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What are the Top 5 Trading Apps for 2024?
As we step into the world of trading in 2024, technology continues to play a pivotal role in shaping the landscape. The rise of trading apps has democratized investing, making it accessible to a broader audience than ever before. These apps offer convenience, real-time data, and user-friendly interfaces, enabling traders to make informed decisions on the go. Know about the top 5 trading apps for 2024 in India that are set to revolutionize the trading experience.
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What are the Top 5 Trading Apps for 2024?
Here are the finest trading applications offered by leading stock brokerage firms in India. Whether you are looking to engage in day trading or make long-term investments in shares, these online trading apps are incredibly advantageous, especially for newcomers. You can easily install these trading apps in 2024 on your Android or iOS mobile devices.
1. Kite by Zerodha
Zerodha’s Kite is a highly popular trading app used by millions of Indians for stock market trading, available on both mobile and web platforms. It offers zero brokerage for investments and charges a flat Rs. 20 fee for F&O trading.
With a 4.3 Google rating, the app boasts a clean and intuitive user interface, supported by a super-fast and lightweight backend for all investment activities.
Notably, Zerodha Kite allows users to log in securely using Face ID or biometric fingerprint, grants access to ChartIQ and TradingView charts on both mobile and web, offers multi-exit options on positions, offers push notifications for order updates and has a universal overview screen for each type of trading instrument. Thus, it stands as a comprehensive and user-friendly trading solution.
2. 5 Paisa App
The 5 Paisa app boasts an impressive user base of 7 million and is renowned as a top-notch stock market trading application, catering to both novices and experienced traders alike. This user-friendly platform offers real-time updates from NSE, BSE, and MCX markets along with sophisticated charting tools.
Also, it offers valuable learning resources and adopts a zero-brokerage policy, albeit charging a nominal Rs. 20 fee across all trading segments: F&O (future and options), Currency, Cash, and Commodities. With an impressive 4.3 rating from three hundred thousand Google Play store users, 5 Paisa also facilitates the convenient opening of a Demat account directly within the app.
Notable features encompass trading in Derivatives, Equity, Commodity, and Currency segments, real-time tracking of NSE, BSE, and MCX stock prices, enhanced intraday trading exposure, swift fund transfers, research reports, comprehensive charting tools, stock watchlists, one-click investment orders, and an in-app alert system.
A unique feature, the Robo Investment Advisor, allows for personalized portfolio construction.
Furthermore, the 5 Paisa app offers the option to invest in Mutual funds, purchase digital gold, access insurance, and avail personal loans seamlessly from within the application.
3. Upstox
Upstox stands out as a premier trading platform, designed with the mission of simplifying financial investments for all. Leveraging cutting-edge technology, this app has garnered a remarkable 4.7 rating from five hundred thousand users on the Google Play store, solidifying its position as the foremost trading and investment application.
Within Upstox, users can diversify their portfolio by investing in mutual funds, stocks, IPOs, gold, and F&O contracts. The platform boasts an array of features, including zero investment brokerage for stock trading, access to over 2000 commission-free mutual fund schemes, real-time updates on BSE, NSE, and MCX stock prices, and the opportunity to engage in intra-day and F&O trading with a minimal brokerage fee of Rs. 20 per trade.
Moreover, Upstox offers comprehensive charting tools, IPO investment opportunities at original prices, pre and post-trade analytics, and a variety of payment methods like BHIM, GPay, Smart Transfer, and Net-banking for seamless fund management.
Check out our Upstox Review 2023.
4. Edelweiss
Edelweiss App, an Indian stock market application, stands out as a highly secure platform for share market enthusiasts and investors in India. It offers a comprehensive range of features, including real-time news updates on equities, stock derivatives, and a detailed option chain, while also efficiently managing investors’ portfolios. Registration is a breeze, and the app boasts a solid 4.4 rating on Google Play.
Notably, Non-Power of Attorney (POA) account holders can now instantly sell their stocks through Edelweiss. Among its noteworthy features are easily accessible information on top gainers, losers, 52-week high and low stocks, most active stocks, and sector performance, ability for investors to set alerts on their stocks etc. Users can also stay updated on prices of key market indices like USD, Nifty, Sensex, SGX Nifty, and more.
With one-click access to Indian stock markets, trading, and a stock screener, investors can make informed decisions on the go, aided by tick-by-tick charts and historical data on Future Index and Commodity spanning up to a decade.
5. INDmoney
The INDmoney app offers a versatile investment platform that allows users to invest in a variety of financial instruments, including US Stocks, Mutual Funds, and Fixed Deposits, all without incurring any commission fees. With an impressive 4.4 rating on Google, the app serves as a comprehensive financial management tool, enabling users to monitor PFs, investments, expenses, loans, savings accounts, and EPFs, all while growing their wealth.
Investors also stand to benefit from INDmoney’s rewards program when investing in US stocks and cryptocurrencies and managing their own and their family’s financial accounts. The app is highly regarded for its 100% safety, security, and privacy.
The app offers access to over 1200 US Exchange Traded Funds (ETFs) and provides daily and weekly US market recommendations and portfolio analysis. It also offers the option to book Fixed Deposits (FDs) with attractive returns, and Indian stock investors can conveniently track their portfolios from leading brokers like Upstox, Zerodha, HDFC, and more.
Mutual Fund investors can easily import their investments from other popular apps, and those who switch their mutual funds to INDmoney can enjoy a 1.5% boost in returns. The app lets you invest in popular MNC company shares, access the best USD-INR exchange rates, and set up US stock investment accounts quickly, with zero charges.
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Conclusion
In 2024, these top 5 trading apps in India are set to empower traders with the tools and resources they need to succeed in the financial markets. Each app has its unique strengths, catering to different trading styles and preferences. Whether you are a novice investor or an experienced trader, the convenience and accessibility of these apps make them invaluable tools for your trading journey. Remember to conduct your research and choose the app that best aligns with your financial goals and trading strategy. Happy trading!
You can also check our YouTube video on 5 Best Trading Apps for Beginners 2024:
