Kanpur Stock：7 Best Trading Apps in India for Mobiles

In this article, I am providing list of best trading apps in India based on my trading experience and user feedback.

If you compare the leading stock brokers of India, there is no huge difference in their brokerage charges. What actually differentiates them is the technology they provide to their clients.

Except for day traders who still need desktop based software, for all other types of traders and investors, mobile application is good enough on day to day basis.

They need not open their laptop/desktop to check the current price , place the order etc. Advance in technology made it possible to carry out most of the functions with mobile trading apps itself.

Hence, stock brokers are more and more focusing on mobileKanpur Stock. And the brokers who are ignoring mobile are suffering badly even after offering lowest brokerage charges demat account.

Sometimes when you are traveling, you may still want to transact in stock market. Thankfully, mobile trading apps are life savers. I have shortlisted 7 good trading apps based on the customer ratings.

Below are the 7 best trading apps in India:

Depending on your convenience, you can pick the ideal option for your needs and start investing or trading in trading app in India.

Now lets explore the features of each one of the trading apps.

Without doubt, Zerodha KITE is one of the best trading app in India and I use it myself for trading.

Zerodha is the first discount broker of India and went on to become No 1 stock broker of India overtaking likes of ICICI Direct and Sharekhan.

Kite and other superior products helped them achieving this feat within 8 years.

I opened account with Zerodha in year 2012. I would say I’m pretty satisfied with the quality of products and support they offer.

What I like most in KITE, is the minimalistic user interface (UI). The app is not cluttered with so many information which I rarely use. This helps me in concentrating more on what is required and trade without distraction.

The App is light weight and less resource hungry. When you compare it with stock trading apps of other stock brokers in India, it is almost one third in size!. If you are beginner to stock market, Zerodha Kite is good trading app available in India.

More over all the investments at Zerodha is brokerage free, That means, if you buy and do not sell the shares the same day, no brokerage is charged for purchase of shares.

And the brokerage is zero even when you sell them in future. For all the other transaction, they charge Rs 20/executed order irrespective of trade size. I have written a detailed review of Zerodha here.

All these factors make Zerodha KITE Best Online Trading App of India.

Before we go further, let us see how much savings a investor and a trader can do if he opens an account with Zerodha.

Because of the huge savings and the quality of trading app (KITE) that Zerodha offers, they are able to overtake the likes of ICICI Direct and Sharekhan to become India’s largest stock broker within 8 years.

For Investor:

If you plan to invest Rs 10 Lakh, with 0.55% brokerage (ICICIDirect charges this much!), you have to shell out Rs5,500 in brokerage itself where as you pay nil in case of Zerodha (Investments are free at Zerodha).

Hence there will be 100% savings in brokerage charges compared to brokers like ICICI Direct.

For Trader:

Now let us see for intraday, Futures & Options traders, how much can be saved.

Let us assume you buy Rs 10lakh and sell 10lakh worth of shares daily. That means in around 20 trading days of month, total turnover will be 400 lakhs.

ICICI Direct charges 0.0275% hence the brokerage charges per month is Rs400Lakh * 0.0275% which is Rs 11,000.

So yearly it would be,

Rs11,000 * 12 months = Rs 1,32,000

Zerodha charges Rs 20/trade for intraday. In Zerodha, brokerage is not

based on trade value. For each order they charge Rs20 irrespective of

trade value.

Hence per day it would be Rs 40 (Rs20 for buy and Rs20 for sell) and for each month it would be 20* Rs40 = Rs 800

So per year it is Rs 800 * 12 months = Rs 9,600

Hence, traders can save more than 90% of brokerage and indirectly add to their profit.

Because of these savings and advanced yet simple to use mobile app, I recommend opening account with Zerodha. I have been using it since 2012 and pretty satisfied.

Zerodha has made account opening free with effect from June 29, 2024. Use below link to go directly to Zerodha account opening page to open the Zerodha demat account without any fees.

Upstox PRO is a mobile app from another leading discount broker of India, Upstox. They were previously known as RKSV securities and based out of Mumbai.

They are backed by prominent investors like Mr. Ratan Tata.

Upstox brokerage charges are also almost similar to that of Zerodha. Read the complete review of Upstox here.

For detailed comparison between Upstox and Zerodha, check out this side by side comparison.

Upstox currently waiving off the account opening fee. You can open your account free of cost. Use below button to avail the offer.

Angel One is in One industry for more than 30+ years. They offer various types of service to their customers like brokerage, insurance and mutual funds etc.

You can get more information at Angel One Review.

Earlier to 2019, they followed full service model wherein they charged in terms of percentage of traded value. Now they have slashed the charges and following the discount brokerage model.

Checkout the side by side comparison of Angel One and Zerodha.

If you want to know more about the Angel One mobile app, check out my detailed review with pros and cons and about major features of it.

: Currently, account opening fee is waived off for accounts opened in online mode. Also, first year Annual Maintenance Charge (AMC) for first year also waived off.

To avail this offer, use below button to open account.

5Paisa is the discount broker promoted by IIFL (India Infoline). They charge at Rs 20/executed order, comparable to Zerodha and Upstox. However, delivery brokerage is not Zero. Read more about them at 5Paisa Review

Best thing I like about it is, they provide the guest login feature. One can check its features (offcourse, limited features only) without opening account with them.

To know more detailed information about 5Paisa mobile app, its pros and cons, check out this detailed review of the app.

FYERS is a Bangalore based discount stock broker. They started their operation quite late compared to other discount brokers and hence missed out the first to market opportunity,

But that has not stopped them from developing one of the outstanding mobile trading app of India. They have invested their focus and resources in building a premier mobile trading app.

Read the detailed information at FYERS Review.

Motilal Oswal (MOSL) is another major stock broker of India with strong network of branches and sub brokers in more than 1700 locations. They are in the brokerage industry since 1987.

They have wide range of products such as equity, mutual funds, life insurance, IPO, bonds, currency and Portfolio Management Services (PMS).

They invest considerable amount of their revenue for research (about 10%) and hence their research papers are considered good.

If you are new to stock market and need some guidance and don’t mind paying some extra brokerage, you can consider Motilal Oswal.

Again the brokerage is high compared to discount brokers. Read detailed review of Motilal Oswal here.

The MOSL App is available for both Android and iOS versions.

India Infoline is a very reputed full service stock broker of India who are into the brokerage business since 1995.Kolkata Wealth Management

Anyone looking to something more like research and recommendations can consider IIFL. Being a full broker, IIFL offers personalised service to each one of their clients.

But the brokerage charges are higher compared to discount brokers like Zerodha. I have written detailed review of IIFL in this post.

Sharekhan is well known broker in India and it is very likely that you would have seen one of the outlets of theirs in your city/town.

However the big concern is their brokerage. The basic brokerage plan is very expensive and their basic plan levies 0.10% for delivery brokerage.

It is unbelievable!. For buying Rs 10 lakh worth of shares, one need to shell out Rs 10,000 and another Rs10,000 for selling. While one can carry out the same process with Zero brokerage at ZerodhaNagpur Stock. But without any argument, the Sharekhan Pro is one of the best stock market app in India as far as features are provided. One can carryout multiple things using the single app.

Check the version of Android and iOS supported by the app. If you have lower version, you may have to update your phone.

Visit google play store and Apple iphone app store and check number of app downloads. It is the indirect method to see which is the most popular trading app in India.

Read the reviews of the users at playstore. See what problems people are facing. But be aware that few brokers also try to manipulate the ratings by providing fake positive reviews themselves.

If you use any indicators for technical analysis, double check that the app supports that particular indicators.

Mobile trading has increasingly become common nowadays. Traders/investors have started to incline more towards the broker providing best online trading mobile app in India to earn money online without much investment.

Read : 9 Best Demat and Trading Accounts of India

I personally trade with Zerodha Kite and also use Upstox Pro app as secondary one. Hence I am little bit biased to state that I find Zerodha Kite as best trading app in IndiaPune Investment. Offcourse you need to open account with Zerodha to use it (they do not provide guest login).

Answer : A trading app is a software built for mobile users for Android and/or iOS which helps in executing buy or sell transactions on stock exchanges.

Answer : Trading Apps provide mobility to traders who are on the move on most of the time. Traders/Investors need not be in front of computers all the time watching the market. They can watch, monitor their portfolio and execute any trade if required.

Answer : Considering the performance in key areas such as speed, features, resource usage, usability and reviews, Zerodha Kite provides better performance than any other mobile trading app from other brokers. It provides basic features like tracking portfolio and advance options like trading from chart.Simla Investment

Answer : Both Zerodha Kite and Upstox Pro are good trading app for beginners as they are clutter free and easy to access with minimal resource requirement.

Answer : IIFL markets is most suited for investors with resource reports and other investment products can easily be accessed through the app itself

Answer : Zerodha Kite is the most downloaded and used trading app in India with more than 50 Lakh+ download at playstore and has been the No.1 choice of the traders for past few years.

Answer : Zerodha Kite is No 1 trading app in India with most number of downloads and higher app ratings. It is followed by Upstox Pro , Angel One by Angel One, 5Paisa trading app and many more

Answer : Considering the highest numbers of users, Zerodha Kite is relatively stable compared to other trading app. Zerodha Kite is from Zerodha which is debt free and profitable company hence most trustable.

New Delhi Wealth Management