Top 10 Trading Apps in India: Exploring the Leading Platforms for Investors
Since the start of the pandemic in 2020, the sector for online stock trading apps has grown a lot. Faster internet and a growing interest in financial literacy have led to changes. Every day, Indians see a smooth shift to efficient trading options, all available with a click. Many trading apps offer a free demat account with no annual charges, enabling investors to save more.
Let’s know the insights into the top 10 trading apps in India for beginners in 2024, helping you find a safe and user-friendly platform to hold your securities.
Top 10 Best Demat Accounts in India for Beginners in 2024
- Shoonya
- Groww App
- ICICI Direct App
- 5paisa App
- Zerodha Kite
- Upstox App
- Edelweiss App
- FYERS
- Angel One
- Paytm Money App
Top 10 Best Share Market Apps
Following are the top 10 share market apps offering real-time data, trading tools, and portfolio management
1. Shoonya App
Features:
Intuitive user-friendly design
Commission free trading on all segments
Quick online account opening process
Lifetime free demat account
Sends SMS alerts at no additional charge
Access to advanced reporting tools
Speciality:
Save up to 90% of brokerage costs with this zero brokerage trading app
First AI-powered analytic tool to accurately predict market movements
Upto 10X leverage for equity trading
Fees
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | FREE |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | FREE |
Brokerage on Transactions |
|
Equity Delivery | Zero |
Equity Intraday | Zero |
Equity Future | Zero |
Equity Options | Zero |
Currency Future | Zero |
Currency Options | Zero |
MCX Commodity | Zero |
2. Groww App
Features:
Simplified design, ensuring security and user-friendliness.
You can buy and sell the functionality of the order.
Quick and paperless account opening with expedited KYC process.
Provides comprehensive details about the already listed stocks.
Sends alerts for price changes.
Customer support for swift issue resolution.
Specialty:
One of India's fastest-growing investment platforms.
Free smartphone for trading app provided.
User-friendly design for easy operation.
Seamless integration for the Mutual Fund investments, eliminating the need for separate logins.
Fees
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | FREE |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | FREE |
Brokerage on Transactions |
|
Equity Delivery | ₹ 20 or 0.05% of trade value whichever is lower. |
Equity Intraday | ₹ 20 or 0.05% of trade value whichever is lower. |
3. ICICI Direct App
Features:
Reliable trading platform.
Simple and secure user interface.
Provides a 3-in-1 account facility, integrating ICICI Bank Account, ICICI Trading Account, and ICICI Demat Account.
Services accessible through all local branches.
Swift feedback and customer support.
Wide range of products available.
Specialty:
Offers the convenience of a 3-in-1 account facility.
Multiple brokerage plans available, including I-Secure Plan, ICICIdirect Prime Plan, Lifetime Prepaid Brokerage Plan, and Neo Plan.
Equity Futures trading without brokerage fees.
Manage your demat and bank accounts seamlessly through ICICIdirect.com under the ICICIDirect plan.
Fees
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | ₹ 300 |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charge | ₹ 300 |
Brokerage on transactions (Neo Plan) |
|
Equity Delivery | 0.55% |
Equity Intraday | ₹ 20 per trade |
Equity Futures | NIL |
Equity Options | ₹ 20 per trade |
4. 5paisa App
Features:
Provides a 2-in-1 account combining demat and trading accounts.
Ensures simplicity, safety, and confidentiality of user data.
Offers trading at the lowest charges starting from ₹10 (conditions apply).
Equips users with research and analytical tools for executing Derivative strategies and Portfolio Investment.
Offers various trade product options including gold, peer-to-peer lending, insurance, mutual funds, and US investment.
Specialty:
Known for the lowest charges in the trading industry.
Value-add packs provide the first 100 trades free every month.
Offers three subscription plans: Basic, Power Investor, and UltraTrader Plan.
Enables online trading in equity, commodity, and currency at BSE, NSE, and MCX.
Fees
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | FREE |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | ₹ 300 |
Brokerage on Transactions |
|
Equity Delivery | ₹ 20 per trade |
Equity Intraday | ₹ 20 per trade |
Equity F&O | ₹ 20 per trade |
Commodity F&O | ₹ 20 per trade |
5. Zerodha Kite
Features:
Accessible in 10 local languages: Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujarati, Punjabi, and Oriya.
User-friendly and requires minimal internet bandwidth.
Single-click "search" function for gathering stock information.
Compatible with smartphones and Android devices.
Provides access to fundamental and technical analysis data points before trading.
Offers various trade product options including CNC (Cash & Carry), MIS (Margin intraday square off), and NRML (Normal F&O).
Supports multiple order types like Limit (LMT), Market (MKT), and Stoploss or trigger (SL and SL-M) orders.
Allows online fund transfer and withdrawal for Equity & Commodity accounts.
Speciality:
Availability in India's local languages.
Low internet bandwidth requirement, making it accessible to rural users.
Advanced charting features including Helkin-Ashi, Kagi, Linebreak, Point and Figure Charts, Range Bars, HeikinAshi Charts, and Renko Charts.
In-built analytical tools for fundamental analysis.
"Stock Widget" feature for quick access to Market-watch and holdings data.
Fees
Transactions | Amount (₹) |
Online equity trading account opening charges | ₹ 200 |
Online demat account opening charges | ₹ 200 |
Online Commodity opening charges | ₹ 100 |
Offline Equity trading, demat and commodity account opening charges | ₹ 400 |
Account Maintaining Charges (Annually) | Starting ₹ 300 |
Charges related to Equity delivery investments | FREE |
Charges related to Mutual fund investments | FREE |
Intraday and F&O trades charges | ₹ 20 or 0.03%, whichever is lower per trade on all options |
6. Upstox App
Features:
One-click buy and sell orders.
Simple and intuitive interface.
Search tools for finding suitable securities.
Price alert notifications.
Advanced chart tools with over 100 technical indicators.
Customisable watch lists.
Real-time market feeds.
Specialty:
No charges for online account opening.
No software usage charges.
Up to 20x leverage available in intraday trading.
Upstox MF Platform for Investing in Mutual Funds.
Upstox Pro Web Trading Platform for monitoring the current market.
Upstox Bridge for AmiBroker facility provided for drawing and executing investments.
Fees:
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | ₹ 177 |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | ₹ 150 |
Brokerage on Transactions |
|
Equity Delivery | ₹ 20 per trade or 2.5% whichever is lower |
Equity Intraday | ₹ 20 per trade or 0.05% whichever is lower |
Equity Futures | ₹ 20 per trade or 0.05% whichever is lower |
Equity Options | ₹ 20 per trade |
7. Edelweiss App
Features:
One-step login process for quick access.
Trading available across multiple exchanges (BSE, NSE, MCX, and NCDEX).
Personalized watch lists accommodating up to 100 stocks per list.
Live streaming of feeds from NSE, BSE, and MCX.
Analytical tools and charts providing detailed stock information.
Secure fund transfers from multiple banks, including UPI facility.
Specialty:
Versatile trading app with seamless compatibility.
Tools for stock analysis and guidance on investment execution.
Live streaming of data from various exchanges.
Secure fund transfer facility accessible with a single click.
Fees:
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | FREE |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | ₹ 500 (1st year) |
Brokerage on Transactions |
|
Equity Delivery | ₹ 10 per Trade |
Equity Intraday | ₹ 10 per Trade |
Equity Futures | 0.03% |
Equity Options | ₹ 75 per lot |
Currency Futures | 0.02% |
Currency Options | ₹ 20 per lot |
8. FYERS
Features:
Provides a simple, easy, and secure trading platform.
Enables trading in Equity Cash, F&O, and Currency Derivatives segments at NSE.
Offers Thematic Investing with hundreds of predefined themes for user selection.
Ensures transparency in fees and charges.
Single margin account for convenience.
Allows buying and selling of themes in a single transaction.
Specialty:
Free equity delivery trading.
Thematic Investing with distinctive features.
Predetermined portfolios based on selected themes.
Themes available for free to users.
Fees
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | FREE |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | ₹ 300 |
Brokerage on Transactions |
|
Equity Delivery | FREE |
Equity Intraday | ₹ 20 per trade or 0.03% whichever is lower |
Equity/Commodity/Currency Futures | ₹ 20 per trade or 0.03% whichever is lower |
Equity/Commodity/Currency Options | ₹ 20 per trade |
9. Angel One
Features:
Offers a simple, easy, and secure trading platform.
Access to charts and analytical tools for informed investment decisions.
Expert opinion and portfolio creation suggestions from Angel One.
Options for both calls and puts, together or separately, as per user preference.
Customizable option data selection.
Provides comprehensive market data for trading, research, and analysis.
Price alert notifications.
Specialty:
One-click access to expert investment guidance.
Robust and systematic customer support.
Customisable notification management system.
Option Watchlist creation and navigation based on index, option type, and expiry date.
Free advisory and tips for stocks and mutual funds.
No charges for NEFT/fund transfers.
Fees:
Transactions | Amount (₹) |
Trading Account Opening Charges | FREE |
Trading Annual Maintenance Charges | FREE (for 1st Year) ₹ 20 per month + taxes (2nd year onwards) |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | ₹ 240 |
Brokerage on Transactions |
|
Equity Delivery | FREE |
Equity Intraday | ₹ 20 per trade or 0.25% whichever is lower |
Equity F&O | ₹ 20 per trade or 0.25% whichever is lower |
Currency F&O | ₹ 20 per trade or 0.25% whichever is lower |
Commodity F&O | ₹ 20 per trade or 0.25% whichever is lower |
10. Paytm Money App
Features:
Safe and secure with the latest encryption standard.
User-friendly with a simple and intuitive interface.
Fully Digital KYC and 100% paperless account opening process.
Price alert notifications for timely updates.
All-in-one app for trading, research, analysis, and investment.
Personalised watch lists accommodating up to 50 stocks.
Access to charts, indicators, and drawing tools.
In-app Brokerage Calculator for easy calculations.
Comprehensive information on historical price data and other details of listed securities.
Specialty:
Fastest-growing online trading platform with approximately 6 million users.
Two-factor authentication for enhanced security.
Compatible with all Android and iOS smartphones.
Smart notifications for price alerts.
Real-time market data and market depth available for informed decision-making.
Fees
Transactions | Amount (₹) |
Trading Account Opening Charges | ₹ 200 |
Trading Annual Maintenance Charges | ₹ 300 |
Demat Account Opening Charges | FREE |
Demat Account Annual Maintenance Charges | FREE |
Brokerage on Transactions |
|
Equity Delivery | ₹ 15 per Trade or 2.5% whichever is low |
Equity Intraday | ₹ 15 per Trade or 0.05% whichever is low |
Equity Futures | ₹ 15 per Trade or 0.02% whichever is low |
Equity Options | ₹ 15 per Trade |
FAQs:
Q: Are there any hidden fees associated with the best trading apps in 2024?
Generally, the apps are transparent about their fee structures. However, it's essential to carefully review the terms and conditions to understand potential charges, such as account maintenance fees, withdrawal fees, or inactivity fees. Some apps may offer zero brokerage for certain types of trades but charge fees for other services.
Q: How can I determine which trading app is best suited to my investment goals in 2024?
To find the best trading app for your needs in 2024, consider factors such as your investment experience, preferred asset classes, trading frequency, desired features (like research tools or advanced order types), and budget.
Q: Can I access customer support services through the best trading apps in 2024?
Yes, most top trading apps in 2024 offer customer support services through various channels such as live chat, email, phone support, or FAQs. Look for apps that provide responsive and helpful customer support to address your concerns.
Conclusion
When beginners start trading in India, they need a platform that's easy to use, has learning resources, and doesn't cost much. With the trading app with zero brokerage incorporating a simple interface, helpful tools, and zero fees, beginners can start trading confidently and build a strong financial future.
