In today’s digital age, mobile applications have become integral to our lifestyles, including the realm of financial markets. The advent of smartphones has revolutionized trading, allowing real-time transactions on any exchange at your fingertips. This article guides beginners through the top trading apps in India, chosen for their ease of use,popularity, and outstanding reviews.
Additional Reading: Top 5 Stock Market Movies: A Cinematic Journey into Finance
Classifying Stock Trading Apps
Stock trading apps generally fall into two distinct categories:
- Stock Trading Apps: Often provided free by brokers, these apps facilitate the placement of buy and sell orders on exchanges.
- Stock Analysis Apps: These apps aid in evaluating stock health using fundamental or technical analysis. They feature charting, scanning, backtesting, and more. While some are free, others might require a subscription.
From these categories, three apps have been handpicked as ideal for beginners in the Indian market.
Leading Stock Trading Apps for Indian Beginners
Here are some of the best stock trading apps available:
Zerodha Kite
Zerodha Kite is renowned for being fast, user-friendly, and highly popular in India, a flagship product from Zerodha, India’s top discount broker.
Its modern UI and intuitive design make it stand out among its peers. The app is lightweight and enables biometric login. It consolidates functionalities like buying/selling stocks, studying charts, managing watchlists, and viewing P&L reports.
Cost: Free
Upstox Pro
Upstox Pro, from Upstox (formerly RKSV), parallels Kite in features and user experience. It offers comprehensive functionalities and an engaging user experience.
The app features advanced charting technology, allowing stock price analysis across multiple timeframes. Users can trade directly from charts using the TFC feature and set up custom watchlists and real-time price alerts.
Cost: Free
Angel Broking Trading App
Angel Broking has recently updated its app, adding numerous new features. It consolidates essential functionalities into a single, efficient app.
Unique to this app is the ‘research report’ feature, providing in-depth research and advisories on various stocks and commodities.
Cost: Free
Top Stock Analysis Apps for Beginners in India
Next, let’s explore the best stock analysis apps:
StockEdge
StockEdge leads the pack as the top stock research and analysis app in India, empowering retail investors with a range of self-research tools.
The app’s intuitive and user-friendly UI allows for in-depth chart analysis, scanning, and holistic research on stocks. It also offers access to strategies developed by professionals and mutual fund research.
Cost: Free (with in-app purchases)
TradingView
TradingView is globally recognized and equally effective for the Indian market. Known for its precision in price chart analysis and data streaming speed.
This app allows users to access thousands of indicators and even create their own using the ‘pine script’. It also serves as a social network for traders to share ideas and get feedback from peers worldwide.
Cost: Free (with in-app purchases)
MoneyControl
MoneyControl is a favorite among market enthusiasts, evolving from a news app to a comprehensive charting and analysis platform.
It offers a wide array of information, including quotes, news, global market activities, and more. An integrated Live TV feature connects users directly to CNBC TV18.
Cost: Free (with in-app purchases)
Concluding Insights
These essential stock market apps are now indispensable for today’s traders. The creators deserve appreciation for developing such useful tools. The listed apps for beginners in India are chosen based on various criteria, but this list is not exhaustive.
We welcome suggestions for any other apps that you believe should be included in this list.
