Top 4 Best Mobile Trading Platforms in India

The Indian Share Market is currently ranked as the world’s eighth largest stock exchange in the world in terms of its gigantic size of active users and the volume of trade it generates per year. This year, the Indian stock market touched a $3-trillion magical figure to consolidate its position as one of the world’s largest stock exchanges.

As the country is gradually moving towards a post pandemic economy, the stock market is likely to boom even further.

The hassle-free trading process now allows more and more investors to safely invest their hard-earned money in various stocks and shares right from the comfort of their homes using their smartphones.

You can buy or sell any stocks and shares with the blink of an eye on the mobile trading platforms in India. The apps offer all latest updates online throughout the day or night. These trading platforms come with state-of-the-art mobile trading facilities and a smooth user-friendly interface with all necessary options and features.

Sharekhan

Sharekhan is one of the best mobile trading platforms. It was founded in 2000 and has completed over 21 years in this field. Its mobile trading app is available on Google Play Store with over a million downloads and installation.

●      Get latest stock updates and graphs for interpretation.

●      The availability of live charts, Renko, line chart, candlestick and area chart.

●      You can easily access its dashboard for necessary analysis.

●      You can also analyse necessary stats about stocks and futures in a crispy form and lucid language.

●      Subscribe to any SIP option anytime through the app.

 

Mobile trading platforms have helped many youngsters to explore various investment options relating to stocks and shares. In 2020, the stock trading apps were used by over 11-billion people based out of the US.   

Zerodha Kite

Zerodha Kite is considered as the best discount broker in India. It has plenty of users throughout India. It was downloaded over 5-million times on Google Store. Zerodha has a zero brokerage on investments, which attracts a lot of investors to use its platform. It also charges a competitive brokerage fee with a lot of benefits to users.

●      The availability of historical charts and relevant data.

●      Live streaming of necessary stock-related data.

●      You can invest in future, equity and commodities online.

●      It comes with a user-friendly interface for beginners and experts.

●      Over 100+ indicators available for further analysis.

At present, Zerodha has over 3-million active customers scattered across India. It also enjoys a 4+ star rating on Google Play Store.

5Paisa

5Paisa is one of the best discount brokers with over 5-million downloads and installations. It offers stock trading options at just Rs. 20 per orders on any trade segment that you may desire. You may not get this facility anywhere else.

●      You can invest in equity, derivatives, commodity, and currency segments.

●      Get live quotes from stocks and shares relating to MCX, BSE, and NSE.

●      Get access to plenty of insightful charts and drawings for advanced analysis.

●      Get your order executed instantly.

●      Invest in mutual funds, gold, and insurance online. 

●      Get access to intraday trading and delivery.

 

Upstox Pro

Upstox Pro is another popular discount broking option for common investors. It offers a seamless mobile trading option through which you can invest in stocks and shares of various companies at low brokerage costs and other fees.

●      You can trade on NSE Futures and Options, NSE/BSE Currency and MCX.

●      Get access to necessary charts, trading indicators and other tools.

●      Check our margin limits and trading accounts.

●      The historical market data of popular stocks and shares is available online on the app.

●      Initiate direct trade through charts.

However, Upstox Pro is slightly difficult when it comes to navigation and another drawback of this mobile trading platform is you should have iOS 11 or above to get access to all its features.

In Conclusion

The online trading activity on various apps and platforms has been a steep rise of over 48% during Jan–July 2020 as compared to 2019. Each of the mobile trading apps is also recording a constant rise in their number of users and installations.

Right now, over 85% customers of Upstox use their smartphones for day to day online trading activity. Thus, mobile trading is here to stay. In fact, it is likely to attract even more investors to start investing and trade-in various equity and derivatives using their smartphones.