Best Trading Apps in India

As a beginner what is more important for you as a trader? Is it the brokerage or user experience? Well! Most of you might choose the former one but how does the low brokerage benefit you if the broker fails to offer you the glitch-free and technologically advanced app, Right? So, before you look into brokerage let’s discuss the best trading apps in India. 

Stock Trading Apps

Stock trading is gaining much attraction these days but only a few beginners are aware of how to choose a broker on the basis of the online trading app.

The generation and people these days are tech-savvy and to pick the best trading apps, all you have to do is to look at some of the technical features like:

• Login options 
• UI of the app
• Speed 
• Security of the app
• Features in the app
• Trading charts types
• Indicators
• Order types
• Smoothness in placing the order.

Also to enlist the best trading apps in India, the following parameters are taken into consideration:

• Inputs from active clients of different stock brokers in terms of ease of use, app speed, trading experience, and usability of the app.
• Number of installs from Android and iOs play store
• User ratings
• App Features
• Our app demonstrations

These features can be further checked on the basis of the type of trader you are. To simplify this, we have segregated and listed some of the best trading apps in India on the basis of:

• Intraday trading apps
• Option trading apps
• Algo trading apps
• Free trading apps

Let’s dive into the detail to learn about these apps in detail. 

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Best Intraday Trading Apps 

Intraday trading involves a trader who tends to take a quick decision and therefore needs an app that allows them to take a quick decision.

Other than this, the trader must consider the features that help them to do analysis that makes it easier for them to pick stocks. 

Also, the beginners who are new in the market generally depend upon tips and recommendations and this makes it important for them to choose the app offering market updates along with tips and recommendations offered by the broker. 

Here is the list of brokers offering the best trading apps for intraday trading to make it easier for you. 

Edelweiss Mobile App

Edelweiss, the full-service stockbroker is known for offering the best-in-class trading services to its clients. The broker provides a mobile app for Android and iOS that streamlines the trading experience of the traders. 

Here are some of the key features of the app that makes it one of the best trading apps in India

1. Guest login that helps you in getting an overview of the app before opening an Edelweiss demat account. 
2. Live streaming feeds for different segments 
3. Sensex tracker that helps you to decide the value of the company.
4. Drawing tools in the chart that helps in identifying the trend and patterns. 
5. Pre-information and notification of any corporate action or upcoming result or news. 
6. Access to view the historic chart of future contracts. 

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Zerodha Kite

 

Zerodha is the first broker that introduced the discount brokerage model in the stock market industry. It provides the Zerodha Kite app available for both android and iOS.

Here are some of the exclusive features of the app:

1. Highly intuitive UI. 
2. Advance order types like GTT, AMO, SL, and Iceberg are useful for day traders to place orders with the least risk of losses. 
3. Advance charts with more than 120 indicators that help in building and analyzing the day trading strategies. 
4. Integration of advanced Sensibull option chain useful for day traders to create and backtest the strategy. 

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IIFL Markets

 

IIFL is a full-service stockbroker that comes with trading benefits and many different products and services for its clients. Registered with both stock and commodity trading exchanges, the broker provides the benefit to trade in all the segments including equity, commodity, currency, etc. 

To provide intraday trading benefits the app offers features like

1. Advanced technical research features
2. Intuitive and advanced charts. 
3. Multiple watchlists with the option to add 50 stocks in each help in making a quick trading decision. 
4. Single tap order placements. 

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 Motilal Oswal MO Trader

 

Another one of the top mobile trading apps from the full-service stockbroking house of Motilal Oswal is getting traction over a period of time. The broker has set up different trading apps for intraday trading 

Some of the attractive features of the app are: 

• The app offers an option strategy builder that helps traders to create and execute multi-leg option strategies.
• Update trader with the news alert, advanced technical charts, indicators, price alerts, and a lot more.
• Customization to keep an eye on your favorite stocks and trading without hassle.
• More than 120 indicators help in understanding trends and in defining a strategy for trade.

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App for Options Trading 

Options trading is a derivatives trade segment that allows a trade to trade at a particular price in the future. 

Now, this is much more advanced and includes a lot of analysis therefore it becomes even more important for the trader to pick the one that gives them a smooth experience. 

If you are already aware of what options trading is then you might be aware that the options chain plays a vital role in choosing the option strike price and in trade execution. 

Check out the prominent brokers below who are offering various option trading features that make it simpler for you to do option trading smoothly. 

Angel Spark

 

Angel One, the only hybrid stockbroker in the stock market industry comes with unique tools that make it easier for traders to trade in options. 

With the discount brokerage model and research features Angel one comes up with a specific and exclusive app for options Angel Spark

1. Fast execution of orders. 
2. Advance and simple UI. 
3. Intuitive trading charts with integration with Trading View and Chart IQ that help in making a quick trading decision. 
4. Enhanced option chain with the detailed information of Option Greeks. 

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Upstox Mobile App

 

Another discount broker with an advanced and easy-to-use trading platform that makes it simpler for you to trade across segments. 

Here are the features of the trading app.

• Integration with ChartIQ and Trading View for better analysis of stocks and indices. 
• Advance option chain for better analysis that helps traders to pick the right strike price for trading. 
• Options strategy builder for the traders who want to trade in options. 

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5paisa Mobile App

 

5paisa is a discount broker known for offering best-in-class trading services in equity, commodity, and currency. 

You can place different types of orders using the application. Here are some of the top-notch features of the app that makes it one of the best trading apps for options trading.

1. Advance UI
2. Seamless order placement. 
3. Quick overview of the market and index giving an overview of market trends. 
4. Advance charts and multiple indicators for quick analysis of stocks. 
5. Option chain with a detailed clear overview of the strike price, volatility, etc.

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Algo Trading Apps

Trading is done with the objective to earn a profit, right? But most traders miss the profitable opportunities of trade just because they do not have enough time or miss the right entry and exit point. 

Now to minimize such issues, there are algo trading apps that are designed specifically for those who have an idea of the technicalities of the market and add their trading preference.

The algo works accordingly and helps them in reaping the benefit of a trade by placing the right trade at the right time. 

Brokers do have their algorithmic trading platform, but most of them have third-party integration. Let’s make it more clear by providing you with the list of trading apps.

Zerodha Streak

 

Algo trading involves good knowledge both at the technical and execution level. But what if you are provided with the tool that helps you to place your trade without coding?

Zerodha provides one such platform, Zerodha Streak, that allows users to place a trade using advanced strategies in minutes. 

Here are some of the exclusive features of the app:

1. Quick and easy scanning of market data and other information required for making a trade decision. 
2. Easy creation, backtesting, and deployment of strategies. 
3. Highly advanced technical tools that make it easier to build strategies. 

To use this along with Zerodha demat account you have to pay an additional sum of ₹690 per month. 

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Algo Bridge

 

The advanced algo trading platform by Alice Blue offers unique and easy-to-use features that help the trader to trade in bulk without worrying much about losses. 

You can directly log in to the app if you have an active Alice Blue trading account. 

This algo trading app comes with the features like:

1. In-built 6 strategies for intraday, options, and other trading segments. 
2. Feature to customize the strategies. 
3. Integration with MT4 bridging tool that helps in creating and backtesting some of the advanced strategies, thus increasing the chances of success in trade. 

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Fyers Markets

 

Fyers is one of those stockbrokers in India that has shown immense focus when it comes to technology and offering optimal user experience to clients through its platforms. Their mobile app is no exception and has consistently performed well at multiple levels.

The best part is that Fyers is most likely one of the youngest companies within the discount broking space in terms of time but they are already been counted as one of the best ones when it comes to the technology and performance of their trading platforms.

Some of the positives of Fyers markets are:

• One of the best and most suitable apps for algo trading.
• Provides integration of Quantsapp that further provides a source for creating and backtesting advanced algo strategies.
• Offers multiple features for technical analysis with a wide range of data options
• Integration with 25+ prominent stock banks for fund transfers.

Fyers mobile app is suitable for algo-traders, definitely. This app is going to provide you multiple provisions to perform algo trading.

Thus, if you are somebody who is looking to perform this format of trading or kick-start it, then you should certainly give the app a try.

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Best Trading Apps for Students

Earlier was the time when only people start looking for stock market investment or trading once they have enough funds or in simple terms in middle age.

But these days, youngsters too are focussed on long-term investment and trading in the stock market. 

Even with so many plans in their mind, they fail to execute it. Wondering why? Well, the biggest reason behind it is the understanding of how to use the trading app and secondly lack or shortage of funds. 

But seeing such a huge attraction of these young traders in the market, brokers come up with specific features that allow them to trade at the minimum cost.  

Some of the broker’s apps for students are as follow

Groww App

 

Groww is a discount broker offering mutual funds services since 2016 and came up with the stock trading services in the year 2020. Offering a free demat account and zero AMC charges, the broker gained much attraction. 

When it comes to making a trading or investment decision for students, this is the most liked app because of the following feature of trading app:

1. Easy User Interface. 
2. Clean market data that helps a trader in making a quick decision. 
3. Fast execution of the order. 
4. Option to invest in Indian and US stocks. 

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Kotak Securities App

 

Although Kotak Securities is a full-service stockbroker but currently introduces a Zero Brokerage Plan for those who are under 30 years of age. 

This makes it possible for keen students to learn and trade without any limit across segments. 

Apart from Kotak Securities zero brokerage plan, here are some of the unique features of the app:

1. Real-time market information. 
2. Biometric Login 
3. Pre-defined watchlist that provides you the access to create and edit the list of stocks. 
4. Better charting tools that help you to stay on the top. 
5. NEFT and other available options for fund transfer. 

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Free Trading Apps

Who doesn’t like anything for FREE? 

Well, all the apps discussed above are available for free, once you open a demat account with the stockbroker but to trade using those apps, you have to pay certain charges called brokerage fees. 

Now, these charges vary from broker to broker. But with so much demand, brokers are coming up with the trading app or say plans where you need not pay any kind of commission to your stockbroker. 

Yes! You read it right.

Paying one-time subscription fees at the time of account opening waives off all kinds of brokerage fees across segments and thus you can reap the benefit of using trading apps for free with these brokers. 

Let’s check the features provided by these brokers to understand their services in a better way. 

MStock App

 

Wants to do a hassle-free trade and that too at zero cost, here is the one offered by mStock.

The broker Mirae Asset introduces mStock mobile application that allows the trade across segments for free. To activate the service, the trader has to pay a one-time subscription fee of ₹999.

Here are some more features associated with this trading app:

1. Lightening fast order execution. 
2. Simple, and intuitive user interface. 
3. Advance charts 
4. Real-time updates of the SENSEX and NIFTY. 

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Shoonya by Finvasia

 

Shoonya app is the stock trading app, introduced by Finvasia. As the name depicts, you can trade for FREE using this trading app.

To access the benefit and features, open a Finvasia demat account. 

Apart from zero brokerage, here are some of the exclusive features of the app:

1. Advanced and interactive heatmaps. 
2. Clean charts are available in both light and dark themes. 
3. Information of historical data with multiple time frames of 1, 5, 10, and 30 minutes. 
4. 100+ technical indicators. 
5. Fund transfer using the UPI method. 

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Trading App Refer and Earn

Not for all, but few brokers come up with the referral bonus where if you refer the trading app or demat account of the broker to your friend or family, you become eligible to earn a referral commission. 

Now this commission could be in the form of cash awards, amazon or Flipkart coupons, brokerage shares or any other gift hamper. 

So, here in simple terms referring to a trading app simply means referring demat account. This will eventually provide access to your friend and family to use all the services provided by a broker. 

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Are Trading Apps Safe?

As discussed at the beginning of the article, safety and security are one of the major factors one should consider while choosing a trading app. 

One cannot say that all the trading apps available in the market these days are safe and sound. It is therefore important to consider a few parameters to get assurance of the same you can consider opening a demat account with the broker enlisted above or you can check for the login step.

• To keep the data secure, you must reset the password after the first login to keep the access to yourself. 
• Check for the login options provided to you by the stockbroker, like is it a passcode, face lock, fingerprint, etc. 
• These days there are trading apps with 2-Factor authentication that adds security to the application. 
• Secondly, make sure that you do not share your OTP with anyone including your friends or family members. 
• Keep checking the trading activities to ensure that all the trades executed are done by you only.

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Conclusion

With huge innovations and disruptions happening across the mobile applications space to go along with deep penetration of smartphones within 2nd, 3rd and 4th tier cities of India, Mobile trading is here to stay.

Thus, the stockbroking companies looking to expand and grow don’t really have an option but to make sure, they bring regular implementations within the mobile space.

These features and aspects, at the same time, need to be user-friendly and should make sense for the users to use.

At the same time, with limited time left in the day, people would prefer a mobile device rather than an installable software or a web-based terminal. This brings in value add-ons such as convenience and trading at the right time where users can ripe in maximum profits.

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