Top 10 Best Trading App in India 2022 (Review & Comparison)

The daily turnover of top stock brokers in India via mobile trading is as below –

Mobile stock trading

Source – Economic Times

If you also want to go with the flow and start your share trading on mobile phone but confused about which is the best trading app for you, then you have landed at the right place.

In this article, we’ll discuss about the best share trading apps in India and you’ll also learn about how to analyze the best mobile trading app so that you can make an informed decision.

Without any further ado, lets start the best mobile trading app in India.

Comparison of 10 Best Trading Apps in India for Mobiles 

RankingTrading AppAndroid User Ratings(out of 5)iPhone User Ratings(out of 5)App Quality and Performance
1Zerodha Kite App4.3 3.4Fast
25paisa App4.24.0Fast but slows down in peak hours
3Upstox App4.14.2Fast but hangs sometimes
4Angel Broking App4.13.6Doesn’t reflect funds added or margin used in real time 
5Motilal Oswal Trader App3.73.6Seamless fast performance
6Sharekhan App3.72.8App crashes sometimes
7HDFC Securities App3.73.7Fast but show error in F&O orders
8Edelweiss App4.24.0Hangs in peak hours
9IIFL Markets App4.43.3Shows inaccurate details in margin category
10Fyers App4.14.3Sluggish

To use a specific trading app, you need to open a demat and trading account with the respective broker. 

Once you have opened an account with your selected broker, you can not only use their trading app, but also use other trading platforms such as web terminal or desktop trading software.

Without wasting time, let’s check out top 10 best trading apps in India for beginners as well as professionals 

10 Best Trading App in India 2022

#1. Zerodha Kite

Zerodha Kite Trading App

Zerodha Kite App is one of the most popular trading apps due to user friendly design. Zerodha kite is easy to use which is ideal for beginners and provides advanced analytical tools which is the main requirement for advanced traders. 

Zerodha Kite is a lightweight app (only 26 MB) that doesn’t slow down your phone because of less RAM consumption and requires less storage space on your phone.

The interface is simple and you can check out all options such as watchlist, portfolio, orders, and other apps at one place.

Zerodha Kite app dashboard

You can trade instantly by searching your script and you can create multiple watchlists as per your requirements.

You can use ChartIQ and TradingView charting tools to check real time market movements as well as historical data analysis.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity DeliveryFree
Intraday Brokerage Rs. 20 or 0.03% whichever is lower
Account Opening FeeEquity – Rs. 200 and Commodities – Rs. 100
Annual Maintenance ChargesRs. 300 (charged Rs. 75 per quarter)
Mutual Funds InvestmentYou need separate app “Coin”

Zerodha Kite App Information

Google Play StoreApple App Store
User Rating (in stars)4.3 3.4
No. of Reviews193K1.3K
App Size26Mb72.4 MB
Downloads5 MillionsApple doesn’t provide downloads information 
OS CompatibilityAndroid 5.0 or lateriOS 9.3 or later

Advantages of Zerodha Kite

  • Minimalistic User Interface
  • 100+ indicators with advanced charting interface
  • Tradingview and ChartIQ charts
  • Small App doesn’t consume phone memory
  • Dark mode and Black mode to save battery
  • 2FA dual security with Password and PIN
  • Reliable Customer service
  • Compatible with older iPhones like iPhone 5

Disadvantages of Zerodha Kite

  • Sometimes sluggish performance at peak hours

Best for – An overall best trading app

You can also read complete Zerodha Review here

#2. 5paisa App

5paisa Trading App

5paisa trading app has the most easy to use user interface. 

You can easily switch between your watchlists, Nifty50, your order details in “Book” section, along with ‘idea’ for stock investment tips and MF for mutual funds investment.

You can also check the value of stock you have invested in the “My Stocks” section.

5paisa app dashboard

5paisa app also allows you to invest in direct mutual funds, that means you don’t have to pay any commission to 5paisa while investing in mutual funds.

You can also check detailed charting powered by MarketSmithIndia. 5paisa provides all the essential details of a stock such as EPS strength, price estimates and news about that stock in a categorised manner.

5paisa becomes costly if you are a regular investor and you go for stock delivery. Because, you have to pay Rs. 20 per order on stock delivery in the regular pack, and Rs. 10 per delivery order in other premium packs.

On the other hand, Zerodha offers free equity delivery.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity Delivery & Intraday Brokerage Regular Pack – Rs. 20 per order
Power Investor Pack – Rs. 10 per order
Ultra Trader Pack – Rs. 10 per order
Account Opening FeeRs. 650
Maintenance ChargesRegular Pack – Rs. 45/month (only in the month you traded)
Power Investor Pack – Rs. 499/month
Ultra Trader Pack – Rs. 999/month
Mutual Funds InvestmentDirect Investment With No Commision

5paisa App Information

Google Play StoreApple App Store
User Rating (in stars)4.24.0
No. of Reviews178K9.5K
App Size28 Mb185.7 MB
Downloads5 Millions
OS CompatibilityAndroid 4.4 or lateriOS 11.0 or later

Advantages of 5paisa App

  • Easy User Interface
  • Inexpensive for seasonal traders due to maintenance charges only for traded month
  • Buy/sell stocks across multiple exchanges instantly
  • Advanced charting interface from MarketSmithIndia
  • Multiple security options such as fingerprint, face id, pin and pattern
  • Compatible with old android phones with Android 4.4 or above

Disadvantages of 5paisa App

  • App gives error at peak hours sometimes
  • Bigger iPhone app size
  • No dark mode 

Best for – New traders with easy user interface

Also read – Best discount broker in India

#3. Upstox Stock Trading App

Upstox Trading App

Upstox (read full review) allows you to invest in IPO and digital gold directly from your mobile app which is missing in other competitors like Zerodha and 5paisa. 

In the Zerodha app, you are redirected to the “Zerodha Console” portal to invest in IPO and if you want to invest in digital gold, you have to visit the “Zerodha Coin” portal because the “Coin” app only supports mutual funds investments.

If we talk about 5paisa, they don’t offer IPO and digital gold investment through app.

Upstox has an edge over here and secondly, the app has an interactive design for easy usability.

You can checkout watchlists, order history, investment options, portfolio management right from your smartphone.

Upstox app dashboard

You can access charts, scrip details or market depth at one place. The charting is provided by ChartIQ for in-depth analysis.

Upstox also offers a 3-in-1 account that merges a savings account, a demat account and a trading account in one account. They have a collaboration with IndusInd bank for a 3-in-1 account.

A 3-in-1 account allows you to earn interest on your unallocated amount with quick funds transfer between trading and savings accounts.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity DeliveryFree
Intraday BrokerageBasic Plan – Rs. 20 or 0.05% whichever is lower
Priority Plan – Rs. 20 or 0.10% whichever is lower
Account Opening FeeFree
Annual Maintenance ChargesRs. 45/month
Mutual Funds InvestmentDirect Investment With No Commision

Upstox App Information

Google Play StoreApple App Store
User Rating (in stars)4.14.2
No. of Reviews203K15.1K
App Size11 Mb67.4 MB
Downloads10 Millions
OS CompatibilityAndroid 5.0 or lateriOS 12.1 or later

Advantages of Upstox App

  • Convenient User Interface
  • Backed by big names such as Ratan Tata and Tiger Global
  • 3-in-1 smart account facility
  • One place to invest in stocks, mutual funds, IPO and digital gold
  • In-depth charting from ChartIQ

Disadvantages of Upstox App

  • Android App has some bugs 
  • Customer service not up to the mark
  • Not compatible with iPhone 6 or older ones

Best for – who wants to invest in multiple assets like digital gold and IPO through mobile app.

#4. Angel Broking Stock Trading App

Angel Broking Trading App

If you want a trading app with full service broking, then go with Angel broking and select “iTrade Prime” plan if you want a flat brokerage fee of Rs. 20 per trade. 

Angel Broking is the only full service broker that offers a flat brokerage plan.

In the Angel broking app, you can open a stock and get various charting options, best 5 stocks and other analytical options at one place.

You get 40+ indicators to analyze various market movements to make any buy/sell decisions which are low in number if you compare with Zerodha which is a discount broker but provides better charting options.

Angel Broking dashboard

App has an inbuilt ARQ tool for algo based trading that allows you to trade on top performing stocks and enhance your profits.

While opening account with Angel broking, do mention them to give you iTrader Prime plan, otherwise,  they will set a traditional fee plan by default in which you have to pay 0.04% on each leg in a trade and 0.40% for stock delivery . You will realise when you end up paying more brokerage for your executed trades.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity DeliveryiTrade Prime Plan – Free
iTrade Plan – Rs. 15 per order till Rs. 50,000 and Rs. 30 per order above Rs. 50,000
Traditional Plan – 0.40&
Intraday Brokerage iTrade Prime Plan – Rs. 20 per order
iTrade Plan – Rs. 15 per order till Rs. 50,000 and Rs. 30 per order above Rs. 50,000
Traditional Plan –
1st leg – 0.04%
2nd leg – 0.04%
Account Opening FeeRs. 699
Annual Maintenance ChargesRs. 450
Mutual Funds InvestmentYou need seperate app

Angel Broking App Information

Google Play StoreApple App Store
User Rating (in stars)4.13.6
No. of Reviews173K11.9K
App Size45 Mb152.9 MB
Downloads5 Millions
OS CompatibilityAndroid 4.4 or lateriOS 10.0 or later

Advantages of Angel Broking App

  • Multiple instruments for deep analysis
  • ChartIQ and TradingView charting
  • iTrade prime plan offers low cost trading
  • Dark mode 
  • ARQ algo based tool for better portfolio performance
  • Compatible with old android phones

Disadvantages of Angel Broking App

  • Funds sometimes take time to update
  • Poor customer service
  • Only 40 indicators in charting
  • Heavy iPhone app

Best for – Traders who want to use a trading app with full service broker.

#5. MO Trader by Motilal Oswal

MO Trader

Motilal Oswal is a renowned name in the full service broking industry and you can expect a full fledge app for seamless trading experience.

Motilal oswal app allows you to create multiple watchlists, see trading reports and manage your profile from bottom tabs.

motilal oswal trader

You also get an option of “Power Trade” that allows you to quickly place market orders in a single click. That allows you to place an  order without any lag in case the market is volatile.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity Delivery0.50% per executed order
Intraday Brokerage 1st leg – 0.05%
2nd leg – 0.05%
Account Opening FeeFree
Annual Maintenance ChargesRs. 400
Mutual Funds InvestmentYou need MO-Investor app

MO Trader App Information

Google Play StoreApple App Store
User Rating (in stars)3.73.6
No. of Reviews40K394
App Size11 Mb67.2 MB
Downloads500K
OS CompatibilityAndroid 5.0 or lateriOS 12.0 or later

Advantages of MO Trader App

  • Lightweight and smooth app
  • Power trading enabled
  • In-depth charting
  • Dedicated R&D teams
  • Square off open positions in single click
  • Quick customer support and in-person support

Disadvantages of MO Trader App

  • Less number of indicators (Only 9)
  • High brokerage
  • Seperate app for other investments
  • Not compatible with iPhone 6 or older ones

Best for – Professional traders who trade in huge amounts

#6. Sharekhan Trading App

Sharekhan Trading App

Sharekhan app provides you with all the stocks related resources such as portfolio, watchlist, Mutual Funds, various Reports, IPO, indices, market trends, and stock market news at one place.

You can analyse enhanced live charts with more time frames (ranging from 1 minute to 1 year) that helps in better decision making.

You can also find new trading ideas with its Pattern Finder.

You can invest in mutual funds as well.  You can create, pause, and modify your SIPs right from the Sharekhan app.

Sharekhan Dashboard

Sharekhan has a goal-based investment tool called “Neo” that suggests you which is the right investment for you depending on your goals and risk appetite.

You can also access Sharekhan Classroom to go through online modules that enhance your stock marketinvestment learning.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity Delivery0.50% per executed order
Intraday Brokerage 1st leg – 0.10%
2nd leg – 0.02%
Account Opening FeeFree
Annual Maintenance ChargesRs. 400
Mutual Funds InvestmentRegular (you have to pay commission)

Sharekhan App Information

Google Play StoreApple App Store
User Rating (in stars)3.72.8
No. of Reviews40K2.3K
App Size13 Mb63.2 MB
Downloads1 Millions
OS CompatibilityAndroid 5.0 or lateriOS 11.0 or later

Advantages of Sharekhan App

  • Consumes less memory
  • All investment options at one place
  • Detailed charting with multiple indicators
  • Pattern finder for future market predictions
  • Easy to initiate, pause SIP 
  • Goal based investment through NEO

Disadvantages of Sharekhan App

  • App crashes on and off
  • Profit and Loss report for Derivatives is missing
  • High brokerage

Best for – If you don’t mind paying high brokerage fees

Also read- Axis Direct Account Complete Review

#7. HDFC Securities App

HDFC Securities Trading App

HDFC securities trading app is ideal if you already have a HDFC account and want to open a trading account with the same but you have to pay a high brokerage and annual maintenance fee.

You can access key investment ideas on your smartphone. You can quickly make trading decisions with real time charting.

HDFC Securities Dashboard

You can also create multiple watchlists to save your favourite stocks. 

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity DeliveryRs. 25 or 0.50% per executed order (whichever is higher)
Intraday Brokerage Rs. 25 or 0.05% per executed order (whichever is higher)
Account Opening FeeFree
Annual Maintenance ChargesRs. 750 (starts from 2nd year)
Mutual Funds InvestmentNot Available

HDFC Securities App Information

Google Play StoreApple App Store
User Rating (in stars)3.73.7
No. of Reviews40K3.5K
App Size13 Mb66 MB
Downloads100K
OS CompatibilityAndroid 5.0 or lateriOS 9.0 or later

Advantages of HDFC Securities App

  • Track multiple watchlists
  • Single click details on any stock
  • Instant key notifications about market moves
  • Access to trending investment ideas
  • Intraday real-time charting
  • Compatible with older iPhones like iPhone 5

Disadvantages of HDFC Securities App

  • High brokerage
  • Gives error in F&O orders sometimes

Best for – If you already have HDFC bank account and want to trade from that only

Also read – Kotak Securities Review (in detail)

#8. IIFL Markets App

IIFL Markets Trading App

IIFL markets app is ideal for trading in stocks, commodities as well as investing in IPOs and OFS from your smartphone.

You can quickly view the latest top 500 stocks shortlisted by the IIFL research team. 

You can also get in-depth coverage of stocks along with live charting for intraday trading.

IIFL has recently launched a discount brokerage plan with zero brokerage fees on equity delivery.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity DeliveryFree
Intraday Brokerage Rs. 20 per executed order
Account Opening FeeFree
Annual Maintenance ChargesRs. 250 (starts from 2nd year)
Mutual Funds InvestmentNot Available

IIFL Markets App Information

Google Play StoreApple App Store
User Rating (in stars)4.43.3
No. of Reviews55K1.2K
App Size19 Mb197.2 MB
Downloads5 Millions
OS CompatibilityAndroid 6.0 or lateriOS 9.0 or later

Advantages of IIFL Markets App

  • Quick view on top 500 stocks 
  • Widgets to track stocks on homescreen
  • In-depth coverage of stocks
  • Live charting for intraday
  • Apply for IPO/OFS from smartphone
  • Compatible with older iPhones like iPhone 5

Disadvantages of IIFL Markets App

  • Doesn’t show accurate available margin details
  • Doesn’t show actual profit/loss of any order in holdings section

Best for – New traders who are not into margin trading

#9. Edelweiss Mobile Trading App

Edelweiss Trading App

You can track the market trends such as top gainers & losers, 52 week high & low, market map, comprehensively in one place.

You can also access consolidated and standalone data of important stuff like sales, EBITDA, PAT, Market Cap, Margin Ratios for better understanding.

You can create a watchlist with up to 100 stocks at a time for easy to check out the trend of your favourite stocks.

You can also access various charting indicators such as Heiken Ashi, Renko, Points and Figure, Candle Stick, OHLC from your smartphone.

The Edelweiss app also allows you to invest in Mutual Funds, NCDs, and Bonds.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity DeliveryEdelweiss Lite – Rs. 10 per executed order
Edelweiss Elite – 0.30% per executed order
Intraday Brokerage Edelweiss Lite – Rs. 10 per executed order
Edelweiss Elite – 0.03% per executed order
Account Opening FeeNil
Annual Maintenance ChargesEdelweiss Lite – Rs. 300 (First year free)
Edelweiss Elite – Rs. 500 (First year free)
Mutual Funds InvestmentRegular with commission

Edelweiss App Information

Google Play StoreApple App Store
User Rating (in stars)4.24.0
No. of Reviews31K1.1K
App Size51 MB145.9 MB
Downloads1 Million
OS CompatibilityAndroid 4.1 or lateriOS 11.0 or later

Advantages of Edelweiss Trading App

  • Secure app
  • Add 100 stocks in a watchlist
  • Multiple investment options such as NCDs, Mutual Funds, Bonds
  • Various charting indicators

Disadvantages of Edelweiss Trading App

  • Enter username, password details every time open app in iPhone
  • App hangs in peak hours
  • Slow price refresh rate
  • No direct mutual fund investment

Best for – Investing in bonds and NCDs along with trading through app

#10. Fyers Mobile Trading App

Fyers Trading App

FYERS has very low brokerage fee that is Rs. 20 or 0.01% (whichever is lower) and free equity delivery.

FYERS is new to the broking industry and improving their infrastructure. But if you compare with Zerodha, you have to pay slightly higher brokerage fee but you will get a more streamlined trading platform, and better customer service.

Another advantage that FYERS has, you don’t have to pay any AMC every year, so if you are a seasonal trader or if you don’t invest on regular basis, then FYERS is a good option for you.

Brokerage & AMC charges 

Brokerage & Other ChargesAmount
Equity DeliveryFree
Intraday Brokerage Rs. 20 or 0.01% (whichever is lower)
Account Opening FeeNil
Annual Maintenance ChargesNil
Mutual Funds InvestmentNot Available

FYERS App Information

Google Play StoreApple App Store
User Rating (in stars)4.14.3
No. of Reviews4.6K428
App Size17 Mb89.4 MB
Downloads5 Millions
OS CompatibilityAndroid 4.4 or lateriOS 10.0 or later

Advantages of FYERS App

  • 22+ years historical EOD data
  • 2+ years of intraday historical data
  • Detailed charting with multiple indicators
  • Theme based stocks recommendation
  • Favorites section for Quick Access 
  • Biometric and Face ID security
  • Compatible with old android phones

Disadvantages of FYERS App

  • User Interface is not smooth
  • Charts hang on iPhone sometimes
  • Price updates are laggy 

Best for – If you don’t want to pay annual charges and high brokerage

How to Analyze Best Mobile Trading App in India 

#1. Compatibility with Smartphone

You must check the trading app compatibility with your smartphone operating system. 

For example, some trading apps like Upstox and MO Trader don’t support iPhone 6 or older devices. So you must check your smartphone compatibility with the trading app.

#2. Ratings and Reviews

You can get the idea about real user experience through star ratings and reviews available on Google play store or Apple’s app store.

You should choose an app with higher rating and reviews with good experience. 

#3. Usability

An easy user interface not only allows you hassle free operations, but also saves time in case you have to make a quick buy/sell decision on a volatile day.

The app should have necessary features such as watchlist, charts and buy/sell buttons at one click away for easy navigation.

#4. App Speed

App should be easy to use, smooth in working and of small size. Small app will consume less memory and won’t slow down your phone’s performance.

Bigger apps not only require more space to install, but also consume more memory and processor resources.

Ideal Android app size – 10 Mb to 30 Mb. 

Apple’s hardware better handle big sized apps, hence iPhone’s apps are mostly of bigger size as compared to android version.

Ideal iPhone app size – 60 Mb to 100 Mb.

#5. Technical Indicators

You can also check what technical indicators an app is supporting. Technical indicators such as Moving Averages, Bollinger Bands, Candlesticks are very useful in trading.

After all, your trading decisions would highly depend on the technical indicators that let you pick the market trend.

Go with the higher number of indicators available in a trading app. For example, Zerodha offers 100+ technical indicators in the mobile app.

#6. Customer Support

Efficient customer support is a must after the account is opened to tackle various issues like order being rejected or funds not reflecting in the trading account and many similar issues.

You can get issues with any stock broker but the important thing that matters is how quickly the stockbroker resolves the customer issue. 

Final Words – Which is Best Trading App 

If you ask me which is best trading app in India, then I would recommend you to go with Zerodha Kite because you get a minimalistic design which is easy to use, huge stock listing and historical data, in-depth charting and low brokerage.

If you want to trade with margins, then go with the Upstox app because they have an improved UI and you get a high margin with their Priority plan. 

If you trade less but want to invest in mutual funds, then 5paisa app is the best, because they have the easiest user interface, and you can invest in direct mutual funds without paying any commission. Secondly, you have to pay maintenance charges only for the month in which you have traded.

FAQs 

#1. What is the trading app in India?

A trading app is a mobile application that allows you to perform various stock trading related watch stock markets, buy/sell shares and analyse various charting styles and historical data.

In simple words, a trading app is a miniature version of a web trading platform. 

#2. What are the features of the best trading app?

Features that the best trading app must have are –

  • 1-click Buy/Sell option from chart
  • Simple user interface for easy navigation
  • Quick and snappy software for smooth working
  • Small app size that doesn’t put load on your smartphone memory and storage
  • High number of technical indicators for in-depth analysis of market trends
  • Compatibility with older mobile operating systems 

#3. What are the advantages of using a trading app?

Advantages of using a trading app are as below –

  • Keep an eye on stock market when you are away from your desk
  • Ability to trade on the go as mobile trading apps are now as capable as a desktop software
  • You don’t need to carry your laptop all the time
  • Notification facility in mobile trading app keeps you updated about the market when you are away
  • Some mobile trading apps such as 5paisa also offer latest news about a particular stock on your mobile to keep you informed

#4. Which is the best trading app for beginners?

Zerodha Kite is the best trading apps for beginners as well as pro traders because they are easy to use, have high user ratings and offer low brokerage charges. 

#5. Which is the most downloaded trading app in India?

Upstox is the most downloaded trading android app with more than 1 crore downloads.

#6. What are the main features of the best trading app?

The main features of the best trading app is as below –

  • Performance – Fast and real time charting, smooth in-app movements, faster funds pay-ins and outs
  • User Ratings – Higher number ratings on playstore or appstore
  • Usability – Simple user interface with single click trading options
  • App Size – Smaller the size means lesser load on your smartphone
  • Technical Indicators – More technical indicators means better options to analyse market trends

#7. Is mobile trading safe?

Yes. Mobile trading is as safe as desktop trading. Stock brokers update their apps on a regular basis to add new features and improve security of apps.

#8. Which app is safest for the share market?

All the trading apps from top stock brokers are highly safe. You can choose which app suits your needs. 

Before that you should check out which stock broker’s brokerage plans and features are aligned with your investment or trading goals.

About Raghav

Raghav is an investment analyst with a commerce education background who loves to write & share his investment ideas.

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