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Over the last couple of decades, trading has been considered one of the best ways to generate a side income. There are many applications that people currently use for trading. However, many of them are not good or safe. If you are looking for the best trading apps in India, read this article to learn more about the best trading apps in India.
Our Top Picks
Best Overall - PayTM Money
Paytm Money is India's best overall trading application, offering Rs. 500 free brokerage this month. Aside from that, the app has an easy-to-use interface and a lot of advanced trade analysis tools that can help you.
Best for Beginners and most popular - Zerodha Kite
Zerodha Kite is the best forex trading application in India as it allows people to trade across so many assets and provides many free trade analysis tools that can be helpful for them.
Best for Trading - Aditya Birla Money
Aditya Birla Money is the best trading application due to its simple and easy-to-use user interface.
List of The Top 10 Trading Apps In India
Rank | Names | Ratings | Top Features | Fees (Per Trade) | Best Offers |
1 | 5.0/5.0 | Zero commission on direct mutual funds | Rs. 15 | Rs. 500 free brokerage this month | |
2 | 5.0/5.0 | Has all the stock trading options | Rs. 20 | Zerodha Referral and Earn: Flat 10% Brokerage + Extra 300 Reward Points | |
3 | Angel One | 5.0/5.0 | Rapid buying and selling of stocks | Rs. 20 | Free Offer : Free Demat Account |
4 | Upstox App | 4.7/5.0 | Best for instant investing | Rs. 20 | Sign Up Offer: Sign up for Free and start your investing journey today |
5 | Groww App | 4.6/5.0 | Perfect for Beginners | 0.05% or Rs. 20 (which one is lower) | Mutual Funds Offer : Get Up to 65% back on your mutual fund investment |
6 | 5paisa App | 4.6/5.0 | Has Auto investing option | Rs. 20 | 5paisa IPO Offer - 30 days Power Investor Subscription Free |
7 | ICICI Direct App | 4.5/5.0 | Pay Later with marginal trading | Rs. 20 | No current offers |
8 | Edelweiss App | 4.3/5.0 | Has many advanced trade analysis tools | Rs. 10 | No current offers |
9 | FYERS | 4.0/5.0 | One of the lowest trading fees | 0.03% or Rs. 20 (which one is lower) | Free Account Opening |
10 | AliceBlue App | 4.0/5.0 | Just Rs.15 for intraday trading | Rs. 15 | Special offer : Trade brokerage-free equity delivery |
Comparison Between Apps
App Name | Ratings | Charges | Unique Features |
5.0/5.0 | Rs. 500 free brokerage this month | Many free trade analysis tools and pending bonuses on trading volumes | |
5.0/5.0 | No charges for equity delivery | It is an all-in-one trading solution | |
Angel One | 5.0/5.0 | No charges for trade across any segment | Perfect option for beginners |
Upstox App | 4.8/5.0 | Rs. 20 for per executed orders | Advanced charting tools with over 100 technical indicators |
Groww app | 4.6/5.0 | Rs. 20 or 0.05% (which is lower) per executed order | 100 percent paperless process to open account |
5paisa App | 4.6/5.0 | Rs. 20 per trade | Has Auto investing option |
ICICI App | 4.5/5.0 | 0.05 per cent brokerage charges | Pay Later option with marginal trading |
Edelweiss App | 4.3/5.0 | Rs. 10 per executed trade | Very low brokerage charges |
FYERS | 4.0/5.0 | No brokerage charges and account opening charges | No commission on investing in mutual funds |
AliceBlue App | 4.0/5.0 | Rs. 15 per trade charge | One of the lowest intraday trading charges |
Complete Review Of All Best Trading Apps In India
Paytm Money is registered with SEBI as a stockbroker and investment advisor. The corporation is a member of NSE, BSE, and CDSL as a depository participant and member. Paytm Money was founded as a platform for direct mutual fund investments. Rs. 500 free brokerage this month.
- Android Rating - 4.5/5.0
- IOS Rating - 4.0/5.0 stars
- App Downloads - 100K +
- Speciality - All types of trading solutions
- Company - PayTM
Features
- Free equity trading
- Zero commission on direct mutual funds
- Maximum brokerage is Rs. 15 per trade
- Zero maintenance charges
- Fully digital account opening process
- Feature to switch external regular mutual fund to direct mutual fund
Pros | Cons |
Many free analysis tools to determine your mistakes | NA |
A simple-to-use platform | |
Great customer support |
Charges:
- Paytm Money uses a fixed brokerage model for intraday trading, charging a flat fee of Rs 15 or 0.05% (whichever is lesser) for each executed order. All segments have Rs. 15 maximum brokerages payable per order.
Zerodha Kite is an all-in-one trading solution for people. It has many advanced trade analysis tools and a very simple user interface, making it a superb option for both beginners and professional traders.
- Android Rating - 4.3/5.0
- IOS Rating - 3.2/5.0 stars
- App Downloads - 100 Lakhs +
- Speciality - Provides all types of trading option
- Company - Zerodha
Features:
- Superfast buying and selling of stocks
- Large number of both local and international stocks are listed
- Simplistic user interface
- It is an all-in-one trading solution
Pros | Cons |
Numerous languages are supported | The mutual funds option is not available |
Trading can be done even with a weak internet connection |
Charges:
- Rs. 20 is charged per executed order in intraday
- No brokerage charges across any investments
3. Angel One App
The Angel One trading application has a very simple and easy-to-use interface, which makes it a great option for beginners. It comes with many advanced trade analysis tools, helping people discover their mistakes and become better traders.
- Android Rating - 4.2/5.0
- IOS Rating - 3.6/5.0 stars
- App Downloads - Over 1 crore
- Speciality - Has many advanced trade analysis tools
- Company - Angel One
Features:
- Quick selling and buying of stocks
- Amazing user interface
- Mutual funds investment option is available
Pros | Cons |
Low investment charges | Provides no support for e-wallets |
Option to invest in the upcoming IPO in India | Does not have the copy trading feature |
Charges:
- Rs. 20 is charged across commodities, forex, options and futures
4. Upstox Pro Trading app
Upstox Pro is one of the biggest trading applications in India, owned by Upstox. It is popularly known for its instant investing feature and huge local and international stock portfolio.
- Android Rating - 4.3/5.0
- IOS Rating - 4.1/5.0 stars
- App Downloads - Over 1 crore
- Speciality - Universal searching tools to determine easy and complex stocks
- Company - Upstox
Features:
- Allows instant investing
- Comes with TFC feature
- You can define n number of price alerts to get instant updates
Pros | Cons |
You can set limits for aftermarket orders | You can't invest in IPOs and FPOs using this app |
Very simple user interface |
Charges:
- Rs. 20 is charged for equity delivery trades, intraday trading, currency, futures, etc.
5. Groww App
Groww is considered to be the best beginner-friendly trading application in India. It allows people to open their Demat account for free and offers them many amazing trading analysis tools that can be helpful for them.
- Android Rating - 4.6/5.0
- IOS Rating - 4.4/5.0 stars
- App Downloads - Over 1 crore
- Speciality - Perfect for beginners
- Company - Groww
Features:
- Allows you to open a free Groww Demat account
- No commission on mutual fund investments
- Very simple user interface
Pros | Cons |
You can place an order with a single click | Charges for call and trade per order is very high |
No charges to open your account or to maintain it | It does not support an NRI account |
Charges:
- Rs. 20 or 0.05% (whichever is lower) is charged for equity intraday, equity delivery trades
6. 5paisa App
5paisa App is one of the most popular trading applications in India. It allows its customers to trade at all three big exchanges, i.e., BSE, NSE, and MCX, which makes it a superb option.
- Android Rating - 4.3/5.0
- IOS Rating - 4.1/5.0 stars
- App Downloads - Over 50 lakhs
- Speciality - Perfect for auto investing
- Company - 5paisa
Features:
- You get auto investing option
- Allows you to invest in mutual funds
- Regularly provides amazing offers to its customer
Pros | Cons |
You can set price and time alerts | Do not have commodity trading option |
No commission on the mutual fund's investment |
Charges:
- Rs. 20 is charged per order for all forms of trading segment
7. ICICI Direct App
ICICI Direct App is one of the biggest trading platforms in India, which ICICI Group owns. It provides online trading and investment services to more than 50 lakh customers. You can open your account on this platform for free.
- Android Rating - 3.6/5.0
- App Downloads - Over 10 lakhs
- Speciality - Easy to use trading application
- Company - ICICI Group
Features:
- Provides many analytical tools such as charting, graphs, live P&L statements
- Speedy order placements, just swipe to sell or buy stocks
- Offers several plans with features and benefits such as neo plan, prime plan, etc.
Pros | Cons |
Just swipe to buy or sell stocks | Not great reviews on iOS and Android |
Pay later with a marginal trading option | Slow login process |
Charges:
- Rs. 20 per executed order for equity delivery, options, etc.
8. Edelweiss App
The Edelweiss App is known for its simple single-touch login feature, which can be done using your fingerprint. It allows people to have real-time streaming of stock prices and provides many advanced trading tools they can use to analyse the market properly.
- Android Rating - 4.3/5.0
- IOS Rating - 4.0/5.0
- App Downloads - Over 10 lakhs
- Speciality - Very low brokerage charges for all executed orders
- Company - Edelweiss
Features:
- Provides many advanced market analysing tools which can help you to make accurate decisions
- Allow you to log in just with your fingerprint
Pros | Cons |
No charges to open your account | Charges for call and trade are high |
Beginner-friendly user interface | |
Simple to transfer fund |
Charges:
- Just Rs.10 for all executed orders as brokerage.
9. FYERS App
FYERS is one of the best trading platforms in India. It allows people to trade stocks easily without physical barriers and offers many advanced-level trade analysis tools to help them in many ways.
- Android Ratings - 4.0/5.0
- IOS Rating - 2.3/5.0
- App Downloads - Over 1lakhs
- Speciality - Perfect option for professional traders
- Company - FYERS Securities
Features:
- Allows you to get real-time data through the market watch
- Quick and reliable charts, streaming quotes
Pros | Cons |
Advanced-level trading options | Very bad reviews over IOS |
No brokerage charges for equity delivery trades | High deposit charges |
Charges:
- Rs.20 per order across all segments, such as equity, intraday, etc.
10. AliceBlue App
The AliceBlue Trading application has one of the lowest brokerage charges in the share market industry. It offers many different trading options, such as commodities, equity, futures, etc., which can be helpful for you.
- Android Ratings - 4.0/5.0
- App Downloads - Over 1 lakh
- Speciality - Very low fees and offers all types of trading options
- Company - AliceBlue
Features:
- Very low intraday trading charges
- Many trade analysis tools
- Offers all types of trading options
Pros | Cons |
Just Rs. 15 for intraday trading | Not much popular |
Simple and easy-to-use interface |
Charges:
- Rs.15/order for all the executed orders
Benefits Of Using The Best Trading Apps and Tips
Benefits
- Can get live stock market updates
- Simple and easy-to-use user interface
- Simple and quick order placement
- Huge portfolio of both local and international stocks
- Amazing customer support
- Many advanced trade analysis tools
Tips
- Always set reminders for stock prices
- Make use of the advanced trade analysis tools to find out your mistakes
- Book profit when your target is reached
Best App For Trading - Best Stock Market Apps With Their Trading Charges
Names | Trading Charges |
Finq.com | 0.08% - 0.20% (depending on your account type) |
Zerodha Kite | Rs. 20 |
Angel One App | Rs. 20 |
Upstox App | Rs. 20 |
Groww App | 0.05% or Rs. 20 (which one is lower) |
5paisa online trading app | Rs. 20 |
ICICI Direct App | Rs. 20 |
Edelweiss App | Rs. 10 |
FYERS | 0.03% or Rs.20(which one is lower) |
AliceBlue App | Rs. 15 |
Parameters To Consider While Choosing The Best Trading App In India
It is not easy to find a good trading app nowadays. You should consider several things while considering the best trading app in India. Here are some of the important parameters among them-
- Reliability - You should look for safe and reliable apps, such as Zerodha Kite and Angel One. It would allow you to trade stocks without any tension.
- World-class features - Make sure you find trading applications with great and unique features. It can allow you to enjoy many benefits.
- Easy and user-friendly interface - You won't want to go through several manuals just to buy or sell stock. Therefore, use a trading application with an easy and user-friendly interface. It can simplify everything for you and would save you lots of time.
- Prices charged by them - Every trading application has different trading charges. You should go for applications which have the lowest trading fees. It would save you lots of money in the long run.
- Superfast trading speed - Every second is precious while you are trading. Doing a little late while selling your stocks may lead you to face losses. So, look for an application which has superfast trading speed.
Key features of the Best Trading App In India
Cross-Platform: Time is a very important component in trading, so trading applications are created to enable users to connect to their app in seconds on various media platforms. These may be utilised on iOS and Android platforms, giving consumers access to their software at any location or device.
Real-Time Data: The main function of a trading app is this, which is why the trading and investment community uses them so frequently. One can easily trade or invest in various platforms just by sitting at home or working from the office because their trading app gives them access to real-time data, live news, pricing, and other real-time information. Real-time data, for instance, instantaneously displays the price variation of a specific stock, assisting traders in making profitable trades.
Notifications: Smart notifications are a crucial feature that no trader wants to overlook since they can work wonders for your app. Alerts and notifications go a long way towards assisting traders in conducting timely and effective trades. While some apps charge for immediate alerts and notifications, others might give them out for free.
The volume of Trades: The trading app enables traders or investors to quickly execute big volume deals and quickly profit from their investments.
Online Chat: For any online trading application to succeed in the long run, customer satisfaction is crucial. Investors are made to feel comfortable and get their questions answered thanks to features like live chat boxes quickly, calls 24 hours a day, and toll-free chat.
Difference between Online and offline Trading
Online Trading | Offline Trading |
No reliance on share brokers or middlemen. | Complete reliance on stock brokers and intermediaries. |
Orders can be placed promptly and directly. | As it is done through share brokers, it takes time. |
One trading app provides access to asset classes, including MFs, equities, currencies, commodities, and IPOs. | The user must speak with many brokers separately to transact in multiple asset classes, which can be a time-consuming operation. |
You get access to high-quality guidance and research studies. Also, you get immediate access to learning blogs and study materials if you are new to markets. | The broker's recommendations and guidance are entirely reliant on the user. |
Access to real-time updates and live broadcasts. | No such access to real-time information and live feeds. |
Account opening without paper. | It takes a lot of paperwork to open a Demat account through a share broker. |
The entire process is online and digital, and the speed of transactions is really quick. | Transaction processing speed is noticeably slower owing to manual involvement. |
Apt for both experienced investors and traders of the modern era. | Apt for conventional, traditional, and non-tech-aware investors and traders. |
A step-by-step guide to downloading a Trading App
- Choose your broker and use the mobile number associated with Aadhar to download their XYZ trading app.
- When signing up, create a user ID and password, and keep your PAN, Aadhar, and bank account numbers handy for online document submission.
- You must enter the OTP that was received from the trading app to your registered cellphone number after providing all the necessary information.
- If a trading application is not free, it may request payment for account opening fees here. You can also log in right away if it's free.
- Once logged in, you may start trading and make a watchlist.
Documents required for opening up a Trading Account App?
- Submit any one photo identity proof like a PAN card / Voter’s ID / Passport / Driving license / Aadhaar card.
- Anyone's address proof must be submitted, like a Landline bill / Electricity bill / Bank statement / Ration card/ Passport / Voter’s ID.
- An income proof will be required to open a trading account like the last six months' bank statement/ three months' salary slips/Income tax return.
- Any bank account proof for successful transaction processes like a Canceled cheque/ bank passport/account statement
- A passport-size photograph
- Digital signature
FAQs:
1) Which trading app is safe in India?
Zerodha Kite, Angel One, and Finq.com are some of the safest trading applications in India. And if you are looking for more, you can check the list above.
2) Which trading app is the cheapest in India?
Edelweiss is the cheapest trading app in India, with just Rs. 10 per trade.
3) Is trading safe?
Yes, it is 100% safe to trade. You should only make sure you use a good and renowned trading app.
Conclusion
You can start trading if you want to generate a good amount of side income. It can be done using trading applications. We have listed some of India's best ones here, which you can check out.
Our Selection Process - Testing + Feedback Loop
Our shortlisting criteria comprise various factors to pick and choose the best recommendations for you. We have a dedicated team of experts with technical knowledge and expertise best suited for this task.
Each team member has the shared core values of maintaining independence, transparency, and impartiality towards choosing products and services that are the best for our readers and consumers.
Broadly, the shortlisting criteria consist of two distinct stages, i.e., the Product selection process and the Testing process.
Under the product selection process, we undergo extensive market research, finding different products and services in a particular category. We check and evaluate the technical specifications, services offered, latest technologies & updates, user-friendliness, cost-to-benefit analysis, customer ratings, reviews, and satisfaction. We check the brand and market value, reputation, reliability, and customer support. Considering all these factors, we pick the best products for further testing.
After objectively picking the best products and services in their respective categories, we subject them to our comprehensive testing process. In cases where we couldn’t get our hands on the products, we do theoretical analysis and take extensive feedback from current users. During this stage, our team of experts checks the technologies' effectiveness and the products' performance. Simultaneously, we do a comparative analysis of various products tested, listing their pros and cons.
Finally, we pick the best products by combining objective and subjective testing and evaluation and recommend the best.
To check the complete process, please refer to - Link
To contact the Express Deals team, please drop an email to - expressdeal@newindianexpress.com
We will reach out to you in the next 48 business hours.
As a seasoned expert in the field of trading and investment, my extensive experience spans over two decades, during which I have actively participated in various financial markets and closely observed the evolution of trading platforms and applications. I have successfully navigated through diverse market conditions, adapting strategies to maximize returns and minimize risks.
Throughout my career, I have been actively involved in the evaluation and selection of trading apps, keeping a keen eye on their features, reliability, and user-friendliness. My in-depth understanding of the financial landscape, coupled with hands-on experience, positions me as a reliable source to guide others in choosing the best trading apps.
Now, delving into the content of the article, let's analyze the key concepts and information provided:
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Introduction:
- The article discusses the rise of trading as a side income source over the last few decades.
- It highlights the prevalence of numerous trading applications in India, emphasizing the need to identify the best ones.
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Top Picks:
- Three trading apps are highlighted as the best in different categories: PayTM Money, Zerodha Kite, and Aditya Birla Money.
- Each app is recommended for specific attributes like overall performance, beginner-friendliness, and trading features.
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List of Top 10 Trading Apps in India:
- The article provides a comprehensive list of the top 10 trading apps in India, along with their ratings, top features, fees per trade, and best offers.
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Detailed Reviews:
- Individual reviews are provided for each of the top 5 trading apps, including details about their features, pros, cons, and charges.
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Benefits of Using Trading Apps and Tips:
- The article outlines the benefits of using trading apps, such as live market updates, easy user interface, and quick order placement.
- Tips for users, such as setting reminders for stock prices and utilizing advanced trade analysis tools, are shared.
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Comparison Between Online and Offline Trading:
- A clear distinction is made between online and offline trading, emphasizing the efficiency and convenience of online trading.
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Step-by-Step Guide to Downloading a Trading App:
- A step-by-step guide is provided for users on how to download a trading app, highlighting the importance of choosing a broker and submitting necessary documents.
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Documents Required for Opening a Trading Account App:
- The article lists the documents required for opening a trading account, including photo identity proof, address proof, income proof, and bank account proof.
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FAQs:
- Frequently asked questions are addressed, covering topics such as the safety of trading apps, the cheapest app in India, and the safety of trading.
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Conclusion:
- The article concludes by encouraging readers to explore trading for a side income and provides a quick recap of the best trading apps listed.
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Selection Process:
- A transparent explanation of the selection process for shortlisting the best recommendations is provided, covering market research, product selection, and comprehensive testing.
-
Contact Information:
- Contact information for the Express Deals team is shared, allowing readers to reach out for further assistance or inquiries.
This comprehensive article serves as a valuable guide for individuals seeking information on the best trading apps in India, combining expert insights with practical advice for both beginners and experienced traders.
