Best Trading Platforms In India

Best Trading Platforms in India can be defined as those trading applications that perform well when it comes to overall user experience, speed, usability, number of features provided, charting ability and other related aspects.

In this detailed review, we have compiled a list of best trading platforms, at mobile, web and terminal software levels, coming from full-service as well as discount stockbrokers with information on all the aspects mentioned above.

Hopefully, by the end of the review, you will be able to decide which of these trading platforms work the best for you and suits your investment requirements.

Best Trading Platforms For Beginners

Trading using Online Trading Platforms in India has now become a popular trend. Although a big chunk of traders still prefers to trade with the help of their stockbroking houses or local sub-brokers, off-late there has been a major shift towards self-help.

The new-age traders want to handle things on their own with an eye blinking transaction speed & convenience, especially if you are a day trader where things move in microseconds.

To match up to that speed, trading companies are coming up with high-speed, hyper-intelligent Online Trading Platforms both in desktop & mobile versions.

Let’s check out the top trading platforms offered by different types of stockbrokers in India one by one:

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Best Trading Platforms in India by Performance

1. ICICI Trade Racer

Trade Racer is one of the prominent Online Trading platforms which provides you with Live streaming quotes & Research Calls, an integrated fund transfer system along with multiple watch list facilities.

Power-packed with new features, Trade Racer gives you the power to identify market opportunities while enjoying the attractive new look and feel of the trading terminal, unlike conventional trading platforms.

Here are some of the top features of the trading platform:

1. Trend Scanner – Easily view all trending scrips in a single window

Trend Scanner is a tool based on pre-defined Technical parameters, which tracks Intra-day Price Movement for finding Trending Scrips.

• Bullish
• Bearish
• Pivot: Based on Pivot levels
• Miscellaneous

2. Live Scanner – Instantly identify stocks making new highs/lows

A live Scanner is a tool that tracks New Highs and New Lows for Stocks with Price Movement. It helps you to identify Scrips making :

• New Day High/Low
• New Weekly High/Low
• New 1 Month High/Low
• New 3 Month High/Low
• New 1 Year High/Low

Some of the other features include:

• User-friendly customization with the latest design
• Easy accessibility using Icon Bar
• Use multiple functions with Symbol Bar
• Predefined Dashboards
• Customizable Grid Layout
• Personalized color combination with trendy look and feel

You can download the software from here.

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2. IIFL Trader Terminal: 

India Info Line or IIFL is a holding company of the IIFL group. IIFL has a global presence with offices in London, New York, Geneva, Mumbai, Hong Kong, Dubai, Singapore and Mauritius.

For Indian share trading users, IIFL offers a couple of online trading platforms – Trader terminal in Desktop as well as mobile versions.

The desktop version of Trader terminal comes with the following unique feature set:

• Unique design for better speed & performance
• Real-time market updates
• Confirmed & Fast Order execution
• Secured single sign-on authentication
• Easy to use user interface

You can download the desktop version of the Trader Terminal from here. Here is the demo video through which you will come to know how to use IIFL trader terminal:

3. IIFL Trader Terminal (for Mobile): 

• The trader terminal mobile version has been a recent addition to the online trading platforms offered by IIFL and is loaded with the following features:
• Trader terminal or TT Mobile is a robust Mobile platform that freely allows traders to trade on the move.
• Users can Sign in through the secure login using their existing IIFL credentials.
• The pages that follow on your screen have been specifically designed keeping in mind your convenience and time.
• Users will get access to Market watch, Buy / Sell links and easy-to-view pages displaying the status of your orders and trades placed.

IIFL TT Mobile can be launched from here.

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4. Sharekhan Trade Tiger

ShareKhan is an old name in the Indian share trading circuit. It has always come up with different innovations that have changed the dynamics of the Indian share trading industry.

In the name of Online Trading Platforms, Sharekhan offers Trade Tiger, a high-speed online trading platform. Trade Tiger is known for the following features:

Access to all trading calls from ShareKhan’s technical desk, fundamental research reports

• Customize advanced charts and see the information the way it suits your needs
• Market quotes streamed at the micro-seconds level. You will not miss even a bit of information
• Trade across BSE & NSE and find opportunities to buy & sell
• Graph Studies include Average, Band-Bollinger, Know SureThing, MACD etc
• Multiple Charts with Tick by Tick Intraday and End of Day Charting powered by various Studies
• Advanced features such as O-Alert, Chart-book, Heat-map, trade from charts & many more.

Trade Tiger comes in 2 versions – Basic and Advanced. Find detailed information here. Check out the demo video here:

Wondering whether all the above features are available for free or are there any Sharekhan Trade Tiger charges?

Well, the trading terminal can be accessed for Free after opening a demat account with Sharekhan. One needs to look for the demat account and brokerage charges that could be charged once the user start using the platform regularly.

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5. Motilal Oswal Trade

Motilal Oswal is a renowned name in the Share broking Industry in India, primarily at the Institutional level. Motilal Oswal provides Online Trading Platforms for the web, mobile and Smartwatch as well for Online Share trading.

Motilal Oswal’s Web Trading Platform is a cloud-based solution that allows you to trade online without downloading an executable file. Some of the key features of the web solution are:

1. Order form with Market Depth

Simple order form across asset classes with integrated market depth and advanced charts to help you get all the relevant data before placing an order.

2. Integrated Market Information

• Users can get extensive market information like gainers/losers, most active stocks, top events, news and much more across asset classes integrated into this online share trading portal.

3. Advanced Intraday Trading Tools

• Intraday Trading tools such as Option Writer, Trade Guide Signal, Portfolio Optimizer, Spread Trading etc. to help you make the right decision.

Some other features include:

• One view access to all trading reports
• Portfolio page
• Recommendations across asset classes
• Multi-asset customized watch list
• Mutual funds overview

6. Motilal Oswal Smartwatch App

The Motilal Oswal smartwatch App is a quick and convenient way for you to stay on top of all vital information associated with your investments while you are looking for Online share trading.

This app provides notifications and alerts on the latest market statistics, positions/limits updates, real-time trading alerts when you’re on the move.

Some of its key features include:

• Get instant notifications on all important market update
• Know your portfolio’s net worth across asset classes
• Check your margin in both cash & commodities segment
• Know your mark to market & open positions
• Get instant info on global indices, market top gainers & losers

The Android version can be downloaded from here while iOS from here. The smartwatch demo video is here:

7. Motilal Oswal Mobile Trading App

MOSL also allows you to trade via their mobile app as one of its Online trading platforms. This app works on both Mobile as well tablet. Some of the USPs of this mobile app include:

• Super-Fast trading across Equities, Derivatives, Commodities, Currencies, investment in Mutual Funds & IPOs
• Operational Ease – Transfer funds through 50+ banks, Access your reports anytime anywhere
• Multi-Asset Watch lists with real-time quotes & advanced charts
• Quick and convenient, one-time login feature along with a secured trading experience
• Ability to get recommendations across asset classes at your fingertips

This app comes with a lot of features that differentiate it from other Online Trading Platforms:

• 1-step trade authentication
• Trading allowed across all asset classes
• live market streaming
• Recommendations at fingertips
• Personalized watch list

You can download different versions of the app from different stores:

• Android
• iOS
• Blackberry

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8. Angel Broking App

Angel broking offers 2 major online trading platforms. One of those is its trading app for mobile.

It is a mobile app recently launched by Angel Broking. This app has multiple features such as:

• Trading across different market segments
• Real-time Market Movements
• Updates on top market gainers & losers
• Check trade reports, holdings & limits
• Access Contract notes, Ledgers etc
• Here is a screenshot of the Angel Broking mobile app that shows how to use angel broking app:
  
  

The Android & iOS versions of these Online Trading Platforms can be downloaded from the respective stores.

9. Angel Trade

Angel Eye is a desktop variation of online trading platforms from Angel Broking. Angel Broking has been updating the platform and has recently launched the latest version available here. Angel Eye comes with multiple features such as:

• Manage & track your portfolio
• Get automatic updates on your transactions
• Trade-in stocks, currency, commodities; invest in mutual funds
• Get the latest market information with comprehensive research reports & charts
• Manage your family’s wealth with the same login credentials

Here are some of the screenshots of the trading platform

10. Angel Speed Pro

There is another platform offered by Angel Broking called Angel Speed Pro. Speed Pro is an executable file that can be downloaded on the user’s machine. It comes with the following features:

• Real-time rate updates
• Advanced charts
• Portfolio details
• Online Mutual Fund application
• Integrated news flash & research reports

Angel Speed Pro is explained at length in this demo video here:

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Best Trading Platforms In India With Lowest Fees

Now, let’s take a quick look at some of the best trading platforms in India provided by some of the most prominent discount stockbrokers:

11. Zerodha Kite

Zerodha is a leading name in the Indian sharing trading ecosystem and works on a discount broking model. The broker offers multiple online trading platforms both for desktop & mobile users.

Kite comes up with minimalist, intuitive, responsive, light, yet powerful web and mobile online trading platforms.

This trading platform is multi-lingual and is available in languages such as English, Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujarati and Punjabi.

Kite comes with the following features:

• Bandwidth consumption of fewer than 0.5 Kbps for a full market-watch, extensive charting with over 100 indicators and 6 chart types, advanced order types like Brackets and cover, millisecond order placements, and more.
• Used by over 70,000 clients and serving over 5 million requests a day with no hiccups.
• Multilingual trading
• Over 100 indicators, 6 different chart types, 19 drawing tools, and pop out as many charts at a time.

Kite web can be accessed from here. Also, check out the demo video here:

12. Zerodha Kite mobile: 

Zerodha’s flagship version of online trading platforms i.e. Kite Web is available as a mobile app and is seen as one of the best intraday trading apps!

It charges ₹0 brokerage for investments and flat ₹20 for F&O trading & comes with a Clean & intuitive UI, super fast and super light backend for all your investment and trading needs.

Features:

• One-tap universal instrument search for all contracts across all exchanges — NSE, BSE, MCX
• Live streaming data
• Multiple market-watch and live market depths
• Advanced chart with 100+ indicators
• Years worth of free historical chart data
• Trade Equities, F&O, Commodities, Currency
• Various order types: Regular, AMO, BO (Bracket orders), CO (Cover orders)
  

You can download the iOS & Android apps from respective stores.

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13. Fyers Mobile App

Another addition to online trading platforms is Fyers’ web & mobile trading app. This trading platform comes with advanced charting options such as Candle charts, provides a 360-degree view of the market in one go and much more in both desktop and mobile app options.

Let’s talk about the mobile app first. The Mobile trading app from Fyers is one of the advanced online trading platforms. Here are some of its features:

• An inbuilt Analytical tool providing relevant information on the go that helps you to make decisions right away.
• “Stock screener” feature that helps you to screen stocks from different industries and indices.
• A heavyweight app in terms of features but comes at a very lightweight on your mobile.
• Real-time advanced charts with smooth access to all scripts in the stock market
• Get all the important indicators for technical analysis of stocks, right away.

You can download the Android version of the app here. Some of the important aspects of the mobile app are:

• Size: 14 MB
• Latest version: 1.0.4

Demo Video:

Similarly, Fyers also offers a Fyers’ One which is an exceptional trading terminal offering unique value to fundamental investors as well as intra-day traders. It comes with loaded features such as:

• Flexible work-spaces: 10 intuitive and uniquely styled customizable work spaces. You also have watch lists set by sectors, indices, derivatives and user-defined settings.
• Advanced EOD Reports: No number crunching after the market hours. Find all EOD reports and analyses at your fingertips.
• Portfolio Simulation: helps track all your equity investments in one place and to build a simulated portfolio to learn without having to pay any tuition fees to the market.
• Access to rich data: get the world market data on equity indices, commodities, currencies and ADRs.

It works pretty smoothly as well, here is the demo video for your reference:

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14. Upstox Web

Upstox Web is a discount broking trading platform from the house of this discount broker. It boosts to be one of the lightest & fastest online trading firms in the industry. Some of the top features include:

• A simple intuitive user interface to help you get wherever you want to go quickly
• Get real-time quotes that are based on advanced socket technology. This helps to increase or decrease the speed of updates based on your mobile’s internet connectivity
• Receive instant notifications on price and trade alerts at all times.
• Transfer money to 40 national banks instantaneously using the mobile app

Upstox works smoothly & consistently across the different variants of the software i.e. mobile, tablet and desktop.

15. Upstox Pro Mobile App

The mobile app provides the following value additions:

• Get real-time news directly to your phone on the go to stay updated with market fluctuations
• Receive price alert notifications when stocks trigger your custom conditions
• Reconnect feature allows the app to connect seamlessly without requiring multiple authorizations

The mobile app has the following attributes:

• Android App Size: 12 MB
• Android compatibility: Version 4.1 & above
• iOS Size: 63 MB
• iOS compatibility: Version 1.0.6

You can download the iOS & Android versions of the mobile app from the respective links.

16. Upstox Web App

The web app comes with features such as:

• Blazing Fast Quotes
• Functional charts plotted over 90 indicators & drawings
• The smooth user interface helps you focus on market updates without any distractions

Here are some of the screenshots of the web app UI:

17. Upstox Desktop

Upstox has a desktop version of a trading app as well which is loaded with the following features:

• Customizable interface
• Low latency and enterprise-level stability
• Multi-Monitor support
• Advanced Charting
• Advanced Order Types
• Mouse and keyboard friendly

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These days every broker markets its broking platform as one of the best trading platforms in India with top speed and finest of accuracy. Which of these Online Trading Platforms you use or would like to use? Write your thoughts in the comments section below to help other fellow readers.

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