Best Trading Apps in India – 2023

We all are now habituated to the use of mobile phones in our day-to-day lives. And with the added advantage of low-cost internet plans, it is easy to trade in the stock markets within seconds. You can now trade from anywhere, anytime at your fingertips. Many stockbrokers in India are providing the best trading apps and choosing one can be a daunting task for you. So, in this article, we will provide you with a list of the best trading apps in India with a comparison of their benefits, features, and pricing.

But before we dive into the list of best stock trading apps, let us first understand the meaning of mobile trading.

What is Mobile Trading?

It means trading in the stock market through the use of mobile phones. You can trade in stocks, mutual funds, etc., in a single app and sell it at your desired prices in no time. It is more advanced and easy to use than traditional trading. If you are a day trader, you may need the desktop software for continuous monitoring, but for all others, a mobile app is good enough.

How to select The Best Trading App in India?

There are different parameters to select the best trading app in India and here is the list of them:

• User interface: A good app should always have a seamless user interface with easy and quick trade execution.

• Reviews: Another point is to look for user reviews in the Play Store and app store. You will always find a mix of positive and negative reviews, so be smart and understand what the real ones and the fake ones.

• Ratings and number of app downloads: To check which are the most popular trading apps, you can check their ratings and no. of app downloads in the Play Store and app store. Select the one with the highest ratings and downloads.

• Different trading options: When selecting a trading app, look for one that offers a broad range of products like stocks, mutual funds, algo trading, commodity trading, etc.

• App charges: There are many apps for online trading and to select one, you need to look for other fees associated with the trading app such as brokerage charges, account maintenance charges, account opening charges, etc.

8 Best Trading Apps in India 2023

List of 8 best trading apps in India:

1. Zerodha Kite App
2. Upstox Pro App
3. Angel Broking App
4. Sharekhan App
5. Motilal Oswal MO Investor App
6. 5 Paisa Trading App
7. IIFL Markets App
8. Groww App

Comparison of the Best Trading Apps in India 2023

Zerodha Kite App

Zerodha is one of the leading stockbrokers in India offering an excellent online trading platform, known as Kite. Kite is one of the best trading apps in India and the main USP of the app is that it has a very simple user interface and is very easy to use. Even if you are a beginner, this app can be suitable for you.

App Ratings and Downloads:

iOS Ratings: 3.1 stars out of 5

Android Ratings: 4.3 stars out of 5

Android downloads: 10M+

Top Features of Zerodha Kite:

• Equity delivery trading with no charges.
• On intraday dealing, you can get up to 20x leverage.
• Advanced charting options with over 100 indicators.
• Provide in-depth analysis of your portfolio and day-to-day trades.

Pros of Zerodha Kite:

• Compatible with both iOS and Android
• Ideal for passive, active, or algo trading
• It is available in more than 10 regional languages
• Reliable security options
• Real-time order updates

Cons of Zerodha Kite:

• Charge extra for trade SMS notifications, which are optional
• Does not provide any free stock recommendations or study reports
• Opening an account requires time because the verification process takes too long

Brokerage Charges:

Equity Delivery: Zero

Equity Intraday: 0.03% or flat Rs 20 /executed order (whichever is lower)

Other Charges:

Zerodha Account Opening charges: Rs 200

Offline Account Opening: Rs 400

Trading Account AMC: Rs 0

Demat Account AMC: Rs 300 per year

Partner Products from Zerodha:

• Small case: Thematic investment platforms
• Streak: Algo trading Zerodha
• Sensibull: Options trading platform
• GoldenPi: Bonds & debentures trading platform

Website link: https://zerodha.com/

Upstox Pro App

It is another popular app by Upstox, previously called RKSV Securities. Upstox Pro is an Indian discount broker that provides different trading options in stock, derivatives, currency, and commodities. It is backed by some marquee investors like Mr Ratan Tata, and Tiger Global Management.

App ratings and downloads:

iOS Ratings: 3.9 stars out of 5

Android Ratings: 4.2 stars out of 5

Android downloads: 50L+

Top Features of Upstox Pro App:

• You can invest in gold, mutual funds, and IPOs
• Get up to 5X leverage on intraday trading
• Instant updates on price alerts
• A universal research tool for finding all types of stocks
• Other features like advanced charts, real-time stock price quotes, different technical indicators, etc.
• Customers can use the Upstox API and do algo trading, view live market data, analyze historical data, and manage their portfolios.

Pros of Upstox Pro App:

• Affordable brokerage charges
• You can trade directly from the charts i.e, also known as the TFC feature
• It is very simple to navigate between screens and trade
• Stocks are quickly purchased and sold

Cons of Upstox Pro App:

• More user complaints on the updated version of the app.
• Does not offer any research recommendations.

Brokerage Charges:

Equity Delivery: Rs 20 or 2.5% (whichever is lower) per order

Equity Intraday: Rs 20 per executed order or 0.05% (whichever is lower)

Other Charges:

Upstox Pro Account Opening charges: Rs 0 (Free)

Trading Account AMC: Rs 0

Demat Account AMC: Rs 0

Website link: https://upstox.com/

Angel Broking App

Among the best trading apps in India, the Angel broking app provides excellent time-saving features for investors and traders. Any beginner can use their platform because of its simple user interface. Besides being very safe and secure, this application also offers frequent updates that increase its functionality and versatility.

App ratings and downloads:

iOS Ratings: 3.7 stars out of 5

Android Ratings: 3.8 stars out of 5

Android downloads: 1 Cr+

Top Features of Angel Broking App:

• Offerings include dealing in stocks, commodities, and currencies, as well as derivatives, margin trading, and mutual funds.
• Real-time news and reports
• Option to choose from readymade portfolios
• Investing in international stocks is also available

Pros of Angel Broking App:

• Highly customizable watchlists
• Innovative and easy-to-use software
• Fractional investment is possible
• Transfer of funds in a single app

Cons of Angel Broking App:

• The trading app is a little bulky
• There is no GTC/GTT order option

Brokerage Charges:

Equity Delivery: Rs 0 (Free)

Equity Intraday: Rs 20 / Executed Order Or 0.25% (Whichever Is Lower)

Other charges:

Angel Broking Account Opening charges: Rs 0 (Free)

Trading Account AMC: No charges (Rs 0) for the first year

Demat Account AMC: No charges (Rs 0) for the first year

Website link: https://www.angelone.in/

Sharekhan App

This app is suitable for both investors as well as traders. It is one of the oldest brokers in India offering excellent tools to its customers. You can use this app for online trading and to trade or invest in stocks, derivatives, currencies, mutual funds, bonds, IPOs, and commodities, do algo trading as well as maintain track of your portfolio.

App ratings and downloads:

iOS Ratings: 2.7 stars out of 5

Android Ratings: 3.4 stars out of 5

Android downloads: 5 M+

Top Features of Sharekhan App:

• Provides demat account services to both native Indians and NRIs
• Advanced charting options with more time frames
• Wide range of products and services
• NEO – goal-based investment instrument
• Quick online money transfer has been enabled with 12 banks

Pros of Sharekhan App:

• Excellent customer support
• No minimum deposit
• Options of placing various orders like Bracket orders, Sell against margin (SAM), etc.
• Free learning resources are available
• Updated market news, customized watchlists, algo trading software, and the portfolio section keep account of the performance of all stocks in the portfolio.

Cons of Sharekhan App:

• High brokerage charges if compared to other brokers
• User complaints on slow upgrades
• EQ ledger balance cannot be seen in the app.

Brokerage Charges:

Equity Delivery: 0.30% on the market rate or a minimum of 1 paisa per share

Equity Intraday: 0.02% on market rate or minimum 1 paisa per share (each side)

Other Charges:

Sharekhan Account Opening charges: Rs 0 (Free)

Trading Account AMC: No charges (Rs 0) for the first year

Demat Account AMC: No charges (Rs 0) for the first year

Website link: https://www.sharekhan.com/

Motilal Oswal MO Investor App

Motilal Oswal is another broker offering a wide variety of products like stocks, IPOs, mutual funds, commodities, currency, algo trading, portfolio management services, and much more. They also have a dedicated team for research. If you are a beginner, you can commence with Motilal Oswal for assistance and guidance.

App ratings and downloads:

iOS Ratings: 3.6 stars out of 5

Android Ratings: 4.1 stars out of 5

Android downloads: 5 M+

Top Features of Motilal Oswal App:

• In-depth research reports and recommendations
• They have an AI-powered tool that helps in portfolio restructuring that helps to rebalance the entire portfolio and thus optimize returns
• Learning resources for both novice and experienced traders
• Use the bulk order function to execute numerous orders with a single click

Pros of Motilal Oswal App:

• Expert guidance on investing and trading
• Market screeners to identify trending companies
• Algorithm trading products like option writer and option decoder
• Makes it possible to quickly review charts, portfolios, and impending market events

Cons of Motilal Oswal App:

• High brokerage charges
• User complaints on no updation on the app interface

Brokerage Charges:

Equity Delivery: 0.20%

Equity Intraday: 0.02%

Other Charges:

Motilal Oswal Account Opening charges: Rs 0 (Free)

Trading Account AMC: Rs 0 (Free)

Demat Account AMC: No charges (Rs 0) for the first year

Website link: https://www.motilaloswal.com/

5Paisa Trading App

5 Paisa is a discount broker known for its low brokerage charges. It is a rapidly growing best stock trading app in India that provides a free Demat account. This app provides easy access to live information from the NSE, BSE, and MCX markets, as well as features such as charts and analytical tools, learning videos, watchlists, notifications, and more.

App ratings and downloads:

iOS Ratings: 4.2 stars out of 5

Android Ratings: 4.2 stars out of 5

Android downloads: 1 Cr+

Top Features of 5 Paisa App:

• Simple and clean user- interface
• Advanced tool choices for charts and multi-asset watchlists are provided
• You can invest in US stocks
• Option to make unlimited price alerts and numerous watchlists
• Order placement in just one click

Pros of 5 Paisa App:

• No commission on mutual fund investing
• Best for auto investing
• Easy to use algo trading software and also there are no charges for performing algo trading
• The app supports numerous languages
• Quick demat account opening process

Cons of 5 Paisa App:

• Only suitable for users with high internet speed
• Complaints about the app occasionally hanging

Brokerage Charges:

Equity Delivery: Rs 20 per executed order

Equity Intraday: Rs 20 per executed order

Other Charges:

5Paisa Account Opening charges: Rs 0 (Free)

AMC charges: Rs 300 per year

Website link: https://www.5paisa.com/

India Infoline (IIFL) Markets App

IIFL is one of the most reputed brokers and a full-service broker. They offer a variety of products & services to their clients along with free stock research and recommendations. They also provide personalized services to their clients, so it is highly recommended for novice traders or investors. Offering so many products & services, in return, they are charging a slightly higher brokerage as compared to other brokers.

App ratings and downloads:

iOS Ratings: 4.4 stars out of 5

Android Ratings: 4.4 stars out of 5

Android downloads: 5 M+

Top Features of IIFL Markets App:

• Research reports by an expert
• Detailed and sophisticated dashboard for indices, currencies, and commodities
• It also allows guests to log in
• Algo trading software available- Blitz
• Blitz is an advanced algo trading interface for Pro traders

Pros of IIFL Markets App:

• Free in-depth research reports to make a better decision
• You can create multiple watchlists and it is customizable
• It also allows you to invest in digital gold
• After-Market Orders (AMOs) are permitted

Cons of IIFL Markets App:

• No option to invest in bonds
• Call and Trade services are chargeable i.e., Rs 50.

Brokerage Charges (iServe):

Equity Delivery: Rs 20 per executed order

Equity Intraday: Rs 20 per executed order

Other Charges:

IIFL Account Opening charges: Rs 0 (Free)

Trading Account AMC: Rs 0 (Free)

Demat Account AMC: Free for the first year

Website link: https://www.iifl.com/

Groww App

It is the fastest-growing brand offering you a variety of products and services. It allows you to trade in mutual funds, equities, fixed deposits and digital gold. Also, there are no commissions or fees associated with it. You can invest in direct mutual funds through SIP and as a lumpsum.

App ratings and downloads:

iOS Ratings: 4.3 stars out of 5

Android Ratings: 4.5 stars out of 5

Android downloads: 10 M+

Top Features of Groww App:

• Built-in mutual fund calculator
• Numerous types of technical charts, tools and indicators
• You can also invest & trade in US stocks
• You can place your purchase order with a single click
• Dashboard to track all your investments

Pros of Groww App:

• You can shortlist mutual funds, stocks, etc based on asset category
• No account opening charges
• You can also get an instant personal loan in the app
• Simple and intuitive user interface
• Simple and hassle-free online account opening process

Cons of Groww App:

• Does not offer After Market Orders, Cover Orders, and Bracket Orders
• Not very advanced features for intraday trading

Brokerage Charges:

Equity Delivery: Rs 20 or 0.05% per executed order (whichever is lower)

Equity Intraday: Rs 20 or 0.05% per executed order (whichever is lower)

Other Charges:

Groww Account Opening charges: Rs 0 (Free)

Trading Account AMC: Zero (Free)

Demat Account AMC: Zero (Free)

Website link: https://groww.in/

Documents required to open a Trading App

• Photo ID Proof: Aadhaar card / Passport / Voter ID / Driving license / PAN Card
• Address Proof: Electricity Bill / Bank Statement / Landline bill / Bank Statement / Passport / Voter ID / Ration card
• Bank Proof: Account statement / Bank passport / Cancelled cheque
• Income Proof (Optional): Last three months’ pay slip / six months’ bank statement
• The registered sale or lease agreement / Driving license
• 1 passport-size photograph
• Signature on white paper

FAQs about Best Trading Apps in India