Do you want to start your investing journey? But you are confused about what to invest in, how to invest in stocks, and which stock trading or investing applications can novices use? However, in this blog, you will get to know about various best trading apps.
Well, trade is the exchange of products and services between two parties. Trading is when you buy something and then sell it for a better price.
However, nowadays, you do not have to leave the comfort of your home. You can trade online at any time and from anywhere on your own phone. There are various best trading apps available that we can use for trading. So, all you have to do is conduct some fast research and download the app from your app store.
Therefore, if you want to know about different trading apps, this blog will provide you with a list of the best stock trading apps. These apps can be easily used by beginners as well. So, let’s start our discussion.
Important Tip: When picking a trading software, opt for one that has basic order placement features. For example, limit orders, bracket orders, etc. This function may be beneficial when it comes to maximizing profits when trading.
List of Best Trading Apps
However, the following is a list of well-known stock trading apps:
Upstox Pro App
Android Ratings: 4.4 / 5 Stars
Android Downloads: 1 Crore+
iOS Ratings: 4.2 / 5 Stars
The Upstox Pro App is supported by notable people like Mr. Ratan Tata. However, it offers many trading choices with an easy-to-use interface. Also, with the help of detailed charts, you may trade shares, mutual funds, digital gold, etc.
Moreover, Upstox is a reliable trading platform. To select where to put your money, you may sign up for price alerts and look at detailed charts.
Features
- Charts to assist you in making smart investing decisions.
- Also, stocks may be bought and sold quickly.
- Orders should be bracketed and orders should be covered.
- Moreover, it notifies you when your favorite stocks’ prices change.
Advantages
- Instant investing
- Charts that are simple to understand.
- Limit orders, market orders, and other types of orders are available.
Disadvantage
- The online version is quite difficult.
Prices
- On stock, mutual fund, and digital gold trades, there is a rupee 0 commission.
- Moreover, for all Intraday & F&O, Currencies & Commodity Orders, 0.05 percent or up to rupee 20.
Zerodha Kite
Android Ratings: 4.2 / 5
Android Downloads: 50 Lakh+
iOS Ratings: 3.3 / 5 Stars
Kite, given by Zerodha, is one of the best trading apps in India. It serves over 5 million customers in India. Moreover, Kite is an easy-to-use and incredibly advantageous mobile app. Also, it allows you to trade in a wide choice of equities.
Features
- There are six different chart styles to assist you in assessing market conditions.
- Also, there are brackets and covers, After Market Order (AMO) and other additional order placing options.
- Also, it provides market news and keeps you informed about happenings that might affect the value of your assets.
- The mobile app is simple to use.
- Set a board for your favorite scripts.
Advantages
- It is possible to use it in ten different regional languages.
- Charts include a lot of data to look at how the market is doing.
- Limit the number of orders.
Disadvantages
- Mutual funds are not to be traded.
- There are no price alerts.
Prices
- For equity delivery deals, use rupee 0.
- Also, Intraday and F&O trades cost rupee 20 or 0.03 percent (whichever is the lowest).
Groww
Android Ratings: 4.3 / 5 Stars
Android Downloads: 1 Crore+
iOS Ratings: 4.5 / 5 Stars
The Groww app’s popularity comes from the ability to trade gold, equities, fixed deposits, and other assets all at once. Moreover, Groww is a self-directed investing app. It allows you to invest in gold, fixed deposits, and global equities. Also, it provides learning materials.
Features
- Invest in gold, fixed deposits, internal and international shares, mutual funds, and futures and options (F&Os).
- Resources for learning
- Also, per day, withdraw Rs 50,000 or 90% of the entire amount deposited (whichever is lesser).
- Self-directed trading
- Advanced charts to help in the analysis of market patterns
Advantages
- There are no account-opening fees.
- Also, there are no account maintenance fees.
- The ISO 27001:2013 certification ensures that your data is secure and safe.
Disadvantages
- Brackets and orders, Cover orders, and other advanced order kinds are not accessible.
Prices
- Brokerage costs for each successful trade are rupee 20 or 0.05 percent (whichever is the lowest).
- Moreover, futures and Options brokerage costs are rupee 20 per order.
5 Paisa Online Trading App
Android Ratings: 4.2 / 5 Stars
Android Downloads: 50 Lakh +
iOS Ratings: 4 / 5 Stars
It is one of the most popular and best trading apps in India. Because of its excellent charting, user-friendly layout, learning materials, and auto-investing capabilities, it is gaining popularity.
Features
- Stocks, mutual funds, currencies, commodities, etc. may all be traded.
- The auto-investing option is based on your individual goals.
- Also, the UI is simple to use.
- Buying and selling are as simple as clicking a button.
- Advanced charts help you with your market research.
Advantages
- Research tools.
- It is simple to use.
- Investing in automobiles.
- Resources for learning.
- Also, there is a rupee 0 commission on mutual fund trading.
Disadvantages
- Charges for ‘Trade on Call’ are 100 rupees for each call.
Prices
- Brokerage fees are 20 rupees for each order.
- Also, the monthly fee for the Power Investor Pack is Rs. 499.
- The Ultra Trader Pack is a monthly subscription that costs Rs.999.
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Edelweiss Online Trading App
Android Ratings: 4.5 / 5 Stars
Android Downloads: 10 Lakh +
iOS Ratings: 4 / 5 Stars
This app is also one of the best trading apps. Edelweiss Online is a 1995-founded trading platform. It provides you with a large number of stocks to trade. Also, it includes several tools for tracking and monitoring market changes.
Features
- Tools for keeping a close eye on every element of the industry
- Also, keeps you up to date on the latest market news and happenings.
- Advanced charts to assist in the analysis of market trends
- Moreover, experts provide real-time stock market comments.
Advantages
- Alerts on price changes.
- Brokerage fees are cheap.
- Tools for market research.
- Market news and updates in real-time.
- There are no account-opening fees.
- Also, there are no account maintenance fees.
Disadvantages
- There is not any way to organise brackets.
- Rupee 20 per-call charge for trading over the phone.
Price: Brokerage fees of ten rupees for every executed order.
IIFL Market Trading Apps
Android Rankings: 4.1 / 5 Stars
Android Downloads: 50 Lakh +
iOS Ranking: 4.1/ 5 Stars
The IIFL Market Trading App is a highly respected trading mobile app. It enables you to trade in a variety of things using easy methods.
Because of the features it provides, the IIFL Market Trading App is one of the best trading apps in India. Moreover, it provides you with free research papers, market trend analysis tools, and much more.
Features
- Stocks, F&Os, currencies, and commodities are all available to trade.
- Tools for analyzing market trends.
- Moreover, free research reports on the top 500 NSE/BSE firms.
- In a few simple steps, you may place a purchase or sell order.
- Also, this allows you to make changes to or cancel your pending orders.
Advantages
- Reports on research for free
- Notifications of market developments
- No account management fees for trading accounts.
Disadvantages
- There will be no Robo-advisor.
Prices
- For equities delivery, there are no brokerage fees in rupees.
- Moreover, for intraday, F&O, currencies, and commodities, there is a rupee 20 charge per completed order.
Fyers App
Android Rankings: 4.1 /5 Stars
Android Downloads: 1 Lakh +
iOS Rankings: 4.2/ 5 Stars
Fyers is India’s one of the best trading apps. It includes several very useful charts for analysing market trends. Also, the mobile app is simple to use and immediately syncs with the web version. In addition, it allows you to access your account from either the web or the mobile app.
Moreover, the Fyers app provides a quick trading experience. Also, it has been thoroughly tested to provide a high degree of security protocol on all levels.
Features
- Free advanced charts are available.
- Also, you may use the site or the mobile app to get the information. Both of them are automatically connected.
- Market trends may be used to study market trends.
- Moreover, it notifies you when relevant stock market information becomes available.
Advantages
- User-friendly interface.
- Notifications and market updates are sent to you.
- For equity delivery, there are no brokerage fees.
- The data spans more than two decades.
Disadvantages
- For orders done over the phone, there is a rupee 20 fee.
- Mutual funds are not traded.
Prices
- Brokerage fees for stock delivery and theme investments are rupee 0 per order.
- Moreover, in all other categories, there is a rupee 20 charge per order.
Final Words
However, we have discussed the several best trading apps above. Now, you can begin your trading and investing journey with your personal mobile phone. Also, all the above-mentioned apps are easy to use. Novices can easily use these apps.
Moreover, if you want to invest a lot of cash. Then go with the app that provides you with an adviser and portfolio advice. In addition, beginners should opt for an app that allows them to create a low-cost portfolio. So, I hope this blog will be helpful for you to choose the best trading apps for trading and investing.