Top 8 Best Trading Apps In India (September 2023)

The driving force behind Groww’s success is its no-frills, straightforward approach to investing that strips away the complexity and jargon, making it accessible to all – whether you’re a novice dipping your toes into the investment world or a seasoned investor looking for a seamless trading experience.

Beyond just a trading app, Groww has positioned itself as an all-encompassing financial platform. Its wide array of investment options ranges from direct mutual funds and stocks to digital gold and US stocks. Therefore, whether you are looking for a safe, low-risk investment or a high-risk, high-return one, Groww has got you covered.

What sets Groww apart from its competitors is its dedication to customer satisfaction. Their 24/7 customer support ensures that all your doubts and concerns are addressed in a timely manner.

Further, its educational content, including blogs and videos, empowers users to make informed decisions. In a nutshell, Groww embodies a commitment to simplifying investment and promoting financial literacy, which is reflected in every facet of its operations.

Unique Features

+ User-friendly Interface: Navigating through the Groww app is a breeze, thanks to its intuitive design. The clean, clutter-free layout makes it easy for users to find the information they need.
+ Investment Options: With Groww, you can invest in mutual funds, stocks, digital gold, and even US stocks, all from a single platform.
+ Paperless Account Opening: The entire process of account opening is online, ensuring a smooth and hassle-free experience.
+ Educational Content: Groww’s blog and video tutorials provide valuable insights on various investment topics, helping users make informed decisions.

Top 5 Benefits

+ Accessibility: With Groww, investing is just a few taps away, making it easier for individuals to start their investment journey.
+ Variety of Investment Options: From mutual funds to US stocks, Groww offers a wide range of investment options.
+ Customer Support: The app provides round-the-clock customer support to address any user queries or concerns.
+ Financial Literacy: Through its educational content, Groww promotes financial literacy among its users.
+ Transparency: The app provides clear information about all charges, ensuring transparency in transactions.

Pros and Cons

Pros:
Easy to use interface
Wide array of investment options
Excellent customer support

Cons:
Limited technical analysis tools
Does not offer commodity trading

Account Opening Charges: Groww offers free account opening. However, a demat account annual maintenance charge of INR 25/month is applicable.

Backed by renowned investors such as Tiger Global and Ratan Tata, Upstox is an application that marries technology and financial expertise to bring you a top-notch trading experience.

Upstox, known for its technologically advanced trading platforms and competitive pricing, has captured the attention of both the young, tech-savvy generation and experienced traders. The company prides itself on its state-of-the-art platforms that provide real-time market data, in-depth analytical tools, and advanced charting features.

What sets Upstox apart in the crowded trading market is its commitment to making trading affordable. It has a transparent pricing model with zero brokerage on delivery trading and nominal charges for intraday and F&O trading. Furthermore, its educational resources and customer support ensure that you’re not just trading, but learning and growing your wealth over time.

Unique Features

+ Advanced Trading Platforms: Upstox Pro Web and Upstox Pro Mobile, the two advanced platforms offered by Upstox, come equipped with powerful features like advanced charting, API integration, and Algo trading.
+ Affordable Pricing: Upstox offers free equity delivery trades and charges a maximum of INR 20 per trade for intraday and F&O trades.
+ Mutual Fund Investment: Through the Upstox Mutual Fund platform, you can invest in various mutual funds from different asset management companies.
+ Robust Security: Upstox employs top-notch security measures to ensure the safety of your data and investments.

Top 5 Benefits

+ Cost-Efficiency: Upstox offers one of the most competitive brokerage rates in the market.
+ Technology: Upstox’s advanced platforms offer a range of features to enhance your trading experience.
+ Variety of Products: With Upstox, you can trade in equities, commodities, currencies, and invest in mutual funds.
+ Customer Service: Upstox provides excellent customer service to cater to the queries and concerns of its users.
+ Education: Upstox offers a range of educational resources to help users understand trading better.

Pros and Cons

Pros:
Affordable brokerage charges
High-tech trading platforms
Wide range of products

Cons:
No facility to invest in IPOs directly from the app
Charges for using advanced features

Account Opening Charges: Upstox charges a one-time fee of INR 249 for opening a demat and trading account.

With its core value proposition of making investments simple, affordable, and transparent, Paytm Money has swiftly expanded its user base to millions.

As a part of one of India’s largest digital ecosystems, Paytm Money leverages its technology prowess to provide a seamless and intuitive trading platform. Whether you want to invest in equities, mutual funds, or ETFs, Paytm Money offers a variety of financial products to cater to the diverse needs of investors.

One of the standout features of Paytm Money is its low-cost model. It offers free account opening, zero maintenance charges, and low brokerage fees, making investing affordable for the masses. Besides, the educational material provided by Paytm Money helps inculcate a strong investment mindset among its users, thereby aiding in smart decision-making.

Unique Features

+ User-Friendly Interface: Paytm Money offers a clean, user-friendly interface that simplifies the trading experience.
+ Low-Cost Model: The app allows free account opening, no maintenance charges, and offers one of the lowest brokerage fees in the market.
+ SIP Investment: You can start your Systematic Investment Plan (SIP) in just a few clicks with Paytm Money.
+ Research Reports: Paytm Money provides free research reports to its users to help them make informed investment decisions.

Top 5 Benefits

+ Accessibility: Paytm Money’s easy-to-use platform makes trading accessible to all.
+ Affordability: Its low-cost model ensures that investing doesn’t burn a hole in your pocket.
+ Range of Products: It offers a wide range of products including equities, mutual funds, and ETFs.
+ Educational Content: Paytm Money provides resources to educate users about different aspects of investing.
+ Security: High-grade security measures are employed to keep your data and investments secure.

Pros and Cons

Pros:
Easy to use
Affordable trading
Wide range of investment options

Cons:
Limited advanced features
Customer service could be improved

Account Opening Charges: Paytm Money offers free account opening for its users. However, a nominal charge is levied for the annual maintenance of the account.

Launched in 2020, Espresso positions itself not just as a trading platform but as a “trading philosophy,” encouraging traders to make informed and conscious investment decisions.

Espresso’s commitment to transparency and customer empowerment shines through in its ‘Pay When You Profit’ model. Under this model, investors are charged brokerage only on the days they make a net profit. On the days they don’t, trading is absolutely free. This approach sets Espresso apart from the competition, making it a preferred choice for cost-conscious investors.

The seamless interface, high-speed order execution, and extensive research resources make Espresso a strong contender in the online trading space. Whether you’re a day trader needing up-to-the-minute updates or a long-term investor looking for in-depth analysis, Espresso has the tools and resources to support your trading journey.

Unique Features

+ Pay When You Profit: Espresso follows a unique pricing model where you pay a brokerage fee only on days when you make a net profit.
+ Advanced Tools: Espresso provides a range of advanced tools for technical analysis, helping you make informed trading decisions.
+ Speedy Order Execution: With Espresso’s robust infrastructure, you can expect quick and seamless order execution.
+ Extensive Research Resources: Espresso offers comprehensive research reports and market analysis to its users.

Top 5 Benefits

+ Affordable Trading: The unique ‘Pay When You Profit’ model makes trading affordable for everyone.
+ User-Friendly Interface: Espresso’s interface is clean, intuitive, and easy to navigate.
+ Quick Order Execution: The platform’s infrastructure ensures speedy order execution.
+ Diverse Trading Options: From equities and derivatives to mutual funds, Espresso provides a range of trading options.
+ Robust Research: Comprehensive research reports and market analysis help investors make informed decisions.

Pros and Cons

Pros:
Unique pricing model
Advanced trading tools
Comprehensive research resources

Cons:
Newly launched platform, still working out some kinks
Doesn’t offer direct mutual fund investments

Account Opening Charges: Espresso charges a one-time fee of INR 200 for opening a demat and trading account.

With more than two decades of experience in the trading domain, Kotak Securities brings to the table a blend of industry knowledge, technological prowess, and robust customer support.

Kotak Securities’ mobile trading app is a comprehensive solution for all your trading needs. From equities and derivatives to IPOs and mutual funds, the platform offers a wide range of financial instruments to invest in. Its user-friendly interface, advanced analytical tools, and real-time market updates provide traders with a seamless and efficient trading experience.

What differentiates Kotak Securities from the competition is its commitment to investor education. Its Knowledge Bank and Tutorials sections are filled with resources that cater to both new and seasoned investors. Furthermore, its robust customer support ensures that all your trading queries and concerns are addressed promptly.

Unique Features

+ Wide Range of Investment Options: Kotak Securities provides access to a diverse range of financial instruments, including equities, derivatives, mutual funds, IPOs, and more.
+ Advanced Trading Tools: The app comes with numerous analytical tools, live market data, and customizable watchlists to enhance your trading experience.
+ Knowledge Bank: Kotak Securities provides educational content to help users understand the intricacies of trading.
+ AutoInvest – SIP in Stock: The app offers a unique feature where you can invest systematically in stocks, just like mutual funds.

Top 5 Benefits

+ Investment Choices: From equities to IPOs, Kotak Securities provides a wide array of investment options.
+ Educational Resources: Kotak Securities places a strong emphasis on investor education through its Knowledge Bank.
+ Customer Support: It offers robust customer support to address any queries or concerns.
+ Ease of Use: The user-friendly interface of the app makes trading a breeze.
+ AutoInvest Feature: The unique AutoInvest feature allows systematic investments in stocks.

Pros and Cons

Pros:
Diverse range of financial products
Excellent customer service
In-depth educational resources

Cons:
Higher brokerage charges compared to discount brokers
The interface might seem a bit cluttered for beginners

Account Opening Charges: Kotak Securities charges a one-time fee of INR 750 for opening a demat and trading account.

Motilal Oswal, a name synonymous with trust and reliability in India’s financial landscape, brings over three decades of experience and knowledge to this platform, offering users an unparalleled trading experience.

mStock’s philosophy revolves around its tagline – Think Equity, Think Motilal Oswal. This ideology is manifested in its exhaustive range of equity investment options and in-depth research reports that empower investors to make informed decisions.

What makes mStock stand out from its competitors is its unique blend of technology and human touch. While its app offers a seamless trading experience with real-time market updates and advanced analysis tools, its dedicated customer support team ensures that all your queries are addressed promptly.

Unique Features

+ Wide Array of Investment Options: mStock provides a broad range of financial instruments to invest in, including equities, commodities, currencies, and mutual funds.
+ Robo Advisory: The app comes equipped with Robo advisory for personalized portfolio recommendations.
+ In-Depth Research: mStock provides exhaustive research reports, giving investors a comprehensive view of the market trends.
+ Integrated News Section: Stay updated with the latest market news and trends with mStock’s integrated news section.

Top 5 Benefits

+ Investment Options: mStock provides a wide range of investment options to cater to the varied needs of its users.
+ Research and Advisory: mStock offers detailed research reports and personalized portfolio recommendations.
+ User-Friendly Interface: The app’s interface is intuitive and easy to navigate, ensuring a smooth trading experience.
+ Market Updates: Stay updated with real-time market data and news updates.
+ Customer Support: mStock’s dedicated customer support team is always on hand to address your queries.

Pros and Cons

Pros:
Wide range of investment options
In-depth research and advisory services
Reliable customer support

Cons:
The account opening process could be more streamlined
Brokerage charges are on the higher side compared to discount brokers

Account Opening Charges: mStock charges a one-time fee of INR 400 for opening a demat and trading account.

Launched in 2019, Stoxkart is relatively new to the market but has quickly gained recognition for its user-friendly interface, competitive pricing, and efficient customer service.

The Stoxkart mobile app offers a seamless trading experience with real-time data, detailed analysis, and instant trade execution. Whether you are a beginner or an experienced trader, Stoxkart provides you with all the tools and resources you need to navigate the stock market effectively.

Stoxkart stands out from the crowd with its unique ‘Only Profit, No Brokerage’ model. Under this model, Stoxkart charges a flat fee per trade only when you make a profit. If your trade doesn’t make a profit, you pay no brokerage. This innovative approach to pricing makes Stoxkart an attractive option for cost-conscious traders.

Unique Features

+ Only Profit, No Brokerage: Stoxkart follows a unique pricing model where you pay brokerage only when you make a profit.
+ Advanced Trading Tools: The app provides a host of advanced tools for in-depth market analysis.
+ Quick Order Execution: Stoxkart’s robust platform ensures speedy and accurate order execution.
+ Educational Resources: Stoxkart provides a wealth of educational content to help users understand the market better.

Top 5 Benefits

+ Affordable Trading: The unique ‘Only Profit, No Brokerage’ model makes trading cost-effective.
+ User-Friendly Interface: Stoxkart’s interface is clean, intuitive, and easy to navigate.
+ Quick Order Execution: The platform’s robust infrastructure ensures quick order execution.
+ Educational Resources: Stoxkart provides comprehensive educational resources to enhance users’ trading knowledge.
+ Customer Service: It offers reliable customer service to address any queries or concerns.

Pros and Cons

Pros:
Unique pricing model
User-friendly interface
Comprehensive educational resources

Cons:
Doesn’t offer direct mutual fund investments
The mobile app could use some improvements

Account Opening Charges: Stoxkart charges a one-time fee of INR 300 for opening a demat and trading account.

Far beyond just a trading application, Dhan emerges as a comprehensive financial ecosystem. It boasts an array of investment choices, from stocks and derivatives to insightful research tools for long-term investors. So, whether you’re dipping into short-term trades or exploring long-hold avenues, Dhan is your reliable ally.

What catapults Dhan ahead in the race is its unwavering commitment to revolutionize the traditional investment process. Their customer support, available 24/7, ensures users never feel left in the lurch.

Moreover, the platform’s dedication to educating its users stands out. With rich content and actionable insights, Dhan encourages users to be well-informed decision-makers. In essence, Dhan encapsulates the essence of futuristic, technology-led trading and investment.

Unique Features

+ Intuitive User Experience: Navigating Dhan is smooth sailing, given its user-centric design. The well-organized layout ensures everything you need is just a click away.
+ Investment Avenues: From stocks to research-driven tools, Dhan offers varied avenues for every investor’s appetite.
+ Paperless Onboarding: Say goodbye to tedious paperwork. Dhan ensures a seamless online account opening process.
+ Knowledge Hub: With articles, blogs, and tutorials, Dhan’s content arena is designed to keep you ahead in the investment game.

Top 5 Benefits

+ Swift Trading: With Dhan, the stock market is right at your fingertips, streamlining your trading activities.
+ Diverse Investment Choices: Catering to both super traders and long-term investors, the platform’s range is commendable.
+ Always Available Support: Have a query? Dhan’s customer support is always ready to assist.
+ Empowerment Through Education: Dhan believes in empowering its users with knowledge, reflected in their rich content offerings.
+ Clear-cut Pricing: With industry-standard prices and no hidden charges, Dhan champions transparency.

Pros:
User-centric design for ease of use
Broad spectrum of investment tools
Unmatched customer assistance

Cons:
Comparatively new platform.

Account Opening Charges: Kickstart your investment journey with Dhan’s free account opening.