Top 10 Best Trading Apps In India: 2023 Edition
If you're interested in investing, but don't know where to start? There are several online trading apps that can help you invest in stocks, mutual funds, commodities, and other financial instruments.
However, with so many options available today, deciding which app is best for trading can be challenging.
From user-friendly interfaces to low fees, we have compiled a list of the best trading apps for beginners.
- 5Paisa
- Angel One
- Motilal Oswal
- IIFL Markets Mobile App
- Upstox Trading App
- Kotak Securities
- Sharekhan
- wazirX
- Zebpay
- Unocoin
Depending on your convenience, you can pick the ideal option for your needs and start investing or trading in trading platform in India.
1. 5 Paisa
This discount broker in India allows you to trade in mutual funds, stocks, derivatives, currencies, and more. It offers fair and honest pricing, and its app or browser version makes trading easy.
Key Features
Robust mobile trading platform.
Zero brokerage on equity delivery trades.
Tools and analytics for advanced charting.
The process of opening an account is quick and easy.
Access to mutual funds and insurance.
Pros
Trading with no brokerage fees on equity delivery.
User-friendly interface.
Options for a wide range of investments.
Real-time market data and research reports.
Customizable alerts and multiple order types.
Cons
Charges apply on intraday and F&O trading.
Limited offline presence.
In some cases, customer service can be improved.
5 Paisa Trading App charges
Demat charges start at Rs. 12.5 per scrip.
The brokerage fee starts at Rs. 10 per transaction.
Regulatory charges, as mentioned on the website.
Return on FMPP of 15%
2. Angel One
There is no cost on brokerage, intraday, F&O, commodities, or account maintenance for the first 30 days with AngelOne's low-cost brokerage services.
This platform allows you to invest in stocks, IPOs, F&Os, commodities, mutual funds, and even US stocks.
Key Features
Comprehensive trading and investment platform.
Research and advisory services that are robust.
Wide network of branches for offline support.
A mobile app that is easy to use.
Offers various trading segments, including commodities and forex.
Pros
Extensive research reports and recommendations.
Relationship managers who are dedicated to their clients.
Access to IPOs and mutual funds.
For different needs, there are multiple trading platforms.
Strong presence with physical branches.
Cons
For some traders, brokerage charges can be high.
Complex fee structure for various services.
Investing on a budget may not be a good idea.
Charges of Angel One Trading App
Brokerage charges - 0% on investments, Rs. 500 or Rs. 20 per executed order, or 0.03% for intraday trading.
Futures & Options, Currency, and Commodities prices apply.
Regulatory and Statutory Charges apply, as mentioned on the website.
Explore: Best Peer to Peer lending platforms in India
3. Motilal Oswal
For trading and wealth management services, Motilal Oswal offers a wide range of investment options, including research-backed calls and investment suggestions. Motilal Oswal is renowned for its outstanding research and reports into the financial markets. Its simplicity makes it ideal for beginners and those interested in learning more about the market.
Key Features
Advisory and research services of the highest quality.
Offering a wide range of products, including PMS and AIFs.
Advanced trading platforms.
Trading on-the-go made easy with a robust mobile app.
Access to wealth management services.
Pros
Research and analysis of the market are strong.
High-quality trading tools and platforms.
Dedicated customer support.
Offering a variety of financial services.
Investment options beyond traditional equity.
Cons
Brokerage charges can be relatively higher.
The minimum brokerage charge for small trades.
Charges of Motilal Oswal Trading App
Fees for intraday and futures trading are 0.02%.
0.20% Delivery.
The price for Options (Equity & Currency) is Rs. 20 per lot.
The website mentions additional charges.
4. IIFL Markets Mobile App
India Infoline, or IIFL, is a diversified financial services provider that offers a variety of investment options. With IIFL Securities, you can invest in equities, derivatives, commodities, initial public offerings, and other markets, as well as research and news.
Key Features
Diversified financial services company.
Online trading with research and analysis.
Multiple trading platforms.
Mutual funds and initial public offerings are available.
Pros
Wide range of financial services.
You can choose from a variety of trading platforms.
Offline support through branches.
Research and advisory services.
Cons
A complex fee structure and high brokerage charges.
For frequent traders, it may not be the most cost-effective option.
Charges of IIFL Markets Mobile App
Equity delivery of 0.25 percent.
Intraday, 0.025%.
Futures are subject to a 0.025% commission.
Rs. 25 per lot on options.
Additional charges as mentioned on the website.
5. Upstox Trading App
A prominent name in discount brokerages, Upstox is known for its easy-to-use interface and excellent analytical features. As a result of its affordability, ease of use, and wide range of investment opportunities, we selected it for our list.
Key Features
Robust trading platform with real-time data.
Access to derivatives and commodities.
Comprehensive charting tools.
User-friendly mobile app.
Pros
Advanced charting and analysis tools.
Fast and easy account opening.
Access to IPOs and mutual funds.
Zero brokerage on equity delivery.
Cons
Charges apply for intraday and F&O trading.
Customer support can be improved.
Limited offline presence.
Charges of Upstox Trading App
Brokerage fee of 0 rupees.
Rs. 20 for intraday equity, F&O, Currency and Commodity.
On equity delivery, you will receive Rs. 20 or 2.5%, whichever is less.
Additional charges as mentioned on the website.
6. Kotak Securities
Kotak Securities provides strong financial backing as a subsidiary of Kotak Mahindra Bank. Kotak Securities excels in research and has a large branch network, which makes it a well-rounded option for traders because of its financial stability, research support, and diversified product offerings.
Key Features
A subsidiary of Kotak Mahindra Bank.
Diverse financial product offerings.
Reports and recommendations based on research.
User-friendly trading platforms.
Pros
Strong financial backing.
Research and advisory services are extensive.
Access to IPOs and mutual funds.
Multiple trading platforms.
Branch network with a wide range of locations.
Cons
Brokerage charges can be relatively higher.
Minimum brokerage charges on small trades.
Complex fee structure for various services.
Kotak Securities Trading App charges
Rs. 0 brokerage on mutual funds and IPO.
Rs. 0 brokerage on all intraday trades.
Detailed plans: Trade Free Plan, Trade Free Max, and Trade Free Youth, depending on features and plan chosen.
Detailed pricing plans and charges as mentioned on the website.
7. Sharekhan
The first broker in the business, Sharekhan has a vast network of branches and strong research reports, making it a popular choice for several investors.
Key Features
Diverse investment options.
Research and market analysis tools.
There are multiple trading platforms available.
Access to mutual funds and insurance.
Pros
Reports and recommendations based on extensive research.
Wide network of branches.
Beyond equities, there are investment opportunities.
Services related to wealth management and advisory.
Cons
Brokerage charges can be relatively higher.
Complex fee structure.
The UI and charts aren't as intuitive as the newer investment apps.
Charges of Sharekhan Trading App
Equities require a minimum brokerage of 10 paise per share.
On the site, there is a detailed structure for Futures and Options, as well as intraday trading.
8. WazirX
The WazirX platform is a top trading platform for cryptocurrency and Bitcoin. It provides comprehensive insights and reports to help make informed decisions and is a trusted platform in India for crypto investments.
Key Features
Trading platform focused on cryptocurrencies.
Wide range of cryptocurrencies supported.
INR deposits and withdrawals via a P2P trading platform.
Pros
P2P platform for easy INR deposits and withdrawals.
Staking and lending features for passive income.
Security features like two-factor authentication (2FA).
User-friendly interface for beginners.
Cons
Regulatory uncertainty in the Indian cryptocurrency market.
Trading fees and lending fees apply depending on specific services.
Charges of WazirX Trading App
There is a minimum charge of 0.40% on trading volumes under Rs. 5 lakh, with fees decreasing as trading volumes increase. Fees are based on the plan chosen and the size of the lot.
Prices and minimum order sizes are listed on the website, as well as P2P fees, deposit fees, and withdrawal fees.
9. Zebpay
You can trade Bitcoin, Ethereum, BAT, and 150+ cryptocurrencies on Zebpay, a crypto trading platform. This app is designed for the Indian market, so you can view all prices in INR and make trades while getting tailored insights into the crypto market, making it perfect for beginners.
Key Features
Cryptocurrency exchange with a focus on security.
User-friendly mobile app.
Multiple cryptocurrency trading pairs.
INR deposit and withdrawal options.
Integration with blockchain-based wallets.
Pros
Data protection and security are of utmost importance.
A variety of cryptocurrencies are available for trading.
INR deposit and withdrawal options.
Traders of all levels will find the interface to be user-friendly.
Integration with blockchain wallets for added security.
Cons
Traditional asset trading options are limited.
High trading fees.
There may not be as many features as some international exchanges.
Charges of Zebpay Trading App
For every transaction, you will have to pay a marker fee, a taker fee, an intraday fee, a quick trade fee, a Fiat withdrawal fee, and more.for KYC requirements.
In the event that you do not make any trades during the month, your platform membership fee includes 0.0001 BTC or equivalent.
10. Unocoin
For Bitcoin and crypto trading, Unocoin is the trusted trading platform for Indians since 2013. It allows crypto traders to deposit INR, buy and sell cryptocurrencies, and transfer profits to their bank accounts.
Key Features
An all-in-one solution for buying, selling, exchanging, and lending cryptocurrencies.
Systematic Buying Plans (SBP) for Bitcoin and Ether.
Allows re-charge or top-up wallets using Bitcoin.
Availability of several global cryptocurrencies.
Pan-India presence.
Pros
Specialised in Bitcoin trading.
INR deposit and withdrawal options.
Investment and SIP options for long-term investors.
User-friendly mobile app.
Strong customer support.
Cons
Focused primarily on Bitcoin, with a limited focus on other crypto instruments.
Only for cryptocurrency and Bitcoin.
Trading features are limited compared to international exchanges.
Charges of Unocoin Trading App
0.5% of transactions to buy or sell crypto.
0.0005 – 0.0009 BTC to send or receive Bitcoin.
According to the website, each cryptocurrency has a Maker Fee, Taker Fee, Deposit Fee, and Network Fee.
Invest Better, Smarter with These Trading App
Due to growing financial awareness, India's financial ecosystem is growing rapidly.
People are now exploring a variety of ways to reach their financial goals, from stock trading to peer-to-peer lending. It is always best to research and invest accordingly, even though each financial instrument and plan has its own set of risks and opportunities.
Make an informed choice based on your needs and investment goals.
Comments
Post a Comment