India’s stock market is expanding quickly, and an increasing number of people are considering stocks investments.
We conducted our study and identified the top 10 trading applications available in India at this time. While some of these programs are geared toward new traders, others are for more seasoned investors. However, they all provide fantastic features and functionality to help you get the most out of your investments.
Check out our selection of the top 10 trading applications in India, whether you’re a novice or a seasoned veteran, and pick the one that’s perfect for you.
India’s Top 10 Trading Apps
In India, there are numerous trading apps that provide a wide range of functionality. However, it might be challenging to choose the best app for you given the abundance of possibilities.
We’ve compiled a list of the top 10 trading applications available in India right now as a result. These apps provide a variety of services, including margin trading, real-time stock tracking, and more. As a result, whether you’re a novice trader or a seasoned pro, one of the apps on this list will undoubtedly suit your needs.
Zerodha
The finest trading software is Zerodha since it provides excellent features for no cost. With this program, you can trade in stocks, derivatives, and currencies. You can invest in a variety of things through it as well. The app is simple to use and simplifies trading for you.
Zerodha is India’s first discounted stockbroker. With advanced in-house technology and unparalleled service, it has become one of the leading players in the Indian financial markets industry. Investing through this broker means choosing between Equity, Commodity, Currency, Futures, or Case Trading.
Pros
- Zerodha is a self-clearing broker which means that they don’t recover clearing charges from customers.
- SmartAsset provides only direct plans through their mutual fund options.
- Golden Pi Alternatives To Investment Bonds And G-Sec Currencies.
- Financial and business advice for millennials.
Cons
- Zerodha’s call & trade charges are more as compared to other brokers.
- NRIs are eligible to open only offline Savings Bank Accounts.
- For each type of investment product, they have a different platform like Kite for shares, Coin for mutual funds, and Golden Pi for bonds, etc.
- How tech strategies can help to slash customer response time.
- Smaller customer base software glitches can occur as well.
Angel One
Currently, one of the top trading apps in India is called Angel One. It’s a thorough program with a tonne of features, like real-time stock tracking, news alerts, and market analysis. It can be used to track your portfolio and place orders.
Angel One is a full-service broker offering a wide range of investment and trading services at the same cost as discounted brokers. They offer trades for commodities, currencies, futures, and options and will do whatever you want to make more money including binary options, 3D options, and various levels of insurance on your trades.
The software features a slick design that makes it simple to use and very user-friendly. Additionally, it is continuously updated with the most recent news and data to help you make intelligent financial choices.
Pros
- Provides Full-service brokerage services at low brokerage fees.
- Praiseworthy customer service.
- These are the best daily, weekly, and monthly reports.
- The Dynamics of Equity.
- Your 2015 Resolution can be to read about Corporate bonds.
Cons
- An extraneous fee of ₹20 is charged for each trade.
- Customer service takes time into consideration.
- Mobile UI issues.
- Investor’s Central.
Upstox
Currently, Upstox is among the most widely used trading apps in India, and it is simple to understand why. You can trade in a variety of asset types using this platform, including equity, futures and options, mutual funds, and currency. Additionally, the app has cutting-edge capabilities including voice support, real-time notifications, and a collection of educational materials.
Additionally, Upstox provides its consumers with the option of margin trading. As a result, you can boost your leverage and execute larger trades by borrowing money from the broker. It’s crucial to keep in mind, though, that if you don’t know what you’re doing, this kind of trading can be dangerous. Therefore, before making any decisions, be sure to conduct in-depth research on any potential investments.
Pros
- They have morning newsletters on market talks for free to know the market recap.
- Our brokerage offer will help you get the most out of your income and retirement savings.
- Just like traders, there are many algorithms and techniques to improve text generation with AI.
- Upstocks, A Telecoms Sector Funded by Ratan Tata.
Cons
- The margin on your trading is limited.
- When considering investing in mutual funds, customers will need to evaluate both direct plans and regular plans.
- Even for the pre-paid plans, Demat Transaction Charges are higher because you are not charged on what you withdraw/deposit money for, but rather your transactions.
- Intraday orders require an additional ₹20 charge for customers if not executed by the user.
Groww
Groww is the sixth trading app that you should unquestionably investigate. You can invest in stocks, mutual funds, and other things on Groww, an online investment platform. Its user interface is created to be simple to use and comprehend, making it possible to compare various stocks, funds, and other investments without switching between different screens.
Groww also provides services like tailored recommendations and in-depth investment research. Another AI-based tool called Auto Investing enables new investors to get going right away by suggesting the best bargains. Additionally, Groww provides an app that is accessible on both iOS and Android if you enjoy trading while on the go.
Pros
- Commission-free investment for customers.
- One of the many offerings by transaction allows for your bespoke trading account to be opened quickly and easily. As long as you have an Aadhar Card, an account setup is fast!
- UI design and usability.
- The option for investing in US-based stocks is coming.
Cons
- Implications of the lack of products include limited commodity investments and complicated hedging.
- ActiveHelp’s live chat is available!
- Users find difficulty in doing an in-depth and detailed analysis of available fund investment options, as the available online content is not enough.
ICICI Direct
One of the most well-liked choices for trading apps in India is ICICI Direct. A number of features are available in this app, including in-depth market research, cutting-edge order entry technologies, and minimal brokerage fees. With features like one-click transfers, live streaming quotes, and more, the ICICI Direct mobile app also makes trading stocks while on the road much simpler.
In addition to being one of the top trading applications in India because of its extensive feature set, ICICI Direct also offers excellent customer support. ICICI Direct is an excellent option for both new and seasoned traders equally because it provides 24/7 support for any problems you could have while trading. And it’s little wonder this software is so well-rated by Indian traders given its minimal brokerage fees and user-friendly layout.
Financial services company, ICICI Securities Limited, offers a highly robust product portfolio that can be accessed through a variety of exchange-traded products. ICICI Direct combines its more known financial securities with Indian market insights to provide customers with adequate choices.
Pros
- VTC (Valid Till Cancelled) option gives customers a chance to place buy or sell limit orders which will remain valid for 45 days. With this, customers do not need to constantly monitor markets or wait for trends because they can place orders at any time to get maximum relevance in the activity.
- Wealthfront helps simplify how you invest.
- Stock market analyses and other pricing data services are for sale at a very competitive price.
Cons
- Brokerage is high compared to others. Customers have the option to subscribe to ICICI direct Prime or prepaid brokerage plans for investment protection.
- The current high brokerage charges for traders who don’t trade frequently will change with the Affordable Healthcare Act.
- ICICI Direct charges more when you trade in stocks under Rs.1
- The charge for a call & trade is high-rangin’–worse than a missed charge order.
HDFC Securities
One of the top ten trading applications in India right now is HDFC Securities. Investment in stocks, ETFs, derivatives, mutual funds, and other financial products is made simple thanks to the platform’s robustness and user-friendly interface.
The software includes a powerful charting system that enables you to track the market and decide which stock to buy or sell with knowledge. The app also provides a variety of research tools to aid with market analysis and investment management.
The combination of HDFC Securities with the bank’s online banking services makes it one of the top trading apps in India. Users now have access to their bank accounts, making it simple to complete transactions while on the go. Additionally, its portfolio management function enables you to monitor your investments and make wise investment choices.
Pros
- Enjoys brand equity and trust because of its banking service provider HDFC bank.
- Futures trading in India’s most innovative trading facility helps traders reduce risk
- Investors Relations Advice
- A portfolio tracking system monitors the overall performance of an investment
- How geography influences the nature of the business.
Cons
- Invest in high volumes for a more negotiable HDFC brokerage.
- Why don’t you offer a free account opening service?
- HDFC blink is a terminal-based trading platform that can be subscribed to in advance.
- Request a texting message and purchase cell phone consultations with Kevin.
Kotak Securities
The second-largest private sector bank in India has developed a mobile app called Kotak Securities that aspiring traders would like. You can trade stocks, bonds, and derivatives through the app, and automatic trading methods are also accessible.
Kotak Securities is a full-service broker that is a subsidiary of Kotak Mahindra Bank. They distribute financial products and services across the country. The segments in which you can invest (include Equity, Commodity, Currency, Futures, and Options) through this broker. Services are tailored to farmers, HNIs, self-employed people SOPs, individual traders TCYs & more, making investing manageable for everyone. They employ highly educated doctors to help diagnose your requirement.
With the help of this software, you can instantly evaluate market patterns on your phone, get real-time stock quotations, and set up push notifications to monitor all of your investments. To increase your gains, you may also employ its sophisticated options trading tools. Additionally, the app offers some of the lowest brokerage costs on the market, so you won’t need to worry about them.
Kotak Securities is, all things considered, a fantastic option for anyone looking for robust trading software with a tonne of tools that make it simple to manage your money.
Pros
- Kotak Securities provides a wide range of investment options.
- Provides insights to customers every day.
- The benefits of incorporating pass.
- What NRIs can do to take advantage of Kotak Securities?
Cons
- Call & Trade charges vary depending on the frequency of investing.
- How India’s bank found relief from customer care.
5paisa
For traders wishing to trade equities and derivatives, the 5paisa trading app is a great option. To assist you in making wise selections, the app provides a variety of research reports, several market watch lists, and sophisticated graphing capabilities. Additionally, the app offers real-time streaming of market data, enabling you to receive up-to-the-second stock price updates. To assist you in rapidly and easily learning how to trade, 5paisa also provides a variety of instructional resources, including webinars and videos. As if that weren’t enough, the app also has a handy mobile wallet that lets you transfer money in and out without ever leaving it. You also earn from 5paisa when you refer it with your friends & family.
Pros
- IIFL Group, which is a premier Indian NBFC with experience of over 2 decades, is the promoter of 5paisa.
- Offers Two Different Subscription Plans.
- TD Ameritrade offers free research to trade ETFs, stocks, and CFDs.
Cons
- High Demat transaction charges.
- Low brokerage charges come at a cost.
- Why Call & Trade is typically after purchase.
- A statement from 5paisa clearing the air on NRI Trading Services.
- Information on the website, promotions of other sites.
- Call & Trade lets you trade your stocks and commodities for free and in real time.
Motilal Oswal
The Motilal Oswal App is ranked as the tenth-best trading app in India. For investors who seek easy access to stock trading and research tools, it’s a fantastic choice. This software gives users access to market data, real-time quotes, and research reports so they can make decisions with confidence.
Additionally, it has a sophisticated trading platform that accepts a variety of order types, allowing you to effortlessly and effectively implement your strategy. Additionally, the Motilal Oswal Trading App has a straightforward, practical design that makes it simple to quickly and conveniently find what you’re looking for.
This app will assist you in expanding your investment portfolio regardless of your level of experience, whether you are a novice trader or an expert.
Pros
- Free call and trade services.
- Find out what stock or security is the perfect one for you.
- Trend-guided AI uses machine learning to analyze market trends and find trading opportunities, improving trading performance by 8%.
- Change your trading strategy to improve your knowledge.
Cons
- Does not offer flat brokerage or discount brokerage plans.
- Non-registered mutual funds.
- Fees are included at different rates.
Axis Direct
One of the biggest digital brokerages in India, Axis Direct has a great trading app. The abundance of educational and analytical tools, as well as the news and insights provided by the market, make it excellent for beginners. A sophisticated charting tool included in the app offers traders a thorough technical analysis of stocks and other assets.
To keep a close eye on the markets without having to sign into multiple accounts, the app also makes it simple for you to track your investments and portfolios. Additionally, Axis Direct offers 24/7 customer service for those emergency situations.
Pros
- The provision of 3 in 1 account facilities provides users with a smooth and flawless trading experience.
- Expensify offers quality research reports at a price
- How to get in touch with your customer service officer
- Axis Direct Offers Free Learning Options
- How AXIS bank used a ‘sleek purple touch to its digital banking service’
Cons
- Brokerage, opening costs, and maintenance charges are very high.
- It is a chargeable subscription-based platform.
Summary
So, if you’re looking for the best Indian trading app, you might want to start with one of the apps on the list above. But don’t stop there; continue looking around until you find the option that best meets your requirements. Cheers to trading!
