Top 15 Best Trading Apps in India in 2020 for Share Trading

Best share trading apps

With Inflation on the rise, everyone needs to find ways to increase their wealth through a reasonable source of wealth creation. Bank saving account provides a very low-interest rate, as low as 3% to 7% per annum. Therefore it doesn’t increase your money by a huge difference. Again Fixed Deposits, Mutual funds, investments etc. which provides you with a little more interest than your savings account often requires you to keep the money for a period ranging from 1 to 5 years for the interest amount to be added. The current interest rate in mutual funds ranges up to 7% per year. So even if you are in need, you are not able to withdraw money or even if you are able to withdraw you are required to pay a fine. This is when trading comes in.

Trading not only ensures that your money multiplies but you can also withdraw your money without paying any fine or any extra charge. The main objective of trading is speculative and hence ensures you more gains as compared to other financial instruments in less amount of time (less than a year, quarterly, monthly etc.). By trading in healthy shares, you can earn up to 22% interest on your investment in just a matter of days. Trading comes with higher risk as compared to fixed deposits, savings account and mutual funds. Therefore it is often advisable to trade only after acquiring adequate knowledge about trading.

What is trading?

Share Market Trading

Trading refers to buying and selling of stocks from the financial markets in a quicker amount of time.

The intention of traders is to gain from the increase or decrease in the value of their shares/stocks. Trading strategies are speculative i.e. trading involves higher risk as compared to investment.

From the above example we can conclude:

  1. Trading is done for a shorter period of time whereas investment is done for a longer period of time.
  2. Trading strategies are speculative whereas Investment strategies involve less risk as compared to trading.
  3. Trading implies quick returns (daily, monthly, quarterly basis) whereas investment doesn’t always imply quick return (generally quarterly and yearly basis).

What is trading apps and why should we use trading apps?

Before the invention of the internet, trading was a very hard and complicated process.  Transfer of ownership of shares used to take months. Also, trading required a lot of documentation which meant that a lot of storage space was required.

But after the invention of the internet, Trading has completely transformed into a completely hassle-free process. Various internet-based mobile and computer applications have been developed by the developers which help and enable the users to sale and purchase securities right from their home. While trading through these online trading apps, transfer of ownership and transfer of the sale/purchase amount are done within seconds. Also, people don’t need to go through or keep a large amount of paperwork as those things are now done digitally and all the required documents are saved in the app’s servers.

We should use trading apps because of the following reasons:

a)      Helps and enables the users to sale and purchase securities right from their home.

b)     Transfer of ownership and transfer of the sale/purchase amount are done within seconds.

c)      Less paperwork.

d)     No need to hire a stockbroker as you will get real-time stock market updates and other information right in your mobile application.

Top 15 Best Trading Apps in India 2020

There are numerous trading applications or share market apps out there in the Google play store and Apple app store than allows the user to trade. However, choosing among the whole list is quite difficult. This is why we have created a list of Top 15 Best Trading Apps in India 2020 to help you to choose the Best trading application out of the top trading applications available which is suitable for you as per your needs.

Here is the analytical view of Top 15 Best Trading Apps in India 2020 with comparison to their No of Downloads, User Ratings and User Experience.

SR No Name Compatibility No of Downloads Current Users Ratings (out of 5 stars) User Experience
1. MoneyControl Android and iOS 10 Million + Over 5 million 4 The good and convenient app along with updated daily news regarding share market.
2. 5 paisa Android and iOS 5Million + Over 1 million 3.8 Useful app with great customer support.
3. JStock Android Android 500,000 + Over 100,000 4.6 Informative and user-friendly interface along with good customer support.
4. Groww Android and iOS 5Million + Over 2.5 Million 4.6 Overall the experience has been good for the users. Good customer support.
5. IIFL Market Android and iOS 1 Million +

 

Over 400,000 3.7 Smooth and user-friendly app with real-time statistics
6. BSEIndia on Mobile Android and iOS 1 Million + Over 600,000 active users 4.4 Informative trading app by Official BSE IT team.
7. Stock Manager NSE Android 100,000 + Over 20,000 active users 4.0 A good application for flawless trading.
8. NSE Mobile Trading Android 1 Million + Over 500,000 3.2 Excellent trading app with low brokerage and excellent customer support.
9. Share Khan : Share Market App Android and iOS 1Milion + Over 500,000 3.8 Educative and convenient trading app.
10. Angel Broking Android and iOS 5 Million + Over 2.5 Million 3.9 Efficient application for flawless trading.
11. Upstox Pro Android and iOS 5 Million + Over 2 Million 41 An analytical tool that helps the user to analyze the market.
12. Share Market Trading Courses Android 500,000+ Over 40,000 4.7 A very efficient share market analysis app.
13. Live Share Tips Android 100,000 + Over 30,000 4.3 Accurate and good suggestions/predictions. Also Educative.
14. Stock Edge Android and iOS 1 Million + Over 500,000 4.3 Great app for stock market analysis.
15. NDTV Profit Android and iOS 100,000+ Over 30,000 3.9 Informative app with real time statistics and share market news.

1.MoneyControl

 

moneycontrol trading app

 

The first share market app on our list is the MoneyControl app.

Track the latest updates on Indian and Global financial markets on your smartphone with the Moneycontrol App. It covers multiple assets from BSE, NSE, MCX and NCDEX exchanges so that you can track Indices (Sensex & Nifty), Stocks, Futures, Options, Mutual Funds, Commodities and Currencies with ease.

Monitor your investments with Portfolio and Watch list. Stay updated with the full range of news covered in our News and Personal Finance sections. Get expert’s views, in-depth coverage and analysis of the financial markets with live streaming of CNBC AWAAZ (Hindi), CNBC BAJAR (Gujarati) and CNBC PRIME HD.

MoneyControl is the best stock trading app.

·         Compatibility

Android and iOS

·         Popularity

Over 10Million Downloads

·         Reviews

4 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

2. 5paisa

5 paisa mobile trading app

With more than 5 million installs, 5paisa mobile app is one of the best stock market trading apps in India that suits both beginners and traders. It’s free and easy to use the trading app.

With the app, you can now get live updates from NSE, BSE and MCX markets, access world-class charting tools with advance studies, analyses stock market trends, and trade on-the-go. If you are new to trading, learn everything about investing in the share market through our learning videos.

What’s more, if you feel like opening a Demat account & investing in the share market; you can do so in the app itself. 5paisa offers online stock trading at the lowest cost in India i.e. you are charged a flat fee of just Rs.20 for all your orders, across any trading segment – Cash, F&O, Currency and Commodities.

Because of these features, 5 Paisa is the best app for Indian Stock Market.

·         Compatibility

Android and iOS

·         Popularity

Over 5Million Downloads

·         Reviews

3.8 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

3. JStock Android

jstock android trading app

 

JStock makes it easy to track your stock investment. It provides well-organized stock market information, to help you decide your best investment strategy.

JStock integrates seamlessly with JStock Desktop. Free and open-source JStock Desktop can be downloaded separately from https://jstock.org.

JStock provides users with all the information and statistics related to shares and securities. This is why JStock is the best trading app for beginners.

·         Compatibility

Android

·         Popularity

Over 500,000 Downloads

·         Reviews

4.6 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

4. Groww

grow stock trading app

One of the best online trading app available is the Groww app.

Initially, Groww was an app dealing with Mutual Fund, it was in 2019 that Groww started to provide share trading app services too.

With Groww, Investing in mutual funds and stocks are made easy, fast & secured. Enjoy 100% paperless onboarding without any hassles and Invest in the best mutual funds & stocks in a few minutes from the comfort of your house.

Invest in any direct mutual funds by SIP or lump sum at zero commission for free. If you are already an investor, switch your regular investments plan to direct mutual fund plans & earn extra returns.

Groww is the simplest Demat & stock trading app that allows you to open an account & invest in BSE, NSE listed stocks in the share market at ₹0 brokerage on investments.

Groww app is also one of the best apps for Demat account as with the help of the Groww app you can open your Demat account for free.

·         Compatibility

Android and iOS

·         Popularity

Over 5Million Downloads

·         Reviews

4.6 out of 5 stars

·         App Support

24/7 Customer care support is available for its user

5. IIFL Market

iifl share market trading app

IIFL Markets is an indispensable companion to every stock market investor and share trader. IIFL Markets enables instant trading to our broking customers and provides a comprehensive feature to Guest users with single OTP. Not just that, Mutual Fund investors can also use the app to invest in all Mutual Fund schemes like Equity, Debt, Balanced, Hybrid funds with ease. The app is packed with in-depth analysis, top of the line charts and charting tools, expert research, livestock prices, market watch and many more features.
Get everything you want to know in the stock market today, turn your smartphone into powerful and comprehensive mobile trading and stock market monitoring platform.

IIFL Markets provide services for both NSE and BSE. This is why it is the best Indian share market app.

·         Compatibility

Android and iOS

·         Popularity

Over 1Million Downloads

·         Reviews

3.7 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

6. BSEIndia on Mobile

bseindia trading app

 

One of the best Indian trading apps is the BSE India Mobile. It is the official app of the Bombay Stock Exchange. This app is suitable for traders who want to trade in BSE.

BSE Ltd, (formerly known as Bombay Stock Exchange Ltd.), Asia’s first Stock Exchange and one of India’s leading exchange groups, now provides you with the ability to view the markets on the move on your Android-powered phones/tablets. BSE India app helps you keep abreast with the ever-changing capital market scenario. This application provides you with the ability to track your favourite stocks online.

The features of BSE India app include:
• Google Voice-based search for Stocks
• Streaming Quotes for Sensex Stocks
• Create your own Watchlist and Portfolio to track your investments
• Quick access to Gainers, Losers, Top turnover, 52 Week high/lows
• BSE SME Platform quotes
• Equity Derivatives streaming quotes
• Currency Derivatives & Interest Rate Derivatives streaming quotes
• Corporate Announcements, Corporate Actions, Results and Board Meetings
• Supports Multiple Languages – Hindi, Gujarati, Marathi, Bengali, Oriya, Tamil, Kannada, Telugu and Malayalam

This app is the official app of BSE i.e. The Bombay Stock Exchange and is therefore one of the best Indian share market app.

·         Compatibility

Android and iOS

·         Popularity

Over 1Million Downloads

·         Reviews

4.4 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

7. Stock Manager NSE

stock manager trading app

 

The stock manager is an online trading app which provides trading services exclusively for the NSE (National Stock Exchange). Because of this reason, Stock Manager can also be termed as an NSE Mobile app.

This app provides features to manage your stocks into watch lists & portfolios. You can access live quotes of stocks and world indexes, having a very simple and user-friendly interface.

It acts a very lightweight ticker and provides different stock details i.e. High, Low, Volume, Previous Close, Last etc. for a specific update Time.

• Specially developed to use minimal internet.
• Create, manage & track multiple portfolios with quality, cost and ability to put brokerage.
• Manage multiple Watch List for better tracking
• Up to date RSS feeds

It is one of the best intraday trading app in India.

·         Compatibility

Android and iOS

·         Popularity

Over 100,000 Downloads

·         Reviews

4 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

8. NSE Mobile Trading

nse stock trading app

 

NSE Mobile Trading is a revolutionary application featuring a comprehensive trading and market monitoring platform. It offers real-time streaming quotes, charts, market depth and the ease to trade hassle-free across all asset classes (Equities, Derivatives, Currencies, Commodities, and Offer for Sale) anywhere and at any time. Additionally, it also facilitates Portfolio and Holdings Tracking, Market watch Groups creation, Fund Transfer and Monitoring Margin utilization. Because of all these features, the NSE Mobile trading App is one of the best stock trading app for beginners.

** User ID and Password shall be provided by your NSE registered Trading Member. Kindly call 1800 266 0052 (Toll-Free) for assistance **

·         Compatibility

Android and iOS

·         Popularity

Over 1Million Downloads

·         Reviews

3.2 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

9. Share Khan: Share Market App

share khan share market trading app

 

Achieve your financial goals with the all-new Sharekhan App. Designed and built for traders and investors alike, you can now trade across equities, derivatives from NSE and BSE and invest in mutual funds through your favorite Sharekhan App. Features like advanced charts and measurement tools, Watchlist, etc. allow you to make smart trading decisions while Portfolio customization and short cut bar allow you to monitor your investments.

For Traders:
1. Trade smart with enhanced live charts (Renko, Line, Candlestick, Bar, Area) with more time frames (ranging from 1 minute to 1 year), tracker ball and advanced chart studies
2. The refresh rate of stocks, multiple prices, and graphs faster
3. New dashboard for a comprehensive view of what’s happening in the market at all times
4. In-depth market stats of stocks, futures, and options
5. Place different types of orders – Normal Order, Sell against Margin (SAM), Big Trade, Big Trade Plus, Bracket orders (BO)
6. Trade smart with new trading ideas on Pattern Finder every day

Share Khan is one of the best app for intraday trading.

·         Compatibility

Android and iOS

·         Popularity

Over 1Million Downloads

·         Reviews

3.8 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

10. Angel Broking

angel broking demat trading app

Want a stockbroker at your fingertips? Well, then you have one in the form of Angel Broking mobile share trading app that allows stock trading anytime, anywhere. You can use this stock market app from anywhere and at any time.
There’s another good reason why you should choose Angel Broking’s  Angel iTrade Prime; you get premium services with simplified pricing. Online trading has never been so attractive! You enjoy the benefits of zero-brokerage on delivery trades for a lifetime with no hidden charges.
Apart from enabling share trading at your fingertips, Angel Broking’s stock trading app also provides forward-looking financial advice. With the help of our trading app, you can hone your online trading skills so that you invest in top-performing stocks.
The smart online share trading platform keeps things simple, quick, and secure. You also get alerts on rebalancing your portfolio, in-depth market analyses, and advanced charting through our stock trading app.
So, download and install the Angel Broking mobile app to enjoy the following features and more!

·         Compatibility

Android and iOS

·         Popularity

Over 5Million Downloads

·         Reviews

3.9 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

11.  Upstox Pro

upstox pro stoack trading app

 

Upstox Pro helps you trade and analyses the Indian stock markets in real-time. Cutting edge charting tools, and live market data make it one of the most renowned stock market trading apps in India.

Just download and experience the trading app for free. You can track and analyses stocks on-the-go. Open a demat account only when you’re ready to place your first trade!

Key Highlights –

– Universal search tool to find simple and complex stocks.
– Access to NSE cash, Futures and Options, and Currencies scraps
– Cutting-edge charting tools that are above industry standards
– Charts of multiple intervals, types and drawing styles
– Apply 100+ technical indicators on real-time charts
– Trade directly from charts with the Trade From Charts (TFC) feature
– Set an unlimited number of price alerts for instant updates
– Create an unlimited number of customized watch lists
– Receive real-time market feeds to stay on top of your scraps
– Access predefined watch-list of Nifty 50 and other indices

·         Compatibility

Android and iOS

·         Popularity

Over 5Million Downloads

·         Reviews

4.1 out of 5 stars

·         App Support

24/7 Customer care support is available for its users

12. Share Market Trading Courses

share market trading app

 Market Gurukul’s App has 20 hours of Technical Analysis Training Videos for Stock Trading, Commodity Trading, Options and Forex Trading. It has Training videos from basics and beginners guide to advanced Technical Technical analysis tools and Strategies for trading. These strategies work in all markets, it doesn’t matter if you in Share Market, Commodity market, forex market or any other markets, Technical analysis is mathematics and maths works everywhere.

Learn Technical Analysis in a fun and easy way. Edward ji explains the most difficult and technical analysis terms in layman’s terms with funny and simple examples from our day today life.

If you are a serious trader or a Prospective trader, no matter at which level of trading you are currently in, you’ll learn many new concepts and get a whole new perspective on trading the markets systematically.

·         Compatibility

Android

·         Popularity

Over 500,000 Million Downloads

·         Reviews

4.7 out of 5 stars

·         App Support

No 24/7 support.

13. Live Share Tips

live share trading app

MarketGurukul’s App has 20 hours of Technical Analysis Training Videos for Stock Trading, Commodity Trading, Options and Forex Trading. It has Training videos from basics and beginners guide to advanced Technical Technical analysis tools and Strategies for trading. These strategies work in all markets, it doesn’t matter if you in Share Market, Commodity market, forex market or any other markets, Technical analysis is mathematics and maths works everywhere.

Learn Technical Analysis in a fun and easy way. Edward ji explains the most difficult and technical analysis terms in layman’s terms with funny and simple examples from our day today life.

If you are a serious trader or a Prospective trader, no matter at which level of trading you are currently in, you’ll learn many new concepts and get a whole new perspective on trading the markets systematically.

·         Compatibility

Android

·         Popularity

Over 100,000 Downloads

·         Reviews

4 out of 5 stars

·         App Support

24/7 Customer care support is available for its users.

14. Stock Edge

stockedge indian stock trading mobile app

 

India’s Top Rated Unbiased Stock Market App for Investors & Short Term Traders

Stock Edge is the best trading app in India, which is 100% focused on research and analytics. It empowers the users to do self-research by providing all necessary tools which are relevant for doing top stock research based on FUNDAMENTAL, TECHNICAL & DERIVATIVES RESEARCH in a very SIMPLE TO UNDERSTAND framework.

Stock Edge is India’s best and the fastest growing share market app that also provides Mutual Funds analytics & research, primarily based on NSE & BSE data. It helps the Traders & Investors analyze the stock market in-depth and take better decisions by providing them with end-of-day analytics; visualizations to suit individual needs and at the same time analyze the market data in the best possible manner.

StockEdge is part of the vision of making Indian retail aware of the opportunities available for creating wealth in the Equity Market. We do not promote intraday trading thus we would like the traders/ investors to look at the end of the day analytics for sustainable price movement in a stock and Investment updates. This is a must-have app to manage your money better and get control of your stock market investment.

·         Compatibility

Android and iOS

·         Popularity

Over 1Million Downloads

·         Reviews

4.3 out of 5 stars

·         App Support

Customer care support is available for its users

15. NDTV Profit

ndtv mobile trading app

NDTV Profit app brings you to live coverage from the financial markets and corporate India. Powered by India’s leading business channel, NDTV Profit, the app is your best source of information on the business, economy and the markets.
Use the application to watch Live TV and stay updated with the latest news and analysis of financial markets, economy and business.

Track the markets and get live stock quotes during market hours. Research your potential investments with company-specific news, videos, historical market performance, financial and key metrics. All this plus interactive charts, market screeners and video-on-demand.

The app has all the insight, inputs and analysis you need from the channel you trust.

NDTV Profit provides various news and data related to the Indian Share market and is therefore the best technical analysis app for Indian Stock Market.

·         Compatibility

Android and iOS

·         Popularity

Over 100,000 Downloads

·         Reviews

3.9 out of 5 stars

·         App Support

Customer care support is available for its users.

How to choose trading apps in India?

While choosing a trading app for you will have the keep the following points in mind.

1. Features.

The first thing that you will have to keep in mind while choosing a trading app is its features. Apart from the regular buy and sell features, Trading apps comes with various other features such as real-time stock data, stock related news and information, videos and pictures related to buying and selling of stocks, etc.

2. Tech-Support.

Tech-support or Customer support is another important characteristic of trading apps. Many at times several transactions gets failed or you might have queries related to the development and functioning of the app, therefore a good and efficient customer care service must be available for the app’s customers.

3. Offers.

Several trading apps comes with various offers such as free Demat account, cashback on first deposit to the app’s wallet etc. There are various other benefits also which are offered by the trading app. This is why offers also play a vital role while determining an ideal trading app.

4. Commission.

Trading apps charge a certain percentage as commission for the purchase and sales of various securities. Some apps charge a very negligible amount while some apps might charge a huge amount as commission. Therefore you have to check the commission charged by the application before trading in it.

5. Compatibility.

For mobile phones, there are two main operating systems which are iOS (for iPhones) and android. Apps are sometimes built for either one of the operating systems or both the operating systems. If you have an android phone then only an android based trading app will be compatible with your phone or vice versa. Compatibility plays a major role in determining the best trading app for you and your mobile phone.

6. Withdrawal.

Many apps allow instant withdrawals from their wallets while for some apps you will have to wait for a day or two before being actually allowed to transfer/withdraw your cash from the app’s wallet to your bank account. You will have to check this before selecting your ideal trading app.

7. Popularity and ratings.

The Google play store and the apple app store have a feature which lets users using the app share their reviews. It also enables the users to rate the app out of 5stars based on the app’s performance. Before downloading a certain trading app go through these ratings and reviews. These will help you to understand the advantages and limitations of the app better.

Features of a Good Trading App.

A good trading app has the following features:

1. User-Friendly Interface

The interface of a good trading app is often kept simple by the app’s developers. This is basically done with the view to simplify trading for the users and give them a hassle-free experience. Interfaces with lots of buttons often complex trading for the users and the user fails to use the app efficiently and with much ease.

2. Highly Encrypted Transactions

Since in a trading app all the transactions related to the user and the app is done on the internet, it is very risky. Hackers might steal your data and money. This is why good trading apps have a very secure algorithm related to their transactions so that each transaction is encrypted without any third party interfering in it.

3.  Good Efficiency

A good trading app helps its users while trading by providing them with accurate data and statistics related to their transactions. Better the information provided by the app, the more efficient the app becomes.

4. Extremely Flexible

Trading apps are highly flexible. They allow the users to go through the information and use the app wherever and whenever they want.

Advantages of mobile trading apps.

  • Helps and enables the users to sale and purchase securities right from their home.
  • Transfer of ownership and transfer of the sale/purchase amount is done within seconds.
  • Less paperwork.
  • No need to hire a stockbroker as you will get real-time stock market updates and other information right in your mobile application.
  • Keeps the user updated about his stock by providing real-time news and statistics.
  • 24/7 Customer support is available which allows the users to get their problems solved and queries answered whenever they want.

Conclusion

Trading apps have made trading easy for users. These apps provide real-time statistics, information and prices of shares and securities. Also, the commissions charged by these trading apps are very negligible. Most of the trading apps have 24/7 customer care support which enables the user to get his queries answered whenever he wants.

However, all trading apps are not compatible with all kinds of mobile devices. Some trading apps work only in android mobiles while some work only in iOS mobiles. Again, online transactions done through trading apps are prone to attacks by hackers. This is why almost all the trading apps highly encrypt all the transactions before releasing them on the internet to prevent third party access to your information.

Though trading tends to wealth creation it is advisable to get some knowledge related to trading before you actually start trading as trading contains a high risk of losses.

FAQ’s about Trading Apps

Q1. Can you invest in international markets through trading apps?

ANS:  Yes, we can invest in an international market using a trading app/

Q2. Can you open DEMAT account through a mobile app?

ANS:  Yes, we can open a DEMAT account through a mobile app. Money Control, Groww, 5 paisa allows their users to open Demat account for free.

Q3. Do stock trading on the mobile app have fees?

ANS:  Yes, Mobile trading apps charge a commission from the users. The commission charged is very negligible.

Q4. Which is the best stock trading app in India?

ANS: Money Control, 5paisa, Groww are the most downloaded and used trading apps in India. You can use one of these apps as per your requirement.

Q5. Which is the best stock trading app for Android devices?

ANS:   Money Control, Jstock android, NSE Mobile trading are among the best stock trading app for android devices.

Q6. Which is the best stock trading app for Apple iOS?

ANS:   Groww, 5 Paisa, IIFL Market are among the best stock trading app for iOS devices.

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