An option trading app provides a convenient and accessible platform for investors and traders to engage in options trading.
With features such as real-time market data, advanced charting tools, and order placement capabilities, option trading apps empower you to analyze market trends, execute trades, and manage your options portfolio on the go.
These apps offer a user-friendly interface, security features, and often integrate additional tools and resources for informed decision-making in the options market.
However, you need to open a Demat and trading account to use the option trading app of the stockbroker.
Quick Comparison of 5 Best Option Trading Apps in India
| Ranking | Trading App | Android User Ratings(out of 5) | iPhone User Ratings(out of 5) | App Quality and Performance |
| 1 | Zerodha Kite App | 4.3 | 3.4 | Fast |
| 2 | 5paisa App | 4.2 | 4.0 | Fast but slows down in peak hours |
| 3 | Upstox App | 4.1 | 4.2 | Fast but hangs sometimes |
| 4 | Angel One App | 4.1 | 3.6 | Doesn’t reflect funds added or margin used in real time |
| 5 | HDFC Securities App | 3.7 | 3.7 | Fast but show error in F&O orders |
5 Best Option Trading Apps in India
#1. Zerodha kite Option Trading App
According to our research report on top 20 stock brokers in India, Zerodha is one of the largest discount brokers in India with more than a 64 lakh customer base.
Zerodha Kite is a simple and user-friendly interface, ensuring a seamless trading experience for option trading. You can check out all options such as watchlist, portfolio, and orders at one place.
You can access all trading tools like advanced candlestick charts and Chart IQ that offer real-time information of the trend and price movements. You can also create multiple watchlists as per your requirements.
Kite mobile option trading app is a miniature version of Zerodha’s Kite desktop trading platform which is the best trading platform among all discount brokers.
Zerodha Kite mobile is designed to have a small app size of 26 MB, ensuring it doesn’t consume excessive phone memory. This efficient optimization allows you to run the app smoothly, even on devices with limited storage capacity.
Key Features of Zerodha Kite Option Trading App
- Live streaming data
- Minimalistic User Interface
- Multiple market watch and live market depths
- Advanced charting interface with 100+ indicators
- Tradingview and ChartIQ charts
- Small App doesn’t consume phone memory
Brokerage & AMC charges
| Brokerage & Other Charges | Amount |
| Equity Delivery | Free |
| Intraday Brokerage | Rs. 20 or 0.03% whichever is lower |
| Equity Options | Rs. 20 per executed order |
| Currency F&O | 0.03% or Rs. 20 per executed order whichever is lower |
| Commodity F&O | 0.03% or Rs. 20 per executed order whichever is lower |
| Account Opening Fee | Equity – Rs. 200 Commodities – Rs. 100 |
| Annual Maintenance Charges | Rs. 300 (charged Rs. 75 per quarter) |
| Mutual Funds Investment | You need separate app “Coin” |
Zerodha Kite App Information
| Google Play Store | Apple App Store | |
| User Rating (in stars) | 4.3 | 3.4 |
| No. of Reviews | 193K | 1.3K |
| App Size | 26Mb | 72.4 MB |
| Downloads | 5 Millions | Apple doesn’t provide downloads information |
| OS Compatibility | Android 5.0 or later | iOS 9.3 or later |
#2. 5paisa Mobile Option Trading App
5paisa mobile option trading app allows you to place orders with just one click. You can execute your trades quickly and take advantage of market opportunities. You can also earn 5% monthly return from option trading when you diversify your 15 lakhs investment portfolio to get monthly income.
You can effortlessly switch between watchlists, access order details, and explore investment ideas through the ‘Idea’ section. The ‘My Stocks’ section allows you to track the value of your invested stocks.
You get access to research and advisory products, including Smart Investor, Screeners, Sensibull, and Small Cases with 5paisa mobile option trading app.
You have access to advanced charts with a wide range of studies and drawing functionality. This feature enables them to perform in-depth technical analysis, identify trends, and make informed trading decisions based on robust data.
The downside of the 5paisa option and intraday trading app is that it has a large app size 185.7 MB for iPhones.
5paisa charges you a flat Rs. 10 per order for option trading. But you need to pay the monthly subscription fee of Rs. 599 or Rs. 1199 for different brokerage plans, which is very high.
You can also go with a regular brokerage plan which charges you Rs. 20 per order for option trading and delivery. On the other hand, Zerodha charges free for equity delivery.
5Paisa option trading app features –
- Live Tracking: Stay updated with real-time stock prices and quotes from major exchanges such as NSE, BSE, and MCX.
- Advanced charting interface from MarketSmithIndia
- Easy funds transfer over 40 banks or via UPI for your trading
- One-click order placement
- Multiple security options such as fingerprint, face ID, pin, and pattern authentication.
Brokerage & AMC charges
| Brokerage & Other Charges | Amount |
| Equity Delivery, Intraday Brokerage, Currency, Commodity, F&O | Regular Pack – Rs. 20 per order Power Investor Pack – Rs. 10 per order Ultra Trader Pack – Rs. 10 per order |
| Account Opening Fee | Free |
| Monthly Subscription fee | Regular Pack – Rs. 0Power Investor Pack – Rs. 599/month Ultra Trader Pack – Rs. 1199/month |
| AMC charges | Rs. 300 yearly |
| Mutual Funds Investment | Direct Investment With No Commission |
5paisa App Information
| Google Play Store | Apple App Store | |
| User Rating (in stars) | 4.2 | 4.0 |
| No. of Reviews | 178K | 9.5K |
| App Size | 28 Mb | 185.7 MB |
| Downloads | 5 Millions | – |
| OS Compatibility | Android 4.4 or later | iOS 11.0 or later |
#3. Upstox Pro Mobile Option Trading App
Upstox Pro is a feature-rich option trading app that helps you trade-in shares, equity derivatives and currency F&O. With the “Trade from charts” (TFC) facility, you can execute trades directly from the charts.
The Upstox Pro trading app offers advanced charts with multiple intervals, types, and drawing styles. You can apply over 100 technical indicators in real-time, enabling comprehensive technical analysis of the market.
The app boasts a clean, clutter-free, and intuitive look, ensuring a user-friendly interface for seamless trading experience. You can use the various features such as predefined watchlists, customizable watchlists, real-time market feeds, and the ability to set unlimited price alerts.
You can also invest in IPO and digital gold directly from your mobile app which is missing in other competitors like Zerodha and 5paisa.
- Zerodha redirected to you “Console” for investing in IPO and “Coin” for investing in digital gold and mutual funds.
- 5paisa doesn’t offer IPO and digital gold investment through the mobile app. You can also go through our comparision of zerodha vs Upstox.
Upstox offers zero brokerage charges on equity delivery and Rs. 20 per transaction on intraday and F&O trades. You can also earn interest on your unallocated amount with quick funds transfer between trading and savings accounts.
Best Features of Upstox option trading App
- Facility to trade directly from charts using “Trade from charts” (TFC)
- Powerful charting tools with over 100 technical indicators
- Access to predefined watch-list of Nifty 50 and other indices
- Clutter-free UX and intuitive look
- Pre- and post-trade analytics
- Real-time market feeds to be updated on your scrips
- Create a customized watchlist
- Unlimited number of price alerts
Brokerage & AMC charges
| Brokerage & Other Charges | Amount |
| Equity Delivery | Free |
| Intraday Brokerage | Rs. 20 or 0.05% whichever is lower |
| Equity, Currency, Commodity Futures | Rs. 20 or 0.05% per executed order whichever is lower |
| Equity, Currency, Commodity Options | Flat Rs. 20 per executed order |
| Account Opening Fee | Free |
| Annual Maintenance Charges | Rs. 150 |
| Mutual Funds Investment | Direct Investment With No Commision |
Upstox Pro Mobile Trading App Information
| Google Play Store | Apple App Store | |
| User Rating (in stars) | 4.1 | 4.2 |
| No. of Reviews | 203K | 15.1K |
| App Size | 11 Mb | 67.4 MB |
| Downloads | 10 Millions | – |
| OS Compatibility | Android 5.0 or later | iOS 12.1 or later |
#4. Angel One App
If you are looking for an option trading app with a full-service broker, Angel One offers the “iTrade Prime” plan, which provides a flat brokerage fee of Rs. 20 per trade including options. You can go through our comparison of the Angel One vs Zerodha to know the brokerage charges of both stock brokers.
Angel One app offers 40 technical chart indicators to analyze various market movements and overlays for technical analysis and trading strategies.
The best part of Angel One app is an inbuilt ARQ tool for algorithmic-based trading. This feature allows you to trade on top-performing stocks, maximizing potential profits and streamlining trading decisions.
You can conveniently access past ten transactions for Ledger, Funds, and DP reports directly from the app, enabling efficient tracking of your financial activities.
The Angel One app offers invest in US stocks and ETFs with zero commission charges. Angel One is partnered with Vested, US Securities and Exchange Commission Registered Investment Advisor.
Angel One Trading App Features
- Insta trade feature for fast F&O trading
- Invest in US stocks, you may like to read US stocks investment apps.
- Easy access to share market analysis report
- Multiple instruments for deep analysis
- ChartIQ and TradingView charting
- ARQ algo based tool for free stock recommendation
Brokerage & AMC charges
| Brokerage & Other Charges | Amount |
| Equity Delivery | 0 (Free) |
| Intraday Brokerage | Rs. 20 per executed order |
| Equity, Currency, Commodity F&O | Rs. 20 per executed order |
| Account Opening Fee | Rs. 0 |
| Annual Maintenance Charges | Rs 240 Annually |
| Mutual Funds Investment | You need seperate app |
Angel One App Information
| Google Play Store | Apple App Store | |
| User Rating (in stars) | 4.1 | 3.6 |
| No. of Reviews | 173K | 11.9K |
| App Size | 45 Mb | 152.9 MB |
| Downloads | 5 Millions | – |
| OS Compatibility | Android 4.4 or later | iOS 10.0 or later |
#5. HDFC Securities Option Trading App
HDFC Securities option trading app is a reliable and user-friendly platform that offers to trade in equity, commodity, currency and F&O. With its intuitive interface, the app provides a seamless trading experience for options traders.
You can execute trades efficiently and access real-time market data to make informed decisions. The app ensures reliability and trust for traders seeking to engage in options trading including Call Option and Put Option.
You can access key investment ideas instantly on your smartphone. You can also quickly make trading decisions with real time charting.
You can also create multiple watchlists to save your favourite stocks. Additionally, the HDFC securities app has an embedded chat with support team functions for quickly resolving issues.
Features of HDFC Securities App
- Single-screen live market data monitor
- Instant key notifications about market moves
- Create multiple watchlists
- 2-click IPO application
- Intraday real-time charting
- Access to trending investment ideas
- Single click details on any stock
Brokerage & AMC charges
| Brokerage & Other Charges | Amount |
| Equity Delivery | 0.50% (for both buy and sell orders) OR minimum of Rs. 25, ORMaximum of 2.5% on transaction value (both buy and sell) |
| Intraday Brokerage | 0.50% (for both buy and sell orders) OR minimum of Rs. 25, ORMaximum of 2.5% on transaction value (both buy and sell) |
| Equity Futures | 0.025% OR a minimum of Rs. 25, ORMaximum of 2.5% on transaction value (both buy and sell) |
| Equity Options | Higher of 1% of the premium amount or Rs.100 per lot (Both Buy & Sell) |
| Currency Futures | Brokerage of Rs. 12 per contract on each side |
| Currency Options | Brokerage of Rs. 10 per contract each side |
| Commodity Futures | 0.020% or minimum Rs.20 per order |
| Commodity Options | Rs.100 per lot |
| Account Opening Fee | Free |
| Annual Maintenance Charges | Free for the first year Rs. 750 (from 2nd Year onwards) |
HDFC Securities App Information
| Google Play Store | Apple App Store | |
| User Rating (in stars) | 3.7 | 3.7 |
| No. of Reviews | 40K | 3.5K |
| App Size | 13 Mb | 66 MB |
| Downloads | 100K | – |
| OS Compatibility | Android 5.0 or later | iOS 9.0 or later |
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Conclusion
If you are looking for an option trading app, I would recommend you to go with Zerodha Kite for a better trading experience. Zerodha kite app is easy to use, huge stock listing and historical data, in-depth charting and low brokerage charges.
Upstox app is great for “Trade from charts” (TFC) facility which means you can execute trades directly from the charts. You can also invest in IPO and digital gold with Upstox mobile app.
You may go with 5paisa that offers flat Rs. 10 brokerage fees with power investor & ultra investor plan. The 5paisa app is ideal for beginners and seasoned traders. But you need to pay high subscription monthly charges.
FAQs
Zerodha charges maximum Rs. 20 per executed order for equity, currency, and commodity options.
HDFC Securities (full review) charges a fixed fee of Rs. 100 per lot for equity options, which is very high as compared to other stock brokers.
Yes, most option trading apps are available on multiple platforms, such as iOS, Android, and the web. This allows you to trade seamlessly across devices, ensuring flexibility and convenience.
Some of the popular and trusted options trading apps include Zerodha Kite, Upstox Pro, 5paisa Mobile, Angel One, and HDFC Securities.
These trading apps prioritize user security through robust security protocols and authentication measures, ensuring the safety and confidentiality of transaction details.
Yes, option trading can be risky due to the potential for significant price fluctuations and the possibility of losing the entire investment amount. It is important to understand the risks involved and have a thorough understanding of options strategies before engaging in option trading.
Yes, these apps are suitable for day trading options. With real-time market data, advanced charting tools, and fast execution, you can take advantage of intraday price movements and implement your trading strategies effectively.
Zerodha Kite is the best option trading apps for beginners as well as pro traders because they are easy to use, have high user ratings and offer low brokerage charges.
