Are you looking for the best trading platforms in India?
If yes, you have come to the right place!
In this post, I will discuss various features and benefits of some of the best trading platforms available in India.
We will also look at their pros and cons so that you can make a well-informed decision when selecting a platform for your trading needs.
As an investor or trader, it is important to understand which platform offers the most value in terms of fees, customer service, reliability, and ease of use.
I’ll discuss all these factors here so that you can make an educated decision on which one is best suited to your needs.
So let’s dive into the details!
What is the Best Trading Platform in India?
Here is the list of the best trading platforms available in India:
#1. Zerodha Kite
Best Discount Trading Platform in India
Zerodha Kite is a leading discount trading platform in India.
It offers low brokerage fees, excellent customer support, and great security features.
Zerodha also provides an integrated mobile application that makes it easy to trade on the go.
The platform also provides charting tools and research insights to help you make profitable trading decisions.
Zerodha Kite is one of the most reliable and robust trading platforms in India.
Key Features
- Zero brokerage charges for Delivery trades and Rs 20 per order for intraday.
- Integrated mobile app and desktop platform to trade on the go.
- Advanced charting tools and research insights are available.
- Great customer service with 24/7 support.
- Highly secure trading platform with two-factor authentication.
What I Like and Dislikes
Likes
- Low brokerage fees
- Integrated mobile app
- Excellent customer support
- Robust security features
- Charting tools and research insights are available to help make profitable trading decisions
Dislikes
- Navigation can be confusing for new users
- Difficult to customize the dashboard according to user preferences.
Brokerage Charges
Zerodha charges a flat fee of Rs 20 per order for intraday trading and no brokerage charges for delivery orders.
Why Should you Use it?
Zerodha Kite is an excellent choice for traders and investors looking for a reliable, robust, and low-cost trading platform.
The integrated mobile app makes it easy to trade on the go while the charting tools and research insights provide valuable information that can help you make sound decisions.
All in all, Zerodha Kite is a great platform for both beginners and experienced traders.
So, if you’re looking for an affordable, reliable trading platform in India then Zerodha Kite is definitely worth considering.
#2. ICICI Direct All-in-1 App
Best All-in-1 Trading App in India
ICICI Direct All-in-1 app is a great choice for traders and investors looking for an all-in-one trading platform.
The platform offers integrated mobile, web, and desktop applications that make it easy to trade on the go.
It also provides advanced charting tools and research insights to help you analyze the market and make profitable trades.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Advanced charting tools and research insights are available.
- Low brokerage fees of Rs 20 per order for intraday trading.
- Comprehensive customer support with 24/7 availability.
- Highly secure trading platform with two-factor authentication.
What I Like and Dislikes
Likes
- Integrated mobile, web, and desktop applications for easy access.
- Advanced charting tools and research insights to help make sound decisions.
- Low brokerage charges of Rs 20 per order for intraday trades.
- Excellent customer service with 24/7 availability.
- Highly secure trading platform with two-factor authentication.
Dislikes
- Customer support is not always prompt in responding to queries.
- Navigation can be a bit confusing for new users.
Brokerage Charges
ICICI Direct charges a flat fee of Rs 20 per order for intraday trades and no charge for delivery orders.
Why Should you Use it?
ICICI Direct All-in-1 app is a great choice for traders and investors looking for an all-in-one trading platform with low brokerage charges.
The integrated mobile app, web platform, and desktop application make it easy to trade on the go while the charting tools and research insights provide valuable information that can help you make profitable trades.
ICICI Direct All-in-1 is a great choice if you’re looking for an affordable yet reliable trading platform in India.
#3. Fyers One
Best Trading Platform for Advanced Technical Analysis
Fyers One is a full-fledged trading and investment platform that offers advanced technical analysis tools to help you make sound decisions.
The platform also provides integrated mobile, web, and desktop applications that make it easy to trade on the go.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
What I Like and Dislikes
Likes
- Integrated mobile app application for easy access.
- Advanced charting tools with over 100 indicators for technical analysis.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
Dislikes
- High margin requirements on certain products.
- Customer service is sometimes slow in responding to queries.
Brokerage Charges
Fyers One charges a flat fee of Rs 20 per order for intraday trades and no charge for delivery orders.
Why Should you Use it?
Fyers One is an excellent choice if you’re looking for a reliable trading platform with advanced technical analysis tools.
The integrated mobile app, web platform, and desktop application make it easy to trade on the go while the charting tools with over 100 indicators provide valuable information that can help you make profitable trades.
Fyers One is a great choice if you’re looking for an affordable yet reliable trading platform in India.
#4. Angel Broking Speed Pro
Best Trading Platform for Beginners
Angel Broking Speed Pro is a comprehensive trading platform designed to make stock trading extremely easy and accessible for beginners.
It offers simple navigation, low brokerage charges, and an integrated mobile app that makes it easy to manage your investments on the go.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Simple user interface with easy navigation.
- Comprehensive customer support with 24/7 availability.
- Low brokerage fees of Rs 20 per order for intraday trades.
- Highly secure trading platform with two-factor authentication.
What I Like and Dislikes
Likes
- Integrated mobile app for easy access.
- Simple user interface with easy navigation.
- Comprehensive customer support with 24/7 availability.
- Low brokerage fees of Rs 20 per order for intraday trades.
- Highly secure trading platform with two-factor authentication.
Dislikes
- Limited research and analysis tools are available.
- Customer service is sometimes slow in responding to queries.
Brokerage Charges
Angel Broking Speed Pro charges a flat fee of Rs 20 per order for intraday trades and no charge for delivery orders.
Why Should you Use it?
Angel Broking Speed Pro is a great choice if you’re just starting out with stock trading and need an easy-to-use platform that provides all the essential features.
The integrated mobile app, web platform, and desktop application make it easy to manage your investments on the go while the simple user interface with easy navigation makes stock trading a breeze.
It also offers low brokerage fees and a highly secure trading platform that make it a great choice for beginners.
#5. UpStox Pro
Best Trading Platform for Experienced Traders
UpStox Pro is a powerful trading platform designed to meet the needs of experienced traders.
It offers advanced charting tools, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
What I Like and Dislikes
Likes
- Integrated mobile app for easy access.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
Dislikes
- High margin requirements on certain products.
- Customer service is sometimes slow in responding to queries.
Brokerage Charges
UpStox Pro charges a flat fee of Rs 20 per order for intraday trades and no charge for delivery orders.
Why Should you Use it?
UpStox Pro is an excellent choice if you’re an experienced trader looking for advanced charting tools and powerful features.
It offers advanced charting tools with over 100 indicators, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments on the go.
#6. Sharekhan Trade Tiger
Best Platform for Professional Traders
Sharekhan Trade Tiger is a powerful trading platform designed specifically for professional traders.
It offers advanced charting tools, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
What I Like and Dislikes
Likes
- Integrated mobile app for easy access.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
Dislikes
- High margin requirements on certain products.
- Customer service is sometimes slow in responding to queries.
Brokerage Charges
Sharekhan Trade Tiger charges a flat fee of Rs 20 per order for intraday trades and no charge for delivery orders.
Why Should you Use it?
Sharekhan Trade Tiger is an excellent choice if you’re a professional trader looking for advanced charting tools and powerful features.
The integrated mobile app, web platform, and desktop application make it easy to manage your investments while the robust security features with two-factor authentication ensure your financial safety.
Sharekhan Trade Tiger is a great choice if you’re looking for an affordable yet reliable trading platform in India.
#7. Trade Eye
Best Platform for Stock Analysis
Trade Eye is a powerful stock analysis platform designed specifically for investors. It offers advanced charting tools, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
What I Like and Dislikes
Likes
- Integrated mobile app for easy access.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 20 per order for intraday trades.
Dislikes
- High margin requirements on certain products.
- Customer service is sometimes slow in responding to queries.
Brokerage Charges
Trade Eye does not have any brokerage charges as it is a stock analysis platform, however, you may incur some trading costs depending on your broker and the stocks you trade in India.
Why Should you Use it?
Trade Eye is an excellent choice if you’re an investor looking for sophisticated stock analysis tools and powerful features.
Trade Eye is a great choice if you’re looking for an affordable yet reliable stock analysis platform in India.
#8. 5 Paisa Trade Station
Best Low-Cost Trading Platform
5 Paisa Trade Station is a low-cost online trading platform designed specifically for traders.
It offers advanced charting tools, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 10 per order for intraday trades.
What I Like and Dislikes
Likes
- Integrated mobile app for easy access.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 10 per order for intraday trades.
Dislikes
- Limited product selection.
- Customer service is sometimes slow in responding to queries.
- Brokerage Charges 5 Paisa Trade Station offers a flat fee of Rs 10 per order for intraday trades and no charge for delivery orders.
Why Should you Use it?
5 Paisa Trade Station is an excellent choice if you’re looking for an affordable yet reliable trading platform in India.
It offers advanced charting tools with over 100 indicators, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments.
It also provides robust security features with two-factor authentication to ensure your financial safety. 5 Paisa Trade Station is a great choice if you’re looking for low-cost trading in India.
#9. NSE Now
Best Trading & Investment Platform
NSE Now is a trading and investment platform that provides access to the National Stock Exchange of India (NSE).
It offers advanced charting tools, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments.
Key Features
- Integrated mobile app, web platform, and desktop application available.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 15 per order for intraday trades.
What I Like and Dislikes
Likes
- Integrated mobile app for easy access.
- Advanced charting tools with over 100 indicators.
- Robust security features with two-factor authentication.
- Comprehensive customer support with 24/7 availability.
- Low brokerage charges of Rs 15 per order for intraday trades.
Dislikes
- Limited product selection in NSE Now.
- Customer service is sometimes slow in responding to queries.
- Brokerage Charges NSE Now offers a flat fee of Rs 15 per order for intraday trades and no charge for delivery orders.
Why Should you Use it?
NSE Now is an excellent choice if you’re looking for a reliable trading and investment platform in India.
It provides access to the National Stock Exchange of India (NSE), advanced charting tools with over 100 indicators, real-time market data, and an intuitive user interface that makes it easy to keep track of your investments on the go.
It also provides robust security features with two-factor authentication to ensure your financial safety.
What is the Trading Platform?
A trading platform is an online application that facilitates the buying, selling, and exchanging of securities.
It provides tools to help you research and analyze market data, place orders, manage your portfolio, and more.
Trading platforms vary greatly in terms of their features and fees – so it is important to compare them before choosing one.
What are the Features of Trading Platforms?
The features of trading platforms vary greatly depending on the platform.
However, most of them offer some common features such as:
1. Real-time market data
2. Charting tools
3. Research & analysis tools
4. Order types
5. Advanced portfolio management tools
6. Access to third-party applications and add-ons
7. Mobile apps for trading on the go
8. Low fees or commissions
These are just a few of the features that you should consider when selecting a trading platform in India. So make sure you do your research before making your decision!
What are the Types of Trading Platforms in India?
In India, there are three main types of trading platforms available- mobile-based, browser-based, and desktop-based.
Mobile-Based
Mobile-based trading platforms are best suited for traders who want to access their accounts on the go and make quick trades. Most popular mobile trading apps such as Zerodha Kite, Upstox Pro, Sharekhan Mini, etc provide all the features required for a successful investment journey.
Browser-Based
Browser-based trading platforms are perfect for those who prefer to trade from any device with an internet connection. Popular examples of these platforms in India include ICICI Direct Trade Racer and Motilal Oswal Trader Terminal among others. All these offer advanced charting capabilities along with many other technical analysis tools.
Desktop-Based
Lastly, desktop-based trading platforms are great for those who prefer to access the market while sitting at their PC or laptop. These platforms require software installation on the computer and have some of the most sophisticated charting capabilities. Popular desktop trading apps in India include Angel Speed Pro and Kotak Stock Trader among others.
To sum up, there is no one-size-fits-all approach when it comes to selecting a trading platform in India. Each trader has unique needs and preferences that should be taken into account when making a decision.
Before you commit to any platform, it is important to do your research and compare the features offered by different providers.
This way, you can ensure that you select the best platform for your trading needs.
Many times Best Trading apps have all three types of platforms, so you can use whatever is most convenient for you.
Difference Between Online Trading And Offline Trading?
Online trading and offline trading refer to two distinct methods of buying and selling financial instruments like stocks, bonds, commodities, and currencies. These methods differ in terms of how orders are placed, the technology used, the speed of execution, and the level of human involvement.
Here are the key differences between online and offline trading:
- Method of Order Placement:
- Online Trading: In online trading, investors use internet-based platforms or software provided by brokerage firms to place buy and sell orders. They can access these platforms through computers or mobile devices, enabling them to trade from anywhere with an internet connection.
- Offline Trading: Offline trading, also known as traditional or full-service trading, involves placing orders through a human broker, either over the phone or in person at a brokerage office. This method relies on the expertise and assistance of a broker to execute trades.
- Speed of Execution:
- Online Trading: Online trading is typically much faster than offline trading. Orders are executed in real-time, often within seconds, and investors have more control over the timing of their trades.
- Offline Trading: Offline trading can be slower because it involves communication with a human broker, which can introduce delays, especially during high-volume trading periods.
- Costs and Fees:
- Online Trading: Online trading is generally more cost-effective as it often involves lower brokerage commissions and fees. Many online brokers offer competitive pricing and even commission-free trades.
- Offline Trading: Offline trading is usually more expensive due to higher brokerage fees and commissions, as investors pay for the personalized services provided by human brokers.
- Control and Autonomy:
- Online Trading: Online trading provides investors with greater control and autonomy. They can research and execute trades independently, and they have access to a wide range of tools and information to make informed decisions.
- Offline Trading: In offline trading, investors rely on the expertise of a human broker. While this can be beneficial for those seeking guidance, it limits the level of control and autonomy investors have over their trades.
- Convenience:
- Online Trading: Online trading offers greater convenience as it can be done from anywhere with an internet connection, 24/7. Investors have access to their portfolios and can make trades at their convenience.
- Offline Trading: Offline trading may require investors to visit a brokerage office during business hours or make phone calls to their broker, which can be less convenient.
- Personalized Advice:
- Online Trading: Online trading platforms may offer some educational resources and research tools, but they do not provide the same level of personalized advice and guidance as human brokers do.
- Offline Trading: Offline trading through a human broker allows for one-on-one discussions, advice, and personalized recommendations based on an investor’s financial goals and risk tolerance.
Online trading is typically faster, more cost-effective, and offers greater control and convenience. Offline trading relies on human brokers, providing personalized guidance but at a higher cost and potentially slower execution. Investors often choose the method that best suits their preferences, investment goals, and trading experience. Some may even use a combination of both methods.
Documents Required For Opening Up A Trading Account App in India?
To open a trading account with a brokerage in India, you will typically need to provide a set of documents and information for account verification and compliance with regulatory requirements. The specific documents required may vary slightly depending on the brokerage and the type of account you want to open. However, the following is a list of common documents and information needed to open a trading account in India:
- Know Your Customer (KYC) Documents:
- PAN Card: A Permanent Account Number (PAN) card is mandatory for all Indian residents who wish to open a trading account.
- Aadhar Card: The Aadhar card is often used for identity verification and address proof.
- Passport: A valid passport may be used as an alternative to the Aadhar card.
- Proof of Address (Address Verification):
- Aadhar Card: In addition to being an identity proof, it also serves as proof of address.
- Recent Utility Bills: You can provide documents like a bank statement, electricity bill, water bill, or gas bill with your name and current address. These documents should not be more than 3 months old.
- Rent Agreement: If you are living in a rented property, a registered rent agreement can serve as proof of address.
- Voter ID: This is another government-issued document that can be used as proof of address.
- Bank Account Details:
- You will need to provide your bank account details, including the account number and IFSC code. This is used for linking your trading and demat accounts for fund transfers.
- Passport-Size Photographs:
- Typically, you will need a few recent passport-size photographs for account opening.
- Income Proof:
- Some brokerages may ask for income-related documents, such as salary slips, Income Tax Returns (ITR), or a Form-16 for salaried individuals. The requirement may vary based on your income and trading experience.
- Duly Filled Application Forms:
- You’ll need to fill out the account opening application form provided by the brokerage.
- In-Person Verification (IPV):
- Some brokerages may require you to undergo an in-person verification process, which can involve a video call or visiting a branch or an authorized agent for verification.
- Client Agreement and Risk Disclosure Documents:
- You may be required to sign a client agreement and acknowledge risk disclosure documents provided by the brokerage.
- Trading Account Agreement and Demat Account Agreement:
- Read and sign the trading account agreement and the demat account agreement, which lay out the terms and conditions of your accounts.
It’s essential to verify the specific documentation requirements with your chosen brokerage since these requirements can vary. Additionally, some brokerages may offer the option to complete the account opening process online, while others may require physical submission of documents at their offices or through authorized agents. Be sure to review the brokerage’s website or contact their customer support for detailed guidance on opening a trading account with them.
How Much Money Do You Need to Start Trading?
The cost of trading depends on the platform you use, the type of instruments traded as well as other factors such as brokerages and commissions.
For example, if you’re using Zerodha Kite, then it charges only Rs 20 per order for intraday trades and zero brokerage charges for delivery trades.
You can start with Rs 10000, but if you’re looking to invest more then it is advisable to consult a financial advisor or wealth manager before making any decisions.
Finally, it is important to remember that trading requires knowledge and expertise so make sure you do your research and educate yourself about the markets before investing.
Best Trading Platforms in India – FAQs
The best trading platform in India depends on your individual needs and preferences. I recommend Zerodha Kite, Upstox Pro, Sharekhan Mini, ICICI Direct Trade Racer, Motilal Oswal Trader Terminal, Angel Speed Pro, or Kotak Stock Trader for a great trading experience.
Yes, online trading is safe provided you use a trusted and regulated broker such as Zerodha or Upstox who follows all the regulations and guidelines set by SEBI (Securities Exchange Board of India). Also, ensure that you use secure networks while accessing your account to keep it safe from cyber threats.
Carries investment risks such as market volatility, lack of liquidity, and leverage risk among others so it is important that you educate yourself about these risks before investing in any instrument. Also, ensure that your broker provides adequate risk management tools such as stop-loss orders to protect your investments from losses.
When selecting a trading platform, you should consider factors such as cost, features, ease of use, security, and customer support. Make sure the platform offers advanced charting capabilities along with other technical analysis tools that can help you make informed decisions. Also, ensure that the platform is reliable and provides excellent customer service.
Trading involves risks such as market volatility, lack of liquidity, leverage risk, and other factors so it is important that you understand these risks before investing in any financial instrument. Make sure to use tools such as stop-loss orders to help minimize losses and maximize profits. Additionally, seek professional advice from financial advisors or wealth managers if needed.
Wrap Up
Selecting the right trading platform in India is an important decision that requires careful consideration. It is important to compare the features, fees, and other factors before choosing one.
In addition, it is crucial to understand how much money you need to start trading and get familiar with the financial markets before investing.
To sum up, if you do your research and choose a reliable platform with low fees then you can have a successful investment journey!
As you can see, there are many types of trading platforms available – ranging from mobile to browser-based to desktop-based.
Each platform has its own set of features and fees so it is important to compare them before making a decision.
Additionally, it is also important to remember that trading requires knowledge and expertise so make sure you do your research and educate yourself about the markets before investing.
