angel One
Angel One (Angel Broking), one of India’s biggest full-service retail traders, was founded in 1987 and provides online discount brokerage solutions. The company offers a broad range of trading and investing services, such as margin funding, loans secured by shares, and distribution for financial products. Angel One is a well-known full-service broker providing its clients with affordable brokerage prices.
Features
- At extremely low brokerage rates, full-service brokerage solutions are offered.
- A stockbroker with a flat cost that charges Rs 20 for each order on all exchanges and segments.
- For beginners, training and hand-holding are provided.
- Securities are provided for collateral, and there is a margin trading facility.
- Free stock advice and tips
| Opening charges | Rs 0 |
| AMC charges | Rs 240 per year |
| Fees(per trade) | Rs. 20 per executed order or 0.25% |
5. Groww App
With over 90 lakh users, Groww App is among India’s most popular investment platforms. Groww began as a direct mutual fund service in 2016. Investors can now trade and invest in equities and mutual funds using the Groww app. Groww is a smartphone trading app that is offered to all its users without charge. This user-friendly trading app’s straightforward design and uncluttered UI make the trading experience quick, easy, and valuable.
Features
- Simple and easy-to-use user interface.
- A safe and reliable app.
- Quick account opening without paperwork.
- Candlestick charts to display past performance and price changes.
- Comprehensive data on all listed Indian corporations.
- The most recent financial markets news, analysis, blogs, videos, and other information.
- Help and support sections within the app are used to prompt the resolution of issues.
| Opening charges | Rs 0 |
| AMC charges | Rs 0 |
| Fees(per trade) | Flat Rs 20 per trade or 0.05% |
6. Motilal Oswal
The Mumbai-based stockbroking firm Motilal Oswal Financial Services Ltd (MOFSL) provides retail clients in India with stock, commodity, and foreign exchange trading services. Among the most technologically sophisticated brokers, Motilal Oswal has partner portals, a back office, risk administration software, and an internal trading platform.
Features
- Variety of Online Trading
- streamlined options trading with ready-made, single-click execution techniques via the Options Store
- Simple, cost-free access to professional research reports
- Simple to view, everyday expert fundamental and technical calls are FREE.
- One-click access to current events and news in the market.
| Opening charges | Rs 0 |
| AMC charges | Rs 300 and Rs 900 |
| Fees(per trade) | 0.20% |
7. ICICI Direct
The ICICI Direct Mobile App provides users with the same ease of use and functionality as ICICIdirect.com. Customers can trade or invest in equities, mutual funds, initial public offerings (IPOs), NCDs, CFDs, insurance, etc. To utilize the ICICI Direct App, you must first register for an ICICI 3-in-1 account. This account combines the bank, demat, and trading accounts needed to make stock market investments.
Features
- The data feed and an overview of the winners and losers in the market watch is displayed on the home screen.
- Customers can have several watchlists with it, but the maximum number of scripts that can be added to a watchlist is 50.
- It offers reporting and charting functionality.
- It switches between different segments and displays every script in a grid format.
| Opening charges | 0 to ₹975 |
| AMC charges | ₹700(free for first year) |
| Fees(per trade) | Rs 50 per order |
8. IIFL Markets Mobile App
The trading app for India Infoline’s entire brokerage business is called IIFL Markets. In addition to offering products in all equity, currency, commodity, and mutual fund divisions, the IIFL Markets app is well-known for its free stock recommendations and research reports. With research and news to help you make wise decisions, IIFL Securities enables you to participate in various stocks, derivatives, commodities, initial public offerings, and other markets.
Key Features
- Makes several watchlists in NCDEX, MCX-SX, BSE, and NSE.
- A sophisticated and comprehensive dashboard for currencies, commodities, and indexes.
- Receive in-depth, real-time analysis of markets and companies.
- Paperless application for initial public offerings (IPOs)
- Comprehensive technical charting features include moving averages, RSI, MACD, and Bollinger bands.
| Opening charges | Rs 0 |
| AMC charges | Rs 250 + GST |
| Fees(per trade) | Rs 20 per trade |
9. Kotak Securities
Kotak Securities, one of India’s biggest stock brokers, was established in 1994. Kotak Secures offers you trading in the equity and currency F&O categories. In addition, Kotak provides additional services, including portfolio management, initial public offerings (IPOs), mutual funds, securities, NCDs, and systematic investment plans (SIPs). Kotak Securities provides essential services. With Kotak’s mobile trading app, its online clients can trade using their mobile devices. Customers can use the Kotak Securities mobile trading application to trade equities, derivatives, and currency derivatives.
Features
- Use the Kotak Mobile Trading app to trade, track, and evaluate stocks while on the go.
- Monitor earlier placed orders.
- Monitor your portfolio instantly.
- Real-time quotes and charts streaming.
| Opening charges | Rs 0 |
| AMC charges | Rs 600 per year |
| Fees(per trade) | 0.039% |
10. Sharekhan
Investors can use the vast array of services provided by the MO investor app to invest in equity, derivatives, commodities, currencies, mutual funds, initial public offerings (IPOs), bonds, US stocks, and various portfolio management services. In addition to a vast array of blogs and eye-catching infographics, one may apply for their beginning, advanced, and intermediate programs for educational purposes.
Key Features
- Thorough investigation and consulting services.
- A wide range of products, such as AIFs and PMS.
- Sophisticated trading systems.
- Availability of money management options.
| Opening charges | Rs 0 |
| AMC charges | Rs 0 |
| Fees(per trade) | 0.50% or 10 paise per share or Rs 16 per scrip |
Benefits of Using the Best Trading App in India
Everybody can be a trader as more and more cell phones are finding their way into people’s hands, and the internet is expanding rapidly. Some of the benefits are:
Cost-effectiveness
Trading via an app may save you more money than trading through a stockbroker. In a traditional trading approach, the stockbroker’s commission or advisory fee is substantially more than what robo-advisers charge.
Convenience
Creating an online trading account using the trading mobile application is simple and hassle-free. Moreover, you require a stable internet connection to start trading and monitor your reports. You can see your progress and monitor your investments from anywhere you want to.
Faster trades
Trading applications make it easy to place share orders, and payment and collection for these transactions happen quickly. These apps include several online payment options that allow users to move money between accounts almost instantly.
More control
You can buy or sell based on the broker’s availability by accessing resources from your trading app. Instead of waiting for an advisor to suggest the best action, investors may instantly place trades, assess their options, and monitor their funds. Investors have more control over their investments because they can decide without influence from others.
Improved knowledge of one’s finances
This is a little-known benefit of trading online that you should pay attention to. Like traditional stock trading, you may forecast the market movement and utilize it to project whether the stock price will climb or fall. You will be in charge of and accountable for your finances. You gain experience in the market and distinguish between profitable and risky investing options as time goes on.
Keep an eye on your investments
You can purchase or sell shares online at your convenience. It allows investors to track the success of their assets continuously and offers sophisticated interfaces. You can use a computer or a phone to calculate your profit or loss.
Conclusion
People have seen an increase in trading apps and the stock market. With the introduction of the internet and the increasing acceptance of financial literacy, stock trading using mobile applications has completely changed. Many have started adopting trading as their full-time career and earning well. Also, picking the right trading app can be time-consuming. We have mentioned some of the best investment apps in India in the list above with features to simplify your work. Choose any of the apps mentioned in the list and start today.
FAQS on Best Trading App In India
Q1. What is a trading app or investment app?
Ans- A trading app is a mobile application that allows users to buy and sell financial instruments such as stocks, mutual funds, commodities, and derivatives directly from their smartphones or tablets.
Q2. Which is the best trading app in India?
Ans- The best trading app in India depends on individual preferences and requirements. Popular options include Zerodha Kite, Upstox, 5paisa, Angel Broking, Groww, ICICI Direct, and HDFC Securities. You can also read our blog for more details.
Q3. Are trading apps legal in India?
Ans- Yes, trading apps are legal in India. They are regulated by the Securities and Exchange Board of India (SEBI), which sets guidelines and regulations to ensure fair and transparent trading practices.
Q4. Do I need a Demat account to use an investment app?
Ans- Yes, you need a demat (dematerialized) account to trade stocks and securities using a trading app. A demat account is required to hold your securities in electronic form.
Q5. Is trading through a mobile trading app safe?
Ans- Yes, trading through a reputable trading app is safe, provided you follow the best practices for online security. Ensure the app is from a regulated broker, use strong passwords, enable two-factor authentication, and avoid sharing sensitive information.
Q6. What are the advantages of using an investment app?
Ans- Some advantages of using an investment app include convenience, accessibility, real-time market data, ease of use, ability to trade on the go, lower transaction costs compared to traditional brokers, and access to research and analysis tools.
Q7. Do trading apps charge fees or commissions?
Ans- Yes, trading apps typically charge fees or commissions for each trade executed. These fees may include brokerage charges, transaction charges, exchange fees, and regulatory fees. Be sure to check the fee structure of the trading app before using it.
Q8. Can I trade intraday using a trading app?
Ans- Yes, most trading apps allow users to trade intraday, which involves buying and selling securities within the same trading day to profit from short-term price movements.
Q9. How can I fund my trading account through a trading app?
Ans—You can fund your trading account through a trading app using various methods, such as net banking, debit cards, UPI (Unified Payments Interface), NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), and mobile wallets.
Q10. Do trading apps provide real-time market data?
Ans- Yes, trading apps typically provide real-time market data, including stock prices, indices, charts, news, and other relevant information to help you make informed trading decisions.
by Instockbroker Team | June 10, 2024