Introduction
The Indian stock market offers tons of investment opportunities to people. People willing to invest have numerous options for trading apps as well. Now that you have learned how to invest in the share market, the next step would be to choose the best app for the share market. But how?
With the growth of financial literacy and the economy, people have tended to step towards investment. And with this, there’s been a rise in platforms for trading. You can witness a new application launch every week or month probably.
Having several choices with the platforms and apps to trade, the investors tend to get confused. You can also head to https://finnovationz.com/ to compare the best stock broking app as per your need, after understanding their features and workings. To help the investors make a correct choice, we have featured some of the best apps for the share market in the article below.
Here’s a list of the best trading apps in India,
- Zerodha Kite
- Upstox
- Groww
- Motilal Oswal
- ICICI Direct
- 5 Paisa
- Angel one
- Paytm Money
Now let’s understand these trading apps in brief along with their features and ratings
1. Zerodha Kite
Zerodha proved itself to be one of the best trading platforms with its features and active users. Investors starting from beginner level to pro investors, people prefer this platform. Apart from downloading the application to your device, you can also use Zerodha Kite in Chrome with features such as stock tracking, and, order placement. The key attraction of the app is how it works effortlessly with weak internet service as well. Zerodha supports quick trading with effortless buying and selling of stocks.
Features
- User-friendly interface
- Filter and shortlist potential stocks
- Leverage indicator
- Dividenst automatically credited to a linked bank account
- Direct application for Initial Public Offering
- Advanced charts with multiple indicators
- Debit transaction charges are low compared to other platforms
- Biometric security to open the app provides a safeguard
- OTP and TPIN verification to trade a stock
Opening charge and Brokerage
- Account opening charge in this trading app is ₹200/-
- Brokerage charge is ₹20 or 0.03%, whichever is lower
2. Upstox
This trusted app backed by investors such as Ratan Tata is incredible software. Earlier this application was known as RKSV securities, changed to upstox. It provides a clear and intuitive layout to its users, alongside quick and helpful updates. The rewards and dividends earned on investment made through this app directly get credited to your linked bank account making it quick and easy.
To keep the process seamless and secure, the application conducts an In-person Verification (IPV) for the investors. Along with this Upstox offers quality customer service where the team answers all calls within 30 seconds to avoid hold time and ticketing systems.
Features
- Easy accessibility and simple user interface
- Support fast trading
- Multiple trading options including stocks, mutual funds, gold, etc…
- Advanced features including market news, indicative charts, expert portfolios, etc…
- Direct investment options for Mutual funds, IPOs, and gold
- Biometric security and top-notch safety
Opening charge and Brokerage
- Account opening charge in Upstox is free as per its current changes
- Brokerage charge for this trading app is,
Equity delivery – 2.5% or ₹ 20, whichever is lower
Equity intraday – 0.05% or ₹20, whichever is lower
3. Groww
One of the oldest applications in the market which has gained investors’ trust for years is Groww. With amazing ratings this trading app proves itself to be credible and authentic. It offers free-of-charge account opening along with stock trading in numerous instruments including fixed deposits, mutual funds, gold, etc.
Features
- Easy order placement and shortlisting of potential stock wishlist
- Inbuilt mutual fund calculator
- Multiple instruments like gold, MFs, IPOs, fixed deposits, and more
- Technical charts, indicators, and other trading tools
- SIPs with zero commissions
Opening charge and Brokerage
- Zero cost account opening fee
- Brokerage charge is ₹20 or 0.05%, whichever is lower for trading and flat ₹20 for Future and Option segment
4. Motilal Oswal
Invest in gold, invest in equities, invest how you like. Motilal Oswal is a trading app that offers you effortless encounters with its facilities. Not only in the digital market, this group is a prominent stockbroker with multiple locations in India. ,Their research papers are considered valuable in the market because of their team’s extensive research and study. Although the brokerage is slightly higher than other trading apps in the share market, the experience is unmatchable.
Features
- Clear and intuitive layout to help beginners to advanced investors
- Offers a range of instruments, equity, mutual funds, gold, IPOs, life insurance, etc.
- Allows trading in digital gold without paperwork
- Expert reports and market research
- Automated advisory, live bot, and academic materials are some of its key features
- Multiple orders in a single click through bulk order option
Opening charge and Brokerage
- With zero account opening charges this app offers effective tools
- Brokerage charge for this trading app is 0.50% for Deliveet, and Intraday at 0.05%, or ₹20, whichever is lower
5. ICICI Direct
A great initiative by ICICI group is to help investors trade easily with their trading app. It offers seamless interaction to its users with free advisory services and amazing offers. With interactive tools and trading options, ICICI Direct proves itself to be one of the best apps for the share market.
Features
- Effective tools such as market charts, graphs, live P/L statements, etc.
- High-end security with biometric authentication
- Safeguard alerts for high-risk and penny stocks
- Multiple watchlist options to narrow down your choice of stocks
- One-click order placement
- Instruments include equities, derivatives, mutual funds, IPOs, bonds, fixed deposits, exchange-traded funds (ETFs), and much more.
Opening charge and Brokerage
- Similar to most other apps, ICICI Direct offers zero account opening charges
- This trading app offers three different plans ranging from INR 299 to INR 1,00,000.
- For Prime Plan – Equity Delivery – 0.27% or 0.1% or ₹20, whichever is lower
- For Neo Plan – Equity Delivery – 0.55% or ₹20, whichever is lower
- For Lifetime brokerage plan – Equity Delivery – 0.25% or ₹20, whichever is lower
6. 5paisa
One of the prominent options for trading apps in the market is 5paisa. It offers multiple instruments including stocks, MFs, currencies, etc. One of the best features of 5paisa is free access to its news, advisory, research, and the best insightful blogs in its app.
5paisa offers different varieties of accounts as per the need of the user. It includes,
- Young investor account for age 18-23
- Plus one account for husband and wives, and
- Corporate accounts for corporate people.
Features
- Easy account opening and trading facility
- User-centric design
- A fully automated advisory system makes it different from other trading apps
- Live stock market updates
- Easy creation of watchlist and one-click order
- Refined charts and indicators
- Allows US stock investment
- Customizations available with mutual fund investment portfolio
Opening charge and Brokerage
- Zero cost account opening fee
- Brokerage charge for this trading app is ₹20 for Delivery and Intraday both
7. Angel One
An excellent trading app for new investors with its ready expert portfolios guiding newcomers with their investment decisions. This has been the oldest app in the broking industry for above 30 years. From stock trading to mutual funds and fixed deposits to insurance, this trading app offers everything.
With great analysis tools, this platform offers quick buying and selling of stocks. Investors can also invest in mutual funds through this application. While the investment charges are comparatively lesser in this brokerage application, there is no support for e-wallets, which makes the whole procedure a little tedious.
Features
- No fund transfer fee
- Readymade portfolios
- Real-time prices and live streaming market watch
- Intraday charts and news
- Helps the investor build a top-notch portfolio with classification of small and large-cap stocks
Opening charge and Brokerage
- Account opening charge in Angel One is free
- Brokerage charge for this trading app is ₹20 or 0.25%, whichever is lower
8. Paytm Money
Another recent yet powerful trading app for investors that made itself to the list is Paytm Money. It is a trading platform registered with SEBI as an investment advisor and stockbroker. The platform also offers direct mutual fund investment of Rs.500 with free brokerage to the new users.
As an investment advisor Paytm Money allows free analysis tools to determine better understanding of investment and to point out mistakes. With a simple and professional user interface, this application has great customer support.
Features
- User-friendly interface
- Zero maintenance charges
- Easy demat account opening process
- Works as an investment advisor
- Zero commission for direct mutual fund trades
Opening charge and Brokerage
- Paytm Money charges ₹200 for a trading account and has no charge for Demat account opening.
- The brokerage charge for this trading application is ₹15 or 0.05%, whichever is lower for Intraday.
Bottom line
Choosing the right trading app can be difficult and when you are a beginner it’s a task. But studying the features and charges of an app for the share market can help you choose the right one. Look for the features you are willing to go for and the user you are willing to work with. Change your game of investing with your choice of trading app.
FAQs
1. Which is the best app for the share market?
There’s no perfect answer to the best trading app. Compare features, charges, pros and cons of different apps and choose the right one for you.
2. How do I choose the correct trading app?
Consider its features, market reliability, ratings, charges, customer support, user feedback, and your investment goal. You can take help of https://finnovationz.com/ to compare and choose the right stock broker for you.
3. Is Zerodha safe?
With biometric authentication, TPIN and OTP verification and top-notch security, Zerodha is 100% safe.
4. Is the Groww app safe?
As a registered SEBI broker and, an AMFI-registered mutual fund distributor, Groww is a safe trading app.