A Beginner’s Guide to the Best Trading Apps in India

A lot of trading platforms are available in India which are suitable for investors with different levels of experience. These apps have made trading simpler than ever before by providing features like educational resources, cost efficiency, real-time data, and customer support. Below is a curated list of the Best Trading Apps in India to help you get started with trading.

Best Trading Apps in India

1. Zerodha Kite Trading App

Zerodha is the primary mobile trading software for the company. The latest Kite 3.0 web platform provides market watch, advanced charting featuring over 100 indicators, and advanced order options such as cover order and good till triggered (GTT) orders. It also offers quick order placements and additional features.

Zerodha has over a crore active clients, which is almost equal to 15% of all Indian retail trading volumes. This app is great for beginners as well as experienced traders and investors because of its strong technological platform.

Advantages 

• Available on iOS and Android platforms.
• User-friendly app designed for beginners.
• There is no brokerage fee for equity delivery trades and mutual funds.

Disadvantages

• You need INR 200 to open an account and the annual account maintenance fee is INR 300. 
• Extra charge for optional trade SMS alerts.
• A separate app for order details that is not linked to the main app.

2. Groww Trading App

Groww uses a simple flat fee pricing structure for its services. The minimum brokerage fee for all segments such as Equity Delivery, Intraday, and F&O is 0.05% of the trade value with a maximum limit of INR 20. To get an accurate estimate of all fees, users can make use of the brokerage calculator provided.

Groww provides free account opening and maintenance services. It gives clients an economical way to access their services such as making trading and Demat accounts at zero cost, with no maintenance fees for the Demat account.

Advantages

• Account opening and maintenance are free of cost.
• Brokerage costs are low.
• Offers a range of features such as live market updates, a portfolio tracker, an SIP calculator, smart alerts, etc.

Disadvantages

• It does not have an option for commodities, derivatives, currency, and bonds. 
• It lacks features like advanced charting tools, technical indicators, historical data, and backtesting. 

3. Dhan Trading and Investing Platform

Dhan is a modern-day app created to provide a simple and user-friendly experience to investors. It tries to offer various features such as real-time data, an intuitive interface, and diverse investment opportunities. 

Advantages

• Offers low brokerage rates.
• It is easy for beginners because of its clean and intuitive design.
• Supports various products like equities, derivatives, and mutual funds.

Disadvantages

• The platform misses some advanced tools and features.
• Certain users have faced difficulties with the responsiveness and efficiency of customer support.

4. Upstox Trading App

Upstox PRO is a famous brokerage app backed by Tiger Global and Indian business tycoon Ratan Tata. The platform allows trading and investing in stocks, currencies, commodities, and mutual funds. It has an easy-to-use interface with live market data and innovative tools. For experienced investors, it also includes advanced features like TradingView and Charts IQ libraries. 

Advantages

• No charges for maintaining or opening accounts. 
• Customize stock watchlists without any restrictions. 
• Allows to set unlimited price alerts for specific stocks. 

Disadvantages

• Charges INR 20 for call and trade orders.
• Does not provide enough research and recommendations.

5. Angel One App 

Angel One provides various features for both beginners and experienced investors and has options such as equity trading, derivatives and mutual funds. This platform is known for its user-friendly interface and is one of the best trading apps. 

Advantages

• Offers educational resources and webinars.
• Provides detailed research reports, market insights, and investment advisory. 

Disadvantages

• Advanced features may incur extra charges.
• Experienced traders may find some features lacking.

6. Motilal Oswal Investor App

Motilal Oswal Securities has built the Motilal Oswal Investor app. It is a leading stock brokerage firm in India, well-known for its innovative tools and user friendly interface. It gives the option to trade in equity, derivatives, commodities, currencies, mutual funds, IPOs, bonds, U.S. equities, etc. 

Advantages

• Gives easy access to charts, portfolios, and upcoming market events.
• No fees for opening an account, advisory services, and research assistance.  

Disadvantages

• High brokerage transaction fees.
• Some unsatisfactory customer service reports.

7. Paytm Money

Paytm Money is one of the best trading apps in India with about 14 million users. It provides the option to invest in equity, mutual funds, and other financial instruments but you can not trade in currency and commodities with Paytm Money.

Advantages

• Gives better security with two-factor authentication.
• Provides mutual fund advisory services.

Disadvantages

• No services for NRI trading accounts. 
• Lack of intraday trading tips and recommendations.

8. Edelweiss Mobile Trading App

Traders prefer the Edelweiss mobile trading app because of its advanced charting features, market analysis tools, and detailed reports. It provides two brokerage options: Lite and Elite. The “Lite” plan is budget-friendly and the “Elite” plan has pervasive features. 

Advantages

• Do not charge any fee for opening and maintaining accounts during the initial year.
• Access to advanced market analysis tools, charts, and reports. 

Disadvantages

• Does not support bracket orders. 
• Basic features come with additional charges in the Lite plan. 

Frequently Asked Questions