Trading over the years has evolved to become one of the most sought careers for the youth. With the advancement in technology over time, now nobody needs to step outside their homes to trade over goods and services. There are certain apps that serve our purpose. This article is dedicated to the topic, “The Best App For Trading In India”. Read the full piece below to know more. But before that, let us understand what trading really means.
What Is Trading?
Trading in simple terms is the process of buying and selling goods between two individuals or organizations. The best example of trading is buying any shares of an organization and then selling them when the value goes higher and earning a profit through it. But why mobile trading? How does mobile trading have an advantage over conventional trading practices?
Well, to put it simply, mobile trading has quite a lot of benefits over traditional trading. Mobile trading is the trading of stocks and shares through mobile applications. The most notable advantage of mobile trading is that both the buyer and the seller can perform trading from the comfort of their home, with just a few clicks. Apart from that, the best app for trading does not charge any brokerage money or any charges for opening and maintaining online trading accounts, thus, a lot of our money is being saved.
Benefits Of Mobile Trading
Some of the key features that make a mobile trading app the best app for trading are:
- No account creating and account maintenance money
- Daily and regular updates about markets and economies
- They also provide market research reports which are studied by concerned experts and are published in the respective apps.
Now that we have learned the basics of mobile trading, let us now shift our focus to some of the best mobile trading apps in India.
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List Of The Best App For Trading In India
While it becomes important to understand the basics of trading and stock marketing before plunging into the sea of investment, it is equally important to choose the right mobile apps for trading. We must be very cautious and should check online properly about the app as there are many fake practices prevalent whose only motive is to fake their customers. Make sure to check and cross-check before deciding on any app, otherwise, it might cost you your hard-earned income.
1. Zerodha
Zerodha is being recognized as one of the best apps for trading in India. Zerodha offers some key benefits over other trading apps. It has over 10 various language settings, thus, making it easier for the non-English speaking population to access it. It also has an in-built system for advanced order options, such as Brackets and Covers. It also shows clean and user-friendly charts to view and analyze the market conditions. There is one big disadvantage of the Zerodha app. Options for investment in mutual funds are not supported.
Charges: No brokerage charges
Rs. 20 per intraday trading.
2. Upstox
Upstox, backed by the eminent personality and the inspiration of the youth, Ratan Tata. Upstox is considered the best beginner-friendly mobile trading app in India. It is a one-stop trading app, which offers trading in various fields such as mutual funds, stocks, gold, etc. Upstox offers advanced trading options such as bracket orders, with instant trading.
Charges: No extra charges for stocks and mutual funds trading
Rs. 20 for every intraday trading.
3. Groww
Groww online trading app also offers trading in stocks, mutual funds, FDs, and more. It has gained popularity as one of the best and most user-friendly mobile trading apps. It also shows charts every day about the market conditions and the economic scenario. An individual user can withdraw up to 90℅ of the invested money per day. Groww does not charge any extra money for account building or account maintenance. On the contrary, advanced trading options are not available.
Charges: Rs. 20 as brokerage money on each trade brokerage.
4. HDFC Securities
HDFC Securities is the best app for trading in digital gold. Along with trading in its own country, it is also recognized as the best trading app for investing in global stock markets. Additionally, it offers regular news and updates about current market trends and conditions. Intraday charts are also available for clients. It is one of the best-secured apps for online trading because it offers a fingerprint login.
Charges: Rs. 25 for equity trading.
5. IIFL Markets
IIFL Markets also allows its clients to trade in different fields, such as equities and stocks. It also provides regular updates to its customers about the current economic scenario, along with the market conditions. It also shows recent market research reports without asking for any extra charges.
Charges: No charges in equity trading
Rs. 20 per intraday trading, currencies, etc.
Conclusion
While trading through mobile was recognized years ago, it only gained momentum in recent years. But, before stepping into the trading world, research properly about the best app for trading in India. You must also have ample knowledge about the day-to-day market scenario. If you are a beginner, starting your career in trading, ask for help from an expert or look for trading apps that offer expert guidelines.
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