Best Stock Trading Apps in India in 2021 

With the advent of the internet, making money has become easier than ever. You have the option of selling things or simply investing your money through the stock market. If you are a resident of India, you have access to plenty of stock trading apps that you can try out. It is arguably the best way of investing your money in the share market.

Some of these apps are pretty comprehensive, while others are rather minimalistic. With markets crashing due to the COVID-19 pandemic, many people have started investing and trading in India.

I’ve listed my choices for the best stock trading apps presently available in India in this article.

Top Stock Trading Apps in India in 2021

man in black suit sitting on floor

Although India’s household savings are among the world’s highest (around 30%), the Indian stock market is still in its early stages. But there are several mobile apps available that are making stock trading more convenient.

Learn: How to Start Trading in Stocks in India?

Let us now go through the list of the best stock trading apps in India in 2021.

Angel Broking

Angel Broking is one of the leading and most popular stock trading houses in India. It boasts of more than a million satisfied customers today. Using its services, you can easily open a DEMAT account within an average of fifteen minutes. The most notable feature of Angel Broking is zero fees for equity delivery and a mere Rs. 20 per order.

Its trading platform is an excellent value add and is supported by several veteran traders. Moreover, they offer plenty of videos, online classes, and webinars on their YouTube channel demonstrating how to perform trading on their platform. Thus, it is an excellent platform for beginners to start trading as well.

Overall, Angel Broking is pretty much an all-rounder. It possesses a quality app, offers a very alluring product, and has an efficient onboarding process and customer service. I highly recommend it to both newcomers and experienced users alike.

Kite by Zerodha

Based in Bangalore, Kite by Zerodha is a relatively new app that has gained immense popularity in recent times. It comes with some exciting features and has had quite an impact on the community of stock traders. In recent times, even experienced investors have recommended Zerodha to young investors who are just getting started with stock trading.

Some of the most important benefits of Kite by Zerodha are:

  • It is a great trading platform with an excellent user interface.
  • It is a decent charting platform as well.
  • It has relatively low brokerage charges compared to discount brokers.

However, it might take some time to get an account opened at Zerodha because their application and documentation process is quite tedious. Users have reported having to wait around thirteen days before gaining access to the system.

Zerodha is available for download in both Android and iOS versions.

Upstox

Upstox is another relatively new and quite popular Indian stockbroker that is notable for offering absolutely free equity investments and merely 20 rupees per order for Intraday transactions. With an exquisite feel and look, their stock trading app is undoubtedly one of the most well-designed ones in the market. Even if you’re a newcomer, you won’t have any trouble figuring out how to use it.

Being quite new and young, Upstox has been taking a rather aggressive approach to its business. However, there still have been quite a few complaints from its existing customers regarding their customer support. Hopefully, these issues will be resolved in the near future.

Given below are some of the prominent benefits of using the Upstox trading app –

  • It is simple and convenient to set up your account.
  • The mobile app offers a fluid and satisfying experience.
  • Being a new age platform, it offers better customer service.
  • Only 20 rupees per order for Intraday transactions.

5Paisa

5Paisa is a stock trading platform that has had quite an impact on the industry in recent times. By virtue of its incredibly low brokerage charges of 10 rupees per transaction, it has gained a lot of popularity among younger traders who are new to the world of stock trading. Some people are even going on to claim that it’s a much better mobile trading platform than Kite by Zerodha.

Here are the advantages of using 5 Paisa:

  • Low brokerage charges of 10 rupees per transaction.
  • Fast and convenient account opening process.
  • Allows you to open a free Demat and trading account.
  • All segment brokerage charges amount to only 10 rupees.
  • Flat fee per order (10 rupees for every transaction).
  • It has a much superior mobile trading application compared to Zerodha.

IIFL Markets

The IIFL Markets app was launched by India Infoline Ltd – one of the country’s most prominent brokerage firms. It received the award for the Best Mobile App for Stock Markets at the Zee Business awards. It is notable for providing instant trading facilities to registered customers.

You can receive price alerts, customize your watch-list, and view equity research reports from IIFL’s own expert team. You can ask for support directly from the app as well. However, many of their users have filed reports claiming that they had to face a lot of hidden charges. They have also gone on to criticize the platform’s customer support for its inefficiency.

Kotak Stock Trader

When it comes to UI and UX, Kotak Stock Trader is not really the best app out there. Nevertheless, it enjoys significant popularity among loyal Kotak users. That could be because it is, admittedly, a decent app if you just want to get things done. It allows you to trade in derivatives, equity, currencies, and Futures & Options.

Kotak Stock Trader allows you to do all the tasks that you’d expect from a typical stock trading app. However, several customers have raised complaints on public platforms regarding the exorbitant charges they had to face for each transaction. Their customer service has received less-than-glowing reviews as well.

Share Khan Trading App

Even if you’re not deeply involved in the world of stock trading, you must have certainly heard of Share Khan. After all, it has grown to become India’s fourth-largest brokerage company. Backed by the BNP Paribas Group, it is a top contender in the race of the best stock trading apps in India. It boasts of a wide range of trading items, including loans against shares, ESOP financing, and stock market securities.

With the help of the Share Khan app, investors and traders are able to track their portfolios and trade stocks and mutual funds. For the benefit of beginners, it includes trading tutorials and blogs as well. It is readily compatible with all devices, as well as various screen sizes and orientations. Using its new state-of-the-art dashboard, you can regularly view all the ongoing activities in the market.

Other notable features of the app include mutual fund monitoring, technical indicators, resources and studies, commodities, and a Share Khan classroom for learning about stock trading. It allows you to trade with enhanced live charts and get the latest quotes of stocks, F&Os, and currencies from MCX, NSE, and BSE.

Motilal Oswal Mobile Trading app

Motilal Oswal is a very familiar name in the share market for beginners and experienced traders alike. Their mobile app is one of the most respected and widely used ones in the market as well. It

 It allows you to trade currencies, equities, commodities, derivatives, mutual funds, Futures & Options, IPOs, and much more. It integrates the ACE (Advise on the Combination of Equities) strategy and facilitates bulk order functionality to help users execute multiple orders with a click.

The app also offers multiple period time (1 minute to 5 years) charts. However, it provides only nine technical indicators for chart analysis. It has a pretty good user interface with an option to buy gold and invest in mutual funds. However, some users have complained of the prices not getting updated in real-time and charts taking too long to load.

These quibbles aside, Motilal Oswal’s mobile trading app is a great choice for you to consider.

HDFC Securities Mobile Trading app

The HDFC trading app features a secure biometric login that is based on fingerprints and face recognition. You can conveniently buy and sell orders directly from the watchlist itself. The app also offers Intraday real-time charting and immediate access to trending investment ideas.

Apart from trading in derivatives and equities, you can also invest in NCD and gold using the app. Moreover, it features an embedded chat complete with support team functions for resolving issues speedily. Some users, however, have reportedly faced problems when trying to log in using the app. Also, the largely white interface makes it difficult to view details at times.

Edelweiss Mobile Trading app

The Edelweiss trading app features a convenient single-touch login using the user’s fingerprint. While you trade, you will also have access to research. The app provides real-time streaming stock prices and tick-by-tick charts for keeping you up to date and helping you analyze the market at every instant.

Based on your chosen filters and Sensex tracker, you can have a “preset-customized” watchlist to identify promising trading opportunities. The app has a 4.5 rating at the Google Play Store and also allows you to invest in mutual funds. The only major downside here is that it only comes with a total of 17 technical indicators.

Fyers Markets

Fyers Markets is considered one of the best online stock trading apps in India. It provides nil brokerage and flat-free brokerage trading services to traders. Using this platform, you can conveniently invest in derivatives, currencies, thematic trading and, of course, stocks at the NSE. All major exchanges like BSE, MCX, and NSE are available over here.

The company offers a wide range of state-of-the-art technology solutions to help you trade securely and speedily. To help you out with decision-making, it also provides Intraday charts with more than 65 technical indicators. You will also receive TradingView charts with more than 22 years of historical EOD data.

If you happen to be a customer of Fyers Securities, you can open a trading account with this app completely free of cost.

Espresso App

As I mentioned above, Share Khan is a retail full-service broker and a full subsidiary of BNP Paribas. It is one of the pioneers of online trading in India. Following its success, the developers launched a separate business for discount brokerage services known as Espresso.

Espresso strives hard to cater to the needs of its target customers. You have to pay 20 rupees per order only if there happens to be a profit for Intraday trades across segments. This particular brokerage discount is only on one side (buy or sell) of the order. Moreover, there are no delivery brokerage charges at all.

Conclusion

I have compiled this list of the top stock trading apps in India to help you get started on your online trading journey without any hurdles. I hope it will help you choose the best trading app for investing your hard-earned money and gaining the profits you deserve.

Gaurav Tiwari

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