8 Best trading apps in India to make money

You might be wondering why trading apps are becoming so popular in India. Let me tell you that trading apps have changed the way people invest in stocks and other financial aspects. These apps make trading activities easy, smooth, and fast which are right at your fingertips.

In India, more and more people are starting to trade online. It’s not just for experts anymore. Even if you are new to trading, you can start with these apps. That’s why it’s very important to choose the best trading apps in India.

My team members are also actively engaged in investment and trading activities. So I tried to get a good idea of apps for trading in India. I have contacted all my relatives, friends and team members to ask which app they use for trading and all such activities.

And based on their reviews and feedback, I am creating this blog post. I have listed these best trading apps in India for you by considering all the possible points regarding the trading app.

So, let’s jump to our main topic and know which app is suitable for you as per your needs and see how the apps can help you grow your money.

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Comparisons of Best Trading Apps In India (Tabular Form)

I have gathered the information required to create a comparison table for various trading apps as per your request. The table includes details on the name of the app, its special features, star ratings, and the charges associated with each app:

Zerodha Kite

Zerodha Kite is a popular and best trading app in India and you can use the app on both Android and iOS phones. The name is already well known in the finance market and I personally use Zerodha for trading and investing. You can trade on big Indian stock exchanges like BSE, NSE, and MCX.

You can trade with over 5,000 companies from the NSE and BSE stock exchanges. Zerodha gives you many options like trading in equities, futures, options, currency derivatives and applying for new IPOs. They have over 2000 direct investment funds and government bonds to choose from.

What I like about the app is that it is easy to use and has great charting tools and features for alert notifications that are useful for trading. You can also close multiple trading positions with just one click.

Why I Selected Zerodha Kite:

• It has a smooth UI and is easy to use.
• Gives you advanced tools for charting with 100+ technical indicators
• Supports many trading segments.
• Offers different trading products to suit your needs.
• It is available for both iOS and Android users
• A newly launched feature called the “sticky order window”

Pros and Cons of Zerodha Kite:

Details about Zerodha Kite

• Price: Free basic features
• Account Opening Charges: ₹200 (online), ₹500 (offline)
• Brokerage Charges: Free
• Trading Annual Maintenance Charges: ₹300
• Ratings: 4.1 (Playstore) | 3.4 (Appstore)
• Number of Downloads: 10M+ (Playstore only)
• Charts: Good charting tools with 100+ indicators
• IPO Application: Yes, through UPI in Zerodha Console or your bank
• Currency Trading: Yes
• Commodities Trading: Yes
• Time to Open Account: 1 day

Upstox

Upstox is a leading tech-first low-cost broking firm in India. It offers trading in various segments like equities, commodities, currency, futures, and options. The trading platforms, Upstox Pro Web and Upstox Pro Mobile provide features for trading, analysis, charting, and many more.

The best part is that you can use Upstox on your mobile phones as well as on web browsers. The app is supported and funded by big investors Kalaari Capital and Ratan Tata.

The Upstox app offers a Margin Trading Facility (MTF) for about 377 stocks. You can borrow up to Rs. 25,00,000. For every Rs. 40,000 you borrow, there’s a daily interest charge of Rs. 20. For intraday trading, Upstox provides a leverage of 5 times. And for the Futures and Options (F&O) intraday trading, the leverage is 1.33 times.

If you are a futures and options trader then this app is beneficial to you. Even it is equipped with features like TradingView with over 100 indicators and various drawing tools for technical analysis. The app provides a dedicated support team by phone, email, or live chat with timings from 8 a.m. to 5 p.m. on business days.

Why I Selected Upstox

• Low-cost brokerage firm with trading opportunities at unbeatable prices.
• Offers different trading segments.
• User-friendly mobile and web trading platforms.
• Backed by reputable investors.
• Advanced trading features and tools.
• Invest in gold, IPOs and Mutual funds
• Offers 5X leverage on intraday trading.

Pros and Cons of Upstox

Detailed Information About Upstox

Sure, here are the details about Upstox in bullet points:

• Price: Free account opening
• Account Opening Charges: Rs 0 (Free)
• Brokerage Charges: Rs 20 or 2.5% per order (whichever is lower) for equity delivery; Rs 20 or 0.05% for equity intraday
• Trading Annual Maintenance Charges: Rs 150 per year
• Ratings: 4.6 (Playstore) | 4.2 (Appstore)
• Number of Downloads: 10M+
• Charts: Advanced charting tools available
• Apply to IPO: Yes, through the UPI payment mechanism
• Currency Trading: Available
• Commodities Trading: Available
• Time to Open Account: 1 Day

Groww

Groww was started in 2016 in Bangalore. It offers low-cost services for investing in shares, IPOs, and mutual funds. First, it was only for mutual funds. Now, it also offers many more options like Equity trading and more.

The UI and design of the Grow app are so simple that even beginners can easily operate the Grow app without getting confused. The account setup process is very much smooth and fast. Using the app you can trade shares, apply for IPOs, and invest in mutual funds, gold and stocks.

One of my friends is using Grow app to invest his money and he said that he is very satisfied with the good customer support. And you can search the Play Store yourself and see the star rating and reviews by the users. Most of the users have given positive feedback to this app. And yes personally I found the app is very strict for its safety and security.

Why I Selected Groww

• It has many options like Equity, IPO, and mutual funds.
• Simple fees: Rs 20 per trade.
• You can track daily Indian indices performance.
• You can open an account online for free.
• The app offers AI signals for different trading types.
• There are no charges for opening an account or yearly fees.
• You can invest in gold, deposits, Indian and US stocks, mutual funds, and more.
• It has a mutual funds calculator built in.

Pros and Cons of Groww

More Details About Groww

• Account Opening Charges: Free.
• Brokerage Charges: Rs 20/order for Intra-day, F&O; Free for equity delivery.
• Trading Annual Maintenance Charges: Free.
• Ratings: Playstore: 4.5, Appstore: 4.4
• Downloads: 10M+
• Charts: Available
• Apply to IPO: Yes.
• Currency Trading: No.
• Commodities Trading: No.
• Account Opening Time: 1-2 days

Angel One

Angel One (formerly Angel Broking) is one of the best trading apps in the Indian market. The Angel One was started in 1987. Over the years, it has gradually grown into a complete service broker. They focus on online discount broking.

After opening the app, you will see different options like stock, equity trading, commodities trading, and even portfolio management.

The app even provides financial advice. You can start trading in different categories with just Rs 20 per trade. And yes, the equity Delivery is also free for all users. Angel One has a presence in over 1000 locations in India and provides its services to its 1M clients.

Why Angel One is a Top Pick:

• Zero account opening fees and competitive brokerage charges.
• Offers equity trading, F&O, commodities, PMS, mutual funds, and insurance.
• Over 1 million clients and a vast network of sub-brokers.
• More than 30 years in the brokerage industry.
• You get detailed research reports and advice.
• It provides more than 40 technical indicators.

Pros and Cons:

Details About Angel One:

• Price: Affordable pricing model.
• Account Opening Charges: No charges for the Demat account, Rs 600 for a trading account.
• Brokerage Charges: Rs 20 or 0.25% per order, whichever is lower, for most segments.
• Trading Annual Maintenance Charges: Free for the first year, Rs 450 from the second year onwards for the Demat account.
• Ratings: 4.3 (Playstore) | 4.2 (Appstore)
• Number of Downloads: 10 M+.
• Charts: Advanced charting tools for in-depth analysis.
• IPO Application: Yes, users can apply to IPOs.
• Currency Trading: Available.
• Commodities Trading: Available.
• Time to Open Account: 1 day

5Paisa

5Paisa is an established online stockbroker in India offering discount brokerage services at competitive rates. The company is part of IIFL and has more than 1.2 million clients. You can trade in stocks, commodities, and currencies on major exchanges like BSE and NSE with 5Paisa.

The platform charges a flat fee of Rs. 20 per order across various segments like Equity Delivery, Intraday, F&O, and Currency Derivatives. This is a good deal because no matter how big your trade is, the fee stays the same. 5Paisa is more than just trading because you can also invest in mutual funds, gold, and even US stocks. 

The platform provides a special tool for mutual fund investments. Using this best trading app, you can select the right tool to pick the right funds depending on your risk level. You will get options of commodity trading and you can use this service on MCX (Multi Commodity Exchange) and NCDEX (National Commodity & Derivatives Exchange)

But the bad part that I didn’t like is that they have high charges for some transactions and their research services aren’t available in the basic plan. But overall, 5Paisa is a solid choice for trading and investing in India.

Why 5Paisa was selected:

• Their flat Rs. 20 fee per order is budget-friendly.
• There is no brokerage on equity delivery.
• Offers stock trading, currency trading, mutual funds, and more.
• Available on multiple platforms – web, mobile, and desktop.
• Regulated by SEBI, ensuring reliability and trustworthiness.
• 24/7 customer support and part of BSE and NSE.
• Offers a BSDA Account with lower AMC for small investors.
• It provides Advanced charting tools.
• Brings new features like One-click order placement.
• You will get historical map data.

Pros and Cons:

Details about 5Paisa:

• Account Opening Charges: Regular Account – Rs. 100 per year; BSDA Account – Rs. 0 per year (for holding up to Rs. 50,000).
• Brokerage Charges: Flat Rs. 20 per order for equity delivery, intraday, and F&O segments.
• Trading Annual Maintenance Charges: As mentioned above for account types.
• Ratings: 4.3 (Playstore) | 4.2 (Appstore)
• Number of Downloads: 1Cr+ downloads
• Charts: Offers advanced charting tools for technical analysis.
• IPO Application: Yes, users can apply to IPOs.
• Currency Trading: Available.
• Commodities Trading: Yes.
• Time to Open Account: Quick and user-friendly process.

Paytm Money

Paytm Money is also gradually becoming a good option for business activities and investments. It is part of Paytm and was launched in 2017. I think every Indian should know about Paytm and many of you might have also invested in Paytm stock. The good thing is that it is completely managed by SEBI. You can use it for mutual funds, stocks, gold and more.

I have tried Paytm Money to explore some of its features and I am quite happy with the platform. Using Paytm Money, you can keep track of up to 50 stocks in your watchlist. It also offers many more options for investment like stocks and gold. You get timely alerts for prices along with excellent support and data security.

You can simply download Paytm Money for free from the Playstore and there are no charges to maintain your account. Not only this, investing in mutual funds is also free. But, you have to pay Rs 15 for each trade. This app is a great option for you if you want a simple way to handle different financial services.

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Why Paytm Money was selected:

• Access to stocks, mutual funds, digital gold, and more.
• Charges only Rs. 10 per trade for equity delivery, intraday, and F&O trades.
• Transparent pricing with no hidden fees on mutual fund investments.
• Regulated by SEBI, ensuring trust and safety.
• Supports UPI, net banking, and debit cards for easy transactions.
• Invest in mutual funds, IPOs, equities, and NPS.
• Features like All-in-One SIP, SIP Calculator, and Investment Packs.
• Provides 1% higher returns with direct mutual funds.
• Free trading calls and research reports.

Pros and Cons:

Details about Paytm Money:

• Account Opening Charges: Rs 200.
• Brokerage Charges: Rs 10 per trade for equity delivery, intraday, and F&O trades.
• Trading Annual Maintenance Charges: Information not specified.
• Ratings: 3.8 (Playstore) | 4.5 (Appstore)
• Number of Downloads: 10M+
• Charts: Provides access to over 7,000 equity shares listed on NSE and BSE.
• IPO Application: Yes, users can apply to IPOs.
• Currency Trading: No.
• Commodities Trading: No.
• Time to Open Account: 1-2 days.

IIFL Markets Mobile App

The IIFL Markets Mobile App is another great tool for trading and investing. This platform also allows you to buy and sell shares, commodities, options, and mutual funds. It covers big markets like BSE and NSE.

You can trade in different things like stocks, gold, and money from different countries. They have a dedicated app just for mutual funds.

IIFL Securities was started in 1995 and gradually established its name in the finance industry. The platform strictly follows SEBI regulations and has also set up its offline office with multiple employees and branches nationwide.

The app gives live updates, lets you set up your watchlist, and sends you price alerts. It even has news about the Indian stock market and in-depth analysis of companies and the economy. You can get support from IIFL Securities using its chat, phone, WhatsApp and email facilities

Why I Selected IIFL Markets Mobile App:

• You get access to different financial instruments including stocks, commodities, currency pairs, and derivatives.
• Regulated by SEBI that means you will get a secure trading environment.
• The app provides advanced features like live market updates, custom watchlists, and technical charting tools.
• They give access to mutual funds and IPOs.
• You can get help at their branches.
• Their dashboard shows details for indices, commodities, and currencies.
• You get live updates on companies and markets.
• The ‘Call’ feature gives intraday tips.

Pros and Cons:

Details about IIFL Markets Mobile App:

• Account Opening Charges: Rs. 295.
• Brokerage Charges: Equity Delivery – Rs. 0; Equity Intraday, Futures – ₹ 20 or 0.05% (whichever is lower); Equity Options, Currency Futures & Options, Commodity F&O – ₹ 20; Direct Mutual Funds – 1% to 1.5% for regular mutual funds.
• Trading Annual Maintenance Charges: Rs. 0 for the first year.
• Ratings: 4.4 (Playstore) | 4.4 (Appstore)
• Number of Downloads: 5M+
• Charts: Advanced charting tools are available.
• IPO Application: Access to IPOs on BSE and NSE.
• Currency Trading: Available.
• Commodities Trading: Available.
• Time to Open Account: 2 days

Motilal Oswal

Motilal Oswal is a last but not the least name in our list of best trading apps in India. This platform has a lot of experience because they have been in the business for over 35 years with more than 50 lakh clients.

They offer services in stocks, commodities, currency, and derivatives, and also provide options like mutual funds, IPOs, US stocks, and more. The Motilal Oswal allows trading across all exchanges like BSE, NSE, and MCX.

They also help you make smart investment choices. You get free advice every day and access to some cool tools. These tools can help you decide where to put your money. In addition to this, they provide a special service for buying shares in companies that are not listed on the stock market.

But, there is one thing that you should know about the platform. They charge more for brokerage than some other brokers. And, they don’t offer a 3-in-1 account like some other companies do.

So, if you are looking for the best trading app in India that gives you lots of options and expert advice, Motilal Oswal is a good choice. Just remember, they might charge more for some services.

Why Choose Motilal Oswal?

• Long experience – They know the industry well.
• No charge for Equity Intraday Trading.
• The first month of Futures and Options brokerage is free up to Rs 1,000.
• Lots of investment options – Stocks, commodities, currencies, and more.
• You get many products like PMS and AIFs.
• Up to 4X margin on selected stocks.
• Free research and advice daily.
• Free trading software.
• Special Options Store for advanced strategies.
• Exclusive Smallcase options for beginners.
• Stock SIP feature – for regular investing.
• Access to the StoCoMo investor community.
• Provides access to wealth management services.
• Trade digital gold easily.

Pros and Cons

Details about Motilal Oswal

• Account Opening Charges: Free for both Trading and Demat accounts.
• Brokerage Charges: Varies, 0.20% for Equity Delivery, free for Equity Intraday, other charges apply.
• Trading Annual Maintenance Charges: Free.
• Ratings: 4.1 (Playstore) | 3.7 (Appstore)
• Number of Downloads: 1 CR+
• Charts: Available for various investments.
• IPO Application: Yes
• Currency Trading: Available.
• Commodities Trading: Available.
• Time to Open Account: 1 day

Key points to consider while choosing an app

When choosing a trading app, you should consider these important features:

1. User-Friendly Interface: Look for an app with simple UI and navigation. It will make trading easy for you.
2. Range of Financial Instruments: Choose an app that offers different investment options. Using this, you can diversify your portfolio.
3. Real-Time Market Data and Research Tools: The app provides up-to-date market data and tools for analysis.
4. Customization Options: Check if you can customize watchlists and set alerts according to your preferences or not.
5. Security Measures: Your app must have strong security to protect your money and personal information.
6. Performance and Reliability: Read reviews to learn about the app’s stability and speed. A good app should work smoothly without hanging or sudden closing of the app.
7. Cost and Fees: Understand the fees you will pay. Look at commission structures, transaction costs, and any other charges like for data subscriptions or advanced features.
8. Research and Analysis Tools: The app should have tools for both fundamental and technical analysis.
9. Platform and Accessibility: Decide if you need a mobile app for trading on the go or a desktop platform for more advanced features.
10. Regulatory Compliance and Customer Support: Ensure the app is legally compliant and offers good customer support. This is important during important trading times.
11. User Feedback and Reputation: Research other traders’ experiences with the app. Consider the app’s reputation in the industry.
12. Features: When you pick a trading app, look for things that help you trade better. This means tools for making good charts, different ways to place your orders, learning materials, and options for trading automatically.

Benefits and Loses of using Trading Apps to make money

Good Things About Using Trading Apps:

1. No or Little Fees: Now, you can trade stocks and ETFs on many apps without paying fees.
2. Start with Small Money: On many apps, you can start investing with a small amount. You don’t need a big deposit. Some apps provide options to buy parts of expensive stocks with just a little money.
3. Learn Easily: Many apps give you tools to learn about investment basics and smart strategies. They also give you the latest news about stocks and companies.
4. Simple to Use: Trading apps are very easy to use and even a beginner can check his/her investments and start trading.
5. Smart Investing for Everyone: Mobile apps have made it possible for more people to invest. Now, anyone with a smartphone can be part of the stock market.

Downsides of Using Trading Apps:

1. Games Lead to Risks: Some apps provide game-like features. These allow new traders to take more risks.
2. You Decide Alone: Without taking guidance from any experts, you have to depend on your research and choices. This is sometimes hard for newcomers.
3. Lack of Advanced Tools: If you are an experienced investor, you don’t get very advanced tools on these apps.
4. Fewer Choices to Invest: Many apps only allow you to invest in stocks and ETFs only. They don’t include other options like mutual funds or real estate trusts.
5. Need Internet: If you don’t have Internet, you can’t start the trading activities.

Conclusion

When you are looking for a good trading app in India, think about what you need. Apps like Zerodha Kite, Upstox, Groww, Angel One, 5Paisa, Paytm Money, IIFL Markets and Motilal Oswal are all different.

Some are easy to use, some have low fees, and others have lots of options for trading. The best app for you depends on what you want to do with your money and how much you want to pay for trading. So choose the one that meets your needs and is easy to use.