Stock trading refers to buying or selling shares of a particular company; if you own the stock, you own a chunk of the company. These shares are listed on a stock exchange or offered over-the-counter.
In a stock market, investors can buy and sell ownership of their equities. For economic development, the efficient working of the stock market is considered critical.
Now, all of this process was pen and paper-based but in this digital time, it is shifted on the Internet. The online stock trading platform is software used for trading.
There is a financial intermediately known as an online broker. These brokers manage the trades and monitor accounts that are enabled by the software.
The software is available for desktops and mobile devices. In this article, we will be learning about some of the best stock trading applications available in the market.
1. 5 Paisa
With 4 million downloads, 5 paisa is one of the popular platforms for trading. You can get live updates from BSE, NSE, and MCX markets. The company also provides charting tools, statistical analysis of the stocks, and some basic investment learning videos.
You get to trade in equity, commodity, derivatives, and currency segments all in one application. The fund’s transfer to and from the platform is made easy and intuitive. There are many more cool features available on the application. So, just install and click on the buy/sell button.
2. Upstox Pro
Upstox Pro is the new player in the market and is gaining a lot of attention. Upstox helps you to trade and analyze the stock market in real-time. The trading data is live and the charting technology makes it more likable. The platform has about 100+ technical indicators which help you in the selection of the stocks.
The brokerage charged by the Upstox is one of the lowest in the industry. You can personalize the application and play with a lot of things on the platform. You can create a watchlist, set the price alerts on a particular stock, and trade directly from the charts feature.
3. Zerodha Kite
One of the most popular and used trading platforms in India is Zerodha kite. The user-interface is fresh built, intuitive, and it has a super-lit backend in dark mode. You get a universal overview of all the financial instruments.
The application has a special bio-metric security feature. In addition to this, the brokerage charge on delivery of shares is zero and if you trade the shares on the same day then a charge of Rs. 20/executed order is charged. You can open the account with no paperwork and start trading within hours of installation.
4. Edelweiss Mobile App
A modern trading application for the Indian stock market. The price quotes are quick, detailed, and are streamed in real-time. You can invest in the BSE, NSE, MCX, derivatives, and currency markets. The application gives access to stock charts, candlestick charts, and various other tools that help in decision making.
You will be getting live alerts for the changes in the market. The platform provides research on the current trends going on in the market. The interface displays the top 50 and bottom 50 stocks for the day. Also, you will automatically register for the market news through the application.
5. Motilal Oswal Trading App
One of the most oldest and trusted platforms in the industry is Motilal Oswal. The company is at least 30 years of age and is leading the industry with its various products. The mobile trading application can be used to trade shares, commodities, derivatives, and currency instruments.
The on-the-go feature of checking the investments is well-built and easy to use. You get a single view of your orders and positions with their MY Wallet feature. The detailed analysis of each stock with multiple charts ranges from minutes to five years.
Sharekhan is one of the oldest platforms for trading in India and you must have heard about it. The mobile application is built for traders and investors with the same design. In addition to all the financial instruments, it allows investment in mutual funds also.
Features like candlestick charts, measurement tools, watchlist, etc. allow you to make smart trading decisions. There is a Sharekhan classroom feature that is free and it teaches the basics of stocks and the market. Any queries are answered within minutes and the customer support is available 24/7.
7. Angel Broking App
The stock market at your fingertip and you can use the application anywhere and anytime. The application provides future financial advice to users. You can have access to in-depth analysis, advance charting, and rebalancing your portfolio features. With support from over 40 banks, you can make the payments easily. You get the latest news, intraday charts, profile-based advisory, and final summary reports.
8. HDFC Mobile Trading app
The all-new HDFC securities mobile application is easier to use, easier to navigate, and it is equipped with all the latest market updates. The investing experience is redefined with real-time data, investment ideas, charts, and many more features. The application deals with equity and derivatives. You can get the details of any stock by just clicking on it. The intraday charting is available in real-time.
9. IIFL Markets
IIFL markets application has been rated at par with most of the trading applications. The trading platform is built with comprehensive features. Features like trading with just a click, verification by OTP, and major price alerts are liked and used by everyone. The application provides expert analysis of the stocks and the company is around 20 years old with immense industry experience.
In conclusion, there are some of the points which will help you evaluate the stock trading platforms. The first point is compatibility. Check the mobile application compatibility with your device. If you are using a low version app, then update it to get all the benefits.
While checking the version, also look at the number of downloads of the apps. This is an indirect method to check the popularity of the application. Read the customer reviews before downloading the app and check which kind of problems people are facing.
You can also browse through the internet and find out the best technical indicators for stocks. Then check if those are supported by mobile applications. Above are the best 7 stock trading apps in the market. Mobile apps are a life-saver when you want to invest and you are on the move. So, download the app and start investing on the go.