Best Trading App in India

This post lists the best Trading app in India for 2023. If you’re looking for the best trading apps to use from your smartphone, then you’re at the right place.

Reading this post further will help you choose the best trading app for both long term and daily trading.

Best Trading App in India

1. Upstox Pro Trading App

Upstox is the best platform to open a Demat account in 2021. Upstox charges a Flat Rs. 20 per order irrespective of the trading amount makes them the most affordable platform. There are also zero brokerages on Digital Gold, IPO, and Mutual Funds. Best for beginners and someone who needs fast account activation.

In our opinion, Upstox is the best trading in India for beginners to get started in 2023. Upstox started in 2011 and has had a brilliant journey so far with a huge contribution to the industry. The company has largely encouraged the traders by allowing them to trade more volumes and enjoy more leverage. In 2016, the company launched Upstox Pro with a major focus on offering a good mobile trading platform. 

Upstox

The platform allows you to trade in shares, equity derivatives, and currency F & O. Besides, Upstox Pro comes with the TFC feature. TFC stands for Trade from charts which means you can trade right from the charts. The app is pretty advanced, as it supports multiple charts, multiple time frames, over 100 technical indicators, and drawing tools. You can use them in real-time to have more accurate results from every trade for yourself. 

If we consider the interface of the app, it is undoubtedly clean and intuitive. Other features include a custom watchlist, unlimited price alerts, and night mode. The platform charges Rs.20 per trade on intraday and Future & Options trade. However, it doesn’t charge any brokerage on delivery.  

Upstox is my primary account I use for daily and long term trading. I've been using it for more than a year, and I love it more than Zerodha. Being a first-time trader, I found the Upstox user interface much easier for me. Here is my dashboard:

Their latest app comes with many features which reduce your hassles of checking another app to understand the fundamentals of the company. Here is a smart investing feature that lists companies based on these criteria. Also, you can check stocks based on “1 week High” “52 weeks High”, etc.

There are also favorite sections and sectoral options to make your investing easier.

The process of opening an account with Upstox is pretty seamless, and you can open an account online using the app itself. In addition, Upstox allows you to trade on zero brokerage for the first 30 days from the day you open an account.

  • The company offers a free demat account along with Rs.1000 brokerage credit applicable for the first 30 days. That means your first 50 orders will be free of cost.
  • You can buy stocks with just 50% funds, where the rest of 50% will be shared from Upstox through the Margin Trading Facility (MTF) feature. For example, if you're planning to buy stocks worth Rs. 1,00,000 and you have only Rs. 50,000 in hand, then Upstox will pay the rest of Rs. 50,000 for you. This feature can be activated from the dashboard.
  • Their new web portal comes with industry's best features, with options to use between trading view and chart IQ graphs. It also brought powerful charts with 100+ indicators.
  • Upstox offers you a free stock, and it will be credited in 48 hours after account opening.

When I started using Upstox, the issue I initially faced was not being able to punch orders in time. The issue cropped up because of the Upstox feature, Order Review. It took me a while to figure out how to get rid of it, and finally, I disabled it from the settings. Ever since, things got pretty smooth on Upstox for me.

I especially liked the GTT Order feature. It can be an excellent tool for beginners to trade safely since it allows you to set your target and stop loss while placing an order. Further, I am highly impressed by Upstox Customer Support since there are different channels to reach the Upstox support team, comprising live chat, phone, and tickets. Besides, It's always quick to contact the customer support team.

Reasons to choose Upstox:

Pros

  • Clean interface and great usability.
  • Allows trading directly from charts.
  • Unlimited price alerts and customized watchlists.
  • Advanced chats with multiple intervals.
  • Over 100 technical indicators.
  • Offer historical data for the last ten years.

Cons

  • The back office app is not available.
  • No way to check the linked bank details.

2. Angel One Trading App

Angel One is another largest stockbroker in India. Angel One charges Rs. 20/order for intraday, F&O. There are no charges for equity delivery. For a limited time, Angel One offers Free Margin Trade Funding for 30 days.

The Angel One is yet another top-rated broker app in India, and the company entered the industry in 1996. The platform allows you to trade in equity, commodity, and currency.

Angel One
Angel One

The Angel One trading app is available on both Android and iOS. The app lets you view multiple indexes with real-time prices and allows you to access the last ten transactions for Ledger, Funds, and DP.  Here is how clean the user interface of Angel One app looks like:

Angel One App Home
Angel One Options

Besides, the app gives you the advantage of intraday charts and other valuable insights, such as top gainers and losers. There are also paid calls available through ARQ Prime option.

Trading on Angel One has always been a smooth experience backed by exceptionally usable web, mobile, and desktop trading applications. Trading applications are advanced, with advanced charting tools and multiple order types. Besides, if you are an Equity trader, you can capitalize a lot from its research and analysis data.

However, the only issue is with Angel One's Customer Support team; for some reason, it's never responsive. I never found the right assistance from the Angel One customer support team whenever I got caught up with some technicalities. The waiting time is so long that you will eventually give up on your own.

Pros

  • Advisory calls and research reports
  • User-friendly interface
  • Displays real-time multiple Index with prices
  • Comes with an ARQ tool
  • Displays Intraday news & other live updates

Cons

  • Nothing as of now.

3. Zerodha Kite Trading App

Zerodha is another popular platform among Indians to open a Demat Account. The company charges a Flat Rs.20 or 0.03% (whichever is lower) per order. If not Upstox, Zerodha should be your ultimate option.

Zerodha is another best trading app in India for 2023 to invest and earn money online. Started in 2010 and, over the years, has done a brilliant job of providing traders with more freedom. The platform allows you to trade across NSE, BSE, and MCX. With over 3 million investors and traders, Zerodha offers advanced technical analysis and a good amount of study resources to improve your trading skills. 

Zerodha

Zerodha has a mobile application called Zerodha Kite for Android and iOS. The interface goes pretty user-friendly and advanced, backed by candlestick charts and other charts, technical indicators, and different time frames. Here is the how the app looks like:

Kite App

Another good feature worth mentioning is the two-factor authentication feature, which allows you to protect your account with two security layers. 

Zerodha charges zero brokerage on delivery and Rs 20 per executed order on intraday. In addition, there is an account maintenance charge of Rs 300 per year. The platform also offers you leverage to trade more volume than what your actual funds allow you to.

Zerodha is my all-time favourite trading platform since it's the preferred trading platform of many traders in India. Besides, Zerodha has the right mix of all the essential features with no exaggeration. It eventually keeps the interface exceptionally clean and fast. Again, Zerodha's P&L reports look attractive. Recently, things have gotten even better for Zerodha users, with Zerodha making Streak and Sensibull entirely free services for its users.

Like Upstox, Zerodha comes with the GTT order, which can be useful for trading safely. It's worth mentioning Zerodha Killswitch, which is an excellent option for breaking out of overtrading. I used the feature and found it helpful on some bad trading days.

Pros

  • Covers instruments including NSE, BSE, and MCX
  • Advanced real-time charts and over 100 indicators
  • Different order types: AMO, BO, CO, and MIS
  • Allows a user to set unlimited price alerts
  • Provides users with 10 years of historical data
  • Supports multiple watchlists

Cons

  • The terminal gets pretty sluggish sometimes.

4. 5Paisa Trading App

Similar to Zerodha and Upstox, 5Paisa also charges a Flat Rs. 20 per order. This makes them another affordable platform in the market. 5Paisa also offers you a free Demat account for a limited time.best trading app in india

5Paisa is affordable yet the best app for trading one can use in India. 5Paisa started in 2016, and the platform is characterized by 0% Brokerage, Actionable ideas, Direct mutual funds, Omnichannel support, and Portfolio Analytics. 5Paisa allows you to invest in stocks, mutual funds, commodities, currency, F&O, bonds, gold, and insurance. 

5Paisa
5Paisa

The platform has its trading app on Android and iOS, with over 5 million app users currently. In addition, the app comes with a guest login feature, which means using some of the features without even opening an account. 

5Paisa charges Rs 20 per executed order on intraday and charges on delivery based on your chosen plan. 5Paisa provides you with 3 plans to choose from:

  1. Optimum: Rs 20 per order on Intraday and Delivery
  2. Platinum: Rs 10 per order on Intraday and Delivery, for Rs 499 per month
  3. Titanium: Rs 10 per order on Intraday and Zero charges on Delivery, for Rs 999 per month

The 5Paisa comes with the in-built Robo advisor and also allows you to create your watchlist. However, I have noticed that there is no 15-minute time frame on candlestick charts. Besides, the app needs comparatively more internet speed to load charts. 

5paisa is one of those trading platforms that I rely on a lot, and what I like about 5paisa is its unique approach to making trading more economical for traders, backed by its innovative features like flat brokerage and Super Saver Packs. Besides, 5paisa has highly reliable applications. 5paisa also has dedicated customer support.

Pros

  • Account opening is ridiculously easy
  • Over 100 predefined stock screeners
  • Real-time live updates and quotes from NSE and BSE
  • Offers the option to invest in the top mutual funds

Cons

  • High internet speed is needed for the charts to load
  • No 15 minutes time frame

5. Edelweiss Trading App

Edelweiss started in 2008, and the brokerage firm is pretty much known for its investment advisory services. Over the years, it has helped many investors capitalize on excellent market opportunities. 

With over 12,00,000 clients, Edelweiss allows you to trade in Equity, Derivatives, Currencies, Mutual Funds, Gold ETFs, and IPOs. Moving over to the Edelweiss trading app, users have the convenience of single touch login using fingerprint. 

Besides, you can make use of real-time streaming stock prices and tick-by-tick charts. Further, the preset customized watchlist is another convenient and advanced feature that helps you identify excellent trading opportunities through the Sensex tracker. 

You can also invest in mutual funds using this app. However, technical indicators are just 17, and the app size is comparatively bigger (153.2 MB) than the others.

Edelweiss's interface is not as intuitive as other discount brokers like Zerodha or Upstox, and it's because the platform started as an investment platform. Although Edelweiss has been trying its best to be an equally good platform for traders in India, it still has to improve a lot. As far as the applications go, they are reliable and good for trading. Another area wherein the company needs to put some thought is customer support since it needs to improve, too.

Pros

  • Supports Equity, Derivatives, Currency, ETFs, Mutual Funds, and IPOs
  • FREE call & trade
  • Biometric login
  • Compatibility with all device platforms

Cons

  • Limited Technical indicators 
  • Brokerage is comparatively higher than other brokers.

6. IIFL Markets Trading App

IIFL has been around since 2009, and the platform allows you to invest in equity, F&O, commodity, and currency segments. The Android app is pretty light, but the iOS app is quite large, with 178 MB. 

This trading app lets you create multiple watchlists. You can also invest in IPO and OFS using the same app. Besides, you can make use of their good research data to have more accurate trading.

However, the brokerage charges are comparatively higher than many discount brokers. The best part is that the IFFL offers personalized service to every customer.

IIFL is a reliable trading platform, and this is based on my experience trading on the platform. Trading applications are exceptionally smooth and fast. Besides, the interface is super clean and intuitive. I like the platform's simplicity, and IIFL has one of the finest customer support teams in the industry.

Pros

  • Supports IPO
  • Dual stock watch 
  • Lightweight Android app
  • Supports BSE, NSE, NCDEX, and MCX
  • Customizable watchlists
  • FREE stock tips 

Cons

  • The app logs out after every 15 to 20 minutes of inactivity
  • The iOS app is as large as 178 MB

7. HDFC Securities Trading App

HDFC Securities started back in 2000 and is a subsidiary of HDFC Bank. With HDFC Securities, you can have a one-stop solution for all your investments.

HDFC Securities
HDFC Securities

Including stocks, derivatives, mutual funds, fixed deposits, NCDs, insurance, bonds, and currency derivatives. 

As far as HDFC Securities, the app includes a watchlist, an easy buy and sell option, real-time line charts, and live chat support. However, the features are pretty limited when compared with the other trading apps. HDFC Securities doesn’t support multiple charts and indicators. 

Besides, the interface may not be very straightforward at once, and you may need to spend some time to get used to it completely and also supports biometric login.

I opened my first demat account with HDFC securities, and the platform comes with an intuitive interface. Trading on HDFC Securities has always been easy. Besides, the live chat is exceptionally responsive, and I have always found help in time every time I ran into some technical issues. However, the real problem with HDFC securities was the high charges, which eventually forced me to leave the platform.

Pros

  • Integrated 3-in-1 account 
  • Supports BSE and NSE 
  • Supports investment in Gold and NCD
  • Offers Biometric login

Cons

  • The brokerage and Annual fee is comparatively higher than the other brokers.

8. Kotak Stock Trading App

Kotak Securities had its start in 1994 and is a subsidiary of Kotak Mahindra Bank. Currently, Kotak Securities has over 17 Lakh customer accounts. In addition, Kotak Securities has its trading app on both Android and iOS platforms. 

Kotak Securities
Kotak Securities

The app is called Kotak Stock Trader and lets you trade inequities, F&O, Currency, and Commodity. In addition, the platform provides you with the option to create customized watchlists and good charting tools to keep up with the live markets. 

The service also helps you sell a stock from the positions’ view page. You can easily invest in IPO, Mutual Funds, ETF & Bonds. However, I wouldn’t say that the interface is too intuitive, and it is pretty average.

I underestimated Kotak Securities for quite some time until I saw some renowned traders using this platform. That convinced me to open an account with Kotak Securities. After I opened an account with Kotak Securities, I was impressed by the interface, for it's clean with everything self-explanatory. Applications are easy to use, and order execution is always fast. Besides, charges are low in Kotak Securities, which is undoubtedly a plus for users.

Pros

  • Supports investment in IPO, Mutual Funds, ETF & Bonds
  • Customized watchlists
  • Good charting tools
  • Android and iOS app

Cons

  • The interface is pretty average.

9. MO Investor Trading App

Motilal Oswal started in 1987 and is a very reliable name in the industry. The company has over 1600000 customers and is much known for its excellent research and analysis. 

Motilal Oswal
Motilal Oswal

The MO Investor app is pretty advanced, backed by ACE features (Advice on the combination of equities), and based on investment strategy. In addition, the service comes with good charting options with multiple time frames, from 1 minute to 5 years. 

However, when it comes to technical indicators, the platform has just 9 technical indicators only. The interface is pretty easy to use, and you can invest in gold and mutual funds with much ease. 

The best part is the bulk order placement feature which makes things pretty easy and quick. However, sometimes the price update and chart loading get pretty sluggish.

Motilal Oswal is undoubtedly a reliable broker in India, and even though the platform comes with good trading applications, it still needs to get more trading-friendly with more dedicated features for trading. When I tried Motilal Oswal, I found the chart loading pretty slow.

Pros

  • Integrated Algo investment strategy
  • Allows users to place a bulk order
  • Market screeners to help users find the trending stocks

Cons

  • Interface is average
  • Chart loading is slow.

10. Sharekhan Trading App

Sharekhan was founded in 2000 and is one of those companies to start with India’s online retail brokerage. However, Sharekhan is certainly not the cheapest option, and the brokerage charges are comparatively higher than many popular brokerage firms. 

Motilal Oswal
Motilal Oswal

The platform also charges 0.10% brokerage on delivery. The Sharekhan trading app is pretty advanced and comes with different charting options and multiple time frames. The charting options include Renko, Line, Candlestick, Bar, and Area. Apart from this, the service supports different types of orders. 

However, you can’t view the ledger balance on the app and can’t even place AMO using it. One of the advanced features is the pattern finder for finding new trading ideas. 

Besides, you can learn a lot from the app and access the Sharekhan Online Trading Academy courses. Moreover, you can switch between the white and black themes at your convenience. 

Sharekhan has good applications across all device platforms. However, the charges are comparatively higher than other online brokers. Another thing that I dislike about Sharekhan is its confusing pricing model.

Pros

  • Supports multiple timeframes; 1 minute to 1-year charts
  • Comes in a white and black theme
  • Supports advanced live chats including Renko, Line, Candlestick, Bar, and Area

Cons

  • Doesn't support AMO.
  • Doesn't display EQ ledger balance

11. Dhan

Launched in 2021, Dhan is an innovative trading platform with advanced features like Webhooks, Free APIs, buy and sell from chart, and Trader's Diary. The online trading platform offers users a wide range of trading financial products. You can open an account for ₹0 charges.

best trading app in india 2023

Besides, the platform doesn't charge any AMC. Dhan comes with excellent trading applications across the web and mobile devices. The platform has dedicated applications for Options Trading. Dhan also does a commendable job in terms of customer support with comprehensive support through live chat, tickets, and phone.

I have used the platform in the recent past and found the web interface exceptionally clean and intuitive. There was no delay in order execution. As I already mentioned, Dhan has a dedicated application for Options traders, but you need to understand that Dhan's Options Trader app is only for two-legged strategies. If you are into directional one-legged strategy, you must stick to the regular Dhan app since the Dhan Options Trader app will be too noisy for you.

While everything seemed fine with the Dhan's Web app, I encountered an issue with its mobile app wherein I was automatically logged out during my trade. After some online research, I found that I was not the only one facing that issue; and in fact, their app was buggy. Hence, you must be cautious while using Dhan's mobile app.

Pros

  • ₹0 account opening charges and AMC.
  • Excellent trading applications for web and mobile devices.
  • Dedicated trading application for Options trading.
  • Advanced features like webhooks, free APIs, and Trader's Diary.
  • Comprehensive Support through live chat, tickets, and phone.

Cons

  • The mobile app is buggy

How to Choose?

1. Compatibility

For trading on your smartphone, you first need to know what OS is running on your phone. For example, a smartphone may have an operating system such as Android or iOS, or Windows. iPhones and iPad are based on iOS. 

After you find that, the next best thing you can do is check what all trading apps are compatible with your device platform. Most of the apps are available on both Android and iOS.

2. Good User Experience

User experience plays a huge role in trading, and you have to check if the service offers a good user experience with an easy-to-use and easy-to-navigate interface. Besides, you have to check how easily and quickly you can place and execute orders. Most importantly, the app should be less cluttered.

3. Indicators and Other Technical Analysis Tools

Trading needs a lot of analysis for accuracy, and fortunately, there are many advanced tools you can use these days to determine your entry and exit points. For example, the pivot points indicator is an excellent tool that helps you comprehend support and resistance. 

Likewise, there are several other important indicators, such as MACD, RSI, etc. You must check if a trading app that you are about to choose allows you to use these indicators. Further, you may check if the service allows you to use candlestick charts and multiple time frames.

4. High Number of Downloads

Another important factor to consider is the number of downloads. Just like any app, the higher the downloads, the more reliable the app is.

5. Good Ratings & Reviews

With so many trading apps around, it is pretty normal for one to get a little confused. However, trading services have ratings and reviews, which may provide you with important signals. You can check the reviews and ratings on the play store and choose the one with the best reviews and ratings. 

In some cases, even if an app has a certain feature that is disliked by many, you may still choose it as long as you don’t need that feature. However, you will also need to be smart enough to ignore fake reviews. Fake reviews are usually pretty short and have only words of praise.

6. Reliability

You must look into the track history of every trading platform while choosing a trading app. You have to ensure that the trading app you choose hasn't had any major glitches.

Editors Note:

The Upstox is undoubtedly the best trading app in India, with the most advanced features, an easy-to-use interface, and low brokerage charges.

Frequently Asked Questions

Which is the best trading app in India?

When it comes to choosing the best app for trading in India, there are many important factors to be considered, and based on the important factors, here are some of the best trading apps in India:

Upstox Pro

Zerodha Kite

5Paisa

Angel Broking

Edelweiss

IIFL Markets

HDFC Securities

Kotak Stock Trader

MO Investor

Sharekhan

What is the best trading app for beginners?

When one is just getting started with trading, choosing a trading service that comes with an exceptionally user-friendly interface is important. Here are some of the best trading apps for beginners:

Zerodha Kite

5Paisa

Angel Broking

Edelweiss

IIFL Markets

MO Investor

Sharekhan

What is the best free trading app?

There is no free app for trading in India. However, beginners who only want to learn how to trade or practice paper trading can try TradingView. The platform is completely free and comes with almost all the advanced indicators such as MACD, RSI, ATR, etc. Moreover, it shows real-time stock prices. Apart from this, you can always look for a service with the lowest brokerage and annual fee with so many great options around.

Which Android app is best for trading?

As far as the best Android app for trading goes, you have to ensure that the chart loads fast and all the advanced indicators work well. Besides, an ideal Android trading app should also come with proper reporting. Most importantly, it needs to have a very neat interface with easy navigation and great usability. Here are some top Android trading apps:

Zerodha Kite

5Paisa

Angel Broking

Edelweiss

IIFL Markets

HDFC Securities

How does a trading app work?

A trading app helps you trade and invest in the BSE, NSE stocks, derivatives, and other instruments. Besides, most services come with advanced charting candlestick charts with technical indicators, multiple timeframes, and different order types. 

They've made trading ridiculously simple for anyone who wants to trade or invest these days, unlike in the past. For example, when you want to buy a stock at the desired price, you only have to hit the Buy button, and to sell a stock, you have to hit the Sell button. However, trading and investment depend a lot on technical and fundamental analysis.

Are trading apps safe?

They are absolutely safe to use. However, it is always safer to choose a trading service that is extensively used and is pretty popular. One good example is Zerodha. Besides, you must also look for enhanced security features such as two-factor authentication. 

Which share market trading app has the lowest fees?

When it comes to choosing a trading service with the lowest fees, Zerodha and Upstox are the two great options. However, Zerodha offers a comparatively better trading experience than Upstox in many ways, while Upstox is not recommended for absolute beginners. 

Zerodha doesn’t charge any brokerage on delivery and charges only Rs 20 per executed order on intraday. Besides, the account maintenance charge is as low as Rs 300 per year. Upstox doesn’t charge any brokerage charge on delivery either and charges Rs 20 per trade on intraday and Future & Options trade. 

Hence, I would recommend Upstox app for both experienced and beginners, while I recommend Angel One if you need buy-sell calls.

What is the best trading app in India?

The best trading app in India is a platform that allows users to trade various financial instruments, such as stocks, mutual funds, and forex, conveniently through their mobile devices or desktop computers. It provides real-time market data, trading tools, and user-friendly interfaces.

How can I invest in mutual funds through a trading app?

Many trading apps in India offer the option to invest in mutual funds. You can choose the best mobile trading app that supports mutual fund investments, link your bank account or demat account, browse through available funds, and invest according to your financial goals.

What features should I look for in a trading app?

When evaluating a trading app, consider features such as real-time market updates, user-friendly interface, diverse investment options (stocks, forex, mutual funds, etc.), technical analysis tools, ease of fund transfer, and customer support.

Can I trade stocks through a mobile trading app?

Yes, you can trade stocks through a mobile trading app. These apps provide access to the stock market, allowing you to buy and sell stocks, monitor your portfolio, and execute trades on the go.

What is a demat account, and why do I need one?

A demat account is a digital account that holds your investment securities in electronic form. It's required for trading and investing in stocks, mutual funds, and other financial instruments in India. It eliminates the need for physical share certificates.

Which trading application offers the best mobile trading experience?

Apps like Upstox Pro, Paytm Money, HDFC Securities, Fyers markets and Sharekhan app offer excellent mobile trading experiences. These apps provide user-friendly interfaces, real-time data, and various trading features for a seamless trading experience on your mobile device.

Can I perform intraday trading using a trading app?

Yes, you can perform intraday trading using a trading app. Day trading involves buying and selling financial instruments within the same trading day. Many trading apps offer tools and features specifically designed for intraday trading.

How does a trading strategy impact my trading success?

A trading strategy outlines your approach to trading, including entry and exit points, risk management, and goals. A well-defined strategy, based on thorough research and analysis, can greatly impact your trading success by helping you make informed decisions.

Are there any charges associated with using mobile trading apps?

Yes, some trading apps might have brokerage charges, transaction fees, and other related costs. It's important to understand the fee structure of the app you choose before starting trading.

Can I access stock market news and analysis through trading apps?

Many stock market trading apps provide access to real-time market news, analysis, and research reports. Staying informed about market trends and news can help you make more informed trading decisions

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