The rapid dispersion of smartphones and availability of low-cost data plans, has made the smartphone a great platform for investors to trade in the stock markets. All Stock Brokers have their own trading apps and they continuously updating its features so that it can be considered as Best Trading App in India. For a fast, seamless and profitable trading it is a mandatory thing to choose the best trading app in India and follow some wise trading tips.
Top 14 Online Stock Market Apps
In this Article we have listed top 10 mobile trading apps in India along with their benefits & features, you can check and compare all of them to find out the best online trading app in India. Trade is defined as an exchange of goods and services between two parties. When you buy a product and then sell it at a higher price, it is called trading.
Comparing Top Online Stock Market Apps in 2024
| Tool Name | Best for | Languages supported | Rating |
|---|---|---|---|
| Zerodha Kite | Being an all-in-one stock trading solution. | English, Hindi, Kannada Telugu, Tamil, Malayalam, Marathi, Bengali, Gujarati, Punjabi, Oriya | 5/5 stars |
| Angel Broking | Beginners | English, Hindi, Marathi, Gujarati, Bengali, Kannada | 5/5 stars |
| Upstox Pro App | Instant investing | English and Hindi | 4.8/5 stars |
| Groww App | Plenty of tradable items | English | 4.6/5 stars |
| 5paisa online trading app | Auto investing feature | English, Hindi, Marathi, Gujarati, Telugu, Tamil, Kannada, Bengali | 4.6/5 stars |
| Sharekhan App | Active traders | English | 4.6/5 stars |
| Motilal Oswal Intraday Trading | Active traders | English | 4.6/5 stars |
| Edelweiss Online Trading App | Active traders | English | 4.6/5 stars |
| IIFL Market Trading App | English | 4.6/5 stars | |
| Fyers App | Active traders | English | 4.6/5 stars |
| HDFC Securities | Active traders | English | 4.6/5 stars |
| Stock Edge | Active traders | English | 4.6/5 stars |
| Coinbase | Active traders | English | 4.6/5 stars |
| WazirX | Active traders | English | 4.6/5 stars |
List Of The 14 Best Trading App In India
#1) Zerodha Kite
Best for being an all-in-one stock trading solution.
Android Ratings: 4.2/5 stars
Android Downloads: 50 Lakh +
iOS Ratings: 3.3/5 stars
Kite is the best trading app in India, which is offered by Zerodha. It has over 5 million clients all over India. Kite offers you a wide range of stocks to trade in, through an easy-to-use and extremely beneficial mobile app.
#2) Angel Broking
Best for beginners.
Android Ratings: 4.2/5 stars
Android Downloads: 1 Crore +
iOS Ratings: 3.5/5 stars
Angel Broking is the best stock market app India has. Founded in 1987, it has about 1.4 million active customers today. You can get a ready-made curated portfolio or get it managed by experts.
#3) Upstox Pro App
Best for instant investing.
Android Ratings: 4.4/5 stars
Android Downloads: 1 Crore +
iOS Ratings: 4.2/5 stars
#4) Groww
Best for plenty of tradable items.
Android Ratings: 4.3/5 stars
Android Downloads: 1 Crore +
iOS Ratings: 4.5/5 stars
Groww app is the best trading app in India. The option of trading in gold, stocks, fixed deposits, and more at the same time is the reason for its popularity.
#5) 5paisa Online Trading App
Best for auto investing feature.
Android Ratings: 4.2/5 stars
Android Downloads: 50 Lakh +
iOS Ratings: 4/5 stars
5paisa Online Trading App is one of the most popular trading apps in India. The advanced charts, user-friendly interface, learning resources, and auto investing features make it one of the top trading apps in India.
#6) Sharekhan App
Best for active traders.
Android Ratings: 3.8/5 stars
Android Downloads: 10 Lakh +
iOS Ratings: 2.8/5 stars
Sharekhan is a 21-year-old trading platform, which has over 2 million clients all over India. Sharekhan gives you proper guidance for buying and selling products and provides a wide range of products to build a diversified portfolio.
#7) Motilal Oswal MO Investor App
Best for powerful AI features that help in building a better portfolio.
Android Ratings: 3.6/5 stars
Android Downloads: 10 Lakh +
iOS Ratings: 3.6/5 stars
Motilal Oswal MO Investor App can be called the best trading app India has. Its smart artificial intelligence features offer you tips and recommendations on how to improve your portfolio.
#8) Edelweiss Online Trading App
Best for market analysis tools.
Android Ratings: 4.5/5 stars
Android Downloads: 10 Lakh +
iOS Ratings: 4/5 stars
Edelweiss Online is a trading platform, founded in 1995. It offers you plenty of stocks to trade with. Moreover, it gives you many features for tracking and monitoring market trends.
#9) IIFL Market Trading App
Best for free research reports.
Android Ratings: 4.1/5 stars
Android Downloads: 50 Lakh +
iOS Ratings: 4.1/5 stars
IIFL Market Trading App is a highly recommended mobile app for trading. It lets you trade in several items with the help of easy-to-use tools.
#10) Fyers App
Best for advanced traders.
Android Ratings: 4.1/5 stars
Android Downloads: 1 Lakh +
iOS Ratings: 4.2/5 stars
Fyers is the best trading app in India. It offers you some really helpful charts to study the market trends. The mobile app is easy to use and gets automatically synced with the web version so that you can access your account from the web or through the mobile app.
#11) HDFC Securities
Best for trading in global stocks and digital gold.
Android Ratings: 4.3/5 stars
Android Downloads: 10 Lakh +
iOS Ratings: 3.7/5 stars
HDFC Securities is a 20 years old trading and investing platform, which offers you smart ways of trading, for example, tracking the best price of buying or selling your order across exchanges, and much more.
#12) Stock Edge
Best for stock market analytics.
Android Ratings: 4.4/5 stars
Android Downloads: 10 Lakh +
iOS Ratings: 4.4/5 stars
Stock Edge is a leading trading platform with over 20 Lakh clients. They provide you with investment strategies based on your goals and put forward research and analysis tools so that you can do an educated investment.
#13)Coinbase
Coinbase is also a cryptocurrency platform founded in 2012. It is a secure platform for buying, selling, and storing cryptocurrencies and is quite popular in the United States.
#14)WazirX
WazirX is an Indian cryptocurrency trading platform that is owned by the global cryptocurrency exchange Binance. WazirX has the highest trading volume compared to any other cryptocurrency exchange in India.
Methodology for Identifying the Top Trading App in India
Forbes Advisor India conducted an analysis of 30 trading apps within the Indian financial market, and we identified the best-performing apps based on the following criteria:
| Criteria | Description |
|---|---|
| Execution Speed | Assessment of reliability and swiftness of trading apps for ranking purposes |
| User-friendliness of the Mobile App | Selection based on intuitive and user-friendly interfaces |
| Advanced Features and Customization Options | Support for advanced trading features and user customization |
| Real-time and Live Market Feeds | Availability of real-time market data for successful trading |
| Range of Tradable Products | Diversity of products offered, including stocks, equities, mutual funds, etc. |
| Trading App Fees | Evaluation of various fees and charges for selecting the best apps |
How Discount Brokerage Apps Operate
Online discount brokers facilitate buy and sell orders for investors, charging nominal commissions. Key aspects include:
- User-friendly interfaces simplifying trade execution
- No investment-related advice provided, focusing solely on trade execution
- Significant presence in the fintech industry, offering online services with minimal physical presence
- Total number of active clients across all stockbrokers on the exchange reaching 4,288,171 as of March 31, 2023
- Lower fees compared to full-service brokers due to absence of personalized services
- Accessibility to investors through online channels, catering to various backgrounds
How to Trade Effectively Using Mobile Trading App
To engage in intelligent trading via mobile apps, consider these guidelines:
- Choose an app suited to your needs.
- Conduct thorough research on pricing structures, hidden fees, and features.
- Evaluate app functionality, including trading tools and security features.
- Review user ratings and feedback.
- Prioritize security measures.
- Confirm device compatibility.
Key Characteristics of Discount Brokerage Apps
- Cross-platform accessibility
- Real-time data access
- Alerts and notifications
- High-volume trading capabilities
- Online chat or live bot support
Advantages of Utilizing Trading Apps
- Swift order execution
- Paperless account opening
- Access to real-time market data
- Cost-effectiveness
- Instant notifications and price alerts
- Access to historical charts and research reports
- Transparent fee structures
- Diverse mutual fund options
- Expert insights and research reports from brokerage firms
Conclusion
This article can be briefly summarized into the following points:
- You can start trading and investing from your personal mobile, with the help of easy-to-use apps.
- If you want to invest a large amount of money, choose the app which gives you an advisor and gives you recommendations to improve your portfolio.
- Market analytics tools like advanced charts can be very helpful in doing an informed investment.
- Beginners should look for an best trading apps or platforms that lets them build a low-cost portfolio, plus gives them learning resources and tips for portfolio management.
- Zerodha Kite, Angel Broking, and Upstox Pro App are the top 3 best online trading apps in India.
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