So in this article we are going to see in detail information about the best trading apps in India in 2020.

                  India the craze of trading is going on increasing day by day. And that’s why we are here to help you to find out the best trading apps in India.

                  So before we begin I hope you that you have some basic knowledge about the trading, means what is trading? And how to trade?

So let’s begin with the list of the top 5 best trading apps in India :-

Rank

TRADING APP

RATINGS ON STORE

DOWNLOADS

Size

1.

Upstox Pro: Stock trading app for NSE, BSE & MCX.

4.0

122K reviews.

5M+ 



8.45 MB

2.

5 paisa:- Stocks, Share Market Trading App, NSE, BSE.

3.8

73K reviews.

5M+

17 MB

3.

Kite by Zerodha

4.3

127K reviews.

1M+

9.4MB

4.

HDFC securities Mobile Trading.

4.1

63K reviews.

1M+

13 MB

5.

OctaFX Trading App.

4.2

20K reviews.

1M+

30 MB

Now let’s discuss each best trading apps in India in details :-


PROS:


CONS:

  • Mobile trading app is available at no cost.
  • Margin Funding is not available on delivery trades.
  • Upstox offers brokerage free trading in Equity Delivery segment.
  • Doesn’t support unlimited monthly trading plans.
  • Upstox developer console.
  • Doesn't provide stock tips or recommendations.
  • Upstox option chain tool.
  • It doesn’t provides banking services.
  • Online IPO Application (UPI) is available.
  • It does not offer API any  more.


PROS:


CONS:

  • App is extremely fast and easy to use for the beginners.
  • Does not have an option for multiple watch lists.
  • Flat brokerage of Rs 10 per order is charged.
  • 5 Paisa is currently charging Rs.100 per order placing through calls.(COSTLY)
  • Not required to make calls for buying and selling stocks in your portfolio.
  • Online and paperless account opening is not effective for all the customers.
  • Robo Advisory System is also available.
  • Due to excessive promotions and advertisement user gets distracted.
  • Mutual Funds, SIPs, Derivates, Currencies all kind of investments are solved under one roof.
  • Some traders have reported about sluggishness and unexpected logging off during a trade session.


PROS:


CONS:

  • 23 lakh+ customers which is highest in India.
  • Call and trade is chargeable at Rs.20 per trade.
  • Zero Brokerage on delivery trades.
  • 3 in 1 demat account I not allowed.
  • 100% online work no paper work required.
  • No option to invest in IPOs and Mutual Funds.
  • Easy to understand and simple UI.
  • Minor browser based issues on charts.
  • Maximum Brokerage is capped.
  • Back office managed in a separate application.


PROS:


CONS:

  • This app let you trade as well as send you notification regarding any activities.
  • This app is large in terms of download size.
  • It provides a huge number of navigational and operational tools to control your assets.
  • Performance of the app is slow as compared to other apps.
  • You can manage multiple accounts at the same time.
  • Buy & Sell process is not upfront in the App, quite hidden.
  • You will have real-time alerts from app to be aware of the performance of your stocks.
  • For a new user it is quite difficult to use the app.
  • Transaction details will be completely safe as we protect them with a very effective encrypted firewall.
  • App doesn’t have detailed reports facility.


PROS:


CONS:

Maintained by the Cyprus Securities and Exchange Commission (CySEC).

It does not hold a banking license.

Maintains a minimum capital of 730,000EUR.

It is not publicly traded.

Segregated accounts are there.

4/7 customer support is not there.

Reports of traders’ transaction on a regular basis.

Limited deposit and withdrawal options.

It provides negative balance protection.

Regulatory framework not the strongest.

CONCLUSION :-

                          At the end we hope that above discussion will help you to find out the best trading app for you.

                         The above comparison will help you take the right decision. And to be honest and if you follow our recommendations then we would recommend you Upstox Pro: Stock trading app for NSE, BSE & MCX. 

                         Since the app was promoted and used by RATN TATA, so you can trust on them and start your trading in Upstox.

Frequently Asked Questions (FAQs)

Well to get the answer for this question we have written this post, so go and read the post to get the best trading app for you.

For this you have to download the app first and give them the required details and if you want a detailed information then you can click on the any youtube videos to watch the tutorials.

NO.

YES.

YES, you can access it by creating a free account on it.

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