Best trading apps in India

11 Best Trading App in India 2020 (Review & Comparison)

Trading terminals have gone small with the invention of apps. The trading activity that happened once on stock exchange floors (in the ‘90s) is now possible in just a few clicks, that too from the comfort of home.

The trading apps have made life easy for a trader, as one can, now, access any platform and charting tools anytime, from anywhere. Almost all stock brokers offer a free-to-download trading app when you open a demat and trading account with the broker.   

However, all the trading apps are not built equal in terms of usability, app size and compatibility, which is evident from the app ratings and popularity. Below you can find the list of best trading apps in India. 

Best Trading App in India for Beginners 2020

#1. Zerodha Kite Trading App 

Zerodha Kite app

Zerodha Kite trading app is simple to use and super fast with ultra-light back-end. The app is uncluttered, easy to navigate and has a clean and intuitive user interface.

The Kite app has embedded console reports, widgets and TradingView charts with 100+ indicators.

You can access a low flat brokerage of Rs. 20 per executed trade fees of Zerodha through the Kite app. 

Requirement to use the app – You need to open an account by registering your email id with Zerodha.

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating4.13.5
No. of Reviews92,1701.5K
App File SizeVaries with devices67.9 MB
CompatibilityAndroid 5 & aboveiOS 9.3 & above
Installs1 million+

Pros

  • Universal stock & other instrument search 
  • Advance charts with 100 technical indicators 
  • Multiple market watch and live market depths

Cons

  • Hang in the late trading hours
  • Slow when using a 1-minute chart

Best For – Cost-conscious beginners traders

#2. 5Paisa Trading App

5Paisa Trading App

You can access 5Paisa research & advisory products like Smart Investor, Screeners and Sensibull on the app when you are trading.

The 5Paisa app helps you live track market, transfer funds easily, use charting function and one-click order placement. You can also use the app for investing in top mutual funds.

Requirement to use the app – 5Paisa app has a guest login option, but the full trading is possible when you open a trading account online with 5Paisa.

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating3.93.8
No. of Reviews62,8514.9K
App File Size19 MB155.6 MB
CompatibilityAndroid 4.1 & aboveiOS 11 & above
Installs1 million+

Pros 

  • Access to – Smart Investors, Screeners, Sensibull
  • Can buy gold, insurance, mutual fund and personal loan 
  • One-click order placement

Cons

  • Large app size of 155.6 MB on iOS
  • Requires more internet bandwidth

Best For – 5Paisa app is best for beginner traders looking for an easy app with low brokerages of Rs. 10 per executed order.

Best Stock Trading App for Beginners in India 2020

#3. Upstox Pro Stock Trading App

Upstox Pro Stock Trading App

Upstox Pro stock trading app helps you to directly trade from charts using the “Trade From Charts” (TFC) facility.

Upstox Pro app offers multiple interval charts and multiple types and drawing styles. You can apply over 100 technical indicators. You can access predefined Nifty watchlist and set unlimited price alerts for instant updates

Requirement to use the app – Need to download the app from the play store and open a demat & trading account with Upstox. 

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating4.12.7
No. of Reviews87,3062.6K
App File SizeVaries with devices61.8 MB
CompatibilityAndroid – varies with devicesiOS 11 & above
Installs1 million+

Pros 

  • 100+ technical indicators 
  • Easy to trade with a clean interface
  • Option to trade directly from charts

Cons

  • Heavily loaded with features that you may not use frequently
  • Low 2.7 Apple store ratings

Best For – New traders in need of sophisticated charting tools & indicators

#4. Angel Broking Stock Trading App

Angel Broking Stock Trading App

You can access Angel iTrade Prime on the app that has premium services with simplified pricing.

Angel app offers 40 technical indicators and overlays with live streaming of prices and latest market trends. The app comes integrated with the Angel’s ARQ tool for improving portfolio performance. 

Requirement to use the app – An iOS or Android smartphone and an angel broking trading account.   

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating3.73.7
No. of Reviews78,7164.8K
App File Size33 MB128.9 MB
CompatibilityAndroid 4.2 & aboveiOS 9 & above
Installs1 million+

Pros 

  • Advisory calls, detailed research reports
  • Integrated ARQ tool
  • Online payment through over 40 banks in India
  • Mutual funds investment through the app

Cons

  • Cannot invest in bonds
  • Charts and price update lagging
  • App freeze & getting stuck

Best For – New traders requiring best stock trading app and research advisory

Best Online Trading App in India 2020

#5. Sharekhan Mobile Trading App

Sharekhan Mobile Trading App

Sharekhan mobile trading app gives access to live charts (Renko, Line, Candlestick, Bar, Area) with time frames of 1 minute to 1 year. 

You get new trading ideas on Pattern Finder. The app has a black and white theme in-depth market stats of stocks, futures, and options.

But there are reviews that the app asks for frequent password change.  

Requirement to use the app – Have a compatible smartphone and access to the Sharkhan trading and demat account. 

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating3.92.9
No. of Reviews35,1551.8K
App File Size7.6 MB219.7 MB
CompatibilityAndroid 5 & aboveiOS 9 & above
Installs1 million+

Pros

  • 1 minute to 1-year charts
  • Pattern finder
  • Black and white theme

Cons 

  • 2.9 low Apple store ratings
  • Keeps logged in even after closing the app

Best For – Traders who require Sharekhan’s advisory services and tools

#6. Edelweiss Online Trading App

Edelweiss Online Trading App

Edelweiss trading app offers a customizable watchlist with 100+ stocks, market updates & alerts and track trends facility.

You can log in using a single touch fingerprint. The app also lets you invest in mutual funds & NCDs.

Requirement to use the app – You can download the app for free from the Apple or the Google Play store and can use it after opening a trading account with Edelweiss.

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating4.64.2
No. of Reviews27,564918
App File Size49 MB155.1 MB
CompatibilityAndroid 4.1 & aboveiOS 9 & above
Installs1,000,000+

Pros

  • Live streaming of stock prices
  • Single touch biometric login
  • Allows investment in mutual funds & NCD

Cons 

  • Only 17 technical indicators
  • 155.1 MB large file size for iPhones
  • The heavy app, more than 37 MB
  • Relatively high brokerage

Best For – Young traders who do not intend to use many charts but require hand-holding while trading & investing. 

#7. Stock Note Online Trading App 

Stock Note Online Trading App

Stock Note app is powered by Giga Trading Engine. The engine combines AI and advanced analytics to identify trends, patterns and trading opportunities. 

StockNote offers one-touch trading, stock alerts, trends and top news on the go. The app has an intuitive and conversational order placement feature with easy portfolio monitoring.

Requirement to Use the App – An online trading account with Samco. 

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating3.83.5
No. of Reviews6,930217
App File SizeVaries with devices199.7 MB
CompatibilityAndroid 4.4 & aboveiOS 9 & above
Installs100,000+

Pros

  • Giga trading engine with AI and advanced analytics
  • One-touch trading
  • Easy portfolio monitoring

Cons 

  • 199.7 MB file size on Apple app store
  • Slow loading speed
  • Back-office is not integrated into this app

Best For – Traders requiring AI and advanced analytics on a simple to use platform

#8. MO Investor OnlineTrading App 

MO Investor OnlineTrading App

Motilal Oswal (MO) Investor app integrates ACE (Advise on the combination of equities), an algo based investment strategy.

On MO app you have access to detailed 1 minute to 5-year historical charts, live updates, instant fund transfer and MO ChatBot. But, there are reviews of the prices not getting updated real-time and slow loading of charts.   

Requirement to use the app – Need to open a brokerage account with Motilal Oswal 

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating3.83.7
No. of Reviews34,5861.3K
App File Size6.1MB98.7 MB
CompatibilityAndroid – 4.2 and aboveiOS 10 & above
Installs500,000+

Pros

  • Offers algo investment strategy
  • Can invest in mutual funds
  • Integrates Robo wealth advisor & MO genie

Cons

  • Average user interface 
  • Slow price update and chart load

Best For –  Traders who require stock research and advisory services to build wealth.

Best Mobile Trading App in India 2020

#9. ICICI Direct Mobile Trading App

ICICI Direct Mobile Trading App

ICICI direct mobile trading app offers trade-in equity & F&O with access to ICICI research reports and stock tips.

On the app you get live stock quotes, a facility to track market movements, market research and portfolio on the go. 

Requirement to use the app – You should have a savings + demat + trading account with ICICI.

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating4.22.4
No. of Reviews19,876296
App File Size1.2 MB15.9 MB
CompatibilityAndroid 4.0 and upiOS 9.0& above
Installs1,000,000+

Pros

  • Invest in Mutual Funds, IPO, Bonds
  • Access to ICICI research reports & stock tips 

Cons

  • App log off when receiving a call
  • Need to refresh constantly

Best For – Traders who require hand-holding and research facility

#10. Fyers Markets Mobile Trading App

Fyers Markets Mobile Trading App

Fryers market app offers 20+ years of historical intraday charts with 65+ technical indicators to help you analyze the market and build strategy.

On the app, you get the most critical market insights, use inbuilt data analytics tools for trading ideas. Fryers Market has stock screening features from different sectors and indices.

Requirement to use the app – Download from the app store after opening an online trading account at Fyers. 

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating3.02.5
No. of Reviews2791127
App File Size15 MB42 MB
CompatibilityAndroid 4.4 & aboveiOS 11 & above
Installs50,000+

Pros

  • Real-time market data
  • Multiple market watch
  • 65+ technical indicators

Cons

  • Reviews of app crashing
  • Delayed refresh of market price 

Best For – Young traders looking for an easy to use the mobile trading app. 

#11. IIFL Markets Mobile Trading App

IIFL Markets Mobile Trading App

IIFL market app offers research and smart investor tools like smart portfolio, share screeners and portfolio tracking. 

Through the IIFL market app, you have access to detailed live market information, price alerts and in-depth analysis. Using the app you can also invest in IPO, OFS (Offer for Sale).

Requirement to use the app – You can start using the app after you have opened a trading account with IIFL

Other details (App store details)

App DetailsGoogle Play StoreApple Apps Store
Rating3.93.5
No. of Reviews41,733931
App File Size15 MB179.7 MB
CompatibilityAndroid 4.1 & aboveiOS 9 & above
Installs1 million+

Pros

  • Option to invest in IPO
  • 15MB light Android App 
  • Smart investor tools

Cons 

  • Low 3.5 rating on the Apple store
  • 179.7 MB large app size for iPhones

Features of Best Trading App in India

#1. Compatibility

Trading apps are made available in both the iOS (for Apple phones) and Android software to match your smartphone OS.

Before you select any of the stock trading apps make sure that the app is compatible with your present Android or iOS smartphone. Otherwise, you will not be in a position to use and run the specific app.

#2. Ratings 

The app ratings on the store indicate the popularity of the app. You also get to know more about the app by reading reviews and the problems that the app has.

The best way is to look for an app that has higher ratings and more number of positive reviews as compared to a low rated app.

#3. App Size 

Large app size will consume more of your smartphone memory space and impacts the overall smooth functioning of the smartphone.

Select and app that is light, offers a decent memory size for seamless online trading.  

#4. Usability Features

The clean interface and smooth user experience is a must for focused online trading. The app needs to be clutter-free and offer the essential tools and information needed to trade. 

The login, fund transfer and portfolio management should be intuitive and easy to use. 

Final Words

The stock trading apps have made our trading life smooth, convenient and easy. You can now trade even while traveling to the office or sitting from home.

Beginners traders can pick the Zerodha Kite trading app for its decent size, universal stock search, easy interface and 100 technical indicators.

Traders looking for research advisory, hand-holding and stock trading tips should go with Motilal Oswal’s MO Investor mobile trading app.