With increased digitalisation, the best trading apps are on an upswing. According to the research, in 2023, the online trading market size was valued at $9.55 billion and is estimated to reach $10.15 billion by the end of 2024 to $16.71 billion in 2032 at a CAGR of 6.4%. Users who admire buying and selling securities, futures, derivatives, stocks, options, and ETFs (Exchange-Traded Funds) use trading apps daily.
Several companies are offering the best trading app for beginners, which helps newbies enter and experience the world of trading. With the evolution of mobile applications, trading has become easier for those who travel the most or don’t have much time to sit on their desktops or laptops apart from work.
Let’s delve deeper into the various types of best trading apps.
Explore the 8 Best Online Trading Apps
The best stock trading app allows users to buy and sell stocks, securities, and other stock market products. The trading apps can be easily installed on a mobile or smartphone so that users can access the trading apps anywhere and anytime. Let’s heed the best trading apps and gain comprehensive knowledge.
1. Zerodha Kite
Zerodha Kite is among the best trading apps in India, developed by Zerodha, one of the largest and most well-known stockbrokers in the country. The app provides real-time market data, which is crucial for making informed trading decisions. It features advanced charting tools, including multiple indicators and drawing tools, to help traders analyze market trends and make strategic moves.
One of the key advantages of Zerodha Kite is its low brokerage fees, which helps traders minimize costs and maximize profits. The app also includes features like a watchlist for tracking favourite stocks, a detailed order book, and real-time alerts for market movements.
Features
- The best stock trading app, Zerodha Kite, offers free or zero brokerage equity delivery.
- Zerodha Kite provides comprehensive charts with over 100 indicators and real-time data.
- The app gives access to F&O, equity, currency markets, and commodities.
- The app is best for experienced traders seeking reliable apps at low costs, as well as beginners.
Brokerage Charges- The app offers 0.03% or Rs 20/ executed order (whichever is lower) for F&O Futures and Equity intraday and Flat Rs.20 per executed order in F&O- Options.
Drawbacks
- Users reported that there needs to be direct support for investing in the international market in the app.
- Users need more research tools in the app.
App Available on- Android and iOS
2. Upstox Pro
Upstox Pro is a popular trading app in India, created by Upstox, a well-known stockbroker. It’s designed to be easy to use for both beginners and experienced traders. It offers real-time market data and advanced charting tools, which help you analyse market trends. You can trade in stocks, commodities, and derivatives.
Upstox Pro is known for its low fees, which means you save money on trades. The app is fast and reliable, with features like watchlists, market alerts, and detailed trading reports. It works on both mobile and desktop, so you can manage your trades from anywhere.
Features
- The best app for trading in India provides advanced charting tools with around 100+ indicators.
- The app provides access to commodities, currencies, equities, and derivatives.
- Upstox Pro is the best for cost-conscious traders, requiring simple but effective and the best trading apps and advanced charting features.
Brokerage Charges- Brokerage charges for Upstox Pro include Rs. 20 or 2.5% of the trade value (whichever is lower) for Equity Delivery, Rs. 20 or 0.05% of the trade value (whichever is less) for Equity Intraday, Equity Futures, Commodity Futures, Currency Futures, and Flat Rs. 20 brokerage fee for Options.
Drawbacks
- Users reported that customer support needs improvement.
- Users feel inconvenienced when using a different app to make Mutual Fund Investments (Upstox MF).
App Available on- Android and iOS
3. Angel One (Angel Broking)
Angel One is one of the best trading apps for helping traders or users invest in the Indian Stock Market, including stocks, mutual funds, commodities, IPOs, futures, and options. Angel One offers real-time market data and advanced charting tools to help you analyse market trends and make informed decisions. It supports trading in stocks, commodities, and derivatives.
The app is known for its low brokerage fees and user-friendly interface. It features a watchlist for tracking your favourite stocks, real-time alerts for market changes, and detailed reports on your trades. Angel One is available on both mobile and desktop, allowing you to manage your investments conveniently from any device.
Features
- The app offers AI-powered( suggestions generated by artificial intelligence) recommendations.
- One of the best trading apps has integrated portfolio tracking features.
- The app provides multiple investment options, including IPOs, Stocks, and Mutual Funds.
- The Angel One app is best for investors who require a combination of full-service brokers, self-directed trading, and advisory services.
- Angel One charges no brokerage for equity delivery trades.
Brokerage Charges- The brokerage charges for intraday, currency, commodity, options, and futures are Rs.20 or 0.25% (whichever is less)of the transaction per executed order. The app charges Rs. 20 as DP charges per debit transaction, call and trade charges per order, auto square-off charges per order, and AMC charges per month starting from the second Year.
Drawbacks
- Users reported a high- brokerage for full features and services.
- The users reported app performance issues during peak hours.
App Available on- Android and iOS
4. Groww – Best Trading apps in India
Groww is the best trading app in India, which was originally a Mutual fund app, but now, it’s offering direct equity trading. The Groww app is a perfect online trading platform that allows traders or users to invest in stocks, mutual funds, and other products.
It provides real-time market data and easy-to-understand charts to help you track and analyse market trends. You can trade in equities, mutual funds, and ETFs, and the app also offers features like a watchlist, investment recommendations, and personalised insights.
One of Groww’s key features is its low brokerage fees, which makes it a cost-effective option for investors. The app is known for its clean design and ease of use, with both mobile and desktop versions available for convenient access to your investments. Overall, Groww is a solid choice for managing and growing your investment portfolio.
Features
- The app offers no maintenance charges and account opening fees.
- The app offers an easy account opening process without much paperwork.
- The users can invest in mutual funds like SIP, and lumpsum, and compare based on NAV, returns and risks.
- Groww is one of the best trading apps that offers real-time price updates.
- The users can add a stop loss when placing an order for intraday.
- The app provides candlestick charts to check the historical performance and price movements.
- The app is the best for first-time investors seeking a beginner-friendly app.
Brokerage Charges- The brokerage charges for stocks are Rs. 20 to 0.05% of the order amount (whichever is less). Other charges include –
- STT charges- 0.025% for sell orders
- GST
- Penalties
- Regulatory and Statutory Charges
- Exchange Transaction Charges 0.00345% for sell and buy orders from BSE and NSE.
- SEBI Turnover Charges 0.0001% for buy and sell orders.
- Stamp duty 0.003% for buy orders.
Drawbacks
- Users reported that the app lacks advanced features for professional traders.
- Some users have concerns about lack of research and analysis tools in the app.
App Available on- Android and iOS
5. 5Paisa
5Paisa is the best stock trading app that works as the perfect platform for trading and investment at a low cost. The app provides traders an opportunity to open a demat account and invest in multiple stock market products. You can trade in equities, commodities, and derivatives, and the app also offers features like a watchlist, market alerts, and portfolio management.
The app has a user-friendly interface and is available on both mobile and desktop, allowing you to manage your investments from anywhere.
Features
- The users can create a tailored portfolio in the app.
- One of the best trading apps allows traders or users to open a demat account in less than 5 minutes.
- The users can invest in Mutual Funds by selecting from over four thousand schemes at zero commission.
- The users can begin margin trading in Futures and Options with Rs. 10 per order.
- The users can set price alerts through mobile notifications to receive instant alerts.
- The Stock SIPs are available in the app that automates orders every day, month or week.
- The app offers a comprehensive company page that includes over three hundred data points, news, corporate actions, trend graphs, financial statements, price estimates, technical and fundamental analysis, and company results.
- The app is the best for traders and investors who want multiple financial services under a single umbrella.
Brokerage Charges- 5Paisa charges flat Rs.20 per order for Futures & Options, Currency derivatives, Intraday, and Equity delivery. Demat account is free from any annual fee or account opening charges.
Drawbacks
- Users reported that the app charges additional fees for advisory and research services.
- Users complain about slow customer support services.
App Available on– Android and iOS
6. ICICI Direct Markets App
ICICI Direct Markets App is a part of ICICI Securities. The app is perfect for the user who prefers trusted brands and includes a wide variety of features. The app is designed to provide a comprehensive trading experience with a range of features for both beginners and experienced investors.
The app is known for its reliable service and extensive research tools, including investment recommendations and market insights. ICICI Direct features a user-friendly interface, a watchlist for tracking stocks, and alerts for market movements.
Features
- ICICI Direct Markets App is one of the best trading apps that offers a wide variety of investment options including mutual funds, stocks, derivatives, and bonds.
- The app offers integrated trading and banking services for ICICI Bank account holders.
- The app allows the users to open a Demat account
- The app features include live streaming charts.
- The app lets you create your customised watch list and has an interactive user interface.
- The users can have quick access to funds after selling shares.
- The users or traders can check executed trades.
- The app is best for investors seeking a trusted name, extensive research and a full-service brokerage.
Brokerage Charges
- The minimum brokerage is Rs. 35 per trade or 2.5% of the trade value (whichever is less).
- The brokerage on stock is Rs. 35 or 0.05 per share (whichever is high). Brokerage for margin and margin plus include 0.050% for the I-Secure Plan. The minimum brokerage for transactions up to 50,000 is Rs. 25 or 2.5% (whichever is less).
- The brokerage for i-Value Plan includes Future trades- Rs. 20 per order. Options Trade- Rs. 20 for both intraday and carry forward, and Equity Intraday Trades is Rs 20 per order.
Drawbacks
- Users reported that the app has high brokerage
- Users complain that the app is complex for beginners
Available on – Android and iOS
7. WazirX: Buy Bitcoin & Crypto
WazirX is the best cryptocurrency trading app and is the most popular app for cryptocurrency exchanges. The app allows users to buy, sell, and trade a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many others. WazirX offers real-time market data, advanced charting tools, and seamless trading options to help users navigate the cryptocurrency market.
One standout feature is its native token, WRX, which can be used for trading fee discounts and other benefits on the platform. Additionally, Its Smart Token Fund (STF) program allows users to invest in a diversified portfolio managed by experienced traders, making it accessible to those who prefer a hands-off approach.
Features
- The app offers a wide range of cryptocurrencies for trading, i.e., over one hundred coins.
- The app allows traders or users to have seamless Fiat to Crypto transitions with INR deposits.
- The app offers built-in trading chart analysis tools for traders.
- One of the best trading apps integrated with Binance for advanced trading.
- The app is the best for beginners and experienced traders seeking a vast variety of cryptocurrencies in one app.
Brokerage Charges- The trading fees of the app depend upon the WRX (a native utility token of WazirX) the user holds in the platform, the more the WRX, the less is the trading fee. A withdrawal fee is applicable when the user transfers coins out of exchange. A deposit fee is incurred when the user adds funds to the exchange wallet. The deposit fees can be a fixed amount or a percentage of the deposited amount.
Drawbacks
- Users reported that there is a lack of customer support in the app
- The users complain that there are limited advanced charting features in the app
App Available on- Android and iOS
8. OctaFX
Overview- OctaFX is a prominent and the best forex trading app and CFD(Contract for difference) broker offering an easy-to-use mobile app. A unique feature of OctaFX is its “OctaFX Trading Academy,” which offers educational resources and training materials to help traders enhance their skills and knowledge.
The app also provides advanced trading tools, including customisable charting options and real-time economic calendars, which aid in making well-informed trading decisions. Beyond just forex and cryptocurrencies, OctaFX offers access to a variety of commodities and indices, providing traders with a broad spectrum of investment opportunities.
Features
- The app supports MetaTrader 4 and 5 platforms for advanced trading.
- The best trading app in India offers educational material in the app.
- The app offers the best customer support like live chat.
- The app contains a variety of trading instruments including CFDs on Forex, cryptocurrencies, shares, commodities and indices.
- The app provides commission-free trading with variable spreads.
- The app offers leverage up to 1:1000 for most FX Pairs.
- The app claims to execute orders within 0.1 seconds.
- One of the best trading apps is best for beginners and intermediate traders seeing access to Forex and CFD Markets with low fees.
Brokerage Charges- There are no brokerage charges applicable. The app offers commission-free trading.
Drawbacks
- The users reported that there is a lack of asset classes outside of Forex and CFDs.
App Available on- Android and iOS
Conclusion
Choosing the right trading app is crucial for maximising your investment potential. From user-friendly interfaces and advanced charting tools to low brokerage fees and broad market access.
This Trading apps provide a range of options to suit both novice and experienced investors. By evaluating their features and selecting the one that aligns with your trading goals, you can enhance your investment strategies and achieve better financial outcomes.
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FAQ’s about The Top Trading Apps In India
Q. Which one is the best trading apps in India?
A. Zerodha Kite is often considered the best trading app in India due to its user-friendly interface, low brokerage fees, and comprehensive features for trading in equities, commodities, and derivatives.
Q. What is the most used trading app?
A. Zerodha Kite is the most used trading app in India, with a significant user base due to its reliability, low costs, and extensive market access.
Q. Which is the legal trading app in India?
A. All major trading apps like Zerodha Kite, Upstox Pro, Angel One, and ICICI Direct are legal in India, as they are regulated by the Securities and Exchange Board of India (SEBI) and adhere to its guidelines.
Q. Is Zerodha better or Groww?
A. Zerodha is generally considered better for active traders due to its advanced features and low brokerage fees, while Groww is popular for its user-friendly interface and focus on mutual funds and ETFs.
Q. Which trading app is best for beginners?
A. Groww is one of the best Trading apps for beginners because of its simple interface and easy-to-use features for investing in stocks, mutual funds, and ETFs.
Q. Which is the legal trading app in India?
A. All reputable trading apps like Zerodha Kite, Upstox Pro, Angel One, and ICICI Direct are legal and regulated by SEBI in India.
