Best Trading Platforms in India

Aside from your trading strategy, the trading platform you use to execute your trades is critical to your stock market success. Every trader, especially day traders, has to be affiliated with the best trading platform in India.

A Best Trading Platform In India is a network-based marketplace that permits users to place trades, explore financial instrument catalogs, and monitor accounts through financial organizations outside the bank dealer group.

Most trading platform India include extra services, such as premium research, real-time quotes, news feeds, or charting tools, to equip real-time availability of trading reports and frictionless negotiation between traders.

The platforms provided by some of the country’s most significant stockbrokers are among the best trading platforms in India.

Some of top stockbrokers offer podia, which are among the best trading software in India. Some are supplied for complimentary, while others need a nominal monthly subscription. Before rolling on to the best platform for trading in India, let’s look at how to choose from the various trading platforms available to traders.

How to select the best trading platform in India for investments?

When selecting a trading platform, an investor should evaluate the essential traits and the required costs. It’s crucial since different traders need distinct characteristics to make trading selections. 

When choosing the Best Trading Platform In India, fees are another vital thing to consider. Traders that employ scalping as a method of trading, for example, will look for outlets with low fees. Lower fees get always preferred in general, but there may be trade-offs to consider. For example, low costs may not be advantageous if they result in fewer features and informational research.

Some trading platforms are agnostic to which middleman or broker becomes used, while others are only available when using an intermediary or broker. As a result, investors should consider the reputation of the intermediary or broker before committing to a trading platform to execute transactions and manage their accounts.

Reviewing multiple processes such as feedback ratings and customer reviews are other ways to examine and compare different platforms; however, keep in mind that not all reviewers are free of prejudice or independent.

Types of Online Trading Platforms in India

The best online trading platforms in India can be broadly classified into three broad categories which are as follows:

Desktop:

One of the fastest and Best Trading Platform In India when compared to other platforms is a desktop trading platform. This software is installed in your Desktop/laptop before using it.

The software can usually be downloaded from the brokers’ website and can be easily installed on the system. It is best suited for traders who wish to place quick buy and sell orders and also good for the beginners.

Web:

The other type of best trading platform in India is a web based trading platform. You need not install any software for this particular type. You can use this share trading platform by logging in to the web url shared with you by your stock broker.

It can be accessed from home or even from a cyber café as per your convenience. It can be used with any internet browser. The drawback here however is that this platform is slower than the desktop software.

Mobile App:

Online trading these days cannot be imagined in the absence of a mobile trading Platforms . In India, most of the stock brokers are offering android mobile trading Platforms for quick trading transactions. The app can be installed from playstore.

Some brokers are also offering the iOS version of the apps which can be installed from Apple Store. You can login to the app using your credentials and start trading at your fingertips.

List of Top 10 Best Trading Platform in India

Best Trading Platform In India

The following is a list of the top 10 Best Trading Platform In India.

    1. Zerodha
    2. Groww
    3. Sharekhan
    4. Upstox
    5. Angel Broking
    6. 5Paisa
    7. IIFL
    8. ICICI Direct
    9. Motilal Oswal
    10. Edelweiss
Ranking Broker Best Trading Platform In India Trading Platform Rating
1 Zerodha KITE 9.84/10
2 Groww Groww 9.82/10
3 Sharekhan Trade Tiger 9.65/10
4 Upstox Upstox Pro 9.62/10
5 Angel Broking Angel SpeedPro 9.60/10
6 5Paisa Trade Station 9.58/10
7 IIFL Traders Terminal (TT) 9.56/10
8 ICICI Direct Trade Racer 9.48/10
9 Motilal Oswal MOSL Trader 9.43/10
10 Edelweiss Terminal X3 9.40/10

1. Zerodha

Rank Broker Trading Platform Trading Platform Rating
1 Zerodha KITE 9.84/10

Zerodha Pi, launched in 2015, has quickly become one of the best trading platform in India because of its unique features such as advanced charting, strategies, algo trading, back testing, and strategy export consultants. Its excellent features distinguish it as the Best Trading Platform in India.

The following are some of its distinctive characteristics:-

  • Its advanced charting feature is the one that differentiates this platform from other trading platforms.
  • Scripts for algorithmic trading get backed by the software.
  • Expert strategists are on the watch. Traders also get access to the storage of scripts penned by the trade experts.
  • Unique real-time monitoring features counted to the platform, making it the best online trading platform in India. 

Here are some of the advantages and drawbacks of this trading platform. 

Advantages

  • It is a lightweight, intuitive trading platform that offers an optimal user experience.
  • The platform is low on resources hence traders in remote areas can also access it with slow internet speed, making it the best trading platform in India.
  • Traders can access many charts, indicators, and other tools for profitable trading.
  • Option of easy fund transfer across multiple banks.

Drawbacks

  • It is not possible to place orders from the chart. 
  • Users have noticed several slight flaws in the software.
  • Back-testing trading strategies are not possible.

2. Groww

Rank Broker Trading Platform Trading Platform Rating
2 Groww Groww 9.82/10

Groww began as a direct mutual fund investment platform, with equity stock investments launched in June 2020. Offering a slew of new products and planning for new releases over the next few months in both mobile and desktop versions, Groww is one of India’s fastest-growing & Best Trading Platform In India.

Groww now provides online trading services in equity, mutual funds, and digital gold (web-only), with other products such as US stocks and fixed deposits in the research and testing stages.

The following are some of its distinctive features:-

  • Simple to comprehend Dashboard- Soon after you log in, the dashboard will show on your device’s screen. So, the first step is to log into the platforms using your username and password. That’s how easy it is! 
  • Sections for Buying and Selling- This section gets dedicated to active trading, where you can purchase and sell securities.
  • Watch lists can get customized by you- This option allows you to generate several charts based on your favorite stocks. You may keep a careful eye on these stocks and invest based on their current values.

Here are some of the pros and cons of this trading platform-

Pros

  • Easy pricing model Brokerage gets charged at ₹20 for each trade.
  • There is no charge to open an account.
  • There are no Demat AMC fees.
  • Opening a paperless account in seconds.

Cons

  • There are only a few investment options available, and there is no option to trade commodities or currencies.
  • There are no Call and Trade services available.
  • Don’t give stock recommendations, research reports, or stock advice.

3. Sharekhan

Rank Broker Trading Platform Trading Platform Rating
3 Sharekhan Trade Tiger 9.65/10

When it reaches full-service stock brokerage, Sharekhan is a well-known name. The company, founded in 2000, is of great importance to the brand, with an enormous offline presence and exceptional trading platforms.

Sharekhan Trade Tiger, Sharekhan’s trading platform, is widely regarded as the Best Trading Platform In India.

The following are some of the vital features of this Best Trading Platform In India-

  • Multiple stock exchanges on a single platform
  • Numerous Market Watch features are available
  • Considerable charts with intraday and end-of-day tick-by-tick charting
  • Unlimited graph analysis
  • Premium and span calculators are available
  • On the Input Stock Price trigger, there are user-defined alert settings. 

Here are some of the advantages and disadvantages of this trading platform.

Advantages

  • Video tutorials for better understanding are available within the tools.
  • Traders can learn about more than 30 different trading methods.
  • Allows you to raise a quick query as the platform gets integrated with Sharekhan customer support.
  • Amibroker trading bridge, API interface, stock screeners, and trading from MS Excel are just a few of the complex features included with the trading platform.

Disadvantages

  • If you wish to use Trade Tiger with other applications, you will require a system with a high-end configuration as the platform is resource hungry.

4. Upstox

Rank Broker Trading Platform Trading Platform Rating
4 Upstox Upstox Pro 9.62/10

Upstox has partnered with iDarts to provide Dartstock software to its users as a rapid, efficient, and profitable trading platform in India. The company’s web and app-based trading platforms are ultra-light trading platforms.

Here are some of the features of this trading platform include:

  • Within 15 seconds, you can set your trades.
  • It works with minimal use of bandwidth.
  • It gets backed by 256-bit encryption for the security of user data.
  • Global search across exchanges.
  • Live charting of bracket demands facility unrestricted.

Here are some of the advantages and disadvantages of this trading platform:

Advantages

  • Themes, alerts, and layouts can get easily customized as per one’s preferences.
  • It’s a highly responsive trading terminal that adapts to the system or laptop utilized.
  • Users can specify numerous watchlists at any offered time point. 

Disadvantages

  • It is slightly cumbersome to use the Upstox trading terminal.
  • The terminal has some software bugs.
  • Users cannot fund in mutual funds utilizing this trading terminal.

5. Angel Broking

Rank Broker Trading Platform Trading Platform Rating
5 Angel Broking Angel SpeedPro 9.60/10

Angel Broking is a reputable stockbroker with over three decades in the business. Angel Broking is one of the leading stock brokers in India with a safe tag, thanks to a powerful physical presence in India, technologically advanced tools, no heavy rule infractions, and decades of broking experience.

The company delivers financial products in the stock, futures and options, currencies, and commodities. Angel Broking has an online and offline presence in India.

Here are some features of this trading platform-

  • ARQ advisory, notice, and portfolio monitoring are all available to you.
  • Quotes get streamed live.
  • Several watchlists.
  • Intraday charts with 40+ technical indicators are interactive.
  • With more than 40 banks, you may send money online.
  • Investing in Mutual Funds.
  • Stocks and Markets: Real-time news and in-depth reports.

Some of the pros and cons of this trading platform- 

Pros

  • Full-service brokerage services get offered for a fraction of the cost of full-service brokerage.
  • A flat fee stockbroker charges a set fee of ₹20 per order across all sectors and exchanges.
  • Complimentary research and consultation. Expert disseminates research studies on a day, weekly, and monthly basis.
  • Availability of trading software is gratis.

Cons

  • Angel Broking does not supply a three-in-one account.
  • Broker-assisted marketings (Call & Trade) incur an extra fee of ₹20 per executed order.

6. 5Paisa

Rank Broker Trading Platform Trading Platform Rating
6 5Paisa Trade Station 9.58/10

5Paisa, a discount program sponsored by IIFL, offers the best trading terminal in India called Trader Terminal. This trading platform provides an ideal user experience. You must first download and install an an.exe file on your desktop or other PC. It’s an excellent platform for traders who want to execute trades quickly.

The following are some of the terminal’s unique features-

  • Intraday charts that last for up to 30 days.
  • Multiple watchlist facility wherein around 100 scrips can get added to each watchlist.
  • Numerous advanced orders, such as AMO and Cover Orders, are open.
  • Access to fundamental data for more than five years.
  • Information about the top 5 bids.

Here are some pros and cons of this trading platform:

Pros:

  • Users can access easy suggestions. They can get it from the terminal. 
  • You can easily invest in mutual funds and even in the insurance segment.
  • Technical studies and fundamental data are available for quick decision-making.
  • You can customize the UI as per your liking. 

Cons:

  • It’s a newly launched platform. So, there may be some stability issues. 
  • The platform does not get integrated with third-party products.
  • Unlike other web trading platforms, you must download and install the platform.

7. IIFL

Rank Broker Trading Platform Trading Platform Rating
7 IIFL Securities Traders Terminal (TT) 9.56/10

IIFL’s trade terminal or trading software gets established on IIFL’s application or software. As a user, you must first install the IIFL trader terminal on your device before you may exchange. Traders peeking for a high-speed trading terminal will find its beneficiary.

Some of the brilliant features of this trading terminal include:

  • Market data gets updated in real-time, and quotes become stream worthy in real-time.
  • The top five ask/bid with open interest quotations gets recommended for any in-depth market updates.

Here are some pros and cons of IIFL: 

Pros

  • You can interact with any customer service representative during any market hours.
  • Within the trading Platform, traders can access essential and technological reports.
  • Users can add AMO to their orders.
  • You can set up information and alerts at your convenience.
  • Daily and weekly news are available for the users. The daily information gets to known as Market Mantra, while the weekly report is called a weekly wrap. 

Cons

  • This trading terminal has got restricted to iOS users.
  • If traders want to trade in the Futures and Options segment, they must submit a formal application together with evidence of income. It will help them to activate a trading terminal.

8. ICICI Direct

Rank Broker Trading Platform Trading Platform Rating
8 ICICI Direct Trade Racer 9.48/10

ICICI trading is India’s premier and the best trading platform for beginners in India. It is a web-based trading platform suitably designed.

It provides access to data in numerous widgets on a single screen, an order window, drag-and-drop functionality, customization, and other features. It’s rich in features as a trading forum that includes live streaming and study calls.

Some of the salient features of the ICICI trading platform include:-

  • The interface is both skilled and developed. 
  • Live to the stream of market quotes.
  • Widgets can get dragged and dropped.
  • Up to five separate watch lists are possible. 

Here are some pros and cons of the ICICI trading platform:

Pros:

  • Users can add various widgets as per their requirements.
  • Widgets can get opened using a single click from the icon bar.
  • Information about gross delivery data, advanced decline ratio, and bulk and block deals representing the market behavior are smoothly available.

Cons:

  • It is not free software. Traders get instructed to spend a subscription fee of ₹75 each month.
  • It requires high bandwidth and hence takes more time to load. Thus, it is inappropriate for users with a slow internet pace.

9. Motilal Oswal

Rank Broker Trading Platform Trading Platform Rating
9 Motilal Oswal MOSL Trader 9.43/10

The company has over 10 lakh customers and is one of India’s largest stock brokers. This stock broker’s desktop trading software includes several advanced trading tools.

Some of the developed features presented by this trading platform include:

  • Superfast trade execution is up to 1 second.
  • More than 40 technological indications can get found in a single scrip
  • Risk-return charts that are interactive and picked from the best of the portfolio mixes
  • Access to more than 30,000 analysis reports for various asset categories.

Here are some of the pros and cons of this trading platform:

Pros:

  • You can create a multi-asset lookout list. It can be for various sectors such as equities, commodities, and currency. 
  • Users get access to portfolio health check and evaluation tools that have become integrated. It restructures your portfolio after comparing it to benchmark portfolios. 

Cons:

  • It is a bulky trading terminal and needs a system with a high-end configuration for using it without lag. 

10. Edelweiss

Rank Broker Trading Platform Trading Platform Rating
10 Edelweiss Terminal X3 9.40/10

Edelweiss Broking Ltd. is a full-service stockbroking firm in Mumbai, India, founded in 2008. The company is a subordinate of the Edelweiss Group, a prominent diversified financial services coalition founded in 1995.

All major asset classes, including the stock, debt, mutual funds, initial public offers (IPOs), currency derivatives, commodities, and futures and options, are open through Edelweiss’ Retail Broking trade.

Some of the platform’s distinctive characteristics include:- 

  • For customized services, a one-time OTP registration gets required.
  • From the quote details screen, you may easily choose between NSE, BSE, and NFO.
  • Quick Tour of the App 
  • 23 Technical Indicators for Charting.

Here are some advantages and disadvantages of this trading platform-

Advantages

  • A full-service brokerage firm with a low-cost brokerage account.
  • A flat fee of ₹10 per executed order across all trading segments.
  • Research, trading ideas, and recommendations are all provided as complimentary. 
  • Open a paperless online account in seconds.

Disadvantages

  • Good-Till-Cancelled (GTC) orders and bracket orders are not accessible.
  • Minimum brokerage charges are high: 3 paise per share for delivery, one paisa per share for intraday and futures.
  • Call and trade are available for an extra fee of ₹20 per call. 

The launch of online trading platforms has made it easier for traders to keep a watch on the market movement and place buy, sell, and advanced orders. Traders are able to get the high performing online trading platforms for free owing to the increased competition among the stock brokers. The best trading platforms in India are the ones that offer multiple advanced trading features along with fast trade execution.

Bonus Listing of Best Trading Platform in India

Apart from the trading platforms we’ve described above, there are other trading firms where you can freely invest in stocks. They want to provide services to investors with their trading plans and charges, as they are true to new technology and current market conditions. Here are a few bonus businesses that can assist you in trading and increasing your investments.

Fyres

The company’s strong point for promoting its services has been one of the best trading platforms in India supplied by Fyers. The screeners available to users are a component of this trading platform. It can scan for trade possibilities and provide them to you. You can also look at the PE ratio, market capitalization, and return information.

The following are some of the trading platform’s distinctive features:-

  • Gain access to global equity indices, ADRS, and currency data. 
  • By market days, users acquire an end-of-day date that can get utilized to develop trade ideas for the next trading session.
  • It has a portfolio simulation tool that permits you to create a simulated portfolio and follow its headway.

Here are some of the pros and cons of this trading platform:

Pros:

  • Simulated portfolios can get used to comprehend portfolio execution without risking any money. 
  • The intraday recovery module aids in identifying the scrips that have fallen too much in a single day or have a better likelihood of recovering. 
  • It has advanced features like heatmap, index meters, and stock screeners, making it yet another of India’s most lavish trading platforms.

Cons:

  • The trading terminal does not get supported by MAC users.
  • To avoid lagging and buffering, it requires advanced formatting. 

Wisdom Capital

Wisdom Capital, founded in 2013, is an online discount brokerage firm that trades equities, futures and options, currency, and commodities on the NSE, BSE, MCX, and NCDEX. Wisdom Capital Group offers broker-assisted transaction execution and automated online investing. They provide this service on all equities listed on the BSE and NSE. They offer free or low-cost tools such as charting and live data to help people make informed decisions and benefits.

Here are some impressive features of this trading platform- 

  • Free Account Setup.
  • Free AMC for Life At 999/- + GST.
  • Pay the least amount of brokerage in all segments.
  • Trade F&O, Currency, and commodity at a 9/- commission.
  • Invest in equity at a rate of 0.01%.
  • Use leverage following the norms of exchange. 

Some advantages and disadvantages of the wisdom capital trading platform- 

Advantages

  • You can deal with all market sectors, including NSE Cash, F&O, Currency, MCX Commodities, and a single trading terminal.
  • Everlasting monthly trading plans are available for NSE, BSE, and MCX trading.
  • Complimentary trading software is presented, including a website, mobile app, and installable trading terminals.

Disadvantages

  • IPOs, FPOs, Mutual Funds, FDs, NCDs, or Offers For Sale are not available through Wisdom Capital. 
  • Semi-automated trading is available for an additional monthly fee of ₹550 for aglo trading. 

SAS Online

SAS Online, founded in 1995, is one of the best online trading platforms in India that provides stock, futures, options, currency, and commodity brokerage services at the NSE, BSE, and MCX markets. Since 2013, SAS Online has provided discounted brokerage services. 

Some features of the SAS online- 

  • From a desktop computer, it’s simple to use.
  • The execution of trades is lightning fast.
  • Market data that gets updated in real-time.
  • Invest in stocks, derivatives, currencies, commodities, and mutual funds.
  • The ability to change the market watch.

Here are some of the advantages and disadvantages of this trading platform- 

Advantages

  • A share-based margin is available.
  • A product called Equity Plus provides margin funding.
  • Monthly unlimited trading plans are available for NSE, BSE, and MCX trading.
  • Trading software, including a website, a mobile app, and installable trading terminals, is supplied for free. 

Disadvantages

  • SAS Online does not provide a 3-in-1 account because it does not provide banking services.
  • SAS online makes investing in IPOs, FPOs, Mutual Funds, FDs, NCDs, and Offers For Sale impossible. 
  • For an extra ₹20 per executed order, Call & Trade becomes offered.

Kotak Securities

Kotak Securities, founded in 1994, is a subsidiary of Kotak Mahindra Bank and a member of the Kotak Group. The firm is a full-service stockbroker that provides various trading and investment options. It retails trading services in asset classes, including stocks, commodities, currencies, and derivatives. Customers can invest in online IPOs, Mutual Funds, Bonds, and other fixed-income instruments. 

Here are some unique features of this trading platform-

  • Trade securities on the BSE and NSE from your mobile device.
  • Real-time monitoring of your investment portfolio -Live streaming quotes and stock market data –
  • View intraday and EOD movements for any scrips on intraday charts in the form of the candlestick, line, or OHLC charts.

Some of the pros and cons of this trading platform-

Pros

  • It provides customers with a three-in-one Demat account that allows seamless fund transfers between accounts.
  • The majority of investment regions are conveniently accessible on the same platform.
  • It has an extraordinary feature for traders who has a sluggish or poor internet connection.

Cons

  • There is no support for the commodity segment.
  • In comparison to other full-service brokers, it charges a high brokerage fee.

NSE NOW

The NSE Now (Neat on Web) platform is a web trading platform developed by the NSE. It has a responsive design that adjusts to the width of the desktop, tablet, laptop, or any other system that is getting used.

It makes the list of the finest trading platforms in India because it is pushed directly by NSE. 

The following are some of the app’s key features:

  • More than 80 indicators and 15 charts are available for users.
  • Users can create a market watch and observe how the market is behaving.
  • Web notifications can get used to create alerts. 
  • High-speed trade execution with less downtime.

Here are some of the pros and cons of this trading platform

Pros:

  • The login process requires 2 step authentication making it a secure trading platform.
  • The user interface is appropriate for both novice and seasoned traders.
  • It is relatively speedy when compared to other trading platforms.

 Cons:

  • You can trade only in NSE using this trading terminal which is the biggest concern for traders.
  • The user experience is not as great as other trading terminals.
  • It necessitates a system with high formatting.
  • Some brokers charge an extra fee for using NOW. 

FAQs about Best Trading Platform In India

Ques- Which is the best trading platform in India?

Ans- The best trading platform in India for stock trading includes various trading outlets from leading stockbrokers like Zerodha, 5Paisa, Upstox, Sharekhan, etc. You can get client service, powerful trading capabilities, charts, indicators, and a superb user experience from all these trading platforms.

Ques- Is it possible to use the trading platforms for free or for a fee?

Ans- Some trading terminals have a price associated with them, while others are for free. Traders need to run a background check of every trading platform before starting.

Ques- Which one among the best trading platform in India is better for the technical analysis?

Ans- The finest online trading platforms in India that provide technical reports include Zerodha KITE, Trader Terminal, and Upstox Pro.

Ques- Which trading platform is more suitable for intraday trading?

Ans- Some of the most advantageous trading platforms for intraday trading include trading platforms from Zerodha, Upstox, IIFL, Fyers, etc.

Ques- Which are the Best Trading Platform In India for professional investors?

Ans- The following are some of the most splendid online trading platforms for professional traders in India:-

  • Upstox Pro
  • 5Paisa Trader Terminal
  • Sharekhan Trade Tiger
  • Zerodha KITE
  • ICICI Direct Trade Racer
  • Angel Broking Speed Pro

Ques- Which one of the best trading platforms is better for options trading?

Ans- The following are a few of the best trading platforms in India for options trading:- 

  • Zerodha Pi
  • Zerodha Kite
  • Upstox Pro
  • HDFC pro Terminal

Ques- What are some of the most advanced features the does Best Trading Platform In India provides?

Ans- The following are some of the advanced features available on these trading terminals:- 

  • Historical earnings, financial matrices, and other advanced search options are available. Some advanced research tools are also available.
  • Critical market information and critical market updates are available.
  • Advanced ordering tools with shortcut keys get used for speedy order placement and order trading.

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