Best Options Trading App in India

Options Trading involves high risk and reward. However, the financial instrument is traded worldwide. Options trading in India dates back to 2001 when the exchange introduced Nifty 50 Options. Nifty Bank Derivatives were introduced in 2005. Currently, traders in India can also trade Stock, Commodity, and Currency Options.

Timing orders correctly plays a crucial role in Options, which is where a good Options trading app comes to play. There are many trading apps in India to choose from, and almost all trading apps offer Options trading. However, finding the right app to complement your trading style is a challenging job. In this post, I will guide you on finding the right Options trading app for your trading requirements.

Understanding Options Trading

Options Trading is buying or selling contracts of an underlying asset, which can be an index or a stock. Contracts are available as Call (CE) and Put (PE)  at weekly and monthly expiry. To trade Options, you can choose to be an Options Buyer or an Options Seller. Options selling requires huge capital, while one can start Options buying with capital as low as just ₹5000. 

Besides, you can choose your desired lot size and premium before entering a position. As far as the trading method goes, Options are pretty flexible, and you can trade Options for Intraday, Swing trading, and even Positional trading. 


Upstox has been around since 2009 and is a reliable platform for investing and trading with over one crore customers. One factor that has helped Upstox quite a lot is the fact that it’s backed by investors such as Ratan Tata & Tiger Global Management. 

The platform has received many awards over the years, including the Most Promising broking house of the year by MCX in 2019 and Best innovation in wealth management in 2020. 


  • The platform doesn’t charge any AMC
  • ₹20 per executed order for F&O
  • Application across mobile and web
  • Option chain, GTT order, and ready-made Straddle and Strangle strategies.
  • Good charting tools (Tradingview and ChartIQ charts)
  • Reliable customer support


  • Account opening is not free; ₹249 for account opening.
  • The web app is sluggish.

Angel One


Angel One entered the industry in 1996 and has a vast user base. The platform doesn’t charge you for account opening. However, it charges an AMC of ₹450. The platform allows users to trade in F&O.


  • Zero charges for account opening
  • ₹20 per executed order for F&O
  • Nice applications across mobile and the web
  • Two charting options: Tradingview & ChartIQ
  • Free research tips


  • Poor customer support service
  • AMC is ₹450



Zerodha is one of those discount brokers that have brought about a massive transformation for retail traders. Zerodha was launched in 2010, and since then, many new traders have entered the markets. 

The platform has also helped many traders and investors break out of Call & Trade and helped them get confident about managing their trades and investments by themselves through the Zerodha trading terminal. Zerodha charges. 


  • Simple and clutter-free interface
  • ₹20 per executed order for Options 
  • Trading app on mobile and web platforms
  • Traders can choose between Tradingview and ChatIQ 
  • Over 100 indicators and multiple chart layouts.
  • Most attractive P&L statement
  • Another killer feature is Zerodha’s Killswitch
  • Sensibull integration to test various Options strategies


  • ₹300 for account opening and an AMC of ₹300


ICICIdirect has been around since 1995 and is one of the leading discount brokers in India, with over 40 Lakh customers. The platform follows a 3-in-1 account model. The platform allows customers to open an account for zero charges. However, it charges an AMC of ₹300. 


  • Zero charges on account opening
  • Rs 20 per executed order for Options
  • Application across mobile, web, and desktop platforms


  • Customer support isn’t up to the mark
  • Occasional glitches in the ICICIdirect trading terminal 


5Paisa was founded in 2016 and is a popular trading and investing platform. The platform doesn’t charge anything for account opening. However, 5Paisa charges Rs 300 for AMC. The platform offers Options trading at ₹20 per executed order.


  • Account opening is free of cost
  • Options trading at ₹20 per executed order
  • Decent mobile, web, and desktop applications
  • Advanced charting and real-time data
  • Algo trading and Robo Advisory services


  • Customer support is not responsive


Sharekhan was founded in 2000 and is the first online broker in India. The platform allows customers to open an account for zero charges and charges an AMC of ₹400. Sharekhan is an ideal platform for all types of investments and trading. Customers can also trade Options on the platform.


  • Zero charges for account opening
  • Applications across mobile, web, and PC
  • Sharekhan Mini for users with poor internet connectivity


  • 2.50% or Rs 250 per lot on the premium, whichever is higher for Options
  • AMC is ₹400

HDFC Securities

HDFC Securities is a SEBI-registered broker that started in 2000 and is a reliable trading platform. The platform offers a 3-in-1 account model and allows customers to trade Options. 


  • ₹20 per executed order for Options
  • Application across mobile and web platforms with good usability
  • ChartIQ charting tool & Pro-Terminal
  • Good online chat support


  • ₹999 for account opening
  • AMC is ₹750

Kotak Securities


Kotak Securities has been around since 1994 and is one of the finest trading platforms. The platform allows customers to open an account at zero charges. The platform is ideal for Options trading.


  • No charges for account opening
  • Zero brokerage on Options Intraday
  • ₹20 per order when a trade is carried forward to the next day
  • Mobile Stock Trading app and a Web-Based Terminal
  • KEATProX (desktop app) & FASTLANE (Java applet-based app)


  • AMC is ₹600.

How to Choose the Right Options Trading App

These days we have a lot of trading applications to choose from. However, we have to be very careful while choosing a trading application. Here are a few factors to consider for selecting the right Options Trading App:

Your trading style

When you trade Options, you ought to be very good at timing your entries. You must choose a perfect app that can complement your trading style. You need to find an app that can help you punch orders really fast and allow you to place SL seamlessly.

Fees and charges

As a trader, you must compare the charges of various trading apps and choose the one with the lowest charges. It includes charges such as account opening, AMC, and brokerage. Doing this will improve your overall money management. However, you must only do it without compromising the quality.

User-friendliness and Accessibility

Another essential factor to look for in an Options trading app is good user-friendliness and accessibility. You must choose a trading app with a clean and intuitive interface. It can make a lot of difference for you when you trade in terms of focus and order execution. One thing to look for in an Options trading app is a fast order placement. For example, I can place an order faster in Zerodha than in Upstox.

Technical Analysis tools

Trading Options is highly risky, and you must do proper analysis before entering a position. This is where analysis tools come into play. In a trading app, you need to look for Tradingview and ChartIQ charting tools. Besides, you need to look for Options chain data and good indicators such as EMA, MACD, Supertrend, RSI, etc. You will need them all at various points in time.

How to Start Trading Options on an App

To start Options trading, you must sign up with a trading platform first. Next, you need to complete your KYC and link your Bank account. After that, you can deposit your funds into your trading account and start trading. However, you must only enter a position after a proper technical analysis.


You should now be able to find the best Options Trading App for your trading requirements. I have walked you through some of the finest trading platforms and their pros and cons. Besides, I have explained the important factors you need to consider while choosing an Options trading app.

If you are an absolute beginner, learn Options trading first by going through various useful books and watching video tutorials. Besides, you must start with a small capital and always trade with a Stop Loss.


What is the best trading app for options trading in India? 

The best trading app for options trading in India provides a user-friendly interface, advanced features, and seamless execution. Look for apps like “Upstox Pro,” “IQ Option,” and “Mo Trader App” that offer comprehensive options trading tools.

Can I trade mutual funds through the best options trading app in India? 

While the primary focus of any options trading platform is on derivatives, some platforms like “ICICI Direct App” and “Motilal Oswal” might offer access to mutual fund investments as well.

Which mobile app is recommended for beginners looking to start options trading?

Zerodha Kite and Upstox app are the two most recommended apps for beginners in Options trading.

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