10 Best Stock Market Apps in India

Best Stock Market Apps in India

Explore the world of the “best stock market app” and enlighten yourself with the knowledge to make better financial decisions.

1. Kite by Zerodha
2. Upstox 
3. 5paisa
4. Motilal Oswal
5. Angel One
6. Kotak Securities
7. Paytm Money
8. ICICI Direct Markets App
9. TradingView
10. IIFL

1. Kite by Zerodha

Zerodha has more than 10 million active clients, making up about 15% of all retail trading in India. This app is great for both beginners and experienced traders and investors because of its strong technology platform.

Features

• They’ve introduced a “sticky order window” for convenience, so you can easily place multiple orders using the same input.
• You can directly invest in mutual funds (MF) with zero commission charges.
• Their leverage indicator allows users to check the amount of leverage for each trade against equity stocks.
• They are offering in-depth analytics for daily trades and your entire portfolio.
• You can access advanced features like the “view breakdown” option, which provides a clear breakdown of brokerage and STT charges.

Account opening charges: 200 rupees 

Ratings: 4.1 on Google Play store

Brokerage charges:

Equity Delivery: Nil

Equity Intraday: INR 20

Pros:

• Accessible on both iOS and Android platforms.
• No brokerage fees for equities delivery trades and mutual funds.
• User-friendly app, suitable for beginners.
• Ideal for passive, active, and algorithmic traders.

Cons:

• Charges for account opening and maintenance at INR 200 and INR 300 per year, respectively.
• Optional extra charge for trade SMS alerts.
• Stock tips and research reports are not available for free.
• Order details must be retrieved from a separate app, which operates independently from the main platform.

2. Upstox

Upstox is a well-liked discount broker app. It’s great for experienced investors and offers trading and investment options in stocks, currencies, commodities, and mutual funds. If you are eager to invest smartly, check out this list of the best investment apps in India across different categories.

Features:

• You can also invest in gold, IPOs, and mutual funds.
• No commissions for mutual fund investments.
• Enjoy advanced features like market watch, live stock quotes, and detailed charts.
• You can even trade directly from charts using the “TFC” feature.
• Access advanced charting tools with over 100 technical indicators.

Account opening charges: Nil

Ratings: 4.3 on Google play store 

Brokerage charges:

Equity Delivery: 2.5% or INR 20, whichever is less

Equity Intraday: 0.05% or INR 20, whichever is less

Pros 

• The brokerage charges are not very high.
• It’s accessible on both iOS and Android.
  
• Navigating between screens and making trades is easy and convenient.
  
• There are no fees for maintaining or opening an account.
  
• You can set an unlimited number of price alerts for specific stocks.
  
• Customize your stocks watchlist without any restrictions.

Cons

• Users have reported issues with the updated version of the Upstox App.
  
• Charges are INR 20 for call and trade orders.
  
• The chart interface leaves much to be desired.
  
• Unfortunately, the app doesn’t offer any research and recommendations.

3. 5paisa

This app is a top pick for both traders and investors. Plus, 5paisa gives you free access to news, research, advisory services, and blogs – something you don’t always find in other trading apps, even the top ones.

Features:

• A simple and friendly user interface.
• You can easily access your watchlists and order books.
• Stay updated with real-time market data, live stock quotes, and price changes.
• Advanced tools for charts and multi-asset watchlists.
• You can invest in U.S. stocks.
• Create as many watchlists as you need and set unlimited price alerts.

Account opening charges: Nil

Ratings: 4.3 on Google play store 

Brokerage charges:

Equity Delivery: INR 20

Equity Intraday: INR 20

Pros: 

• No charges for opening a demat account.
• No commission on MF investing.
• One-click order placement.
• Highly customizable app.
• Multilingual app support.
• Provides research and recommendations.

Cons: 

• Many complaints of app hanging .
• Distractions on app due to advertisements and promotional offers.

4. Motilal Oswal

The MO Investor app is made by one of India’s top stock brokerage firms, Motilal Oswal Securities. It’s well-known for its advanced tools, quick price alerts, and user-friendly interface.

Features:

• AI-powered tools rebalance your whole portfolio to maximize returns.
• Get extra services like SIP through WhatsApp, automated advisory, live bot genie, and call and trade.

• Funding options include loans against securities, margin funding, and stock lending features.

• Get detailed info on your position, margin, and in-depth analysis through comprehensive research reports.

• Choose from a wide range of mutual fund schemes from 40 asset management companies.

• Access a wealth of educational materials through online lessons, videos, and blogs.

Account opening charges: Nil

Ratings: 4.1 on Google Play Store 

Brokerage charges:

Equity Delivery: INR 20

Equity Intraday: INR 20

Pros

• User-friendly and super fast in its process.
• Allows easy overview of charts, portfolios, and upcoming market events.
• Charting tools are not complex and very easy to understand.
• There are no charges for account opening, advisory and research services.

Cons

• Higher brokerage transactional charges.
• Complaints of poor customer service.

5. Angel One

This app is well-known for giving users a one-stop trading experience with helpful trade monitoring features.

Features:

• Trade in a variety of things like stocks, commodities, and currencies. Also, enjoy derivatives, margin trading, and mutual funds.
• Get live rates for quick trading decisions.
• Check and analyze all your investments in one place with a top-notch built-in portfolio.
• Stay updated with instant and real-time news flashes and reports.
• Watch and update live market data in MS Excel.

Account opening charges: Nil

Ratings: 4.1 on Google Play Store 

Brokerage charges:

Equity Delivery: Nil

Equity Intraday: INR 20 or 0.25 (whichever is less)

Pros

• You can customize your app 
• Innovative software
• Account opening and maintenance charges are nil. 
• Customer care service is supportive and quick to respond.

Cons

• Higher charges compared to other apps.
• Many software compatibility issues.
• It’s a bulky trading app.

6. Kotak Securities

You can start trading with Kotak Securities without any account opening fees. Opening an account is easy and quick – you have to go through just a few simple steps!

Features:

• You can do online trading with equity cash, equity derivatives, and currency derivatives.
• You get research reports and online courses.
• Pay zero brokerage fees on Intraday trades.
• You get to use trading tools like news, stock charts, gainers/losers, stocks by volume, and more.
• Different packages option.
• There’s a refer and earn program where you can get 15% of the total referral transactions as referral points.

Account opening charges: Nil

Ratings: 4.1 on Google Play Store 

Brokerage charges:

Equity Delivery: Nil on higher plans; 0.25% on trade free plan.

Equity Intraday: Nil

Read More: Best Investment Platforms in India 2023

7. Paytm Money

Paytm Money is without any doubt one of the largest online trading app with almost 14 million users. Started in 2017, it’s known for its very-low brokerage fees. You don’t have to pay anything for things like opening and maintaining your account.

Features:

• There are options to invest in MFs, IPOs, equities, and NPS.
• You get in-house brokerage calculator and 
• You also get expert mutual fund investment advice.
• Access to features like margin funding and margin against shares.
• Only via chat and email grievances are resolved.

Account opening charges: Nil

Ratings: 4.1 on Google Play Store 

Brokerage charges:

Equity Delivery: Nil

Equity Intraday: 10 INR

Pros 

• It’s a SEBI-registered investment advisor that provides mutual fund advisory services.
• An extra layer of security is provided by two-factor authentication.
• The interface is user-friendly and neat.
• Onboarding is hassle-free.

Cons

• Customer support tends to be less responsive.
• Unfortunately, there are no services for NRI trading accounts.
• Intraday trading tips and recommendations are not provided.
• You cannot do commodity and currency trading.

8. ICICI Direct Markets App

ICICI Direct is a well-established brokerage service provider in India, part of the ICICI Group. It provides easy online trading and investment services for everyone, whether you’re a seasoned investor, trader, or just starting out. As a full-service brokerage app, it gives free advice, research, and even offers free equity futures trading.

Features:

• Dive into detailed research on stocks and derivatives.
• Stay updated with smart stock alerts that protect you from high-risk and penny stocks.
• Quickly place orders by swiping to buy or sell, thanks to the user-friendly interface.
• Choose from different plans with varying features and charges, such as the prime plan, neo plan, and lifetime prepaid brokerage plan.

Account opening charges: Nil

Ratings: 4.2 on Google Play Store 

Brokerage charges: Check out brokerage fees and charges

Pros 

• Log in using biometrics for added security.
• Enjoy a high refresh rate and minimal downtime.
• The updated app is more responsive.
• Smart alerts keep you safe from high-risk stocks.
• Count on responsive customer service.

Cons

• Log in using biometrics for added security.
• Enjoy a high refresh rate and minimal downtime.
• The updated app is more responsive.
• Smart alerts keep you safe from high-risk stocks.
• Count on responsive customer service.
• Some users have reported a slow login process.
• Exchange membership is restricted to BSE and NSE.
• It’s not a tech-driven app.
• Average ratings on both iOS and Android.
• Can be challenging for beginners.

9. TradingView App

This app is known for stock chart analysis, automated pattern recognition, screening, backtesting, live trading. TradingView is recommended for US and international traders.

Features:

• TradingView offers Stocks, Forex, Futures, and Cryptocurrency trading portfolio. 
• It has a largest active social trading community.
• Has good stock screening for traders 
• The Stock Rover screening is useful for long-term investors
• Metastock has more powerful backtesting tools.
• You can get TradingView Pro, Pro+, and Premium for free for 30 days

Account opening charges: Check the Brokerage charges

Ratings: 4.4 on Google Play Store 

Pros

• More than 19 milion user community, which is perfect for learning 
• Can directly trade from the charts
• Best in 1st class screening & chart Analysis
• You can trade on all stocks exchanges around the world 
• 100,000+ User Generated Strategies
• Access to cost effective solution
• One of the best usability 
• Flexible backtesting with pine script

Cons

• Not ideal for value or dividend Investors
• No access to stock options features

10. IIFL

IIFL app is popular for stock tips and research reports, and these are offered free to their clients.

Features:

• Get a comprehensive and advanced dashboard for commodities, indices, and currencies.
• Stay updated with in-depth coverage of markets.
• Use advanced technical charting tools like Bollinger Bands, MACD, RSI, and moving averages.
• Apply for IPOs without the hassle of paperwork.
• You get an instant notifications for orders, trades, and news.
• The “Call” feature gives you intraday tips for placing orders.

Account opening charges: Nil

Ratings: 4.4 on Google Play Store 

Brokerage charges:

Equity Delivery: INR 20

Equity Intraday: INR 20

Pros:

• User interface is easy to use.
• You get free research reports.
• Customer care is very active, you get quick responses
• Allows placing After Market Orders (AMOs).

Cons:

• Lot of complaints from user in the portfolio section.
• Call and trade services are offered with an extra charges, which is of INR 50.

Conclusion

In the world of finance, the question of the best stock market app holds a lot of weight. The rise of stock trading app has transformed investment approaches, it has simplify what was once a complex process. 

The accessibility of these apps makes trading easy and convenient, even for newcomers. With various features and services, these apps cater to the diverse needs of investors.

As we go into the realm of stock market apps, it’s evident that Gen Z and millennials have embraced these platforms. The considerable increase in demat accounts is proof of the appeal of these apps, driven by attractive returns and a streamlined account opening process.

Choosing the right trading platform can be difficult, amid endless options  available. Our extensive research aims to guide you through this journey, providing insights into some of the best stock market apps.

Explore these apps, empower yourself with knowledge, and make informed financial decisions.