Simple Share Trading Apps To Start Online Trading
With the rising popularity of online trading, there has been a growing demand for different trading applications. The app is becoming an essential tool for traders to keep track of all their trades and analyze performance in real-time.
Today, more than half of retail investors use apps to get better market access, run analyses on companies, and manage their portfolios.
These apps have made trading accessible to everyone, not just the tech-savvy or rich. To help you start your trading journey as smoothly as possible, we’ve gathered 5 of the best free online trading apps to get you started! But first, let us understand: what is mobile trading?
What is mobile trading?
Mobile trading is using a mobile device, such as a smartphone or tablet, to trade on the market. Traders can keep an eye on the price of a stock or commodity and other data from wherever they are. Mobile trading is the buying and selling of stocks, bonds, cryptocurrencies, and other investments. The Securities and Exchange Board of India (SEBI) approved mobile phone trading in 2010.
The advantages of mobile trading are that it is easy and doesn’t need much setup. It’s easier to carry around than a desktop computer or laptop. And because most smartphones have internet access built into them, you don’t need an extra wireless connection to get online. This makes it very accessible for anyone interested in trading. Mobile traders also have access to real-time data. They can see how the price is moving and acting.
Top 5 Share Trading Apps for Beginners
Here are the top Share Trading Apps in India to start online trading with:
Zerodha Kite
Zerodha Kite is one of the most popular mobile share trading apps by Zerodha. It is on iOS and Android and is one of the country’s finest trading apps for the volume of trade activity.
It’s simple to use and straightforward. There are no cluttered components to navigate or comprehend. Users may search for and investigate simple or complicated stocks using this tool. They may also use real-time charts to apply over 100 technical indicators. Users can also create a personal watchlist consisting of all-time data.
Trade Price: ₹20/trade.
5 Paisa
Five paisa discount brokers own the app. 5 paisa is a smart, functional share.
The trading app is popular with investors and traders. It provides a variety of items, including stocks, mutual funds, commodities, and currency. The app includes all the features an investor or trader desires. Also providing research and advisory, 5 paisa also offers it.
It has a guest login function and an easy Demat opening function for beginners. It provides real-time updates and quotes from the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), and it has an auto-investing feature. You can invest for free through the app in the top mutual funds.
Trade Price: ₹20/trade.
Upstox Pro Trading App
Upstox is one of India’s finest stockbrokers and a popular mobile share trading app. Upstox Securities was once called RKSV Securities and was headquartered in Mumbai, India’s economic capital. It has a web version as well. Upstox has a complicated share market app occupied by unique features to attract more people.
The Upstox Pro Trading share market app has brokers charged with all trading activities and delivery trades. Users can find simple and complex stocks via a universal search tool. There are over 100 technical indicators that may apply to real-time charts. TFC enables users to trade from charts. It provides historical data for the last 10 years. One cannot verify the links between bank account details.
Trade Price: ₹20/trade.
Groww
There are no hidden charges or complicated menus when you use the Groww app. It is a great choice for beginners because of its simple interface. The app-based platform allows investors to make free direct investments in mutual funds. Since it began as the most basic of apps, it is a time and location-independent stock market app. It is, without a doubt, the finest trading app in India.
This app lets you invest in stocks and other financial tools like digital gold assets, fixed deposits, and mutual funds. You can also track your portfolio’s performance, analyze company news, and make investment decisions. The best part is that you can invest in UPI with a single click.
Trade Price: ₹20/trade or 0.05% (whichever is lower).
Angel Broking Online
Angel Broking’s Angel Speed Pro, a share market app by Angel Broking, provides an easy trading experience with a one-window trading space. Angel Broking is a veteran campaigner with over 30 years of presence, one of the first to enter India.
It offers investors insurance, mutual funds, brokerage, and other financial products & services. It also gives stock prices in a snap and provides instant market information. It provides real-time index information and lets you view several indices. You can get intraday chart news.
Trade Charges: ₹20/trade
Conclusion
You never know what you’ll find lurking inside an app when you install it. This article highlights the five best trading apps in India. While there are many more out there, these are our picks for the best available.
These apps are perfect for beginners starting to dip their toes into investing. Their features are straightforward, and the charges are also explained in the article. So you can make a choice.
If you need help with finances, you can always take the help of a financial expert like Piramal Finance. They will suggest what’s best for you and help take care of your loan requirements, if any.