We live in the smartphone and internet era, which has offered a huge benefit for users in all senses. Few time ago you had to continuously stay connected with the top stock broker to know the market condition, initiate trading, and stay updated about the latest happenings. Now, you can open a demat account on a web or app-based trading platform and start. You can choose the best trading platform in India once you know its reputation and benefits. You can even choose the best desktop trading platform in India for the trading purpose.
When we talk about trading software, many businesses use this tool for investment. Also called the Algo trading, the software conducts the entire trading process. You can take trading positions based on highly accurate market predictions using artificial intelligence (AI).
Similarly, you can optimise your earnings and minimize the likelihood of suffering losses. Algo trading is a process of using pre-programmed computer algorithms as a basis for trading choices. It makes trading possible more quickly and eliminates the need for human interference.
However, choosing India’s best platform for trading requires research work and understanding of each tool. To help you out, we have listed the top 10 trading platforms in India to choose from and compare them.
Different types of trading platforms available in India
1. Desktop Trading Platform
Desktop trading is the most preferred option for traders. It enables users to place stock orders or even sell the same instantly. Expert intraday traders utilize desktop trading to trade exceptionally quickly. In addition, trading platforms in India have multiple features, including interactive charting, stock statistics, technical indicators, and much more.
You must download and install the best desktop trading platform in India on your laptop/system to trade on it.
2. Web Trading Platform
Users who trade online do not need to download or install any tool. You just need to log in to your Demat account and start trading. Any compatible browser, such as Chrome, Firefox, etc., can access the web trading platform and begin trading on the BSE and NSE. When compared to desktop trading applications, web platforms are slightly slower.
3. Mobile Trading Platform
In the age of smartphone usage, trading is quite common. Mobile trading platforms are handy and come with all the features. Customers can use their smartphones to buy and sell orders for equities and derivatives instantly. Every best trading platform India comes in both iOS and Android forms. Moreover, the best trading mobile app has an exemplary user interface and new features.
Top factors to consider for Best trading platform in India?
When it comes to choosing the best trading platform India, you need to consider certain factors to make easy decision. Some of these are-
1. User-Friendly Interface
A user-friendly interface must be considered whether you choose an app or web-based best trading platform in India. Traders generally choose well-designed, user-friendly platforms for easy trading activities. Because of this, using the app to monitor your account and execute transactions while on the road is simple.
In today’s fast-paced world, having mobile access for stock trading is essential. Select a platform that offers a mobile app with all the required functionality and functions flawlessly on your device. The app should provide an excellent trading experience since it has all the essential functions in the desktop version.
An excellent best trading platform India also provides extra, easily accessible, and understood charts and tools. Additionally, they have straightforward navigation that even novice traders may use, optimizing them for speedy opening.
2. Being Reliable
Stock trading requires having right-in-hand information about prices. When choosing the best platform for trading, ensure it is reliable enough. You must select the platform based on your device’s hardware and software features. For seamless trading, knowing which trading platform best fits your needs is essential.
Always go for a software or platform that doesn’t freeze during trading. Having a reliable trading platform is certainly going to benefit you in the long run.
3. Having Multiple Trading Assets
What kind of tradeable assets the best trading platform India offers, including commodities, shares, and currency pairs, matters the most. It is vital for investors who plan to buy shares overseas, as certain brokers may only provide you access to a limited number of foreign share markets.
Having a different trading asset allows you to diversify your risks. It also has more investment opportunities. Additionally, some platforms may grant access to other markets, which would benefit investors looking to expand internationally.
4. Fees and Commissions
When choosing the best trading platform in India, consider how much fees or commissions the broker charges. The feature that most users look for in stock trading applications is the possibility to trade on stocks without paying commissions. Because of this, many platforms that provide commission-free trading have emerged in recent years.
Regular investors might find commission-free trading to be appealing. Commission-free best online trading platforms in India are witnessing a faster surge in newly registered users and trades during the market turbulence than traditional ones. Top trading platforms usually don’t charge for trading stocks.
5. Security
Since stock involves your investment and banking details, a trading platform must ensure high security for all account trading. It is essential, particularly for traders who wish to put large sums of money into it and take trading seriously.
Therefore, you need to secure your funds and payments to be a profitable trader. Best stock advisor in India always suggest to review the platform’s security and licensing. For the trading platform to be operational, permission from a financial body is required. Significant losses might arise from using an unreliable or unregulated platform, mainly when trading the markets. Top trading platforms follow 2-way authentication, ensuring you don’t worry about your data getting breached.
List of Top 10 Trading Platforms in India
Let us now check the list of top trading platforms in India that are comprised of software, too. The list consists of complete insight into each platform.
1. Zerodha Kite
Zerodha is certainly the best trading platform in India, and its flagship tool- Kite is accessible via mobile and online apps. Its ability to operate 0.5kbps bandwidth, is what makes it the finest platform for trading. With more than 50 million active users in web and app, the platform offers complete access to the Zerodha Kite trading platform at no cost.
The absence of a minimum investment requirement is the main advantage of utilising Zerodha. You can begin investing with as little as $0 in a variety of securities, including as futures, equities, and commodities.
Some of the features Zerodha Kite offers are–
- App comes in 11 different languages to trade.
- Offers Multiple charts views through ChartIQ and TradingView.
- Hundreds of technical indicators
- You can create 7 watchlists and add up to 50 scrips in each.
- Display market depth (buy and sell) on up to 20 level.
- Trade directly from charts
Pros and Cons of Zerodha Kite
| Pros | Cons |
| Advanced chart having 100+ indicators | Cannot trade straight from charts |
| Offers trading in Derivatives, Commodities, and Equities | |
| No subscription charges |
2. Angel Broking (Speed Pro)
Being the oldest one, Angel Broking or Angel One is one of the top trading platforms offering user friendly tool, learning materials, and multiple other features. For all types of stock investors, Angel One offers a great trading experience. You are free to invest in companies from around the globe with no commissions and take advantage of pre-made carefully managed portfolios. In contrast to most other investment platforms, there is no minimum deposit required to get started. Some of the top features it has are-
- Scrip addition for Commodity, F&O, and Currency trading.
- Open Live Market in Excel with a great refresh rate
- Easy access to learning materials, charts, and reports
Pros and Cons of Angel Broking
| Pros | Cons |
| Allows customization of the interface | No trading option through Mac |
| Around 70 technical indicators | PC with heavy configuration is a must |
3. ICICI Trade Racer
This best online trading platform in India, ICICI Trade Racer has a built-in market scanner that helps find stock trading opportunities instantly. The foundation for the scanner tools is pre-defined technical settings that you can set. With the Live Scanner tool, you will be able to see scripts that are getting close to high or low expenses for different times. Furthermore, Trade Race offers “Heat maps” to help detect price movements. Some of the features-
- Real-time stock scanner
- Multiple views- Last Logged view, analytical view, and derivatives view
- Trading customization
- Snap View for detailed information.
Pros and Cons of ICICI Trade Racer
| Pros | Cons |
| Customizable interface for handy trading. | Technical issues during peak hours |
| Chart functionality and technical indicators | High brokerage charge |
| Snap view to get details about market depth, charts, peer group, etc. | Limited themes to customize |
4. UpStox Pro Trading Platform – Web Trading Platform
UpStox Pro trading comes in both web and mobile app platform. Being the best online trading platform in India, UpStox uses socket-technology to get real-time market data. Using the platform, you can stock trade on BSE, NSE, and MCX. Some of the features are-
- Allows to create multiple market watch lists.
- 107+ technical indicators
- 12+ types of charts with TradingView and ChartIQ charting library.
- 10 years of stock price data history
Pros and Cons of UpStox Pro
| Pros | Cons |
| Adaptable graphs having over 100 indications | Limited features |
| Platform personalization having widget feature | Desktop version needs high internet speed |
5. Fyre One- Desktop Trading Software
One of the best trading software in India, Fyre One makes the trading easy. The software has easy to use analytical tools. Moreover, it has in-built stock screener for resistance and support levels. Some of the features are-
- FIIs & DIIs data, bulk and block deals, etc.
- Create up to 10 market watchlists.
- More than 60 types of technical indicators
Pros and Cons of Fyre One
| Pros | Cons |
| Advanced charting feature | No stock research report available |
| Free equity delivery trading. | 3rd party vendors for chart viewing |
| Advanced charting along with 65 technical indicators |
6. 5Paisa Trade Station
Yet another best trading software in India to consider is Trade Station by 5Paisa. It offers easy trade calling and recommendations to users. The best thing is the app works even in the basic connection. Some of the best features are-
- Auto-update to deal with internal issues.
- You can register for demo sessions.
- You can invest in stock market, mutual funds, and insurance.
- 5-level market depth for top bids and asks
- Order slicing feature
Pros and Cons of 5Paisa Trade Station
| Pros | Cons |
| Works best in normal internet connection | Only Windows version available |
| Allows trading stock market, mutual funds, and insurance | There are glitches in app and desktop version |
7. Trade Terminal by IIFL
One of India’s top trading platforms, IIFL Trader Terminals is renowned for having an easy-to-use interface and a ton of functionality. It has multiple shortcut keys helping investors and traders to carry out a variety of tasks efficiently and expeditiously. Some of the features are-
- Allows the placement of AMOs (After Market orders) which can get processed the next business day.
- Access LIVE TV to ET Now
- Access to a weekly report by the name “Weekly Wrap”
Pros and Cons of Trade Terminal IIFL
| Pros | Cons |
| Easy fund transfer | No IOS version available |
| Regular intraday tips to place orders | Written income proof needed for F&O trading |
8. HDFC Securities
One of India’s top banks HDFC offers HDFC Securities Keat Pro X as trading platform. The platform enables traders and investors to purchase and sell a variety of financial assets, such as bonds, mutual funds, stocks, and derivatives. Some of the features are-
- Market watch to chase stocks, monitor trends, sectors, and indices.
- 15+ charts with over 80 technical indicators
- Easy fund transfer to several leading banks
Pros and Cons of HDFC Securities
| Pros | Cons |
| Daily stock tips available | High brokerage charge |
| Customized alerts | Complex user interface |
9. Motilal Oswal Orion Lite Trading Software
Motilal Oswal Orion Lite software is the best trading platform in India offers investors to stock on mutual funds, derivatives, IPOs, and others. With its sophisticated features and tools, the software offers real-time order execution, interactive risk-return charts, and up-to-date information. Some of the features of this best online trading platform in India are-
- Multi-asset watchlists for live-streaming share quotes.
- Access to best in-house research reports
- Integrated portfolio health check to keep investor’s portfolio and restructuring.
Pros and Cons Motilal Oswal Orion Lite
| Pros | Cons |
| Fast trade execution | No chart support facility for trading |
| Trade guide signal | No free stock tip |
| Easy to operate and do transaction |
10. Sharekhan Trade Tiger
Many experience stock market investors feel that Sharekhan Trade Tiger is the best trading platform in India. Since the trading software is terminal-based, you will need to instal before using it. Traders and investors can invest in the equity, derivatives, commodity, and currency areas of the application. Some of the features are-
- Strong tie with 14 banks to facilitate between trading account and stock.
- Get real-time, direct share market feeds from the NSE, BSE, MCX, and other markets.
- Many practical calculators, like the premium calculator, span calculator, brokerage calculator, etc.
Pros and Cons of Sharekhan Trade Tiger
| Pros | Cons |
| Shortcut keys for quick features access | No aftermarket orders placement |
| Good market scanner tools | No to improve user-interface |
| Best for hedge trading |
Comparison of Best Trading Platforms in India
Conclusion – Best Trading Platform in India
Algorithmic trading, or online stock trading, has become more and more popular in India thanks to the multiple benefits it has brought. The online trading platform has changed the stock investment course from speed to accuracy and consistency. This has also brought too many players to offer you the experience. With the above list of best trading platforms in India, you have enough options to compare and choose the best.
Moreover, trading software availability has made the stock investment process handy and error-free. So, choose the best trading software in India and start trading now.
FAQs about Best Desktop Trading Platform in India
1.Ques: Which is the best trading platform in India?
Ans: There are many such trading platforms to choose from, but if you want to choose the best trading platform in India, Zerodha is the right one for its features and easy trading options.
2.Ques: What is a trading platform in India?
Ans: A trading platform is a computer software that lets traders and investors trade and hold their market position. With the help of trading tools like UpStox Pro Web, Zerodha Kite, and UpStox Pro Mobile, you can keep an eye on the stocks you are interested in.
3.Ques: Which is the best trading platform in India for new investors?
Ans: Zerodha is India’s best online trading platform for beginners or new stock investors because of its 0 brokerage charge and multiple features for easy investment.
4.Ques: Is using the best online trading platform in India safe?
Ans: Yes, using trading platforms in India, especially the ones in the top 10 listed, is safe to use. These platforms use 2-way authentication, are regulated, and use other security tools.
5.Ques: Which are the fastest trading platforms in India?
Ans: Zerodha Kite and UpStox Pro are India’s two fastest trading platforms. They are available on mobile and web platforms.
By Thetopstockbroker | March 4, 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.