Looking for investing, but unsure about how to begin? The interest in Online trading apps is increasing rapidly in India, many trading mobile applications help in investing in mutual funds, stocks, and other financial services.
According to the reports, Active traders on stock exchanges in India hit 1.2 crores in FY 22. With the growing popularity in the internet, the number of users is getting increase every year.
In the competitive industry there are many mobile apps available in the stores, but knowing the best-performing trading mobile apps will help you in investing better. Here we have covered the top Trading apps in India that are popularly used by people.
10 Best Trading Apps in India
- Kite by Zerodha
- Groww
- 5 Paisa
- Angle One
- Motilal Oswal
- IIFL Markets
- Upstox
- Paytm Money
- Kotak Securities
- Sharekhan
- WazirX
- Zebpay
- Unocoin
Kite by Zerodha
Zerodha Kite is one of the popular Trading mobile apps. Available in both iOS and Android Platform. In regard to trade it is considered the best trading mobile application. Some of its key features are,
– Quick Trading
– Easy User-interface
– Real-time market analysis
– Easy fund overflow
– Suitable for all tradings
Advantages
- Even with weak network connection the app performs well
- Offers 10 regional languages
- Integration with third party mobile apps
Disadvantages
- IPO investments and Mutual fund options are not available
- Back-office management is separate
Groww
Groww is one of the top Trading mobile apps, that allows users to create a free Demat account. Providing trade stocks at very low brokerage. Can get higher returns by investing in equity Mutual funds. Some of the features of Groww are,
– With a single click users can place an order
– User can stop or cancel a running SIP
– Portfolio analysis
– Best Customer service
Advantages
- Users can with draw 90% their investments per day
- Options to invest in US stocks, Indian Stocks, Gold and many
- Self directed trading
Disadvantages
- More advanced order options like brackets, cover orders are not available.
5 Paisa
5 Paisa is a well-known trading mobile app in India that allows people to trade in stocks, mutual funds, derivatives and more. It provides the ability for the customers to trade easily and it is well-known for its honest pricing. Some of its key features are,
- One of the best mobile trading platforms
- Easy and quick account opening process
- Zero Brokerage
- More advanced analytics and charts
- Access to insurance and mutual funds
Advantages
- No brokerage on equity delivery
- Low-cost trading
- Real-time data and reports
- More user-friendly interface
- Customizable alters with multiple order types
Disadvantages
- Charges applicable for F&O trading and Intraday trading
- Need improved customer service
- Offering only limited offline access
Angle One
Angel One is One of the top Trading companies that is known for its low-cost brokerage. For the first 30 days, it has zero cost on brokerage for intraday, commodities, and F&O. And for the first year, it charges zero account maintenance. With the help of Angel One people can invest in IPOs, stocks, mutual funds, US stocks, and many other things. Key features of Angel One are,
Comprehensive investment platform and trading
– User-friendly app
– More robust advisory services and research
– For offline support, it provides a wide network
Advantages
- Detailed research reports
- Access to mutual funds and IPO
- Dedicated relationship managers
- Physical branches make their presence strong
- Provides multiple trading platforms
Disadvantages
- For some kinds of traders, the brokerage charges can be high.
- May not be recommended for low-budget investors.
- More complex fee structure
Motilal Oswal
Motilal Oswal provides extra ordinary reports and research. It is an ideal platform for wealth management and trading. Providing several investment options with investment suggestions and research-backed calls. A platform for the beginners to learn about the market. Key features of Motilal Oswal are,
– Wide range of product offerings
– More advanced trading platform
– Advisory services
– Comprehensive researches
– Robust mobile app
– Access to management services
Advantages
- Strong market analysis and research
- High-quality trading platforms and tools
- Highly dedicated customer support
- Various financial services presence
Disadvantages
- Higher brokerage charges
- Low brokerage charges on small traders
IIFL Markets
IIFL markets app helps in investing in many financial sectors. India Infoline allows users to invest in various equities like commodities, derivatives, IPO and many other markets. Some of the key features of IIFL Markets app are,
Online trading with analysis and research
More diversified financial service offering
Various trading platforms
Access to IPOs and mutual funds
Advantages
- Multiple trading platforms
- Wide range of financial services
- Advisory services research
- Offline support
Disadvantages
- Complex fee structure and high brokerage charges
- For frequent traders it is not an cost-effective option
Upstox
Upstox Trading Mobile app is known for its excellent analytical features and simple- to-use interface. One of the best choices for traders because of its ease to use, affordability and wide range of investment options. Some of its key features are,
Advanced charting tools
– Access to commodities and derivatives
– Robust trading platform
– User-friendly application
Advantages
- More advanced analytics tools and charting
- Easy account opening features
- Zero brokerage
- Access to mutual funds and IPOs
Disadvantages
- Charges applicable for F&O trading and Intraday
- Only limited offline presence
- Need improved customer support
Paytm Money
Paytm Money is India’s best trading mobile app. It has lots of more advanced trading tools and charts helping users to trade better. Paytm Money has an easy user-interface.
– Free access to various trade analysis tools
– User-frienldy and simple to use
– Price update notification
– In-app brokerage calculator
– Digital KYC and paperless account creation
Advantages
- To safe-gaurd personal details it offers 2 factor authentication
- Real-time data analysis
- Supported by all smartphones
- Smart notification feature
Disadvantages
- Equity brokerage is not free when compared other top trading apps
- No branch access
Kotak Securities
Kotak Securities is a subsidiary of Kotak Mahindra Bank, it offers various financial services. Have a vast network of branches. It attracts users due to its diversified products, financial stability and research support. Some of its key features are,
– Offering diverse financial products
– User-friendly trading platforms
– Recommendations and research reports.
Advantages
- Advisory services and strong research
- Financial banking services
- Access to mutual funds and IPOs
- Multiple trading platforms
Disadvantages
- High fee structure
- High brokerage chargers
Sharekhan
Sharekhan, One of the best Trading apps, it has strong research reports and wide network branches. User-friendly mobile apps make investments and trading easy. Some of its key features are,
– Research and market analysis
– More investment options
– Various trading platforms
– Access to insurance and mutual funds
Advantages
- Wide branches
- Wealth Management services and advisory
- Recommendations and research reports
Disadvantages
- Fee structure is complex
- Relatively higher broker charges
WazirX
Wazirx considers as best trading apps for Bitcoin and Cryptocurrency in india. It has a super fast KYC process, easy to use features and a very strong community. It is one of the trusted platforms in India and provides more detailed reports and insights. Some of its key features are
Trading platform is focused on cryptocurrency and P2P trading platform.
Advantages
- Security features like 2FA (Two factor authentication)
- User-friendly Interface
- Lending and Trading features
Disadvantages
- Uncertainty in the Cryptocurrency market
- Lending and Trading fee depends upon the services
Zebpay
This Zebpay allows users to trade in BAT, Ethereum, Bitcoin and around 150+ cryptocurrencies. One of the best platforms for beginners. Some of its keywords features are,
– User-friendly mobile app
– More secure and relaibale platform
– Integrated with blockchain facilities
Advantages
- Strong user data protection and security
- User-friendly interface
- Variety of cryptocurrencies
- INR transaction options
Disadvantages
- Only limited trading options
- More trading charge
Unocoin
Unocoin is a A platform for crypto trading and Bitcoin. One of the trusted platform for users. It allows users to trade through cryptocurrency. Some of its key features are,
– Trading in a easy way
– Allows users to top-up wallets with the help of Bitcoin
– Pan-India Presence
Advantages
- INR Transaction options
- User-friendly mobile app
- SIP and investments options for long term
- Good customer support
Disadvantages
- Only Bitcoins and Cryptocurrency
- Less focus on Cryptocurrency
- Only limited trading features
Listed above are some of the Top 10 Trading apps in India. If you are looking to develop a Trading app, reach Smarther- One of the best Mobile app development company and customize your app requirement.
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