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.

Comparison Between Apps

Choosing the best trading app is an important consideration for traders because factors like brokerage commission, platform speed, user experience, and features may benefit or challenge traders while executing their trades. Below is a comparative review on some leading trading apps widely used in India.

Detailed Feature Comparison

Feature	Dhan	Sharekhan	Angel One	Upstox	Zerodha Kite	Groww
Best For	Intraday & options traders	Beginners & long-term investors	Algo traders & investors	Discount brokers & traders	Advanced traders & investors	Mutual funds & stock investors
Account Opening Fee	₹0	₹0	₹0	₹0	₹200	₹0
Annual Maintenance Fee	₹0	₹400	₹240 + GST	₹0 to ₹150	₹300	₹0
Brokerage Charges	₹0 for delivery,  ₹20 per trade on F&O	₹0 for delivery,  0.03% for intraday & F&O	₹0 for delivery,  ₹20 per trade on F&O	₹0 for delivery,  ₹20 per trade on F&O	₹0 for delivery,  ₹20 per trade on F&O	₹20 per trade (equity delivery),  ₹20 for F&O trades
Order Execution Speed	Fast, 50ms	Moderate	Fast execution with AI	Fast execution, low slippage	Very fast, ultra-low latency	Good for long-term trades
Margin Availability	Up to 4x for intraday	Up to 10x for intraday	Up to 5x for intraday	Up to 20x for intraday	No margin for equity trading	No margin trading available
Charting Tools	TradingView & ChartIQ	Basic charting tools	Smart charts & AI analytics	TradingView & advanced tools	Advanced technical indicators	Basic charts, lacks advanced tools
Algo Trading Support	Yes, via APIs & integrations	No	Yes, Angel SpeedPro platform	Yes, API support available	Yes, Streak & APIs supported	No API support available
Mutual Funds & IPOs	Yes, available	Yes, extensive options	Yes, built-in investment tools	Yes, smooth interface	Yes, but focused on trading	Strong focus on mutual funds
Customer Support	App, chat, and call support	Strong offline & online support	Good AI-powered chatbot	Quick response, online only	Community-driven, limited call support	Decent support via chat & email

Here is a custom-made suggestion for traders:

• Best for Intraday & F&O Traders → Upstox & Dhan (Low brokerage & high leverage)
  
• Best for Beginners & Long-Term Investors → Groww & Sharekhan (Easy-to-use & research tools)
  
• Best for Algo Trading & Advanced Traders → Zerodha & Angel One (API support & smart charts)
  
• Best for Mutual Fund Investors → Groww (Strong focus on mutual funds with a simple UI)
  
• Best for Zero-Cost Trading → Dhan & Angel One (Zero account opening fees & no delivery charges)

Parameters To Consider While Choosing the Best Trading App in India

If you are a beginner in trading, knowing what trading app to select can be a daunting task. With so many options available, how do you know which one is best suited for you? Don’t sweat it, we have been in your shoes, too! Here are some key insights on searching for the most suitable trading app:

1. Brokerage Charges & Fees

You might not notice just how much you are spending on brokerage and fees per trade until you check the statements at the end of the month. It is crucial to be aware of what you are paying for, how much it is in total, when it is due, and over how long. 

• Brokerage Charges: This is the fee charged by a platform on each order. For instance, Dhan charges ₹20 for equity delivery trades and ₹20 for F&O.
  
  
• Annual Maintenance Charges (AMC): Some applications charge an annual fee to keep your account active. Like Zerodha charges ₹300 a year while Upstox does not.
  
• Account Opening Fees: Most apps like Dhan and Groww offer free account opening, whereas some charge a one time registration fee like Zerodha.

Tip: If you trade often, consider using apps that have little to no brokerage. If your focus is on long-term investing, use apps without AMC charges. 

2. Order Execution Speed

Order execution speed is key for traders, especially intraday and F&O traders. If an app is slow, you could miss great opportunities. Simply asking your app to execute an order means being able to maximize profits, this goes without saying, even one second counts. As a pro trader or even for someone who is looking to get into day or F&O trading make sure the app you choose has great execution speed.

• Apps like Dhan, Upstox, and Zerodha have great order execution speed. 
• With Sharekhan, the execution could be a bit slower as it tends to have a simpler interface.

3. User Interface & Ease of Use

Not everyone understands sophisticated mobile applications and technical jargon, but not everyone needs to know too. Thus, a clean and intuitive interface is quite important especially for users that might interact with it occasionally, like for research, checking trades, or adding new investments. 

• Users have already said that Groww, Angel One and Sharekhan are comparatively easy to use. 
• Zerodha and Upstox have more sophisticated options, but these can be a bit intimidating to a fresh trader. 

4. Charting & Analysis Tools

If a customer leans more towards technical analysis, it will be quite important to select an app with acceptable charting tools. Charts speak for themselves, and it is something like a heart-beat of charts that traders look at. So a good trading application has to have good systems of charting. 

• Dhan, Zerodha, Upstox and Angel One provide advanced charting with the help of TradingView and ChartIQ. 
• Groww does have better charts but misses important analysis software. 

5. Algo Trading & APIs

Algo trading seems to be the next frontier everybody is interested in, and it is enabling traders to prefer it more and more. If you would like your trading to be automated, consider using applications with API access or features for algo trading. 

• Dhan, Zerodha, Angel One and Upstox allow API trading. 
• Groww does not allow for algo trading.

6. Investment Options

Investing doesn’t just stop at purchasing or selling stocks; the investment world is more like an ocean with SIP, bonds, mutual funds, and so on. Think about the variety of investment opportunities available on the app in accordance with your business preferences. 

• Groww, Sharekhan, and Angel One are the best investments for SIP and mutual funds. 
• Dhan, Upstox, and Zerodha are focused on stocks as well as derivatives and F&0. 
• All apps provide investments for IPOs. 

7. The Customer Service

There should be prompt and efficient customer support especially where there are money-related issues. It is pretty much evident that users would find it comfortable doing business with a broker who listens to their problems. 

• Sharekhan has branches in different parts of India for offline assistance. 
• Alongside Dhan, Groww, and Angel One, can be reached for fast response online assistance. 

8. Trust & Security

Most important is the integrity of the application for your personal privacy and security. Before you can – make sure if the app is secure for investment and compliant with SEBI so your funds remain protected. 

• Dhan, Upstox, and Zerodha have installed bank level security encryption and 2FA. 
• All popular apps are SEBI compliant which assures you of following regulations.

Methodology for Identifying the Top Trading App in India

Choosing the right trading app from a long list of such apps is quite difficult. Checking the most popular and highly rated apps may stand to be a good start, but it is not sufficient. A great trading app must meet your investment objectives, trading preferences, and user friendliness.

For that reason, here are seven important questions to ask yourself before selecting a trading app:

What are the app/store user ratings and reviews like?

An app with high reviews and positive ratings is usually a good representation of its reliability and user satisfaction. Look for common issues such as sluggish speed of execution, app crashes or unacknowledged fees before making a decision.

Is the app user friendly for the investors?

A good app should be simple in structure, as this would assist the users to easily trade and manage their holdings as well as the insights from the market. Some of the strongly recommended apps with simple UIs for new traders are Groww and Sharekhan.

What types of assets can be traded on the app?

As per your own research, look for a platform that enables stock and mutual fund investments, F&O trading, commodity trading (gold, silver, etc.), bond investments and even IPOs. Some apps only deal with some specific asset classes while others have a wider reach. 

What security features are there for traders?

Security is the primary concern when selecting the trading app to work with. The most basic feature you should check is whether the platform has: 

• Two-factor Authentication for logins.
• Registration with SEBI and adherence to rules.
• Bank-grade encryption to safeguard your personal and financial information. 

How responsive is the customer support?

A trading app should have instant response and real time support, whether it is through a chat, email or phone. In case the user wants assistance through offline channels, Sharekhan does have support through branches while Dhan and Angel One are mostly online and respond quickly.

Do the trading fees add up?

Brokerage fees have a big impact on your profits. Always look for 

equity delivery fees, intraday & F&O charges, account opening and maintenance fees of each platform before selecting one.  

What are the research tools and other educational materials available?

An excellent trading application should provide investors with: 

• Market insights & real-time data 
• Technical analysis & charting 
• Content designed for newbies 

Advanced charting features are available on Zerodha, Upstox, and Angel One but Groww is more focused on educational materials for investors.

Ask yourself these questions and do a thorough research before making a selection with any application.

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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