10 Best Trading Apps in India in 2024

Due to the increasing popularity of trading apps, even a novice can begin trading with ease because these apps offer additional beneficial services in addition to facilitating the buying and selling of financial assets. Finding the ideal trading platform for their needs might be intimidating for traders or investors due to the abundance of options. We’ve outlined the best trading apps in India in 2024 below to assist. Check it out!

ICICI Direct Markets App

The strong security features of this app are one of its best-known features. It makes sure that your personal information is always protected by using multi-factor authentication and strict encryption technologies. You can rely on ICICI Direct’s cutting-edge safety mechanisms to be at ease while navigating the unpredictable world of investments, whether you’re monitoring your account details or placing trades, it is an app you can trust.

Pros

1. It offers an extensive array of financial goods and services, enabling customers to diversify their investment portfolio, such as mutual funds, IPO investments, term deposits, equities and derivatives trading, and more.
2. It provides intuitive user interfaces for both inexperienced and seasoned investors.
3. To assist consumers in making wise investment selections, the site offers analysis tools, market insights, and research reports.
4. It enables investors in a range of financial services.
5. Users have the opportunity to take part in IPOs.

Cons

1. In comparison to brokers, it could have comparatively higher brokerage fees.
2. Users might be charged account maintenance fees.
3. It could include unstated fees, such as transaction costs, service taxes, and other levies, that consumers might not be aware of right away.
4. The cost plan may be complex.
5. There might be limitations to the margin trading facility, and the leverage that is provided might not be as high as that of some other brokers.

Playstore Link

Motilal Oswal

Multi-asset trading is available on smartphones and tablets through the Motilal Oswal mobile trading app. Customers can trade a wide range of instruments, including stocks, derivatives, commodities, and currencies. Trading is available on the MCX, NSE, and BSE. They can also invest in IPOs, mutual funds, sovereign gold bonds, and other investment options, like small cases, intelligent advisory portfolios, or ready-made stock portfolios, and even apply for insurance through a new offering through this app.

Pros

1. Excellent site for novice traders.
2. Motilal Oswal is a trustworthy brokerage organisation.
3. Variety of tools and functions.
4. Investors receive access to BSE and NSE.
5. Accessible on both iOS and Android.

Cons

1. High trading fees and Pricing structure is confusing.
2. Provides a small range of payment options.
3. Limited access to foreign markets. Only US stocks are available.
4. Investors are excluded from several well-known markets, such as those for digital assets.
5. No support for live chat.

Playstore Link

5paisa

The best asset management firms in India offer a wide range of mutual funds on this platform. By making it simple for customers to look over various schemes according to their risk tolerance and return goals, it streamlines the mutual fund investment process. Building a diverse portfolio is made easier with 5 Paisa’s features, which include goal-based investing options and Systematic Investment Plan registration.

Pros

1. It’s convenient and simple.
2. Good returns are a known benefit of the app.
3. You won’t need to make calls to purchase and sell stocks in your portfolio, in contrast to other traditional brokers.
4. Mutual Funds, SIPs, Derivates, Currencies. All kinds of investing demands are met with this one app.

Cons

1. Five Paisa lacks the feature of having several watch lists, in contrast to others.
2. Compared to others, the Call and Trade facility is more expensive.
3. The overabundance of adverts and promotions for mutual funds, SIPs, and life insurance can occasionally divert users.
4. A few of the present consumers have also mentioned feeling a little slow and unintentionally stopping their sessions during trading.

Playstore Link

Angel One

Angel One facilitates trading in all areas of the stock market, including intraday trading, investment, and derivatives trading. In order to assist clients in reaching their financial objectives, the app provides a variety of services, including portfolio construction, portfolio rebalancing, and portfolio analysis. After viewing the suggestions of financial professionals and comparing the performance of several mutual funds, customers can select a plan that best aligns with their investing objectives. A company’s financial performance and anticipated launch dates are among the elements of expected IPOs that investors can review.

Pros

1. Its superbly designed user interface makes it easy for users to get about the platform.
2. With a range of services including online trading, mutual funds, portfolio management, IPO investments, and more, it offers users a one-stop shop for all their financial needs.
3. Customers recognize it for consistently providing high-quality brokerage services, and it boasts a robust research and advisory team that makes investment recommendations.

Cons

1. For individuals who want to invest in other markets, it is a less appealing platform because it solely covers Indian stock markets.
2. It levies account maintenance fees, which could not be understandably explained to consumers.

Playstore Link

Kite by Zerodha

The app has a pretty simple design. In contrast to other trading platforms, which have features that consume a lot of resources, Kite is responsive and lightweight. It has both online and mobile versions and is built on HTML5 technology. Additionally, it uses less than 0.5 kbps of internet connection for comprehensive graphing and full market watch. Because of this functionality, it’s ideal for small-town traders with slower internet.

Pros

1. Because it uses very little resources, commerce is at its finest.
2. It can also operate at a slower internet speed because it uses less internet traffic.
3. There are no membership fees, unlike those levied by a select few other brokers. It’s completely free.
4. The app itself integrates numerous banks and allows for the transfer of funds.

Cons

1. In Kite, you cannot back-test your strategies.
2. The back office, known as Zerodha Q, is situated apart from the majority of other brokers.

Playstore Link

TradingView

TradingView is a tool that combines social networking with interactive charts. By analyzing data and sharing and discussing it with peers, this creative fusion gave users the ability to create a comprehensive trading experience. TradingView was rapidly distinguished by its founders’ focus on community involvement and effective analytical resources. To make sure they never miss a crucial market update, traders can set up alerts for changes in price, news, or particular technical parameters.

Pros

1. Using the basic option is free.
2. The technical analysis tool is commendable.
3. Has a thriving community for investors.
4. It includes powerful charting tools.
5. Extensive instructional resources.

Cons

1. There are extremely few free versions.
2. It is not compatible with major brokers.
3. There is little assistance for customers.

Playstore Link

Paytm Money

Through the Paytm Money app, you can trade and invest in a variety of financial instruments, including retirement funds, digital gold, equities, mutual funds, and equity derivatives. It is a component of Paytm, India’s top digital payments startup, and is regulated by the Securities and Exchange Board of India. The app provides an easy, affordable, and transparent means of getting access to the Indian financial markets.

Pros

1. It does not impose any hidden fees or commissions on investments in mutual funds.
2. Has many funding alternatives, such as UPI, online banking, and debit cards.
3. The competent and impartial body that oversees the Indian capital markets, SEBI, is in charge of it.
4. Stocks, mutual funds, digital gold, retirement funds, and equity derivatives are just a few of the financial products and services it provides.

Cons

1. Account opening costs are Rs 200, and there are no ongoing fees.
2. Paytm Money does not provide research and recommendations, RM assistance, wealth management products, or local branch support like full-service brokers do.
3. Investors who desire a stable platform might not find the company appealing because it regularly and briefly adds new items and features.

Playstore Link

Upstox

One business that has made large investments in technology is Upstox. It offers its clients top-notch trading platforms and resources. Upstox provides budget-friendly trading services. With the use of the software, users can trade stocks, futures, currencies, and commodities on the NSE, BSE, and MCX markets via their mobile devices. Customers of Upstox don’t have to be dependent on their locations after downloading this app for free.

Pros

1. Commission-free direct mutual funds with an ultra-low broker (Rs 20 per trade) for delivery, intraday, and F&O.
2. Outstanding platform for trading online.
3. Orders for brackets and covers are accepted.
4. There is a share margin available.

Cons

1. It fails to offer trading for Brokerage-Free Equity Delivery.
2. It’s a virtual broker.
3. Absent advisory and research services.
4. Not providing NRI trading accounts.
5. There is no margin finance available.
6. Additional Rs 20 for Call & Trade orders.
7. An extra Rs 20 is needed for the intraday order auto square.
8. There are no monthly unlimited trading subscriptions available.

Playstore Link

Kotak Securities

In order to allow users to practice their tactics without risking real money, this well-known trading app provides an interactive experience with virtual money. For those who wish to improve their trading knowledge, it also offers instructional materials including seminars and tutorials. All this is because of its intuitive interface and emphasis on teaching and learning.

Pros

1. For traders, it is affordable because it provides free intraday trading.
2. Both novice and seasoned traders can use the app because of its intuitive UI design.
3. It offers an assortment of order kinds so that traders can carry out trades according to their plans.
4. There are cost-free UPI deposits available on the app, among other easy fund transfer possibilities.

Cons

1. The average user review score and download count of the app indicate that it is relatively fresh. This could make people wonder how stable and effective it is.
2. Users who switch to this software may run into certain problems.

Playstore Link

IIFL

Users of this recognized mobile trading app can trade on thousands of shares, commodities, options, and mutual funds from leading Indian exchanges. The IIFL Securities app is well-known for having an amazing selection of features and trading tools that make it highly useful for trading and investing. Access to Initial Public Offerings on both stock exchanges is also provided by the site. Investors who opt to trade with the IIFL app receive access to over 10,000 listed equities. The app is getting more popular and is on this hot list for 2024.

Pros

1. Opportunity to invest in IPO, OFS easily.
2. Enjoy comprehensive control of your order book, net position, profit & loss, and trade book with easy management of your trading account.
3. Customized watchlists across exchanges with various columns, customization options, and resistance levels.
4. With the IIFL Markets app, you can receive price alerts for the stocks you’ve chosen.

Cons

1. It has been noted that the application automatically locks users out after 15 to 20 minutes, requiring them to log in again.
2. No availability of the possibility to buy NCD/Bonds through the app.
3. A few instances of inaccurate pricing information have been reported.

Playstore Link

Comparison Table of Top Trading Apps in India