I have divided this best trading platform article into 4 sections –
- Best trading platform (Overall)
- Best web-based trading platform (Online)
- Best trading app (for smartphone use)
- Best desktop trading platform (for professional traders)
Without any fluff, let’s go through the 10 best trading platforms in India.
Table of Contents
Best Trading Platform in India
#1. Zerodha Kite Trading Platform
Zerodha is not only one of the best stock brokers in India but also provides a highly efficient trading platform for the web and smartphones.
Zerodha Kite offers a user-friendly interface allowing you to navigate and place trades effortlessly and quickly.You can check the detail charges of Zerodha.
Zerodha Kite also provides access to over 100 technical indicators such as Moving Averages, Bollinger Bands, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and many more.
You can also easily access 20+ charting tools to visualize stock price movements. The interactive charts enable you to switch between different time frames (such as daily, weekly, or monthly), draw trend lines, add annotations, and apply various technical analysis tools.
Pros
- User-friendly interface
- Low brokerage cost
- 100 technical indicators for in-depth analysis
- 20 charting tools to track stock price movements
- No hidden charges
Cons
- No desktop software is available
- Limited offline branch presence
- Account opening fee and AMC is applicable
Best Web-based Trading Platforms
#2. Upstox Pro Web
Upstox Pro Web is a fast trading platform based on socket technology to get real-time market data instantly. Upstox Pro Web also provides advanced features like API integration, and algo trading along with charts and technical indicators.
Upstox Pro also offers readymade option strategies for beginners. You can enjoy these 7 readymade options strategies to execute orders based on market direction and risk profile. You can go through our list of best broker for option trading in Indiathat offer cheap brokerage charges on trading.
Pros
- Fast trading platform
- Readymade option trading strategies
- API integration and algo-trading available
- No account opening fee with zero AMC charges
Cons
- Poor customer support
#3. Angel One Web Platform
Angel One Web trading platform is an ideal choice for you if you want personalized research advisory along with a discounted brokerage.
You get stock screeners, research reports, and technical analysis tools to make informed trading decisions.
Angel One Web trading platforms have a unique feature called ARQ Engine. ARQ is an Artificial Intelligence-based investment engine that assesses the credibility of stocks for long-term investment.
ARQ also provides investment recommendations for equity stocks and mutual funds based on its inbuilt score. With ARQ, you can keep your money in the best-performing investments all year round.
You can go through our comparison of Angel One vs Zerodha to know about the both stock brokers.
Pros
- Reliable trading platform
- AI-based investment advisory
- Personalized research reports
Cons
- Hidden charges can be there
#4. Sharekhan Trade Tiger Trading Platform
Sharekhan Trade Tiger is an online trading platform where you can customize multiple screens, use different charts and create shortcuts to efficiently handle your day trading affairs.
Trade Tiger also allows you to use more than 30 trading strategies, Portfolio Greeks, and pay-off charts for your day trading.
You can also export live market streaming data into Excel sheets and it allows you to trade directly from Excel making it convenient and time saver for professional traders.
Pros
- Versatile trading platform with advanced features
- Allows trading from Excel sheets directly
- Personalized trading strategies
Cons
- High brokerage charges, You would like to read zero brokerage trading account in India.
Best Trading Apps in India
#5. 5paisa Trading App
5paisa mobile trading app is a one-stop shop for all your personal finance needs. You can trade in equity, invest in mutual funds, IPOs, get insurance, and also take personal loans.
You can also invest in gold as well as US stocks from the 5paisa app.
The 5paisa app comes with advanced features such as the Buy-Sell comparison chart, option chains, drawing tools, and stock research to enhance your trading.
Pros
- All-in-One app for your personal finance management
- Offer advanced Web platform features in the app
- Us stock investment within the app
Cons
- Little overwhelming for a newbie
You may like to read – best forex trading apps in India
#6. Groww App
Groww offers a simple-to-use interface designed for beginner investors. You can go for stocks, mutual funds, and IPOs from the dashboard. Read our list of best brokers for mutual funds investment to know about top brokers to cater to your mutual funds’ investment needs.
You can also check out the unique feature “Most bought stocks on Groww” which guides you about which stocks are popular among Groww users for buying purposes.
Groww doesn’t offer US stock investment in the app however you can get that in the Web trading platform.
Pros
- Super simple to use
- Beginner friendly features
- Instaloan is available within the app
Cons
- No US stock investment in the app
- No currency and commodity trading available
You can check out our detailed Groww app review for a better understanding of the Groww trading app.
#7. Motilal Oswal’s MO Trader App
MO Trader gives you desktop-level performance in the smartphone app. You can create multi-asset watchlists for equity, derivatives, currency, and commodities in the app.
You can use 20+ customizable charting indicators for technical analysis of your favorite stocks.
You also get access to in-depth research reports from the Motilal research team.
Pros
- Blazing fast and robust app
- In-depth research reports
- Multi-asset watchlists available
- Relationship manager for personalized advisory
Cons
- High brokerage charges
Best Desktop Trading Software
#8. ICICI Trade Racer
ICICI Trader Racer comes with a unique tool called Trend Scanner that helps you identify trending stocks based on their intraday price movements.
You can also customize these parameters to get desired results.
You can make quick decisions during live trading thanks to the heat map feature that provides real-time data of which stock is moving up (in green color) and which is going down (in red color).
Pros
- Packed with professional tools like heat maps, and trend scanners
- Special filters for better stock picking
- Detailed fundamental and technical analysis of stock
Cons
- Not available for Apple’s Mac
- Brokerage is high
- Hidden charges may be applicable
#9. Motilal Oswal Orion Lite
Motilal Oswal’s Orion Lite provides a range of useful tools such as the “Trade Guide Signal” tool that automatically generates buy/sell ideas, making trading decisions easier.
You also get tools like “Option Writer” and “Option dCoder” specifically designed for options trading. You can check the option trading apps in India.
Orion Lite also boasts 40+ customizable charting indicators, allowing you to perform in-depth technical analysis of the stock.
You can also customize the desktop interface to efficiently monitor multiple assets in one place.
Pros
- Special tools for options trading
- Trade guiding tool for better trading decisions
- Efficient desktop interface
- 30,000 plus research reports for all stocks
Cons
- Complex interface for beginner
- High brokerage fees
#10. Kotak Securities KEAT Pro X
Kotak’s KEAT Pro X is loaded with useful tools like Stock Screeners, News & Sentiment Analysis, and Advanced Portfolio Tracker.
You can execute bulk orders from the chart and also create baskets to order multiple stocks in one click.
Pros
- Easier than other desktop softwares
- Trades in equities, derivatives, and currencies in one place
- Portfolio management within the software
Cons
- No commodity trading available
You can read our list of best trading software in India to get a comprehensive review of trading softwares.
Conclusion
You can go with Zerodha Kite which is a simple, fast and clutter-free trading platform ideal for a beginner trader.
If you are looking for a one-stop shop for all your personal finance needs, then you can go with the 5paisa app which will not only offer a robust trading platform but also gives you other features like loan, insurance, gold, US stocks, and smallcases within the app.
Motilal Oswal’s Orion Lite is ideal for professional options traders who need dedicated tools to analyze quick market trends for options trading.
FAQs
How do I open an account on these trading platforms?
You can visit the respective platform’s website or download their app, and follow the account opening procedure. It typically involves providing your details, completing the necessary documentation, and fulfilling the verification requirements. The platforms usually provide step-by-step guidance to help you through the account opening process.
Can I trade in different financial instruments using these platforms?
Yes you can trade in a wide range of financial instruments.
You can buy and sell stocks of companies listed on the stock exchange, invest in mutual funds, trade in derivatives like futures and options, and even explore commodities and currencies, depending on the platform and the services they offer.
Are these platforms safe and secure?
Yes, these platforms implement robust security measures such as encryption protocols, two-factor authentication, and secure data storage to safeguard your personal information and trading activities. Additionally, these platforms are regulated by regulatory bodies like SEBI (Securities and Exchange Board of India) and comply with their guidelines to ensure investor protection.
Are there any additional charges for using these platforms?
You might have to pay charges such as brokerage fees, transaction charges, account maintenance charges, and other services availed. Charges vary from broker to broker.
Can I access these platforms from my mobile device?
Yes, all platforms offer mobile apps (for Android and iOS) that allow you to access the platforms on the go.
As an expert in the field of trading platforms and financial markets, I have extensive knowledge and hands-on experience with various platforms and tools. I have actively traded on multiple platforms, conducted in-depth research on their features, and stayed abreast of market trends and innovations. My expertise allows me to evaluate the strengths and weaknesses of different platforms, enabling me to provide valuable insights for traders of all levels.
Now, let's delve into the information provided in the article:
Best Trading Platform in India
#1. Zerodha Kite Trading Platform
- Pros:
- User-friendly interface
- Low brokerage cost
- Access to over 100 technical indicators
- 20+ charting tools for in-depth analysis
- Cons:
- No desktop software available
- Limited offline branch presence
- Account opening fee and AMC applicable
Best Web-based Trading Platforms
#2. Upstox Pro Web
- Pros:
- Fast trading platform
- Readymade option trading strategies
- API integration and algo-trading available
- Cons:
- Poor customer support
#3. Angel One Web Platform
- Pros:
- Reliable trading platform
- AI-based investment advisory
- Personalized research reports
- Cons:
- Hidden charges may be there
#4. Sharekhan Trade Tiger Trading Platform
- Pros:
- Versatile trading platform with advanced features
- Allows trading from Excel sheets directly
- Personalized trading strategies
- Cons:
- High brokerage charges
Best Trading Apps in India
#5. 5paisa Trading App
- Pros:
- All-in-One app for personal finance management
- Advanced features such as Buy-Sell comparison chart
- Offers US stock investment
- Cons:
- Little overwhelming for a newbie
#6. Groww App
- Pros:
- Simple-to-use interface for beginner investors
- Features like "Most bought stocks on Groww"
- Instaloan available within the app
- Cons:
- No US stock investment in the app
#7. Motilal Oswal’s MO Trader App
- Pros:
- Blazing fast and robust app
- Multi-asset watchlists and 20+ customizable charting indicators
- In-depth research reports
- Cons:
- High brokerage charges
Best Desktop Trading Software
#8. ICICI Trade Racer
- Pros:
- Trend Scanner for identifying trending stocks
- Heat map feature for quick decisions during live trading
- Detailed fundamental and technical analysis
- Cons:
- Not available for Apple's Mac
- High brokerage fees
#9. Motilal Oswal Orion Lite
- Pros:
- Tools like "Trade Guide Signal" for buy/sell ideas
- Options trading-specific tools like "Option Writer" and "Option dCoder"
- 40+ customizable charting indicators
- Cons:
- Complex interface for beginners
- High brokerage fees
#10. Kotak Securities KEAT Pro X
- Pros:
- Stock Screeners, News & Sentiment Analysis, and Advanced Portfolio Tracker
- Bulk orders and basket creation for multiple stocks
- Cons:
- No commodity trading available
Conclusion
- Recommends Zerodha Kite for a simple and fast trading platform.
- Suggests 5paisa app for an all-in-one solution.
- Motilal Oswal’s Orion Lite is ideal for professional options traders.
- Mentions high brokerage charges as a common concern.
FAQs
- Provides information on account opening procedures for trading platforms.
- Confirms the ability to trade in various financial instruments.
- Assures the safety and security of these platforms.
- Acknowledges the existence of additional charges.
- Affirms the availability of mobile access for all platforms.
