14 Impactful Trading Apps in India For Beginners in 2024
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Mobile cryptocurrency trading has seen a tremendous surge in India due to the increased number of beginners who started using apps before getting into real trading. The trend of trading via smartphones is going to another level with its user-friendly and seamless trading experience.
Nowadays, trading apps have become quite common among youths. People have started preferring mobile trading rather than traditional trading. Moreover, cryptocurrencies have also become the latest fad among youths. India ranks 2nd in the world in crypto adoption.
Despite the risk, cryptocurrency platforms have successfully been able to hook young Indians by offering a seamless user experience. Even inexperienced youths are busy exploring these crypto trading apps.
In order to make your trading experience more confident, we have compiled a list of the safest online stock trading and crypto trading apps in India. You can have a look at these lists and analyze which apps suit you best.
List of Safest Online Stock Trading Apps in India
List of Safest Online Crypto Trading Apps in India
List of Safest Online Stock Trading Apps in India
Someone who's stepping into the world of the stock market needs to have the proper stock trading app from an authorized stock trading platform. Since they're beginners, they want the safest, most user-friendly, and most legitimate platform to start their trading journey.
So, here is a list of online stock trading apps offered by legit discount brokers that would help you to buy or sell stocks with simple steps.
Zerodha Kite
Zerodha Kite is one of the best trading apps and the number 1 stockbroker in the country, making it the best trading app for beginners in India. The app has a user-friendly platform with streaming market data, advanced charts, an elegant UI, and more. Zerodha is India's first discount brokerage company.
For intraday trading of stocks and futures (i.e., when you buy and sell the stock on the same day), the brokerage charge is 0.03% of turnover or INR 20, whichever is lower per executed order.
Zerodha can be the best choice for a beginner as well as an experienced individual.
Zerodha Trading | Full Tutorial
Upstox PRO
Upstox PRO is a mobile application of one of the leading discount brokers in the country, i.e., Upstox. Upstox was formerly known as RKSV Securities, and Ratan Tata backs the company.
The Upstox charges are similar to those of Zerodha, making it a discount broker and the second-best trading app in India. It is also recognized as the best trading app for beginners. Currently, you can open a Demat and trading account with Upstox for free of cost with various other benefits.
Alan Joseph
Angel Broking
Angel Broking is one of the oldest players in the stock market brokerage industry. They have been in the industry for more than 30 years. They have a wide range of services, and an online trading platform is one of them. Earlier, the company used to follow a full-service model for its trading platform, but in 2019, it started following the discount broker method.
All intraday trading, i.e., stocks, futures, options, currencies, and commodities, will be charged INR 20 per trade. Angel Broking account opening charges are free, and one is exempted from paying the Annual Maintenance charge for the first year.
Motilal Oswal
Motilal Oswal (MOSL) is another major stockbroker in India who started in 1987. They have a strong network of branches and sub-brokers. The company has 1700+ branches across India. Motilal Oswal is not a discount broker. Their brokerage charges are quite higher as compared to the discount brokers.
Their research papers are considered good as they invest 10% of their profits into research. If you are a beginner who requires some guidance and doesn't mind paying extra, then you can choose Motilal Oswal for the best mobile trading app experience.
5Paisa
5Paisa is also known as one of the best trading platforms and a discount broker in India. The company, promoted by IIFL (India Infoline), offers a unique feature of guest login. Using this feature, one can avoid giving their personal details to check the app and end up getting unsolicited emails, calls, and messages from the service provider.
All intraday trading, i.e., stocks, futures, options, currencies, and commodities, will be charged INR 20 per order that is executed. The rates are similar to other discount brokers such as Upstox, Zerodha and Angel Broker.
PV Vyshnavi
India Infoline
India Infoline (IIFL) is a full-service stockbroker. It is a reputed stock broker in India that was established in 1995. IIFL's brokerage charges are higher than those of other discount brokers.
The company provides personalized service to all its clients, and if someone is looking for a company that will guide and support them through research and recommendations, then they can choose IIFL. They provide stock tips to make a better decision.
Alan Joseph
Kotak Securities
Kotak Securities is an excellent choice for new investors, offering a hassle-free account opening process with no fees and discounted rates for those under 30. Their intuitive trading app is available on multiple platforms and provides access to diverse investment options, such as stocks, IPOs, derivatives, mutual funds, and global investment opportunities. In addition to its user-friendly interface, the platform offers several valuable features, such as margin funding, live portfolio tracking, and comprehensive stock analysis tools.
Kotak Securities stands out among other trading platforms because it offers zero account opening charges and competitive brokerage rates of 0.25%. With over 10 lakh Android downloads, their mobile app is user-friendly and allows for seamless trading experiences. Additionally, their refer and earn program rewards users with referral points equivalent to 15% of the referred transactions, incentivizing them to grow their network. Kotak Securities is committed to making investing accessible and affordable for everyone, with no initial financial barriers and competitive brokerage rates.
Groww
Groww has a simple pricing structure that follows a flat fee model for brokerage charges. This model charges a minimum brokerage of 0.05% and a maximum of INR 20 across all trading segments, including Equity Delivery, Intraday, and F&O. This provides investors with transparency and cost-effectiveness. Moreover, account opening and maintenance are free, and there are no charges for Demat account upkeep, making it more accessible for users. The platform offers a wide range of investment options, such as stocks, mutual funds, gold, US stocks, and fixed deposits, and provides robust security measures to safeguard customer data and transactions through encryption and verification protocols.
Groww offers various tools like live market updates, stock screening, portfolio tracking, SIP calculator, and smart alerts for informed decision-making. Users also receive expert guidance and support from a dedicated team of analysts who provide research reports, recommendations, tips, and insights. With 24/7 customer support, Groww ensures a seamless investment experience for its users.
Anamika Mahapatra
List of Safest Crypto Trading Apps in India
Like the stock trading app, there are crypto trading apps meant for buying or selling underlying coins via an exchange.
Crypto Trading Apps provide a platform to consider the movement of cryptocurrency prices. One can buy or sell cryptos like Bitcoin using Indian Rupee in simple steps using these mobile apps.
Binance
Binance, established in 2017, is a platform for trading cryptocurrencies. It is considered one of the largest cryptocurrency exchanges in the world based on its trading volumes. The platform focuses strongly on Altcoins. An altcoin is an alternative digital currency to Bitcoin. It refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.
The platform charges 0.1% from the taker and 0.1% from the maker's side. You can choose Binance for trading cryptos if you want to invest in lesser-known cryptocurrencies.
Abinaya Arangarajan
Coinbase
Coinbase is also a cryptocurrency platform founded in 2012. It is a secure platform for buying, selling, and storing cryptocurrencies and is quite popular in the United States.
Coinbase charges around $0.99 to $2.99 depending on the dollar value of the purchase. Their user interface is considered to be very simple, and the transactions are highly liquid.
WazirX
WazirX is an Indian cryptocurrency trading platform that is owned by the global cryptocurrency exchange Binance. WazirX has the highest trading volume compared to any other cryptocurrency exchange in India.
WazirX claims a $2.3 billion monthly volume with a registered user base of around 1.75 million. As per CoinMarketCap, WazirX was the 27th top cryptocurrency exchange globally in terms of liquidity, traffic, trading volumes, and confidence in the legitimacy of the trading volumes.
Trading View
Trading View is a stock market trading and investing platform. It is one of the best platforms for beginners as it provides an option for paper trading. Paper trading is a method where the platform provides you with an imaginary amount and lets you pick trades in an imaginary stock market.
The platform provides an experience of what the real market looks like and how trading feels exactly. Also, there is an option to trade in cryptocurrency exchanges as well.
Bitfinex
Bitfinex is a cryptocurrency trading platform owned and operated by iFinex Inc, which is registered in the British Virgin Islands. The platform was launched in 2012 and deals with all sorts of cryptocurrencies around the world.
Bitfinex is the leading exchange for USD-denominated Bitcoin trading. It offers to order books with top-tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage.
Kraken
Kraken is a cryptocurrency platform where you can trade all kinds of cryptocurrencies using fiat currencies. You can use fiat currencies such as U.S. Dollars, Canadian Dollars, Japanese Yen, and Euros.
Conclusion
They offer a trading platform with all sorts of required features for individual cryptocurrency traders as well as large trading firms. Kraken is one of the top leaders in cryptocurrency exchanges.
Everyone (be it a trader investor or youth) has started to lean more towards the discount brokers who are offering their best online trading mobile app service. Hence, these trading apps are considered to be the best and safest in the marketplace.
Disclaimer: All the above-mentioned data are based on our research. Use these apps only after thorough research from your side.
FAQs
Which are the best stock trading apps for beginners in India?
The safest online trading apps in India are as follows:
- Zerodha Kite
- Upstox PRO
- Angel Broking
- Motilal Oswal
- 5Paisa
- India Infoline Markets
- Binance
- Coinbase
- WazirX
- Trading View
- Bitfinex
- Kraken
How much money do day traders make in India?
It depends on who is trading. If a non-skilled trader is trading, it is highly likely that he/she will lose money. But if a skilled trader is trading, he/she can make up to ₹1 lakh per day with ₹1 crore of investment, i.e., 1%.
Who are the prominent traders in India?
Some prominent traders in India include Radhakishan Damani, the founder of D-Mart, and Nemish Shah, the co-founder of Enam Holdings.
Is online trading safe?
Online trading is as safe as offline trading. It has grown over 100% in India due to an increasing number of beginners who have started using the apps before getting into real trading.
Is Zerodha good for beginners?
Zerodha is considered the best discount broker for beginners in the trading market as its brokerage charge is 0.03% of turnover or INR 20, whichever is lower per executed order.
What is WazirX?
WazirrX is an Indian cryptocurrency trading platform that is owned by the global cryptocurrency exchange Binance. WazirX has the highest trading volume compared to any other cryptocurrency exchange in India.
Is Kite Zerodha safe?
Zerodha is a safe, legitimate, and genuine stock broker in India. SEBI regulates it and is a debt-free company.
Which is the best mobile trading app in India?
According to user reviews and industry rankings, IIFL Markets is often considered the best mobile trading app in India for its user-friendly interface and comprehensive features.
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