Top 10 Stock Trading Apps in India 2024

The equity market, often referred to as the equity market, presents rewarding but risky chances for wealth accumulation and investment. The best stock trading apps in India are those that are dependable and easy to use to successfully navigate the dynamic environment.

These trading apps, which provide users access to the market, let them execute trades, analyze data, and manage portfolios. Today they have evolved into essential tools for stock trading. The top ten stock trading apps in India are examined in this post, along with their features, advantages, and suitability for various investor types.

Features and Advantages of India’s Best Stock Trading Apps

  • Versatility: Reputable stock trading apps provide a wide range of trading markets, including mutual funds, equities, derivatives, currencies, and commodities.

  • Technical Analysis Tools: Real-time market data, indicators, and sophisticated charting tools help traders make well-informed judgments.

  • User-Friendly Interface: Both beginner and experienced traders can utilise these programs thanks to their simple and effective interfaces.

  • Portfolio Management: Features for making and overseeing several watchlists and portfolios are included.

  • Custom Notifications: For timely trading decisions, users can set price alerts and notifications.

  • Educational Materials: The trading apps provide content to improve your understanding of the stock market.

Comparative Research & Analysis

  • Brokerage Fees: These vary depending on the app; some charge a percentage of the trade value, while others offer flat fees per order.

  • Account Opening and Maintenance Fees: Vary depending on the app; some charge an annual maintenance cost, while others give a free account opening.

  • Ratings and Reviews: Major platforms provide the indicated of positivity of user satisfaction and dependability.

Choosing the Right Stock Trading App for You

  • Consider Your Trading Style: Choose an app based on your degree of experience and trading approach.

  • Evaluate Costs and Features: Examine the features, brokerage fees, and other expenses of different apps.

  • Examine User Reviews: See customer reviews and ratings for information about the reliability and performance of the app.

Also Read: NRI Investment Opportunities in India FY 2024-25

Quick Comparison of the Best Stock Trading Apps in India

App Name Best Known For Trading Charges Account Opening
Angel One Trade monitoring features Equity Delivery: Nil
Equity Intraday: ₹20 or 0.25% (whichever is less)		 No charges
Groww Ideal for beginners 0.05% or ₹20 (whichever is lower) No charges
5paisa Option for automatic investing Equity Delivery: ₹20
Equity Intraday: ₹20		 No charges
Upstox Ideal for immediate investment Equity Delivery: 2.5% or ₹20, whichever is less
Equity Intraday: 0.05% or ₹20, whichever is less		 No charges
Kite by Zerodha Overall Trading Experience Equity Delivery: Nil
Equity Intraday: ₹20		 ₹200
ICICI Direct Marginal trading and pay later Equity Delivery: 0.55%
Equity Intraday: ₹20		 No charges
IIFL Stock tips and research reports Equity Delivery: ₹20
Equity Intraday: ₹20		 No charges
Sharekhan Research reports and access to IPOs Equity Delivery: 0.30% on market rate or minimum 1 paisa per share
Equity Intraday: 0.02% on market rate or minimum 1 paisa per share		 No charges
Motilal Oswal Advanced tools and quick price alerts Equity Delivery: ₹20
Equity Intraday: ₹20		 No charges
Kotak Securities Opening an account is easy and quick Equity Delivery: Nil on higher plans; 0.25% on trade free plan.
Equity Intraday: Nil		 No charges

Also Read: Mutual Funds Hidden Charges

List of Top 10 Stock Trading Apps in India

(List updated on 27-03-2024)

We have ranked the apps based on their popularity and their ratings on the Google Play store.

Trade monitoring features

Angel One

angel-one-app-stock-trading-apps-in-india

Angel One trading app is well-known for giving users a one-stop trading experience with helpful trade monitoring features.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: Nil
Equity Intraday: ₹20 or 0.25% (whichever is less)

  • Trade in a variety of things like stocks, commodities, and currencies. Also, enjoy derivatives, margin trading, and mutual funds.
  • Get live rates for quick trading decisions.
  • Check and analyze all your investments in one place with a top-notch built-in portfolio.
  • Stay updated with instant and real-time news flashes and reports.
  • Watch and update live market data in MS Excel.

  • You can customise the app
  • Innovative software
  • Account opening and maintenance charges are nil.
  • Customer care service is supportive and quick to respond.

  • Higher charges compared to other apps.
  • Many compatibility issues.
  • Bulky trading app.

Google Play Store Rating

5 Crore + App Downloads

Ideal for beginners

Groww

Recently Groww toppled Zerodha to become the biggest brokerage company in India in terms of active investors on the National Stock Exchange (NSE).

Account opening charges: Nil.

Brokerage charges:

0.05% or ₹20 (whichever is lower)

  • Investment options include stocks, mutual funds, gold, US stocks, and fixed deposits.
  • Emphasis on the safety and security of customer data and transactions through encryption and verification methods.
  • Live market updates, stock screener, watchlist, portfolio tracker, SIP calculator, smart alerts, and more.
  • Expert guidance and support from a team of analysts providing research reports, recommendations, tips, and insights on various stocks and mutual funds.
  • Dedicated 24/7 customer support team to assist with queries or issues.

  • Free account opening and maintenance.
  • Low-cost brokerage.
  • User-friendly and intuitive app for easy investment in various instruments.
  • Tools and features like live market updates, stock screener, watchlist, portfolio tracker, SIP calculator, and smart alerts.
  • Expert team providing research reports, recommendations, tips, and insights.

  • Limitations on offering products like commodities, derivatives, currency, and bonds.
  • Absence of useful features (provided by other platforms), such as advanced charting tools, technical indicators, historical data, and backtesting.

Google Play Store Rating

5 Crore + App Downloads

Option for automatic investing

5paisa

5Paisa is a top pick for both traders and investors. It also gives you free access to news, research, advisory services, and blogs – something you don’t always find in other trading apps, even the top ones.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: ₹20
Equity Intraday: ₹20

  • A simple and friendly user interface.
  • You can easily access your watchlists and order books.
  • Stay updated with real-time market data, live stock quotes, and price changes.
  • Advanced tools for charts and multi-asset watchlists.
  • You can invest in U.S. stocks.
  • Create as many watchlists as you need and set unlimited price alerts.

  • No charges for opening a demat account.
  • No commission on MF investing.
  • One-click order placement.
  • Highly customizable app.
  • Multilingual app support.
  • Provides research and recommendations.

  • Distractions on app due to advertisements and promotional offers.

Google Play Store Rating

1 Crore + App Downloads

Ideal for immediate investment

Upstox

Upstox is great for experienced investors and offers trading and investment options in stocks, currencies, commodities, and mutual funds. If you are eager to invest smartly, check out this list of the best investment apps in India across different categories.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: 2.5% or ₹20, whichever is less.
Equity Intraday: 0.05% or ₹20, whichever is less.

  • You can also invest in gold, IPOs, and mutual funds.
  • No commissions for mutual fund investments.
  • Enjoy advanced features like market watch, live stock quotes, and detailed charts.
  • You can even trade directly from charts using the “TFC” feature.
  • Access advanced charting tools with over 100 technical indicators.

  • The brokerage charges are not affordable.
  • It’s accessible on both iOS and Android.
  • Navigating between screens and making trades is easy and convenient.
  • There are no fees for maintaining or opening an account.
  • You can set an unlimited number of price alerts for specific stocks.
  • Customize your stocks watchlist without any restrictions.

  • Charges are ₹20 for call and trade orders.
  • The chart interface leaves much to be desired.
  • The app doesn’t offer any research and recommendations.

Google Play Store Rating

1 Crore + App Downloads

Also Read: Mutual Funds Hidden Charges

Overall Trading Experience

Kite by Zerodha

kite by zerodha

Zerodha has more than 7.22 million active clients. This app is great for both beginners and experienced traders and investors because of its strong technology platform.

Account opening charges: ₹ 200

Brokerage charges:

Equity Delivery: Nil.

Equity Intraday: ₹ 20

  • They’ve introduced a “sticky order window” for convenience, so you can easily place multiple orders using the same input.
  • You can directly invest in mutual funds (MF) with zero commission charges.
  • Their leverage indicator allows users to check the amount of leverage for each trade against equity stocks.
  • They are offering in-depth analytics for daily trades and your entire portfolio.
  • You can access advanced features like the “view breakdown” option, which provides a clear breakdown of brokerage and STT charges.

  • Accessible on both iOS and Android platforms.
  • No brokerage fees for equities delivery trades and mutual funds.
  • User-friendly app, suitable for beginners.
  • Ideal for passive, active, and algorithmic traders.

  • Charges for account opening and maintenance at INR 200 and INR 300 per year, respectively.
  • Optional extra charge for trade SMS alerts.
  • Stock tips and research reports are not available for free.
  • Order details must be retrieved from a separate app, which operates independently from the main platform.

Google Play Store Rating

1 Crore + App Downloads

Marginal trading and pay later

ICICI Direct App

ICICI Direct Markets

ICICI Direct is a well-established brokerage service provider in India, part of the ICICI Group. It provides easy online trading and investment services for everyone, whether you’re a seasoned investor, trader, or just starting out. As a full-service brokerage app, it gives free advice, research, and even offers free equity futures trading.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: 0.55%
Equity Intraday: ₹20

  • Dive into detailed research on stocks and derivatives.
  • Stay updated with smart stock alerts that protect you from high-risk and penny stocks.
  • Quickly place orders by swiping to buy or sell due to the user-friendly interface.
  • Choose from different plans with varying features and charges, such as the prime plan, neo plan, and lifetime prepaid brokerage plan.

  • Log in using biometrics for added security.
  • Enjoy a high refresh rate and minimal downtime.
  • The updated app is more responsive.
  • Smart alerts keep you safe from high-risk stocks.
  • Count on responsive customer service.

  • Log in using biometrics for added security.
  • Enjoy a high refresh rate and minimal downtime.
  • The updated app is more responsive.
  • Smart alerts keep you safe from high-risk stocks.
  • Count on responsive customer service.
  • Some users have reported a slow login process.
  • Exchange membership is restricted to BSE and NSE.
  • It’s not a tech-driven app.
  • Average ratings on both iOS and Android.
  • Can be challenging for beginners.

Google Play Store Rating

50 Lakhs + App Downloads

Stock tips and research reports

iifl stock trading app

IIFL

IIFL app is popular for stock tips and research reports, and these are offered free to their clients.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: ₹20
Equity Intraday: ₹20

  • Get a comprehensive and advanced dashboard for commodities, indices, and currencies.
  • Stay updated with in-depth coverage of markets.
  • Use advanced technical charting tools like Bollinger Bands, MACD, RSI, and moving averages.
  • Apply for IPOs without the hassle of paperwork.
  • You get an instant notifications for orders, trades, and news.
  • The “Call” feature gives you intraday tips for placing orders.

  • User interface is easy to use.
  • You get free research reports.
  • Customer care is very active, you get quick responses
  • Allows placing After Market Orders (AMOs).

  • Lot of complaints from user in the portfolio section.
  • Call and trade services are offered with an extra charges, which is of ₹50.

Google Play Store Rating

50 Lakhs + App Downloads

Research reports and access to IPOs

sharekhan trading app

Sharekhan

Founded in 2000 and a subsidiary of BNP Paribas since November 2016, Sharekhan was one of the first brokers to introduce online trading in India.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: 0.30% on market rate or minimum 1 paisa per share
Equity Intraday: 0.02% on market rate or minimum 1 paisa per share

  • Demat account services to resident Indians as well as NRIs.
  • Demat accounts can be opened for free.
  • Various brokerage plans such as pre-paid account maintenance schemes with reduced brokerage structure.
  • Live stock prices, unlimited charts, advanced chart features, single trading screen, shortcut keys for quick access.
  • Product offerings such as TradeTiger, Dial-n-Trade, Pattern Finder, Sharekhan classroom and exchange margin funding.
  • Users can save their defined screen as well as graph template for future use.
  • Responsive customer care representatives via toll-free phone, email and live online chat.
  • Quick online fund transfer activated with 12 banks.
  • Brokerage charges varies as per plan and transaction value

  • No minimum deposit to be maintained.
  • Advanced features and tools for all the asset classes.
  • Detailed research analysis for trader, investor and mutual fund investor.
  • Extensive education material, courses and workshops.

  • Supports only one fiat currency- INR.
  • Less transparency on charges.
  • Higher brokerage charges as compared to other brokers.
  • User-based complaints on slow upgrades.

Google Play Store Rating

50 Lakhs + App Downloads

Also Read: Joint Bank Account with Spouse – Should You or Shouldn’t You?

Advanced tools and quick price alerts

Motilal Oswal

The MO Investor app is made by one of India’s top stock brokerage firms, Motilal Oswal Securities. It’s well-known for its advanced tools, quick price alerts, and user-friendly interface.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: ₹20
Equity Intraday: ₹20

  • AI-powered tools rebalance your whole portfolio to maximize returns.
  • Get extra services like SIP through WhatsApp, automated advisory, live bot genie, and call and trade.
  • Funding options include loans against securities, margin funding, and stock lending features.
  • Get detailed info on your position, margin, and in-depth analysis through comprehensive research reports.
  • Choose from a wide range of mutual fund schemes from 40 asset management companies.
  • Access a wealth of educational materials through online lessons, videos, and blogs.

  • User-friendly and super fast in its process.
  • Allows easy overview of charts, portfolios, and upcoming market events.
  • Charting tools are not complex and very easy to understand.
  • There are no charges for account opening, advisory and research services.

  • Higher brokerage transactional charges.
  • Complaints of poor customer service.

Google Play Store Rating

50 Lakhs + App Downloads

Easy and quick account opening

Kotak Securities

You can start trading with Kotak Securities without any account opening fees. Opening an account with this stock trading app in India is easy and quick – you have to go through just a few simple steps.

Account opening charges: Nil.

Brokerage charges:

Equity Delivery: Nil on higher plans; 0.25% on trade free plan.
Equity Intraday: Nil

  • You can do online trading with equity cash, equity derivatives, and currency derivatives.
  • You get research reports and online courses.
  • Pay zero brokerage fees on Intraday trades.
  • You get to use trading tools like news, stock charts, gainers/losers, stocks by volume, and more.
  • Different package options.
  • There’s a refer-and-earn program where you can get 15% of the total referral transactions as referral points.

  • Easy user interface.
  • Wide range of research and analysis tools.
  • Access to the international market.
  • Solid customer support system.

  • Features such as price alerts and advanced orders panel are not available.
  • Does not offer a demo account.
  • No option of leveraged trading via Kotak trading app.

Google Play Store Rating

10 Lakhs + App Downloads

One More App

US and international trading

trading view stock trading app

TradingView

trading view mobile app

TradeView is one of the stock trading apps in India, that allows users to trade internationally. This app is known for stock chart analysis, automated pattern recognition, screening, backtesting, live trading. TradingView is recommended for US and international traders.

Charges: Starts at: ₹995/month

  • TradingView offers Stocks, Forex, Futures, and Cryptocurrency trading portfolio.
  • It has a largest active social trading community.
  • Has good stock screening for traders .
  • The Stock Rover screening is useful for long-term investors.
  • Metastock has more powerful backtesting tools.
  • You can get TradingView Pro, Pro+, and Premium for free for 30 days.

  • Perfect for learning with more than 19 million user community.
  • Directly trade from the charts.
  • Best in 1st class screening & chart analysis.
  • You can trade on all stock exchanges around the world.
  • 100,000+ user generated strategies.
  • Outstanding usability experience.
  • Flexible backtesting with pine script.

  • Not ideal for value or dividend investors
  • No access to stock options features

Google Play Store Rating

1 Crore + App Downloads

Final Thoughts on the Best Stock Trading Apps in India -

The topic of which of the top stock trading apps is the best, is highly significant in the finance industry. Even for beginners, trading is made simple and convenient by the accessibility of these apps. These apps meet the wide range of needs of investors with their unique features and services.

It becomes clear as we delve deeper into the world of stock market trading apps that Gen Z and millennials have embraced these channels. The significant rise in demat accounts is evidence of these applications’ popularity, which is fueled by their attractive returns and straightforward account opening process.

It might be challenging to select the best trading platform because there are so many options accessible. Our in-depth analysis of some of the top stock trading apps attempts to help you along this road.

To discover more investment options in India, get in touch with us.

Invest for a Secure Financial Feature

Share This Story, Choose Your Platform!

About the Author: Donald Gonsalves

Founder of SimplePath™ and a regular contributor to the website's blog, Donald brings with him more than a decade of experience working as a consultant for financial planning and insurance. Send your questions to donald@simplepath.in

Related Posts

Top Ten Money Wasters & How To Stop Buying Them

Top Ten Money Wasters & How To Stop Buying Them

May 2, 2023
Buying A Home: Top Mortgage Tips

Buying A Home: Top Mortgage Tips

March 1, 2023
How To Manage Your Wealth & Investments

How To Manage Your Wealth & Investments

January 5, 2023