There has been a sharp increase in demand for effective and user-friendly trading apps due to the changing nature of the Indian financial market. The way traders and investors manage their portfolios, carry out research, and place trades has been completely transformed by the best share market app in India. With the help of research tools, real-time market data, and a smooth interface, these trading apps and websites enable users to easily navigate the complexities of trading stocks, commodities, and currencies.

These apps have developed into essential tools, offering accessibility, convenience, and a multitude of resources at your fingertips, regardless of your level of experience as an investor or your desire to start trading. The best trading apps in India that have become well-known for their dependability, functionality, and capacity to assist users in making wise financial judgments are discussed in this blog. You can also download these best trading apps 2024 for quick platform access, place a trade, stream news, and get alerts.

What is Trading in the Stock Market?

The act of purchasing and selling shares of publicly traded corporations is known as stock market trading. To profit from fluctuations in the price of these shares, investors trade. Purchasing shares entails acquiring a fractional ownership of the company, and the appreciation or depreciation of your investment is subject to a range of factors such as market sentiment, economic conditions, and corporate performance. There are many different types of trading, from long-term investing techniques to short-term, high-speed activities like day trading. Although trading is an exciting and possibly profitable undertaking, it also carries risks, so traders must have an understanding of the market and a well-thought-out trading plan. With the best trading app, you can purchase stocks and sell them the same day if you make a profit.

Benefits Of Using Trading Apps In India

• It is simple & quick to place an order from any location at any time.
• Live updates on the stock market
• Get Notified in a Timely Manner
• Fast order execution and 24/7 market access
• Past Research, Reports, and Charts
• Safe & Secure money transfer
• Simple IPO & mutual fund applications

Top 10 Trading Apps In India 2024

Top stock brokers have given the best trading platform in India. You can begin trading on the short term or buy shares for long-term investment. Even for beginners, these apps for online trading might be helpful. These trading apps are available for download on iOS and Android smartphones. So let's thoroughly read about some of the best trading apps in India.

• Zerodha Kite
• Angel One
• Paytm Money
• 5paisa
• Sharekhan
• Upstox
• ICICI Direct
• Mstock
• Yes Securities
• Motilal Oswal

1. Zerodha Kite

Zerodha Kite is one of the most advanced mobile trading applications in India with an easy-to-use interface for beginners. The user-friendly interface and extensive feature set have contributed to its increasing popularity among traders. With over a crore downloads, it is the best trading app in India and provides suggestions for stocks that you can trade or invest in. Real-time market data, sophisticated charting tools, and the opportunity to trade a variety of asset classes including derivatives, equities, commodities, and currencies, are all offered by Zerodha Kite. For beginner and experienced traders, it is a precious means with its additional capabilities, which include cover orders and bracket orders. When investing, the app costs no brokerage; but, when trading futures and options, it charges a fixed fee of Rs. 20. For many Indian investors who want to trade stocks, Zerodha Kite has been their first choice because of its intuitive layout and adaptable design.

Features of Zerodha Kite App

• Easy-to-use interface that makes navigation simple.
• Current market data, such as indexes and stock prices.
• Technical indicators and advanced charting tools.
• Assistance with trading in futures, stocks, commodities, and currencies.
• Compatibility with mobile, online, and desktop platforms.
• Account management integration with Zerodha Console.
• Transferring money between bank accounts and trading is simple.

Pros Of Zerodha Kite App

• Compatible for 10 regional languages.
• Universal instrument search with just one tap for all contracts on all exchanges (NSE, BSE, MCX)
• Complex chart with more than 100 indicators
• Ideal trading app in India for beginner and experienced traders

Cons Of Zerodha Kite App

• When modifying or removing scripts from the market watch, users encountered a few small difficulties.
• The chart is repeatedly taking a while to load.
• IPOs and mutual funds are not available as investment options.

2. Angel One

The Angel One trading app is a simple-to-use mobile app made for traders of all skill levels. With the aid of this app's numerous capabilities, users may make well-informed trading judgments. They provide a range of services to their clients, including mutual funds, insurance, and brokerage. It provides configurable charts, indicators for analysing market patterns, and real-time market data. Angel One makes it simple for users to track their investments, manage their portfolios, and execute trades. Additionally, the app provides users with learning resources to help them become better traders, like webinars and tutorials. Angel One is the best trading app in India for successfully and efficiently navigating the financial markets, regardless of level of experience. Earlier to 2019, they used to charge according to a percentage of traded value under the full service model. They have now reduced the fees and are using the discount brokerage approach.

Features of Angel One

• To assist in making investing decisions, access to charts and analytical tools is provided.
• Angel One’s ideas and professional judgement in the building of a portfolio.
• Provides both put and call options, either in combination or individually.
• The user can select the data option that best suits their needs.
• Gives access to market data for investment, study, and trading.

Pros Of Angel One

• Mutual funds and IPOs are available.
• Various trading platforms to meet various requirements.
• Streaming Market Watch and seeing multiple indices with real-time pricing
• No brokerage fees

Cons Of Angel One

• Available only to citizens and residents of India
• Exclusive to the Indian market
• No deposit with a credit card

3. 5paisa

The best trading platform in India is the highly regarded 5paisa app. It is an excellent choice because it enables its clients to trade at the three major exchanges: BSE, NSE, and MCX. Through an intuitive and feature-rich app, it provides a variety of financial services, such as trading in stocks and commodities, investing in mutual funds, purchasing insurance, and more. They charge Rs 20 for each completed order, which is similar to Upstox and Zerodha. Delivery brokerage isn't zero, though. To assist users in making wise financial selections, the app also offers a research and advisory area. For both iOS and Android mobile platforms, this software is accessible. Almost all of the capabilities required by an investor or trader are available in this fully functional and intelligent mobile trading app. The 5paisa app has grown to be a popular option for many Indian traders and investors wishing to manage their financial portfolios effectively mainly due to its convenience and adaptability.

Features of 5paisa

• Research guidance according to the particular objectives.
• Access to live stock quotes, price updates, and market data in real time.
• Extra tool choices for multi-asset watchlists and charts.
• Introduced basket ordering, allowing customers to click once to place several orders.
• Permits buying S. Stocks.
• Renowned for Auto Investing.

Pros Of 5paisa

• Low-cost equity delivery trading with no brokerage.
• Simple app feature for opening a Demat account.
• Real-time NSE and BSE stock quotes, similar to those seen in ET Markets.
• No maintenance fees for Demat accounts.

Cons Of 5paisa

• Customers receive margin funding without prior warning.
• Very high demat debit transaction charges.
• Extra exchange transaction fees to compete with other bargain brokers.
• In the Optimum plan, Call & Trade is offered for an extra Rs 100 per call.

4. Paytm Money

In India, Paytm Money is a well-known financial services platform with a large selection of investment options. It is a division of Paytm, one of the top e-commerce and digital payment companies in the nation. Paytm Money is a smartphone application that is both convenient and easy to use, allowing users to invest in stocks, mutual funds, and exchange-traded funds (ETFs). Paytm Money's features, which include paperless KYC, comprehensive investment analytics, and an intuitive user interface, have made investing possible for a broad spectrum of people, from beginners to experienced investors. Paytm Money is one of the best trading apps in India. Additionally, one can register a Demat account and trade stocks on the BSE and NSE. Investors may also put money into the National Pension System (NPS). Account opening and maintenance are free, while intraday and equity delivery charges are as low as Rs 10 per order. Because of its focus on financial inclusion and user-friendliness, it has gained prominence in the Indian investment market.

Features of Paytm Money

• Gives consumers the option to invest in a range of mutual funds, such as debt, hybrid, and equity funds.
• Offers a stock market platform for the purchase and sale of equities in India.
• Gives consumers the option to buy and trade digital gold with ease.
• Offers a hassle-free, paperless KYC process for creating accounts.
• Helps customers to define financial objectives and make appropriate investments.
• Assists consumers in keeping track of the performance of their investment portfolio.

Pros Of Paytm Money

• There are numerous investment options accessible, such as equities, mutual funds, and digital gold.
• Simple and easy Know Your Customer (KYC) verification procedure.
• Simple mutual fund investment through Systematic Investment Plans (SIPs).

Cons Of Paytm Money

• Absence of Margin Facility.
• NRI trading is not available on Paytm Money.
• Paytm Money does not allow for the exchange of commodities or currencies.
• No Branch Support is available.

5. Sharekhan

As one of the pioneers in the industry, Sharekhan is the go-to choice for many investors due to its extensive branch network and robust research reports. In addition to having a mobile app for trading and investing, it provides a variety of investment alternatives. You can trade or invest in stocks, bonds, mutual funds, currencies, initial public offerings (IPOs), commodities, and keep an eye on your portfolio with this app. To help users make wise investing decisions, the Sharekhan App provides real-time market data, sophisticated charting tools, research reports, and customised watchlists. The Sharekhan App is an invaluable resource for anyone wishing to trade in the Indian financial markets because of its feature-rich interface and ability to cater to both beginner and experienced traders. While the app offers several sophisticated and simple features, some of its more intriguing features make it stand out as the best trading apps in India.

Features of Sharekhan

• Opening a demat account is free of charge.
• There are several brokerage options available, including lower brokerage structure pre-paid account maintenance programs.
• Live stock prices, a single trading interface, limitless charts, sophisticated chart capabilities, and shortcut keys for easy access.
• Products include exchange margin funding, sharekhan school, pattern finder, tradetiger, and dial-n-trade.
• Fund transfers can be made quickly online using 12 banks.
• Brokerage fees vary based on the plan and the amount of the transaction.

Pros Of Sharekhan

• Thorough research reports and suggestions.
• Quick and simple choices for depositing and withdrawing money.
• Options for investments besides stocks.
• Using the best online stock market apps, trading is quick and easy.

Cons Of Sharekhan

• Due to their lack of banking services, Sharekhan is unable to offer 3-in-1 accounts.
• Brokerage fees are based on a percentage and are therefore higher than those charged by flat fee brokers.
• It costs a minimum brokerage of 10 paisa per stock, and you cannot trade equities for less than Rs 20.
• Commodities cannot be traded by holders of classic accounts.

6. Upstox

Offering one of the best low-cost brokerage services in India, Upstox is a well-known and easy-to-use mobile trading platform. With real-time market data, advanced charting tools, and the ability to trade a wide range of asset classes, including derivatives, stocks, commodities, and currencies, this app gives traders and investors more control. It is appropriate for a range of trading techniques because of its characteristics, which include several order types, such as bracket and cover orders. For individuals looking to trade Indian stocks while on the go, the Upstox app is a top option due to its user-friendly layout and smartphone accessibility. Well-known financiers like Mr. Ratan Tata supports the Upstox app. Currently, it is regarded as one of the best trading apps in India and has an online version as well.

Features of Upstox

• Investment options include MFs, IPOs, and gold.
• No investment commission for MFs.
• Numerous technical indicators and advanced charting tools are available.
• Advanced features include live stock quotes, advanced charting, and market watch.
• App that is well recognized for instant investing.

Pros Of Upstox

• Charts with a variety of types, intervals, and drawing styles
• Quick and simple account creation.
• Mutual funds and IPOs are available.
• Skillfully created user interface
• Equity delivery with no brokerage.

Cons Of Upstox

• For stock deliveries, there is a brokerage fee of Rs 20 per trade.
• Delivery transactions are not eligible for margin funding.
• Does Not Provide Recommendations Or Stock Suggestions.

7. ICICI Direct

Situated inside the ICICI Group, ICICI Direct is one of the most established full-brokerage service providers in India. One of the best trading apps in India is ICICI Direct, which offers more than 50 lakh users online trading and investment services. The app provides an easy-to-use trading platform for a variety of financial assets, such as mutual funds, stocks, and derivatives. A smooth interface for managing investment portfolios, research reports, sophisticated charting tools, and real-time market data are all provided. They've removed all obstacles from investing in both new and current fund offers (NFO). Both beginner and experienced investors favour the ICICI Direct app because of its features, which include a fund transfer function and a SIP (Systematic Investment Plan) calculator that enable users to make well-informed trading choices. You may open Demat accounts with this cross-platform app as well, which enables you to start trading on the NSE Nifty and BSE Sensex right away and without exerting any effort.

Features of ICICI Direct

• Dealing in stocks, futures, mutual funds, and further financial instruments.
• Current stock prices and market information.
• Market insights and research studies are available.
• Monitoring and managing a portfolio.
• Calculator for Systematic Investment Plans (SIPs).
• Smooth banking integration and money transfers.
• Order placement and tracking in real-time.
• Accessible on both mobile and web platforms.

Pros Of ICICI Direct

• Numerous features are offered by this top trading app in India.
• No requirement for a minimum deposit
• Various financial instruments are available for trading.
• Customise themes and user interface to your specifications.

Cons Of ICICI Direct

• There are no discounts offered on ICICI direct brokerage.
• For traders who execute minor trades, the basic I-Secure Plan minimum brokerage price from ICICI is an exorbitant Rs 35 per trade.
• For equities that quote up to Rs. 10, ICICI charges a flat brokerage fee of Rs. 0.05 per share.

8. Mstock

The mStock app is a user-friendly smartphone app made especially for investors in the stock market. Users can keep up with real-time stock prices, news, and portfolio management with the Mstock app's modern interface and simple functionality. Whether you are a beginner or an experienced investor, the Mstock app offers insightful analysis and helpful insights to support your decision-making. Exclusively created by Mirae Asset, mStock is a cutting-edge stock market trading app that enables you to realise your aspirations of investing and online trading. This software provides an easy-to-use interface for monitoring and controlling your stock investments, complete with customizable alerts and market statistics. Mstock is one of the best share market apps in India. For a one-time price of Rs. 999, it offers lifetime 0% brokerage on every product. Keeping up with the stock market and managing your finances has never been simpler than with the Mstock app.

Features of Mstock

• Put orders with only one click and take advantage of market opportunities in real time.
• Best possible option chain analysis with the most up-to-date open interest and strike prices.
• Advanced order formats including 2-legged cover orders and After Market Orders (AMO) can be clicked on.
• Create a trading portfolio and see your investments, profit, and loss all on one page.
• Don't miss out on any market possibilities by setting up price notifications for your favourite stocks.
• With a one-time account opening fee and Demat AMC, pay no brokerage on any product for the rest of your life.
• Get up-to-date information on all stocks, contracts, and market indices for simple tracking and monitoring.

Pros Of Mstock

• All products have a lifetime zero brokerage.
• Quick onboarding in 5 minutes.
• Place an order with just one click.
• Lowest interest rate, with MTF (eMargin) starting at 7.99%

Cons Of Mstock

• Mstock does not provide research reports, trading advice, analysis, or recommendations on stocks.
• Commodity investing is not yet an option.
• If investors do not choose the Rs 999 Zero Brokerage option, they would be charged a standard AMC of Rs 120 each quarter.

9. Yes Securities

For trading and investing purposes, Yes Securities offers a mobile app that offers a quick and easy platform. It is a one-stop shop for investing in stocks, mutual funds, IPOs, currencies, and commodities. The Yes Securities app is well-known for its intuitive design, real-time market data, sophisticated charting capabilities, and trading support for a wide range of asset classes, such as derivatives, commodities, and stocks. In order to help consumers make wise investment selections, it also provides tools like market insights and research reports. You can open a 3-in-1 trading account at Yes Securities, which combines online trading, bank accounts, and demat accounts into one platform. For traders and investors, Yes Securities is one of the best trading apps in India because of its multi-device compatibility, which guarantees that investors can access their accounts and stay informed about the financial markets from anywhere.

Features of Yes Securities

• Easy trading and investment with a simple Interface.
• Access to a large variety of asset classes, including derivatives and stocks.
• To make well-informed decisions, consult research reports and market insights.
• The ability to trade across multiple platforms and devices.
• Tools for managing accounts and keeping track of portfolios.
• Connectivity with the services and offerings provided by Yes Securities.
• Fund transfer solutions that are both seamless and secure.

Pros Of Yes Securities

• Provides three-in-one account services.
• Increased leverage on intraday equity up to 40x.
• Technical and basic calls are directed to a dedicated research desk.
• More than 50 branch offices throughout India.

Cons Of Yes Securities

• Increased brokerage fees.
• No ability to trade commodities.
• No trading platform on a desktop.
• The Call & Trade feature has a fee.

10. Motilal Oswal

With its powerful mobile trading app, Motilal Oswal provides consumers with an easy-to-use and feature-rich platform for stock market investments. The Motilal Oswal app offers a number of investing possibilities along with calls and suggestions supported by research. They provide a vast array of products, including bonds, currency, life insurance, mutual funds, stocks, and portfolio management services (PMS). Even though Motilal Oswal has higher brokerage costs than inexpensive stockbrokers, it is still among the top trading apps in India. It is designed for beginners as well as professionals. Its cutting-edge artificial intelligence (AI) skills provide you with portfolio optimization advice. The Motilal Oswal app is a well-liked option for Indian traders who want to make wise investing selections while they're on the go because of its user-friendly layout and variety of financial tools. That is why it is the best trading app in India for beginners.

Features of Motilal Oswal

• Exchange digital gold without requiring any papers.
• You have access to reports on market analysis created by professionals.
• Resources for both beginner and expert traders to learn from.
• You can search for stocks, commodities, and other assets you want to track and trade using the stock scanner.
• Use the bulk order function to execute many orders with a single click.
• It gives you an overview of the locations, restrictions, and instructions.
• Platforms for advanced trading.

Pros Of Motilal Oswal

• You trade with one of India's best brokers.
• Dependability and safety are guaranteed.
• You are able to have a unique client experience.
• The web portal offers a digital robotic advisory service.

Cons Of Motilal Oswal

• Extremely high brokerage fees when compared to other full-service brokers.
• Not available as a 3-in-1 account.

Are these Indian trading apps safe to use?

For anyone thinking about using Indian trading apps, safety is their top priority. Even if a lot of these apps are governed and follow tight security guidelines, investors still need to be cautious and do their research. Choose apps with a solid track record of user happiness and registration with the relevant authorities. Additionally, make sure your financial and personal information is maintained private and always utilise two-factor authentication. In the end, Indian trading apps are safe because users take precautions to protect their accounts and app providers follow a set of guidelines.

Documents Needed to Open Trading Account App

Identity Proof:

• PAN card
• Voter's ID
• Passport
• Driving licence
• Aadhaar card

Address Proof:

• Landline bill
• Electricity bill
• Bank statement
• Ration card
• Passport
• Voter's ID

Income Proof (Optional):

• Last six months' bank statement
• Three months' salary slips
• Income tax return (ITR)

Bank Proof:

• Cancelled cheque
• Bank passbook
• Bank account statement

Additional Documents:

• Registered lease or sale agreement
• Driving licence
• One passport-size photograph
• Your signature on a piece of paper

Conclusion

The best trading apps in India provide a wide range of choices, each of which meets the unique requirements and tastes of traders and investors. These applications, which offer accessibility, real-time data, advanced tools, and user-friendly interfaces, have completely changed how people interact with the stock market. There is probably a trading app that meets your needs, regardless of your level of experience in the financial markets. These apps are anticipated to develop and provide even more advanced capabilities as technology advances, enabling Indian investors to take part in the exciting world of trading. To ensure the safety and security of their money, be sure to use just these best trading apps in India.