Pune Investment：Best Stock Trading Apps in India for Beginners
The Indian stock market is positioned at the top when it comes to trading. The question is how to start trading? If you ask this question to anyone they will ask- Do you have a Demat account? If not, you make one. To open a Demat account you obviously need . And that is why the need for these applications is never ending until something different comes in the future.Pune Investment
Who would have thought a decade ago that we could buy/sell any share from mobile phones? Presently, there are so many trading apps that it is difficult to decide which one is most suitable. For a beginner it is tougherIndore Investment. Everyone wants to invest money either to gain profits or for a long term prospect.
So, let’s explore some great that will help you start trading as a beginner.
Stock Trading apps provide a convenient option to beginners to enter the stock market. These applications can be downloaded on mobile phones. Thus, the whole market seems like it is in your palmKolkata Investment. All the data is updated in real-time and the interface is user-friendly. Nowadays, these apps are providing educational content as well. They ensure that if a user is financially literate he can trade well.
As there is a lot of competition in the market, every app is trying to lure the customers by offering low fees and very less initial investment. Hence, these apps are ideal for every newcomer that is super-excited to enter the financial markets. Don’t be confused, because we have a list of the best stock trading apps in India just for you.
Here is a list of the best stock trading apps for beginners in India.
The most popular stock trading app has to be Zerodha. There are over 1 crore users which combined makes around 15% of the total Indian retail trading volumes. It is considered a great option for both beginners and advanced level traders. “Zerodha Kite” is an in-house product and a commendable mobile application.
The platform has some advanced features like: Sticky order window, leverage indicator, view breakdown, direct Mutual fund investment, direct IPO applications, flat 20/- intraday fee, etcAgra Stock. They also have an educational module wherein beginners can learn trading from basic to advanced level. As a beginner the only con you can see on Zerodha is their AMC of 300/-.
One app that has got some great feedback for its user-interface is Upstox. It is ideal for beginners and novice investors as it is simple, affordable and convenient. Some of its features like: Robust trading platform, option to invest in derivatives, charting tools, mobile app, direct access to IPOs, direct access to Mutual funds, etc.
Brokerage is nil but for intraday it is flat 20/-. The same fee is applicable on derivatives and options too. There will be some other charges as well depending on where you want to invest. As per research, the users seem to be a bit unhappy with their customer support. So, do check that before choosing!
Now called AngelOne is another good option for beginners. It is considered a cost-effective broker. Why? Every new opener gets 30 days intraday free. Along with free AMC for the first year. Here also you get multiple investment avenues like equity, IPO, Mutual funds, F&O etc. This platform provides an extensive report based on your choosing. In short, research and recommendations are easily available.
They have relationship managers, so customer support is not a major problem. The main issue relies on the complex structure of fees for various types of investments. Nonetheless, its features like physical branches, different platforms for different types of investment, intraday fee 0.03% or 20/- whichever is lower, covers for the shortcomings.
Do you know that Groww charges just 0.05% or 20/- whichever is lower, for all kinds of trade? Yes, it’s true. It includes intraday, equity delivery and even F&O. Moreover, the account opening fee is zero. Even the AMC is nil. So, is it the right platform? Don’t be too excited as there are some cons as well. The offerings are limited in investments. Also, they lack certain features that are present in other apps.
Despite this, for beginners it can prove to be a good option. They don’t explore all investment options at once and their knowledge is limited. So, the shortcomings might be hefty for an advanced trader but for a novice it won’t matter much.
The last but definitely not the least is 5Paisa. It is a quite popular discount broker in India. You get various investment options like Mutual Funds, IPOs, currency, stocks, derivatives and even more. The pricing model seems fair just like everybody. Brokerage starts with just 10/- and based on your trading value it might increase. All the other kinds of charges are as per the regulations.
The mobile app and website both are easy to use. Rather the mobile version is more robust. All sorts of advanced charting tools, analytics and reports are available on demand. As a beginner you struggle most with the account opening process. With 5Paisa the process is simple and convenient.
If we compare the present stock market trading experience to a decade before, we will understand how easy it is now. The credit mostly goes to the . These apps offer every possible feature that anyone can look for like- affordability, convenience, education and great interface.
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