Just a few taps on your mobile phone and you get your Demat and Trading accounts linked with your savings account to start trading and investing in stock, currency and commodities. Here, we are listing the best stock trading apps for beginners that you can install in your mobile phone and start trading without a hassle.
1. Kite by Zerodha
Android ratings: 4.2/5 iOS ratings: 3.3/5
Features of Kite
Easy to navigate interface 6 chart types for evaluating market conditions Advanced order placing features like – brackets and cover, after market order (AMO), good till traded (GTT) etc. Important news coverage regarding stocks listed in the market and regulatory bodies Feature to pin favorite stock Supports multiple languages including English, Hindi, Kannada Telugu, Tamil, Malayalam, Marathi, Bengali, Gujarati, Punjabi and Oriya Feature to place limit to orders
Charges Levied by Kite
0 INR for equity delivery trades 20 INR or 0.03% (whichever is lower) for intraday trade and F&O
Cons of Kite
No feature to invest in mutual funds Provides no price alerts
2. Upstox Pro
Android ratings: 4.4/5 iOS ratings: 4.2/5
Features of Upstox Pro
Provides multiple trading options Easy to use interface Facilitates trading in stocks, commodities, mutual funds, digital gold etc. Charts with numerous indicators to help market evaluation Advanced order placing features like – brackets and cover, after market order (AMO), good till traded (GTT) etc. Price alerts for your favorite stocks Instant investing Provides stock related news Provides regular learning resources Provides trade margin
Charges Levied by Upstox Pro
0 INR on equity delivery, mutual funds and digital gold 05% up to 20 INR for intraday, F&O, Currencies and Commodities
Cons of Upstox Pro
Web version of the app is little complicated; not as user-friendly as the mobile app.
3. Angel Broking
Android ratings: 4.2/5 iOS ratings: 3.5/5
Features of Angel Broking
Readymade curated portfolio and option to be managed by experts Builds and manages your portfolio Low cost portfolio with small cases Option to invest and trade in international stocks (option for fractional investment as well)
Charges of Angel Broking
0 INR brokerage for delivery and other trades
Cons of Angel Broking
If one trade by calling each executed trade is charges at 20 INR
4. Groww
Android ratings: 4.3/5 iOS ratings: 4.5/5
Features of Groww
Option to invest in Indian and US stocks, gold, FD, mutual fund and F&O Provides learning resources Allows withdrawal of 50,000 INR or 90% of the invested amount in a day Advanced charts to help evaluation of market ISO 27001:2013 certified. All data and information are encrypted and safe
Charges of Groww
No account opening and maintenance charges 20 INR or 0.05% (whichever is lower ) per executed trade 20 INR for future and options trading
Cons of Groww
Advanced order options like brackets and covers, AMO etc are not available
5. 5paisa
Android ratings: 4.2/5 iOS ratings: 4/5
Features of 5Paisa
Trade option in stock, gold and commodities etc. Auto investing feature based on specific individual goals User-friendly interface Single click buy and sell transactions Charts with advanced features for market analysis Availability of research tools
Charges of 5Paisa
0 INR on mutual fund trading 20 INR per order 100 INR per ‘trade on call’ Power investor pack at 499 and ultra-investor pack at 999 per month
Cons of 5Piasa
Complex charging system
Conclusion
Today almost all leading stock brokers have their dedicated stock trading apps. We have listed the 5 of the best trading apps. Other names may include – Kotak Stock Trader App, Edelwise trading app, HDFC securities app, Fyers market app, IIFL market app, Sharekhan, Motilal Oswal and Sons etc. Comment * Name * Email * Website
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