You want to start investing on the Indian stock market, but you’re not sure where to start. Choosing the best trading app for your requirements can be overwhelming with so many options available.
This is where the best trading app in India for beginners comes in. These apps provide an intuitive user interface that makes it straightforward for beginners to start trading right away, regardless of their level of experience.
In order to help you make wise investing choices and confidently begin your trading career, I’ve researched and compiled a list of the best trading apps in India for beginners.
What Is Mobile Trading?
A kind of stock trading that is done using a mobile phone is known as “mobile trading.” Nowadays, almost all major stock brokers offer specialised trading apps for their clients, who can use them to trade in shares, mutual funds, or initial public offerings (IPOs). Even though the Securities and Exchange Board of India (SEBI) sanctioned mobile trading more than a decade ago, investors preferred to use their typical dealers at the time, so its adoption was rarely visible.
7 Best Trading Apps in India
1). Zerodha Kite
The best all-in-one stock trading solution is Zerodha Kite.
India’s top trading app, Kite, is offered by Zerodha. In India, it serves more than 5 million clients. Through an easy-to-navigate and extremely valuable mobile app, Kite offers you a large range of stocks to trade in.
- six types of charts to help in evaluating the market’s condition.
- After Market Order (AMO), brackets and covers, and other options for placing advance orders are available.
- gives you market information and keeps you updated on events that can change the value of stocks.
- easy-to-use mobile app.
- Pin your favourite tweets.
- Popular Broker: With its increasing trading volume and active clients, Zerodha is currently a leading broker.
- Coin, Smallcase, Streak, Sensibull, Console, Kite, Varsity, Sentinel, and GoldenPi are just a few of the trading tools provided by Zerodha.
- Brokerage-free Equity Delivery Trades While buying shares using the platform’s cash-and-carry feature, no brokerage is required. There are no leverage costs involved with the delivery trade-off.
- The cheapest broker in India offers a very simple and cost-effective pricing model, charging 0.01% or $20 per order, whichever is lower.
- Zerodha has established itself as India’s first self-clearing broker platform.
- As Zerodha does not provide banking facilities, the three-in-one trading account is not available here. Any online bank can be linked to a customer’s Zerodha account at their discretion.
- Stop losses are not provided for the weekly settlement.
- The equity segments that are provided to customers do not offer margin availability against shares.
- Demat planning is not available as a free lifetime service.
- Calls and trading are not provided for free.
Flat Rs. 20 or 0.03% (whichever is lower) per executed order on intraday trades in equities, currencies, and commodities
The Angel Broking App is fundamentally a mobile app intended to allow you to easily perform stock trading.
This consistent app was created by Angel Broking, a full-service stockbroker firm that was founded in 1987.
They established their very own trading platforms after firmly gaining ground in the stock trading industry.
The app’s user interface is visually stunning and includes some best-in-class innovation to make it simple to use.
- Personal advice
- payments based on UPI
- intraday charts with indicators,
- multiple segment watch lists
- current market data
- online money transfer facility
- Ledger, DP, and fund reports can be accessed.
- Zero brokerage charges
- portfolio management
- fractional investment.
- Per executed order while trading over the call, there is a 20-rupee charge.
- Improvements in terms of design are required for technical notifications.
- For Windows operating systems, there isn’t yet a mobile app version available.
Angel One offers free equity delivery trading. For equity intraday, F&O, currency, and commodities, Angel One charges a maximum brokerage of Rs 20 per order and a minimum brokerage of 0.25% of the transaction value.
3). Upstox Pro
An innovative low-cost broking firm in India called Upstox provides trading opportunities at unbeatable prices. On its Upstox Pro Web and Upstox Pro Mobile trading platforms, the company provides trading on a variety of markets, including equities, commodities, currency, and futures.
A group of investors, including Kalaari Capital, Ratan Tata, and GVK Davix, are backing Upstox.
The Upstox trading platform provides a variety of trading features, including charting, analysis, and trading. This platform makes it simple to place orders online or using mobile phones.
- Charts to help you make wise investments.
- Quick stock buying and selling
- Bracket orders and cover orders.
- notifies you of the pricing of your preferred stocks.
- Maintenance costs for the Demat account are Rs 0.
- There is a mobile trading app available for both iOS and Android devices. Software does not include charges.
- Both web and mobile users can access After Market Order (AMO) and Cover Order.
- Both the web and mobile platforms offer trailing stop and stop loss (SL).
- Equity and commodity markets both provide good-till-Triggered (GTT) orders.
- The delivery brokerage for equity is Rs 20 per trade. Most other brokers offer brokerage-free stock market investment.
- Delivery trades are not available on margin funding.
- Upstox doesn’t provide monthly trading plans that are unlimited.
- There is no 24/7 customer service.
The charge for equity delivery trades is Rs 20 per trade, or 0.1% (whichever is lower), and intraday and F&O trades cost Rs 20 per trade, or 0.05%. (whichever is lower).
Leading online stockbroker 5paisa.com offers Indian retail investors low-cost brokerage services. The founders of IIFL have promoted 5paisa Capital Ltd., a publicly traded and professionally managed company. It had more than 1.2 million users as of March 2021.
At BSE, NSE, and MCX, 5 paisa online trading is allowed in the areas of equity, commodities, and currencies. The stockbroker has a flat-rate discount.
- You can trade your stocks, mutual funds, currencies, commodities, and more.
- The auto-investing feature is based on your specific goals.
- user-friendly interface
- All transactions require a single click.
- You can research market conditions with the help of advanced charts.
- research tools.
- easy to use
- auto investing
- learning resources.
- rupee0 commission on trading mutual funds.
- In the optimal plan, research and advisory services are not available.
- 5Paisa doesn’t provide services for NRI trading.
- does not offer a 3-in-1 account.
For equity delivery trading, 5P charges zero brokerage; for equity intraday trading, the lowest brokerage is charged.
- — that is, a flat fee of Rs. 20 per order.
With more than 90 lakh customers, Groww is one of India’s fastest-growing investment platforms. Groww started in 2016 as a platform for direct mutual funds. Currently, investors can trade and invest in stocks and mutual funds through the Groww app.
- Invest in gold, fixed deposits, US and domestic stocks, mutual funds, and F&Os.
- learning resources.
- Withdraw Rs. 50,000 per day or 90% of the total money invested, whichever is less.
- Self-directed trading.
- You can study market trends with the help of advanced charts.
- There are no charges for account opening.
- There are no charges for account maintenance.
- ISO/IEC 27001:2013 certification ensures that your data is secure and encrypted.
- No call-and-trade services
- lack of margin against shares.
- Don’t suggest buying shares of SMEs.
Zero maintenance fee, trusted by over 30 million Indians.
6). IIFL Markets
One of India’s biggest portfolio management service providers is IIFL. The brokerage offers customers good investment strategies, which is why they recently launched the IIFL Markets app to offer the best services.
- trade in commodities, currencies, F&O, and equities.
- tools for researching market trends.
- Free research reports on the 500 top NSE/BSE-listed companies
- Simply follow the steps to place a buying or selling order.
- allows you to modify or cancel your pending orders.
- Free research reports
- notifications about market news
- There are no charges related to managing your trading account.
- Unlike discount brokers like Zerodha, ProStocks, Angel One, and others, equity delivery brokerage is not free.
- Direct mutual funds are not offered.
- Call-and-trade changes cost Rs. 50 per call.
For intraday and F&O trades in equity, currency, and commodity at BSE, NSE, and MCX, this plan offers brokerage-free equity delivery trades and charges a flat rate of Rs 20 per trade.
The best trading app in India is Fyers. You can use the charts it offers to study market trends. You can access your account from the web or the mobile app since the mobile app is simple to use and automatically syncs with the web version.
- Free advanced charts are available.
- To access it, use the web or a mobile app. Both are automatically synced.
- Charts for studying market trends
- notifies you about important stock market information.
- a user-friendly interface.
- notifications and market-related updates.
- For the delivery of equity, there are no brokerage charges.
- Historical data spanning more than 20 years.
- rupee20 charges for orders placed on call.
- There is no trading in mutual funds.
Fyers follows a fixed brokerage model, charging a flat Rs 20 or 0.03% (whichever is lower) per executed order. On the delivery of equity, there is no brokerage charge. The maximum brokerage per order that can be charged is Rs 20.
What factors should I consider while selecting a trading app?
- The trading platform should offer a user-friendly interface, quick loading speeds, and reliable data.
- Offer fast and effective trade execution.
- Providing investors access to real-time quotes, charts, news feeds, and premium analysis
- offer high-quality security features
- Dynamic trading interface with little downtime
- Provide traders and investors access to comprehensive databases with enhanced security, transparency, and liquidity features.
If you’re looking for the best trading app, the information in the article can help greatly.
Check all the parameters as you narrow down your search, compare the apps, and then select the one that best suits your requirements.
One of the most important companions you have in your trading ventures are these apps. So, after thorough research, choose it.
What is the best trading app in India?
According to order placement speed, charges, and overall services, some of the best trading apps in India are given below:
1. Zerodha Kite app
2. Grow the trading app
3. Upstox Pro app
4. Angel Broking mobile app
5. 5paisa trading app
What Are the Benefits of Using Trading Apps?
Easy use: Mobile trading apps make it simple and quick to place orders. Compared to desktop terminals, it is significantly easier to use.
Using a mobile trading app, you can view market data at all times, such as shares, commodities, stock indices, etc. Live portfolio reviews and market updates are also accessible.
Notification feature: The notification feature is one of the best features of share market apps. The app will send you alerts no matter where you are to let you know about the latest happenings in your portfolio as well as broker recommendations.
Related news updates: Online trading apps allow users to access real-time updates on events related to a specific stock or market segment.
Research reports: Trading apps also provide insight from experts or brokerage firms in the form of recent research reports.
Is It Secure To Trade Via App?
Apps use the same safety protocols as web-based portals.
Only your distinct and unique details will allow you to access trading accounts through apps.
To access your account on an app, you need a user ID and one-time password.
Which trading app is the cheapest in India?