Looking for a Best Trading Platform In India? Great! You have reached the right place; we are here to help you.
With intuitive trading platforms available in the market, the benefits of online trading can be accessed even by everyone. Also, many full-service and discount stockbrokers are offering a wide range of tools and services that give insights to traders.
The best thing about the online trading platform is that you can access them via mobile browser, mobile application, and desktop browser.
Therefore, staying updated with the latest positions of stocks and other securities becomes much easier for traders. People are also turning to the stock market as investors due to the wide range of options accessible at economical brokerage rates.
However, the leverage in margin and other aspects might differ from one platform to another. Therefore, be aware of the features that make a specific trading platform suit your trading and investment needs.
Types of Online Trading Platforms in India (2022)
As we have already discussed, trading platforms can be accessed via different methods. These are the type of online trading platforms with respect according to the interface that they can be accessed from:
1. Desktop trading platform: These days, broking firms are offering desktop trading applications that are integrated with various tools and services. For downloading this application, you need to visit the official portal of the broker. This type of trading platform is usually recommended for traders who deal with a large trade volume and for those who take trades regularly.
2. Web trading platform: A web trading platform can also come in handy because it can be accessed via any smart device. You just have to register an account on this trading platform and utilize its tools, dashboards, and related services to trade seamlessly.
3. Mobile Application: Trading with the help of mobile applications becomes convenient for those who cannot dedicate full time to trading due to work or other obligations. The brokers offer their mobile apps through their website or you can also download them via Google Play Store or App Store.
Top 10 Best Trading Platform In India With Buying Guide (Updated 2022)
Here are some of the best stock trading platforms based on brokerage, user-friendly features, and trading tools:
If you open a trading account on Zerodha, you get access to two trading platforms viz. Console and Kite.
Zerodha Kite is suitable for beginners because it comes with minimalistic features and a user-friendly trading platform.
Why Choose Zerodha?
Along with the option of adding funds via UPI, Zerodha also allows you to withdraw funds easily.
The option of viewing available margin breakdown, holdings, and positions separately makes trading a lot easier on Zerodha Kite.
Moreover, you can also add the stocks to the watchlist easily and view their daily movement in real time. Viewing charts, fundamentals, and technical aspects of various stocks is made simpler on this trading platform.
Also, free delivery for delivery trading and minimum brokerage charges make it one of the most popular trading platforms in India.
With more than 60 lakh customers, it is the most popular trading platform in India. The highest brokerage on this platform is restricted to only Rs. 20 per trade for F&O.
2. Upstox Pro
Upstox Pro can be accessed via both mobile and desktop browsers and is the second most popular broker in India.
Quick access to market data has been facilitated on this trading platform through socket technology.
The benefit of using this trading platform is that it allows you to place orders from the charts directly.
It has many more interesting features and services that make it a highly sought after trading platform in India.
Why choose Upstox Pro?
Opening an account on Upstox Pro is free as of now. It also has a highly responsive and intuitive trading platform that facilitates seamless trades across multiple securities.
The brokerage charges are capped at Rs. 20 per order for commodity, equity, currency, and F&O trading.
The brokerage charges are waived off for IPOs and mutual funds. The AMC i.e. Account Maintenance Charges are also waived off currently.
All these things along with its transparent pricing make it a pocket-friendly option for traders and investors.
3. Angel Broking Speed Pro
Angel Broking Speed Pro is one of the most trusted and secure trading platforms in India. Its services and features can be accessed via a desktop application.
The salient features of this trading platform include live market details that can be in MS Excel with a rate refresh option.
You can either go for percentage based brokerage or discount brokerage model as per your trading requirements.
Why choose Angel Broking Speed Pro?
To arrange the charts seamlessly, Angel Broking Speed Pro gives you the option of opening the same tool on two windows. It helps you to switch between the windows seamlessly.
Online transfer of funds has been made easy by supporting online transfers through over 40 banks.
Also, you can get information about your portfolio, fund management, and trade reports easily on this platform.
Backed by more than 70 studies, this online trading platform also provides intraday information of up to 30 days and EOD data of up to 20 days
4. Kotak Securities
The brokerage wing of the reputed Kotak group, Kotak Securities offers a 3-in-one account.
It means that one account is integrated with features of trading, demat, and savings accounts.
Through this account, you can trade in equities, bonds, currencies, IPOs, derivatives, and many other market segments.
Investing in mutual funds and bonds is also possible through this trading platform.
Why Choose Kotak Securities?
Kotak Securities is a full-service broker that offers dynamic and advanced brokerage plans.
The dynamic brokerage plan is suited for those who indulge in high trade volumes as the brokerage percentage gets reduced for higher volumes of trade.
In an advance brokerage plan, you need to pay an advance fee that remains valid for up to a year. The brokerage slabs applicable with this plan are pocket-friendly.
You can download the Kotak Stock Trader app and access its features via a mobile app.
If you are not online or if the internet service is not available in your area, you can call the customer support team and place an order conveniently.
If you want to invest in direct mutual funds, stocks, or IPOs, Groww is the best broker for trading for you.
It is because it offers a flat discount brokerage fee for its diverse range of services. You can access Groww via mobile or web based platforms as per your convenience.
Some of the best features of this trading platform include paperless online account opening facility, opportunity to invest in digital gold, company FDs, and US based stocks, and access to insightful ebooks and blogs.
Why choose Groww?
The brokerage fee charged by Groww is quite reasonable.
For trading in equity delivery and intraday, you only need to pay Rs. 20 for each day or 0.05% whichever is lower according to your trade volume.
A flat brokerage of Rs. 20 per trade is applicable on Futures and Options.
With the security encryption of 128-bit, it offers a safe and secure trading experience to its customers.
You must also consider the fact that it is one of the highest rated trading platforms on the App Store and Google Play Store.
6. ICICI Direct
Trade Racer is considered to be one of the most powerful trading platforms in the country.
It is also a trustable platform as it is a part of the renowned ICICI group.
You will have to install the ICICI Direct Trade Racer application on your device for accessing its features and services.
The option of customising the layout, views, and colours of the trading interface makes it a user-friendly trading platform for everyone.
Why Choose ICICI Direct Trade Racer?
Live screener, heat map, and many other innovative features are included in this trading platform.
Access to research calls and the option to stream quotes live to make it a profitable option for traders.
Sharekhan Trade Tiger is a desktop based trading platform that needs to be downloaded on your laptop or desktop.
After that, you can access some of its best charting tools and services without any interruption.
Shortcut keys can be used to place orders quickly via this platform. Advanced tools like chart book, live market scanner, etc. are offered by ShareKhan Trade Tiger.
Why choose Sharekhan?
Sharekhan is a reputed firm in trading in India. You can customise alerts and enter stock trigger rates to earn bigger profits through this trading platform.
Quick and trustable feeds including quotes offered in real time are offered by Sharekhan.
8. Motilal Oswal
With over 10 lakh active users, Motilal Oswal is proving to be the first preference of many traders in India.
It is because it allows you to analyse more than 30k research reports belonging to various asset classes.
Trade signals for buying or selling are automatically generated as per the trend spotting on this platform. If you want to access its innovative features, download its desktop application.
You can view over forty technical indicators in one scrip on this trading platform. Also, selecting the best combination of securities is possible by utilising its risk-return chart.
Trade execution happens in less than a second because of the high refresh rate offered by this platform. All these reasons make it one of the top trading platforms in India.
9. HDFC Securities
With more than 5 lakh customers, HDFC Securities is one of the most trusted trading platforms in India.
It allows you to trade in various asset classes including bonds, IPOs, mutual funds, derivatives, and equities.
You may also get insurance or invest in ETFs or fixed deposits through your HDFC Securities account.
Why choose HDFC Securities?
The brokerage model adopted by HDFC Securities is quite economical. The trading platform can be accessed via both mobile and desktop without any issues.
Personalised watchlist, customisable trading dashboard, market tips, and many other salient features make it one of the most intuitive trading platforms currently.
10. India Infoline (IIFL)
India Infoline is a full service stockbroker that offers its services for trading in derivatives, equities, IPOs, bonds, commodities, mutual funds, and various other market segments.
Its customer base is more than 2 lakh and it is quite popular in the North India states.
Why choose India Infoline?
Delivery trading brokerage is waived off by IIFL. The brokerage for intraday, equities, F&O, currencies, and commodities is Rs. 20 for each trade.
Also, it offers flexible brokerage packages and facilitates an intuitive trade terminal to its users.
How to find the best trading platform?
The best trading account will certainly depend on your trading requirements. However, you should keep a check on these things to ensure that you subscribe to one of the best brokerage account:
Charting system and tools
A flexible and customisable charting system will allow you to analyse the trends perfectly. Also, multiple tools should be available for analysing the securities and their actual worth.
Order placement process
The order placement process should be quick and seamless irrespective of whether you place a buy or sell order.
A trading platform that runs smoothly even if the internet speed is low would enable smoother transactions. Also, you would like to install an application that runs efficiently even with minimal hardware requirements.
A trading platform that offers various types of customisations when it comes to setting alerts, creating watchlists, etc. is the best option for a trader.
If a broker offers multiple interface options that can be accessed via mobile or desktop easily, it would help you trade without any hassles.
Go for the trading platform that offers the maximum widgets, services, and trading tools at the most competitive pricing. Also, understand your trading requirements before choosing a platform. Be wise and the stock market will surely pay huge dividends in your bank account!
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Frequently Asked Question
Q1. Do the trading platforms charge fees or do they offer free services?
While one or two services can be free, expecting all the services to be offered without charging anything is unreasonable.
For example, Zerodha offers free brokerage on the equity delivery segment. However, it charges a brokerage of 0.05% or Rs. 20 (whichever is less) for other securities.
Q2. Which trading is best for analysing technical aspects of the market?
Groww, Motilal Oswal, and Sharekhan are the best platforms when it comes to analysing the technical aspects of various securities and the market itself.
It is because these platforms come with detailed research reports, tools, and widgets that facilitate an easy understanding of current market scenarios and trending securities.
Q3. Which is the best trading platform for intraday trading?
Upstox Pro, Zerodha, and Angel Broking are the best stock broker for intraday trading. It is because they offer minimal brokerage rates and a wide range of analytical tools for finding the best stocks for intraday trading.
Q4. Which are the best trading terminals for professional traders in India?
Sharekhan TradeTiger, Upstox Pro, Zerodha Kite are the best trading terminals for professional traders in India.
It is because they provide user-friendly trading interfaces, intuitive dashboards, and analytical tools to facilitate seamless trading across various market segments.
Q5. Which is the best trading platform in world for trading in options?
Zerodha Kite seems to be one of the best platform for trading for trading in options because of the low cost brokerage model. Upstox Pro also seems to be quite a good alternative because of the wide range of services that facilitate seamless trading in this segment.