5 Best Trading Apps In India [2022] - An Updated List

Trading is an efficient way to make quick money. For that, you would need to learn technical parameters (price action & SMC) to analyze the stocks. The stock broker or the platform you are using is equally crucial for your trading success. In this post, you will learn everything you need to know about the trading platforms.

1. Zerodha

Zerodha is the no.1 trading platform in India. It allows you to place etrades on all segments and multiple instruments. Almost all the companies that are listed in NSE and BSE are available in Zerodha. Creating a Zerodha Demat account with a one-time fee of Rs 250 will allow you to place trades on stocks, indices, commodities, and ETFs.

The reason why Zerodha is popular is that it has an advanced chart analysis system that allows users to analyze the stock’s price movements efficiently. With Zerodha, you can analyze the stock without the help of a third-party platform.

For mobile platforms, Zerodha Kite is the official mobile app. You can download the mobile app and place trades much easier. I personally like the day’s PNL display of Zerodha more than other broking platforms.

Pros

• Inbuilt charting features

• Advanced and friendly user interface

• GTC basket orders are available

Cons

• Account opening and maintenance fees are applicable

2. Tradingview

Tradingview is the best trading app platform available for free. The platform offers both free and premium versions. Every trader has Tradingview in their arsenal for analyzing charts and finding fundamental news related to the stocks.

Tradingview is compatible with all kinds of devices including computers and mobile devices. This trading app is a crucial app to have if you are serious about trading because it offers countless basic to advanced tools. Fibonacci retracement, trend-based Fibonacci, dozen of harmonic patterns, and various drawing tools are the features that are exclusive to Tradingview alone. Intraday traders can make use of the watchlist by picking the stocks for tomorrow based on your analysis and naming them as intraday stocks for today.

Pros

• Best trading app

• Free version for lifetime

• Countless tools

• Easy customization

Cons

• Annoying ads

• Can’t place trades

3. SBI Securities

Equity and futures traders will be hugely benefited from using SBI Securities, especially small capital traders. It is a subsidiary broking firm of a reputed bank - SBI Bank. There is an advantage that comes with owning an account with brokerage firms that are direct subsidiary companies of large banks. You can create an SBI 3-in-1 account which will allow you to transfer funds with ease.

Depositing and withdrawing funds will be easier and much faster with SBI Demat account. However, the problem arises with the brokerage in the options segment. The minimum brokerage for placing an intraday trade in the options segment is Rs 50. The brokerage charge for placing delivery-based orders in the options segment is Rs 100. Most of the retail traders in the market are options traders. Hence, it might not suit them best especially if they are small capital traders.

Pros

• Faster fund transaction

• Reputed

• Low brokerage for Equity and Futures trades

Cons

• Expensive brokerage plans for option trading

4. Kotak Securities

As a nifty trader, I myself use Kotak Securities for placing trades when I play with small capital. Kotak Securities is the first stock broker that introduced Zero Brokerage Plan. It is incredibly useful for small retail traders as there is literally no brokerage for any intraday trades placed on any segment (SEBI and other taxes are applicable.)

Scalpers can utilize this opportunity to increase their profits because of the zero brokerage. However, the mobile application is not fast enough for high-frequency trading. Placing market orders is a mess in the mobile application. If you enter at the price of 100, your market order will be filled at 102. This might not be a big issue for longer timeframe traders but is sure pain for scalpers (I have never experienced this issue with other platforms.)

Pros

• Zero Brokerage on Intraday Trades

• No AMC

• Easy fund transfer

• 3-in-1 account for security

Cons

• Slow application

5. Neostox

Neostox is not a certified stock broker but it is a valuable tool for new traders. Neostox is a paper trading platform where you can practice and hone your trading skills without risking your real money. This will help you refine your strategies and have to control your emotions.

For a trader, eliminating emotions and establishing a systematic trading attitude are crucial. Neostox helps you accomplish that by allowing you to trade with paper money. Tradingview also has paper trading features, however, you can only trade in the equity segment.

Neostox lets you place trades on any segment including options and futures. There is a similar application named Sensibull which offers paper trading features along with multiple trading strategies. However, it is extremely expensive that you will decide to trade with your real money instead of buying its subscription. On the other hand, Neostox is completely free and helps you keep track of your trades.

The only downside of Neostox is that it has too many bugs. We wish the development team will fix it soon. However, as a free platform, Neostox performs exceptionally well.

Pros

• Lets you trade with virtual money

• Track your trades

• Top up your account balance up to 1.5 crores

• Free platform

Cons

• Too many bugs

We always try to provide our audience with authentic and reliable content. We have provided information about a few trading platforms without hiding their advantages or disadvantages. Use Zerodha, SBI Securities, or Kotak Securities for placing real trades.

Tradingview will be a huge advantage for to you analyze the stockmarket. If you are new to trading, you can use Neostox to practice and define your strategies well before your enter the real market.

Hoooyahh! Traders