Stock trading applications are miniature variations of a full-fledged stock trading platform that includes market access and mobile trading services.
You can download trading apps for fast platform access, trade, stream news, and get alerts. The best thing is that you will complete a couple of trades when you’re on your way to the office.
Trading with mobile apps has gone popular. In reality, in January 2020, 18.51 percent of NSE’s overall trade in cash was carried on mobile. 5Paisa Stock Broker has 70% of its mobile app business and 30% of its web app business.
Technology is now also one of the key factors for comparing stockbrokers, since most of the top stockbrokers charge about the same brokerages.
What do you mean by a Trading App?
Mobile trading apps are applications that help you to do stock trading, buy, sell orders, track stock prices, and so on. Stock exchange apps may be referred to as mini versions of full blown stock platforms. These give fast stock portal addresses, allow you to search all the news on the stock market, get updates, and place alerts. The greatest part is that you can do all of these things in a matter of minutes.
Things to Remember While Choosing a Best Trading App in India
1. Compatibility
Android and iOS devices are two of the most popular platforms for any kind of application. Apart from that, you’ve got a Windows platform.
Android is actually the most common mobile operating system. iPhones and iPads are working on the proprietary iOS platform. You need to know which platform is enabled by your mobile device.
If you have an older version, you will need to upgrade the app with the new version available. You will still need to update your old mobile phone to support the app in a very rare case.
2. Number of Downloads
The number of downloads provides an indication of the success of the stockbroker and the mobile app.
Generally a higher number of downloads mean that the app is the most popular. Success with any trading app depends on how quickly the app makes you deal and fulfills other trading criteria, such as money transfer.
3. User Experience
It should be quick to navigate the best trading apps. They need to provide an elegant interface with all the requisite buttons to display indicators charts and the ability to trade preferably from a single location.
Mobile applications need to be less cluttered, allow trading and live streaming of quotes.
4. Supports Technical Indicators and Studies
If you are using some specific indicator or advanced trading maps, double-check that the app supports the particular indicator.
Test the chart accuracy of the trading app. Stock trading applications will need to support dynamic charts along with historical and trending visuals.
5. App Ratings and Reviews
The ratings of existing users can include first-hand information on any stock trading app.
But you need to make sure the reviews are genuine and have real information. Fake feedback will be one-line or short sentences. They can only contain the app’s praises.
Uses of Trading App in India: Advantages of Stock Trading Apps
1. Place orders easily
Placing orders on mobile applications is much easier and faster than doing the same on desktop terminals.
2. Access to Market Data at your fingertips
You can have access to live market data, including stock indices, currencies, derivatives, etc. through mobile trading apps. This will enable you get a quick understanding of the stock and the underlying assets.
3. Get Alerts
The best Indian trading apps have a notification facility where you can set up any notifications or warnings you want. For example price changes, exchanges, brokerages, etc.
4. Live Stock Market News
You can also track live news concerning a specific development or change in a stock.
5. Historical Charts and Research Reports
You will also be able to access a variety of historical statistics, stock prices and other analytical resources to help you better analyze them.
Best Trading Apps in India for Beginners 2020
Here is the list of best trading apps in India to invest in the stock market with a comparison of rating, reviews and no of installs so that it’s easy for you to choose the right one as per your requirement.
1. Best Trading app in India: 5 Paisa Mobile Trading App Review
5 Paisa mobile trading app is the best trading app in India that offers a one-click order placement.. For research work, one has access to specialized charts with a broad variety of analysis & drawing functionality.
When trading, the app lets you access 5 Paisa research & advisory items such as Smart Investor, Screeners, Sensibull and Small Cases.
You can personally invest in mutual funds, purchase digital gold, and take out personal loans from the app itself.
5Paisa trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.4 | 3.5 |
| No. of Reviews | 39,719 | 1.9K |
| App File Size | 28 MB | 176.9 MB |
| Compatibility | Android 4.1 & above | iOS 9 & above |
| Installs | 1 million+ | — |
Pros:
- 100+ predefined stock screeners
- Access to advisory products
- Can buy gold, insurance, Mutual fund and personal loan
Cons:
- 176.9 MB app size for iPhones
- Inadequate customer service
2. Zerodha Kite Mobile Trading App Review
Kite mobile trading app is a miniature version of Zerodha’s bio-access trading platform.
New investors can exchange easily using a clean and intuitive user interface with a super-lit backend in dark mode.
Special Kite trading has built-in console reports to let you know expert views when trading and developing strategies accordingly.
One has access to specialized charts and an IQ chart that gives a real-time understanding of patterns and price movements. You will have a seamless username and access to other Zerodha applications and utilities like Coin, Varsity, and Sentinel.
Zerodha charges flat Rs. 20 brokerage services for intraday and F&O trading. Delivery stores are free of charge. Finally to conclude this is the best trading app in india.
Zerodha trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 3.9 | 3.2 |
| No. of Reviews | 26,013 | 154 |
| App File Size | Varies with devices | 65.7 MB |
| Compatibility | Android 5 & above | iOS 9.3 & above |
| Installs | 1 million+ | — |
Pros:
- Biometric access
- Embedded console reports & Chart IQ
- Seamless login into other Zerodha apps
Cons:
- Rating of below 4 on Google play store
- Missing trade totals information and margins details.
3. UpStox Pro Mobile Trading App Review
UpStox Pro lets you deal in shares, equity derivatives and F&O money. You can exchange directly from charts using the “Trade from Charts” (TFC) facility.
Upstox Trading App carries in advance charts with various periods, types and drawing forms where you can apply upwards of 100 technical indicators in real-time.
The app has a clean, clutter-free, intuitive look.
In addition, you can access the predefined watch list, create a personalized watch list, receive market feeds in real time, and configure an infinite number of price alerts.
To improve visibility, the app lets you switch between day and night modes. The Upstox Pro mobile trading app can be downloaded free of charge.
UpStox charges Rs. 0 on distribution and Rs. 20 on intraday and F&O purchases. The account opening is paperless and you can use the app directly.
If you open your account today, you will get additional benefits like
- Free account opening
- Zero brokerage for 30 days
- Free Moneycontrol annual subscription worth Rs 1999
Upstox trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.1 | 3.3 |
| No. of Reviews | 32,639 | 1.3K |
| App File Size | Varies with devices | 63.7 MB |
| Compatibility | Android – varies with devices | iOS 11 & above |
| Installs | 1 million+ | — |
Pros:
- Easy to trade with a clean interface
- Option to trade directly from charts
- Can set unlimited price alerts & customized watchlist
Cons:
- Compatible with iOS 11 and above
4. Edelweiss Mobile Trading App Review
Edelweiss Trading Software has a simple single-touch fingerprint login. You have access to research while you’re trading.
The application provides real-time live stock prices and tick charts to hold you up-to-date and help you evaluate the market instantly.
You will have a “Preset Custom Watchlist” based on your chosen filters and a Sensex Tracker to detect trading opportunities.
The software also helps you to invest in mutual funds.
Edelweiss trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.5 | 4.2 |
| No. of Reviews | 21,414 | 866 |
| App File Size | 32 MB | 153.2 MB |
| Compatibility | Android 4.1 & above | iOS 9 & above |
| Installs | 500,000+ | — |
Pros:
- Live streaming of stock prices
- Single touch biometric login
- 4.5 Rating on Google Play store
Cons:
- Only 17 technical indicators
- 153.2 MB large file size for iPhones
Best Online Trading App in India 2020
5. Best Online Trading App in India: Angel Broking App Review
The Angel app provides 40 technical chart indicators and overlays for technical research and trading. The app comes integrated with Angel’s ARQ tool to boost portfolio performance.
The app features an intuitive style and a clean interface.
One can access the past ten transactions for Ledger, Funds and DP reports directly from the app.
Angel Broking trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.0 | 3.7 |
| No. of Reviews | 40,114 | 1.8K |
| App File Size | 32 MB | 114.9 MB |
| Compatibility | Android 4.2 & above | iOS 9 & above |
| Installs | 1 million+ | — |
Pros:
- Integrated ARQ tool
- Access to advisory calls and research reports
- Intuitive interface
Cons:
- Only 40 Indicators and limited overlays
- Cannot invest in IPO, and bonds
6. HDFC Securities Mobile Trading App Review
The HDFC Trading App in india has a safe biometric login with fingerprint and facial recognition. You will purchase and sell orders from the watch list itself.
The HDFC trading app provides intraday real-time charting and instant access to innovative investment ideas.
Apart from investing in equities and options, the app will invest in gold and NCD. In addition, the app has built-in chat features with the support staff to easily resolve issues.
However there are poor reviews of the login issues.
HDFC Securities mobile trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.3 | 3.9 |
| No. of Reviews | 49,483 | 2.1K |
| App File Size | 14 MB | 54.4 MB |
| Compatibility | Android 4.4 & above | iOS 9 & above |
| Installs | 1 million+ | — |
Pros:
- Biometric login
- Option to invest in gold and NCD
- Access to trending investment ideas
Cons:
- Login issues
- Hard to view details on the white interface
7. IIFL Markets Mobile Trading App Review
The IIFL market provides expert tips and analysis on over 500 stocks while trading on their mobile app. You can create several watch lists of up to 50 files for each list.
The app offers smart dual-stock watches in multiple segments (equity, F&O, product and currency) to better manage the portfolio.
You can also invest in IPO, OFS (Offer for Sale) via the app.
IIFL Markets mobile trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.3 | 3.6 |
| No. of Reviews | 36,891 | 623 |
| App File Size | 17 MB | 178 MB |
| Compatibility | Android 4.1 & above | iOS 9 & above |
| Installs | 1 million+ | — |
Pros:
- Option to invest in IPO
- Intelligent dual stock watch
- 17MB light Android App
Cons:
- 3.6 rating on the Apple store
- 178 MB large app size for iPhones
8. MO Investor Mobile Trading App by Motilal Oswal
Motilal Oswal (MO) The Investor app combines ACE (Advise on Shareholders Combination) with an investment strategy based about something.
The app provides bulk order functionality to help you perform several orders in a single click.
The app offers multiple time frame charts (1 minute to 5 years). And you only have 9 technical metrics for chart analysis.
The app has a good interface with the ability to buy gold and invest in mutual funds.
However, there are reviews of the prices not getting updated real-time and slow loading of charts.
Motilal Oswal trading apps details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 3.9 | 3.9 |
| No. of Reviews | 30,162 | 1.1K |
| App File Size | Varies with devices | 98.4 MB |
| Compatibility | Android – varies with devices | iOS 10 & above |
| Installs | 500,000+ | — |
Pros:
- Bulk order placement function
- Integrates algo investment strategy
Cons:
- Average user interface
- Slow price update and chart load
9. Kotak Stock Trader Mobile App Review
The Kotak Stock Trader app enables you diversify your trading portfolio by enabling you to invest in IPO, Mutual Funds, ETF and Bonds.
You can set up a customized watch list and track markets live with charting technology. The unique feature is that you can sell directly from the place view page.
However, there are reviews of customers getting automatically logged out of the app and the Apple apps store has a 2.9 rating.
Kotak Securities mobile trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.2 | 2.9 |
| No. of Reviews | 29,386 | 718 |
| App File Size | 8.6 MB | 77.7 MB |
| Compatibility | Android 4.4 & above | iOS 9 & above |
| Installs | 500,000+ | — |
Pros:
- Helps to invest in IPO, Mutual Funds, ETF & Bonds
- Allows selling from the positions view page
Cons:
- Average user interface
- 2.9 low Apple store ratings
10. Sharekhan Mobile Trading App Review
Sharekhan trading app lets you trade smart live charts of various time frames (1 minute to 1 year).
The app has a pattern finder for new business ideas. The Sharekhan Online Trading Academy courses can be obtained from the app itself.
The app has a black and white theme to enhance your trading and viewing experience. The app keeps you logged in even after closing the app you do not need to log in every time.
However, there are customer complaints that the app asks for frequent password change.
Sharekhan full broker trading app details (App store details)
| App Details | Google Play Store | Apple Apps Store |
| Rating | 4.0 | 2.9 |
| No. of Reviews | 28,232 | 1.6K |
| App File Size | 7.6 MB | 238.9 MB |
| Compatibility | Android 5 & above | iOS 9 & above |
| Installs | 1 million+ | — |
Pros:
- 1 minute to 1-year charts
- Stays logged-in even after closing the app
- Black and white theme
Cons:
- Keeps logged in even after closing the app
- 2.9 low Apple store ratings
Conclusion
Picking one of the best trading apps is significantly related to the stockbroker you want for your trading and investment needs.
Open Upstox account to use the Upstox app and experience 30 days of zero brokerage.
5Paisa is one of the biggest stock brokers with flat Rs. 10 platinum & titanium brokerage commissions. The 5paisa app is useful for beginners and experienced traders.