India introduced online trading in February 2002, and the landscape transformed significantly with the advent of modern technologies and the digital revolution. The majority of Indian households embraced share and mutual fund investments post-2010, driven by the rise of user-friendly mobile trading apps. Radhika Singh, a full-time trader, recommends the following seven best trading apps:
Zerodha:
Radhika ranks Zerodha as the top choice, citing its detailed account features and user-friendliness. Zerodha stands out by calculating taxes on the trading statement, and it doesn’t charge brokerage fees on any investment, providing convenience for users.
Groww:
Despite being relatively new, Groww has captured a substantial active user base in India. Radhika acknowledges its appeal to new investors, offering a free demat account and a simple interface that is beginner-friendly.
Angel One:
A trusted name in the stock market and investments, Angel One requires a fee of Rs 20 for commodity, forex, and F&O investments. The app allows users to create a free demat account, contributing to its credibility.
Upstox:
Operating since 2012, Upstox provides advanced charting tools with access to over 100 technical indicators. While it charges a fee of Rs 20 on every successful order, its features cater to traders looking for sophisticated analysis tools.
5Paisa:
A relatively young player, 5Paisa offers an auto-investment option. Similar to Upstox and Angel One, this app charges Rs 20 per trade for various trading segments, providing a cost-effective solution.
Alice Blue:
Considered one of the cheapest intra-day trading platforms, Alice Blue offers an easy-to-use interface. Users pay Rs 15 for every travel trade made on the app, contributing to its affordability.
SAS Online:
With a monthly plan priced at Rs 999, SAS Online is recognized for its cost-effectiveness. The app charges a flat Rs 9 per trade, irrespective of the trade’s size, making it an appealing option for traders looking for a budget-friendly solution.
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