Best trading app in India for 2023

ICICI Direct app is offered by one of the largest banks in India and can be used for online trading, viewing live stock charts and even investing in IPO shares. Their research-backed products and recommendations enable you to make an informed investment decision.The ICICI Direct mobile trading app is available to iOS, Android and Windows phone system users.

• Features

  • Wide range of customization options for the market watch
  • Variety of technical indicators and charts
  • Heat maps to visualize complex data easily
  • Simple and practical technical analysis
  • It also allows you to have multiple watchlists, but you can add up to 50 stocks to a watchlist
  • Instant paperless online account opening

• Pros & Cons

  Pros

  • It’s free to download. The ICICI app is completely free to download and demo.
  • You can trade a range of securities. You can invest in equities, equity derivatives, currency derivatives, ETFs, mutual funds, CFDs and IPOs.
  • You can create a customized watchlist. The app allows users to create a customized watchlist to help them monitor their portfolio anytime, anywhere.

  Cons

  • Little research and educational resources. The ICICI Direct app comes with few resources for market research, expert tips or educational information

• Price

  Offers several plans like prime that ranges from Rs. 299 to Rs. 4999, neo that ranges from Rs. 299+ GST with lifetime validity and lifetime brokerage plan that ranges from Rs. 2500 to Rs. 1,00,000.

• Steps to trade with ICICI Direct mobile app:

  

  1. Install the ‘ICICI Direct Mobile’ App from the App Store.
  2. Go to the ‘Trade & Invest’ menu and log in.
  3. Click on the ‘Trade Equity’ button.
  4. Click the ‘Allocate Funds’ button.
  5. Enter the amount to add funds to the trading account.
  6. Click on the ‘Cash Buy’ button.

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Zerodha’s Kite trading app is a lite trading platform that you can use to invest on the go. The app comes with a range of tradable securities, hundreds of chart indicators and even advanced trading options. For the first time investors this app plays a significant role as it gives you access to features like wishlist, order window, multi exits on positions, customizable Multi-MarketWatch views, filter and search options on MarketWatch, holdings, and more. The app also offers a feature called ‘Kite Connect’, which enables the users to build their own custom trading and investment strategies.

• Features

  • Easy to use mobile trading apps
  • Gives you access to level 3 data or 20 market depth.
  • Fastest, most reliable, and best stock market apps in India.
  • Supports multiple data-rich widgets
  • Advanced filter options to shortlist favorite stocks
  • Charts with over 100 indicators for analyzing performance.

• Pros & Cons

  Pros

  • Multilingual platform. Kite is available in over 10 regional languages for users in India.
  • Good range of securities. You can trade equities, currencies, commodities and more with Zerodha.
  • Advanced orders. Unlike most trading apps that offer lite buy/sell features, Zerodha’s mobile app comes with advanced trading options like limit orders, market orders and stop-loss orders.

  Cons

  • Customer service options. The app has weaker customer service options than Zerodha’s other investment platforms.

• Price

  Free charges on equity delivery and Rs 20 or 0.03% per Trade for intraday and F&0.

• Steps to trade using Zerodha Kite app

  

  1. Login to Zerodha Kite mobile app.
  2. Add funds to your Zerodha account.
  3. Add desired Options to your market watch.
  4. Place a Buy order for the Option.
  5. Understanding the Options contract.
  6. Check for the execution of the order.

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5paisa is a fast-growing stock trading app in India that offers a free Demat account. This app offers live updates from NSE, BSE, MCX markets easily along with features like charts and analytical tools, learning videos, watchlist, notifications and more. 5Paisa is known for its low brokerage charges, making it an ideal app for investors who are looking to invest in the stock market on a budget.

• Features

  • Easy and clean user interface
  • Fast access to watchlist and order books.
  • Provides research advisory based on the user’s specific goals.
  • Gives real-time access to market data, live stock quotes and price updates.
  • Provides advanced tool options for charts and multi-asset watchlists.
  • Launched basket orders with which users can place several orders with a single click.
  • Allows investing in U.S. stocks.
  • Option to create multiple watchlists and create unlimited price alerts.

• Pros & Cons

  Pros

  • No minimum balance. 5paisa requires no minimum account balances which means that anyone can use the platform, no matter how much you plan to invest.
  • Fuss-free registration. You can sign up for a 5paisa account from the comfort of your home.
  • Variety. 5paisa offers a range of trading methods, from mobile trading to algorithmic investing.

  Cons

  • No access to IPOs or cryptocurrencies. If you’re looking for investments into frontier markets like IPOs and cryptocurrencies, 5paisa might not be the broker for you.

• Price

  Flat Rs. 20/trade irrespective of size of trade, segment and exchanges.

• Steps to trade using 5paisa app

  

  1. Login to 5paisa mobile trading app.
  2. Go to My Watchlist.
  3. Click on a ‘Search Glass’ on the top-right of the watchlist window.
  4. Enter script name to search.
  5. Click on the script name from the search result.
  6. Click the green ‘B’ buy button.

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Angel Broking’s mobile app is one the most trusted apps available in the Indian market. It offers multi-asset trading, allowing you to trade equities, derivatives, IPOs, mutual funds and more. Available to both iOS and Android users, the app also has useful real-time features like market updates and multiple watchlist options. Angel Broking app also offers a feature called ‘Smartwatch’, which enables the users to track the market and their portfolio from their smartwatch. Additionally, the app also offers ‘Angel Eye’, a feature that enables the users to analyze the market trends and make informed decisions.

• Features

  • There’s no fee for funds transfer
  • Analyze the market with the help of research done by experts
  • Helps build a low-cost yet high-quality portfolio with the help of small cases.
  • Supports fractional investment
  • Intraday charts & news, live updates about top gainers and losers
  • Also provides services like insurance and more.

• Pros & Cons

  Pros

  • Research tools. The app allows users to explore research reports to learn more about the markets and their holdings.
  • Account monitoring. You can monitor your equity holdings and demat account balance too.
  • Useful for both beginner and advanced traders. This app is simple, convenient and secure to use — making it a great option to novice and experienced traders alike.

  Cons

  • Customer service options. The app offers weaker customer support than Angel Broking’s other trading platforms.

• Price

  Rs. 20 or 0.25% per executed order

• Steps to trade using Angel One mobile app

  

  1. Open Angel Mobile App and click the ‘Login to Trade’ button.
  2. Click the ‘Menu’ button in the top left
  3. Click the ‘Trade’ link > ‘Buy / Sell’ link
  4. Search and select the stock you want to buy and click ‘Buy’ button
  5. Enter order details in the buying window.
  6. Go to Trade > Order Status. Check, modify and cancel orders.

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Groww App is one of the quickest-growing trading platforms in India that lets you open your trading account for free. This trading app comes with a clean interface and allows users to invest in financial instruments like gold, fixed deposits, SIP and mutual funds. One of the key features of the Groww app is its real-time market data and alerts. Users can track their investments and stay updated on market trends and movements. In addition to its investment capabilities, the Groww app also offers a range of educational resources and tools for users to learn about the stock market and investing. The app, which is available to iOS and Android users, is known to be highly secure.

• Features

  • Supports investing in gold, fixed deposits, domestic and US stocks, mutual funds, and F&Os.
  • Provides a built-in mutual funds calculator.
  • Helps you shortlist stocks, mutual funds, and other assets based on category.
  • It is loaded with technical charts, indicators, and other tools.
  • Supports complementary SIPs with zero commissions.

• Pros & Cons

  Pros

  • Convenient. The Groww app’s one-click trading features make it easier for you to invest than ever before.
  • Fuss-free. You can sign up for a Groww account and trading app completely online.
  • Intuitive. Beginner investors love Groww’s intuitive interface because it makes investing a seamless process.

  Cons

  • No advanced order types. The Groww app does not offer order types like After Market Orders and Bracket Orders.
  • Lack of market features. You will not find features like market scanners or stock alerts with the Groww app.

• Price

  Rs. 20 brokerage charges for Futures and Options

• Steps to trade using Groww app

  

  1. Download the app and open a DEMAT account. Link it to your bank account.
  2. Sign in to the DEMAT account via the mobile-based application.
  3. Pick a Stock that you want to invest in. Make sure that you have sufficient funds.
  4. Purchase the stock at its listed price and specify the number of units.
  5. Once a seller reciprocates that request, your purchase order will get executed.
  6. Your bank account will get debited with the required amount and you will receive the shares in your DEMAT account.

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Upstox Pro is a discount broker in India that offers stock, derivative, currency and commodity trading. Its mobile app is free for Upstox Pro customers and is available to both iOS and Android users. Besides offering standard buy and sell features, the app also offers multiple charting tools and detailed screeners. For first time investors, this application also provides expert advice and tips, along with a deep analysis of the market. The app also offers a feature called ‘Upstox Pro Web’, which enables the users to access the stock market from their web browser.

• Features

  • Speediest buying and selling execution.
  • Excellent accessibility and very easy to use.
  • Live-data streaming features and news updates.
  • Supports fast trading executions
  • Minimal trading charges on transactions.
  • An unlimited number of price alerts.

• Pros & Cons

  Pros

  • Invest in a wide range of securities. The Upstox app allows you to invest in equities, futures, options, commodities and other financial securities — just in a few swipes.
  • Create multiple watchlists. You can use the Upstox app to create multiple watchlists and monitor the performance of different shares.
  • Advanced charting tools. The Upstox app’s advanced charting tools and hundreds of indicators help you take better advantage of market movements.

  Cons

  • Limits to types of investments. You cannot use the Upstox app to invest in IPOs or mutual funds.
  • No portfolio overview. The Upstox app does not offer a portfolio overview.

• Price

  Rs 20/2.5% for Equity Intraday, Equity, Equity Futures, Currency Futures, and Commodity Futures (whichever is lower).

• Steps to trade using Upstox App

  

  1. Download the app from Google play or App store
  2. Submit the account opening form along with KYC details, identification and address proof to sign up.
  3. Link a bank account to your trading account.
  4. Place an order by selecting the type of order.
  5. Quote the price and number of shares/units/lots you want to trade.

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Sharekhan is one of the leading broking houses in India. Sharekhan mobile app provides all leading trading features such as advanced charts, measurement tools, watchlists, etc. It offers a variety of brokerage services like intraday equity trading and currency futures through its numerous platforms, including the mobile apps, Sharekhan Standard and Sharekhan Mini. In addition to its investment capabilities, the Sharekhan app also offers a range of educational resources and tools for users to learn about the stock market and investing. This includes webinars, articles, and videos on various investment-related topics.

• Features

  • Advanced charts to do market research.
  • Managers provide support, guidance, and assistance.
  • Research reports help you to make better decisions.
  • Wide range of products to trade with.
  • Easy fund transfer service
  • Advanced search and filtering options.
  • Multiple charting options coupled with excellent tools for analytics.

• Pros & Cons

  Pros

  • Customer support. Sharekhan’s live chat feature in local languages means that you’re just one text away from help.
  • Low-bandwidth platform. Sharekhan Mini is a lite version of the app which functions even on 2G connections, making it easier to trade than ever.
  • Free dial service. Unlike other brokerages, Sharekhan’s dial-and-trade service is fee-free.

  Cons

  • No US share trading. As of July 2021, you can only trade on domestic exchanges using Sharekhan.

• Price

  For equity delivery: 0.50% or 10 paise per share or Rs16 per script (whichever Is higher).

• Steps to trade using ShareKhan

  

  1. Install the ‘Sharekhan App’ on your Android or Apple phone and log in.
  2. Click on the ‘More’ tab and then on ‘Fund Transfer’ to add funds to your trading account.
  3. Click on the trade/quote tab to search desired stock.
  4. Click on ‘Buy’ to buy the share or on ‘Sell’ to sell it.
  5. Select order type, enter quantity, trigger price and validity etc., and click on place order.
  6. Review and confirm your order.

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This trading app offers all the functionality of the HDFC full website on your mobile device. Available to both iOS and Android users, the app allows you to buy and sell shares from the comfort of your mobile. The app also lets you view your current demat account balance, receive up-to-date market updates, and contact customer service for support. The app also offers multiple trading platforms like the HDFC Securities Trade Racer and HDFC Securities Mobile Trader which cater to different types of traders and their needs. It also offers 3-in-1 account which allows the user to link their savings account, trading account and demat account for seamless transactions.

• Features

  • Availability of technical indicators
  • Fingerprint login for better security
  • Intraday charts are available with multiple time frames – 1 minute to 1 month
  • Multiple watch lists that are customizable and provide real-time price updates
  • Option to buy gold makes it the best app for stock market
  • Price actions are in various styles, such as line graphs, bar graphs, candlesticks, etc
  • Best Suitable for Global traders and Gold buyer

• Pros & Cons

  Pros

  • Available in 11 languages. The HDFC app can be used in a range of languages including English, Hindi, Tamil, Punjabi, Bengali, Malayalam, Tamil and Telugu.
  • Free. HDFC’s mobile app is free for all its online customers.
  • Information from the market and experts. HDFC provides users with access to an extensive range of useful investment information, including live stock quotes and charts, to help them make the right trading decisions.
  • Trade on-the-go. You can even place off-market orders with the HDFC app.

  Cons

  • Limited range of trading options. The HDFC app only allows users to trade equities and derivatives.

• Price

  0.50% or min Rs.25 for equity delivery, equity intraday, and equity futures

  Rs 100 per bucket or 1% of the premium (whichever is more) for equity options

• Steps to trade using HDFC Securities App

  

  1. Download the App from Google Play Store or Apple App Store and Login using credentials.
  2. Click on More > Select Trading > Tap Buy/Sell
  3. Search on the stock you want to Buy/Sell.
  4. Specify the order details – Price, Quantity, Order Type, Validity.
  5. >Place the order.
  6. Confirm the order.

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Axis’s mobile app is popular amongst the beginners and professionals both in India, thanks to its user-friendly interface.
The platform lets you create multiple market watchlists, check on your demat account and trade equities as well as mutual funds. It has NSE, BSE, MSEI, and MCX-SX subscriptions and enables you to trade over other financial segments, currency trading, IPO, etc. The app is free for Axis Bank users and is available on iOS and Android devices. Overall, the Axis Direct app is a convenient and user-friendly platform for investors to manage their stock market investments on the go.

• Features

  • Voice commands allow users to speak commands and get them executed efficiently.
  • Live-streaming of the prices of different assets, news updates, and more.
  • App is loaded with technical and analytical tools.
  • Supports investing in stocks, mutual funds, commodities, currencies, etc.
  • Excellent for existing Axis Bank customers.
  • It provides detailed information about every IPO.

• Pros & Cons

  Pros

  • Real-time tracking. Get real-time updates on the stock market and your demat account holdings.
  • Variety of financial products. Besides trading equities, you can also invest in mutual funds and Systematic Investment Plans (SIPs).
  • User friendly. The design is minimalistic and simple enough for beginners to pick up and enjoy.

  Cons

  • Few advanced trading features. The Axis app contains fewer advanced trading tools than competitor apps on the market.

• Price

  Equity delivery at 0.50%, Equity intraday at 0.05%, and Equity future: 0.05%

• Steps to trade using Axis Direct

  

  1. Download the app and sign up using credentials.
  2. After the verification step, enter the PAN card number and date of birth to complete the next step.
  3. Fill up the personal details and bank details.
  4. Make payment. Upload your documents like canceled cheque, passport size photo, address proof.
  5. E-sign your online demat account opening form.
  6. You are ready to start trading.

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Bajaj Financial Securities is the trading app offered by Bajaj Finserv, a boutique brokerage in India that offers investment services for high net-worth individuals, families and firms. As a user, you can access instruments listed on Indian exchanges — from bonds and derivatives to intraday equity trading. The app offers features such as live stock market updates, real-time portfolio tracking, and the ability to place buy and sell orders. Additionally, users can view research and analysis, and access financial news and market insights to make informed investment decisions. The app is available for both Android and iOS devices and can be downloaded from the respective app stores.

• Features

  • Easy to invest in if you’re an iOS or Android user.
  • Real-time price alerts and customized alerts available on selected stocks.
  • Fast and reliable.
  • Multiple securities to choose from.
  • Advanced filter options to shortlist from.
  • Charts for analyzing performance.

• Pros & Cons

  Pros

  • Tailored services. At Bajaj Finserv, each user gets their own account relationship manager.
  • Niche instruments. Besides trading basic instruments like stocks and options, you can also trade IPOs and fixed deposits.

  Cons

  • No commodity trading. Indian investors looking to trade precious metals and energy resources should look elsewhere, as Bajaj doesn’t offer access to the MCX.
  • No trading advisory. Unlike most boutique brokerages, Bajaj does not offer trading calls or research reports.

• Price

  Bajaj Finserv offers three different subscription plans. The Freedom pack, for example, comes with a free yearly subscription charge for the first year and ₹431 (tax inclusive) from the second year onwards.

• Steps to open Bajaj Finserv Demat & Trading Account

  

  1. Download the app and sign up with your mobile number.
  2. Fill in the personal details and address and bank details.
  3. Upload documents like PAN cards, photographs, and Signature images (on white paper). Aadhar card/Passport/Voter ID for address proof and 3-month Salary Slips/6 month Bank Statement/Net Worth Certificate for income proof.
  4. Complete In-Person Verification by uploading a 30-second video of yourself reading the provided script.
  5. Finally, verify the mobile number through OTP in the E-Sign section. Click on Sign now.
  6. Account gets activated once the Aadhar card verification is completed.

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