3 Best Trading Apps In India for 2024
India offers a wide variety of trading platforms that cater to both novice and experienced investors alike. In this article, we present to you the best trading apps in India, carefully assessing their features, user-friendliness, security measures, and customer support.
Whether you’re looking for real-time market data, advanced charting tools, or a simple interface for your investment needs, this article has got you covered on the best trading app that suits your unique financial goals.
Best Trading Apps in India
1. Zerodha Kite BEST TRADING APP OVERALL
A/C opening Charges
Online account INR 200, Offline account INR 500
Equity delivery Brokerage Charges
No Brokerage
Android Downloads
1 cr+
Why We Picked It
Zerodha has more than one crore active clients contributing almost 15% of all Indian retail trading volumes. This app is recommended for beginners as well as advanced traders and investors owing to its robust technology platform.
Zerodha Kite is an in-house flagship mobile trading software app of the company. At present, Kite 3.0 web platform offers market watch, advance charting with more than 100 indicators, advanced order types like cover order, good till triggered (GTT) order, fast order placements, among other features.
Moreover, a user can use Zerodha Kite also in the form of a chrome extension where features such as order placement, stock tracking, can be availed.
Key Features
• High-speed streaming of market data, advanced charts with sophisticated user interface.
• Launched “sticky order window”, where the order window remains open, making it easy to place multiple orders with the same input.
• “Leverage indicator “helps users to check the amount of leverage they are getting for a particular trade against equity stocks,
• Provides deep analytics on every day trades and overall portfolio.
• Advanced features such as “view breakdown” depicting brokerage and STT charges.
• Free equity delivery trading with no brokerage fee.
• Direct investment in mutual funds (MF) with no commission charges.
• Provides up to 20x leverage on intraday trading.
• Can make it a 3-in-1 account (demat-trading-bank account) with IDFC First Bank.
• Allows application for Initial Public Offerings (IPOs) directly with the app.
Pros & Cons
- Available on both iOS and Android.
- Zero brokerage fee for equities delivery trades and MFs.
- Beginner-friendly application and user interface
- Best-suited for passive, active or algo traders.
- Charge for account opening and account maintenance, INR 200 and INR 300 per year, respectively.
- Charge extra for trade SMS alerts, which is optional.
- Does not offer any stock tips, research reports for free.
- Order details have to be fetched from a different app which is a detached entity from the main app
2. Upstox Pro Trading App – Best Trading App For Intraday and F&O Traders
BEST TRADING APP FOR INTRADAY AND F&O TRADERS
Upstox PRO Trading App
A/C opening Charges
Nil (account maintenance charge after first year: INR 300)
Equity delivery Brokerage Charges
INR 20 or 2.5% of per executed order whichever is lower
Android Downloads
1 cr+
Why We Picked It
Tiger Global-backed Upstox PRO is a popular discount broker app, which is backed by marquee investors such as Indian billionaire Ratan Tata and Tiger Global Management. It provides trading and investment opportunities in stocks, currency, commodities and in mutual funds with advanced tool options like trading view and charts IQ libraries, which is recommended for advanced and seasoned investors.
Key Features:
• Deals in equities, derivatives, currency future and options and commodity future and options.
• One can invest in gold, IPOs and MFs.
• No commission for MFs investments.
• Advanced features such as market watch, live stock quotes, advanced charts.
• Trade directly from charts under the “TFC” feature.
• Offers up to 5X leverage on intraday trading.
• Advanced charting tools with more than 100 technical indicators.
Pros & Cons
- Reasonable brokerage charges
- Available on both iOS and Android.
- Browsing between screens and trade is very easy.
- No fees for account maintenance and account opening.
- Option to set an unlimited number of price alerts of a specific stock.
- No cap on customizing of stocks watchlist.
- User complaints on the updated version of the Upstox App.
- Charges INR 20 for call and trade orders.
- Chart interface is poor.
- Does not offer any research and recommendation.
3. 5 Paisa – Best Trading App for Retail Trading
BEST TRADING APP FOR RETAIL TRADING
A/C opening Charges
Nil (account maintenance charge after first year: INR 300)
Equity delivery Brokerage Charges
INR 20 per executed order or 2.5% of whichever is lower
Android Downloads
1 cr+
Why We Picked It
5paisa is one the growing trading apps of India which is available on both apple and android. This app is quite a preferred choice for both traders and investors. It provides an array of products such as stocks, mutual funds, commodities, currency. 5paisa also offers free access to news, research, advisory and blogs which is not provided even in the best of the trading apps.
Key Features:
• Clean user interface
• Easy access to watchlists and order books.
• Research advisory based on the specific goals.
• Real-time access to market data, live stock quotes and price updates.
• Advanced tool options for charts and multi-asset watchlists.
• Launched basket orders with which users can place several orders with a single click.
• Allows investing in U.S. stocks.
• Option to create multiple watchlists and create unlimited price alerts.
Pros & Cons
- Extra benefits such as no charge for call and trades, cashback options, among others.
- No charges for opening a demat account.
- No commission on MF investing.
- One-click order placement.
- Highly customizable app.
- Multilingual app support.
- Provides research and recommendations.
- Complaints of intermittent hanging of the app.
- Distractions on app due to advertisements and promotional offers.