Top 20 Best Trading Apps in India 2024 – Stocks and Mutual Funds

Top 20 Best Trading Apps in India 2024 – Stocks and Mutual Funds

Trading apps have gained momentum in India. However, you must know which app is more suitable for you. This is how you can gain maximum profits. Gone are the days when newbies found it challenging to use trading apps. We are here to help you choose among the top 20 best trading apps in India. These online stock trading platforms ensure you do not face any issues when striking your deals. 

Our Top Picks:

1. Best Overall – Paytm

Paytm is currently one of the most efficient mobile trading apps. It adheres to the principles of analysis, investment, tracking, and withdrawal, ensuring a smooth and easy trading process. You can rely on this platform for your mutual fund investments.  It is a versatile and user-friendly platform for financial management, which makes it an overall app with all the necessary features. 

2. Best for Advanced Traders – Zerodha

Zerodha is ranked among the top 20 best trading apps in India. As the leading stockbroker, it provides online flat-fee brokerage services for advanced traders seeking to diversify their investments across various platforms. These include commodities, equity, currency, direct mutual funds, government securities, and more. Zerodha is recognised as one of the best stock market investment apps, offering advanced tools for trading purposes.

3. Best for Beginners – Paytm

Beginners do not have much good trading knowledge. That is why their key requirement is to trade at the lowest brokerage charges. This makes Paytm one of the top stock trading platforms. The platform offers trading at just Rs. 20 per order, providing a flat brokerage rate for delivery, equity, and intraday derivative trading. Paytm stands out as an ideal broker for beginners interested in mutual funds, offering direct mutual funds at zero brokerage fees. This makes it one of the top 20 best trading apps in India

4. Most Popular – Zerodha 

Zerodha provides an outstanding online trading platform with a low brokerage fee. This makes it one of the most transparent stockbrokers. Continuous improvement and innovation have also made it the fastest-growing fintech company. Brokers also prefer this trading app for its commitment to delivering trustworthy and reliable services.

Apps Comparison on App Rating, Fees Per Trade, Best Offers

Trading AppsApp RatingFees Per TradeBest Offers
Paytm Money: Stocks, MF, IPO3.8/5.0  Rs.20 per orderFree demat and trading account 
Kite by Zerodha3.9/5.0Rs.20 per orderFree equity delivery and direct mutual funds
Angel One: Stocks, Mutual Fund4.2/5.0Rs.20 per orderZero brokerage for the first 30 days
Upstox- Stocks & Demat Account4.3/5.0Rs.20 per orderZero brokerage on mutual funds and IPOs
ICICIdirect: Stocks F&O MF IPO4.3/5.0Rs.25 per orderUp to 50% brokerage reduction on premium plans
Kotak Securities (Kotak Neo)4.1/5.0Rs.20 per orderTrade-free plan for investors up to 30 years of age
HDFC Sec: Stocks, MF & IPO4.4/5.0Rs.25 per orderLow equity delivery brokerage
MO Trader: Stock Trading App4.0/5.0Rs.20 per orderReady to invest portfolios
SBI Securities: Stocks, MF, FNO3.9/5.0Minimum 5 paise per shareUp to 4x shares with 0% interest
Groww Stocks, Mutual Fund, UPI4.4/5.0Rs.20 per orderSelect from 5000+ direct mutual funds
Sharekhan: Demat & Trading App4.3/5.0Minimum 1 paise per shareZero fund transfer charges
5paisa: Shares & Mutual Funds4.3/5.0Rs.20 per order100% off on equity delivery per order
IIFL- Demat Ac, Stocks & IPOs4.3/5.0Rs.20 per orderZero account opening charges
Axis Direct RING3.1/5.0Rs.25 per orderE-Margin (Buy More Pay Later) option
Dhan: Share Market Trading App4.1/5.0Rs.20 per order20% brokerage for friend referrals 
FLIP by Geojit3.1/5.0Rs.50 per lot50% off trading brokerage on referrals
FYERS4.2/5.0Rs.20 per orderInvestments with zero brokerage 
Choice FinX – Stocks, MF & IPO3.9/5.0Rs.25 per orderFree equity delivery trade
SMC Ace: Stock, Demat, IPO, MF3.6/5.0Rs.20 per orderFlat 20 rs per trade for intra-day
Ant Mobi 2.03.3/5.0Rs.15 per orderRs 50 brokerage cashback

Apps Comparison on Different Charges, USP, Tools Available

Trading AppsDifferent ChargesUSPTools Available
Paytm Money: Stocks, MF, IPORs.20 or 2.5% of turnover on equity (whichever is lower)Fractional investing, low costsMutual fund calculator, SIP calculator, Currency convertor
Kite by ZerodhaRs.200 to open a trading accountAdvanced charting & tools, low brokerage feesFundamentals by Smallcase, option chain by Sensibull, technicals by Streak
Angel One: Stocks, Mutual FundRs.250 demat account opening chargesBeginner-friendly tutorials, curated investment packsSuperfast TradingView, Python, NodeJs
Upstox- Stocks & Demat AccountRs.20 per executed order or 0.05% (whichever is lower)Free demat account, fractional investingMF Return Calculator, SIP Calculator, ELSS Calculator, Brokerage Calculator, Gold Rate Tracker
ICICIdirect: Stocks F&O MF IPORs.50 per brokerage orderWide range of investment options, research reportsPayoff Analyzer, Basket Order, Cloud Order, Option Express
Kotak Securities (Kotak Neo)Rs.99 trading account opening chargesUser-friendly app, personalised investment adviceKotak Neo, Kotak Neo Trade API
HDFC Sec: Stocks, MF & IPORs.750 demat account opening chargesIPO access, investment tips & tricksSIP Calculator, Whizz Value Plan, Portfolio Optimizer
MO Trader: Stock Trading AppRs.199 (Free for 1st Year)Advanced analytics & trading tools, strong researchOption Strategy Builder, TradeGuide Signal
SBI Securities: Stocks, MF, FNORs.850 trading account opening chargesLarge & trusted institutions have diverse investment optionsE-Margin calculator, Stock analysing tool
Groww Stocks, Mutual Fund, UPI Rs.20 per trade (or 0.05%, whichever is lower)Simple & intuitive interface, direct mutual funds, zero commission Live technical charts, financial calculators, equity margin calculator  
Sharekhan: Demat & Trading AppRs.400 per year on trading accountDedicated relationship managers, robust customer supportHeatmap, Live Ticker, TradeTiger
5paisa: Shares & Mutual FundsRs.300 for demat accountsFlat ₹20 brokerages per order, cost-effectiveSWING Trader, Stock Screener
IIFL- Demat Ac, Stocks & IPOsRs.250 (Free for 1st year) on demat accountsFree demat account with first trade, educational resourcesRetracement, Extensions, Price Channels, Andrew Pitchfork
Axis Direct RINGRs.650 per year (free for 1st year) on demat accountsAI-powered trading recommendations, mobile-first platformReturns Calculator, SIP Calculator
Dhan: Share Market Trading AppRs.20 per brokerage chargeFlexible order types, community featuresDrawing tools, Options Chains, Charts
FLIP by GeojitRs.400 for demat account chargesMulti-asset platform, 24/7 customer supportAdvanced charting tools, Basket orders, Heatmaps
FYERSRs.20 brokerage chargesAdvanced technical analysis tools, algorithmic tradingPortfolio tracker, Advanced charting tools, Options calculator
Choice FinX – Stocks, MF & IPORs.200 demat account annual chargesCustomisable screener & watchlists, IPO accessChoice FinX signal, Sumeet Bagadia desk
SMC Ace: Stock, Demat, IPO, MFRs.499 demat account opening chargesEasy navigation, good for smaller investorsHeatmap, Portfolio Tracker
Ant Mobi 2.0Rs.15 to Rs.20 brokerage chargesSimple interface, focus on educationMargin Calculator, Pivot Points, Trade Finder, Brokerage Calculator 

Apps Comparison on Range of Investment Options 

Trading AppsInvestment Options
Paytm Money: Stocks, MF, IPOStocks, Mutual Funds, IPOs 
Kite by ZerodhaStocks, mutual funds
Angel One: Stocks, Mutual FundStocks, mutual funds
Upstox- Stocks & Demat AccountStocks, Demat accounts
ICICIdirect: Stocks F&O MF IPOStocks, F&O (Futures & Options), Mutual Funds, IPOs
Kotak Securities (Kotak Neo)Stocks, Mutual Funds, IPOs
HDFC Sec: Stocks, MF & IPOStocks, Mutual Funds, IPOs
MO Trader: Stock Trading AppStock Trading
SBI Securities: Stocks, MF, FNOStocks, Mutual Funds, IPOs
Groww Stocks, Mutual Fund, UPIStocks, mutual funds, UPI
Sharekhan: Demat & Trading AppStocks, Demat Account
5paisa: Shares & Mutual FundsShares, Mutual Funds
IIFL- Demat Ac, Stocks & IPOsDemat Account, Stocks, IPOs
Axis Direct RINGStocks, Mutual Funds, IPOs
Dhan: Share Market Trading AppShare market trading
FLIP by GeojitStocks, Mutual Funds, IPOs, Bonds, Futures, Options, Commodities, Currencies
FYERSStocks, Mutual Funds, IPOs
Choice FinX – Stocks, MF & IPOStocks, Mutual Funds, IPOs
SMC Ace: Stock, Demat, IPO, MFStock, Demat Account, IPOs, Mutual Funds
Ant Mobi 2.0Stocks, Mutual Funds, IPOs

What Are the Key Features to Look for in a Trading App in India?

  1. User Interface

The trading app prioritises user experience by offering a clean and intuitive interface. 

  1. Real-time Data

It must provide users with live streaming of market prices, charts, and indicators. 

  1. Multiple Asset Classes

The trading app must offer access to multiple platforms for traders to exploit different investment opportunities. 

  1. Order Types

Equity trading apps must go beyond basic market orders. They must provide limited orders, stop-loss orders, trailing stops, and conditional orders. 

  1. Data Privacy and Security

Stock market investment apps should be able to employ robust security measures, like encryption protocols and two-factor authentication.

Benefits Of Using Trading Apps and Tips on How to Use

The benefits of using trading apps include the following:

  1. Cost-effectiveness

Trading through mobile trading apps can save you more money when compared to a stockbroker. The consulting fee for the specific stockbroker is higher than the fee charged by robo-advisors.

  1. Convenience

You will find it easy to do trading on all online stock trading platforms. Just create an account and keep tabs on all your investments at your convenience. 

  1. Latest Updates 

The 20 best trading apps in India are designed to display all your investments. This may also showcase the stock performance in a single interface. Moreover, you can buy and sell your shares and evaluate your profits under a single platform. 

  1. No Middleman

The top stock trading platforms make sure there are no middlemen in between transactions. Investors can also choose from multiple portfolio suggestions instead of going to brokers for recommendations.

  1. Faster Transactions

Placing orders for buying and selling shares is quick on equity trading apps. These apps offer various online payment methods that facilitate the instant transfer of funds between accounts.

Here are some tips to invest in trading apps

  1. Practice

Make different imaginary trades and fine-tune your skills with a pretend account. You must pretend as if the money was real. It will enable you to find what works and what does not work without taking any risks. 

  1. Timing:

Avoid entering a trade during the initial hours. This is because volatility is the strongest at this time of day. Many experts trade intraday between 12 p.m. and 1 p.m. Pricing mistakes and false trends are possible for over-bustle.

  1. Watch the Declining Stocks

Analyse all over-performing stocks the same way as your sputtering stocks. You may make mistakes during investments and still expect it to keep paying off. Check for signals of a slowdown or decline. Get out as quickly as possible to avoid losing your trading deals.

  1. Do Comprehensive Research

Investigate stocks that you have found through professional intraday calls. Check if there are any related upcoming corporate events. Acquisitions, mergers, bonus problems, and stock splits are just a few examples. These are important in enhancing the technical levels of trading. 

Difference between Online and Offline Trading

ParticularsOnline TradingOffline Trading
Ease of Trade It helps you undertake all transactions as per your will, with very limited interference from brokers.Complete dependency on the broker to complete your transactions
ConvenienceIt gives you the convenience to transact quickly anywhere and at any time.   You must follow up constantly with the broker to initiate all transactions and complete them on time.  
PlatformResearch and invest in multiple asset classes, like shares and commodities, using one platform.It needs you to conduct research yourself before asking the broker to execute the trade. 
Quality of adviceGet research reports on stocks and other investment options at your fingertips.Rely on the recommendations of the broker, which may or may not be based on research.
Costs involvedYou may be charged lower fees than the broker. It enhances the profits of all your transactions. You may have to pay more brokerage charges because of highly personalised services. 
SecurityYou have complete control over your stocks and shares, which makes it a secure form of trading. Brokers may conduct transactions on your behalf without your knowledge.
Real-time informationReal-time updates on shares, securities, and markets are easily available on online trading platforms.There may be a time lag in sharing real-time information on trading. 
Fraud There is a very minimal risk of potential fraud. SEBI regulates online trading accounts and ensures safety protocols during the process. Inaccurate impersonation, forging of documents, lack of adequate checks and balances.
Expertise and Knowledge You can access detailed research reports and analytical insights provided by your broker. You may receive valuable guidance from the broker if the person is experienced in trading. 
SpeedYou can complete your deals instantly because the entire process is digitised. The speed of executing transactions is slower than online stock trading platforms. 

Documents required for opening up a Trading Account App?

Ensure you have these documents handy to open a Trading Account App:

1. ID Proof (Both):

  • Aadhaar card
  • PAN card

2. Address Proof (Any One):

  • Aadhaar card
  • Passport
  • Voter ID
  • Driving licence
  • Bank proof

3. Bank Proof (Any One):

  • Bank statement
  • Cheque
  • Passbook

A step-by-step guide to downloading and opening an account in Trading App

  1. Choose a Brokerage Firm

Conduct thorough research on brokerages. Consider charges, platform interface, and value-added services before choosing one. Decide the trading account you want and then sign in to the trading app after downloading it. 

  1. Check the Account Opening Process

Inquire about the trading account procedure on the app. Fill out an account opening form and the KYC form.

  1. Submit Documentation

Provide identity, residence, and income proofs. You may have to upload your Aadhar, passport, and PAN card photocopies.

  1. KYC Verification

The brokerage conducts manual or e-KYC verification after the application submission. Wait for the app to verify your credentials. 

  1. Activation Process

The account activation happens almost instantly on the app. However, it may take around 3-4 days in rare situations. 

Best Trading Apps in India (20 Apps + short description)

1. Paytm Money: Stocks, MF, IPO

  • Android Rating: 3.8
  • IOS Rating: 4.4
  • App Downloads: 10
  • Speciality Company: SEBI registered stock broker

Features:

  1. Personalised price alerts
  2. Complete Company Information
  3. Secure and User-Friendly App
  4. Stock SIPs
  5. Real-time market information

Positives & Negatives:

PositivesNegatives
Secure and reliable platformEquity Delivery brokerage is not free 
Easy to use and great designNo NRI trading account
Easy investing options using the app

Charges:

Trading SegmentBrokerage Charges
Equity DeliveryRs.20 or 2.5% of turnover (whichever is lower)
Equity IntradayRs.20 or 0.05% of turnover (whichever is lower)
Equity FutureRs.0.01 up to Rs.20 per Executed Order
Equity OptionsRs.20 per order
User Feedback
Ease of use
Simple onboarding process
Zero commission fees

2. Kite by Zerodha

  • Android Rating: 3.9
  • IOS Rating: 3.7
  • App Downloads: 10M+ 
  • Speciality Company: Financial Services

Features:

  1. Universal instrument search facilities across 90,000+ stocks.
  2. Sleek user interface for buying, selling, and managing portfolios.
  3. Personalised trading with Nudge
  4. Automated trades with GTT
  5. Organising and tracking investments with the Tagging feature.
  6. Auctions

Positives & Negatives:

PositivesNegatives
Powerful and customisable charting interfaceSlow account opening process
GTT – Good Till Triggered orders for entry and exit of stocksCovers only the Indian market
Real-time margins for F&O strategies
Real-time stock alerts on the cloud

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.200
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
Demat Account Opening Charges (One Time)Rs.0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.300
User Feedback
Easy-to-use trading platform
No additional trading charges
User-friendly dashboards and reports

3. Angel One: Stocks, Mutual Fund

  • Android Rating: 4.2
  • IOS Rating: 4.2
  • App Downloads: 10M+
  • Speciality Company: Fintech

Features:

  1. Easy-share transfers
  2. Faster dematerialisation & rematerialisation of securities
  3. Pledging facility to avail of a loan
  4. View Portfolio Feature
  5. User-friendly charts for market research
  6. Multiple watchlists

Positives & Negatives:

PositivesNegatives
Increased active alerts from 10 to 25Margin funding for customers without notice
Improved tags on the watchlistGTT order facilities are not available
Price range selection for IPO bids
Category tagging across all IPOs

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
Demat Account Opening Charges (One Time)Rs.0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.240
User Feedback
Best broker services
Multiple investment and trading services
Active client base for better deals

4. Upstox- Stocks & Demat Account

  • Android Rating: 4.3
  • IOS Rating: 4
  • App Downloads: 1 Cr+
  • Speciality Company: Broking Firm

Features:

  1. Universal search tool to search for stocks
  2. Advanced charts with 100+ technical indicators
  3. Real-time market feed
  4. User-Friendly Interface
  5. Profile API

Positives & Negatives:

PositivesNegatives
Good charting featuresDirect investing is not allowed for mutual funds
Better customisation optionsNo API access to automated trading
Frequent product updates
Faster trading experience

Charges:

Upstox ChargesEquity DeliveryEquity Intraday
BrokerageRs.20 per executed order or 2.5% (whichever is lower)Rs.20 per executed order or 0.05% (whichever is lower)
GST18% (on Brokerage + Transaction Charges)18% (on Brokerage + Transaction Charges)
User Feedback
Easy to navigate and place orders
Low commission fees
User-friendly app interface

5. ICICIdirect: Stocks F&O MF IPO

  • Android Rating: 4.3
  • IOS Rating: 4.5
  • App Downloads: 500K+
  • Speciality Company: Virtual Finance Supermarket

Features:

  1. One-click equity investment options for traders.
  2. Systematic Equity Plan (SEP) to leverage the power of compounding.
  3. E-ATM facility with zero additional costs. 
  4. Visualise potential profits and losses with the Payoff Analyzer
  5. i-Lens feature for stock research.

Positives & Negatives:

PositivesNegatives
Pay later options to purchase stocks in smaller marginsHigh brokerage charges
Customisable alerts on all transactionsCharges per call
2% higher interest rates than traditional trading options
Regular income payout every year

Charges:

TransactionCharges
Account Opening ChargesRs.0 (Free)
Demat Account Annual Maintenance Charges AMCRs.300 per year
Demat Debit Transaction Charges (Sell Orders)Rs.20 per transaction
Call & Trade ChargesRs.50 per order
User Feedback
Safe and trusted broker
Free trading account for beginners
Well-integrated with bank accounts

6. Kotak Securities (Kotak Neo)

  • Android Rating: 4.1
  • IOS Rating: 4.5
  • App Downloads: 1M+
  • Speciality Company: Stock Broking

Features:

  1. Basket Orders feature to place multiple orders
  2. Easily assess your portfolio’s performance using the P/L filter tool.
  3. Increase your trading margin by pledging your stocks for higher volume trades.
  4. Single-click transactions.
  5. Real-time Order Updates

Positives & Negatives:

PositivesNegatives
Combined 3-in-1 account for all trading typesLimited brokerage plans
25+ years of trusted servicesHigh equity delivery brokerage charges
Low-cost brokerage plans
Zero brokerage plans for investors up to the age of 30

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.99
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0
Demat Account Opening Charges (One Time)Rs.0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.600
User Feedback
Decent full-service broker
Free account opening flexibility
Multiple investing and trading services under a single platform

7. HDFC Sec: Stocks, MF & IPO

  • Android Rating: 4.4
  • IOS Rating: 3.5
  • App Downloads: 5M+
  • Speciality Company: SEBI registered broker

Features:

  1. Smart and fast IPO trading with UPI
  2. Dedicated RMs to simplify investment options
  3. Portfolio tracker to manage financial investments
  4. Multilingual App with access to over 11 languages
  5. Live news updates

Positives & Negatives:

PositivesNegatives
One-stop shop for all investmentsNon-negotiable brokerage charges
Lowest brokerage charges for equity deliveryNo commodity trading options
24/7 customer assistance
Excellent trading program options for beginners

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.999
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0
Demat Account Opening Charges (One Time)Rs.0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.750
User Feedback
Technically advanced and user-friendly platform
Excellent trading experience

8. MO Trader: Stock Trading App

  • Android Rating: 4
  • IOS Rating: 3.5
  • App Downloads: 10L+
  • Speciality Company: Financial Services

Features:

  1. Consolidated view of orders and positions.
  2. Multiple orders for different stocks simultaneously.
  3. Interactive charts and technical indicators with advanced charting options. 
  4. Power Cart Feature
  5. Real-Time Profit & Loss Updates

Positives & Negatives:

PositivesNegatives
Free in-depth analysis and stock recommendationsThere are no offers for flat brokerage
Proper customer support via emails and callsTime-consuming account opening process
Strategy builder to enable smart trading
Investments across multiple asset classes

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0
Demat Account Opening Charges (One Time)Rs.0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.199 (Free for 1st Year)
User Feedback
Free call and trade services
Physical branches across different locations

9. SBI Securities: Stocks, MF, FNO

  • Android Rating: 4
  • IOS Rating: 3.9
  • App Downloads: 1M+
  • Speciality Company: Subsidiary of State Bank of India

Features:

  1. Trade in equities, derivatives, mutual funds, ETFs, IPOs, commodities, and currency
  2. Accessible and intuitive platform for both beginners and experienced users
  3. Market research reports, analyst recommendations, and fundamental data
  4. Visualise market trends effectively with Heat Maps and Bubble Maps

Positives & Negatives:

PositivesNegatives
Safe, reliable, and technologically advancedInstallable Trading Terminal (exe) not available
Wide range of trading and investment optionsGood Till Cancelled (GTC) orders are not available
Flexible equity delivery trades
Direct mutual fund investment options

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.850
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0
Demat Account Opening Charges (One Time)Rs.0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.350
User Feedback
Trustworthy stock broker
Personalised services across all branches

10. Groww Stocks, Mutual Fund, UPI

  • Android Rating: 4.4
  • IOS Rating: 4.3
  • App Downloads: 50M+
  • Speciality Company: Investment platform

Features:

  1. Direct mutual funds
  2. Option to invest in digital gold
  3. Mutual fund tracking and analysis
  4. Instant paperless account opening
  5. Simple user interface
  6. Real-time stock alerts

Positives & Negatives:

PositivesNegatives
Profits through investment in growth stocksNot suitable for short-term traders
Bigger returns amid rising inflation ratesNo freedom to consolidate holdings in a single account
Higher per capita income through smart trading
Higher expansion rate for investing companies

Charges:

Trading SegmentBrokerage Charges
Equity DeliveryRs.20 per trade (or 0.05%, whichever is lower)
Equity IntradayRs.20 per trade (or 0.05%, whichever is lower)
Equity F&ORs.20 per trade
User Feedback
User-friendly interface
Yearly fee maintenance system
Excellent customer support

11. Sharekhan: Demat & Trading App

  • Android Rating: 4.3
  • IOS Rating: 4.3
  • App Downloads: 5M+
  • Speciality Company:  Brokerage firm

Features:

  1. In-class charting options for better trading decisions
  2. Advanced tools like heatmaps to do proper calculations
  3. Free online training sessions to trade better.

Positives & Negatives:

PositivesNegatives
Real-time news and research recommendationsHigher brokerage charges
Plot entry, target and exit lines on the chartOffers risky products like margin funding
Option quotes with more than 30 trading strategies
API integration for automated trading

Charges:

Account TypeChargesDetails
Trading AccountOne Time: Rs.0 (Free)Annual Maintenance Charges (AMC): Rs.0 (Free)Opening Charges
Demat AccountOne Time: Included in trading account openingAnnual Maintenance Charges (AMC): Rs.400Free for 1st year with a trading account (Later, it is Rs.400).
User Feedback
Advanced charting tools
Responsive and helpful customer support 
Several resources for training

12. 5paisa: Shares & Mutual Funds

  • Android Rating: 4.3
  • IOS Rating: 4.3
  • App Downloads: 1 Cr+
  • Speciality Company:  Public Limited Company

Features:

  1. Online trading at BSE, NSE, and MCX.
  2. Online Mutual Fund investment (Direct & Regular MFs)
  3. Three different brokerage plans for traders

Positives & Negatives:

PositivesNegatives
Paperless account opening for freeHigher debit transaction charges
Free mutual fund accountNo NRI trading services
Multilingual trading options

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
Demat Account Opening Charges (One Time)Rs.0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.300
User Feedback
Flat fee structure
Friendly and approachable customer care

13. IIFL- Demat Ac, Stocks & IPOs

  • Android Rating: 4.3
  • IOS Rating: 4.4
  • App Downloads: 5M+
  • Speciality Company: Financial Services

Features:

  1. Competitive interest rates
  2. One tap to customer support
  3. Minimum 1 lakh margin required
  4. Personalised watchlists
  5. Stock screeners

Positives & Negatives:

PositivesNegatives
Offers equity, commodity, and currency tradingEquity delivery brokerage is not free
Free research reportsAdditional call and trading charges
Access multiple indices
Instant notifications

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0
Demat Account Opening Charges (One Time)Rs.0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.250 (Free for 1st year)
User Feedback
Good market investment options
User-friendly app

14. Axis Direct RING

  • Android Rating: 3.1
  • IOS Rating: 2.6
  • App Downloads: 5L+
  • Speciality Company:  A subsidiary company of Axis Bank Ltd.

Features:

  1. 3-in-1 account
  2. A larger number of investment products
  3. Free research reports
  4. Expert classroom sessions and webinars

Positives & Negatives:

PositivesNegatives
Expert opinions on stocks and investmentsHigh brokerage charges
Convenient access to multiple market segmentsChargeable subscription-based platform
Free trading calls
Margin funding facilities

Charges:

Category Charges
3-in-1 Account Opening ChargesRs.999
Demat Account Opening ChargesRs.0
Demat Account AMCRs.650 per year (free for 1st year)
User Feedback
Smooth and flawless trading experience
Real-time updates

15. Dhan: Share Market Trading App

  • Android Rating: 4
  • IOS Rating: 3.3
  • App Downloads: 1M+
  • Speciality Company: Stockbroker

Features:

  1. Built For Super Traders
  2. Advanced Option Chain
  3. Instant Margin Benefit
  4. Forever Orders with OCO

Positives & Negatives:

PositivesNegatives
Low and flat-rate brokerage chargesNo unlimited trading plans
Technology-led and product-based brokerNo mutual fund investment options
User-friendly and simple trading experience
Up to 4x leverage for investing and trading

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
Demat Account Opening Charges (One Time)Rs.0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Lifetime Zero AMC)
User Feedback
Best for long-term investments
Flexible dividend tracking options

16. FLIP by Geojit

  • Android Rating: 3.1
  • IOS Rating: 2.9
  • App Downloads: 100K+
  • Speciality Company: Mobile trading platform

Features:

  1. Customisable Layout
  2. Integrated Security System
  3. Security Page with Technical and Fundamental Data
  4. Multi-leg Option Orders

Positives & Negatives:

PositivesNegatives
High-security trading platformHigh brokerage charges
Multiple exchange supportIt does not offer a 3-in-1 trading account
Advanced charting tools
Multiple exchange support

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
Demat Account Opening Charges (One Time)Rs.0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.400 per year
User Feedback
Very good platform
Fast and user-friendly

17. FYERS

  • Android Rating: 4.2
  • IOS Rating: 4
  • App Downloads: 10L+
  • Speciality Company: Fin-tech

Features:

  1. Portfolio simulation
  2. Technical screeners
  3. Automated trading
  4. Market exploration
  5. Technical indicators
  6. Advanced charting

Positives & Negatives:

PositivesNegatives
Advanced EOD reportsHigher transactions charges
Free equity delivery trading
No hidden charges
Single margin account.

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
Demat Account Opening Charges (One Time)Rs.0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
User Feedback
User-friendly app 
Flexible trading opportunities

18. Choice FinX – Stocks, MF & IPO

  • Android Rating: 3.9
  • IOS Rating: 3.6
  • App Downloads: 500K+
  • Speciality Company: Financial Conglomerate

Features:

  1. Choice find signal
  2. Equity intraday flexibilities
  3. Free call and trade facility
  4. Live market data

Positives & Negatives:

PositivesNegatives
Simple trading options No 3-in-1 account services
Instant and paperless account signupsNo flexible brokerage plans
Zero account free opening 

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Rs.0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs.0 (Free)
Demat Account Opening Charges (One Time)Rs.0 (Free)
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.200 or as per plan. (1st year AMC free)
User Feedback
Best app for long-term trading 
Supportive customer care 

19. SMC Ace: Stock, Demat, IPO, MF

  • Android Rating: 3.6
  • IOS Rating: 2.4
  • App Downloads: 1M+
  • Speciality Company: Financial Services

Features:

  1. Real-time market analytics data
  2. Research calls
  3. SMC robo advisory
  4. Track multiple stocks on a single-screen
  5. Technical SMS alert facility available
  6. Hot key functions for faster trading

Positives & Negatives:

PositivesNegatives
Advanced charts for better market analyticsNo mobile trading options for NSE
Real-time streaming quotesNo 3-in-1 accounts
Multiple back office reports

Charges:

TransactionFee
Trading Account Opening Charges (One Time)Nil
Trading Annual Maintenance Charges AMC (Yearly Fee)Nil
Demat Account Opening Charges (One Time)Rs.499
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs.300
User Feedback
Dependable stock trading
Lesser transaction charges

20. Ant Mobi 2.0

  • Android Rating: 3.4
  • IOS Rating: No rating
  • App Downloads: 100K+
  • Speciality Company: Mobile trading platform under Alice Blue

Features:

  1. In-built stock fundamentals
  2. Strategic insights into the market
  3. Trade-on-the-go with option chain
  4. 100+ technical indicators
  5. Predefined basket of stocks

Positives & Negatives:

PositivesNegatives
Speedy transactionsBrokerage charges applicable
Secure access to funds
Direct trading options

Charges:

Category Charges
BrokerageRs.15 to Rs.20
Intraday, Equity, Commodity & Currency Futures & OptionsRs.15
User Feedback
Easy to use and handle transactions
Enhanced trading features with the latest tools

Frequently Asked Questions.

1. Can I trade multiple asset classes on a single app?

Yes. Mobile trading apps have evolved with time. So, you can trade any asset class from a mobile device. You can also access the tools to implement risk management strategies. 

2. What are the advantages of using mobile trading apps?

Mobile trading apps help a trader be in complete control of their investments. The apps also do not bring in any outsider interference, like brokers. You will also find several important features of these trading apps. Examples include price alerts, market research, historical data, and graphs, which are highly beneficial to an investor.

3. Are there any hidden fees associated with trading apps?

Most trading apps advertise commission-free trading. However, there can still be hidden fees associated with them. So, make sure to read all terms and conditions before investing in any app. 

4. How do I set up and manage a Demat account through a trading app?

Begin by selecting a suitable app, downloading it, and registering for an account to set up and manage a Demat account through a trading app. Complete the KYC process by submitting the required documents. Choose the option for a Demat-cum-trading account and link your bank account. Explore the app’s features, fund your account, and start trading after the document verification process. 

Conclusion:

You must know which are the top 20 best trading apps in India to ensure your deals strike profit. Our curated list will enable you to secure your future trading transactions. 

Author Name: Moumita Guin

Note: Our dedicated team conducts thorough research, testing, and validation of products and brands to create articles that are both accurate and reliable.

Author Bio: Greetings! I am Moumita, a dynamic and dedicated content creator with a fervent zeal for crafting captivating stories and informative content. My adventure in the realm of words began during my academic tenure in Journalism and Mass Communication, where I discovered my ardour for content creation. With a rich background in meticulous product research and expansive long-form content development, I am eager to impart my profound insights. You will find my recommendations and expertise to be of immense benefit.

Top 20 Best Trading Apps in India 2024 – Stocks and Mutual Funds
Top 20 Best Trading Apps in India 2024 – Stocks and Mutual Funds
category
global $post; if ( is_singular() && $post ) { $categories = get_the_category($post->ID); if ( !empty($categories) ) { foreach ($categories as $category) { echo '<a href="' . esc_url(get_category_link($category->term_id)) . '"' . '>' . esc_html($category->name) . '<' . '/a' . '>' . '<' . 'br' . '>'; } } else { echo esc_html__('This post has no categories assigned.', 'text-domain'); } }
Vikatan Deals
Logo