Best Trading Apps in India 2024 for Aspiring Traders

Choose the best trading app that can drive you towards success in today’s volatile market. India boasts a diverse range of trading platforms for novice and experienced traders. Pick the trading app which is suitable for your trading strategies.

As a beginner you must have come across with a dilemma of which trading app should I choose? Or which is the best trading app amongst all? Do not worry, in this blog, we have highlighted the best trading apps and evaluated their features, security measures and user friendliness to provide you with the best support. Read this blog and pick the best trading apps that best suit your needs.

Dhan

Dhan is one of the safest and trusted trading applications that offers advanced features to enhance trading experience of an individual. ScanX Stock Screener by Dhan gives you deep insights about fundamental trading techniques as it identifies EPS, PE, Working capital and other for better trading process.

Features: The trading platform is designed to give an incredible trading experience to regular traders who use features such as margin, charts, option chain, and fundamentals as well. The application caters to each segment of stock market i.e. stocks, options, futures, commodity, currency, ETFs, Mutual Funds, IPOs and soon bonds also. Some exceptional trading features offered by Dhan includes:

• Margin Trading Facility up to 4x leverage
• TradingView Charts
• Webhook as order type
• Custom Strategy Builder to build F&O strategies from one platform
• Pay-Off Graphs
• Forever Order with OCO – where you can place target and stop loss order until the criteria is met.
• Traders Diary
• Reverse Positions
• Live Market Scanner
• Future Chain on TradingView
• Transaction Estimator

Sharekhan

Sharekhan, being one of the oldest online stockbrokers in India, is SEBI regulated. Sharekhan is one seamless trading application where investors and traders can make use of loaded features and take their trading to the next level. The application is renowned for its comprehensive demat and variable brokerage charges.

In Sharekhan, traders get to personalize their watchlist and keep an eye on their investments regularly. Intelligent Automation is available to streamline the tasks while avoiding manual tedious work. Sharekhan offers real time market data, personalized alerts, news and insights and various other features to gain a better trading experience.

Tools: The trading app elevates your trading experience by giving access to some advanced tools like Trade tiger, Dial-n-trade, pattern finder, sharekhan classroom, and exchange margin funding.

Features: They can gauge the trends spot opportunities handily on the charts, provide a comfortable and simplified interface, real time placement orders are executed, multiple portfolio tracking, notification on news and alerts. The advanced features offered by the platform align well with your trading and financial goals. Users can access delivery as well as margin trading.

Dhan and Sharekhan are the best trading apps in 2024 for individuals who aspire to be professional traders and achieve financial freedom. Both of them fulfills the requirements of traders by offering a variety of features and exceptional services. However, here are some other trading apps which are widely used in India.

Angel One Trading App

Angel One is a platform to invest and trade in equities, mutual funds, and more. At one platform, you can navigate the complexities of the stock market, including US stocks, IPOs, Mutual Funds, commodities, futures and options.

Features: At this trading app, serious traders seeking power, precisions, and profitability can enjoy real time charting powered by advanced indicators; multi charts layouts, direct trading from charts which provides you an edge in dynamic markets.

Upstox Trading App

Upstox is designed for beginner traders in a way to provide a clean and intuitive interface to navigate and access various trading features.

Features and Tools: It provides opportunities to investors in stocks, currencies, commodities and mutual funds. Advanced tools like Trading view and Charts IQ libraries are provided for technical analysis which makes this application ideal for advanced and seasoned investors. Due to its complicated interface, users might face certain challenges while accessing the charts as it is not very friendly to use.

Zerodha Kite App

Zerodha is one of the largest trading platforms which contribute nearly 15% of all Indian retail trading volumes. Zerodha is a beginner friendly app with an intuitive user interface which is most suited for passive, active and algorithmic traders. New versions of Zerodha platform offers market watch and advanced charting with over 100 indicators and advanced order types like cover order, goof till triggered order with fast placement order features. Some advanced efficient features provided by this app includes:

• Provides Real time market data with advanced charts.
• Provides leverage up to 20 times on intraday trading.
• No commission is charged on direct investments in mutual funds.
• Detailed analysis is displayed on daily trades and overall portfolio performance is reflected.

Groww Trading App

Groww is one trading app for beginners that provides a user-friendly interface with the use of several trading analysis tools. The app is widely known for its less brokerage fee which is 0.05% of the trade value including equity delivery, intraday, and Futures and Options.

Features: It offers investment options in various asset classes like stocks, mutual funds, gold, US stocks, and fixed deposits. Security measures are ensured through encryption and verification methods. 24/7 customer support is available to the traders.

Tools: Few market tools to grab live market information, stock screener, watchlist, portfolio tracker, SIP calculator, smart alerts, etc are available.

How to open a demat account on a trading app?

To open a demat account to an easy task nowadays which can be comfortably executed by following these steps:

• Select the suitable broker and download the app in your mobile phone from your aadhar card linked mobile number.
• Sign up using an user ID, password and fulfill the documentation required.
• Enter the OTP received after fulfilling the required details.
• Pay the charges if applicable.
• Log in and begin your trading journey.

Documents Required:

• Photo ID Proof: PAN Card, Voter’s ID, Passport, Driving License, etc.
• Address Proof: Electricity Bill, Bank Statement, Ration Card, etc.
• Bank Proof: Canceled cheque, account statement.
• Passport Size Photograph
• Signature

Summary

Pick the best trading apps suitable for your trading needs by identifying their features and overall pricing structures. Dhan and Sharekhan are the two trading on which GTF traders are reliable as they offer exceptional services with minimum costs associated.

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