The world of investing and trading has witnessed a remarkable surge in popularity in recent years. It is mainly driven by the increasing accessibility and convenience offered by online trading platforms. With India emerging as a major player in the global financial markets, it becomes imperative for investors and traders to have access to the best trading platform that suits their needs. We have gathered every detail about the best trading platforms in India. These include their features, benefits, and the unique opportunities they present.
Users of a trading platform can execute deals on their behalf by using the latest technologies. Users can access these platforms for free or at a low cost because they function on a network. India is home to a slew of trading platforms. Additionally, these platforms provide a wide range of additional services, such as completing transactions. Investors see this as an advantage. To assist you find the finest online trading platform, we’ve put together this guide. This decision is based on several specific factors.
Types Of Trading Platforms In India
If you’re looking for a way to trade stocks without having to worry about time and distance, the best trading software in India is an obvious choice. There are three fundamental interfaces that one might use to conduct online trading. Top traders in India generally use three types of Internet trading platforms.
- Mobile-based
- Browser-based
- Desktop-based
1. Mobile-Based/Mobile App
Trading platforms that may be accessed on mobile devices are known as “smartphone trading platforms.” It has become the most popular online trading platform in India because of India’s fast use of mobile devices. The main benefits are mobility, simplicity of use, and lack of physical boundaries.
2. Web-Based/Browser-Based
Internet Explorer, Mozilla Firefox, and Google Chrome are all examples of browser-based trading platforms in India. Using this platform in situations when cell phones and computers are not available is beneficial.
For example, if you’re on the go and don’t have your laptop, you may still access your trading account using a web browser. This sort of trading platform is often thought to be slower than a desktop-based trading platform.
3. Desktop-Based
A desktop or laptop computer may run this platform when it has been downloaded and installed. In India, this is the ideal platform for traders and investors who wish to make rapid buy and sell orders. These are the best trading software in India.
In this trading platform, users may utilize shortcut keys like F1 to purchase and F2 to sell, for example, to accomplish various actions.
List Of 10 Best Trading Platforms In India (Popular In 2023)
Trading Platform |
Broker |
Unique Features Of Best Trading Platform |
Top Offers |
| The FYERS One | Fyers | Technical screeners, market news , portfolio tracker | Open Account |
| Zerodha Kite 3 | Zerodha | Free Equity & Mutual Funds, Advanced Chart, GTT | Open Account |
| The Upstox Pro | Upstox | Fast login, multiple charting tools | Open Free Account |
| NSE Now | NSE India | Oldest and secure trading platform, most accurate price view | Open Account |
| Angel Broking Speed Pro | Angel Broking | Scrip-wise buy price, day’s gain/ loss and quick reports | Open Free Account |
| Trade Eye | Wisdom capital | Highest leverage trading platform | Open Account |
| 5paisa trader terminal | 5 paisa | Quick Option Trade, Margin Plus, Lowest Funding, Smart option chain with greeks, Basket Orders | Open Free Account |
| Sharekhan Trade Tiger | Sharekhan | Lowest brokerage, free advisory | Open Account |
| Trade Racer | ICICI Direct | Instant payout within 5 mins of stock selling, All in 1 experience- Stocks, Mutual Funds, F&O, IPO, Commodity, and Trading Research ideas all at one place | Open Free Demat |
| MO TRADING | Motilal Oswal | Intuitive UI and extensive research reports for best trading insights | Open Free Demat |
1. The FYERS One
It is the best trading platform in India, allowing investors to place stock trades from the convenience of their own homes. Traders of all skill levels may utilize Fyers, which has been hailed as the greatest stock trading software in India.
Aside from its easy and beneficial features, the trading program is well-known for its quickness and great performance.
Pros
- Charting options that go beyond the basics.
- Screening tools for the stock market
- Free equity delivery trading is available.
- More than 65 technical indicators for advanced charting
- Live Scanner and Trend Scanner are integrated.
- UPI payments may be made here.
- Working on a low bandwidth
Cons
- Lack of access to market data and research reports
2. Zerodha Kite 3 – Best Trading Platform in India
Zerodha is liked among investors as the best platform for trading. An important discount broker in India, Zerodha Kite is the company’s flagship trading platform. One of the best trading platform in India, it is developed with cutting-edge technology to meet the demands of investors of all kinds. With a variety of features, including charting tools, data widgets, and third-party app connectivity, the platforms make trading simple and fast.
Pros
- Several Eyes on the Market
- Comprehensive charting includes over 100 indicators and six different chart types
- On-the-fly shopping cart
- order sorts such as a progressive order a cover with a limit entry for brackets and a cover with a trigger entry
- Quickly search over 90,000 equities and F&O contracts with a unified instrument search.
- Alerts for orders, live ticks, and quotations
- Integrate seamlessly with Quant tool to do behavioral analytics for fundamental analysis
Cons
- The ability to do a strategy back test is not available.
- Zerodha Q is the name of a separate back office.
3. The Upstox Pro
The web and mobile trading platform Upstox Pro, formerly known as RKSV securities, comes in second to the Zerodha trading platform. Other significant characteristics of this best platform for trading include socket technology, which allows for faster and more efficient access to market data.
Users can choose from among more than one hundred different technical indicators when doing their research. One-minute to one-month-long charts are available. It is possible to conduct a trade immediately from the chart when using the TFC (trade from charts) function. This feature allows you to customize your stock watchlist by adding as many price notifications as you like. All these features make this the best trading software in India.
Pros
- Feeds that are updated in real-time.
- Various indicators help to support a trader’s trading approach.
- Interactive themes provide you with a wide range of customization options.
- It is possible to have many watchlists open at the same time.
Cons
- It’s tough to use because of flaws in the software, according to customers.
- Investing in mutual funds is not recommended.
- Call and trade services do not come without a price.
- Investing in IPOs and FPOs is not encouraged.
4. NSE Now
NOW (Neat on Web) is a trading platform built by the National Stock Exchange of India, unlike other trading platforms produced by stockbrokers (NSE). It’s the best platform for trading in the country, hands down.
Investors may trade in a variety of markets, including equity, derivatives, currency, and more, using this app. NSE Now is considered the best trading software in India.
Pros
- Personalized notifications and alerts based on user preferences.
- Keep an eye out for stocks and keep an eye on the market as a whole.
- More than 15 graphs and more than 80 indications
- Funds may be sent quickly and securely to a wide range of top banks.
- Investing Constantly.
Cons
- It’s a bit of a challenge to comprehend
- Few stockbrokers charge a fee for NSE NOW usage. A well-optimized PC is required to get the most out of the program.
5. Angel Broking Speed Pro
Finding the finest online trading platform in India would be incomplete without including Speed Pro by Angel Broking in the list of possible candidates. A single-window trading experience and analytical transaction assessment tools are hallmarks of the trading platform. It is possible to monitor and track orders in real-time using Speed Pro.
Pros
- F&O, Commodity, and Currency scrip addition options are available.
- A total of five of the finest – a glance at the five most popular offers to buy and sell across BSE and NSE
- Excel may be used to open a live market with a high refresh rate.
- Constant availability of concise summaries and analyses
- Allows for a certain degree of interface customization
Cons
- There isn’t a version for the Mac.
- Software user interfaces have little room for improvement.
- To get the best out of the program, one must have a computer with a top-notch configuration.
6. Trade Eye
With Trade Eye, investors may trade across many markets from the comfort of their Android device. BSE, NSE, MCX, MCX-SX, and NCDEX exchanges have all registered the app. It is widely regarded as the best trading software in India.
Pros
- An easy-to-use mobile internet trading application
- Designed with touch functionality for Android users
- Multiple market monitors can be added.
- Keep tabs on trade and order book positions.
- Indicator tools and numerous charts are available.
- Placement of an aftermarket order with insightful charting capabilities
Cons
- smooth and quick fund transfer
- Users of iOS devices are not supported.
- An easy-to-use user interface
7. 5paisa trader terminal
You may get the 5 paisa trader terminal by.exe file from the company’s website, just like Angel broking speed pro. IIFL (India Infoline) promotes 5Paisa as a low-cost broker with a cutting-edge trading platform dubbed ‘Trading Terminal.’ For day and swing traders, desktop trading systems like the 5 paisa trade terminal provide substantial advantages over web-based trading platforms. That is the reason 5Paisa is considered as the best trading software in India. The following are some of the most important aspects of this platform:
- With 100 scripts, you can create an unlimited number of watchlists.
- Order kinds include aftermarket and cover orders, to name just a couple.
- Allows for mutual fund purchases within the same trading platform.
- Intraday charts for the past 30 days are available for use in technical analysis.
- Fundamental analysis is based on historical charts going back over five years.
Pros
- Shortcut keys allow users to personalize certain functions, making them more convenient for them to utilize.
- Even with a basic system configuration, the program performs well.
- Even with a weak internet connection, it works perfectly.
- In-depth trading decisions may be made thanks to the use of both technical and fundamental data.
Cons
- There are some concerns with stability because it is still in its infancy.
- Interrogation by a third party is not permitted.
- The process of downloading and installing the program might be cumbersome for certain people.
8. Sharekhan Trade Tiger
It is widely accepted that Sharekhan Trade Tiger is India’s top online trading platform. A desktop or laptop computer is required to use this terminal-based trading program. Traders and investors may invest in equities, commodities, currencies, and derivatives using the best platform for trading.
Pros
- Easy access to Sharekhan Research’s findings, advice, and endorsements.
- Easy online fund transfers with 14 partner banks for trading accounts.
- Real-time feeds from the NSE, BSE, MCX, etc. may be accessed directly.
- The Brokerage Calculator, the Span Calculator, the Premium Calculator, and many more may be found here.
- Orders may be placed with only a single click.
Cons:
- There isn’t a 3-in-1 account available.
- There is no Mac notebook version.
- There are no mutual funds available.
9. Trade Racer (Web-based Platform)
When it comes to live-streaming quotations and research calls for Indian investors, Trade Racer is the best platform for trading. It also has a multi-watch list capability and an integrated fund transfer mechanism. Developing it is a joy, thanks to its simple yet effective user interface. Users of this trading platform are rewarded with an unrivalled ability to identify current market opportunities while enjoying the greatest possible trading experience.
Pros
- Intuitive single-window access to all trade scripts
- Stocks that are generating huge gains or losses can be quickly identified.
- Symbol bar that can do several duties
- The appearance and feel have been modernized.
- The convenience of a custom grid arrangement
Cons
- Commodity trading services are unavailable
- Trading software is updated less often.
- Expenses are on the high side.
10. Motilal Oswal Financial services
Motilal Oswal Financial Services is the best trading platform in India. It offers a wide range of financial services. These include equity trading, derivatives, commodities, mutual funds, and more. It stands out for its comprehensive research offerings and robust trading tools.
Pros:
- Extensive research reports and analysis tools to assist traders in making informed investment decisions.
- User-friendly interface with customizable dashboards for a personalized trading experience.
- Multiple investment options are available, including stocks, derivatives, commodities, mutual funds, and more.
- Strong customer support services
- Seamless integration with mobile devices
Cons:
- Limited availability of international market trading options.
- The account opening process may require physical documentation and can be time-consuming.
- Some advanced trading features may be lacking compared to competitors.
- Occasionally, users have reported technical glitches and delays in order execution.
- Higher brokerage charges compared to some other platforms in the market.
Conclusion
In the ever-evolving landscape of online stockbroking, where competitive pricing and advanced trading platforms are reshaping the industry, it’s crucial to choose the best trading platform in India. With comprehensive knowledge about the top trading platforms available, you can make an informed decision that aligns with your trading requirements.
Technical analysis plays a vital role for both day traders and swing traders, making it essential to select the best trading software in India that offers robust charting capabilities. A fast and efficient platform with minimal delays is crucial for successful trading, as timing is of utmost importance in the market.
While web-based platforms are convenient, opting for a desktop trading platform can provide faster access to real-time market data. The ability to stay updated with the latest market trends can significantly impact your trading decisions.
Now armed with the knowledge of the best trading platform in India, you are ready to go on your trading journey and seize the abundant opportunities that await you in the dynamic Indian market. Choose wisely, and may your chosen platform be the gateway to your trading success.
Frequently Asked Questions-
Qu1. Which trading platform in India is the best?
Ans. FYERS One is the best platform for trading in India at the moment. FYERS One’s goods and services are always evolving to meet the needs of traders, and the company is committed to doing so. Additionally, FYERS Ones claims a comprehensive offering of trading goods and related services in addition to its affordable brokerage rates.
Qu2. Where can you get the greatest research, advice, and stock tip services in the industry?
Ans. India Infoline (IIFL), an abbreviation for India Infoline, is largely regarded as the top advice and tip service by merchants The accuracy of the company’s stock predictions in the past serves to bolster this claim.
Qu3. Is there a full-service stockbroker in India that is rated the finest in the country?
Ans. Angel Broking is the top full-service stockbroker in the country, according to industry experts. Among all the tradable items, Angel Broking provides the most economical brokerage services. As the best trading platform in India, Angel Broking provides a pleasant trading experience for its customers.
Qu4. What factors make a stock broking firm become the best trading software in India?
Ans. Only a handful of the best trading platform in India can provide consumers with the best possible trading and stock consulting services. With other features and good customer service, a top stockbroker should have cheap commissions as well as the best trading platform to trade.