Top 5 Best Trading Apps in India – Earn From Trading

Introduction :

Mobile trading has grown by a huge margin in India due to an increasing number of beginners having started using the apps before getting into real trading. Looking at the growing demand of trading apps, fund management companies also geared up towards launching their own flagship Apps. 
As a result, the online market has been flooded with online trading apps from the leaders of Indian stock market. Today we will check top 5 of India’s Best Trading Apps & also find out Why they are the Best for beginners and experts also. If you are serious about trading, then keep aware that the stock market is changing continuously and it is essential to keep yourself updated according to the market.

We have listed Zerodha KITE App, Angel broking App, Sharekhan App, Upstox Pro App
and 5paisa mobile trading App.

Mentioned all are available in Play Store and iOS. But, how to decide which app would fit the best as per your preferences? So,

Best trading apps should need to qualify the points for evaluation :

1. Speed and performance

When you are choosing any mobile trading app, then you need to choose an application that will provide you fast service.

If you don’t get the speed properly, then you will not get all the news at the proper time. By choosing an app with high-speed performance, you can get all the updates at right time.

Angel Broking App & Zerodha KITE App are leading in speed criteria and help their customers to get a better opportunity in the stock market. Another one is the Sharekhan App, which is also very decent in terms of speed.

2. Features and Usability

Almost every broking house has launched its mobile trading app to provide the best service for its clients with unique features.

Zerodha KITE App is available for android, ios and windows, and the java operating system. The official customers and non-customers can use the free version of this app. This app provides the opportunity to check the market status and price every time and minimizes the chances to miss any kind of opportunity. People will download apps that will provide the best trading features. The Zerodha Kite App gives better features than other mobile trading applications.

Along with this, Angel Broking App, Sharekhan App is known for its high-end features which care for all kinds of clients.

3. Reviews

Among the best mobile trading apps, the Sharekhan App gets the first position in user reviews and ratings. The main reason is the popularity of this mobile app, it provides high-class technology and unique trading tools. With the help of unique trading tools, users and traders can get various opportunities in the stock market. This trading app is one of the best because it can satisfy both casual and active investors.

Apart from this, Upstox pro and 5paisa mobile trading App are also providing the best service and get good reviews and ratings.

Top 5 best mobile trading apps in India, 2021

1. Zerodha KITE App (Kite by Zerodha) :

Without any doubt, it is one of the best trading apps and the first discount broker in India. Kite and other super products helped them to left behind other apps like Sharekhan App. It has a very minimalist UI (user interface) and is not cluttered with so much information that is rarely needed, which is very helpful to focus on required trade-related objectives rather than distractions. It is also light and less resource-hungry. Mostly, all investments are brokerage charge-free in Zerodha KITE App, meaning if you buy a share and sell them in the future, it won’t ask you for brokerage charges.

The Zerodha Kite App comes with various new features, including customer service that can help you overcome any hurdle. While not all broking apps have made it this far since mobile trading was introduced, this app is widely regarded as one of the best trading apps in India.

Brokerage charges for different segments –

I. Equity delivery – zero.
II. Equity intraday – 0.03% or Rs 20/trade (whichever is low).
III. Equity futures – 0.03% or Rs 20/trade (whichever is low).
IV. Equity options – Rs 20/trade.
V. Currency futures – 0.03% or Rs 20/trade (whichever is low).
VI. Currency options – Rs 20/trade.
VII. Commodity futures – 0.03% or Rs 20/trade (whichever is low).
VIII. Commodity options – Rs 20/trade.

Advantages –

I. One-click universal instrument search for all exchanges like NSE, BSE, and MCX.
II. Live streaming data.
III. Advance chart with 100+ indicators.
IV. Free historical chart data of years.
V. Well suited for experts as well as beginners.

Disadvantages –

I. Repeated lags in chart loading.

2. Angel broking App :

Angel broking is in the broking industry for 30+ years now. They offer services like brokerage, insurance, and mutual funds. Angel Broking App is one of the best share trading apps in India that allows you to conduct stock trading with ease. The app contains features like 40+ technical indicators, SmartBuzz, Sensibull that keeps traders updated about the latest news of the market and trade accordingly. Angel Broking App has established itself as a reliable trading platform, a trading terminal, a Robo advisory platform, and a mutual fund web application.

It has some of the best features and a stunning User Interface that makes it simple to use for beginners yet robust for serious investors and traders also.

Brokerage charges for different segments –

I. Equity delivers – zero.
II. Equity intraday – Rs 20/trade.
III. Equity futures – Rs 20/trade.
IV. Equity options – Rs 20/trade.
V. Currency futures – Rs 20/trade.
VI. Currency options – Rs 20/trade.
VII. Commodity futures – Rs 20/trade.
VIII. Commodity options – Rs 20/trade.

Advantages –

I. Multiple indexes with the real-time watch.
II. Intraday charts and news.
III. Customisable watch list.
IV. Securities and fund transfer from a single place.

Disadvantages –

I. UI is a bit complicated.
II. App is not light.

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3. Sharekhan App :

Sharekhan App has grown to become India’s fourth-largest brokerage company. It is backed by the strength of the BNP Paribas Group. Therefore, the Sharekhan trading App is not far behind in the race of best trading apps in India. It offers a diverse range of trading items, including stock market securities, loans against shares, and ESOP financing among others. Sharekhan App helps traders and investors in tracking their portfolios, trading stocks, and mutual funds. It also includes trading tutorials and blogs for new traders. The app is compatible with all devices, as well as different screen sizes and orientations.

Advanced features like technical indicators, mutual fund monitoring, resources and studies, commodities, and a Sharekhan classroom for learning about stock trading are among the best features.

Brokerage charges for different segments –

I. Equity intraday – 0.10% of buy.
II. Equity delivery trades – 0.50% or 10p/share or Rs 16/scrip (whichever is higher).
III. F&O trades – 0.10% on the first leg and 0.10% if squared off on any other day.
IV. Options trades – 2.50% or Rs 250/lot on the premium (whichever is higher).
V. Currency futures – 0.10%.
VI. Currency options – 2.50% or Rs 30/lot on the premium (whichever is higher).
VII. Commodity – 0.10%.

Advantages –

I. Different trading platforms to suit customer requirements including online browser-based trading, Installable terminal, mobile, call n trade,e, and in-person trade through branch offices.
II. Different brokerage slabs like Higher trade meaning reduced brokerage.
III. Online training, seminars, and workshops to investors.
IV. No charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
V. No charge for DP transactions, share transfer from and to the DP account is free.
VI. Call & Trade facility is free.
VII. Allows fixed deposit as collateral for future and option trading.

Disadvantages –

I. Brokerage charges are % based which are higher in comparison to flat fee brokers.
II. Classic account holders cannot trade commodities.
III. Minimum brokerage of 10p/stock would not allow trading stocks below Rs 20. (If the user trades, he/she will lose the majority of your money in brokerage).

4. Upstox pro App :

Upstox Pro is another mobile App from the leading discount broker of India, Upstox. They are backed by premium investors like Mr. Ratan Tata. Upstox brokerage charges are almost similar to Zerodha. Probably the second-best leading player in the market with very heavy features. Universal search tool enabling users to find simple and complex stocks, the advantage here is charts available of multiple intervals and multiple types and drawing styles. The app has 100 technical indicators on real-time charts, Trade from Chart (TFC) feature which help user to trade from charts directly.

Advantages –

I. Universal tools to find simple and complex stocks.
II. 100+ indicators on real-time charts.
III. Trade directly from trade from charts (TFC) feature.
IV. Unlimited number of customized watch lists.
V. History of 10 years charts data.
VI. Commission free Direct Mutual Funds.
VII. Margin against share is available.

Disadvantages –

I. Linked bank account details could not be checked.
II. Navigation is a bit tricky.
III. It doesn’t offer monthly unlimited trading plans.

5. 5paisa mobile trading App :

It is another major player in the Indian stock market owned by 5 paisa discount brokers. It has a lower charge than its competitors, like10p/executed order. This is one of the rare apps which offer the unique feature of guest login, where users can avoid giving all personal details to check the app.

5Paisa provides investors and traders to use it as a discount broker for multiple trading, and with the Auto investor and technical analysis features, it also helps traders to make an informed decision in trading. 5Paisa provides low-cost brokerage services along with superior technology. The charts and data take an average time to load, but the user interface is simple which also provides high security.

Brokerage charges for different segments –

I. Equity intraday – Rs 20/trade.
II. Equity delivery – Rs 20/trade.
III. Equity futures – Rs 20/trade.
IV. Equity options – Rs 20/trade.
V. Commodity futures – Rs 20/trade.
VI. Commodity options – Rs 20/trade.
VII. Currency futures – Rs 20/trade.
VIII. Currency options – Rs 20/trade.

Advantages –

I. Flat Rs 20/order is irrespective of the size of the trade, segment, or exchange.
II. All in one account to invest in stocks, mutual funds, commodities, currency, research, and advisory.
III. Lowest DP Charges.
IV. Provide Stock Investment Ideas and Research tools.
V. Technical calls on both Email and Mobile.

Disadvantages –

I. Very high Demat debit transaction charges. Rs 25 or 0.025% in Optimum plans.
II. Research & advisory services are not available in the Optimum Plan.
III. 5Paisa doesn’t offer NRI Trading services.

As per downloads you can understand the popularity of Best trading apps.

Zerodha KITE app(9.7MB) – 5 million +
Angel broking app(40MB) – 10 million +
Sharekhan app(9.1mb) – 1 million +
Upstox Pro app(11MB) – 10 million +
5paisa mobile trading app(23MB) – 5 million +

Some other popular mobile trading Apps you can check,

I. Edelweiss online trading App (47MB, 1million+ downloads)
II. Motilal Oswal MO investor App (8.1MB, 1 million+ download)
III. Kotak stock trader App (9.1MB, 1 million+ download)
IV. ICICI direct App (1.6MB, 1 million+ download)