In recent decades, trading has emerged as a lucrative avenue for generating a side income, and with the rise of technology, trading apps have become indispensable tools for both beginners and experienced investors. This comprehensive guide explores the top 10 trading apps in India for 2023, providing insights into their features, fees, and unique offerings.
Table of Contents
Top 10 Trading Apps in India 2023
1. PayTM Money
Rating: 5.0/5.0
Top Features:
- Zero commission on direct mutual funds
- Easy-to-use interface
- Advanced trade analysis tools
Fees:
- Rs. 15 per trade
Best Offers:
- Rs. 500 free brokerage this month
2. Zerodha Kite
Rating: 5.0/5.0
Top Features:
- All stock trading options
- Free equity delivery
- Zerodha Referral and Earn: Flat 10% Brokerage + Extra 300 Reward Points
Fees:
- Rs. 20 per trade
3. Angel One
Rating: 5.0/5.0
Top Features:
- Rapid buying and selling of stocks
- Free Demat Account
Fees:
- Rs. 20 per trade
4. Upstox App
Rating: 4.7/5.0
Top Features:
- Best for instant investing
- Sign Up Offer: Sign up for Free and start your investing journey today
Fees:
- Rs. 20 per trade
5. Groww App
Rating: 4.6/5.0
Top Features:
- Perfect for beginners
- Mutual Funds Offer: Get Up to 65% back on your mutual fund investment
Fees:
- 0.05% or Rs. 20 (whichever is lower)
6. 5paisa App
Rating: 4.6/5.0
Top Features:
- Auto investing option
- 5paisa IPO Offer: 30 days Power Investor Subscription Free
Fees:
- Rs. 20 per trade
7. ICICI Direct App
Rating: 4.5/5.0
Top Features:
- Pay Later with marginal trading
Fees:
- Rs. 20 per trade
8. Edelweiss App
Rating: 4.3/5.0
Top Features:
- Advanced trade analysis tools
Fees:
- Rs. 10 per trade
9. FYERS
Rating: 4.0/5.0
Top Features:
- One of the lowest trading fees
- Free Account Opening
Fees:
- 0.03% or Rs. 20 (whichever is lower)
10. AliceBlue App
Rating: 4.0/5.0
Top Features:
- Just Rs.15 for intraday trading
- Special offer: Trade brokerage-free equity delivery
Fees:
- Rs. 15 per trade
Comparison Between Apps
Paytm Money
- Ratings: 5.0/5.0
- Charges: Rs. 500 free brokerage this month
- Unique Features: Many free trade analysis tools and pending bonuses on trading volumes
Zerodha Kite
- Ratings: 5.0/5.0
- Charges: No charges for equity delivery
- Unique Features: It is an all-in-one trading solution
Angel One
- Ratings: 5.0/5.0
- Charges: No charges for trade across any segment
- Unique Features: Perfect option for beginners
Upstox App
- Ratings: 4.8/5.0
- Charges: Rs. 20 for per executed orders
- Unique Features: Advanced charting tools with over 100 technical indicators
Groww App
- Ratings: 4.6/5.0
- Charges: Rs. 20 or 0.05% (whichever is lower) per executed order
- Unique Features: 100 percent paperless process to open an account
5paisa App
- Ratings: 4.6/5.0
- Charges: Rs. 20 per trade
- Unique Features: Has Auto investing option
ICICI Direct App
- Ratings: 4.5/5.0
- Charges: 0.05 per cent brokerage charges
- Unique Features: Pay Later option with marginal trading
Edelweiss App
- Ratings: 4.3/5.0
- Charges: Rs. 10 per executed trade
- Unique Features: Very low brokerage charges
FYERS
- Ratings: 4.0/5.0
- Charges: No brokerage charges and account opening charges
- Unique Features: No commission on investing in mutual funds
AliceBlue App
- Ratings: 4.0/5.0
- Charges: Rs. 15 per trade charge
- Unique Features: One of the lowest intraday trading charges
Complete Review Of All Best Trading Apps In India
1. PayTM Money
Paytm Money is registered with SEBI as a stockbroker and investment advisor, offering a fully digital account opening process. With a user-friendly interface, Paytm Money provides zero commission on direct mutual funds and charges a maximum brokerage of Rs. 15 per trade. Users benefit from free equity trading and an array of free trade analysis tools. The platform also allows the switch from external regular mutual funds to direct mutual funds.
Pros:
- Many free analysis tools to determine mistakes.
- Simple-to-use platform.
- Great customer support.
Cons:
- Not applicable.
Charges:
- Fixed brokerage model: Rs. 15 or 0.05% per executed order.
2. Zerodha Kite
Zerodha Kite stands out as an all-in-one trading solution with a simplistic user interface. It provides superfast buying and selling of stocks and supports numerous languages. Zerodha Kite charges Rs. 20 per executed order for intraday trading and has no brokerage charges across any investments.
Pros:
- Supports multiple languages.
- Trading even with a weak internet connection.
Cons:
- Mutual funds option not available.
Charges:
- Rs. 20 per executed order in intraday.
3. Angel One App
Angel One trading app boasts a simple and easy-to-use interface, making it an ideal choice for beginners. With rapid buying and selling of stocks, Angel One charges Rs. 20 per trade across commodities
, forex, options, and futures. Additionally, it offers a free demat account.
Pros:
- Low investment charges.
- Option to invest in upcoming IPOs in India.
Cons:
- Provides no support for e-wallets.
- Does not have the copy trading feature.
Charges:
- Rs. 20 per trade across various segments.
4. Upstox Pro Trading app
Upstox Pro, owned by Upstox, is renowned for its instant investing feature and a vast portfolio of local and international stocks. With features like TFC and the ability to set limits for aftermarket orders, Upstox Pro charges Rs. 20 for equity delivery trades, intraday trading, currency, futures, etc.
Pros:
- Allows instant investing.
- Simple user interface.
Cons:
- Cannot invest in IPOs and FPOs using the app.
Charges:
- Rs. 20 for various forms of trading segments.
5. Groww App
Groww is a beginner-friendly trading application that allows users to open a free Demat account. With no commission on mutual fund investments, Groww charges Rs. 20 or 0.05% (whichever is lower) for equity intraday and delivery trades.
Pros:
- No charges to open or maintain an account.
- One-click order placement.
Cons:
- Charges for call and trade per order are high.
- Does not support an NRI account.
Charges:
- Rs. 20 or 0.05% per executed order for various trading segments.
6. 5paisa App
5paisa App stands out with its auto-investing option, allowing users to invest in mutual funds without commissions. With regular offers for customers, 5paisa charges Rs. 20 per order for all forms of trading segments.
Pros:
- Auto investing option.
- No commission on mutual fund investments.
Cons:
- Does not have commodity trading option.
Charges:
- Rs. 20 per order for all trading segments.
7. ICICI Direct App
As one of the largest trading platforms in India, ICICI Direct App offers a user-friendly interface with features like real-time analytical tools and pay later with marginal trading. Charging Rs. 20 per executed order for equity delivery, options, etc., it provides various plans with different features and benefits.
Pros:
- Swipe to buy or sell stocks.
- Pay later with a marginal trading option.
Cons:
- Slow login process.
- Not great reviews on iOS and Android.
Charges:
- Rs. 20 per executed order for various trading segments.
8. Edelweiss App
Edelweiss App is recognized for its simple single-touch login feature and low brokerage charges. With advanced market analyzing tools, Edelweiss charges just Rs. 10 for all executed orders as brokerage.
Pros:
- No charges to open an account.
- Beginner-friendly user interface.
Cons:
- Charges for call and trade are high.
Charges:
- Rs. 10 for all executed orders.
9. FYERS App
FYERS offers advanced-level trading options with real-time data through the market watch. Charging Rs. 20 per order across all segments, it is a perfect option for professional traders.
Pros:
- Advanced-level trading options.
- No brokerage charges for equity delivery trades.
Cons:
- Very bad reviews over IOS.
- High deposit charges.
Charges:
- Rs. 20 per order across all trading segments.
10. AliceBlue App
AliceBlue Trading application boasts one of the lowest brokerage charges in the share market industry. With charges of just Rs. 15 for intraday trading, it offers a simple and easy-to-use interface.
Pros:
- Very low intraday trading charges.
- Simple and easy-to-use interface.
Cons:
- Not much popular.
Charges:
- Rs. 15 per order for all executed orders.
Benefits Of Using The Best Trading Apps and Tips
Benefits
- Live Stock Market Updates: Access real-time stock market updates, enabling informed decision-making.
- User-Friendly Interface: Enjoy a simple and easy-to-use interface for quick order placement.
- Quick Order Placement: Execute trades swiftly and efficiently.
- Diverse Portfolio: Access a vast portfolio of both local and international stocks.
- Customer Support: Benefit from responsive and reliable customer support.
- Advanced Trade Analysis Tools: Utilize sophisticated tools for in-depth market analysis.
Tips
- Set Reminders for Stock Prices: Stay alert to market changes by setting reminders for stock prices.
- Utilize Trade Analysis Tools: Make the most of advanced trade analysis tools to identify mistakes and refine your strategy.
- Book Profit at Target: Discipline yourself to book profits when your target is reached.
Best App For Trading – Best Stock Market Apps With Their Trading Charges
Names and 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 (whichever is lower)
- 5paisa online trading app: Rs. 20
- ICICI Direct App: Rs. 20
- Edelweiss App: Rs. 10
- FYERS: 0.03% or Rs.20 (whichever is lower)
- AliceBlue App: Rs. 15
Parameters To Consider While Choosing The Best Trading App In India
It is essential to consider several parameters when selecting a trading app:
- Reliability: Opt for safe and reliable apps like Zerodha Kite and Angel One.
- World-Class Features: Choose apps with unique and beneficial features.
- User-Friendly Interface: Opt for apps with easy and user-friendly interfaces.
- Pricing: Select apps with the lowest trading fees.
- Superfast Trading Speed: Prioritize apps with high-speed transaction processing.
Key Features of the Best Trading App In India
- Cross-Platform Compatibility: Accessible on both iOS and Android platforms for seamless trading.
- Real-Time Data: Provides real-time updates, live news, and pricing information.
- Notifications: Offers smart notifications and alerts for timely and effective trades.
- Volume of Trades: Facilitates the execution of large volume deals.
- Online Chat: Ensures excellent customer support with features like live chat.
Difference Between Online and Offline Trading
Online Trading
- No reliance on share brokers or middlemen.
- Orders can be placed promptly and directly.
- One trading app provides access to various asset classes.
- Access to real-time updates and live broadcasts.
- Entire process is online and digital.
Offline Trading
- Complete reliance on stock brokers and intermediaries.
- Takes time to place orders through brokers.
- Limited access to asset classes without the convenience of a single platform.
- Updates are slower and might not be in real-time.
- Transactions involve more paperwork and physical presence.
Conclusion
In the dynamic landscape of the Indian stock market, choosing the right trading app is pivotal for success. Each app comes with its unique features, charges, and benefits, catering to different investor preferences. Whether you are a seasoned trader or a beginner, understanding your trading style and preferences is crucial in selecting the app that aligns with your financial goals.
Before making a decision, carefully evaluate the features, charges, and user reviews of each app. Consider your comfort with technology, the frequency of trading, and the level of customer support you desire. Additionally, stay informed about market trends and leverage the advanced tools provided by these apps for a more strategic approach to trading.
