Top 5 best stock trading apps preferred by experts
Several stock trading apps are available for both Android and iOS devices. These apps function on the concept of mobile trading. Mobile trading is the concept of stock trading when done through a mobile phone. The trading apps normally have a great user interface so that it's easy for users to use the app.
Advantages of using mobile trading apps:
You can place trades at your convenience anywhere and anytime as long as you have a functional internet connection.
You'll be able to view the stock market in real-time without having to log into your computer for the same.
You can enable alerts for specific trades that will get activated at periodic intervals.
You will have access to both historical charts and understand research reports.
There are a lot of apps that provide support to users. This support can be self-help documents and technical support that the apps support team provides to its users.
Trading apps in India:
There are a variety of trading apps in India. Some of them are as follows:
Sharekhan and many others.
Factors to consider before choosing a trading app:
There are several factors that you need to be aware of before you finalize on a trading app. Here are some of them listed out below:
The app must be reliable and should have proper support systems in place to help resolve your queries and doubts.
It must provide different features and advancements so that it can be compared with world-class apps as well.
The user interface must be user-friendly. This will enable a lot of people to use the app without any issues.
Real-time trading is an important feature that a lot of apps are based on. This will ensure superfast trading speeds in terms of placing trades.
Trading apps and their specifications:
On this app, you can trade stocks, mutual funds, and digital gold among other items. Here are the specifications listed out below:
The app provides a simple user interface while also being backed by personalities like Mr. Ratan Tata.
The top features of the app are:
The app provides you with charts that will help you decide better.
The app ensures that the process of buying and selling stocks can be done in a fast and easy manner.
You can set reminders about your favorite stocks and get alerts whenever the price of that stock is low.
The app has more than 1 crore downloads from the Android play store.
The app is rated 4.4 on a 5-point scale on the play store and it is rated 4.2 on a 5-point scale on the App Store.
The price factor of the app is as follows:
There is Rs. 0 commission when you trade with stocks, mutual funds, and digital gold.
You can expect 0.05% till Ram 20 for different types of orders.
2. Zerodha Kite
Zerodha Kite is a trading app that serves almost 5 million customers across India. It offers you a wide variety of stocks that you can trade with while also providing you with a great user experience. Here are the specifications listed out below:
The top features of the app are listed below:
There are a lot of chart types so that you can make an informed decision based on the market conditions.
It constantly provides you with updates and possible situations that can affect the market conditions.
The User Interface is simple and user-friendly.
It supports up to 10 regional languages and allows you to place limits on orders.
There are more than 50 lakh downloads on the Android play store.
The app has a 4.2 out of a 5point scale on the play store while the app has a 3.3 out of a 5-point scale on the App Store.
Groww is known for the variety of tradable items it has on its app. The app has several features and some of them are listed below:
You can invest in both domestic stocks and US Stocks. Other investments you can make are gold, Fixed deposits, mutual funds, and many more.
There are several resources available so that you can learn.
There are a lot of charts that will help you make informed decisions.
There are no account opening or maintenance charges on the app.
The Android app has been downloaded by more than 1 crore people. The app has been rated a 4.3 out of a 5-point scale on the play store while the app has been rated a 4.5 out of a 5-point scale on the app Store.
4. Angel Broking
Angel Broking is now called Angel One where you can perform online broking, portfolio management, and also keep a track of the market on a real-time basis. Angel One is available as an app via Angel One App. You can visit the Angel One Trade website for trading, and Angel SpeedPro is a .exe file that you can download onto your system. Some of the features of the app are listed out below:
You can trade in equity cash and derivatives. The app also allows you to trade in currency derivatives and commodities at MCX and NCDEX.
The app also provides you an option to invest in mutual funds and bonds.
To help users make informed decisions, the app provides stock charts and news.
The app notifies you whenever you set alerts for trades that you are interested in.
The app has more than 1 crore downloads from the Play Store. The users have given it a rating of 4 out of a 5-point scale.
Sharekhan is considered the 8th largest stock broker firm in India. This firm has over 6 Lakh customers. The firm provides services that enable its users to indulge in online trading and also allows users to research other financial products as well. Here are the features of the app:
The app allows users to trade in equity cash and derivatives. It also allows you to trade in currency derivatives and commodities at MCX and NCDEX.
It provides you with live reports, market news, information, and alerts based on your preferences. All of these enable you to make an informed decision with your trades.
The app also provides you with an order book so that you can track orders easily.
The app has been downloaded by over 50 Lakh people and it has a rating of 3.3 out on a 5-point scale.
If you are looking for an all-in-one trading solution, you can consider using Zerodha Kite. However, if your priority is instant investing in several funds, you can consider using the Upstox Pro app. Both the apps have great user interfaces and provide support when required.
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