In Stock Market, you can buy or sell shares of a company on the Best Trading Apps but directly buying and selling is not allowed for common people. For this, you need a license to transact and a govt. a mediator who does transactions on the stock exchange on the client’s behalf. The govt. the mediator is called Stock Broker. You have to open a Demat account with a recognized stock broker for the sale and purchase of shares.
There are impressive returns and attractive investment options that attract people to the stock market. You need a Stockbroker because stock trading can be risky. There are more than 300 Stock Brokers registered on the stock exchange. It is tough to find out which one is the best stock broker among them. A good stockbroker helps you to make a successful investment strategy in the market. So here we provide you top five best, reputed, and trustworthy Indian stock brokers so that you can decide which is good for your investment.
Best Trading Apps On Our List
ZERODHA :
Zerodha is one of the top stock brokers in India with the maximum number of clients that make up more than 15% of daily retail trading on In stock exchange. Zerodha is founded by Nithin Kamath in 2010. Zerodha introduced the concept of discount brokerage in India with no brokerage model. It offers a flat Rs. 20 per trade brokerage charges whatever will be the traded value. but recently it made the delivery trade charges zero. It charges Rs. 300 for account maintenance, Rs. 200 for account opening, and an additional Rs. 100 for Commodity account opening.
It offers many great features like great exposure, low brokerage, and fully web-based trading. It provides services for equity, derivates, currency, mutual funds, and commodities. It offers huge trading platforms and products to help its clients from education to trading tools. KITE is the trading platform from Zerodha which is available as both a desktop trading platform and as Mobile App. Zerodha is suitable for both investors and frequent traders. Zerodha is a registered member of NSE, BSE, MCX, and MCX-SX Providing Service.
ICICI DIRECT :
ICICI direct is one of the top retail stock brokers in India that offers a wide range of investments to their customers. It is organized by the financial service provider ICICI group which is established in 1994. ICICI direct is the one that made popular online trading in India.ICICI direct is a Bank based stock broker so they offer three in one Demat account facility with high-quality and customized services.
They Offer different types of Brokerage plans such as I-Saver, I-Secure, ICICI Direct Prime, ICICI Direct NEO, and other Prepaid Plans. They Provide discount brokerage with ICICI Direct Prime Brokerage Plan. They charged Rs. 15 per trade for Intraday Brokerage Charges. TradeRacer is a high-speed and technology-driven trading Platform from ICICI direct which is available in the Web version.
There are some features like analytics, charting and statistics reports to understand the platform’s performance. ICICI Direct mobile app is for mobile users. They charged Rs.75 per month as subscription Fees for the platforms, but if your brokerage is more than Rs. 750, the subscription charges will be free. They offer many investment products and services like Online Equity Trading, Fixed Deposit, Financial distribution products, Insurance products, Wealth Products, Mutual Fund apps, Home Loans, Investment Banking, IPO services, bonds, NCDs, Derivates Trading, and loan against shares facility, etc.
ANGEL ONE :
Angel One is the top-rated full-service stock broker in India with 1+ million happy customers. They have now adopted a discount brokerage model. Angel one is an official member of the Bombay Stock Exchange, National Stock Exchange, NCDEX, and MCX and is registered as a Depository participant with CDSL. Angel Broking was incorporated in 1987. They recently change their offers from percentage brokerage charges to flat rates.
It offers trading services in Equity, F&O, Currency, PMS, Life Insurance, ETFs, IPOs, Mutual Funds, and Commodities. They offer a flat-rate brokerage plan named Angel iTrade PRIME. Some other trading platforms are Angel Broking Mobile App, Angel EYE, Speed Pro, and Angel BEE. They charged Rs. 20 per trade and delivery trading is free of cost. There is no charge for account opening and Rs.450 for annual maintenance. It Provides a modern trading platform with expert advisory services and market research reports with recommendations and many other value-added services.
UPSTOX :
Upstox was started by four USA return entrepreneurs. It was based out of Mumbai, earlier known as RKSV securities in 2012, and rebranded to Upstox in 2015. Upstox is funded by leading well-known investors like Ratan Tata, Kalaari Capital, and GVK Davis. Equity delivery trades are free of cost in Upstox. They have a Priority Pack for users who looking for extra margin in extra pay. In this Pack, you need to charge monthly of Rs. 999 for Equity, F&O, and Currency, and Rs. 499 per Month for commodities. It charges Rs. 150 for annual account maintenance, and Rs. 300 for account opening.
The Brokerage charge is Rs. 30 per trade. Upstox PRO, Bridge for Amibroker, Developer Console, Option Chain Tool, and Upstox MF Platform are the trading platforms from Upstox which is available for desktop and Mobile apps. They became the first broker to open a 1 Lakh Demat account in a month. There is a facility of three in one account because of the partnership with IndusInd Bank. It provides services for equity, derivates, currency, mutual funds, and commodities. Upstox is a member of NSE, BSE, and MCX-SX Providing Service.
GROWW :
Groww is the fastest-growing investment platform in India to invest in stocks, US stocks, Gold, and Mutual Funds. It is the brand name for next billion Technology Pvt Ltd which is registered in SEBI and A member of NSE and BSE. It was a Banglore-based startup that was set up in 2016 to directly invest in mutual funds. After that, they started equity trading because of customer demand. It is a simple but powerful app for trading from anywhere.
In this Platform investing is as simple as online shopping. Through this, Investment and Trading are easy to understand and use. It has cutting-edge technology and an intuitive user interface. The company offers services for Demat, Mutual Funds, Trading and Intraday Services, IPO, etc. There are no account opening charges. Equity Delivery Trading and Intraday Trading charges are Rs. 20 per executed order or 0.05% of the order value whichever is lower.
That’s the details of the Best Trading Apps, now you have to choose the ideal one for your subsequent trading or investment. It depends on your needs, their features, services, and the brokerage charges. You need to watch Broker’s history, cost and expenses, guidelines, Trading tools and platforms, and most important customer support. To know more about the latest tech news you can subscribe to our website and you can check on our website to know more about useful android apps.
