Top 5 Best Trading App In India – For Beginners

Amazing Facts About Best Trading App India

Page Contents Table

Amazing Facts about Best Trading App India

Top 10 Best Trading App In India

1. Zerodha KITE online trading mobile app

2. 5paisa online trading app

3. Upstox pro app

4. Angel Broking online trading app

5. Edelweiss online trading app

Every online brokerage firm is running pillar to post to launch the best trading app India for their online trading platform.

Of late, Mobile trading has grown over 100% in India due to an increasing number of beginners having started using the apps before getting into real trading.

Looking at the scenario and growing demand for trading apps, fund management companies also geared up towards launching their own flagship apps.

As a result, the online market has been flooded with trading apps from the leading players of the Indian stock market.

We have decided to allude briefly to the major front running apps in this discussion. We will begin with the Zerodha Kite app followed by other leading and popular trading apps.

There is not much to talk about the brokerage charges as by and large it appears to in equilibrium and not much change is envisaged at the current market scenario.

The only difference that can usher in more investors to loop in is the service that a brokerage firm extends. One of the major discerning factors that will entail footfalls on your website is mobile apps.

More prudent your mobile application is, the larger crowd can be fetched on your website.

There are certain technical aspects that need to be matched at the optimum level when launching a running mobile app.

We would allude briefly to the mobile application features for a seamless functioning and experience.

First and foremost is the application compatibility with all major mobile operating systems.

It is imperative for your mobile application to cover all strata of investors and the mobile phones that they are holding.

It should be compatible with android, IoS, and other operating systems to see widespread coverage of your mobile app.

Second would be the size and the number of Apps that are being launched. Simplicity here is the key. Many app designers start from the wrong premise that more features would entail more users.

This is an absolute misnomer. You need to provide what your customer wants, nothing more, and nothing less. Simple to use apps are statistically more popular than a complex design.

It would encompass all types of customers ranging from uneducated to semi-educated to well educate users.

Thirdly, you need to be able to deploy a DevOps methodology to upgrade your app. This simply means constant integration and constant deployment.

Starting from launching a beta version to the final one, you should heavily and constantly take feedback from the users and upgrade your apps.

Last but not least is the support that you offer to your users and your support should be lightning fast.

Any time you get users’ responses of issues faced by them, leave all jobs on shelves and get going about troubleshooting and resolving in the shortest possible time.

This will induce your users to hang on with or app or else they will switch to another better performing app that offers better support.

In a nutshell:

Speed

Performance

Ratings and reviews

Features

Usability

All the above factors go miles to keep your app alive and kicking.

Time to circle back to our original point of discussion: best online trading app in India. In the due process, we will also branch out to a useful and more pertinent discussion on the best stock trading app for beginners in India.

Top 10 Best Trading App In India

1. Zerodha KITE online trading mobile app

In the mad rush of trading app launching, Zerodha emerged as one of the front running campaigners with their flagship app KITE among fierce competition.

To get the app, you need to simply go to the play store and install the app on your mobile. Open an account by registering your email id.

The opening screen list shows the shares suggested by the app. You can delete or add stocks as per your choice on the list.

Zerodha Kite App

To buy a share, you need to have the balance in your Demat account that can be accessed within the app. Click on add funds and you will see the fund added to your Demat account.

Zerodha Kite is hailed because of the simplicity that it offers. It is uncluttered and easy to navigate and understand.

Zerodha understands that to be in competition and lead it, mobile technology and a compatible simplified app is the key.

Its minimalistic interface restricts strictly to what the user is looking for. It does not clutter the screen with what the users never use or rarely use.

This keeps the user focused on what he/she is aiming at, “trading” without any uncalled for distraction.

Zerodha Kite Screenshot

The app is thin (Lightweight) and not resource hungry. Remember data is expensive, so cost is a great advantage.

Zerodha comes with the unique advantage of brokerage free investment charges, provided you do not buy & sell the stock on the same day.

One disadvantage which may turn out to be a major one if not resolved on a war footing is the chart loading lag. It irritates a user.

So let’s check the features for Zerodha Kite to qualify for the category of the best stock trading app for beginners in India:

Advantages of Zerodha Kite app

Universal search tool enabling users to find simple and complex stocks

Ability to apply over 100 technical indicators on real-time charts

The trade from the chart feature of the app enables the user to directly trade from charts

You can set unlimited price alerts for instant updates

You can create an unlimited number of personalized watchlists

Past 10 years historic data

2. 5paisa online trading app

Next is another major player in the Indian stock market and its 5paisa app. 5paisa trading app is owned by 5 paisa discount brokers. It has a lower charge than it competitors, 10p/executed order.

5Paisa App

This is one of the rare apps which offer the unique feature of guest login. I personally quite like this feature.

You can avoid giving all your personal details to check the app, end up getting unsolicited emails, calls, and messages from the service provider.

5Paisa app Screenshot

Let’s check if it qualifies to be a beginner’s trading App

App has an easy Demat opening feature for beginners within the app

Similar to ET markets, it provides constant real-time live updates and quotes from NSE and BSE

Auto investor feature help build fully developed and personalize mutual fund investment portfolio

Leveraging easy screening tool with 5 paise free account you can invest in top mutual funds

Disadvantages of 5 paisa app

The app is resource hungry and calls for high-speed internet to load charts, Beginners with low-speed internet might have difficulty

15 minutes candles are missing in action

3. Upstox pro app

Probably the second-best leading player in the market has a very heavy feature-loaded app guided by the principle that more features would fetch more users.

Advantages of Upstox Pro app which are very similar to Zerodha Kite app include:

Upstox Pro App

Universal search tool enabling users to find simple and complex stocks

One great advantage here is charts available of multiple intervals and multiple types and drawing styles

Ability to apply over 100 technical indicators on real-time charts

Leveraging Trade from Chart (TFC) feature, an user to directly trade from charts

You can set unlimited price alerts for instant updates

Upstox Pro App Screenshot

You can create an unlimited number of personalized watchlists

Past 10 years historic data

Disadvantages? Well…

The heavy app loaded with features that you may not use frequently

Linked bank account details cannot be checked

Backoffice app unavailable

Navigation from one menu to another is tricky

Not quite recommended for beginners, more for experienced campaigners of stock markets

4. Angel Broking online trading app

A most experienced campaigner with over 30+ years of experience and presence, one of the first to enter the Indian market.

It offers a gamut of services to users ranging from insurance, mutual funds, brokerage and almost all financial instruments to Indian investors.

Angel Broking App

Angel Broking App

Brokerage charges are relatively high considering the cash-starved Indian market.

Advantages that Angel broking offers include:

You can view multiple Index with prices that are real-time

Get streaming Market watch

Get live updates on top gainers and losers

Get Intraday Chart News

Angel Broking App Screenshot

Enable user to create persona

Enable user to create personalized device watchlists

It allows you to access 10 transactions for the ledger,

DP and fund reports using a feature directly from within the app

You can transfer funds and securities from a single place

Time for disadvantages that include:

User Interface is a bit dull, unappealing, and uninteresting

Heavy app as operator attempted to load it with as many features as it could, resulting in a size of more than 22 MB which is huge

Charts and Price update lagging

visit angel broking app

5. Edelweiss online trading app

One of the highly-rated apps, it is easy to use installation and features from one of the most reputed advisories of stocks.

Edelweiss Finance app

Advantages include:

It has brokerage plans that support both categories of investors and traders.

It has a great online and offline presence with more than 4300 sub-brokers spread across the length and breadth of the country.

It has the app that is compatible with all platforms of mobile devices.

Edelweiss Finance app Screenshot

Deals in Equity, Derivatives, Currency, ETFs, Mutual Funds, and IPOs

Related Post: How To Open Stoxkart Demat Account – Step by Step Process

Offers free call and trade facilities

Disadvantages include

The heavy app, more than 37 MB, with feature loaded

Relatively high brokerage

High Account opening and AMC charges

Unavailability of 3-1 Demat account

Lacking in knowledgeable and helpful customer support

YOU CAN DOWNLOAD THESE TRADING APPS FROM PLAY STORE,APP STORE.