Top 10 Best Trading Apps In India To Earn Money

The popularity of trading apps in India has surged due to technological advancements and increased retail investor participation. As of March 2024, over 9.5 crore retail investors hold nearly 10% of the market, managing around Rs.36 lakh crore in wealth. The total number of Demat accounts grew from 1,145 lakhs in FY23 to 1,514 lakhs in FY24, indicating a growing trust in digital platforms. This blog lists the top ten trading applications in India for 2024, outlining their features, benefits, and drawbacks to assist you select the best trading app for your needs. 

List of Top 10 Trading Apps in India 2024

 

Features, Benefits & Reviews of the Top 10 Online Trading Platforms in India  

1. INDMoney 

Key Features: 

• Comprehensive Financial Tracking: With one app, you can automatically track all of your finances, including shares, mutual funds, bonds, EPF, PPF, NPS, gold, silver, real estate, and more. 

• Multi-faceted Investments: Free investment and Demat accounts allow you to invest in the Indian and US stock markets, as well as mutual funds. SIP options are offered for stocks and mutual funds. 

• Financial Management Tools: Manage family accounts, set financial goals, access financial news and insights, and check credit scores for free. 

Benefits of Using the INDMoney App to Invest: 

• Diverse Investment Options: Offers investment opportunities in Indian and US stock markets, mutual funds, and fixed deposits. 

• User-Friendly: Easy account setup, personalized insights, and educational resources make it suitable for both beginners and seasoned investors. 

Summary of User Reviews: Users appreciate the app's comprehensive financial tracking and diverse investment options. The user-friendly interface and free tools for goal setting and credit score checks are frequently praised. However, some users mention occasional technical issues and the need for more robust customer support. Overall, INDMoney is highly rated for its extensive features and convenience. 

2. Upstox  

Key Features: 

• Upstox Pro for Traders: Advanced tools for currency, commodity, equity, options, and futures trading, including Option Chain analysis, TradingView & ChartIQ charts with 100+ indicators, and advanced order types like GTT and Trailing Stop Loss. 

• Upstox for Investors: Access to 5000+ stocks, mutual funds, ETFs, bonds, and IPOs. Features include curated stock lists, live price data, mutual fund SIPs starting at ₹100, and government-backed sovereign gold bonds. 

Benefits of Using the Upstox App: 

• Comprehensive Trading Tools: Ideal for both traders and investors with features like margin trading, basket orders, and curated investment lists. 

• User-Friendly Interface: Easy account setup, zero brokerage on mutual funds and IPOs, and detailed market analysis tools. 

• Diverse Investment Options: Offers a range of assets including stocks, mutual funds, ETFs, bonds, and gold. 

Summary of User Reviews: Users commend Upstox for its comprehensive trading features and user-friendly interface. The advanced analysis tools and zero brokerage on certain investments make it popular among both beginners and seasoned traders. However, some users suggest improvements in customer support response times. Overall, it is highly rated as one of the best stock market apps in India. 

Interesting Read: How To Save Money From Your Salary: 6 Practical Tips To Get Started 

3. ICICI Direct 

Key Features: 

• Wide Range of Investments: Offers diverse options including stocks, mutual funds, bonds, IPOs, and derivatives. Access NSE, BSE, and MCX exchanges. 

• Advanced Trading Tools: Real-time market data, customizable watchlists, advanced charting tools, and technical analysis indicators. 

• Integrated Banking Services: Seamlessly integrates with ICICI Bank accounts for easy fund transfers. 

• Portfolio Management: Manage and view your entire portfolio in one place for a holistic investment experience. 

• Expert Recommendations: Receive stock, derivatives, mutual funds, commodities, and currency recommendations based on expert analysis. 

• Basket Orders: Place multiple orders in one go with lump sum or monthly SIP. 

• Shares as Margin: Use existing shares to generate instant trading limits. 

• e-ATM Facility: Instant credit to your account within 5 minutes of selling shares. 

• Diversified Portfolios: Build portfolios with One Click Equity, Derivatives, and Mutual Funds feature. 

• Advanced Charting Tools: Utilize TradingView/ChartiQ to compare scripts and track events. 

Benefits of Using the ICICI Direct App: 

• Comprehensive Investment Platform: Ideal for both beginners and experienced investors with diverse investment options and robust trading tools. 

• Secure and Convenient: Provides a secure trading experience with the added convenience of integrated banking services. 

• Educational Resources: Offers tutorials, market insights, and research reports to help investors make informed decisions. 

Summary of User Reviews: Users appreciate the app's extensive range of investment options and the seamless integration with ICICI Bank accounts. The user-friendly interface and robust trading tools are highlighted as major strengths. Some users have noted occasional technical glitches but overall, ICICI Direct is praised as one of the best trading apps in India for both beginners and seasoned investors. 

4. FYERS Markets 

Key Features: 

• Free Demat & Trading Account: 5 minutes account opening for easy trade entry with zero annual maintenance charges. 

• Easy KYC and Payment Options: Enjoy a simple, paperless KYC process for account opening. Link UPI or net banking for faster payments and instant online trading. 

• Cost-Effective Trading: Benefit from 0 brokerage on delivery trades and up to ₹20 per order on other segments. Options to open Minor or Corporate Demat accounts. 

Benefits of Using the Fyers Market App: 

• Comprehensive Investment Options: Trade in stocks, ETFs, commodities, and currency futures with advanced tools and real-time data. 

• User-Friendly Interface: Features like password-less login, customizable UI, and multilingual support enhance the trading experience. 

• Advanced Trading Tools: Utilize TradingView charts, price alerts, and comprehensive SWOT analysis for informed investment decisions. 

Summary of User Reviews: Users praise Fyers Market for its quick account setup, user-friendly interface, and zero brokerage on delivery trades. The app's comprehensive trading tools and real-time data are highly valued. Some users mention occasional technical issues and a need for better customer support. Overall, Fyers Market is highly rated as one of the top trading apps in India, suitable for both beginners and experienced traders. 

5. Sharekhan 

Open a Demat account in 15 minutes and experience full-service benefits with the Sharekhan trading app.  

Key Features: 

• EZYOptions: Track options seamlessly with smart watchlists. 

• MyGTD Orders: Place Buy/Sell orders with Good-Till-Date functionality. 

• Multi Square-Off Option: Square off multiple positions across trading segments easily. 

• Advanced Option Chain: Access detailed option chain data for smarter analysis. 

• All Search Bar: Find quotes and opportunities across various segments easily. 

• Use powerful live charting and trading tools. 

• Multiple Order Types: Place Normal, SAM, Big Trade, Bracket orders, and more. 

• Research Tools: Use PatternFinder and other research tools for informed trading. 

Benefits of Using Sharekhan App: 

• Multi-Exchange MarketWatch: Stream detailed market data. 

• Fast Feed Updates: Get real-time stock rates and graphs. 

• Global Market Prices: View international last trade prices alongside Sensex and Nifty. 

• Seamless Fund Transfers to your Sharekhan account. 

• Sharekhan Classroom: Free access to online stock market learning sessions. 

Summary of User Reviews: Users appreciate Sharekhan's comprehensive features and ease of use. The app's advanced tools for options trading, real-time data updates, and extensive educational resources are highly valued. Some users suggest improvements in the app's speed and customer service. Overall, Sharekhan is praised as a reliable and efficient trading platform. 

Also Read: Lump Sum Or Sip Which Is Better For Elss Investments 

6. Groww  

Groww is India's most popular stock broker app, with over one crore active users relying on it for their financial and investment needs. Invest, Trade, and Pay - mutual funds, equities, IPOs, futures and options (FnO), ETFs, sovereign gold bonds (SGBs), and UPI payments. 

Key Features: 

• No AMC charges or any hidden charges – Get a Demat account that’s free 

• Stock Market Trading: Live trading in NSE and BSE stock exchanges, advanced charting tools, stock screener, GTT orders, and technical indicators. 

• Zero charges on mobile recharges and UPI payments. 

Benefits of Investing with Groww: 

• Comprehensive Trading Tools: Invest and trade in BSE and NSE, apply for IPOs, and track stock market indices with advanced features like stop-loss, TradingView charts, and candlestick patterns. 

• Real-Time Alerts: Set alerts to track share price movements for quick trading decisions. 

• Detailed Financial Tracking: Monitor financials of major companies listed under BSE and NSE for informed investing. 

Summary of User Reviews: Users commend Groww for its user-friendly interface, comprehensive investment options, and efficient customer support. The free Demat account and extensive tools for stock market trading are particularly appreciated. Some users have mentioned occasional issues with app speed, but overall, Groww is highly regarded as one of the best trading apps in India, suitable for both beginners and seasoned investors. 

7. Angel One 

Angel One is trusted by over 2 crore customers for its comprehensive trading and investment services.  

Key Features: 

• Extensive Stock Trading: Trade in 5000+ stocks across large cap, midcap, and small cap categories. 

• Real-Time Tracking: Track live prices of major indices and stocks such as NIFTY 50, Sensex, and popular shares like Tata Motors, SBI, and Reliance. 

• Cost-Effective Trading: 0 brokerage on stock investing and flat ₹20 brokerage on intraday trading with the Angel One Demat account. 

• Margin Trading: Enjoy 0 interest charges on margin trade facility for the first 30 days. 

• Smart Orders: Use Stop Loss, GTT, Cover Order, and Robo Order for strategic trading. 

• Easy Fund Transfers: Add funds through UPI, GPay, or net banking seamlessly. 

• Mutual Funds & SIP Investment: Invest in 5000+ mutual fund schemes with SIP calculator support. 

• You can pre-apply for IPOs and track them via WhatsApp. 

• Futures & Options Trading: Access all market segments with the lowest brokerages and easy options trading through Instatrade. 

Benefits of Investing with Angel One App: 

• Free Demat Account: Easy, paperless KYC and seamless onboarding for online trading. 

• Diverse Investment Options: Invest in stocks, mutual funds, IPOs, and F&O with expert advice and easy strategies. 

Personal Loans Offered by Angel One: Angel One also offers personal loans to selected users through its lending partners. Key features include: 

• Fully Digital Process: 100% digital application and processing. 

• Flexible Loan Amounts: Loan amounts up to ₹5 lakhs. 

• Repay in 3 to 60 months. 

• Competitive APR: Maximum APR ranges from 12% to 28% per annum. 

• Low Processing Fees: Loan processing fees (including GST) range from 0.5% to 4%. 

Summary of User Reviews: Users value Angel One for its extensive features, user-friendly interface, and cost-effective trading options, especially its real-time data, smart order types, and seamless banking integration. However, some suggest improvements in speed and customer service.  

8. 5Paisa App 

Unleash your stock market potential with 5Paisa, the premier trading app for all your investment needs. Whether you're a seasoned investor or a novice, 5Paisa offers advanced tools and expert research for over 5000 stocks on BSE & NSE. Make informed online trading decisions confidently with this comprehensive app. 

Key Features: 

• Create a customized portfolio with Robo Investment Advisor based on your goals and risk appetite. 

• Easy Withdrawals: Request withdrawals through the app and receive rapid processing. 

• Convenient Instant Fund Transfer options include NEFT, RTGS, IMPS, and UPI. 

• Access account summaries, holdings, and transaction history using the app. 

• Utilize advanced research and analysis tools, like Tradingview and ChartsIQ. 

• Instant Alerts: Set up price alerts via mobile notifications based on real-time market data. 

Benefits of Using 5Paisa App: 

• Free Demat Account: Open your FREE Demat account in under 5 minutes with a 100% paperless KYC process. 

• Zero Percentage Brokerage: Flat ₹20 per order for all trading segments. 

• Multi-Segment Trading: Trade seamlessly in equity, derivatives, commodity, and currency segments. 

• Live Updates and Fast Trades: Receive live updates on NSE & BSE stock quotes and execute fast trades with one-click order placement. 

• IPO and Mutual Funds: Pre-apply for IPOs, access 24*7 IPO information, choose from 4000+ mutual fund schemes, and start SIP investments with amounts as low as ₹500 per month. 

• Futures and Options: Begin margin trading with ₹10/order and enjoy 100% collateral benefits. 

Summary of User Reviews: Users appreciate the app's user-friendly interface, comprehensive range of investment options, and efficient customer support. The Robo Investment Advisor, easy fund transfers, and advanced trading tools are particularly valued. Some users suggest improvements in app speed and stability. Overall, 5Paisa is highly regarded as one of the best trading apps in India for both beginners and experienced traders. 

9. Fisdom 

Investing in stocks with Fisdom is simplified and efficient. This all-encompassing app caters to every Indian investor, providing a comprehensive platform for various investment and trading needs. Fisdom streamlines the stock investment process with an enhanced, smarter approach. 

Key Features: 

• Easy Investing: 100% digital KYC powered by DigiLocker, no transaction or platform fees. 

• Diverse Products: Access to stocks, ETFs, SIPs, mutual funds, and more. 

• Flexible Investments: Start SIPs at ₹100, with easy management and tax-saving options. 

• Advanced Tools: Use tax calculators, insurance advisory, financial health checks, and more. 

• User-Friendly Interface: Track, manage, and automate SIPs; access portfolio statements and P&L visualizations. 

Benefits of Using Fisdom App: 

• Wide Product Universe: Invest in stocks, derivatives, IPOs, ETFs, SGBs, futures, options, and commodities. 

• Cost-Competitive: Enjoy the lowest brokerage with 0 account opening charges and 0 Demat charges for the first year. 

• Convenient Access: Trade from mobile, web, desktop, and call-n-trade options. 

• Advanced Features: Utilize powerful tools like instant order margin calculator, charting tools, market screeners, and price alerts. 

Summary of User Reviews: Fisdom users appreciate its clean interface, responsive customer service, and diverse mutual funds. Some note high expense ratios and difficulty finding specific funds. The app is praised for speed, seamless stock pledging, instant order notifications, and a fast watchlist. The Trade Ideas feature is valued for actionable insights. Overall, highly recommended for user-friendly trading. 

10. Zerodha Kite 

Zerodha is trusted by over 1.3 crore customers, managing investments worth over ₹3.5 lakh crores. With over 50 lakh traders and investors, they handle more than 2 crore orders daily. 

Key Features: 

• Zero Brokerage: Free investments in stocks, bonds, ETFs, IPOs, government bonds, and gold bonds. 

• Advanced Trading Tools: Charting, F&O analytics, investment research, and backtesting. 

• Tax-Ready Reports: Easily file your tax returns with comprehensive reports. 

• Curated Updates: Filtered updates for your portfolio investments. 

• Ecosystem Products: Free access to Sensibull, Tijori, Streak, Quicko, and more. 

• Nudges: Order window nudges for better trading decisions. 

• No Spam: No gimmicks, spam, or annoying push notifications. 

Benefits of Using Zerodha Kite: 

• Fast and Simple Experience: Trading and investing have never been easier or faster. 

• Basket Orders: Place several orders for different securities with real-time margin requirements. 

• Advanced Alerts: Set alerts for certain conditions. 

• Advanced Charting: TradingView and ChartIQ provide hundreds of indicators and tools. 

• GTT Orders: Long-term orders lasting up to a year. 

• Iceberg Orders: Slice huge orders to save impact costs. 

• Order Tagging: Tag orders to keep track of them in your trading journal. 

• Create SIPs for stocks, ETFs, and bonds. 

• Stock Auctions: Take part in stock auctions and risk-free arbitrage opportunities. 

Summary of User Reviews: Users praise Zerodha Kite for its extensive features and user-friendly interface but note issues with chart loading speeds and missing functionalities. Some prefer the previous TradingView chart version over the new text font. Despite these concerns, the app is highly valued for its comprehensive trading tools and fast trading experience. 

Also Read: Where To Invest Money To Get Good Returns 

Things to Look for in The No.1 Trading App in India  

1. Smooth User Interface and Speed  

An intuitive user interface is crucial for easy navigation and quick access to key features. Ensure the app's speed allows for seamless and swift trade execution, which is essential for both beginners and experienced traders. 

2. Security  

A good trading app should offer strong security features, such as two-factor authentication, encryption of sensitive data, and a secure login process to protect user information. 

3. Real-time Data  

Providing real-time market data, including prices, charts, and news updates, is essential for users to make informed trading decisions. 

4. Trading Tools  

Advanced trading tools like order types, alerts, and risk management features are important for effective trading. These tools help users manage their trades and mitigate risks. 

5. Low Fees  

Low trading fees and commissions are crucial; as high costs can significantly reduce profits. Look for apps that offer competitive pricing to maximize returns. 

6. Educational Resources  

Access to educational tools, such as webinars and tutorials, helps users learn more about trading and improve their skills, making the app suitable for both beginners and experienced traders. 

7. Account Types  

A variety of account types, including demo accounts for beginners and advanced accounts for experienced traders, cater to different trading styles and experience levels. 

8. Regulation  

Ensure the app is regulated by a reputable financial authority to guarantee that it adheres to standards of fairness and transparency, providing a safe trading environment. 

By considering these factors, you can find the best trading app in India that meets your needs, whether you're a beginner or an experienced trader. The best trading app in India for beginners will have a user-friendly interface and comprehensive educational resources, while the top trading app in India should offer advanced tools and low fees to appeal to more seasoned investors. 

Difference Between Online Trading and Offline Trading

 

Essential Documents Needed to Open a Trading Account via Mobile App

To open a trading account via an app, you’ll need to provide the following documents:

1. Identity Proof: Aadhaar Card, Passport, Driver’s License, or Voter ID.

2. Address Proof: Recent Utility Bill, Bank Statement, Rent Agreement, or Aadhaar Card.

3. Bank Details: Cancelled Cheque, Bank Statement, or Passbook Copy.

4. Photograph: Recent passport-sized photo.

5. Income Proof (if required): Salary Slip, Income Tax Return (ITR), or Bank Statement.

6. PAN Card: For tax identification.

7. KYC Form: Filled with personal details.

8. Signature Proof: Specimen signature.

Best Trading Apps in India - FAQs 

1. Which trading app is best for beginners?  

     Best Trading Apps for Beginners:

• Zerodha: User-friendly interface and comprehensive educational resources.

• Upstox: Simple platform with low brokerage fees and a range of tools.

• Groww: Intuitive design and easy onboarding process for new traders.

• 5paisa: Affordable trading with a beginner-friendly app layout.

• Angel One: Offers a robust platform with valuable insights and customer support.

2. Which one is the best trading app?

The best trading app can vary based on individual needs, but Zerodha stands out for its user-friendly interface, low brokerage fees, and robust trading features. It offers a comprehensive suite of tools for both beginners and experienced traders, making it a top choice for many in India.

3. Which is the safe app for trading?

Zerodha, Groww, Upstox, HDFC Securities, and ICICI Direct are among the safest trading apps. They are regulated by SEBI, use advanced security measures like encryption and two-factor authentication, and have strong reputations for protecting user data.

4. Which trading app is best for earning money?  

Zerodha is often considered the best for earning money due to its low brokerage fees and advanced trading tools. For beginners, Groww is a great choice for its simplicity. Angel One and ICICI Direct are excellent for those seeking strong research and advisory services.

5. Will there be any hidden charges to use these trading apps?  

Be aware of charges such as annual maintenance fees, transaction charges, brokerage fees on trades, and hidden costs in fund transfers or withdrawals. Always review the fee structure of the app before investing. 

6. Which trading app has the lowest fees?  

Apps like Zerodha Kite and 5Paisa are known for their low brokerage fees, offering cost-effective trading solutions with flat fees on trades and minimal additional charges, making them among the most popular trading apps in India to earn money. 

7. Do these apps support trading in international markets?  

Yes, trading apps such as ICICI Direct and INDMoney, offer features that allow users to invest in international markets, including US stocks and global ETFs, providing opportunities for global portfolio diversification.