Which is the best app to trade & invest in Stock Market?

There are many stock market investment and trading apps available, but which one is the best option for you is the question. We bring to you five of the trending stock market apps in 2020.

by ninja007 Updated: 05 Mar, 2021, 14:21 IST
179 42261

We bring to you five of the trending stock market apps in 2020. In this short review, you can choose the best one as per your trading & investment needs.

1) Kite by Zerodha

Get your Zerodha Account online

Zerodha

Zerodha’s mobile app is called ‘Kite’. It comes with a clean & intuitive UI and super fast & super light back-end so that your trade calls run at the speed of light. Zerodha’s brokerage charges are ₹0 for investments and flat ₹20 for F&O trading. The app has different categories for stocks for easy access such as banking, real estate, metals, education, etc.

Kite by Zerodha App features
  • You can use fingerprint or face ID(iOS app) for seamless logins and better security.
  • High quality charts from popular charting companies such as TradingView and ChartIQ.
  • You can keep a watch on Nifty 50 & Sensex simultaneously for stocks, commodities, ETFs, contracts, F&O, and more.
  • You can buy or sell, view charts & market depth, and all other analysis all at one place, just by clicking on your preferred stock. 
  • Fundamental analysis of stocks gets you information in categories such as overview, events, small cases, and news.
  • You can set alerts for your favorite stocks. For example, you want to buy Infosys at 700 so you set an alert for it. When Infosys touches 700, you will get a notification which will help you buy Infosys at your desired price immediately.
  • Easy to use Technical Analysis function. The summary page tells you exactly about the nature of your stock with the help of indicators and time-frames. This helps you in analysing a stock for short or medium or long term.
  • StockReports+ gives you the entire fundamental information of the company, but you need to shell out Rs 150/month or 1440/year for this info as it is a paid feature.

    Zerodha Pros
    • 12L+ active clients as of 2019.
    • Good Till Triggered (GTT) feature: When your set price condition is met, your order is placed and executed, provided you have funds in your account.
    • Client complaints are around 0.03% while the stock market industry’s count on an average is 0.18%.
    • Free equity delivery.
    Zerodha Cons
    • Zerodha’s Intraday margin is around 3X-10X, delivery margin is nearly nil, commodity margin is 2X of balance, and F&O margin is 3X-4X. Therefore, you get less margins comparatively.
    • The app does not function well during peak traffic. For example, during options expiry date, many users come at the same time to place their orders, but due to the heavy traffic some users face delay in order placement.

    You can save on your demat account charges via Zerodha coupons & deals.

    2) Upstox Pro

    Upstox was launched in 2011. It is the first company which got unlimited trading plans at a fixed price. Moreover, it contributed more than 1% of traded turnover at the NSE in 2014. Upstox is backed by leading investors namely Tiger Global, Ratan Tata, and GVK Davix.

    upstox pro

    Get your Upstox Account online

    Upstox Pro is Upstock’s stock trading app. The app’s motive is to provide trading and analysis of the Indian stock market in real-time. It is known for its smart charting tools and live market data accuracy.

    Upstox Pro App Features
    • Universal search tool to find simple and complex stocks.
    • Access to NSE cash, Futures and Options, and Currency scrips.
    • Charts of multiple intervals, types and drawing styles are available.
    • Provision to apply 100+ technical indicators on real-time charts.
    • Trade directly from charts with the Trade From Charts (TFC) feature.
    • Set unlimited number of price alerts for instant updates.
    • Create an unlimited number of customized watchlists.
    • Access to predefined watchlist of Nifty 50 and other indices.
    • Interconnected trading softwares enables you to trade on both mobile and web using the same account.
    Upstox Pros
    • Zero brokerage on delivery trading and ₹20 per transaction on Intraday and F&O trades.
    • Upto 20X margin in NSE/BSE cash for Intraday trading.
    • Upstox offers thousands of Mutual Funds to invest in. Customers can choose Lumpsum or SIP pattern of investing.
    Upstox Cons
    • Good Till Cancelled (GTC) orders are not supported in equity trading.
    • In Upstox basic plan, though brokerage is free, customers need to pay the demat transaction charges.

    Save on your demat account charges with Upstox coupons & deals.

    3) Sharekhan

    Sharekhan has been in the financial markets industry for 20 years now. It is a subsidiary of BNP Paribas (French international banking group). Statistics say that Sharekhan has nearly 20L customers, 2.4K business partners, and 153 branches in 541 Indian locations as of 2020. That is the reason why Sharekhan is considered as the biggest broker in India.

    Sharekhan

    Get your Sharekhan Account online

    The Sharekhan mobile app has many features and tools for the traders as well as the investors. You can trade in the equity & derivatives market in NSE & BSE on the go with the app. You can also invest in mutual funds and SIPs with dedicated guidance via the app. The best part about this app for traders is that they can make smart trading decisions while investors can monitor their investments with ease.

    Sharekhan App Features
    • Trade Smart Software with live charts, tracker ball, and advanced chart studies.
    • Track stocks, futures, and options market via In-depth market stats.
    • Place all types of trading orders namely Normal order, sell against margin (SAM), big trade, big trade plus, and bracket orders (BO).
    • Get access to portfolio, watchlist, mutual funds, market watch, reports, IPO, indices, market stats, share market news etc.
    • Create, pause, and modify your SIPs anytime you want directly from the app.
    • You can place orders to purchase or redeem mutual funds based on NAV, just like stocks.
    • Automate investments in SIP and Lumpsum mode by setting up auto-pay and enjoy one-click investments.
    • You get access to NEO(Sharekhan’s goal-based investment tool) to simplify your investment plans. 
    • You can create watchlists of your favourite stocks, mutual funds, futures, options and currency.
    • You get the latest quotes of stocks, mutual funds, derivatives and currencies from BSE, NSE & MCX. Moreover, you get the latest prices of Sensex, NIFTY and international markets.
    • Free online stock market courses via Sharekhan Classroom (its online learning portal).
    Sharekhan Pros
    • Multiple platforms and services are available for trading and investments.
    • Multiple brokerage slabs to suit every individual trader.
    • Free online stock market training.
    • Sharekhan allows fixed deposit as collateral for future and option trading.
    Sharekhan Cons
    • Sharekhan does not allow 3 in 1 account due to no banking services.
    • Percentage based brokerage might be more expensive for some traders than flat brokerage.

    Save on your trading account charges via Sharekhan deals & coupons.

    4) MO Trader & Investor by Motilal Oswal

    Motilal Oswal has been serving in the financial industry since the last 30 years. It is known for reliable advice across Equity, Derivatives, Commodity, Currency and Mutual Funds. Currently, it owns around 10L+ customers with depository assets worth 69,561+ CR in 2200+ Indian locations.

    Get your Motilal Oswal Account online

    Motilal Oswal has got 2 different apps for traders and investors each. The trading app is known as MO Trader and the investment app is called MO Investor. These apps are loaded with multiple features. The user experience is decent in terms of UI/UX. You can access various stock market research material in the app.

    MO Trader App Features
    • Get a single view of your orders, positions and limits with the ‘My Wallet’ feature.
    • Live updates on NSE & BSE.
    • Create and view 4 multi-asset watchlists with just one tap. 
    • Add up to 50 scrips in a single watchlist.
    • Bulk order functionality to execute multiple orders in just one click.
    • View multiple types of charts with intervals ranging from 1 minute to 5 years.
    • Access to 9+ technical indicators and 20+ screeners.
    • Latest news on stocks, derivatives, currencies and commodities.
    • Forex market trading.
    • Trend detector and  Risk assessment & management feature to help you in buying and selling stocks.
    • Research coverage across 225+ companies & 20+ sectors.
    MO Investor App Features
    • Can be used for gold purchase(MMTC & PAMP security), mutual fund, and currency markets.
    • Track mutual fund holdings, ongoing SIP's, and maturing SIP's.
    • Fund Scanner which helps in selecting the best investment schemes.
    • Portfolio Restructuring Tool helps to improve your portfolio health with personalized insights & recommendations.

    Motilal Oswal Pros

    • 30+ years of experience.
    • You can invest in various segments: Equity, Derivatives, IPO, Mutual Funds, Insurance and Fixed Deposit.
    • 60+ banks available for fund transfer.
    • Research advisory services.
    • Free market analysis software.
    Motilal Oswal Cons
    • Real-time data faces delay sometimes.
    • Brokerage charges are slightly higher compared to discount brokers.
    • It doesn’t offer 3 in 1 account.

    5) SCALPERT by Finvasia

    Finvasia is India's first fintech envisioned and technology driven commission-free financial ecosystem. It advises clients on investments in fourteen countries, ranging from Australia to Brazil. It acts as a one-stop shop for Foreign Portfolio Investors (FPI) who seeks to make investments in the Indian markets.

    Finvasia

    Get your Finvasia Account online

    The Finvasia app aids in investing in the capital markets. They have no brokerage, no per trade fees, no advance charges, no hidden/other charges on your transactions. Therefore, your commission will always be nil for lifetime. In addition there are no Clearing charges when trading on NSE.

    SCALPERT by Finvasia App Features
    • Real time charts and indicators.
    • View your trading positions net and day wise.
    • 40+ Technical Indicators.
    • Online fund transfer from 30+ banks.
    • Trade in stocks, futures, options, currency and commodities.
    • Historical data with multiple time period options.
    • Real time update on your portfolio, positions and PnL.
    • Choose from order types such as regular, stop limit, market limit, top, cover, bracket order, and more.
    Finvasia Pros
    • Zero brokerage on all segments.
    • Free call and trade feature.
    • First-time access to Blitz Trader (Finvasia’s algo trading software) for retail customers is available.
    • No hidden charges.
    Finvasia Cons
    • Less experienced than its peers.
    • Don’t have scanners in technical analysis tools.
    6) Angel Broking

    Angel Broking recorded the highest number of active clients on NSE in 2018. The company managed Rs 113.02 billion in client assets and over 1.11 million active broking accounts in 2018. It offers everything in equity, commodities, loans against shares, currency, equity derivatives, investor education, research services, and investment advisory.

    Anget Broking

    Get your Angel Broking Account online

    The Angel Broking app provides personalised advisory that offers suggestions to maintain a better portfolio. The app notifies you immediately of any strong market news so that you can act accordingly.

    Angel Broking app features
    • Intraday charts with indicators.
    • Online payment through 40+ banks.
    • Create multiple watchlists across all the segments.
    • In-depth reports of National and global markets.
    • Market Trends to help you keep track of every movement. 
    • Mutual funds investment is possible directly from the app. Alongwith, you get
    • profile-based mutual funds advisory for fee.
    • Funds summary reports and marking payout for your holdings.
    • Track your portfolio for equity and mutual funds with 1-click.
    • Advisory calls and detailed research reports.
    • Fundamental ratios and last five corporate actions for stocks to make you decision ready.
    • Best in class charts to get detailed insights on stocks.
    • 30+ technical indicators and overlays to help you analyse every aspect of your stocks.
    • ARQ-based portfolio health check utility to improve your equity and mutual fund portfolio performance. ARQ is Angel Broking’s AI enabled market analysis tool.
    • You can choose from multiple rebalancing frequencies to improve your portfolio.
    • Personalised notifications for trades and ideas. Also, you receive daily news to keep you up-to-date on the markets.
    • Personalised notifications on basket maturity which is a very rare feature.

    Angel Broking Pros
    • Free equity delivery trading.
    • Flat ₹20 brokerage for Intraday and F&O trades.
    • Free research and advisory. Comprehensive daily, weekly and specialized research reports from Expert.
    • 30+ years of industry experience.
    Angel Broking Cons
    • You need to have a different account for different segments.
    • Call & Trade is charged at Rs 20 per executed order.

      Save on your trading account charges via Angel Broking deals & coupons.

      7) 5Paisa

      5Paisa is among the leading stock broking companies in India. It has over 7 lakh active clients, 40k crore daily turnover, and 1k crore custodial assets. Moreover, with 500 crore+ market capitalization, 5Paisa is the only publicly listed company in the discount broking arena.

      5paisa trading app

      5Paisa App Features

      5M+ app downloads.

      Stock Market learning videos for beginners and experts.

      Equity, Derivatives, Commodity and Currency markets trading.

      Smart subscription plans for intraday & delivery trading which will give you trading insights.

      NSE, BSE, and MCX live tracking.

      Advanced technical analysis charting tools.

      One click order placement gives you speedy trading so that you don’t miss on your desired price.

      Buy & Sell smartly with resources like Smart Investor, Swing Trader, Sensibull, Smallcases, and Screeners.

      Robo Investor Advisor tool generates customized portfolios automatically based on your trading patterns so that you can make an informed decision before final call.

      256-bit SSL encryption for your trading data security.

      5Paisa Pros

      Flat 20 Rs charged for all types of orders. No other charges.

      Backed up by IIFL.

      Superfast trading on 5Paisa app.

      Good referral rewards.

      5Paisa Cons

      3-in-1 account service unavailable.

      Maintenance cost and call & trade charge is a bit high.

      Open Free 5Paisa Demat Account


      Zerodha v Upstox v Sharekhan v Motilal Oswal v Finvasia v Angel Broking

      Zerodha

      Upstox

      Sharekhan

      Motilal Oswal

      Finvasia

      Angel Broking

      Demat Account Opening Charges

      Rs 200 (for trades on Equity, F&O and Currency)

      Rs 249 (400 credit), Rs 499 (1000 credit), Rs 999 (2500 credit)

      Rs 0 or Free

      Rs 600-1000(You get discount coupons worth Rs 3000 + Me-Gold worth Rs 1000)

      Rs 0 or Free

      Rs 0 or Free

      AMC Charges

      Rs 300 + GST (charged quarterly)

      Rs 300 + GST

      1st year free. After that Rs 400

      Zero AMC for lifetime

      Zero AMC for lifetime

      Rs 699

      Brokerage Fees

      Zero Brokerage (Delivery), 0.03% or Rs 20 (Intraday & Futures), Flat Rs 20 (Options)

      Zero Brokerage (Delivery), 0.01% or Rs 20 (Intraday and F&O)

      0.50% or 10 paise (Delivery), 0.10%(Intraday and F&O), 2.5%(Options)

      0.5%(Delivery), 0.05%(Intraday & Futures), Rs 80 for both sides(Options)

      Equity Options(0.05%) & Currency Options(0.04%), Rest all segments (zero brokerage)

      Zero Brokerage (Delivery),

      Flat Rs 20 on Intraday, F&O, Currency, and Commodity



      Some of our Dimer’s interesting discussions related to Stock Market:

      179 Comments  |  
      118 Dimers
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      Dastro wrote:

      I am using/used Zerodha and Upstox

      I didn’t like upstox user interface.

      Zerodha is good.
      Zerodha is good for investor and for little trading.

      I tried scalping and in net brokerage is more than my losses(in total loss 50% is due to brokerages). I realized recently when I saw my PnL statement from April to Till date.
      I have paid so much brokerage in this period that it is more than 10% of my total porfolio.

      Thinking to go with Finvasia for trading.

      Is anyone using Finvasia?
      @bikidas2060 @malikcool @guest_999 @BubbleBoyChickenLittle

      Demat accounts are either in Zerodha or Upstox.
      As i don’t trade daily, I don’t feel any difference.
      As far as Trading is concerned, it should be done with that broker only whose servers don’t hang and customer service is top notch.

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      Dastro wrote:

      I am using/used Zerodha and Upstox

      I didn’t like upstox user interface.

      Zerodha is good.
      Zerodha is good for investor and for little trading.

      I tried scalping and in net brokerage is more than my losses(in total loss 50% is due to brokerages). I realized recently when I saw my PnL statement from April to Till date.
      I have paid so much brokerage in this period that it is more than 10% of my total porfolio.

      Thinking to go with Finvasia for trading.

      Is anyone using Finvasia?
      @bikidas2060 @malikcool @guest_999 @BubbleBoyChickenLittle

      Never tried scalping but as @bikidas2060 mentioned, try finvasia for a few weeks/months.

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      malikcool wrote:

      No Bhai. I am not using finvasia. @bikidas2060 Bhai You were talking about finvasia in past. If you are using it. Kindly help @Dastro bhai.

      I am not using Finvasia either. NEST, brokerage free model sounds compelling though

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      Iam using zerodha.Both kite and coin for stocks and mutual funds.its been good with nominal brokerage.only direct mfs can be bought though.
      Heard that upstox and groww are good as well.
      It doesnt matter as long as you are a small time investor like me with heavy focus on direct mutual funds.Experts says that zerodha lacks quite a few features that others have..
      First timer wont find a difference.
      My personal word of advice is to be very careful and do a complete homeworking before investing in foreign markets,as there are many things that one has to be sure about else you would end up losing money.

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      Lets make a whatsapp group for trading, investing and dmat discussion, suggestion and queries…..
      I am dealing in stock market since 2007….

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      So I guess Upstox is the cheapest. (In terms of Brokerage and AMC, account opening fees was is okay)

      Also consider DP charges for Equity delivery(Both zerodha and upstox charges it, dont know about others)

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      happydealss wrote:

      So I guess Upstox is the cheapest. (In terms of Brokerage and AMC, account opening fees was is okay)

      Also consider DP charges for Equity delivery(Both zerodha and upstox charges it, dont know about others)

      You can ignore DP charges for equity delivery because compared to your typical profit or loss in delivery trading, DP charges are nothing.

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      what about trade jini

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      Admin
      kartik-xxx wrote:

      How about 5paisa?

      Yes.. It’s also a good option. Thanks for your feedback. Added in the content.

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      I have 3 best trading accounts(zerodha,5paisa,Alice blue) but all of them have problems while using the apps some or other time zerodha is even worst at volatile time it won’t take orders at least I faced this issue in zerodha 5times

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      Overall best discount broker is only one, which have good & simple mobile app. desktop application and web trade.
      Regardless of the trade size now pay a flat fee of Rs 9 per executed order whenever you trade across equity, commodity or currency segment. For Equity cash enjoy benefit of having to pay 0.01% or Rs 9 whichever is lower for intraday and 0.1% or Rs 9 whichever is lower for delivery.
      What are the account opening charges and AMC for demat account ?
      Kindly note that one time Trading + Demat Account opening charges are Rs. 400/- (inclusive of taxes) only (which includes NSE/BSE Equity, F&O, Currency Derivatives and NSDL Demat account)
      One time Account Opening charges for Commodity segment is Rs. 200/- (inclusive of taxes) only.
      Annual Maintenance charges are Rs. 200 + Goods and Service Tax for Demat Account.
      No AMC for Trading Account and Commodity Account.

      for more information DM me.

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      Do give reviews of Finvasia if anyone is using?

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      Upstox is good until now using since last year, no charges yet.
      App/website never face any issue. Using on two phones at the same time, no issue.
      Free on delivery and 20+tax charges on selling. Never used intraday.

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      ninja007 wrote:

      Yes.. It’s also a good option. Thanks for your feedback. Added in the content.

      SAS online gives very competitive packages. 9rs/trade and 999/m unlimited brokerage plan is enticing @enapster bhai thanks for the suggestion
      Kotak Securities give unlimited intraday brokerage for 999/anum (Odin Diet is excluded)

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      ninja007 wrote:

      Yes.. It’s also a good option. Thanks for your feedback. Added in the content.

      Bhai Share khan does not have trade smart software. it has trade tiger platform, which is a legend.
      Tradesmart is another discount broker.

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      yes i am using..
      tell me what you want to know?

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      @bikidas2060 bro, based on our experience – stockedge website is good ? or any other websites you refer for fundamental analysis, or any other websites which will help us in identifying good stocks and analysis them to enter.

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      indianboy wrote:

      @bikidas2060 bro, based on our experience – stockedge website is good ? or any other websites you refer for fundamental analysis, or any other websites which will help us in identifying good stocks and analysis them to enter.

      Moneycontrol is the best. Stockedge is good because it shows figures in chart format. Bhai for fundamental analysis I scourge the internet 😂😂😂
      Hmm. Bhai to be safe try to choose top 3 companies in terms of market capitalisation. Check their products. Go through their websites.

      Bhai Bhai, fundamental analysis ll tell you, which stocks are good. Technical analysis ll tell you, when to enter. 🙂🙂🙂

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      bikidas2060 wrote:

      Moneycontrol is the best. Stockedge is good because it shows figures in chart format. Bhai for fundamental analysis I scourge the internet 😂😂😂
      Hmm. Bhai to be safe try to choose top 3 companies in terms of market capitalisation. Check their products. Go through their websites.

      Bhai Bhai, fundamental analysis ll tell you, which stocks are good. Technical analysis ll tell you, when to enter. 🙂🙂🙂

      everyone enters in top 3 or 10 stocks. need to search hidden stocks like which are fundamentally good and by seeing technical we can enter toungueout

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      indianboy wrote:

      everyone enters in top 3 or 10 stocks. need to search hidden stocks like which are fundamentally good and by seeing technical we can enter toungueout

      Bhai I thought you are new in the field. To find hidden gems you need to search around.
      I found Garware Technical fibres from Tradingview’s market movers’ list.
      I found Ingersoll Rand by randomly browsing sector lists in stockedge.
      I found endurance technology, because it was written on my Pulsar’s nitrous canister. 🙂🙂🙂
      One important thing. tickertape lists brands and its competitors in a beautiful manner. You gotta follow a lot of websites. I ll compile a list n post here. 🙂🙂🙂

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      bikidas2060 wrote:

      Bhai I thought you are new in the field. To find hidden gems you need to search around.
      I found Garware Technical fibres from Tradingview’s market movers’ list.
      I found Ingersoll Rand by randomly browsing sector lists in stockedge.
      I found endurance technology, because it was written on my Pulsar’s nitrous canister. 🙂🙂🙂
      One important thing. tickertape lists brands and its competitors in a beautiful manner. You gotta follow a lot of websites. I ll compile a list n post here. 🙂🙂🙂

      thanks bro.

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      Is finvasia good for those who do long term investments as it has 0 AMC?

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      maddydilip wrote:

      Is finvasia good for those who do long term investments as it has 0 AMC?

      Yes bhai, badhiya broker hai. Using it since long now. AMC ke ilawa brokerage bhi zero hai. Toh chahe long term kro ya short term dono ke liye acha option hai.

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      Great article btw, been using Zerodha for an year no issues so far.

      #Offtopic – I’ve some Bitcoin, does anyone can know how to sell it. The wallet I’m using is Binance.

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      I’ve been using Zerodha for sometime now and find it suitable for my investing needs.

      replyuser