Top 5 Trading Apps in India

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Top 5 Trading Apps in India

Buying and selling financial assets in markets with the intention of earning a profit is referred to as trading. A trading app is a mobile application which enables its users to trade securities. Both inexperienced and seasoned investors in India are provided with a large selection of trading apps and trading platforms. However, not all trading apps can be trusted due to the rise in scams.

In this post, we bring to you the list of the top 5 trading apps in India which can be downloaded easily from the Play Store or Apple Store.

Which Apps is Best for Trading

Here is the list of the best trading app in India.

1. Zerodha

Zerodha’s operations kick-started on 15th August in 2010 with the objective of breaking down all the barriers faced by traders and investors in India when it comes to cost, support and technology. The company’s name Zerodha is a combination of two words, Zero and “Rodha” - Sanskrit word for barrier. Two brothers Nithin and Nikhil Kamath founded this trading platform.

Zerodha is one of the biggest stock brokers in India due to its disruptive pricing models and in-house technology. The trading platform has more than 1 crore clients who place millions of orders daily and contribute to over 15% of all Indian retail trading volumes.

Users can download Zerodha for online trading and investing in stocks, derivatives, currencies, commodities, bonds and mutual funds.

Key Features of Zerodha

The key features of Zerodha include:

• Fast streaming of market data, advanced charts and sophisticated user interface.

• The "sticky order window" was introduced to make it simple to place several orders using the same input.

• "Leverage indicator" helps determine how much leverage is being used in a certain trade against equities companies.

• Deep analysis of the entire portfolio and daily trades.

• Advanced features such as the "view breakdown" that shows securities transaction tax and brokerage fees.

• Brokerage fees-free trading of free equities delivery.

• Mutual fund (MF) direct investing without any commission fees.

• Leverage on intraday trading up to 20 times.

• Choice to open a demat trading bank account (a 3-in-1 account) with IDFC First Bank.

• The ability to apply for Initial Public Offerings (IPOs) straight through the app.

2. Groww

Groww was founded in 2016 as a direct mutual fund investment platform but later in 2020, it added stocks and now, it allows a variety of investment options. It has millions of customers, and more than 1000 team members. The account opening and maintenance charges for Groww demat account are zero. However, the app does charge its users for trading i.e. Rs. 20 or 0.1% per order (whichever is lower.)

By downloading the Groww app, users can invest in various financial instruments, such as stocks, mutual funds, IPOs, digital gold and ETFs. Many traders are in awe of Groww as it offers a simple and user-friendly experience for all.

Key Features of Groww

The key features of Groww include:

• Stocks, mutual funds, gold, US stocks, and fixed deposits investment options.

• a focus on using encryption and verification techniques to ensure the safety and security of client data and transactions.

• SIP calculator, watchlist, portfolio tracker, stock screener, live market updates, smart notifications, and more.

• Professional guidance and support from analysts offering research reports, suggestions, advice, and insights on different companies and mutual funds will offer professional direction and assistance.

• Committed customer service team available around-the-clock to help with queries or complaints. 

3. AngelOne

As a traditional stock brokerage firm, AngelOne was started in 1996. The company gradually changed into a digital-first company to provide its clients personalized financial journeys with the help of a single mobile trading app. In 2019, Angel One initiated its digital journey by providing end-to-end digital investment services to its customers.

AngelOne has over 2 crores clients who trust it. Other than online trading and investment, the app also provides consulting services, margin trading, smart orders, algorithmic trading, etc. For intraday trading, AngelOne charges brokerage fee of Rs. 20 or 0.03% per executed order, whichever is lower. 

Opening a demat account on the Angel One app is completely free of cost. However, it does charge annual maintenance fees from second year onwards.

Key Features of Angel One

The key features of Angel One include:

• Comprehensive trading and investment user-friendly platform.

• Strong research and advisory services.

• Widespread network of branches which offer offline support to clients.

• Offers various trading segments, including commodities and foreign exchange.

4. 5Paisa 

5Paisa’s journey began in 2007. Its promoter Mr. Nirmal Jain is also the promoter of the IIFL Group. 5Paisa is a well known discount broker in India that facilitates trading in mutual funds, derivatives, equities, IPOs, currencies and so forth. 

The trading app is recognized for its model which is transparent and priced fairly and offers convenience when it comes to trading online through mobile. One can open a demat account with 5Paisa for free. However, the app does charge an annual maintenance fee from its users. 

Key Features of 5Paisa

The key features of 5Paisa include:

• Strong mobile platform for trading.

• Trades involving equity delivery have no brokerage.

• Advanced analytics and charting tools.

• Simple and quick account opening procedure.

• Mutual funds and insurance are available. 

5. Motilal Oswal

MO Investor App is a trading app which is offered by Motilal Oswal, a reputable financial company founded in 1987, by Mr. Motilal Oswal and Mr. Raamdeo Agrawal. The MO App is a user-friendly trading app for investing in the stock market. It helps users to create better portfolios with the help of its customizable features for trading.

Using the MO App, Indian users can trade and invest in Indian stocks, mutual funds, stock baskets, US stocks and trading in Futures & Options and commodities from a single app. 

Key Features of Motilal Oswal

The key features of Motilal Oswal investor app include:

• Thorough research and advisory services.

• Diverse product offerings, including PMS and AIFs.

• Advanced trading platforms.

• Buying and selling US stocks.

• Robust mobile app for on-the-go trading.

• Access to wealth management services.

Conclusion

The best trading apps in India list mentioned in this article include some of the best online trading platforms in India. If you're wondering which apps is best for trading, you can choose any trading app from this list that suits your preferences and serves your trading needs.

Disclaimer: The trading apps mentioned in this article are not listed according to any official ranking data. We recommend you to do your own market research and seek professional advice before choosing the right trading app.

Frequently Asked Questions (FAQs)

Q1. Which mobile trading apps allow you to buy and sell shares?

A. Some mobile trading apps that allow you to buy and sell shares include Zerodha, Groww, Angel One, 5Paisa and Motilal Oswal. 

Q2. Can you purchase cryptocurrency on Zerodha?

A. No, you cannot purchase cryptocurrency on Zerodha.

Q3. Which trading apps allow you to buy and sell crypto in India?

A. Trading apps that allow you to buy and sell crypto in India include CoinDCX, WazirX and CoinSwitch.

Q4. Is Groww better than Zerodha?

A. Zerodha is India's leading discount broker that offers free account opening, free equity and mutual fund investment, and Rs. 20 flat brokerage trading with its advanced Kite platform. On the other hand, Groww is popular among beginners for its simple interface, free direct mutual fund investments, and Rs. 20 flat fee for stock trading. Whether Groww is better than Zerodha or vice versa depends on your trading experience and investment goals.

Q5. Which is the best app for trading for the beginners?

A. Groww is one of the best apps for trading for the beginners. It has a user-friendly interface and provides an easy account setup. 

Q6. Which app can I use to invest in US stocks from India?

A. You can invest in US stocks from India through platforms like Vested available via Angel One or INDmoney, which make it easy to trade US stocks and ETFs.

Q7. Does 5Paisa charge account maintenance fees?

A. Yes, 5Paisa charges Rs. 500 per annum as the demat account maintenance fee.

Q8. How much is the account maintenance fee at Zerodha?

A. Zerodha charges an annual Demat Account Maintenance Fee (AMC) of Rs. 300, which is billed quarterly at Rs. 75 per quarter.

Q9. Which trading app does not charge annual maintenance fees?

A. Trading app Groww does not charge any annual maintenance fees. You only have to pay fees when you trade.

Q10. Does AngelOne charge account maintenance fees?

A. Yes, AngelOne charges account maintenance fees from the second year onwards. However, the first year is free for users. 

Q11. Can I buy US stocks through the Motilal Oswal app?

A. Yes, you can buy US stocks through the Motilal Oswal app Riise.

Q12. Which are the top 5 apps for stock trading in India?

A. Zerodha, Groww, Angel One, 5Paisa and Motilal Oswal are the top 5 apps for stock trading in India, according to the author’s opinion. 

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