Top 10 Trading Platforms in India
Investment and trading are part of our corporate world. For trading in stocks or commodities, you should contact a stockbroker because a stockbroker gives access to an individual or organization to trade on their platform.
In the “digital world” everyone is aware of smartphones and computers. It’s very easy to access anything. Earlier trading was not easily accessible for everyone.
For many people, it is difficult to trade in stocks, shares, or commodities. But now things are very simple, and you can buy and sell stocks from your home. You can create your Demat account from your home or from anywhere in the world and can trade in stocks and commodities. Basically, stockbroker accounts help in Trading stocks, IPO, bonds and commodities, etc.
In India Stockbrokers are of two types:
- Full-Service brokers who charge full brokerage fees based on your trading.
- Discount brokers.
So, we will talk about both types of brokers who provide trading platforms for trading and investments in India.
List of 10 Best Trading Platforms in India
Kite is launched by Zerodha. Zerodha was started on 15th August 2010. It is a financial service company which is based in Bengaluru India. Zerodha is a Member of the National Stock Exchange(NSE), Bombay Stock Exchange(BSE), Multi Commodity Exchange(MCX), Multi Commodity Exchange Stock Exchange MCX-SX.
Zerodha launched its product kite for trading in India. Zerodha has around 2.1 million Active clients in India and Kite app is downloaded by more than 1 million users on the Google play store. Zerodha charges zero brokerages for investments and Rs.20 for Futures and Options (F&O). After opening the Demat account in Zerodha we can access our Zerodha account from the Web app as well as from the mobile app.
Zerodha provides many features like a market watch, multiple chart view, market depth view, and many other features. Kite platform is loaded with many features, but some drawbacks are also there. Zerodha Kite trading platform does not provide any facility for the buying and selling of mutual fund investment. Currently, Zerodha has more active clients than any other trading platform in India.
Upstox is one of the fastest-growing trading platforms in India. Upstox was launched on 15th august 2015. There is not much difference between Zerodha and Upstox.
Upstox charges a flat Rs.20 or 0.05% fee per trading and Zerodha charges Rs.20 or 0.03 % fee per trading. Upstox’s headquarter is in Mumbai and it has more than 300 employees. Ratan Tata has also invested in Upstox.
RKSV securities own the trading platform Upstox. After opening a demo account in Upstox It can be accessed by mobile application or through Web Platform. Upstox Pro Mobile is loaded with many features like it shows live Nifty Indices with a change in percentage and through this, we can get an idea of marker movement.
Upstox also provides specific details about stocks just like Zerodha. Upstox Trading Platform also provides features like news, overview, market depth, alerts, and notification, etc. Upstox is Listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and on Multi Stock Exchange (MCX).
Along with Trading in shares and commodities, you can also invest in Mutual Funds by using this platform. Upstox does not charge any fees or brokerage while investing in Mutual Funds. They only charge Brokerage fees on Intraday trading.
Sharekhan is a retail brokerage firm in India. It was founded in February 2000 and it’s headquarter is based in Mumbai. Sharekhan was acquired by BNP Paribas in 2016.
Sharekhan was one of the first brokers to provide an online trading platform in India. It is registered on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multicommodity Exchange (MCX). Sharekhan is present in more than 541 cities.
Sharekhan was awarded as the best performing retail member at NSE market achiever awards in 2018. Sharekhan has more than 1.4 million customers. You can access your Sharekhan Demat account through the Sharekhan mobile app or through the web. Sharekhan mobile app has a 1 million-plus download on Google play store and more than 4 lakhs daily active traders on their trading platform.
Sharekhan trading platform provides data on the domestic and global markets. It also provides a one-time login feature so that you can get rid of daily login and logout hassle.
You can also buy mutual funds by using the Sharekhan trading platform. It’s very easy and comprehensive to track your portfolio, trades, and mutual funds. Sharekhan charges 0.50% for equity and 0.10% for intraday.
4. Angel Broking Speed Pro
Angel Broking is one of the oldest Stock Broker firms in India. It was established in 1997 and its headquarter is in Mumbai. Angel Broking is a full-service broker.
Angel Broking firm launches its online platform for trading in mobile app form as well as in web form. Angel Broking app pro provides many features other than trading of shares and commodities.
Angel Broking is one of the most popular stockbroking firm in India. They provide a customizable toolbar on their angel broking speed pro app. A user can open live market information in excel from their trading platform. Angel Broking is rated as one of the best platforms for trading in India.
Angel Broking is a member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multicommodity Exchange (MCX), and National Commodity and Derivative Exchange Limited (NCDEX).
Angel Broking charges Rs.450 plus taxes annually as maintenance charges. Angel Broking brokerage charge is zero and the intraday trading fee is Rs.20. They charge a maximum of Rs.20 per trade. Angel Broking is a full broking firm whereas other platforms like Zerodha and Upstox are discount brokers.
Angel Broking App Trading App is downloaded by more than 5 million people on Google Play store. Angel Broking Speed Pro is NOT available on MAC PCs.
5. Fyers One
Fyers was launched in September 2018 and it is an Indian discount broking firm. Fyers is listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Stock Exchange (MCX). Fyers is based in Bangalore with a presence all over India.
Fyers is on Google Play Store as well as on the web for P.C and laptop users. The process of opening a Demat account on Fyers is very easy.
Fyers charge a maximum of Rs.20 per trade. Fyers provides a lot of features along with free chat facilities on their platform. Fyers charges Rs.400 to open a Demat account Rs.300 for Demat account annual maintenance charges. More than 50k people have downloaded their app on Google play store.
6. MOSL Trader
Motilal Oswal was listed on National Stock Exchange on 11 September 2007. Motilal Oswal was established in 1987 as a Broking House and it’s headquartered in Mumbai.
Along with trading, they provide a wide range of Financial Services. Motilal Oswal is Present in more than 550 cities. They have 2200 employees handling more than 1 million customers in all their services.
Motilal Oswal is Listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company has also faced several allegations regarding their practices. Motilal Oswal charges 0.50% for equity and 0.05% for Intraday trading. Motilal Oswal Trading app has more than 100k downloads on Google play store.
Motilal Oswal does not have too many features but their user experience review is great. You can access all contract-specific information on a single screen. They have more than 20 years of experience in investment and trading.
7. Trade Racer (ICICI)
Trader Racer Trading platform was launched by ICICI. It is a Full-service Stock Broking Firm and they are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). ICICI Trader Racer is a Terminal-based Trading platform. The software needs to be downloaded by users on Personal Computer or Laptop for Trading.
Trade Racer charges 0.0031% for equity on NSE and 0.0028% on BSE for equity Delivery and Intraday trading. ICICI also charges Rs.700 as annual maintenance charges. ICICI does not charge any money for opening a Demat account.
They provide charts, trend scanner, analytical view, and many other features on their platform. It is not easy to understand the Trader Racer platform because of its advanced features. Its design is unique which gives a better experience for users.
5 paisa trader terminal is a Discount Broking firm. It is a subsidiary of the IIFL trading Terminal. They began operation in 2016 and are listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multicommodity Stock Exchange (MCX), and Multi Commodity Exchange and stock exchange (MCX-SX).
5paisa provides facilities for trading in equity, commodities, derivatives, and currency segments. In 2018 they won the best trading app award and in the same year they won the “best digital start-up award”. The company has more than 1000 employees.
They charge flat Rs.20 for Equity and Intraday trading. They also charge Rs.540 for annual maintenance charges. 5Paisa is one of the fastest-growing trading platforms in India. 5Paisa trading app has more than 5 million downloads on Google Play store.
9. IIFL Trader Terminal
IIFL trader terminal is a subsidiary of India Infoline Financial Services Company. IIFL was established on 17 October 1995. IIFL group has more than 10,500 employees. India Infoline Financial services Trader Terminal is listed on the National Stock exchange (NSE), Bombay Stock Exchange (BSE), Multicommodity stock Exchange (MCX) and National commodity and derivatives exchange limited (NCDEX).
They provide a comprehensive platform with the best analytical tools. They provide many features on their platforms such as a market watch, Market analyzer, and Single click order placement. IIFL provides web and mobile trading platforms having more than 1 million downloads on Google Play Store. They charge 0.03% on Intraday trading, 0.015% on Delivery, and 0.002% on equity futures and options.
10. Samco Securities
Samco was incorporated in March 2015 and after the acquisition of Samruddhi stockbrokers ltd, it was rebranded as SAMCO Securities. Samco Securities is listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange, and Metropolitan Stock Exchange of India (MSEI).
Samco securities charge Rs.20 or 0.02% on intraday and futures trading. They charge a flat 0.2% per delivery transaction. Samco securities come under the category of a discount broker. Samco securities trading app has more than 100k downloads on Google play store.
Samco securities trading platform is very easy to use the product for new traders or beginners. They provide stock market analysis in a simple way and their charts are comprehensive. They provide web as well as mobile trading facilities.
In India, you will easily find a stock broker for trading but you should know your preferences and trading level to select a perfect trading platform. Different trading platforms have different specifications according to the level of trading. So, in India you have a lot of options of trading platforms. So now it is your responsibility to select the best trading platform for yourself which suits your requirements.