Mobile Trading apps are trending as they make it possible to invest in stocks at any time. The widespread appeal of trading apps has led newcomers to enter the trading market. Investors can buy and sell financial instruments, track portfolios, and stay up-to-date with current trends. There are numerous options available on the internet with extravagant features and zero entering charges. But how do you choose the right one?
We are also growing with the exponential growth of the online stock market. Financial literacy has enabled us to select the best trading app with faster speed. You can begin your investment journey by analysing the comparison of the best trading apps in India. So, get ready to open a demat account with these trading apps and make more informed investments.
1. Angel One
Angel One is a multi-purpose trading app for research and market updates. You can kickstart your trading journey with personalised investment strategies. This app has a range of investment options, including IPOS, to cater to a wider customer base. You can quickly open a demat account on Angel One and ask for customer support for equity and derivative trading.In addition, its robo-advisor and ARQ investment engine help you with recommendations on investing. You can find information on work research reports and stock recommends for better investments. Download Angel one app with Angel One referral code to get maximum profit on investment.
App Details
- Downloads- 5cr+
- Ratings- 4.4/5
Key Features and Charges
- Trading Charges:
- Brokerage Charges
- Margin
- Annual Maintenance Charges:
| Brokerage Charges | Amount |
| Delivery | Rs. 0 |
| Intraday | 0.03% or Rs. 20, whichever is less per order. |
| Futures | 0.03% or Rs. 20 whichever is less per order. |
| Options | Rs.20 per executed order |
| AMC for Demat and Trading Account) | Rs. 0 for the first year |
| Margin Trade Funding | 0% for borrowing upto Rs.1 lac for the first 30 days |
2. Zerodha
The app’s name on this platform is “Zerodha Kite”, which offers trading solutions. This trading app has a user-friendly interface and low brokerage charges for trading. You can access real-time data, tech analysis, and an excellent charting tool to enhance investment. This platform is ideal for beginners and experienced traders with free equity delivery trades. Its technical analysis tools help investors make informed decisions with seamless integration. In addition, investors can open a Demat account with zero enrollment charges and a hassle-free process.
| Brokerage Charges | Amount |
| Delivery | Rs. 0 |
| Intraday | Flat Rs. 20 or 0.03% (whichever is lower) |
| Futures | Flat Rs. 20 or 0.03% (whichever is lower) |
| Options | Rs. 20 per executed order |
| AMC for Demat and Trading Account) | Rs. 0 for the first year |
| MTF Interest | 0.04% per day (Rs. 40 per lakh) on the funded amount. |
App Details
- Downloads- 1cr+
- Ratings- 3.8/5
3. Groww
Groww is one of the top trading apps it India that initially began as a mutual fund platform. This mobile application features a straightforward interface that allows new investors to start trading easily. You can understand its functioning and manage investments without complication. This app also enlightens you with educational content to make informed decisions. You can even access informative guides on “how to open a demat account” and start your trading career. Its beginner-friendly tools to explore ETFs make it stand out among other trading app competitors.
App Details
- Downloads- 5cr+
- Ratings- 4.8/5
| Brokerage Charges | Amount |
| Delivery | Rs. 20 or 0.1%, whichever is less |
| Intraday | Flat Rs. 20 |
| Futures | Flat Rs. 20 |
| Options | Rs. 20 per executed order |
| AMC for Demat and Trading Account) | Rs. 0 |
| MTF Interest | 0.043% per day. ( funded amounts less than Rs 25 lakh)0.027% per day (funded amounts of Rs. 25 lakh or more) |
4. Upstox
Upstox is the best stock trading app to invest in stocks, mutual funds, and digital currencies. Upstox offers competitive brokerage rates with a customised chart and technical indicators. The paperless process for opening a demat account serves as a bonus point to kick-start your trading journey with Upstox. This distinctive brokerage house offers a range of services in shares, futures, and options. Create your Demat account with Upstox and access real-time updates, technical features, and an extra security system. You can even deal in exchange-traded funds in a budget-friendly interface. It has one more version name “Upstox Pro”, which is an advanced platform with tools specifically for professional traders
App Details
- Downloads- 1cr+
- Ratings- 4.5/5
| Brokerage Charges | Amount |
| Delivery | Rs. 20 per executed order |
| Intraday | Rs. 20 per executed order or 0.1% (whichever is lower) |
| Futures | Rs. 20 per executed order or 0.1% (whichever is lower) |
| Options | Rs. 20 per executed order or 0.1% (whichever is lower) |
| AMC for Demat and Trading Account) | Rs. 0 |
| MTF Interest | Not applicable |
5. M.Stock
This is an unfunded trading company by Mirae Asset Capital Markets (India) Pvt Ltd. This platform boasts multiple stockbroking services in digital currencies. This brand allows you to deal in stocks, IPOs and more with zero brokerage on every financial instrument. This way, you can trade at low prices with no annual maintenance charges. It has a direct m.Stock plan in which you’re not charged any commission on mutual fund investments. The company has around 250 competitors, with the top three being Angel One, Upstox, and Groww. This is a perfect platform for “not-so-tech-savvy” individuals as it features an easy-to-use interface.
App Details
- Downloads- 1cr+
- Ratings- 4.2/5
| Brokerage Charges | Amount |
| Delivery | Rs.0 |
| Intraday | Rs. 5 |
| Futures | Rs. 5 |
| Options | Rs. 5 |
| AMC for Demat and Trading Account) | Rs. 0 |
| MTF Interest | Rs. 5 |
Conclusion:
The Indian trading landscape offers over 200 trading platforms to invest in digital currencies. These top trading apps cater to different kinds of investors and traders. For instance, Zerodha
stands out for its user-friendly interface and low brokerage fees. However, Upstox Pro is designed for experienced investors and offers advanced features. The Groww Trading app has gained popularity for its educational content and simplified investment. m.Stock has emerged as the most affordable trading solution. Therefore, you can select the best one according to your preferences.
