Top 10 Stock Broking Companies Mobile, Trading App
Best Companies to open D Mat Account
Mobile trading app: To trade in the stock market you will need a D-Mat account. D-mat accounts can be maintained with stock broking companies in India. There are several companies in India which are providing this facility along with trading apps. We have compiled the top 10 companies and best mobile trading apps for opening a D-Mat account and trading in shares in this article.
What is a Stock Broking Firm?
A company which provides a regulated platform with the ability to buy and sell equities to investors is called a stockbroking firm. These firms are controlled and regulated by the Securities Exchange Commission, also known as the SEC.
Open Free UpStox Demat account/ Trading Account
Open Free Sharekhan Demat Account / Trading Account
Do the stock broking companies charge any fee for trading stocks?
Yes, Customers are required to pay a pre-decided fee to trade stocks. Almost all the companies are charging the same for their customers and there is not much difference in fees.
How is a stockbroking firm better than another?
There are some key points which make a company unique and attract customers. One of such features is a mobile trading app. Mobile trading apps have reduced usage of desktop-based platforms for trading of stocks. The trading applications help the companies to keep up with stock market developments,
Features of mobile trading app may include –
Typically, a mobile trading app included push notifications, research reports, chart analysis, flawless high-speed trading, technical and fundamental equity reports, etc.
How to choose a mobile trading app?
Customers can decide to choose a mobile trading app based on below mentioned points-
- Mobile Phone Compatibility: Choose a mobile trading app suitable for the Android or iOS version you are using.
- Trading app Downloads: First have a look at remarks and reviews. See the downloads of mobile trading apps on Apple Software Store or Google Play Store.
- Process of opening and closing account D-mat account: To create an account with the app or to close an unused account, choose a stock market app for Android which supports seamless processes. However, top stock market applications for iOS and Android will make both procedures very simple.
- Fees and charges: Fees such as Account Maintenance Charges (AMC) and transaction fees may be associated with utilizing the stock apps for iOS or Android. Watch out for this using an android stock market app.
- Verify features: Variety of functions are available to users of an android stock trading app. Choose an app according to your need to achieve your financial goals.
Documents Required to Open a Trading Account on mobile trading App
Essential documents list is given below –
- Photo ID proof: PAN card / Voter’s ID / Passport / Driving license / Aadhaar card.
- Address proof: Landline bill / Electricity bill / Bank statement / Ration card/ Passport / Voter’s ID
- Registered lease or sale agreement / Driving license.
Top 10 Best Stock Market Broking Apps in India (mobile trading app)
Based on the features and points discussed above we have compiled a list of top 10 best stock market broking apps.
1. ICICI Direct –
ICICI Direct enables you to trade in stocks, commodities, currencies, invest in IPOs and more. ICICIdirect is an app that makes intraday trading and share market transactions simple. Also, users may open Demat accounts using this cross-platform tool, which enables you to immediately begin trading on the NSE Nifty and BSE Sensex.
ICICI direct mobile trading app Features:
- Trade in stocks, commodities, currencies,
- Invest in IPOs
- Live P&L Monitoring with Biometric Login
- Trading in forex and commodities Integrated OI graphs
- Open Demat account
Pros:
- Interface that is engaging and user-friendly
- Sophisticated technical charts
- Information and data in real time
- Instantaneous trading
- Individualised watch list
Cons:
- Some users reported that customer service is not up to the mark.
2. Upstox
Formerly known as RKSV Securities, Upstox Pro App, with a simple user interface, offers a variety of trading alternatives. The app is supported by well-known figures like Mr. Ratan Tata. You can see Detailed charts, trade equities, mutual funds, digital gold, and much more.
Simple user interface and overall positive rating on both iOS and Android, the app has reached more than 1 crore app downloads. This indicates the efforts of the development team and shows how well-liked the application is.
Click Here to open Upstox Demat account for free
Upstox mobile trading app Features:
- Detailed charts to guide your financial decisions.
- Trade equities, mutual funds, digital gold and commodities.
- Quick and simple user interface to stock purchases and sales.
- Open Demat account.
- Create a preferred stocks list.
Upstox Pros:
- Investing right away.
- Simple-to-read charts
- Deep Analysis
- Order types include limit, after-market.
- Easy to use.
Cons:
- Web version.
3. Zerodha
Zerodha is called the first bargain broker in India. With an intuitive stock market tool Zerodha has become India’s top mobile trading platform. Users can filter and shortlist the companies for possible purchases. Zerodha puts technology first and offers significant savings. Customers do not have to pay any brokerage costs for holding assets for more than a day.
Zerodha mobile trading app Features:
- Advanced order placement options include After Market Order (AMO), brackets and covers.
- Provides market news and developments that affect the value of stocks.
- Easy to use mobile app.
- Only the most useful and pertinent information is displayed on the app.
Pros:
- 10 regional languages are usable.
- App swiftly conducts transactions and offers superior insights in charts.
- Extensive charts to see the state of the market.
- Data-rich charts and analytics make it easier to assess performance and make better decisions.
- Place a cap on your orders.
Cons:
- No mutual fund trading.
- No price notifications.
4. Edelweiss Mobile Trader App
Edelweiss Mobile trading app provides technical charts, enables you to create a personalized watchlist, apply IPOs, real-time streaming stock prices, and much more. This mobile trader app has more than 10 lakh downloads. Edelweiss trading app keeps traders and investors fully informed of market developments. The trading app offers recent NSE and BSE statuses.
Edelweiss Mobile Trader App Features: (mobile trading app)
- Create a personalized watchlist to follow 100 stocks.
- Sketching tools with more than 80 technical indicators.
- Different technical charting.
- Conventional plans and direct investments in mutual funds.
- Dedicated IPO section.
- Reports, including transactions and P&L statements.
- Research suggestions, including derivatives, stock, and money.
Pros:
- Free stock suggestions, analysis, and recommendations.
- Investing in IPOs online
- Facilities with high leverage in the cash, F&O, and CDS categories.
- PMS and relationship managers
Cons:
- Little expensive
5. IIFL Markets
IIFL Market Trading App is a simple to use app which allows you to trade in a variety of products. The users have access to a wide variety of functions. It offers a variety of alternatives, including BSE, MCX, and NCDEX. Users can also view the real-time pricing for commodities, stocks, and several currency sectors. Offers suggestions for the top 500 stocks in a variety of industries, business sectors, and domains.
IIFL Market mobile trading app Features:
- Several ways to assist users like phone calls, intelligent chatbots, WhatsApp, etc.
- Trade in commodities, F&O, currencies, inequalities.
- Free analysis of the top 500 BSE/NSE-listed firms.
- Data and insights of futures and options.
- Price alerts and notifications.
- Create up to three watchlists of 50 stocks.
Pros:
- Simple user interface.
- Tools for technical analysis and stock trading.
- Keep up with the most recent occurrences and information on active markets.
- User centric data and analytics.
Cons:
- No direct mutual funds available.
- Expensive brokerage fees in comparison to other brokers.
6. Angel Broking
The company offers minimal brokerage costs and ready-made portfolios. Angel broking app offers fantastic time-saving tools. The app offers a great user interface, ready-made portfolios, and much more. One of the oldest broking firms, Angel Brokerage has been in the broking business for more than 30 years. Angel Broking App has drastically reduced the fees.
Angel Broking mobile trading app features:
- Free transfer of money.
- Analyse the industry with the aid of professional research
- Assist in constructing a portfolio
- Favours investing in small amounts
- Daily charts, news, and real-time updates.
- Also offers insurance services.
Pros:
- No brokerage on the delivery of equities.
- Excellent handling of the portfolio.
- Create a low-cost portfolio
Cons:
- Trade on call fee is 20 Rupee per order.
7. Groww App
Groww is one of India’s top-rated online trading applications. It allows you to start a trading account for nothing. Groww App supports a range of commerce and provides gold, fixed deposits, and many financial products in addition to traditional stock market trading. The finest share market app in India charges no commission fees associated with using the service. The commission is invested in direct mutual funds, which do not pay commissions to brokers. Commission-free Systematic Investment Plans (SIP) can be opened.
Groww mobile trading App Features:
- Invest in gold, fixed deposits, local and US equities, mutual funds, and F&Os.
- Built in mutual fund calculator.
- Suggestions for stocks, mutual funds, and other assets according to category.
- Easy technical charts, indicators.
- Commission-free support for supplementary SIPs.
Pros:
- Real time stock prices.
- No fees for starting or maintaining a trading account.
- Easy to understand technical charts and indicators.
Cons:
- No advanced order types available.
8. Sharekhan mobile trading app
With cutting-edge market analysis charts, Sharekhan mobile trading app is downloaded by over 20 lakh customers in India.
The relationship managers help beginners with insightful information. The Sharekhan mobile trading app offers all the top trading features, including charts, analytical tools, watchlists, etc.
Sharekhan mobile trading app Features:
- Technical Charts.
- Relationship Managers to aid, support, and direction.
- Research reports.
- Advanced filtering and searching.
- Excellent analytics tools
Pros:
- Monitoring the performance of stock is easier.
- Tools for graphing and analysis.
- Options for quick and simple money transfers.
- Fixed deposits are accepted as collateral for trading in F&O.
Cons:
- High trading commissions
9. Axis Direct App
With outstanding user interface and technical and analytical features, Axis Direct, offers a comprehensive range of financial products and services to retail consumers. Axis Direct has more than 300,000 active clients. App enables a user to trade in stock, currency trading, IPOs, and the NSE, BSE, MSEI, and MCX-SX.
Axis Direct mobile trading app Features:
- Voice instructions.
- News updates.
- Analytical and technical features.
- Stock, mutual fund, commodity, and currency investment, among other things.
- Invest in IPOs.
Pros:
- Examine assets and portfolios and monitor their performance.
- Technical or fundamental analysis.
- Deep research reports.
Cons:
- The commodity section is not supported.
- High Rs. 900 account opening fees
10. FYERS Market
FYERS has devoted its attention and resources to develop a top mobile trading app in India. With the help of FYER stock trading app, users may trade stocks without any limitations.
FYER mobile trading app features:
- Quick and dependable quotes, charting, and trade execution that is.
- Market analysis with 60 technical indicators.
- 9 months historical intraday charts.
Pros:
- Data going back more than 20 years
- Options calculator
- Free advanced charts.
- Recent news availability.
Cons:
- No mutual fund trading.
Related Articles –
- National Stock Exchange of India (NSE), Stocks listed on Nifty
- Bombay Stock Exchange (BSE), Stocks listed on Sensex
- Stock Market: 6 things you Must know before market opens
- SBI Share Price & Analysis NSE and Sensex
- How ASM Framework restricted 20 stocks including Adani Wilmar to get more investors?
Read Category-wise posts
Banking | Bank Account | Bank Deposit Schemes | Loans | Bank Cards | Credit Cards | Debit Cards | Search IFSC & MCLR Code | Insurance | Bank Jobs and Exams | Stock Market | GST | EMI Calculator
