Have you decided to put your money in the stock market? If yes, then this guide will prove helpful to you during the whole trading process. Considering you’re an amateur in the trading business, Demat AMC and brokerage charges for equity delivery are the two things that you should examine beforehand.
Best Stock Trading App for Beginners in India
In an era where everything is digitally advanced, finding a suitable platform to initiate trading is quite challenging. The good news here is, we’ve lessened your work by creating a list of 10 Best Stock Trading App for Beginners in India that will render you a great trading experience and will also guide you in making the right investments.
So without wasting any further time, let us now directly jump into knowing the features of these stock trading apps.
10. IIFL Markets
IIFL Markets is one of the right apps to make decisions about investments and trading. It is developed by a highly skilled group of people and brings updates frequently so that you’re acquainted with all the latest stock related news. Within this app, you can easily set prices for desired stocks and get a complete overview of the P&L, margin report, net position and much more. You can even analyze the market status from the dashboard that tells you everything about NIFTY and SENSEX value.
9. MO Investor
If you’re a regular investor, MO Investor is for you, it has got all the resources that you’ll need while trading. You can learn everything about the stock market by using the apps’ EDUMO feature if you’re new into the investment business. Customizing your own list of stocks is super easy with this app. Apart from its intuitive features, there are also other advanced add-ons like Set Price Alert, Simplified Trading Reports and much more. Also, if you open a demat account with Motilal Oswal,then you’ll get access to all of its features and products.
8. ICICI direct Mobile
ICICI Direct Mobile App lets you invest or trade in stocks, mutual funds, IPO, NCD, CFD, Insurance in the most convenient way. To use the apps’ services, you’ll have to open a 3-in-1 account first and this will eventually combine the trading, demat and bank accounts for easy investment in the stock market. The best part is that it offers an eATM facility which gives you instant payout from your selling to your trading account rather than making you wait for T+2 days.
Sharekhan is a known name when it comes to the stockbroking industry, it has been in the trading business for a great many years. Its Market Watch feature is really amazing as it lets you choose any particular scrip, charts at both fundamental and technical levels and many more. You’ll also get a daily update on the stock market, commodity space with just a click and that too with detailed information regarding each category. All in all, it’s a great app for making investment plans.
6. HDFC securities Mobile Trading
HDFC securities mobile trading backs up features such as stock & derivatives trading, latest market updates, investment ideas and real time charts and quotes. The app offers various online investment & trading services through website and app. On the other hand, offline services can be availed through local branches in major cities over calls. A total of about 55% of HDFC Securities customers have been noted to use this online trading platform.
5. Angel Broking
Angel Broking is among the top retail stock broking platforms in India that has memberships on BSE, NSE and the commodity exchanges in the country including NCDEX and MCX. Their recently added add-on ARQ which is a rule-based investment engine has helped many customers in making investments across all risk classes. Within this app, you also get alerts to rebalance your portfolio with in-depth market analysis and advanced charting to help you rule the market.
5paisa is the best discount broker app that offers investing and trading services in segments including stocks, derivatives (F&O) and currency. Their trading services fall under a simple brokerage plan where you can trade across the segments for a flat rate of ₹20/order in Optimum plan and ₹10/order in Platinum plan and Free Equity Delivery in Titanium plan. Within this app, you also have an option to invest and trade in the stock market as well as in mutual funds.
3. Kite by Zerodha
Kite by Zerodha is an amazing trading app that allows customers to trade hassle free. It is loaded with intuitive features and includes extensive charts with 100+ indicators and advance order type. It offers low cost brokerage for trading in Equity, Equity F&O, Commodity and Currency F&O segments at BSE, NSE and MCX. It even lets you manage portfolios by holdings and positions in separate tabs.
Groww is a discount broking app that aims at providing modern online based financial solutions to customers. It lets you invest online without charging any fees for transaction, subscription, and is considered to fully secure. Once you open a demat account, you can easily transfer shares, debentures, stocks at one safe place. It is now expanding its services around stock with the help of Nextbillion technology.
Upstox Pro is an easy-to-use trading app that offers online stock trading, commodity trading, currency derivatives trading, mutual funds, and demat account. It charges flat ₹20 per trade brokerage for trading segments across exchange. As for the equity delivery (cash & carry) trading, the services are offered for free to the customer.It even offers partner platforms like Nest Desktop, AmiBroker, Dart Stock and Fox Trader. To sum it up, it is a great app that comes with a lot of prominent functionalities.
Can I apply in an IPO using HDFC Securities Mobile Trading App?
No, you cannot apply for an IPO using the mobile trading app.
What is the best day to sell stock?
The best day to sell stocks is probably within the five days around the turn of the month.
So this is what we have for the list of 10 Best Stock Trading App for Beginners in India. As a beginner, I would say, you rather go with an app that introduces you with the basic concept of stock market so that you earn profitable returns. Well, all of these apps are great for traders and that you’ll be able to manage the basic principles behind a stock market.
Which one is it that you’re going to install for making investments? Tell us in the comment section below.