Discover the Top 10 trading apps in India 2024

In the fast-paced world of finance, having the right tools at your fingertips can make all the difference. We present to you an in-depth analysis as we discover the top 10 trading apps in India 2024 that are poised to revolutionize your trading experience.

Here is a list of top 10 list of trading apps in India

Zerodha Kite – Best for Overall Trading Experience

Why Zerodha Kite Stands Out in the top trading apps in India?

Zerodha Kite emerges as the undisputed leader for both beginners and seasoned traders, contributing to almost 15% of all Indian retail trading volumes. Its robust technology platform and user-friendly interface make it a go-to choice for investors of all levels.

Key Features that Redefine Trading:

• High-speed streaming of market data.
• Advanced charts with a sophisticated user interface.
• Unique “sticky order window” for seamless order placements.
• Leverage indicator for transparent trade assessment.
• Free equity delivery trading with no brokerage fee.
• Direct investment in mutual funds with zero commission.
• Up to 20x leverage on intraday trading.
• 3-in-1 account integration (demat-trading-bank account) with IDFC First Bank.
• Indicative Pricing Structure:
• Equity Delivery: Nil
• Equity Intraday: INR 20

Pros & Cons:

• Available on both iOS and Android.
• Zero brokerage fee for equities delivery trades and MFs.
• Beginner-friendly application and user interface.
• Ideal for passive, active, or algo traders.
• Charge for account opening and maintenance.
• Optional charge for trade SMS alerts.
• No stock tips or free research reports.

Upstox Pro Trading App – Best for Intraday and F&O Traders

Why Upstox Pro Excels in Intraday and F&O Trading?
Backed by marquee investors like Ratan Tata and Tiger Global Management, Upstox Pro is a powerhouse for advanced and seasoned investors seeking diverse trading and investment opportunities.

Key Features Setting Upstox Pro Apart:

• Deals in equities, derivatives, currency, commodities, and mutual funds.
• No commission for MF investments.
• Advanced features including market watch and live stock quotes.
• Up to 5X leverage on intraday trading.
• Indicative Pricing Structure:
• Equity Delivery: 2.5% or INR 20, whichever is less.
• Equity Intraday: 0.05% or INR 20, whichever is less.

Pros & Cons:

• Reasonable brokerage charges.
• Browsing and trading made easy.
• No fees for account maintenance and opening.
• Option to set unlimited price alerts.
• Charges INR 20 for call and trade orders.
• Chart interface needs improvement.
• No research and recommendation services.

5 Paisa – Best for Retail Trading

Why 5 Paisa Dominates Retail Trading?
As one of the fastest-growing trading apps in India, 5 Paisa stands out with its clean user interface and a plethora of offerings, making it a preferred choice for both traders and investors.

Key Features Elevating 5 Paisa:

• Clean user interface for easy navigation.
• Research advisory based on specific goals.
• Real-time access to market data and live stock quotes.
• Basket orders for quick multi-order placements.
• Access to U.S. stocks.
• Indicative Pricing Structure:
• Equity Delivery: INR 20
• Equity Intraday: INR 20

Pros & Cons:

• Extra benefits like no charge for call and trades.
• No charges for opening a demat account.
• Multilingual app support.
• Provides research and recommendations.
• Occasional app hanging issues.
• Distractions due to advertisements.

ICICI Direct – Best for Seasoned Traders

Why ICICI Direct Stands Tall for Seasoned Traders
As one of India’s oldest full-service brokerage providers, ICICI Direct offers a comprehensive suite of services, making it an ideal choice for advanced investors and traders.

Key Features Defining ICICI Direct:

• Analytical tools such as live charting and graphs on option chains.
• Free advisory services and research.
• Smart stock alerts safeguard against high-risk stocks.
• Speedy order placement with a simplified interface.
• Multiple watchlists for stocks, index, and F&O contracts.
• Heat map features for intuitive market insights.
• Indicative Pricing Structure:
• Futures trading and account opening: Nil charges

Pros & Cons:

• Biometric-based log-in for added security.
• Responsive customer service.
• Variety of plans with different features.
• Limited exchange membership.
• Not a technology-driven app.
• Average ratings on iOS and Android.

Kotak Securities – Best For Beginners

Why Kotak Securities Tops for Beginners
With a user-friendly interface and an easy account opening process, Kotak Securities is the go-to choice for beginners, offering a seamless trading experience in stocks, IPOs, derivatives, mutual funds, currency, and commodities.

Key Features Making Kotak Securities Ideal for Beginners:

• Online trading in equity cash, equity derivatives, and currency derivatives.
• Research reports and online courses for informed decisions.
• Nil brokerage fees on intraday trades.
• Margin trading available for enhanced flexibility.
• Basic trading tools such as news section, stock charts, and watchlists.
• Indicative Pricing Structure:
• Equity Delivery: Nil on higher plans; 0.25% on the trade-free plan.
• Equity Intraday: Nil

Pros & Cons:

• Easy user interface for seamless navigation.
• Wide range of research and analysis tools.
• Access to the international market.
• Solid customer support system.
• Features like price alerts not available.
• Does not offer a demo account.

Angel Speed Pro – Best For Heavy Traders

Why Angel Speed Pro Is the Choice for Heavy Traders
Angel Speed Pro by Angel Broking is a robust trading application known for its single-window trading experience, insightful trade monitoring features, and real-time stock updates, making it the top pick for heavy traders.

Key Features of Angel Speed Pro:

• Wide range of offerings, including equities, commodity and currency trading, derivatives, margin trading, and mutual funds.
• Live streaming of rates for instant trade decisions.
• In-depth portfolio analysis with a high-end stocks inbuilt portfolio.
• Instant and real-time news flashes and reports.
• Live market data updates directly in MS Excel.
• Indicative Pricing Structure:
  Equity Delivery: Nil
  Equity Intraday: INR 20 or 0.25%, whichever is less

Pros & Cons:

• Highly customizable app for tailored trading.
• Robust and innovative software for an enhanced experience.
• No charges for account opening and maintenance.
• Responsive customer care service.
• Comparatively higher charges.
• Some user complaints about software compatibility issues.

IIFL Markets Mobile App 

Why IIFL Markets Mobile App Is a Choice for All Investors
As the trading app from IndiaInfoline, IIFL Markets caters to a wide audience, offering a comprehensive range of products and services across equities, currencies, commodities, and mutual funds.

Key Features Making IIFL Markets a Standout:

• Multiple watchlists in NSE, BSE, MCX-SX, and NCDEX.
• Detailed dashboard for indices, commodities, and currencies.
• Live and in-depth coverage of companies and markets.
• Advanced technical charting tools such as Bollinger Bands, MACD, RSI, and moving averages.
• Paperless application for IPOs.
• Instant notification of orders, trades, and news.
• “Call” feature providing intraday tips for informed decisions.
• Indicative Pricing Structure:
  Equity Delivery: INR 20
  Equity Intraday: INR 20

Pros & Cons:

• Easy user interface for seamless trading.
• Free research reports for informed decision-making.
• Responsive customer care.
• Allows placing After Market Orders (AMOs).
• User complaints about problems in the portfolio section.
• Call and trade services with an extra charge of INR 50.

MO Investor – Best For Investing in Equities and MFs

Why MO Investor Excels in Equities and MFs in the top 10 trading apps in india?

Designed by Motilal Oswal Securities, MO Investor stands out for its user-friendly interface, advanced tools, instant price alerts, and a wide array of services catering to equity, derivatives, commodities, currencies, mutual funds, IPOs, bonds, U.S. equities, and portfolio management.

Key Features Making MO Investor a Top Choice:

• AI-powered tools for portfolio rebalancing.
• Value-added services such as SIP via WhatsApp and automated advisory.
• Funding services including loan against securities and margin funding.
• Comprehensive information on positions, margins, and in-depth analysis through research reports.
• Extensive educational materials via online lessons, videos, and blogs.
• Indicative Pricing Structure:
  Equity Delivery: INR 20
  Equity Intraday: INR 20

Pros & Cons:

• User-friendly and quick in its process.
• Easy overview of charts, portfolio, and market events.
• Simple and understandable charting tools.
• No charges for account opening, advisory, and research services.
• Higher brokerage transactional charges.
• Some user complaints about poor customer service.

Edelweiss Mobile Trading App

Why Edelweiss Mobile Trading App Is the Choice for Advanced Analysis
Edelweiss Mobile Trading App stands as the best choice for active traders, providing advanced tools for market analysis and a seamless trading experience.

Key Features of Edelweiss Mobile Trading App:

• Comprehensive market analysis tools such as live charting and graphs.
• Instant and real-time news flashes and reports.
• Evaluate and analyze all investments at once with a high-end stocks inbuilt portfolio.
• Live market data updates directly in MS Excel.
• Indicative Pricing Structure:
  Equity Delivery: Nil
  Equity Intraday: INR 20

Pros & Cons:

• Highly customizable app for tailored trading.
• No charges for account opening and maintenance.
• Very responsive customer care service.
• Some user complaints about software compatibility issues.
• Relatively bulky trading app.

Conclusion

In conclusion, choosing the right trading app is crucial for success in the dynamic world of finance. Whether you are a beginner or a seasoned investor, the comprehensive analysis presented here will guide you in making an informed decision.

Elevate your trading experience with these top-notch apps that cater to your specific needs, and take the first step towards financial success.