Are you looking for the Best Trading App in India in 2024? If you are, this post is for you. In this article, I am going to share the 10 Best Trading Apps with their charges and features. As you read this post till the end, you should be able to find the right trading app for your trading requirements.
List of Best Trading App in India
Upstox
Incorporated in 2009, Upstox by RKSV Securities India Private Limited. is one of the leading discount brokers in India. The trading platform is ranked among the most reliable trading platforms.
The stock broker has a wide range of product offerings, including Stocks, Mutual Funds, IPOs, ETFs, Bonds, and Futures and Options. You can open a free Trading Account with Upstox. Besides, customers don't have to pay any Annual maintenance charges in Upstox.
Brokerage charges are minimal in Upstox, and here are the charges:
- Equity Delivery: ₹20 or 2.5% (whichever is lower) per order.
- Equity Intraday, F&O, Currency & Commodity: ₹20 or 0.05% (whichever is lower) per order on Stocks.
- Mutual Funds and IPOs: ₹0.
One striking thing about the Upstox brokerage charges is that, unlike other leading brokers, Upstox does charge a brokerage fee on Equity Delivery. Hence, if you are only into Equity Delivery trading, you may consider an alternative trading platform.
Upstox has excellent trading applications on web and mobile device platforms. Upstox Pro Web and Upstox Pro Mobile work equally well with all the essential trading features.
Upstox key features are Tradingview and ChartIQ charting tool, multiple time frames, mutliple order types, and advanced order types. Some order types are GTT, AMO, BO, and CO. Besides, Upstox has some advanced features such as Readymade Options Strategies, Option chain, and OI data, and Sensibull Integration for backtesting. With Readymade Options Strategies, you can easily find the most profitable Option strategy to trade in the securities market.
Upstox has a comprehensive customer support service that includes live chat, phone, and email support. The Live Chat makes it a whole lot easier to contact the Support team if you ever run into technical difficulties in the middle of your trading.
Angel One
Incorporated in 1996, Angel One has been there for a long time and is ranked among the reliable trading platforms for trading in the share market. The trading platform's product offerings include Equity, Mutual Fund, ETFs, Bonds, IPOs, Futures, and Options, Commodities, and Currencies.
Account opening is easy with Angel One with everything online and it takes about 10 to 15 minutes. The best part is that you can open a Demat account for free with Angel One. However, the broker charges an Annual Maintenance Charge of ₹240.
Angel One Brokerage Charges are pretty low, and here are the brokerage details:
- Equity Delivery: ₹0 charges
- Equity Intraday: Lower of ₹20 or 0.03% per executed order
- Futures and Options: ₹20 per executed order
Angel One has highly usable and easy-to-use trading applications across all device platforms. Angel One Trade is the broker's web app, while Angel One Super app or Angel One app is the broker's mobile trading app. Further, Angel One has a Desktop application called SpeedPro. All applications work flawlessly and offer a good trading experience.
The applications come with nice market overview, powerful research report, excellent charting, mutiple order types like GTT, and AMO, and multiple time frame. Besides, order execution is pretty fast.
When it comes to customer support service, Angel One offers technical assistance by phone and email. However, you may not have a pleasant experience every time when you try contacting Angel One Support since it sometimes takes a long waiting time.
Zerodha
Zerodha entered the industry in 2010 and brought about a huge enthusiasm among the people for trading and investing. The broker allows its customers to trade and invest in Stocks, Mutual Funds, IPOs, Bonds, F&O, Commodities, and Currencies.
You can open an instant demat account with Zerodha, and the process is entirely online. The broker charges an account opening fee of ₹200 and an AMC of ₹300. Zerodha keeps its brokerage charges really minimal. Here are the Zerodha brokerage charges:
- Direct Mutual Fund and Equity Delivery: ₹0 brokerage fee
- Equity Intraday and F&O: ₹20
Next, it's important to look at Zerodha's trading applications. The discount broker's trading application is called Kite, and it's available on web and mobile device platforms. Kite has a clean, fast, and beginner-friendly interface. However, the application comes with Tradingview and ChartIQ charting tools, multiple time frames, and multiple watchlists.
Zerodha Kite has advanced order types such as GTT, Iceberg, BO, AMO, and CO. Further, Zerodha gives you free access to Streak and Sensibull to backtest your strategies.
Zerodha has reliable customer support services through phone and Ticket services. I have tried using phone support in the past and it has always been a nice experience with no long waiting time. However, to connect with Zerodha Phone support, you will need your Support Code, which you can find in your Console page.
Dhan
Dhan was incorporated in 2021, and the platform has many innovative trading features. Dhan's product offerings include Stocks, IPOs, Mutual Funds, Futures and Options, Commodities, and Currencies. One striking thing about Dhan is the fact that despite being a new broker in the market, it is now one of the most popular discount brokers.
You can open a free Demat and Trading account with Dhan. Besides, the broker doesn't charge any AMC, which is a great advantage for users. Dhan charges nominal brokerage charges. Here is a quick look at the Dhan's brokerage model:
- Equity (Delivery): ₹0
- Equity (Intraday Trading): ₹20 or 0.03% per executed order, whichever is lower
- Futures: ₹20 or 0.03% per executed order, whichever is lower
- Options: ₹20 per executed order
Next, it's time to look at Dhan's trading applications and Dhan certainly has the best trading applications. The discount broker has applications for web and mobile device platforms. It's important to understand that Dhan has a regular app called Dhan and a dedicated app for Options trading called Options Trader. Both are available on web and mobile platforms.
The Dhan Web or the Dhan mobile should be more than enough for anyone who is into one legged directional trading or just stock trading. However, for two legged Options trading, the Options Trader app would be an ideal one since it has many advanced features for Options trading.
The Dhan app comes with Tradingview and ChartIQ charting tools, multiple time frames, multiple order types, Webhooks, and free APIs. Besides, you can connect your Dhan account to your Tradingview account to Buy and Sell right from the chart.
When it comes to Customer Support Service, Dhan does an exceptionally good job of assisting its customers through Live Chat, Phone, and Email Support. It's always good to have Live Chat Support since you can quickly reach it out in times of need.
ICICIdirect
ICICIdirect is a subsidiary of ICICI Bank and was launched in 2000 by ICICI Securities. ICICIdirect is a reliable trading platform in the Stock Market that offers various financial products for trading, such as stocks, mutual funds, IPOs, bonds, futures and options, commodities, and currencies.
ICICIdirect doesn't charge any account opening fee. However, the broker charges an AMC of ₹300. Here are the ICICI direct brokerage charges:
- Equity Delivery: 0.55% irrespective of turnover
- Futures: 0.05%
- Options: Flat ₹95 per contract lot
As far as the ICICIdirect trading applications go, they are pretty reliable and highly usable. The broker has online trading applications across all device platforms. ICICIdirect appliations include ICICIdirect Markets, ICICIdirect Money, and Trade Racer (Desktop Software).
ICICIdirect trading applications come with multiple watchlists, advanced charting tools, multiple time frames, and advanced order types.
The broker offers good customer support by phone and email. Besides, it has a good number of video tutorials and articles.
5paisa
5paisa entered the industry in 2016 when the trading enthusiasm was going really high in India. 5paisa's product offerings include stocks, IPOs, mutual funds, derivatives, commodities, currencies, and US stocks. The broker has a flat pricing and has plans to lower brokerage.
5paisa allows account opening for zero charges. However, the discount broker charges an AMC of ₹300. Here's a quick look at 5paisa's brokerage charges:
- Equity Delivery & Intraday: Flat ₹20 per executed order.
- All Segments Futures and Options: Flat ₹20 per executed order.
5pasia has reliable web and mobile applications. 5paisa web and 5paisa app come with advanced features such as Tradingview charting tool, advanced order types, and multiple timeframes. The broker also has Desktop software called 5paisa Trade Terminal.
The trading patform offers an excellent support through Phone and Email. Besides, 5paisa has a good Knowledge base and Community Forum.
Motilal Oswal
Motilal Oswal was incorporated in 1997 and is a reliable trading platform. You can trade Equity, Mutual Funds, IPOs, Futures and Options, Commodities, and Currencies on this trading platform.
You can open a free trading account with Motilal Oswal. The platform doesn't charge AMC but instead charges an Account Administration Charge (AAC) of ₹199. Now, it's time to look at Motilal Oswal's brokerage charges, and here are the details:
- Equity Delivery: 0.20%
- Equity Intraday: Free
- Equity Options: ₹20 per lot
- Equity & Commodity Futures: 0.02%
- Currency Trading: Futures & Options: ₹20 per lot
- Commodity Options: ₹200 Per Lot
Motilal Oswal has reliable trading applications across all device platforms. The MO Trader App is the ideal app for traders. Besides, the broker has a Desktop Exe and Web app. The applications are highly usable with multiple watchlists, multiple order types, multiple time frames, and advanced charting tools.
The trading platform has a reliable customer support team that assists users by phone and email. Besides, Motilal Oswal has excellent online resources for quick reference.
Paytm Money
Paytm Money was launched in 2017 and is a popular trading platformf in India. The SEBI-registered broker has product offerings comprising Stocks, Mutual Funds, NPS, Futures, and Options.
Opening an account with Paytm Money is free of cost. However, the platform charges an annual trading platform usage fee of ₹300. Paytm Money brokerage charges are:
- Equity (Delivery): 2.5% of turnover or upto Rs. 20/- per Executed Order, whichever is lower.
- Equity (Intraday): 0.05% of turnover or upto Rs. 20/- per Executed Order, whichever is lower.
- Futures and Options: ₹20 per executed order.
If we consider Paytm Money's trading applications, thery are pretty reliable and advanced. Paytm Money has applications across web and mobile device platforms. The applications come with multiple watchlist, mutiple time frames, and Tradingview charts. Besides, the platform allows you to choose from multiple advanced order types such as GTT, AMO, BO, and CO.
For technical assistance, you can contact the Paytm Money Customer Support team through Phone and Email. Besides, you can always refer to the Paytm Money Blog for any clarification.
HDFC Securities
HDFC Securities was incorporated in 2000. The platform offers various financial products for trading, such as Equity, IPOs, ETFs, Mutual Funds, Derivatives, and Bonds.
To open a trading account with HDFC Securities, you have to pay an account opening charge of ₹999. Besides, you will need to pay an AMC of ₹750. HDFC Securities brokerage charges are as follows:
- Equity Delivery: 0.50% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
- Equity Intraday: 0.10% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
- Futures Delivery: 0.05% or min Rs.25/- or ceiling of 2.5% of the transaction value (Both Buy & Sell)
- Futures Intraday: 0.025% or min Rs.25/- or ceiling of 2.5% of the transaction value (Both Buy & Sell)
- Options Trading: Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)
HDFC Securities has plans to lower brokerage charges, and the lowest plan starts at ₹199.
Next, it's important to take a look at the broker's trading applications. HDFC Securities has reliable trading applications across web and mobile device platforms.
The applications come with charting tools, mutiple watchlists, multiple order types, and multiple time frames. Besides, you can subscribe to HDFC Securities' Pro Terminal plan for a better and advanced charting experience.
HDFC Securities has one of the finest and most responsive Customer Support Service and the support team assists customers through Live Chat, Phone, and Email.
Kotak Securities
Kotak Mahindra Bank launched its subsidiary, Kotak Securities, in 1994. Kotak Securities is now one of the most popular trading platforms in India. The broker's product offerings include Stocks, IPOs, Mutual Funds, Futures and Options, Currency, SGB, and ETFs.
Kotak Securities allows you to open an account for ₹99. Besides, the trading platform charges an AMC of ₹600. Kotak Securities' brokerage charges are minimal. Here's a quick look at the Kotak Securities' brokerage charges:
- Mutual Funds, IPOs, Intraday Trades: ₹0
- Futures and Options Carry Forward Trades: ₹20 flat per executed order
When it comes to trading applications, Kotak Securities has excellent applications across web and mobile devices. Kotak Securities applications come with advanced charting tools, multiple watchlists, multiple time frames, and multiple order types. It's worth mentioning that the trading platform allows you to choose between Tradingview and ChartIQ charting tools.
If we consider Kotak Securities' Customer Support Service, it's pretty reliable. You can reach out the Kotak Securities' Customer Support Team through Live Chat, WhatsApp, Phone Calls, and Email. Besides, Kotak Securities has a good Knowledge base for quick reference.
Which is the Best?
Determining the best broker for trading in India is a matter of perspective, and it may differ from person to person depending on the user's requirements. However, I can tell you what worked the best for me. I began trading on the HDFC Securities platform, but I wasn't really happy with the charting tool and the high charges. That forced me to look for a better alternative, so I switched to Zerodha.
Ever since I switched to Zerodha, I could concentrate on the core since I never had to worry about high charges. Besides, Zerodha has a clean interface and good charting tools. Another thing I like the most about Zerodha is that Order placement is really fast, unlike other brokers where you need to deal with 2 to 3 steps to place an order.
