11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (2024)

For seamless trading online, you need a good trading platform speed, real-time market data and handy tools for advanced charting.

The three types of interfaces available for best online trading platforms in India are

  • Desktop-based trading platform
  • Web-based trading platform
  • Mobile App based trading platform

Desktop based trading platform is the fastest of all the three platforms and is suited to professional traders who want to place quick orders.

You can place orders with the help of shortcut keys in a desktop-based trading platform. The trading software is in the form of exe.files that you can install on your PC or laptop.

Web-based trading platform uses URL (website address) for login and is accessible over Google Chrome and Firefox. Web-based trading platforms are a bit slower as compared to desktop-based platforms.

Mobile apps are becoming more popular because of their ease to trade anytime and anywhere. Most stockbrokers now provide Android and iOS-based apps to trade.

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (1)

Biggest Discount Broker

Zerodha

Fix brokerage of Rs 20 per trade with free delivery

Open Account Now

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (2)

Fastest growing broker

Upstox

Fix brokerage of Rs 20 per trade

Open Free Account

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (3)

Best mobile app

5paisa

Fix brokerage of Rs 10 per trade

Open Free Account

In this article, I have reviewed 11 best online trading platforms in India. You can pick any trading platform based on your requirements.

Table of Contents

Best Online Trading Platform in India 2023

#1. Zerodha Kite 3.0 Trading Platform Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (4)

Best discount broker in India

Zerodha

  • Fix Rs. 20 per trade on intraday trades
  • Zero brokerage on the stock delivery
  • Good customer support
  • Best charts and tools for technical analysis

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Zerodha Kite is a web trading platform with bandwidth consumption of fewer than 0.5 Kbps. There are no specific system requirements, but you need a decent internet speed.

You can access to full Marketwatch, extensive charting with over 100 indicators and 6 chart types.

The platform lets you place Bracket and Cover orders in milliseconds. Additionally, you can view 20 market depth (trade quotes) to gauge market liquidity and trade accordingly.

Using Kite, one can search and trade 90,000+ stocks and F&O contracts across multiple exchanges.

Kite is loaded with an intuitively designed sleek interface where you can analyze, trade and manage your portfolio in your personalized way.

What I Like

  • 100+ indicators and 6 chart types
  • Low bandwidth consumption of 0.5 Kbps
  • View 20 market depth

What I don’t Like

  • Cannot trade directly from charts

Click here to open Zerodha account

#2. Upstox Pro Web Trading Platform Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (5)

Fastest growing stockbroker

Upstox

  • Free account opening & Zero AMC
  • Fix Rs. 20 per trade
  • Fast account opening process

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UpStox Pro (read full Upstox review) is a web (HTML) based trading platform best viewed on Google Chrome.

The Upstox Pro Web trading platform is independent of any specific hardware or software requirements. The trading platform will work on any PC irrespective of the operating system. All you need is good internet speed and a browser.

To help you spot market trends and make informed decisions, the UpStox Pro web comes with powerful customizable charts with 100+ indicators.

One can place cover orders and bracket orders from a single order entry form. Further, the widget feature helps in personalizing the platform to suit your unique trading style.

Upstox Pro Web offers a wide variety of widgets such as

  1. Watchlist
  2. Charts
  3. Order Book
  4. Position Book.

You can use 107 indicators and historical data for the last 10 years. The charting duration range is customizable from 1 minute to 1 month.

Further, the UpStox Pro web platform lets you place an order directly from the charts by clicking on the chart.

What I Like

  • Customizable charts with 100+ indicators
  • Widget feature to personalize the platform
  • Place an order from charts

What I don’t Like

  • No market depth tool like Zerodha

Click here to Open Free Upstox account

Best Mobile Online Trading Platform in India

#3. 5 Paisa Mobile Online Trading App Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (6)

Best mobile trading app

5paisa

  • Lowest brokerage charges of Rs 10 per trade
  • Zero brokerage on delivery(under Ultra Trader pack)
  • Fastest account opening process
  • Offers the best trading app that is easy to use

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5 Paisa mobile trading app helps you trade in equity, invest in mutual funds, buy digital gold, insurance and take personal loans.

You can place orders in a single click order placement. The app is loaded with advanced charts, drawing functionality and stock research to aid your trading.

However, on the app stores, there are reviews of slow chart loading and inadequate customer service.

5paisa mobile app details

App DetailsGoogle Play StoreApple Apps Store
Rating4.43.5
No. of Reviews39,7191.9K
App File Size28 MB176.9 MB
CompatibilityAndroid 4.1 & aboveiOS 9 & above
Installs1 million+

What I like

  • Access to advisory products
  • 100+ predefined stock screeners
  • Can buy gold, insurance, Mutual fund and personal loan

What I don’t like

  • Inadequate customer service
  • Large (176.9 MB) app size for iPhones

Click here to Open FREE 5paisa account

#4. UpStox Pro Mobile Online Trading App Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (7)

UpStox Pro helps you trade-in shares, equity derivatives and currency F&O. You can directly trade from charts using “Trade From Charts” (TFC).

The app brings in advance charts of multiple intervals, types and drawing styles where you can apply 100+ technical indicators in real-time.

The app has a clean, clutter-free and intuitive look.

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (8)

Additionally, you access predefined watchlist, create a customized watchlist, receive real-time market feeds and set an unlimited number of price alerts.

For better visibility the app lets you switch between day and night modes.

UpStox charges Rs. 0 on delivery and Rs. 20 per transaction on intraday and F&O trades. The account opening is paperless and you can use the app as soon as the account is operative.

Upstox mobile pro app details

App DetailsGoogle Play StoreApple Apps Store
Rating4.13.3
No. of Reviews32,6391.3K
App File SizeVaries with devices63.7 MB
CompatibilityAndroid – varies with devicesiOS 11 & above
Installs1 million+

What I like

  • Easy to trade with a clean interface
  • Option to trade directly from charts
  • Can set unlimited price alerts & customized watchlist

What I don’t like

  • Compatible with iOS 11 and above

Click here to open Free Upstox account

#5. Zerodha Kite Mobile Trading App Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (9)

Kite mobile trading app has biometric access and features a clean and intuitive user interface with a super lit backend in dark mode.

Zerodha (check our Zerodha review) charges a flat Rs. 20 brokerage for intraday and F&O trading. Delivery trades are free.

You have access to advanced charts and Chart IQ and other Zerodha apps & services like Coin, Varsity and Sentinel.

But there are negative reviews of the missing “total order value” figure and margin details while placing a trade.

Zerodha kite mobile app details

App DetailsGoogle Play StoreApple Apps Store
Rating3.93.2
No. of Reviews26,013154
App File SizeVaries with devices65.7 MB
CompatibilityAndroid 5 & aboveiOS 9.3 & above
Installs1 million+

What I like

  • Seamless login into other Zerodha apps
  • Biometric access
  • Embedded console reports & Chart IQ tool

What I don’t like

  • Missing trade totals information and margins details
  • Rating of below 4 on Google play store

Click here to Open Zerodha account

#6. Angel Broking App Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (10)

Angel app offers around 40 technical chart indicators and overlays for technical analysis and trading.

The app comes integrated with the Angel’s ARQ tool for improving portfolio performance.

The app has an intuitive design and a clean interface.

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (11)

You can access the past ten transactions for Ledger, Funds and DP reports directly from the app itself.

Angel broking mobile app details

App DetailsGoogle Play StoreApple Apps Store
Rating4.03.7
No. of Reviews40,1141.8K
App File Size32 MB114.9 MB
CompatibilityAndroid 4.2 & aboveiOS 9 & above
Installs1 million+

What I like

  • Integrated ARQ tool
  • Access to advisory calls and research reports
  • Intuitive interface

What I don’t like

  • 40 Indicators and overlays limited
  • Cannot invest in IPO, and bonds

Click here to Open Angel Broking account

#7. Sharekhan Trade Tiger Trading Platform Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (12)

Trade tiger is a desktop-based trading platform with a unique option to trade with the help of a heat map.

One can customize TradeTiger with multiple screens, charts and shortcuts.

There are two versions of the Trade Tiger trading platform.

ParticularsTrade Tiger BasicTrade Tiger Advanced
ForIndividualsProfessional Traders
PCWorks on Pentium 4 Processor or lowerWorks on Pentium Dual Core Processor or higher
Operating systemWin 7 & Win 8Win 7 & above
ProcessorIntel Dual CoreIntel Dual Core
RAM1GB2GB
Disk Space40 MB1GB
Screen Resolution800×6001024×768

You can place multiple orders, bracket orders and bulk orders in a single click. The platform has the option to set order quantity either by absolute number, trade value or current market price which helps you trade based on your preferences.

With Trade Tiger you have handy intraday and daily charts with more than 30 indicators and studies. Further, you have the facility to open multiple charts and link them all either by period, scrip or exchange.

The advance charting tools can be used to plot entry, target and exit lines and execute trades directly from the charts itself.

Trade Tiger offers option quotes with more than 30 trading strategies, portfolio greeks and pay-off charts. One can also export live market streaming data into excel and trade directly from Excel.

What I Like

  • Trade directly from Excel
  • Heat maps to aid trading
  • Link multiple charts
  • Place an order from charts

What I don’t Like

  • Limited 30 indicators and studies

Best Trading Software in India

#8. MO (Motilal Oswal) Orion Lite- Desktop Trading Platform Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (13)

Motilal Oswal is a full-service broker known for research advisory and host of investment products. So you have solid research-based recommendations and access to 30,000+ research reports when you trade.

Orion Lite is a desktop trading platform from Motilal Oswal with 1- second rate refresh.

The platform offers more than 40 customizable charting indicators for technical analysis and studies.

The desktop can be customized to track and create multi-assets watch lists for equity, derivatives, currency and commodities.

Motilal Oswal’s Orion Lite has a unique “Trade Guide Signal” tool that auto-generates buy/sell ideas.

Options trades can benefit from “Option Writer” that tells you whether to write options or not and “Option dCoder” through which you can monitor and manage the options portfolio.

What I Like

  • 40 customizable charting indicators
  • Access to 30,000+ research reports while trading
  • Multi-asset watch
  • Option writer and dCoder tools for option trading

What I don’t Like

  • Cannot trade directly from charts
  • To many trade ideas SMS

#9. Angel Speed Pro Trading Platform Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (14)

Angel Speed Pro is a desktop-based trading platform which can be installed by downloading executable (.exe) files.

The platform needs a minimum Pentium 4 processor with 1GB RAM. The internet speed required is a minimum of 40 kbps.

You can run Angel Speed Pro by downloading the latest version of Java and Adobe Flash Player.

The platform gives you access to Angel’s trade calls and research advisory/reports while you trade.

Angel Speed Pro integrates the “Heat map” analysis so that you can monitor stock price and market movements and aids in building trading strategies.

The charting tools include intraday charts with 30-day history, combined best 5 charts and an option to open charts in excel.

The unique aspect is that you can use the “Multi desktop options” for viewing and trading in two seperate desktops.

On Angel Speed Pro one has the option to create multiple watch lists, customize toolbar and widgets for dashboard screen and viewing space.

What I Like

  • Heat map analysis for trading
  • Intraday charts with a 30-day history
  • Multi-desk option
  • Access to trade calls and advisory reports

What I don’t Like

  • Cannot trade directly from charts
  • Frequent calls and ideas ideas

Click here to Open Angel Broking account

#10. Fyers One Trading Platform Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (15)

Fryers One is a desktop trading platform with inbuilt stock screeners, that help you gauge trends, support and resistance levels and intraday movements.

The platform offers advanced charting where you can have the historical end of the day data of the past 10 years and intraday (1 to 5 minutes) charts of up to 30 days.

One can trade using more than 60 indicators and studies to perform required in-depth technical analysis.

Traders can quickly assess market movements using Fryers One “Heat map”, Market dynamics and Index meter tools.

Fryers One offers 10 intuitively designed customizable workspaces where you can set a watchlist by sectors, indices and derivatives.

What I Like

  • Heat map analysis for trading
  • Intraday charts with a 30-day history
  • 10 customizable workspace

What I don’t Like

  • Trading from charts is not possible

#11. ICICI Trade Racer Trading Platform Review

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (16)

ICICI Trade Racer is a desktop-based trading platform with a market and trend scanner that helps in identifying real-time trading opportunities. The scanner tools are based on pre-defined technical parameters that you can set.

Further, the Live Scanner tool helps you identify scripts nearing days, week, month, 3 month and year high or low prices. Trade Race also offers “Heat maps” for spotting price movements.

Additionally, you have access to fundamental and technical calls while you trade through the iClick2Gain tool.

Trade racer platform can be customized for easy access using icon bar, pre-defined desktops, grid layout and personalized color combination.

What I Like

  • Heat map analysis for trading
  • Trend Scanner and Market Scanner

What I don’t Like

  • Bulk platform, that loads slowly
  • Too many trade calls

If you are still confused, you can compare the online trading platforms and software on the bases of these features.

Features to Compare Best Online Trading Platform

#1. Advanced Charting & Tools

Charts, indicators and related drawing tools are the backbones of trading activity. They are helpful to monitor price movements, predict trends and trading instantly by placing orders from the live charts of price movements.

Tools are helpful in creating overlays, drawings and technical analyses. You may not require 100+ tool options, but you need to check the minimum set of tools that you require.

Different stockbrokers offer varying charting software. You need to have the best software for your online trading needs.

#2. Quick Order Placement Facility

The online trading platform should have the facility to place cover order (CO) and bracket order (BO) simultaneously in a single go. Otherwise, you may need to pay a higher brokerage or have to book losses while trading.

Your online trading platform should offer order placement from multiple locations so that you need not change screens every time you place a particular trade.

Features such as the option to place an order from the charts, previous traded orders and watchlists are helpful.

#3. Hardware and Software Requirements

While intraday trading you may need to refer to the stockbroker’s website, trading platform and charting software screens to analyze your trades.

Apart from that, your internet speed should be high enough to support live streaming of prices, news and data feed simultaneously. If the internet speed is slow then you will experience lag (slow data processing) and will get the old prices.

The laptop or PC for trading should have enough memory and a fast processor to take the load. The hardware should not crash or hang while you are trading.

#4. Customization Features

Options for customizing the trading platform are helpful in creating a personalized workstation that helps you trade comfortably without stress. The customizing function also helps you set up trading strategies.

Check with your broker for the available customization options associated with the trading platform.

#5. Choice of Interface

Different interface provides a different user experience. While the desktop trading platform is the fastest, you cannot carry them everywhere.

For that, the mobile app-based trading platform is more suitable. You need to look for an online trading platform that suits your trading style.

Conclusion

Choosing a trading platform entirely depends on individual trading style and needs.

If you are looking for the best platform then UpStox Pro Web online trading platform has an edge with 107 technical indicators and the facility to directly trade from charts.

Zerodha Kite provides a range of widget features to personalize the platform and intuitive user interface that is best among the other trading platforms.

I am an experienced financial market enthusiast with a deep understanding of online trading platforms and the intricacies of the stock market. My knowledge is grounded in hands-on experience and a comprehensive understanding of the features and functionalities that contribute to seamless online trading.

Now, let's break down the concepts mentioned in the article:

Three Types of Trading Platforms:

  1. Desktop-based Trading Platform:

    • Fastest for professional traders.
    • Allows quick order placement with shortcut keys.
    • Software in the form of exe files installed on a PC or laptop.
  2. Web-based Trading Platform:

    • Accessed through a URL on browsers like Chrome and Firefox.
    • Slightly slower compared to desktop-based platforms.
  3. Mobile App-based Trading Platform:

    • Growing in popularity for its convenience.
    • Provided by stockbrokers for Android and iOS users.

Mentioned Trading Platforms:

Best Online Trading Platforms in India 2023:

  1. Zerodha Kite 3.0:

    • Web trading platform with low bandwidth consumption.
    • Extensive charting with 100+ indicators.
    • Allows bracket and cover orders in milliseconds.
  2. Upstox Pro Web:

    • Web-based platform with customizable charts and 100+ indicators.
    • Supports cover orders and bracket orders.

Best Mobile Online Trading Platforms in India:

  1. 5 Paisa Mobile Trading App:

    • Low-cost brokerage.
    • Mobile app for equity trading, mutual funds, digital gold, insurance, and personal loans.
    • One-click order placement.
  2. Upstox Pro Mobile App:

    • Allows trading in shares, equity derivatives, and currency F&O.
    • Advanced charts with 100+ technical indicators.
  3. Zerodha Kite Mobile App:

    • Biometric access and an intuitive user interface.
    • Flat Rs. 20 brokerage for intraday and F&O trading.
  4. Angel Broking App:

    • Offers around 40 technical chart indicators.
    • Integrated with Angel’s ARQ tool for portfolio performance.
  5. Sharekhan Trade Tiger:

    • Desktop-based platform with a heat map for trading.
    • Customizable with multiple screens and charts.

Best Trading Software in India:

  1. MO (Motilal Oswal) Orion Lite:

    • Desktop platform with 1-second rate refresh.
    • Access to 40+ customizable charting indicators.
  2. Angel Speed Pro:

    • Desktop-based platform with heat map analysis.
    • Multiple watchlists and customization options.
  3. Fyers One:

    • Desktop platform with in-built stock screeners.
    • Advanced charting with historical data.
  4. ICICI Trade Racer:

    • Desktop-based platform with market and trend scanners.
    • Live scanner tool for real-time trading opportunities.

Features to Compare Best Online Trading Platforms:

  1. Advanced Charting & Tools:

    • Backbone of trading; monitors price movements and predicts trends.
    • Essential for technical analysis.
  2. Quick Order Placement Facility:

    • Allows simultaneous placement of cover orders and bracket orders.
    • Order placement from multiple locations.
  3. Hardware and Software Requirements:

    • High-speed internet for live data streaming.
    • Adequate hardware specifications for smooth trading.
  4. Customization Features:

    • Personalized workstation for comfortable trading.
    • Options for setting up trading strategies.
  5. Choice of Interface:

    • Different interfaces for different user experiences.
    • Desktop for speed, mobile for flexibility.

Conclusion:

  • UpStox Pro Web: Stands out with 107 technical indicators and direct trading from charts.
  • Zerodha Kite: Offers widget features and an intuitive interface.

Ultimately, the choice of a trading platform depends on individual trading styles and needs.

11 Best Online Trading Platform in India 2023 (Fastest Platform) - Cash Overflow (2024)

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