Online Stock Trading has become very easy now with many brokers providing good functionalities, easy interfaces and low cost of operation of the trader in India. Choosing the most appropriate one depends on several elements such as usability, costs, probable trades and support. This guide will look at the five best stock trading apps in India to enable users to decide on one to go for.
Online Stock Trading Platforms in India
- Zerodha
Overview:
Zerodha was established in the year 2010 and is the largest retailer stockbroker situated in India characterized with low cost brokerage and easy interface. It has indeed been revolutionary to the Indian trading platform providing some of the best rates anywhere in the world.
Features:
- Kite Platform: Manages to offer easy to use and web and mobile platform, with real time pricing and enhanced charting capabilities.
- Console: A range of reporting and analytical back-office tools that can be used to manage all company information.
- Smallcase: Enables members to buy into topic-specialist investment schemes created by professionals.
Fees:
- Equity Delivery: Free (no brokerage).
- Intraday and F&O: ₹20 per trade or 0.03%, whichever is lower.
Reviews:
Zerodha gets good grades for pricing and fee structure, a dedicated and timely support to their clients and they are a tech-savvy company. But some users would consider over-reliance a negative aspect due to lack of well-articulated research reports.
- Upstox
Overview:
This stockbroker is Ratan Tata backed, has a simple interface and the fees are affordable for everyone, whether you’re a rookie or a pro. It has a nice-looking layout with some additional tools helpful for trading that is fast and smooth.
Features:
- Upstox Pro: An advanced and feature rich mobile application and web interface with chart customization ability, more than 100 indicators and real time price alert.
- Mutual Fund Investments: There is an option to make mutual fund investment without any commission.
- Quick Account Opening: Enrollment process which primarily involves the use of technology with little paperwork.
Fees:
- Equity Delivery: Free.
- Intraday and F&O: ₹20 per order or 0.05%, whichever is lower.
Reviews:
Upstox has a good word of mouth regarding its application and easy account opening. Occasionally, the users suggest that customer support response time should increase during trading hours of the day.
- Angel One (Angel Broking)
Overview: Starting its journey in 1987, Angel Broking continuously aligned itself to the new market trends. Now it was coming as Angel One it can provide a digital AI platform with investment recommendations which make it appropriate for people who need advisory.
Features:
- ARQ Prime: It is an advisory tool on rules of proprietary percentage where recommendations are made from number crunching.
- Angel SpeedPro:An over-the-counter trading platform software for PC, compatible with professional traders.
- Diverse Investment Options: Stocks, commodities, currency and mutual funds available for trading.
Fees:
- Equity Delivery: Free.
- Intraday and F&O: ₹20 per order.
Reviews:
Advisory services and feature rich applications on Angel One’s web platform evoke favorable responses. However, like its audience, some users compared it to other relatively simpler platforms and said that the app feels slightly cluttered.
- Groww
Overview: Contrary to its initial affiliate purpose for selling mutual fund investments, Groww now offers online stock trading as well. More specifically, it is most well-liked by millennials and novice investors on account of the easy to navigate website and relevant guides.
Features:
- Simple Interface: A simple design is suitable for those that are new to the world of online trading.
- Educational Content: Provides investors with learning material in order to acquaint themselves with trading for beginners.
- Paperless Account Opening: Enterprise RTO is easy with Aadhaar-based vehicle verification.
Fees:
- Equity Delivery: Free.
- Intraday and F&O: ₹20 per order or 0.05%, whichever is lower.
Reviews: The website design and the usability of Groww are applauded by most of the users. For instance, it does not have advanced charting functions, not suitable for much-sophisticated traders whose decision depends on graphical analysis.
- 5paisa
Overview: Being one of the cheapest trading platforms, 5paisa provides users with an opportunity to invest at low cost with different types of investments. Global has been on a respectable position in global stock market and it can be considered as a good option for those investors who choose the strategy of slashing their costs and expenses in a search of a cheap stock with a promising future.
Features:
- Investment Packs: To be specific, each pack is designed to achieve a certain investment objective of the user.
- Smart Investor Tools: Provides various facilities to know about the portfolio and to track the portfolio effectively.
- Auto Investor: A unique feature of an investment advisory that offers recommendations for investments based on the user’s preferences.
Fees:
- Equity Delivery: ₹20 per order.
- Intraday and F&O: ₹20 per order.
Reviews: 5paisa is largely admired for its cheap and feature enhanced environment. Still, some of the users say that it could enhance its app speed and stability in case of the markets high traffic hours.
Conclusion
Choosing the best online stock trading app in India really depends on the stock trader’s preferences or skills, budget, and frequency. Zerodha is perfect for people who don’t want to pay high fees and like simple navigation. Upstox and Groww are ideal for beginners since they offer a very easy to navigate trading platforms. Angel One and 5paisa also incorporate Straight Through Process, investment advisory as some of the features that are beneficial to investors and Cost-effective plans. Cautiously approach platform selection and make sure it corresponds to your trading requirements and see whether the platform provides tools for making the right decisions. Whether you are a beginner in trading or want to upgrade your trading in the Indian stock exchange, there is everything that you need here.
