15 Best Trading Apps & Websites in India (2023)

Interested in Best Trading Apps for Trading in India? Here are the 15 best trading apps and websites available in India operating worldwide where you can trade hassle-free and make money.

With the increasing awareness about Investments by GOI, we have seen 2x growth in Demat account openings in India in the past 2 years.

As of December 2023, a total of 11 crores Demat Accounts are there in India as compared to 8.4 crores in December 2022 and 3.6 crores in March 2019. These numbers are huge!

We can directly relate that more investors are joining the investment market and the demand for the best trading apps in India is increasing.

New Fintech startups are also joining hands and creating the best trading apps by providing the faster and most convenient trading experience.

In this post, I’m going to cover these best stock trading apps and will help you in making your decision on the right trading app for you. 😀

Related: 20 Top Finance Companies in India

15 Best Trading Apps – Stock Brokers in India

First, I’m directly taking you to the best trading apps. In this, I am going to tell you about the features, benefits, pricing part, and my recommendation on why this particular app is best for you.

After that, I will take you to the FAQs and some Pro Tips that will help you in deciding better.

1. Upstox

With 80+ Lakh users, Upstox is my favorite and one of the best trading apps in India. Founded by 3 professionals Ravi Kumar, Kavitha Subramanian, and Shrini Viswanath, RKSV Securities (Upstox) is an easier and cheaper trading platform.

Upstox Chargelist

• Account Opening – Free
• AMC – Zero
• Brokerage (Equity) – ₹20 or 2.5% whichever is lower
• Brokerage (Intraday and Futures) – ₹20 or 0.05% per executed order
• Brokerage (Options) – ₹20 Flat

Upstox- Pros & Cons

Features & Pros

• Easy to use Android and iOS apps.
• All Payment Options Available
• Withdrawal within 24 hours after trading hours. Instant Withdrawal can be done from 11 AM to 4 PM.
• 100+ technical real-time indicators.
• Trade From Charts (TFC) feature to trade directly from the chart.
• Unlimited Price Alerts with Instant Notification.
• Unlimited Watchlists
• Stocks – IPO, Delivery, Intraday, F&O, Commodities, and Currency with Latest News support.
• Mutual Funds – SIP and Lump-sum with Fund Portfolio and Performance Chart.

Cons

• Less preferable for Mutual Fund Investment.

2. Kite by Zerodha

Started in 2010 by two brothers Nithin Kamath and Nikhil Kamath, Zerodha is the most used and best trading app in India now.

Zerodha has 2 apps, one is Kite for Stocks, and one is Coin for Mutual Funds. Both apps are interlinked with the same Client ID. Funds added on Zerodha can be used on either of the apps.

Zerodha Brokerage Charges

• Account Opening – ₹200 + ₹100 for Currency and Commodity
• AMC – ₹300/year + GST
• Brokerage (Equity) – Zero on Delivery Orders
• Brokerage (Intraday & Futures) – ₹20 or 0.03% whichever is lower
• Brokerage (Options) – ₹20 per executed order

Zerodha – Pros & Cons

Features & Pros

• Available on Android and iOS smartphones.
• 6 Chart Types with all indicators for the best and premium chart experience.
• Payment Options – UPI, Net Banking, Fund Transfer
• Withdrawal credited to your account within 24 hours if placed within the cut-off time i.e. 10:00 PM on weekdays and 4:30 PM on Saturdays. Else it takes 48 hours.
• Stocks – IPO, Delivery and Intraday, F&O, Best Watchlist, News & Events Segment, Price Alerts, TOTP for Risky Trades.
• Order Placement – Brackets, Basket, Cover, After Market Orders (AMO)
• Mutual Funds – Lum-Sum, SIP, Peer Comparison, Sector-wise division, Funds of Funds.
• Top-notch security with Face Recognition and Fingerprint Lock.

Cons

• Slow Price Alert Feature
• No Direct Support

3. Groww

Groww is a fintech startup developed by a group of IITians and an MBA. Starting in 2017, this company is backed by top investors including Microsoft, Sequoia Capital, Ribbit Capital, and Propel Venture to become one of the best trading apps in India.

Groww Brokerage Charges

• Account Opening – Free
• AMC – Zero
• Brokerage (Equity) – ₹20 or 0.05% whichever is lower
• Brokerage (F&O) – ₹20 per executed order
• Brokerage (MF) – Free

Groww – Pros & Cons

Features & Pros

• Available for both Android and iOS users.
• Loaded with Technical Charts and Indicators.
• Payment Options – UPI, Net Banking, and Bank Transfer.
• Free Money Withdrawal in 24 hours. Amounts of more than ₹25,000 will be withdrawn during bank working hours.
• Stocks – IPO, Stock Trading & Investment, F&O, Sovereign Gold Bonds. Inbuilt News and Events options for every stock.
• Mutual Funds – Mutual Fund Calculator, Peer Comparison, Lump-sum and SIPs, Live NFOs, Import Funds.
• Create a Fixed Deposit with all partner banks with premature withdrawal.
• 128-bit SSL Encryption to protect your money and data.

Cons

• Advanced Orders like Brackets, Basket, and Cover is currently not available on Groww.
• Not preferable for charting & technical analysis.
• Unorganized watchlist feature at the end.

4. IIFL Securities

Owned by the Market Guru – Sanjiv Bhasin, IIFL Securities Ltd. was awarded as the best stock trading app in India by Zee Business.

They have a good research team that regularly publishes equity reports. This opens an option to add that particular stock to your portfolio.

IIFL Securities Charges

• Account Opening – Free
• AMC – ₹250 from 2nd Year
• Brokerage (Equity) – 0.50% to 0.10%
• Brokerage (Intraday and F&O) – ₹20 or 0.025% (whichever is higher)
• Brokerage (Commodities & Currencies) – 0.015% to 0.050%
• Mutual Funds – ZERO

IIFL Securities – Pros & Cons

Features & Pros

• Buzz – Button on the home screen to know live market updates and news.
• Options Chain – Equity, Index, Currency, and Commodity
• Create unlimited watchlist
• ETFy – ETF Baskets that have low volatility and high returns
• Depository – CDSL, NSDL
• Advanced charts with 100+ indicators.
• Swing Trading Ideas with Technical and Fundamental Analysis.
• Filter and Find stocks based on stock price, market cap, and more.
• Superstars – Track portfolio of top individual and institutional investors.
• Paper trading with virtual portfolio.

Cons

• UI is not that good.

5. 5paisa

Started in 2016, 5paisa is a leading fintech startup that helps you to invest at a very low cost as compared to other best trading apps in India.

With an all-in-one investment app and easy-to-use interface, we recommend you use this app even if you are new to the market.

5paisa Charges

• Account Opening – Free to Paid Plans
• AMC – ZERO
• Brokerage (Equity) – ₹20/order
• Brokerage (Intraday and Futures) – ₹20/order
• Brokerage (Options) – ₹20/order
• Mutual Funds – ZERO

5paisa – Pros & Cons

Features & Pros

• You can invest in Stocks, Derivatives, Currency, Commodities, Mutual Funds, Insurance, Loans, and Wealth in a single platform.
• Investment Calculator
• Fin School for simplified learning.
• 24-hour withdrawal for all available funds placed anytime.
• Backed by IIFL Securities. That means the DEMAT Account will be opened by IIFL.
• Stocks – Portfolio Basket, Smart Research Tools, IPOs, and US Stocks.
• Mutual Funds – Auto Investor for financial goals, New Funds (NFO), Handpicked Collection.

Cons

• No Trading in Commodities
• ₹100 for “Trade to Call”

6. Angel One

Formerly known as Angel Broking, Angel One is a broking house with over two decades of experience. Starting in August 1996, it is one of the oldest brokerage houses.

With the expertise of founders, angel one is now transforming into a FinTech platform enabling clients to meet their financial dreams.

Angel One Charges

• Account Opening – Free
• AMC – Zero for 1st Year
• Brokerage (Equity) – ZERO
• Brokerage (Intraday and F&O) – ₹20 or 0.25%
• Brokerage (Commodities & Currencies) – ₹20 or 0.25%
• Mutual Funds – ZERO

Angel One – Pros & Cons

Features & Pros

• Offers loans against shares, investor education, and investment advisory.
• Depository – CDSL
• Member of NSE, BSE, MSEI, NCDEX, and MCX.
• Provide Fundamental Research and Trading Ideas for better money appreciation.
• Live updates on Top Gainers and Top Losers.
• Stocks – Equity, Derivative, Currency, and Commodities. It also supports the US Stocks Investment through Vested Finance.
• Mutual Funds – Portfolio Tracking and Investment

Cons

• Little dull user interface
• Lagging in Price and Charts

7. Fyers

A newly launched trading platform that allows drag-and-drop trading for a faster trading experience. This feature allows you to take trades on charts integrated with TradingView.

This stock trading app must be recommended for interday and derivatives traders.

Fyers Charges

• Account Opening – ZERO
• Payment Gateway Charges – ZERO
• Delivery – ZERO
• Intraday – ₹20 or 0.03%
• Options – ₹20
• Futures – ₹20 or 0.03%

Fyers – Pros & Cons

Features & Pros

• Integrated with TradingView with CPR Indicator.
• Fyers Web for Chart Trading.
• Fyers Direct for free mutual fund investing.
• Fyers One for Trading, Investing, and Analysis.
• Learn Stock Market with Fyers School of Stocks.
• Depository – CDSL

Cons

• Platform sometimes hangs during high trading minutes.

8. Motilal Oswal (Trader & Investor Apps)

Motilal Oswal Financial Services was founded by Motilal Oswal and Raamdeo Agrawal in 1987. Currently, MO has 44 Lakh+ customers, and offices are in 550 cities.

I don’t like trading and investing through any of the MO apps because the design is very complicated. But I use this app as they are well-known for its research and investment ideas. They even invest 10% of their revenue in research and hiring research professionals.

Motilal Oswal Charges

• Account Opening – Free
• AMC – ZERO
• Brokerage (Equity) – 0.50%
• Brokerage (Intraday and Futures) – 0.05%
• Brokerage (Options) – ₹20 per lot
• ₹1,000 Cashback on Brokerage Charges.

Motilal Oswal – Pros & Cons

Features & Pros

• Different Pricing Plans depend on your portfolio size.
• Available in 4 different languages – English, Hindi, Gujarati, and Tamil.
• Best Market Analyst Award by Zee Business.
• Advanced Trading Platform for Experts.
• Portfolio news for the stocks that are in your portfolio.
• Money can be withdrawn on the same or the next day when you create a withdrawal request between 12 PM to 7 PM.
• Stocks – Delivery, Intraday, F&O, Commodities, and Currencies.
• Mutual Funds – SIP, Lumpsum, and MO Advisory.

Cons

• Bad design for Novice users
• Not good for Charts

9. Paytm Money

Paytm Money is an investment and trading app by Paytm. You can invest your money in stocks, mutual funds, IPOs, NPS, and wealth baskets. A total of 12M+ investors are investing and trading via Paytm Money.

Paytm Money also runs an investor education initiative known as Wealth Academy, where you can learn investment & trading through video classes for free.

Paytm Money Charges

• Account Opening – Free
• AMC – ₹1 per day (counted for days exchange is open)
• Brokerage (Equity) – ZERO
• Brokerage (Intraday) – ₹20 or 0.05% (whichever is less)
• Brokerage (F&O) – ₹20 or 0.02% for Futures and Flat ₹10 for Options
• Brokerage (Commodities & Currencies) – ₹20 or 0.25%
• Mutual Funds – ZERO

Paytm Money – Pros & Cons

Features & Pros

• Voice Trading – Invest and Trade with just a tap of the mic.
• Trade-in Equity and Equity Derivatives only.
• Pre-Open IPO Applications – Place order 24×7
• Cover Order, Bracket Order, GTT Buy & Sell Order.
• Good Fit for Price Alert.
• Access to ETFs across debt, equity, and gold.
• Invest in Wealth Baskets to build short-term or/and long-term portfolios.
• Portfolio Management Services with a minimum investment of ₹50 lakhs.
• Mutual Funds – Portfolio Tracking, Investment as low as ₹100, and SIPs.

Cons

• ETFs, Currency, and Commodity are not available yet.

10. Tick Pro by Reliance

Owned by Reliance Smart Money, Tick Pro is an easy-to-use stock trading app with some great features. You will get everything on a single app. I like the web version to view detailed P&L reports.

Tick Pro Charges

• Account Opening – Zero
• Delivery – 0.1%
• Intraday and Futures- 0.01%
• Options – ₹20 per lot
• Mutual Funds – Free

Tick Pro Pros & Cons

Features & Pros

• Simplified app for Equity, Derivatives, Commodities, and Mutual Funds.
• T+7 days margin without any charges.
• Invest in IPO, NFO, NCD, and SGB.
• Scanners and Analytics for better investing.
• Research Trading Ideas and Basket Trading.
• Detailed reports on Equity and Commodity including complete activities.

Cons

• No Cons

11. HDFC Securities

HDFC Securities is a trading app by the largest private sector bank of India i.e. HDFC Bank. It has 4 million+ customers only as this is a complex platform for new users.

If you are comfortable with using a complex platform, then you will get several features that no other broker can provide you with.

HDFC Securities Charges

• Account Opening – ZERO
• AMC – Zero for 1st Year
• Brokerage (Equity) – 0.5% to 0.1% (Depends on Plan)
• Brokerage (Intraday and F&O) – ₹20
• Brokerage (Commodities & Currencies) – ₹20 or 0.25%
• Mutual Funds – ZERO

HDFC Securities – Pros & Cons

Features & Pros

• Trade Smart by Excel-Based Trading, IPO Application through UPI, Pledge – MF & Stocks
• Bracket Orders, Basket Orders, Off-market Orders, Order Slicing, Smart Order Routing
• Global Investing feature to start investing in US Stock Market.
• Stock SIP for better ROI.
• Depository – CDSL, NSDL
• Member of NSE, BSE, MSEI, NCDEX, and MCX.
• Rollover futures contracts to a different expiry.
• Stocks – Equity, Derivatives, US Stocks, Commodities, and Currency including stock SIP.
• Mutual Funds – Portfolio Management, Margin on MF Portfolio, SIP Orders, and more.

Cons

• No Fit for new stock market users
• Higher brokerage charges

12. ICICI Direct

With 5M+ customers, ICICI Direct is another static trading platform just like HDFC securities. So, you will not get a user experience just like new trading apps in India.

It is also known for its unique research with teams having a strike rate of 75%. You can make smart trading decisions by going through the research.

ICICI Direct Charges

Pricing directly depends on the plan that you are going to choose. I am taking an example of the NEO plan.

• Account Opening – ₹299 per year
• AMC – Zero for 1st Year
• Brokerage (Equity) – 0.15%
• Brokerage (Intraday) – ₹20 per order
• Brokerage (Futures) – ZERO
• Brokerage (Options) – ₹20 per order
• Brokerage (Commodities & Currencies) – ₹20 per order

ICICI Direct – Pros & Cons

Features & Pros

• Faster Charts with 100+ technical indicators
• eATM – Transfer funds to your bank account within 30 minutes of order execution.
• Buy Now Pay Later – Get a limit to trade in stocks without worrying about funds.
• A 3-in-1 account that integrates Bank, Broker, and Demat.
• VTC Feature to place buy/sell orders with a validity of 45 days.
• Depository – NSDL and CDSL
• Check Top Gainers/Losers on the home page along with weekly and monthly data.
• Mutual Funds – Allocate Funds, Direct Funds, and Account Management

Cons

• High and non-negotiable brokerage

13. Kotak Stock Trading App

Kotak stock trading app is a newly developed app by Kotak Bank with some greatly enhanced features. This app is designed in such a way that you can take a faster trade with simplicity and ease.

Kotak Securities Charges

• Account Opening – ZERO
• Subscription Fee – ₹499 + GST for a Year
• Delivery – ZERO
• Intraday and F&O – ZERO
• Mutual Funds – ZERO

Kotak Securities – Pros & Cons

Features & Pros

• Recent Search History to track your recently searched stocks.
• Personalized Unlimited Watchlists with Presets
• Manage Risk with Trailing Stop Loss or Bracket Order
• Basket Trading for multiple stock investment
• Research Reports by a well-qualified team of Kotak Securities.
• Market News, Events, Market Movers, Market Map, and Option Chain.

Cons

• An issue with Chart loading time
• App Crash – Market Open and Close

14. Sharekhan

Sharekhan is owned by a leading European Bank known as BNP Paribas. It has a team of 750+ service managers that help you to make quick decisions and create your financial goals. So, Sharekhan is a combination of both Human and Technology Intelligence.

Sharekhan Charges

• Account Opening – ZERO
• AMC – Free for 3 years
• Delivery – 0.50% or 10P per share or ₹16 per script (whichever is higher)
• Intraday – 0.10%
• F&O – 0.10%
• Mutual Funds – Free

Sharekhan Pros & Cons

Features & Pros

• Apply for IPO before the start date or even after trading hours.
• Unique research for stocks and mutual fund investments.
• Free Dial-N-Trade for on-call trades.
• Sharekhan Classroom for digital learning from in-house experts.
• One platform for every investment and trading need.
• TradeTiger – A trading platform for pro and experienced traders.

Cons

• High Brokerage Charges

15. Axis Direct

Axis Direct is known for an AI & ML-driven platform Axis Intellect to provide investing ideas. You can consider these investment ideas to attain your investment goals.

Axis Direct Charges

• Account Opening – ₹999
• AMC – ₹650 (from 2nd year)
• Delivery – 0.50%
• Intraday and Future – 0.05%
• Options – ₹10 per lot

Axis Direct Pros & Cons

Features & Pros

• Deal in Equity, Derivatives, Mutual Funds, ETFs, SIP, Tax Savings, Insurance, Fixed Income, IPOs, and Commodities.
• E-Margin for Buy Now and Pay Later – Pay 25% and carry trades for 90 days.
• Intraday trades up to 25 times
• Avail of a loan against your Portfolio
• FinPlan – Platform for Wealth Building and Financial Planning.
• Invest in US Stocks through Vested.

Cons

• High charges compared to other brokers
• Complicated platform

Final Thoughts on Best Apps for Trading

In the time of innovation, we all saw significant changes in stock trading patterns. New fintech startups are doing good in this evolution. Thus, I mentioned Groww, 5Paisa, Upstox, and Zerodha in the top list of best apps for trading.

I know you will surely get the best trading app matching your requirements. I recommend you trade or invest by considering Risk Management and Trading Psychology. If you are new to this, start with the paper/demo trading feature offered by IIFL Securities.