Top Trading Apps in India 2023: Navigating the Best Options for November

In the wake of the 2020 pandemic, the online stock trading industry in India has experienced an unprecedented surge. Thanks to lightning-fast internet speeds and a growing interest in financial literacy, trading through mobile applications has become incredibly accessible. Today, Indians are seamlessly transitioning into a world of ultra-smooth and flexible trading, all at the tap of a screen.

As these trading apps continue to penetrate the market, even those new to the game can jump in with ease. They not only facilitate the buying and selling of financial instruments but also offer a range of valuable services. All you need is a reliable internet connection to embark on your trading journey.

Recent research highlights a significant trend among Indian millennials, particularly those aged between 20 to 35. A report from a leading private brokerage firm revealed a substantial increase in the number of demat account holders in India, soaring to 11 crore accounts in January 2023 from 8.4 crores in 2022. Such remarkable growth owes much to the widespread adoption of mobile trading apps.

With such a plethora of options available, it can be overwhelming for investors and traders to pinpoint the ideal trading platform for their specific needs. To lend a helping hand, we’ve compiled our top picks for Top Trading Apps in India 2023 below. For a deeper dive into our chosen trading app platforms and the methodology behind our rankings, read on. Discover the best options for navigating the Indian trading landscape in 2023.

Top Trading Apps in India November 2023 are,

1. Zerodha Kite

2. Upstox PRO

3. 5 Paisa

4. ICICI Direct

5. Kotak Securities

6. Angel Speed Pro

7. IIFL Markets

8. MO Investor

9. Edelweiss Mobile

10. Paytm Money

11. Sharekhan

---

1. Zerodha Kite- Best for Overall Trading Experience

Rating: 4.5

⭐⭐⭐⭐✩

In the ever-evolving landscape of online trading, finding a platform that combines advanced technology with user-friendliness can be a game-changer. Zerodha Kite, with its impressive track record and robust feature set, emerges as a powerhouse for both novice and seasoned traders. This article dives into the depths of what makes Zerodha Kite stand out and why it’s a top choice for traders of all levels.

 

Why Zerodha Kite?

With a staggering one crore active clients, contributing to nearly 15% of all Indian retail trading volumes, Zerodha has firmly established itself as a frontrunner in the trading sphere. The Zerodha Kite app is a testament to their commitment to providing cutting-edge technology to traders and investors.

Key Features:

• High-speed Market Data: Enjoy lightning-fast streaming of market data, coupled with advanced charts sporting a sophisticated user interface.
• Innovative Order Placements: Introducing the “sticky order window” feature, facilitating the placement of multiple orders with ease and efficiency.
• Leverage Indicator: Empowers users to assess the amount of leverage available for a particular trade against equity stocks.
• Zero Brokerage for Equity Delivery: Trade in equities without incurring any brokerage fees, a boon for long-term investors.
• Direct Mutual Fund Investment: Seamlessly invest in mutual funds with zero commission charges.
• Up to 20x Leverage on Intraday Trading: Unlock the potential of intraday trading with significant leverage.
• 3-in-1 Account Integration: Combine your demat, trading, and bank accounts with IDFC First Bank for a seamless financial experience.
• IPO Application Integration: Apply for Initial Public Offerings directly through the app, streamlining the investment process.

Pricing Structure:

Equity Delivery: Nil Brokerage Charges

Equity Intraday: INR 20 Brokerage Charges

Pros:

• Multi-Platform Accessibility: Available on both iOS and Android, ensuring accessibility for a wide range of users.
• Zero Brokerage for Key Trades: Enjoy zero brokerage fees for equities delivery trades and mutual funds, ideal for long-term investors.
• User-Friendly Interface: Designed with beginners in mind, Zerodha Kite boasts an intuitive user interface for seamless navigation.
• Versatility for Traders: Whether you’re a passive, active, or algorithmic trader, Zerodha Kite provides a platform tailored to your trading style.

Cons:

• Account Opening and Maintenance Charges: A nominal charge of INR 200 for account opening and INR 300 per year for account maintenance.
• Optional Trade SMS Alerts Fee: A fee applies for optional trade SMS alerts.
• Limited Free Research Reports: Zerodha Kite does not offer free access to stock tips and research reports.
• Detached Order Details App: Retrieving order details requires using a separate app, which may be seen as a detached entity from the main platform.

Zerodha Kite stands as a powerhouse in the online trading realm, offering a robust platform with an array of features tailored to meet the needs of traders and investors alike. With its user-friendly interface and impressive track record, it’s no wonder that Zerodha Kite has garnered a loyal user base. Whether you’re a novice or a seasoned pro, this platform provides the tools and technology to elevate your trading experience.

Explore Zerodha Kite – Top Trading Apps in India 2023

---

2. Upstox PRO Trading App – Best for Intraday and F&O Traders

Rating: 4.0

⭐⭐⭐⭐

In the fast-paced world of trading, having a reliable platform can make all the difference. Enter Upstox PRO Trading App, a popular choice among intraday and F&O traders. With a robust feature set and the backing of marquee investors like Ratan Tata and Tiger Global Management, it’s gained significant traction. This article delves into why Upstox PRO is a go-to for advanced and seasoned investors.

Why Upstox PRO?

Backed by marquee investors including Indian billionaire Ratan Tata and Tiger Global Management, Upstox PRO is a Tiger Global-backed discount broker app. It offers a wide array of trading and investment opportunities, covering stocks, currencies, commodities, and mutual funds. Its advanced tools, like TradingView and Charts IQ libraries, are tailored for advanced and seasoned investors.

Key Features:

• Diverse Trading Options: Upstox PRO deals in equities, derivatives, currency futures and options, and commodity futures and options.
• Investment Opportunities: Investors can explore gold, IPOs, and mutual funds within the app.
• No Commission on MFs: Enjoy the benefits of mutual fund investments without incurring any commission charges.
• Advanced Trading Tools: Access features like market watch, live stock quotes, and advanced charts for informed decision-making.
• Trade Directly from Charts (TFC): A unique feature allowing users to execute trades directly from the charts.
• Leverage on Intraday Trading: Avail up to 5X leverage for intraday trading.
• Robust Charting Tools: Access advanced charting with over 100 technical indicators for in-depth analysis.

Pricing Structure:

• Equity Delivery: 2.5% or INR 20, whichever is less
• Equity Intraday: 0.05% or INR 20, whichever is less

Pros:

• Competitive Brokerage Charges: Upstox PRO offers reasonable brokerage charges, making it an attractive option for traders.
• Multi-Platform Accessibility: Available on both iOS and Android, ensuring accessibility for a wide range of users.
• Intuitive User Experience: Browsing between screens and executing trades is seamless and user-friendly.
• No Account Maintenance Fees: Users are exempt from fees for both account opening and maintenance.
• Customizable Alerts: Set an unlimited number of price alerts for specific stocks, providing a personalized trading experience.
• Flexible Watchlist Customization: There’s no cap on customizing your watchlist, allowing for tailored market monitoring.

Cons:

• Feedback on Updated Version: Some users have reported concerns with the updated version of the Upstox App.
• Call and Trade Charges: INR 20 charges apply for call and trade orders.
• Chart Interface: The chart interface has received feedback for being subpar.
• Limited Research and Recommendations: Upstox PRO does not offer research and recommendation services.

The Upstox PRO Trading App stands as a versatile and powerful tool for intraday and F&O traders. With its diverse trading options, advanced tools, and competitive pricing, it caters to the needs of both advanced and seasoned investors. While it may have some areas for improvement, its strengths make it a valuable asset in the world of trading.

Explore Upstox PRO Trading App – Top Trading Apps in India 2023

---

3.5 paisa- Best for Retail Trading

Rating: 4.0

⭐⭐⭐⭐

In the realm of retail trading, having the right platform can be the key to success. Enter 5 Paisa, a rapidly growing trading app in India, available on both Android and Apple devices. With a versatile range of offerings spanning stocks, mutual funds, commodities, and currency, it’s become a preferred choice for both traders and investors. This article delves into what sets 5 Paisa apart and why it’s gaining traction in the trading community.

 

Why 5 Paisa?

5 Paisa stands out as a prominent player in the Indian trading app landscape. Its availability on both Android and Apple platforms ensures accessibility for a wide user base. What sets it apart is the comprehensive range of products it offers, including stocks, mutual funds, commodities, and currency. Additionally, 5 Paisa provides a wealth of information through free access to news, research, advisory services, and blogs, a feature not commonly found in other trading apps.

Key Features:

• Clean User Interface: 5 Paisa boasts a user-friendly interface, ensuring a seamless experience for traders and investors.
• Efficient Watchlists and Order Books: Easy access to watchlists and order books streamlines the trading process.
• Goal-Based Research Advisory: Tailored research advisory based on specific investment goals provides valuable insights.
• Real-Time Market Data: Stay updated with real-time access to market data, live stock quotes, and price updates.
• Advanced Tool Options: Benefit from advanced tools for charts and multi-asset watchlists, aiding in informed decision-making.
• Basket Orders: Introducing the convenience of basket orders, enabling users to place multiple orders with a single click.
• Global Investment Opportunity: Allows investment in U.S. stocks, expanding the scope for diversified portfolios.
• Customizable Watchlists and Price Alerts: Create multiple watchlists and set unlimited price alerts for a personalized trading experience.

Pricing Structure:

Equity Delivery: INR 20 per order

Equity Intraday: INR 20 per order

Pros:

• Additional Benefits: Enjoy extra perks such as no charge for call and trades, cashback options, and more.
• No Demat Account Opening Charges: 5 Paisa does not charge for opening a demat account.
• Zero Commission on Mutual Fund Investments: Benefit from investing in mutual funds without incurring any commission charges.
• One-Click Order Placement: Streamline your trading process with one-click order placement.
• Highly Customizable App: Tailor the app to your preferences for an optimized trading experience.
• Multilingual Support: The app offers multilingual support, catering to a diverse user base.
• Research and Recommendations: Access to research and recommendations adds an extra layer of value for traders and investors.

Cons:

Intermittent App Hanging: Some users have reported intermittent hanging of the app, which may affect the user experience.

Advertisement Distractions: Advertisements and promotional offers within the app may be seen as distractions by some users.

5 Paisa emerges as a strong contender in the world of retail trading apps, offering a user-friendly interface and a comprehensive range of products. While it may have some areas for improvement, its strengths far outweigh any drawbacks, making it a go-to choice for traders and investors alike.

Explore 5 Paisa – Top Trading Apps in India 2023

---

4. ICICI Direct- Best for Seasoned Traders

Rating: 4.0

⭐⭐⭐⭐

In the world of online trading, experience and expertise are paramount. Enter ICICI Direct, a stalwart in India’s brokerage services, backed by the esteemed ICICI Group. With a legacy of excellence, it offers a comprehensive suite of services catering to a wide spectrum of investors and traders. This article unravels the intricacies of the ICICI Direct Trading App and why it’s the preferred choice for seasoned traders.

 

Why ICICI Direct?

As one of India’s oldest full-service brokerage providers, ICICI Direct brings a wealth of experience and a sterling reputation to the table. It caters not only to seasoned traders but also to beginners and advanced investors. Offering a full range of advisory services, research, and free equity futures trading, it stands out in the realm of full-service brokerage apps.

Key Features:

• Analytical Tools: Access live charting, option chain graphs, and real-time profit and loss statements for informed decision-making.
• Comprehensive Research: Benefit from detailed research across equity and derivatives, providing valuable insights.
• Smart Stock Alerts: Stay informed and protected with alerts that highlight high-risk and penny stocks.
• Intuitive Order Placement: Execute orders swiftly with a simplified user interface, featuring swipe-to-buy and sell functionality.
• Customized Watchlists: Create multiple watchlists encompassing stocks, indexes, and F&O contracts.
• Diverse Range of Products: ICICI Direct offers equities, commodities, currencies, margin trading facilities, mutual funds, IPOs, FDs, bonds, insurance, and ETFs.
• Heat Map Feature: Visualize stock performance with the heat map feature, where green indicates high and red signifies low value.
• Flexible Plans: Choose from various plans with different features and charges, including Prime, Neo, and Lifetime Prepaid Brokerage plans.

Indicative Pricing Structure:

Plan	Prime Plan	Neo Plan	Lifetime Brokerage Plan
Price Range	INR 299 to INR 4999	Plan starts from INR 299+ GST with lifetime validity	Ranges from INR 2500 to INR 1,00,000
Equity Delivery	0.27% to 0.1%	0.55%	0.25% to 0.7%
Margin Trading	INR 20	INR 20	INR 20
Futures Trades	NIL	NIL	NIL
Options (per lot)	INR 20	INR 20	INR 20
Interest on MTF	Ranges from 14.90% to 8.4%	0.025% per day	Ranges from 14.90% to 8.4%

Please note that this table outlines the pricing details for different plans offered by the service provider. Keep in mind that these are indicative prices and may be subject to change. Always refer to the official sources for the most up-to-date information.

Pros:

• Biometric-Based Log-In: Ensure security and ease of access with biometric-based log-in.
• High Refresh Rate and Low Downtime: Experience seamless trading with a high refresh rate and minimal downtime.
• Responsive Customer Service: Count on a responsive customer service team for timely assistance.
• Enhanced App Responsiveness: The updated version of the app is more responsive and user-friendly.

Cons:

• Login Process Concerns: Some users have reported occasional slowdowns in the login process.
• Limited Exchange Memberships: ICICI Direct’s exchange membership is limited to BSE and NSE.
• Not a Technology-Driven App: While robust, it may not be as technology-driven as some of its peers.
• Average Ratings on iOS and Android: The app receives average ratings on both iOS and Android platforms.
• Challenging for Beginners: Novice traders may find it relatively complex compared to more beginner-friendly platforms.

ICICI Direct Trading App stands as a formidable contender for seasoned traders seeking a comprehensive suite of services. With its analytical tools, extensive research, and diverse product offerings, it caters to a wide spectrum of trading needs. While it may have some areas for improvement, its reputation and feature set make it a strong choice for experienced investors and traders.

Explore ICICI Direct – Top Trading Apps in India 2023

---

5. Kotak Securities – Best for Beginners

Rating: 4.0

⭐⭐⭐⭐

Embarking on your stock trading journey can be both exhilarating and overwhelming, especially for beginners. Enter Kotak Securities, a platform designed with novice investors in mind. Offering a seamless account opening process, discounted rates for young investors, and a user-friendly interface, it’s an excellent choice for those new to the world of trading. This article sheds light on the features that make Kotak Securities the ideal companion for beginners.

 

Why Kotak Securities?

Kotak Securities understands the importance of a smooth start for beginners. With zero account opening charges and special rates for investors under 30, it’s designed to be accessible and accommodating. The platform covers a wide spectrum of investment options, including stocks, IPOs, derivatives, mutual funds, currency, commodities, and even global investing. Its well-designed app, available on iOS, Android, and Windows, ensures an intuitive experience.

Key Features:

• Diverse Trading Options: Engage in online trading in equity cash, equity derivatives, and currency derivatives.
• Research and Education: Access research reports and online courses to enhance your understanding of the market.
• Zero Brokerage on Intraday Trades: Enjoy nil brokerage fees on intraday trades.
• Margin Trading Facility: Leverage the margin trading option to potentially amplify your gains.
• Basic Trading Tools: Benefit from essential trading tools like a news section, stock charts, gainers and losers, volume-based stock lists, and watchlists.
• Customized Packages: Choose from various packages such as trade-free, trade-free youth, and others, catering to different investor preferences.
• Top Stock Picks and Live Research Calls: Gain insights from top stock picks and live research calls, invaluable resources for new investors.
• Referral Program: Participate in the refer and earn program, allowing you to earn referral points equivalent to 15% of the total referral transactions.

Indicative Pricing Structure:

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

Equity Intraday: Nil

Pros:

• Intuitive User Interface: Kotak Securities boasts an easy-to-navigate interface, making it beginner-friendly.
• Rich Research and Analysis Tools: Access a wide range of research and analysis tools to make informed investment decisions.
• Solid Customer Support System: Count on reliable customer support for assistance throughout your trading journey.
• Access to International Markets: Expand your horizons with access to international markets for diversified investment opportunities.

Cons:

• Limited Advanced Features: Some advanced features like price alerts and an advanced orders panel may not be available.
• No Demo Account: Kotak Securities does not offer a demo account for practice trading.
• Lack of Leveraged Trading via the App: The app does not provide an option for leveraged trading.

Kotak Securities Trading App stands out as an excellent starting point for beginners venturing into the world of stock trading. Its user-friendly interface, comprehensive research tools, and accessible customer support make it a valuable companion. While it may have some limitations, its strengths far outweigh any drawbacks, positioning it as a top choice for novice investors.

Explore Kotak Securities – Top Trading Apps in India 2023

---

6. Angel Speed Pro – Best for Heavy Traders

Rating: 4.0

⭐⭐⭐⭐

For heavy traders, efficiency, speed, and comprehensive features are non-negotiable. In response to these needs, Angel Speed Pro emerges as a powerful tool provided by Angel Broking, a leading full-service stock broker. This trading application is lauded for its seamless trading experience, insightful trade monitoring, rapid order execution, and real-time stock updates. This article provides an in-depth look into the key features and advantages that make Angel Speed Pro the go-to choice for heavy traders.

 

 

Why Angel Speed Pro?

Tailored for heavy traders, Angel Speed Pro offers a single-window trading experience with robust trade monitoring capabilities. Its reputation for speedy order execution and real-time stock updates sets it apart in the realm of trading applications. The platform’s wide range of offerings, including equities, commodities, currencies, derivatives, margin trading, and mutual funds, caters to diverse trading needs.

Key Features:

• Comprehensive Offerings: Engage in equities, commodity, and currency trading, along with derivatives and margin trading facilities, and mutual funds.
• Live Streaming of Rates: Access real-time rates for instant trading decisions.
• Inbuilt Portfolio Analysis: Evaluate and analyze all investments in one place with a high-end stocks inbuilt portfolio.
• Instant News Flashes and Reports: Stay informed with instant and real-time news flashes and reports.
• Live Market Data in MS Excel: Watch and update live market data directly in MS Excel for seamless analysis.

Indicative Pricing Structure:

Equity Delivery: Nil

Equity Intraday: INR 20 or 0.25% (whichever is less)

Pros:

• Highly Customizable App: Tailor the app to your preferences for a personalized trading experience.
• Robust and Innovative Software: Benefit from a platform equipped with advanced and innovative features.
• No Account Opening or Maintenance Charges: Enjoy trading without incurring any charges for account opening or maintenance.
• Responsive Customer Care Service: Count on a highly responsive customer care team for timely assistance.

Cons:

• Comparatively Higher Charges: Some users may find the charges relatively higher compared to other platforms.
• Software Compatibility Issues: There have been user complaints regarding software compatibility issues.
• Relatively Bulky Trading App: Some users may find the app to be relatively bulky in terms of size.

Angel Speed Pro Trading App stands as a powerhouse for heavy traders, providing a comprehensive suite of features tailored to their needs. Its robust software, combined with real-time updates and efficient order execution, positions it as a top choice. While it may have some areas for improvement, its strengths make it an invaluable asset for heavy traders navigating the complexities of the stock market.

Explore Angel Speed Pro – Top Trading Apps in India 2023

---

7. IIFL Markets Mobile App – Best for Both Beginners and Seasoned Investors

Rating: 4.0

⭐⭐⭐⭐

Investing in the financial markets requires access to reliable and comprehensive tools, regardless of your level of expertise. The IIFL Markets Mobile App, developed by the esteemed full brokerage firm IndiaInfoline, caters to both beginners and seasoned investors alike. Offering a wide range of products and invaluable stock tips and research reports, it stands as a versatile platform for investors of all backgrounds. This article provides a detailed exploration of the app’s features and benefits, making it an indispensable tool for investors at every stage of their journey.

Why IIFL Markets?

The IIFL Markets app is more than just a trading platform; it’s a gateway to a diverse array of investment opportunities across equities, currencies, commodities, and mutual funds. What sets it apart is its provision of free stock tips and research reports, offering valuable insights to its clients. With a user-friendly interface and a wealth of features, it caters to both beginners and seasoned investors.

Key Features:

• Multiple Watchlists: Create and manage multiple watchlists across NSE, BSE, MCX-SX, and NCDEX for a comprehensive market overview.
• Advanced Dashboard: Access a detailed and advanced dashboard covering indices, commodities, and currencies for informed decision-making.
• Live Market Coverage: Stay updated with live and in-depth coverage of companies and markets for real-time insights.
• Technical Charting Tools: Utilize advanced technical charting tools such as Bollinger Bands, MACD, RSI, and moving averages for thorough analysis.
• Paperless IPO Application: Streamline your IPO investments with a hassle-free paperless application process.
• Instant Notifications: Receive instant notifications for orders, trades, and news updates, ensuring you’re always in the loop.
• Intraday Tips via “Call” Feature: Leverage the “Call” feature to receive intraday tips for strategic decision-making.

Indicative Pricing Structure:

Equity Delivery: INR 20

Equity Intraday: INR 20

Pros:

• Intuitive User Interface: The app’s user-friendly interface ensures ease of use for investors of all levels.
• Free Research Reports: Access to free stock tips and research reports provides valuable insights for making informed investment decisions.
• Responsive Customer Care: Count on a responsive customer care team to address any queries or concerns promptly.
• After Market Orders (AMOs): The app allows for the placement of After Market Orders, offering flexibility in trading.

Cons:

• Portfolio Section Issues: Some users have reported experiencing problems in the portfolio section.
• Call and Trade Service Charges: The Call and Trade services are provided at an additional charge of INR 50.

 The IIFL Markets Mobile App is a powerful tool that caters to the diverse needs of investors, regardless of their level of expertise. With its user-friendly interface, valuable research reports, and comprehensive features, it’s an invaluable asset for both beginners and seasoned investors navigating the complexities of the financial markets.

Explore IIFL Markets Mobile App – Top Trading Apps in India 2023

---

8. MO Investor – Best for Investing in Equities and MFS

Rating: 4.0

⭐⭐⭐⭐

In the dynamic world of investing, having a reliable and feature-rich platform is crucial. The MO Investor App, crafted by the esteemed Motilal Oswal Securities, is a beacon of excellence in this regard. Renowned for its advanced tools, real-time price alerts, and user-friendly interface, it caters to a diverse spectrum of investors. This article provides a thorough exploration of the app’s features, making it an indispensable tool for those looking to invest in equities and mutual funds.

Why MO Investor?

Backed by Motilal Oswal Securities, one of India’s leading stock brokerage firms, the MO Investor app is synonymous with advanced tools, instant price alerts, and a seamless user experience. It empowers investors to delve into a wide array of offerings, including equities, derivatives, commodities, currencies, mutual funds, IPOs, bonds, U.S. equities, and portfolio management services. Additionally, the app provides a rich educational experience, offering courses, blogs, and infographics for investors at every level.

Key Features:

• AI-Powered Portfolio Rebalancing: Leverage AI-powered tools to optimize and rebalance your entire portfolio, aiming to maximize returns.
• Value-Added Services: Access a suite of value-added services, including SIP via WhatsApp, automated advisory, live bot genie, and call and trade services.
• Funding Services: Explore funding options such as loans against securities, margin funding, and stock lending features.
• Comprehensive Research Reports: Gain valuable insights into your position, margins, and in-depth analysis through comprehensive research reports.
• Diverse Mutual Fund Schemes: Choose from a wide range of mutual fund schemes offered by 40 different asset management companies.
• Extensive Educational Resources: Enhance your investment knowledge with online lessons, videos, and blogs provided by the platform.

Indicative Pricing Structure:

Equity Delivery: INR 20

Equity Intraday: INR 20

Pros:

• User-Friendly Interface: The app boasts a user-friendly and efficient interface, ensuring a seamless investment experience.
• Comprehensive Portfolio Overview: Easily monitor charts, portfolios, and upcoming market events for informed decision-making.
• Simplified Charting Tools: The charting tools are intuitive and easy to understand, making technical analysis accessible to all.
• No Account Opening, Advisory, or Research Charges: Enjoy the benefits of the platform without incurring additional charges for account opening or advisory services.

Cons:

• Higher Brokerage Charges: Some users may find the transactional brokerage charges relatively higher.
• Customer Service Concerns: There have been user complaints about the quality of customer service provided.

The MO Investor App is a powerhouse of features and resources for investors seeking to make informed decisions in the realm of equities and mutual funds. Its user-friendly interface, advanced tools, and extensive educational materials position it as a top choice. While there may be areas for improvement, its strengths make it an invaluable asset for investors navigating the complexities of the financial markets.

Explore MO Investor  – Top Trading Apps in India 2023

---

9. Edelweiss Mobile Trading App – Best for Advanced Market Analysis

Rating: 4.0

⭐⭐⭐⭐

For active traders seeking advanced tools and in-depth market analysis, the Edelweiss Mobile Trading App emerges as a frontrunner. Designed to cater to the needs of dynamic traders, this app offers an array of features, including advanced chart options, comprehensive market analysis tools, and insightful reports. This article provides a detailed exploration of the app’s capabilities, making it an essential tool for traders aiming to take their strategies to the next level.

Why Edelweiss Mobile Trading App?

Tailored for active traders, the Edelweiss Mobile Trading App is a powerhouse of advanced features. From real-time market commentary to dedicated relationship managers, this app provides a comprehensive trading experience. With options for two brokerage plans – “Lite” and “Elite” – users can choose based on their specific needs and preferences. The Lite plan offers a budget-friendly option, while the Elite plan is packed with rich features.

Key Features:

• Real-Time Market Commentary: Stay updated with a smooth interface providing real-time commentary on market movements.
• Sectorial Performance Analysis: Access insights into the performance of various sectors.
• Dedicated Sections: Seamlessly navigate through sections dedicated to equity, derivatives, and commodity markets.
• Customizable Watchlists: Create and monitor watchlists with the capacity to track up to 100 stocks.
• Advanced Charting Tools: Leverage historical charting, live market news, and various stock screeners for in-depth analysis.
• Brokerage Plans: Choose between the “Lite” and “Elite” plans to align with your trading requirements.

Indicative Pricing Structure:

Equity Delivery: INR 10

Equity Intraday: INR 10

Pros:

• Advanced Market Analysis Tools: Benefit from advanced tools, charts, and reports for in-depth market analysis.
• No Account Opening Charges for First Year: Enjoy a fee-free account opening and maintenance for the initial year.
• Rich Features in Elite Plan: The Elite plan offers a plethora of value-added services at no extra cost.

Cons:

• Limited Bracket Orders: The app has limited scope for bracket orders, which may be a consideration for some traders.
• Charges for Lite Plan Features: Basic features may require extra charges in the Lite plan post the introductory offer period.
• Switching Charges: Users switching from the Elite plan to the Lite plan may incur a switching charge of INR 2,500.

The Edelweiss Mobile Trading App stands as a robust platform for active traders seeking advanced market analysis tools and comprehensive insights. While considerations like limited bracket orders and potential extra charges in the Lite plan should be taken into account, the app’s strengths make it a valuable asset for traders aiming to navigate the intricacies of the financial markets.

Explore Edelweiss Mobile Trading App – Top Trading Apps in India 2023

---

10. Paytm Money – Best for Both Investors and Traders

Rating: 3.5

⭐⭐⭐✩

With almost 14 million users to date, Paytm Money has emerged as a powerhouse in the online trading space. Catering to both investors and traders, it offers a wide array of investment options, including equities, mutual funds, and the National Pension System (NPS). While it doesn’t support trading in currency and commodities, Paytm Money has gained notoriety for its minimal brokerage fees. This article provides an extensive look into the app’s offerings, making it a must-have for those looking to enhance their investment strategies.

Why Paytm Money?

As one of the largest online trading apps, Paytm Money has witnessed exponential growth since its launch in 2017. Boasting almost 14 million users, it stands out for its competitive brokerage fees. Users enjoy zero charges for services like account opening and maintenance, with equity delivery and intraday charges as low as zero and INR 10 per order, respectively.

Key Features:

• Diverse Investment Options: Invest in Mutual Funds, IPOs, Equities, and NPS through a single platform.
• Direct Mutual Funds: Earn 1% higher returns with direct mutual funds.
• In-House Brokerage Calculator and Advisory Services: Access tools for brokerage calculation and receive valuable mutual fund investment advice.
• No-Cost Trading Calls and Research Reports: Enjoy complimentary trading calls and research reports.
• Additional Features: Leverage margin funding and margin against share for enhanced trading capabilities.

Indicative Pricing Structure:

Equity Delivery: Nil

Equity Intraday: INR 10

Pros:

• SEBI Registered Investment Advisor: Benefit from mutual fund advisory services provided by a SEBI-registered investment advisor.
• Two-Factor Authentication: Enjoy added security through two-factor authentication.
• User-Friendly Interface: Navigate through a clean and user-friendly interface for a seamless experience.
• Hassle-Free Onboarding: Experience a smooth onboarding process with Paytm Money.

Cons:

• Less Responsive Customer Support: Some users have reported less reactive customer support.
• Limited Services for NRI Accounts: Paytm Money does not offer services related to NRI trading accounts.
• No Intraday Trading Tips: The platform does not provide intraday trading tips and recommendations.

Paytm Money stands as a formidable platform for both investors and traders. Its user-friendly interface, competitive brokerage fees, and diverse investment options make it a strong contender in the online trading space. While considerations like customer support responsiveness and limited services for NRI accounts should be noted, the app’s strengths position it as a valuable tool for those navigating the complexities of financial markets.

Explore Paytm Money – Top Trading Apps in India 2023

---

11. Sharekhan – Best for Experienced Investors and Traders

Rating: 3.5

⭐⭐⭐✩

Sharekhan, with over 50 lakh Android downloads and a reputation for serving both seasoned traders and investors, has established itself as a go-to platform for trading and investment needs. Known for its demat services and full brokerage offerings, Sharekhan caters to a diverse range of financial instruments, including equities, derivatives, currency, mutual funds, bonds, IPOs, and commodities. This article delves deep into Sharekhan’s extensive features, making it an indispensable tool for navigating the world of trading.

 

Why Sharekhan?

Tailored for experienced traders and investors, Sharekhan offers an array of services that encompass the entire spectrum of financial instruments. From equities to commodities, this platform facilitates seamless trading and investment experiences. Sharekhan stands out for its demat services, comprehensive research analysis, and innovative features, providing users with a robust toolkit for making informed decisions.

Key Features:

• Demat Account Services: Extend demat account services to both resident Indians and NRIs, enhancing accessibility.
• Free Demat Account Opening: Open a demat account at no cost, ensuring a hassle-free onboarding experience.
• Flexible Brokerage Plans: Choose from various brokerage plans, including pre-paid account maintenance schemes with reduced brokerage structures.
• Advanced Charting Tools: Access live stock prices, unlimited charts, advanced chart features, and a single trading screen for comprehensive analysis.
• Product Offerings: Explore features like tradetiger, dial-n-trade, pattern finder, sharekhan classroom, and exchange margin funding.
• Customization: Save defined screens and graph templates for future use, streamlining the trading process.
• Responsive Customer Care: Connect with customer care representatives through toll-free phone, email, and live online chat for prompt assistance.
• Quick Fund Transfer: Activate online fund transfer with 12 banks for seamless transactions.

Indicative Pricing Structure:

Equity Delivery: 0.5% on buy/sell or 10 paisa

Equity Intraday: 0.10%

Pros:

• No Minimum Deposit Requirement: Start trading without the need for a minimum deposit.
• Comprehensive Tools for All Asset Classes: Access advanced features and tools across various asset classes.
• Detailed Research Analysis: Benefit from in-depth research analysis tailored for traders, investors, and mutual fund enthusiasts.
• Extensive Educational Material: Engage with a wealth of educational resources, including courses and workshops.

Cons:

• Single Fiat Currency Support: Sharekhan supports only one fiat currency, INR.
• Transparency on Charges: Some users have reported a lack of transparency regarding charges.
• Brokerage Charges: Sharekhan’s brokerage charges may be comparatively higher than other brokers.
• Upgrade Concerns: Users have expressed concerns about the speed of software upgrades.

Sharekhan emerges as a versatile platform catering to the needs of experienced traders and investors alike. Its extensive range of services, coupled with advanced tools and comprehensive research analysis, positions it as a valuable tool in the world of trading. While considerations like single currency support and potential concerns about transparency and brokerage charges should be taken into account, Sharekhan remains a formidable player in the online trading space.

Explore Sharekhan – Top Trading Apps in India 2023

---