We all know that investment is a thing the earlier you start the better it is
With the increase in the financial literacy in the country, many students are finding ways to invest their small incomes odd-even their pocket money
With the increase in the use of smartphones in India, many big, as well as small stockbrokers, have launched their own stock trading apps.
In this article, I will tell you about 5 stock market investment and trading apps that you can use to trade stocks and shares online from your smartphone
If you are a student or a who wants to invest in the stock market, then you can use these apps which are easy to use and also provide you with discount brokerage
The best 5 and top-rated easy to use stock trading apps are given below
Now let’s see the Features, Fees, and Pros and Cons of each of these apps in detail…
(P.S.: The below-mentioned list is in no particular order)
1. Zerodha Kite
Zerodha is currently one of the biggest stock brokers in India with a huge customer base.
The official trading app of Zerodha is known as Zerodha Kite and is available both on Play Store and Apple App Store. (Download links below)
It is also one of the best online discount brokers that are currently operating in India. Zerodha Kite is an easy-to-use app and is therefore preferred by beginner investors.
Founded in 2010, Zerodha offers flat brokerage which makes it ideal for first-time investors as well as students investors who mainly focus on small stock trading.
Features of Zerodha Kite
- Easy to use trading platform.
- Low brokarage.
- Easy and paperless account opening with KYC.
- Secure and Trusted trading platform.
- Apply for IPOs from the app.
Fees and Other Charges of Zerodha Kite
Account Opening Charges: Rs. 200 (Online) or Rs. 400 (Offline).
Annual Maintainance Charges: Rs. 300 per year.
Brokerage: Rs. 0 (for delivery trades). 0.03% or Rs. 20 whichever is lower (for Intraday trades).
See their complete fee structure here.
Pros of Zerodha Kite
- Brokerage free Delivery trades.
- No minimum deposit.
- Low charges for trades in other segments.
Cons of Zerodha Kite
- Account Opening and Maintainance Charges applicable.
- Debit/Credit Card option not available for deposits.
2. 5 Paisa
Another popular and trustworthy discount broker app that allows you to invest in the stock market is 5Paisa.
Founded in 2017, this app is promoted by IIFL which has been
Just like Zerodha they also have a fixed brokerage for every order executed. This makes it ideal for small investors who want to save money in the brokerage.
Features of 5 Paisa
- Easy-to-use app.
- Free and paperless account opening with KYC.
- Free Mutual Fund Account.
- Secure and Trusted trading app.
- Apply for IPOs from the app.
- Multilingual trading app.
Fees and Other Charges of 5 Paisa
Account Opening Charges: Rs. 0 (limited time offer).
Annual Maintainance Charges: Rs. 540 yearly (charged as Rs 45 per traded month)
Brokerage: Rs. 20 per executed order with the basic plan. It can be made zero with brokerage plans.
See their complete fee structure here.
Pros of 5 Paisa
- Free Mutual Fund Account.
- Low DP charges.
- Low Annual Maintanance Charges. (AMC)
- Zero Account Opening Charges.
Cons of 5 Paisa
- Demat Debit charges are high.
- Higher exchange transaction charges then with other discount brokers.
3. Upstox
Upstox, previously known as RKSV securities. is one of the top discount brokers in India as of now.
It is ideal for those who are looking for low brokerage and a decent and trustworthy trading mobile app.
The app allows trading in almost all different segments life equity, commodities, currency, future, options, and many more.
Just like Zerodha, Upstox also offers 0 brokerages on delivery equity trades.
Features of Upstox
- Paperless account opening.
- Trade in all segments like equity, commodities, currency, future, options, and many more.
- Secure and Trusted trading app.
- Easy-to-use app for beginner investors.
- Apply for IPOs from the app.
- Available in both Android and iOS.
Fees and Other Charges of Upstox
Account Opening Charges: Rs. 0 (limited time offer).
Annual Maintainance Charges: Rs. 25 per month.
Brokerage: Rs. 0 (for delivery trades). 0.05% or Rs. 20 whichever is lower (for Intraday trades).
Pros of Upstox
- Brokerage free trading in Equity Delivery segment.
- Apply for IPOs directly.
- Margin Against Shares is available.
- Low annual maintainance charges.
Cons of Upstox
- Good Till Cancelled (GTC) and Good Till Date/Time (GTD) Orders are not available in Equity Segment.
- Upstox NRI Trading and demat account is no longer available.
4. Groww
Groww has become very popular during the recent time among new and student investors.
It is founded in 2016 and initially started as a direct mutual fund investment platform. In 2020, it started offering equity investment and trading.
The unique thing about this app is that it allows you to invest in US stocks as well. The app also offers investment options like Digital Gold and Fixed Deposit.
Features of Groww
- Easy-to-use, beginner friendly interface.
- Invest in Equity at low brokerage.
- Direct Mutual fund investment options.
- Instant and paperless online account opening.
- Digital Gold and Fixed Deposit investment options.
Fees and Other Charges of Groww
Account Opening Charges: Rs. 0 (limited time offer).
Annual Maintainance Charges: Rs. 0.
Brokerage: 0.05% or Rs. 20 whichever is lower.
See their complete fee structure here.
Pros of Groww
- Zero AMC.
- Zero Account Opening charges.
- Low Brokerage.
- US Stocks investment options.
Cons of Groww
- Brokerage for trading in Equity Delivery segment is not Rs. 0.
- No option to currently trade in derivatives (futures & options), commodity, and currency segments.
- No branch support.
5. Motilal Oswal
Unlike the others mentioned above, Motilal Oswal is a full-service broker and is in the stockbroking business for a long time.
Founded in 1987, it is a common name in the stock market.
Motilal Oswal is among the few stockbrokers who allow you to trade through their dedicated and secure trading app.
Features of Motilal Oswal
- Full service broker.
- Easy to use and secure trading app.
- Apply for IPOs from the app.
- Offers trading in various segments like equity, commodities, currency, future, options, and many more.
Fees and Other Charges of Motilal Oswal
Account Opening Charges: Rs. 1000.
Annual Maintainance Charges: Rs. 441.
Brokerage: 0.15% to 0.5%.
Pros of Motilal Oswal
- 30+ years of experience.
- Wide range of investment options.
- Gives you local branch support.
Cons of Motilal Oswal
- High Brokerage.in compared to discount brokers.
- High Annual Maintannace Charges and account opening fees.
These are some of the best and top-rated share market investment apps in India.
You can easily invest in the share market as well as Mutual Funds with the help of these apps.
Please Note: You must be above 18 Years to invest in the Stock Market in India.
(Disclaimer: Please note that the details are based on the date of writing this article and may vary. The pros and cons are based on the author’s personal experience with the apps. The information is for educational purposes only. Some of the links on this site are affiliate links. This means whenever you buy/install something using the links, you help support this website at no extra cost.)