Home
Share Market

Top 10 Trading Apps in India 2024: Features, Charges, User Experience

Top 10 trading apps in India in 2024
In recent years, trading in India has surged in popularity, largely due to the accessibility provided by various trading apps. With so many options available, choosing the right one can be overwhelming. In this guide, we'll break down the top 10 trading apps in India for 2024, making it easier for investors to find the platform that suits their needs best.

Trading Apps: Account Opening Charges and Account Maintenance Charges

Apps AOC AMC
Groww Nil Nil
Upstox Pro Nil Nil
Paytm Money Nil Nil
Dhan Nil Nil
Zerodha Kite Rs. 200 Nil
Motilal Oswal Nil Rs. 199
Angel One Nil Rs. 240
Edelweiss Nuvama Nil Rs. 300
5Paisa Nil Rs. 300
ICICI Direct Nil Rs. 700

1. Groww:

  • Overview: Founded in 2016, Groww has emerged as a versatile investment platform catering to various asset classes.
  • Features: Offers stocks, F&O, IPOs, mutual funds, US stocks, with zero account opening and maintenance charges.
  • Brokerage Charges: Competitive brokerage rates, with equity delivery brokerage at Rs 20 per executed order or 0.05%.
  • User Ratings: High ratings on both Google Play Store and Apple App Store, reflecting user satisfaction.

2. Upstox Pro:

  • Overview: Established in 2009, Upstox Pro provides a user-friendly interface and diverse investment options.
  • Features: Allows trading in stocks, F&O, commodities, currencies, IPOs, with zero account opening and maintenance charges for new users.
  • Brokerage Charges: Transparent fee structure, with equity delivery brokerage at Rs 20 or 2.5%.
  • User Experience: Positive reviews on app stores, indicating a seamless trading experience.

3. Paytm Money:

  • Overview: Launched in 2017, Paytm Money offers hassle-free investment opportunities with digital KYC and automated payments.
  • Features: Enables trading in stocks, F&O, IPOs, mutual funds, NPS, with zero paperwork and account charges.
  • Brokerage Charges: Competitive rates, with flat fees for different segments.
  • User Feedback: Well-received by users for its simplicity and convenience.

4. Dhan:

  • Overview: A newcomer in the financial services sector, Dhan focuses on providing intuitive investment solutions.
  • Features: Offers stocks, F&O, IPOs, mutual funds, commodities, currencies, with zero account opening and maintenance charges.
  • Brokerage Charges: Minimal charges with a flat fee structure for different trading segments.
  • User Interface: Simplistic UI with real-time notifications for investment opportunities.

5. Zerodha Kite:

  • Overview: Established in 2010, Zerodha Kite is known for its zero-barrier approach to stock trading.
  • Features: Diverse asset classes including stocks, commodities, currencies, IPOs, government securities, SGBs.
  • Brokerage Charges: Transparent fee structure with nominal charges for account maintenance.
  • Market Reputation: Recognized for its innovation and commitment to empowering retail investors.

6. Motilal Oswal:

  • Overview: A veteran in the industry since 1987, Motilal Oswal offers a comprehensive suite of investment services.
  • Features: Covers stocks, F&O, IPOs, mutual funds, commodities, currencies, with competitive brokerage rates.
  • Brokerage Charges: Zero account opening fee, with a nominal account maintenance charge.
  • Trustworthiness: Established reputation and promoter-backed shareholding composition.

7. Angel One:

  • Overview: Operating since 1996, Angel One provides a wide range of investment options, including US stocks.
  • Features: Comprehensive asset coverage, user-friendly interface, and access to global markets.
  • Brokerage Charges: Zero account opening fee, with a nominal account maintenance charge.
  • Market Cap: Strong market presence and a diverse client base.

8. Edelweiss Nuvama:

  • Overview: Formerly known as Edelweiss Broking Limited, Nuvama boasts a large active client base since its inception in 1995.
  • Features: Offers stocks, F&O, IPOs, mutual funds, commodities, currencies, with a user-friendly interface.
  • Brokerage Charges: Transparent fee structure with nominal account maintenance charges.
  • Client Base: Wide reach with branches across major cities in India.

9. 5Paisa:

  • Overview: Established in 2015, 5Paisa is a subsidiary of IIFL, offering a broad spectrum of investment options.
  • Features: Stocks, F&O, IPOs, mutual funds, commodities, currencies, US stocks.
  • Brokerage Charges: Flat fees for different trading segments, making it cost-effective for investors.
  • Parent Company: Backed by a reputable financial institution, ensuring reliability and stability.

10. ICICI Direct:

  • Overview: A subsidiary of ICICI Bank since 1995, ICICI Direct provides a seamless trading experience with competitive charges.
  • Features: Stocks, F&O, IPOs, mutual funds, commodities, currencies, with robust research and analysis tools.
  • Brokerage Charges: Account maintenance charges are relatively higher but offset by the comprehensive service offerings.
  • Brand Reputation: Trusted brand associated with one of India's leading banking institutions.

Conclusion:

With an array of trading apps available in the market, selecting the right one depends on individual preferences, investment goals, and risk appetite. Whether you're a seasoned investor or a beginner, these top trading apps in India for 2024 offer a blend of convenience, affordability, and reliability, empowering investors to navigate the financial markets with confidence. Choose wisely, keeping in mind your financial objectives and trading preferences.

FAQs:

Q: Are trading apps safe to use?
Ensure the app/platform is run by a SEBI-registered broker.

Q: Which app is best for stocks?
The best app depends on individual preferences and risk appetite.

Q: What markets can I trade on these apps?
Most apps allow trading in India, with some offering access to US markets.

Q: Do these apps charge fees or commissions?
Yes, most apps have brokerage fees. Check the details before using.