Categories: Stock Markets

Top 5 apps for stock trading in India

When the world was locked in their houses during the COVID lockdown, India was seeing a steady rise in the number of traders entering the stock markets. This increase was also a result of the steady technological advancements in stock trading apps which made real-time stock trading quite approachable on the online portals even for those who may not be tech wizards. Are you too a new trader and want to choose among the abundant stock trading apps available today? Then check out the list of the top 5 stock trading apps in India and their key features and start your trading journey.

Top 5 stock trading apps in India

There are a number of stock trading apps available today. But, which one is ideal for investors? We have selected the Top 5 apps that can suit the requirements of investors and traders.

Fisdom

Fisdom is a broking platform offered by Finwizard Technology Pvt Ltd. Launched in 2016, the app offers seamless stock investment, mutual fund products, IPOs, NCDs, Sovereign Gold Bonds, pension funds, wealth management, insurance, tax filing stock broking, etc.

Fisdom app enjoys:

Android rating – 4.7/5
App downloads – 10 lakh+

Features of Fisdom app

Here are some of the top features of this app:

Faster order entry and review for efficient trading
Efficient and faster loading that allows investors to quickly view their holdings and P&L
Exclusive mutual fund ratings to better evaluate a fund before investing
Investors can visit smallcase.fisdom.com to invest in expert curated portfolios
Smooth e-KYC
Secure transactions
Convenient single-view dashboard for easy tracking of investments
Free access to advanced research reports

The Fisdom app enables traders and investors to carry out transactions in stock markets in real-time and also provides access to a huge knowledge base relating to the stock market analysis, the latest developments within the countries and abroad and their impact on average investor or trader. With only Rs. 20 per trade charged as broking fee, investors can use this app for smart stock and even F&O trading.

Since its inception, Fisdom has achieved many milestones including over 1 million customers, more than Rs. 5,000 crores in Assets Under Management, and more than 20 million transactions successfully executed on the platform.

Is it safe to invest in Fisdom?

Fisdom is a SEBI-registered investment advisor and stock broking app. Moreover, they are also registered with the AMFI, IRDAI, and BSE and have 256-bit SSL encryption security. These features ensure the utmost safety of investment and trade through Fisdom.

Trade Faster with Fisdom! Download app now!

Zerodha Kite

Zerodha Kite stands out as India’s premier mobile trading app from the leading stockbroker, Zerodha. It’s available on iOS and Android and It caters to all types of trading needs effectively.. Its top-tier features include a comprehensive chart with 100+ indicators, quick buy and sell options, a user-friendly interface, clear fund tracking, universal instrument search, real-time market analysis, and integrated trading tools. This app is free to use and charges Rs. 20 per trade for intraday trading.

ICICI Direct

ICICI Direct Markets is a leading trading app in India, designed for both novice and seasoned investors. It offers a seamless online trading experience with speedy order placements across diverse product categories. A few key features include integrated research insights, smart order algorithms, a flat Rs 7 per order plan with Flash trade and Order slicing/Execution Algos, zero brokerage hours on select days, easy options trading, instant pay-outs with eATM, one-click order baskets for multiple asset classes, in-depth analysis tools for F&O and commodities, and real-time streaming charts. Additionally, it provides margin trade funding, enabling “Buy Now, Pay Later” convenience. This app delivers a holistic trading and investing experience for users.

Upstox

Upstox, a leading stockbroker in India, offers the popular Upstox PRO mobile trading app, formerly known as RKSV Securities. Based in Mumbai, India’s financial hub, Upstox is highly regarded in the industry. The Upstox PRO app boasts a range of impressive features, including a universal search tool for easy stock discovery, versatile charts with various intervals and drawing styles, and the convenience of trading directly from charts using the Trade from Charts (TFC) feature. It also allows users to set multiple price alerts for instant updates. Upstox is particularly known for its quick and hassle-free investing experience, with charges as low as Rs 20 or 0.05% for Equity Intraday, Equity Futures, Currency Futures, and Commodity Futures, whichever amount is lower.

Angel Broking

The Angel One App is a top-notch trading app in India’s broking sector, offering a user-friendly interface and a comprehensive set of features. It allows for easy stock trading, real-time tracking of derivatives, live stock quotes and charts, access to 40+ technical indicators, and seamless fund transfers to over 40 banks. This versatile app is suitable for both beginners and experienced traders, and it simplifies mutual fund investments. Additionally, it facilitates investments in various bonds, including corporate and sovereign bonds, with competitive charges of Rs. 20 per order or 0.25% of the transaction value, whichever is lower, across commodities, futures, forex, and options.

Key factors to consider while selecting a stock trading app

There are several stock trading apps available in the markets today. This makes it quite overwhelming for new traders especially to select an app and start their stock trading journey. Here are a few key points to consider that can simplify the process of selecting a stock trading app.

Check that the app has a user-friendly interface and ease of navigation to enable faster execution of orders.
Compare the brokerage fees charged by the platform with that of others. Also, ensure that there are no hidden charges which can eat into the net returns from stock trading.
Always opt for a reliable stock broker that provides a secure platform for stock trading and also has a stable portal free from technical glitches.
Make sure the app is regulated by SEBI (Securities and Exchange Board of India) to ensure it complies with Indian trading regulations.
Check the customer care support offered by the broker. This is crucial in case of any emergency or issue on the portal while stock trading.
Consider the account types offered by the broker and the charges for the same. Traders usually prefer a broker that can provide multiple types of trading accounts so they do not have to sign up with different brokers to meet their needs.
Look for apps that support various order types, including market orders, limit orders, stop-loss orders, and more.
If you plan to trade on margin, confirm whether the app provides margin trading facilities and understand the associated terms and risks.
Some apps offer educational materials and tutorials to help you improve your trading skills. Consider this if you are a beginner.
Read user reviews and seek recommendations from experienced traders to gauge the app’s reputation and performance.

Conclusion

The introduction of stock trading apps has revolutionized the way to trade for an average trader. These apps provide a way of trading and also access to real-time data. With the abundant options available today, traders need to select an app that meets their unique needs and is also cost-effective and reputable at the same time.