What are mobile trading apps?
Mobile trading refers to trading in the stock market, that means we can use them to trade in shares mutual funds or in initial public offers (IPOs). using a smartphone. It is more advanced than traditional trading which was done through a computer, in addition to it being quicker and easier. A user can buy and sell stocks, as well as manage his portfolio where ever he go with the help of these mobile trading apps.
Stock Brokers have now introduced Mobile Trading Applications, which can be downloaded on your mobile phone and they can get regular updates, latest prices and also send trading instructions via their Mobile App.
Today, there are multiple trading platforms, including brokers and online trading apps. So it can be really challenging to determine the most reliable and trustworthy one. Here are some of the best trading apps in India from my research.
Zerodha,the first discount broker in India provides platform to invest in stocks, derivatives, mutual funds, IPOs, bond and Government securities. Zerodha Varsity, the largest online stock market education book in the world covering everything from the basics to advanced trading is aviailable for free.
Kite is a minimalistic, intuitive, responsive, light, yet powerful trading platform offered by Zerodha .Search across 90,000+ stocks and F&O contracts across multiple exchanges instantly. Find your favorite stocks, bonds, metals, or derivatives, anything really, with absolutely zero latency.It has a very smooth interface The Kite App is extremely fast in terms of performance & also works with a slow internet connection. The app has advanced charting facility with Hundreds of indicators, studies, and tools on a powerful and customisable charting interface. Extensive historical data for stocks and F&O contracts.over.Zerodha has 10 million active clients and processes over 7 million trades a day .
Zerodha provides up to 20x leverage on intraday trading. TradingView charts are available with4 charts on the same screen.T We can make trade from charts itself. A warning sign called the Nudge system proactively warns you of any risks associated with the trades you are about to take such as dubious stocks, illiquid instruments, significant corporate actions etc.
Brokerage
Brokerage : intraday and F&O – ₹20, equity delivery – free
Charge for account opening – ₹200
Charge for account maintenance- ₹300
Download Zerodha App: Andriod and iPhone
Upstox is one of the discount broker like Zerodha ,offering trading services across Equities, Commodities, Currency, Futures & Options, Mutual Funds, and IPOs.
It is an advanced trading platform to analyse the market .Identify trends on powerful chart so that we can make correct decision.Get price alerts and instant notifications.It is available on both web and mobile.
Brokerage
Equity Intraday, F&O, Currency & Commodity – ₹20
Equity delivery -₹20 or 2.5% (whichever is lower) per order on Stocks
Charge for account opening – ₹249
Charge for account maintenance- ₹150+18%GST
Download Upstox App: Andriod and iPhone
3 GROWW APP
Groww is also a discount broker like Zerodha. Groww, currently offers investment in stocks, Mutual Funds, Gold and Fixed Deposit. It has an active client of more than 50 lakhs. Commodity and currency trading options are not available on Groww. We can invest in our favourite US stocks without any hassles. Even invest in less than 1 share if you want – fractional shares investment .It does not provides research report on stocks. Groww Academy provides you with free resources to help investors/beginners learn the basics of stock market trading and investment.
Brokerage
Equity intraday: ₹20 or .05% whichever is lower
Equity Delivery: 0.1%, F&O: ₹20
Charges for account opening and maintenance : Free
Download Groww App: Andriod and iPhone
ICICI Direct is one of the largest retail stock brokers in India. It is under the ICICI Group. ICICI direct Markets App is a Share Market Mobile Trading App which allows traders to invest in Stocks, Futures & Options (F&O), Commodities and Currency. Not just this – users can also invest in Initial Public Offerings (IPOs) using this application. It has never seen before features with Interactive User Interface and Experience (UI-UX). Markets App is an advanced yet user friendly trading app with 2 million plus app downloads.
The App comes with Live Streaming Charts, OI Graphs on Option Chain, Swipe to Buy-Sell feature (for faster transaction), Consolidated P&L across asset classes, Biometric based login, Personalized Watchlist, Pre-defined lists, Easy Options, Trade Execution Algos, Research Recommendations on App.
Brokerage(as per Neo Plan)
Equity Delivery: 0.55%, Futures :₹0
Equity intraday ,Options, Commodities and currency derivatives :₹20
Account opening: Free, Account maintenance:₹300
Download ICICI direct markets App:Andriod and iPhone
5Paisa is also one of the fastest growing discount broker like Zerodha.It is promoted by by India Infoline Limited (IIFL), country’s leading diversified financial services company.With 5paisa, users get a chance to invest in stocks, derivatives, commodities, currencies, mutual funds, IPO, and even the US stock market.It has 10 million plus app users.
It charges a flat fee of Rs. 20/order across segments to get more value for your money. What’s more, you can also avail customized add-on packs. This app offers trading across all segments like equity delivery,equity derivatives and currency derivatives. Market news, market guide, market related blogs and in depth research of over 4000 stocks can be accessed.
Brokerage(as per basic pack)
Equity intraday:₹20 or .05% whichever is lower
Equity Delivery,Options, Commodities and currency derivatives :₹20
Account opening charge: Free, Account maintenance:₹300
Download 5Paisa App:Andriod and iPhone
Angel One Broking is considered one of the leading full-service stock broker and offers a range of trade & investment products to its clients.It has 10 million plus customers.Angel One Super App is a one-stop solution for all your investment and trading needs. With this app, you will get live market data, advanced charts, seamless UI, and much more. You can invest, trade and grow your wealth via Stocks, US stocks, IPO, Mutual Funds, Commodities, Futures and Options. The app has jargon-free reporting and learning tools for novice investors & advanced trading tools like MTF orders, options watchlist & greeks for pro traders.
Angel One provides you option to diversify your portfolio by investing in Stocks, Mutual Funds, ETFs, US Stocks, Currencies, Commodities, Futures & Options, Bonds etc.
Brokerage
Equity Delivery : ₹20
Equity Intraday, Options, Commodities and currency derivatives :₹20
Account opening charge: Free, Account maintenance:₹240
Download Angel One App: Andriod and iPhone
MStock is owned by Mirae Asset Financial Group, a comprehensive financial services company. It offers zero brokerage across Delivery, Intraday, F&Os, Mutual Funds, IPO and currency with a one time payment of ₹999.This plan is really beneficial for those who trade regularly and in bulk quantities because most of the trading platforms charge a flat rate of ₹20 for all derivative trades.
More over it offers a margin trading facility(emargin) at a very low interest rate of 8%and upto80% funding .You are really confused with emargin trading facility right?Actually it is an exchange approved product, which eliminates the problem of insufficient funding while you place a delivery trade. That is, with eMargin, you can place a trade in the delivery segment with margin requirement as low as 20% and the remaining being funded by your broker.
Brokerage(on one time payment of ₹999)
Equity intraday: ₹0
Equity Delivery: ₹0 ,Options, Commodities and currency derivatives :₹0
Account opening charge: Free, Account maintenance: Free
Download Mstock App : Andriod and iPhone
8.IIFLMARKETS APP
IIFL SECURITIES is one of the largest full-service stockbrokers in India. App is easy, fast and has simple Live research backed with stock ideas & Upto 4X Margin Trading Facility Powerful Research Tools GemRush , Nova and ETFy.It provides advanced technical charts. entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds.
We can have a quick view on 500stocks by IIFL research team, advanced widget to track stocks on homescreen. Customers can access in-depth coverage and analysis of companies,financial markets and economy.Free guest user login facility available.
Brokerage
Equity intraday,Futures: 0.025%
Equity Delivery: 0.25%, Options :₹25 per lot
Account opening charge: Free, Account maintenance: Free
Download IIFL Trading App : Andriod and iPhone
HDFC Securities is the subsidiary of HDFC Bank offering trading & investment services to retail and institution customers in India. HDFC Securities is one of the best full service brokers in India with 10 lakhs plus customers.HDFC securitiesapp offering you the latest market updates, investment ideas, real-time charts, and more. This app is full of powerful features, a beautiful design, and an enhanced visual interface that will transform how you view the markets.
Receive market live updates to stay informed about the trends in the market.Keep track of various watchlists conveniently Keep track of your trades and investments with single-point access to your Demat account, trading account, and bank account Diversify your portfolio by investing in a number of options; equities, Mutual Funds, and SIP, IPOs, Bonds, NSE Nifty ETFs, and more.
Brokerage
Equity intraday : 0.10% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
Equity Delivery :0.50% or min Rs.25/- or ceiling of 2.5% on transaction value (Both Buy & Sell)
Futures 0.05% or min Rs.25/- or ceiling of 2.5% of transaction value (Both Buy & Sell)
Options :Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell)
Commodities : 0.025% or min Rs.20/- per order, Currency : 23/- per contract on carry forward trades.
Account opening charge: Free, Account maintenance: ₹750
Download HDFC Securities App : Andriod and iPhone
Motilal Oswal , the leading broking house with best online trading platform across all financial product and services. Motilal Oswal is a full-service broker in India. The app offers a wide range of investment and trading services at different segments .the app has around 8lakhs download .
This app provides information on stocks based on fundamental analysis .With this share market app we can get real time trading reports with in-depth and up-to-date summary . More over that a smart AI tool recommendations to improve the portfolio . We can get access to in-depth stock or scheme analysis and recommendations.
Brokerage
Equity Delivery : 0.20%
Equity Intraday and Futures : 0.02%
Options :₹20
Commodities :₹200 per lot , Currency :₹20 per lot
Account opening charge: Free, Account maintenance: Free
Download Motilal Oswal App : Andriod and iPhone
Conclusion
With user-friendly interfaces, low fees, and advanced tools, these trading apps empower users to navigate the financial markets efficiently. The traders should be aware of latest updates, regulations, and features of these trading apps for optimizing their trading experience in the dynamic market. The investors must carefully assess their individual needs, risk tolerance, and investment goals before selecting any of the above trading apps. Happy trading.
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