Want to do online stock market trading effortlessly? Are you confused about what trading platforms are best for you?
Continue reading to learn more about the best trading platforms in India and which platform is suitable for you.
Online stock trading is one of the lucrative ways to earn a side income. Everyone is trying to gain knowledge of stock markets and generate wealth through online trading. There are many stockbrokers in India, offering various online trading platforms in India and choosing one can be a daunting task. So, we have listed the 10 best trading platforms in India with a detailed review of each of them.
Before we dive into the best trading platforms in India, we should consider the different types of trading platforms.
Types of Trading Platforms in India
Online trading can be done using one of three basic interfaces, which are listed below-
- Mobile-based: It simply means to do online trading using a mobile. It is one of the best trading platforms in India, which can be accessible from anywhere with ease of use.
- Browser-based: A browser-based trading platform is accessible through a web browser such as Internet Explorer, Mozilla Firefox, or Google Chrome.
- Desktop-based: This platform is available for download and installation on a desktop or laptop computer. If you prefer to place quick buy/sell orders, this is without a doubt the best trading platform in India.
Comparison Between Various Best Trading Platforms in India
| S.No | Stock Brokers | Trading Platforms | Unique Features | Rating |
|---|---|---|---|---|
| 1. | Zerodha | Zerodha Kite | Floating Order window, Informative data widgets, Compare multiple scripts | 4.1/5 |
| 2. | Upstox | Upstox Pro | Charting software with over 100 technical indicators, Upstox brokerage calculator, and drag and drop feature | 4.3/5 |
| 3. | Multiple market segments, algo trading, education, and support | 5Paisa Trade Station | Combined snap window, different orders, charts | 4.3/5 |
| 4. | Angel One | Angel Speed Pro | Easy installation, live market watch, Integrated news flash and reports | 4.2/5 |
| 5. | Groww | Groww App | A clean user interface, one-click order placement, secured with high encryption | 4.4/5 |
| 6. | ICICI Direct | ICICI Trade Racer | Snap view and market scanners, Customisable grid layout, heat maps | 4.3/5 |
| 7. | Sharekhan | Trade Tiger | Multiple market segments, algo trading, education, and support | 3.7/5 |
| 8. | FYERS | Fyers One | 360-degree market data, FII & DII, block deals data, advanced analytical tools | 4.2/5 |
| 9. | Motilal Oswal | Motilal Oswal Trader | Create multiple watchlists, Bulk/Place orders, robo advisory products | 4.2/5 |
| 10. | IIFL | IIFL Trader Terminal | Charting software with over 100 technical indicators, Upstox brokerage calculator, and drag and drop feature | 4.3/5 |
Zerodha Kite
Zerodha Kite is one of the best online trading platforms in India offering you to trade in multiple products like stocks, mutual funds, IPOs, etc. It offers an intuitive user interface with advanced charting options and cutting-edge technology. You can also place multiple order types like Bracket orders, regular orders, MIS, CNC, Cover orders, etc. Zerodha is one of the best option trading platforms in India. Do Zerodha log in ontheir website to obtain a one-of-a-kind trading experience.
Zerodha Brokerage Charges –
Equity Delivery Trading – Rs. 0
Equity Intraday Trading – Rs. 20 per order or 0.03% (whichever is lower)
Zerodha Demat Account Opening Charges – Rs. 200
| Advantages | Disadvantages |
|---|---|
| Low brokerage charges. | No order placement directly through charts. |
| Customizable watchlists. | Not possible to backtest the strategies. |
| Real-time streaming market quotes. | No stock or share market tips or research tips for free. |
| Free historical chart data. | |
| Advanced charts with more than 100 indicators. | |
| Instant bank transfer facility with up to 20 banks. | |
| Available in 11 regional languages. | |
| Create alerts for stocks, and F&O. | |
| You can also use the Zerodha brokerage calculator to calculate the charges |
Zerodha App:
Android Rating: 4.1/5 stars
IOS Rating: 3.4/5 stars
App Downloads: 1 Cr+
Platform Link – Kite Zerodha
Upstox Pro
Upstox is another popular stockbroker offering you to trade in various instruments like stocks, commodities, derivatives, and currencies. Upstox offers an advanced web and mobile-based best trading platform in India known as Upstox Pro. This platform provides a user-friendly interface, advanced charting, and technical analysis tools. You can also use the Upstox brokerage calculator to calculate the charges. It offers competitive brokerage with attractive features, where you can perform quick execution of trades. Do an Upstox login ontheir website to obtain a one-of-a-kind trading experience.
Upstox Brokerage Charges –
Equity Delivery Trading – Rs. 20 or 2.5% per order (whichever is lower)
Equity Intraday Trading – Rs. 20 or 0.05% per order (whichever is lower)
Upstox Demat Account Opening Charges – Rs. 0
| Advantages | Disadvantages |
|---|---|
| Unified search tool. | Few software bugs. |
| Customizable watchlists. | Customer service is not very supportive. |
| Real-time streaming market information and price data. | No share market tips or research tips for free. |
| Feature of trade directly from a chart. | |
| More than 100 technical indicators. | |
| Upto 10X leverage offered. | |
| Backed by various marquee investors such as Tiger Global and Ratan Tata. | |
| Zero account opening charges. |
Upstox App:
Android Rating: 4.3/5 stars
IOS Rating: 3.9/5 stars
App Downloads: 1 Cr+
Platform Link – Upstox Pro
5Paisa Trade Station
It is the best trading platform in India offered by 5 Paisa to do seamless trading across various segments. You can do single-order placement with advanced features like charts, stock research options, stock screeners, comprehensive portfolio tracker, etc. 5 Paisa also offers you a robo advisory tool that is fully automated. It helps you in suggesting mutual funds based on your income, goals, and risk profile. To get a unique trading experience, do 5 Paisa login through their website.
5 Paisa Brokerage Charges –
Equity Delivery Trading – Rs. 20 per executed order
Equity Intraday Trading – Rs. 20 per executed order
5Paisa Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| Simple user interface. | Inappropriate customer service. |
| Robo advisory tool. | Slow loading of charts. |
| Real-time access to market data. | |
| The app is highly customizable. | |
| Set price and time alerts. | |
| Customizable watchlists. | |
| Facility of instant fund transfer. | |
| Advanced charting options to select stocks. | |
| Super-efficient terminal for faster execution of trades. | |
| Order slicing feature. |
5 Paisa App:
Android Rating: 4.3/5 stars
IOS Rating: 4.2/5 stars
App Downloads: 1 Cr+
Platform Link – 5Paisa Trade Station
Angel Speed Pro
It is an excellent trading platform by Angel One that offers various financial instruments to trade. You can trade in equities, mutual funds, commodities, and currencies. This trading platform is well-known for offering its users a single-window trading experience as well as comprehensive trade monitoring capabilities. It is also noted for its quick order processing and real-time stock updates. Angel broking is one of the best trading platforms for options in India.
Angel Broking Charges –
Equity Delivery Trading – Rs. 0
Equity Intraday Trading – Rs. 20 or 0.03% (whichever is lower) per order
Angel One Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| Multi-asset trading. | Not much attractive user interface. |
| Advanced charting tools with 70+ technical indicators. | It is not available for Mac. |
| Provides research reports and recommendations. | |
| Provides educational resources such as videos, webinars, etc. | |
| Heatmap, and historical chart data. | |
| Shortcut keys for quick trades. | |
| Integrated ARQ tool. | |
| Robust and customizable software. | |
| No brokerage charges on delivery trading. |
Angel One App:
Android Rating: 4.2/5 stars
IOS Rating: 4.1/5 stars
App Downloads: 10 M+
Platform Link – Angel Speed Pro
Groww App
Groww provides an easy-to-use interface for new investors. From the dashboard, you can search for stocks, mutual funds, Futures and options, and IPOs. Currently the fastest-growing investment platform in India, Groww is adding many products in a phased manner in web and mobile app versions. You also get Groww brokerage calculators for quickly calculating brokerage and other fees, margins, etc. Talking about the best trading platform in India, Groww ranks in the top names.
Groww Brokerage Charges –
Equity Delivery Trading – Rs. 20 or 0.05% per executed order (whichever is lower)
Equity Intraday Trading – Rs. 20 or 0.05% per executed order (whichever is lower)
Groww Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| Fast margin trading platform. | Do not offer share market tips, research reports, or recommendations. |
| Buying/selling in just a click. | Limited investment products. |
| Informative educational resources like blogs, ebooks, videos, etc. | No offline branches are available. |
| Employs security measures to ensure the safety of user data and transactions. | |
| The account opening process is hassle-free and quick. | |
| Known for its simple and intuitive interface. | |
| Option to invest in digital gold. | |
| Backed by world-class investors like TigerGlobal, Ribbit Capital, etc. |
Groww App:
Android Rating: 4.4/5 stars
IOS Rating: 4.3/5 stars
App Downloads: 10M+
Platform Link – Groww App
ICICI Trade Racer
ICICI Direct is a popular full-service broker in India, providing investment and trading services to traders and investors. They are one of the oldest stock brokers in India offering a variety of trading segments. It provides a power-packed trading platform, known as “Trade Racer”. It is a trading platform with advanced and new features like research calls, multiple watchlists, an integrated fund transfer system, and much more.
ICICI Direct Brokerage Charges –
Equity Delivery Trading – 0.55%
Equity Intraday Trading – Rs. 20 per order
ICICI Direct Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| You can add various widgets. | High charges and costs. |
| Analytical features like charting, option chain, and live profit and loss accounts. | It is a desktop trading platform, so it is not accessible to mobile users. |
| Trend scanner feature to find trending scripts. | High bandwidth requirement. High bandwidth requirement. |
| Customizable interface. | |
| Heat maps for detecting price movements. | |
| Live streaming quotes and research calls. | |
| Support algorithm trading. | |
| Provides research reports, market analysis, and stock recommendations. | |
| Instant money transfer. | |
| More than 50 products & services are offered. |
ICICI Direct App:
Android Rating: 4.3/5 stars
IOS Rating: 4.7/5 stars
App Downloads: 100k+
Platform Link – ICICI Trade Racer
Sharekhan trading platform is ideal for both experienced and novice traders and investors. It is the best desktop trading software in India for providing demat and full brokerage services. Trade Tiger platforms need to be downloaded on a laptop or desktop from their website. They provide you access to trading calls from fundamental and technical analysis. Through this platform, you can place multiple types of orders in a single click. It also provides free offline/online workshops and seminars to keep its customers updated. To get a unique trading experience, do sharekhan login through their website.
Sharekhan Brokerage Charges –
Equity Delivery Trading – 0.50% or 10 paise per share
Equity Intraday Trading – 0.10% on the buy side
Sharekhan Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| Get instant real-time quotes within seconds. | A slightly complex platform for beginners. |
| Detailed research analysis for traders, investors, and mutual fund investors. | Limited to desktop-based users. |
| Place orders through charts. | |
| Various calculators like brokerage calculator, premium calculator, etc. | |
| Can set price and time alerts. | |
| Advanced tools like heat maps, technical indicators, chartbook, and live market screener. | |
| A customizable interface to tailor workspaces, improving efficiency and user experience. | |
| Quick customer service. |
Sharekhan App:
Android Rating: 3.7/5 stars
IOS Rating: 3.4/5 stars
App Downloads: 5M+
Platform Link – Sharekhan Trade Tiger
FYERS One
It is a desktop-based trading platform offered by FYERS, a discount broker based in Bangalore. They provide you with the best trading platform in India which is highly technologically advanced. It has built-in stock screeners that assist you in identifying trends, support and resistance points, and intraday fluctuations. The platform is designed to provide a comprehensive and user-friendly experience for traders and investors. Also, FYERS One is well-known for its technical analysis features. FYERS offers other advanced platforms as well like FYERS Web, which is a robust web-based platform.
FYERS Brokerage Charges –
Equity Delivery Trading – Rs. 0
Equity Intraday Trading – Rs. 20 or 0.03% per executed order, whichever is lower.
FYERS Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| Heat maps and index meter tools to assess market movements. | It is not available for Mac. |
| Customizable workspaces. | The account opening procedure is a little slow. |
| Multiple customizable watchlists. | High deposit charges. |
| 30-day intraday historical charts. | |
| Advanced 60+ technical indicators. | |
| Portfolio simulation. | |
| Advanced order types like bracket orders, cover orders, etc. | |
| Option chain analysis which is useful for options traders. | |
| Offer a unique feature, named ‘Intraday recovery’, which tells you the intraday stocks that have the probability to recover from losses. | |
| No brokerage charges on delivery trading. |
FYERS App:
Android Rating: 4.2/5 stars
IOS Rating: 4.2/5 stars
App Downloads: 10L+
Platform Link – FYERS One
Motilal Oswal Trader
Motilal Oswal Securities is a well-known stockbroking and financial services company in India. They offer a trading platform called “Motilal Oswal Trader” which is designed to provide a comprehensive trading experience for investors and traders. It is considered one of the best trading platforms in India with a wide range of features and tools. They have features such as interactive risk-return charts, live research recommendations, and real-time order execution, the software is packed with advanced features.
Motilal Oswal Brokerage Charges –
Equity Delivery Trading – 0.20%
Equity Intraday Trading – 0.02%
Motilal Oswal Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| In-depth research reports. | A slightly complex platform for beginners. |
| AI-powered tools to maximize returns. | Brokerage fees are high in comparison to other brokers. |
| Provides educational resources like blogs, videos, etc. | Poor customer service. |
| Quick execution of trades. | |
| With a single click, you may get a glimpse of your orders, positions, and limits. | |
| Up to 20 screeners are available. | |
| Robo Advisory products such as TradeGuide Signal(TGS), Option Writer, and Option deCoder. | |
| Get share market tips and recommendations as per your risk profile. |
Motilal Oswal App:
Android Rating: 4.2/5 stars
IOS Rating: 3.6/5 stars
App Downloads: 5M+
Platform Link – Motilal Oswal Trader
IIFL Trader Terminal
IIFL Trader Terminal is another popular trading software known for its advanced features and uses. It is designed for investors and traders to trade in various segments like equity, futures & options, commodities, bonds, FDs, etc. Its user-friendly design, which is intuitive and stylish, as well as its revolutionary features, gives a flawless trading and investment experience. It also has a lot of shortcut keys to trade smartly and is considered one of the best trading platforms in India.
IIFL Brokerage Charges –
Equity Delivery Trading – 0.25%
Equity Intraday Trading – 0.025%
IIFL Demat Account Opening Charges – Rs. 0 (Free)
| Advantages | Disadvantages |
|---|---|
| Order placement with a single click. | Platform not available for iOS users. |
| Order, trade, and news notifications are sent instantly. | There are several limits and constraints with the software. |
| Hassle-free fund transfer between various banks. | |
| Easy to use interface. | |
| Quick and confirmed order execution. | |
| Secured authentication for safety and security. | |
| Intraday and share market tips and recommendations. | |
| Free research reports by experts. | |
| Comprehensive dashboard for all your trading segments. |
IIFL App:
Android Rating: 4.3/5 stars
IOS Rating: 4.4/5 stars
App Downloads: 5M+
Platform Link – IIFL Trader Terminal
Final Thoughts
So, in this article, we have discussed the best trading platforms in India with their features, pros, and cons. You should choose an online trading platform that matches your financial goals and choices. Online trading is all about perfect timing and execution, so always compare different trading platforms with their unique features. The information provided here about the trading platforms is reliable and correct. Here, one may get the best trading platform in India and begin online trading with ease.
FAQs – Best Trading Platforms
1. Which is the best trading platform in India?
Ans. Zerodha Kite is the best trading platform in India full of advanced features and innovative products and services.
2. How to choose the best stockbroker in India?
Ans. Choose a stockbroker with a good trading platform, prompt customer service, a variety of investment options for online trading, and low brokerage charges and costs.
3. Which trading app is safe in India?
Ans. Zerodha Kite, Angel One, and Upstox are the safest brokers and offer the best trading platform in India.
4. Which trading is most profitable in India?
Ans. Intraday trading is the most profitable trading option, however, you need to have proper knowledge and guidance before starting.
As an expert in online stock market trading, it's crucial to emphasize the significance of choosing the right trading platform for a seamless and profitable trading experience. I have hands-on experience in analyzing various trading platforms, understanding their unique features, and evaluating their pros and cons.
Now, let's break down the concepts mentioned in the article:
Types of Trading Platforms in India:
-
Mobile-based:
- Definition: Trading done using a mobile device.
- Advantage: Accessibility from anywhere with ease of use.
-
Browser-based:
- Definition: Accessible through web browsers like Internet Explorer, Mozilla Firefox, or Google Chrome.
-
Desktop-based:
- Definition: Platform available for download and installation on a desktop or laptop.
- Advantage: Ideal for quick buy/sell orders.
Comparison Between Various Best Trading Platforms:
-
Zerodha Kite:
- Features: Multiple order types, advanced charting, low brokerage charges, customizable watchlists, real-time streaming market quotes.
- Pros: Low brokerage charges, real-time streaming market quotes, advanced charts.
- Cons: No order placement directly through charts.
-
Upstox Pro:
- Features: Charting software, brokerage calculator, unified search tool, real-time streaming market information.
- Pros: Unified search tool, real-time streaming market information, competitive brokerage.
- Cons: Few software bugs, customer service may not be very supportive.
-
5Paisa Trade Station:
- Features: Single-order placement, robo advisory tool, real-time access to market data, advanced charting options.
- Pros: Robo advisory tool, real-time access to market data, advanced charting options.
- Cons: Inappropriate customer service, slow loading of charts.
-
Angel Speed Pro:
- Features: Multi-asset trading, advanced charting tools, research reports, educational resources.
- Pros: Multi-asset trading, research reports, shortcut keys for quick trades.
- Cons: Not much attractive user interface, not available for Mac.
-
Groww App:
- Features: Easy-to-use interface, fast margin trading, informative educational resources.
- Pros: Fast margin trading, informative educational resources, simple and intuitive interface.
- Cons: Limited investment products, no offline branches.
-
ICICI Trade Racer:
- Features: Analytical features, trend scanner, customizable interface, live streaming quotes.
- Pros: Analytical features, trend scanner, customizable interface.
- Cons: High charges, desktop-based platform.
-
Sharekhan Trade Tiger:
- Features: Instant real-time quotes, detailed research analysis, various calculators, advanced tools.
- Pros: Instant real-time quotes, detailed research analysis, quick customer service.
- Cons: Slightly complex platform for beginners.
-
FYERS One:
- Features: Heat maps, customizable workspaces, multiple customizable watchlists, advanced order types.
- Pros: Heat maps, customizable workspaces, advanced order types.
- Cons: Not available for Mac, high deposit charges.
-
Motilal Oswal Trader:
- Features: In-depth research reports, AI-powered tools, quick execution of trades, robo advisory products.
- Pros: In-depth research reports, quick execution of trades, robo advisory products.
- Cons: High brokerage fees, poor customer service.
-
IIFL Trader Terminal:
- Features: Order placement with a single click, hassle-free fund transfer, comprehensive dashboard.
- Pros: Order placement with a single click, hassle-free fund transfer, quick and confirmed order execution.
- Cons: Not available for iOS users, several limits and constraints.
These platforms vary in terms of features, advantages, and disadvantages, and the choice depends on individual preferences, trading strategies, and goals. Always consider factors like user interface, customer support, brokerage charges, and available features before selecting a trading platform.
