Trading apps have become more and more common in the recent years. Everyone prefers trading through a mobile application rather than the traditional methods. Let’s look at some of the safest trading apps available currently in the market.
Zerodha Kite Mobile Trading App
Upstox pro Mobile Trading App
Angel Broking Mobile Trading App
Motilal Oswal Trader App
5Paisa Mobile Trading App
India Infoline (IIFL) Markets Trading app
Binance: Bitcoin Marketplace & Crypto Wallet
Coinbase Mobile Trading App
WazirX Mobile Trading App
Trading View
Bitfinex Mobile Trading App
Kraken Mobile Trading App
FAQ
Zerodha Kite Mobile Trading App
Zerodha Kite is one of the best trading apps in India. It has a rating of 9.85 in the trading app segment. Zerodha was the first discount broker of India. Currently, it is the number 1 stockbroker in the country. The app has a user-friendly platform and it does not have a lot of information or resources which are unnecessary.
All the investments using Zerodha are free of brokerage which means that if you buy a stock and don’t sell it on the same day then you will not have to pay any amount for the purchase of the stock.
For intraday trading of stocks and futures that is when you buy a stock and sell the stock on the same day, the brokerage which is charges is 0.03% or INR 20 per trade. Whichever amount will be lower and if you do an intraday options trading you will be charged INR 20 per trade.
Zerodha can be the best choice for a beginner trader and even an experienced individual.
Upstox pro Mobile Trading App
Upstox Pro is a mobile application of one of the leading discount brokers in the country which is Upstox. Upstox was formerly known as RKSV technologies. The company is backed by Ratan Tata.
The charges of Upstox are similar to that of Zerodha. It is also a discount broker and is second in the market share of the stock market brokers in India. Currently, you can open a Demat and trading account with Upstox for free of cost with various other benefits.
Angel Broking Mobile Trading App
Angel Broking is one of the oldest players in the industry of stock market brokers. They have been in the industry for more than 30+ years. They have a wide range of services and an online trading platform is one of them. Earlier the company used to follow a full-service model for its trading platform and from 2019 they started following the discount broker method.
All the intraday trading that is stocks, futures, options, currencies, and commodities will be charged INR 20 per trade. The charges for opening an account online have been removed and it is free for you to open an account. You will not have to pay the Annual Maintenance charges for the first year.
Motilal Oswal Trader App
Motilal Oswal (MOSL) is another major stockbroker of India. The company was started in the year 1987. They have a strong network of branches and also have sub-brokers. The company has 1700+ branches across India. Motilal Oswal is not a discount broker. Their brokerage charges are quite higher compared to the discount brokers.
Their research papers are considered really good as they invest 10% of their profits into research. If you are a beginner who requires some guidance and doesn't mind paying some extra amount then you can choose Motilal Oswal.
The Motilal Oswal Trader App is available both for android and mobile users. The charges for opening an account online have been removed and it is free for you to open an account. You will not have to pay the Annual Maintenance charges for the first year.
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5Paisa Mobile Trading App
5 paisa is also a discount broker. The company is promoted by IIFL (India Infoline). 5Paisa has a different feature which is a guest login feature. Using this you can check their trading platform but with minimal features.
All the intraday trading that is stocks, futures, options, currencies, and commodities will be charged INR 20 per order that is executed. The rates are similar to other discount brokers such as Upstox, Zerodha and Angel broker.
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India Infoline (IIFL) Markets Trading app
India Infoline (IIFL) is a full-service stockbroker. They are a reputed stock broker of India which was established in the year 1995. The brokerage charges of IIFL are higher when compared to other discount brokers.
The company provides personalized service to all its clients and if you are looking for a company that will guide and support you through research and recommendations then you can choose IIFL. They provide stock tips to help you make a better decision.
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Binance: Bitcoin Marketplace & Crypto Wallet
Binance is a platform for trading cryptocurrencies. It is a cryptocurrency exchange platform that was established in the year 2017. Binance was one of the largest cryptocurrency exchange in the world according to the trading volumes of 2018.
This focus strongly on the Altcoins. Altcoin is an alternative digital currency to Bitcoin. It refers to a group of cryptocurrencies, ultimately all the cryptocurrencies other than Bitcoin.
The platform charges 0.1% from the taker’s side and 0.1% from the maker side. You can choose Binance for trading cryptos if you want to invest in lesser-known cryptocurrencies.
Coinbase Mobile Trading App
Coinbase is also a cryptocurrency platform. It is a cryptocurrency exchange platform that was founded in the year 2012. This platform is mostly used in the United States as it is popular and widely known in the country.
Coinbase charges around $0.99 to $2.99 which will depend on the dollar value of the purchase. Their user interface is considered to be very simple and the transactions are highly liquid.
WazirX Mobile Trading App
WazirX is an Indian cryptocurrency trading platform which is owned by the global cryptocurrency exchange Binance. WazirX has the highest trading volume compared to any other cryptocurrency exchange in India.
WazirX claims to have $2.3 billion monthly volume. The company has a registered user base of around 1.75 million. As per CoinMarketCap, WazirX was the 27th top cryptocurrency exchange globally in terms of liquidity, traffic, trading volumes and the confidence in the legitimacy of the trading volumes.
Trading View
TradingView is a stock market trading and investing platform. It is one of the best platforms for beginners as it provides an option for paper trading. Paper trading is a method where the platform provides you with a imaginary amount and lets you pick trades in an imaginary stock market.
This will provide you an experience of how the real market would look like and how trading would exactly feel. They also provide an option for you to trade in cryptocurrency exchanges as well. It is one of the best trading platforms available.
Bitfinex Mobile Trading App
Bitfinex is a cryptocurrency trading platform. It is owned and operated by iFinex INC which is located in Hong Kong. The platform was launched in the year 2012. The trading platform deals with all sorts of cryptocurrencies around the world and is one of the most liquid exchange around the world.
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Kraken Mobile Trading App
Kraken is a cryptocurrency platform where you can trade all kinds of cryptocurrencies using the fiat currencies. You can use fiat currencies such as U.S Dollars, Canadian Dollars, Japanese Yen and Euros.
They offer a trading platform with all sorts of required features for individual cryptocurrency traders as well as large trading firms. Kraken is one among the top leaders in cryptocurrency exchanges.
FAQ
Which Trading app is best in India?
Kite Trading app is one of the best trading app in India with a rating of 9.78 out of 10.
How much traders earn in India?
Skilled traders in India can make up to ₹1 lakh per day with ₹1 crore of investment, i.e. 1%.
Who is the richest day trader in India?
Rakesh Jhunjhunwala, a business magnate is one of the richest day trader in India. He manages his own portfolio and is the 38th richest person in India.
Conclusion
These are the trading apps that are considered to be the best in their respective markets.
Author: Alan Joseph
Source : https://startuptalky.com/safest-online-trading-apps/
Date : 2021-04-06T07:15:52.000Z