Trading app provides easy access to real time data, facilitating quick transactions, and empower individual investors. Best trading app in India democratize trading, offer educational resources, and advanced tools for better investment, this way it enhance market participation and efficiency. A procedure that was formerly complicated offline is now handy with the use of best stock market app.
It’s simple to get started in trading, even for someone who has never done it before. These best stock market app provides a number of beneficial functions in addition to making the purchasing and selling of stock easy. You just need to type on Google, “best app for stock market,” and you will get hundreds of results. Therefore, choosing among the top ones can be challenging.
The younger generation is much more inclined towards smartphones and prefers investing in stocks as a part of long-term financial benefit goals. According to one report, by September 2023, there were around 12.97 crore demat accounts, which is certainly a great thing. This number defines how users, including the smartphone generation, know the importance of stock market trading and install the best share market app for trading.
There are multiple options of trading apps available that can create confusion to choose that fits well. To help you, we have the list of top 10 trading apps in India.
Trading Tips for Today
– Choose right trading app or platform to trade is market is biggest tip for beginners. Research and compare various apps and check their speed, security, user experience and other aspects and then start your trading.
Benefits of Using the Best Trading App in India
When it comes to using the trading app for investment, you can earn some benefits by making the investment process handy. Some of the benefits are –
1. Easy Accessibility
Trading applications enable traders to have easy access to trading on stocks from anywhere, irrespective of the location. Just register yourself and create an account by submitting all the documents and start trading. If you are new, there are learning tools. In fact, you can even open your account or connect with any broker through your best mobile trading app. You have rapid access to the financial instruments of your choosing and can decide what to buy and sell.
2. Real-Time Data
Your broker may provide you with a mobile app for trading, giving you access to the most recent news, price alerts, and market data. Trading on stocks without having any real-time data is risky. Real-time updates let you make informed decisions quickly and make investments. To remain vigilant about opportunities, you can create watchlists personalize news, pricing, and alert settings by top stock trading apps in India.
3. Mobile App-Friendly Interface
The best stock trading apps in India will have the best interface in terms of design and browsing. The developer designs the app to meet the needs of OS and mobiles. You can easily browse over the information you are looking for to trade stocks.
4. Portfolio Management
Managing the portfolio is important to have easy trading. The best stock market app comes with a portfolio management feature. You can monitor the performance of your investments and portfolio in real-time from one location. The software provides you with detailed insights into your holdings. You can make selections that fit your objectives, desires, and the state of the market.
5. Easy Order Execution
One of the significant benefits of using the best share market app is its ability to execute orders instantly. Using the trading app, users can limit orders, place market orders, and stop orders with a few taps on the mobile device, giving them the flexibility to move quickly when possibilities present themselves. This feature guarantees that your stock trades are executed well while reducing the likelihood of slippage.
6. Diverse Asset Classes
You may effortlessly diversify your portfolio by accessing a broad selection of asset classes through your broker’s best stock trading apps in India, which includes equities, commodities, FX, and more.
7. Research Tools
Trading apps come with features for technical analysis as well as extensive research tools. To perform in-depth market research, investors can access technical indicators, comprehensive charts, and reports on fundamental analysis. With the use of these tools, traders can locate entry-exit locations and make confident, well-informed judgments.
8. Risk management
Every best share market app comes with cutting-edge risk management features. To successfully control your risk, you can create stop-loss and take-profit orders in advance. Taking control of your portfolio risk on your own has never been so simple.
9. Trading applications
Using the trading app, you can automate the trading method as per your choice. When certain conditions are satisfied, the program will automatically carry out the orders you’ve established for buying or selling assets. For busy traders who wish to use sophisticated trading techniques without constant supervision, this feature is beneficial. Further, you can also trade via multiple accounts and employ several strategies without any hassle.
Factors to Consider when Choosing the Best Mobile Trading App in India
Different stock trading apps have additional features, so choosing the best is quite challenging. There are certain factors you will need to consider before you zero down to the best trading app. Some of these are –
1. Process to Open and Closing Account
No matter which broker’s trading app you are using, you need to follow the same process of opening the demat account. Check if the app offers a hassle-free account opening process. Most organizations streamline and minimize the time required for account opening and closing. However, closing the account is something that can bother traders. There are hidden charges upon completing the account, of which you may not be aware. Ensure your stock market app allows for easy account closure procedures as well. The smoothest stock market programs for iOS and Android will make both procedures possible.
2. Check All Features Available
From learning tools to chart and data analysis, are some of the essential features an app must have. Moreover, easy customer service touch is also essential.
3. Charges for App Use
No matter which best trading app in India you use, you get the free version to download and trade. However, there can be certain costs associated with using iOS or Android standard apps. Account Maintenance Charges (AMC) and transaction fees are the two main fees you should be aware of while using a stock market app.
4. Speed of the App
When it comes to stock trading, you need to be quick because the market keeps changing, and you cannot miss the chance. So, when looking for the best trading app, ensure it has good browsing speed. This will guarantee that you have a flawless ordering and market-monitoring experience.
5. Interface User
There are certain stock trading strategies which not every user is accustomed to. Using different tools without any issue can make your work easy. If the user-friendly interface feature is back, you may face issues trading using the app.
6. Charts and Data Analysis
In stock market trading, charts, and data analysis play an important role. The best app for stock market you are using needs to have accurate charts and data analysis, helping you to make the right trading and investment decisions.
List of Top 10 Trading Apps in India
Now comes the most crucial part of the content, where we will discuss the top trading apps in India. With so many options available in the market, new traders are not shying away from trade. However, choosing the best one is quite challenging. To help you with it, we have listed the best trading apps you can choose from with their features.
1. Kite by Zerodha
Zerodha is certainly the top stock broker in India, and its Kite app is the next big thing. Being the top trading app, Kite has around 10 million users and offers advanced features of chart and data analysis. Moreover, installing, opening of the account, and trading is easy.
Some of the features are-
- The app has “sticky order window,” which makes it simple to place repeated orders with the same input.
- Mutual funds (MF) are available for direct investment with no commission fees.
- Users can verify the leverage amount for each trade against equities stocks by using their leverage indicator.
Charges
| Type | Charges |
| Brokerage | 0 |
| Intraday | Rs 20 per order |
Ratings
Android – 4.3/5.0
IOS – 3.2/5.0 stars
Pros and Cons
| Pros | Cons |
| Multiple Language supported | No Mutual Fund trading option |
| Easy trading |
2. UpStox App
UpStox is next in the list of top 10 trading apps in India. With more than 10 million app users, UpStox makes trading easy through smartphone. Users can trade on currencies, bonds, IPOs, and others through apps. Besides, there is no commission involved in MF investments. Easy to trade and use makes this app worth.
Some of the features are-
- Take use of sophisticated tools including detailed charts, live stock quotations, and market watch.
- Using the TFC, you can trade from charts.
- Get access to more than 100 technical indicators and sophisticated charting tools.
Charges
| Particulars | Charges |
| Equity Delivery | Rs 20 or 2.5% |
| Equity Intraday | Rs 20 or 0.5% |
Ratings
Android Rating – 4.3/5.0
IOS Rating – 4.1/5.0
Pros and Cons
| Pros | Cons |
| Allows setting aftermarket orders | Can’t invest on IPOs |
| User friendly interface |
3. ICICI Direct Markets
ICICI Direct Markets is a part of ICICI and offers complete stock trading solution. Irrespective of how well-informed you are, the ICICI Direct Markets app is simple to use. It offers simple trading services for everyone. It is a full-service brokerage software that provides free research, free trading on equities futures, and free advice, making it the best app for stock market.
Some of the features are-
- You get complete updates about stock prices regularly.
- Swipe to purchase or sell quickly with ease thanks to the intuitive design.
- Select from a variety of options, including the lifelong prepaid brokerage plan, and prime plan, each with various features and costs.
Charges
| Particulars | Charges |
| Equity Delivery | 0.55% |
Ratings
Android- 3.5/5
IOS- 3/5
Pros and Cons
| Pros | Cons |
| Constant Notification and reminders | No Mutual fund trading option |
| Easy to trade | |
| No deposit charges |
4. Angel One App
Angel One is most preferred because of its experience in this field and modern feature for app users. Using the top stock trading apps in India, you can trade on convertible & non-convertible corporate bonds, securities, Mutual Funds, etc. It is available for iOS and Android users.
Some of the features are-
- Track derivatives position
- Live streaming of stock quotes, charts, and market info
- More than 40 technical chart indicators
- Real-time online fund transfer to over 40 banks
Charges
| Particulars | Charges |
| Commodities, Forex, and Futures | Rs 20 or 0.25% per order |
Ratings
Android Rating – 4.2/5.0
IOS Rating – 3.6/5.0
Pros and Cons
| Pros | Cons |
| Low investment charges | No e-wallet support |
| You can invest or trade in upcoming IPOs | No copy trading features |
5. Motilal Oswal App
Whether you are a new or experienced trader, using the Motilal Oswal trading app can help you trade without any issue. This best stock market app comes with customizable features to trade. Moreover, there are no hidden charges on closure of the account through app.
Some of the features are-
- Individualized company quote page
- Trading Advisor
- Real-time market analysis
- Advice on the combination of stocks
Charges
| Particular | Charges |
| Account Opening | Free |
| Delivery Trader | 0.50% |
| Intraday Transaction | 0.05% |
Ratings
Android- 3.9/5
IOS- 3.7/5
Pros and Cons
| Pros | Cons |
| Single click money transfer | Rs 20 on every purchase |
| Clear stock charts |
6. 5Paisa App
5Paisa App is offering easy investment features on stocks. Using the app, you can trade on BSE, MCX, and NSE.
Some of the features are-
- Easy investment on mutual funds
- Learning materials and auto investment
- Offers good customer service.
Charges
| Particulars | Charges |
| All trading order | Rs 20 per order |
| Mutual Fund | 0 |
Ratings
Android- 3.9/5
IOS- 4/5
Pros and Cons
| Pros | Cons |
| One click order | No commodity trading |
| No commission on mutual funds | No 3-in-1 accounts |
7. Groww App
It is one of the top 10 trading apps in India that allows users to trade or invest with the fingertip. Using this one of the top stock trading apps in India, you can invest on stocks, fixed deposits, digital gold, etc. Moreover, the app allows self-directed trading.
Some of the features are-
- Cancel/Stop existing SIP
- Easily Choose Between Regular And Mutual Funds
- Invest Via UPI
Charges
| Particulars | Charges |
| Futures and Options Trading | Rs 20 |
| Per Order Brokerage | Rs 20 |
Ratings
Android- 4.6/5
IOS- 4.4/5
Pros and Cons
| Pros | Cons |
| Maximum withdrawal of Rs 50,000 per day | No advance order options |
| No AMC and account opening | |
| Self-directed trading |
8. Kotak Securities App
What makes Kotak Securities the best app for trading is its free account opening feature. Moreover, the process to open an account is quick. It offers users the chance to trade on derivatives including equity & currency.
Some of the features are-
- Offers complete research reports.
- Pay zero brokerage fees on Intraday trades.
- Has trading tools including like gainers/losers, stocks by volume, and more.
- Different packages option.
Charges
| Particulars | Charges |
| Brokerage on equity | Zero |
| Intraday | Zero |
| Futures and Options | Rs 20 |
Ratings
Android- 4.6/5
IOS-4/5
Pros and Cons
| Pros | Cons |
| 24/7 live stock coverage | No CFDs |
| Real time stock price | Limited payment methods |
9. HDFC Securities Mobile Trading App
With more than 10 lakh download, HDFC Securities is among the top 10 trading apps in India. The app comes with technical indicators, trading options, charts, etc. Using this app you can do analysis of the past 10 years.
Some of the features are-
- Intraday charts with multiple times
- Customizable multiple watch lists for real-time price updates
- Option to buy gold.
Charges
| Particulars | Charges |
| Equity intraday, delivery, and equity futures | Rs 25 or 0.50% |
| Equity Options | Rs 100 |
Ratings
Android- 4.2/5
IOS-3.6/5
Pros and Cons
| Pros | Cons |
| Regular news about stock markets | Brokerage fees |
| Global Trading |
10. Sharekhan
The Sharekhan stock trading app in India comes with advanced trading charts, measurement tools, learning materials, and analysis tools.
Some of the features are-
- Improved user experience
- Personalized the default screen.
- Extra security level
- Best Suitable for active traders
Charges
| Particulars | Charges |
| Equity Trades | 0.50% or 10 paise per share |
| F&O Trades | 0.10% |
| Options Trading | 2.50% or Rs 250 per lot |
Ratings
Android- 3.9/5
IOS-3.7/5
Pros and Cons
| Pros | Cons |
| Quick and easy trading | All trades are charged |
| Free learning materials | Need to change password regularly |
Comparison Between Top 10 Stock Trading Apps in India
Since we have listed the top 10 trading apps in India, it is important to compare all in terms of features and charges. This will allow you to choose the best app for trading.
Step-by-Step guide to download and use the Best Mobile Trading App in India
Once you install the best share market app in your mobile, follow below steps-
- Choose among the top brokers and use registered mobile number having linked with Aadhar card.
- Use PAN, Aadhar, bank account and other details while signing up.
- Enter the OTP received on your registered number for further process.
- Once logged in, start trading.
Conclusion
Trading through app is the way for new generation who are hooked up to smartphones. The stock market app, empowering investors to make informed decisions. Its features and accessibility make it an essential tool for both novice and experienced traders in today’s dynamic market.
Also read: Best Stock broker in India
FAQs
1. Which the best trading app in India?
Ans: There are many trading apps, but the best app for trading is Zerodha Kite having some good features and options to trade.
2. Are these trading apps safe?
Ans: Yes, most of the leading and mentioned trading apps are safe to use. There have been no data breach issues until now. Trading apps never asks for your card number, CVV, OTP, or any other sensitive information.
3. What are trading options in these apps?
Ans: When you use the best app for trading, you get multiple options to trade. These are- IPOs, gold, securities, bonds, etc.
4. Which apps are best for intraday trading?
Ans: Intraday trading involves buying and selling shares on the same day. In this type of stock trading, the goal is to benefit from the movement of the stocks rather than to invest in them. Some of the best intraday apps are-
- IIFL Markets
- BSE India
- Money control
5. Is it possible to use two different trading apps to trade simultaneously?
Ans: Yes, you can use two different apps for trading. If you are trading on different stocks, having different apps can be helpful.
By Thetopstockbroker | August 13, 2024
Disclaimer: Information given in this article is for guidance only. we have intention to educate new investors. It is recommended to do proper research by investors before investing.