Mobile Trading has seen a tremendous surge in India due to the increased number of beginners who started using apps before getting into real trading. The trend of trading via smartphones is going to another level with its user-friendly and seamless trading experience.
Nowadays, trading apps have become quite common among youths. People have started preferring mobile trading rather than traditional trading. Moreover, cryptocurrencies have also become the latest fad among youths. India ranks 2nd in the world in crypto adoption.
Despite the risk, cryptocurrencies platforms have successfully been able to hook young Indians by offering a seamless user experience. Even inexperienced youths are busy exploring these crypto trading apps.
In order to make your trading experience more confident, we have compiled the list of safest online stock trading and crypto trading apps in India. You can have a look at these lists and analyze which apps suit you best.
List of Safest Online Stock Trading Apps in India
As someone who's stepping into the world of the stock market need to have the proper stock trading app from an authorized stock trading platform. Since they're beginners they want the safest, user-friendly, and legit platform to start their trading journey.
So, here is a list of online stock trading apps offered by legit discount brokers that would help you to buy or sell stocks with simple steps.
Zerodha Kite is one of the best trading apps and the number 1 stockbroker in the country. The app has a user-friendly platform with streaming market data, advanced charts, an elegant UI, and more. Zerodha is India's first discount brokerage company.
For intraday trading of stocks and futures (i.e., when you buy and sell the stock on the same day) the brokerage charge is 0.03% of turnover or INR 20, whichever is lower per executed order.
Zerodha can be the best choice for a beginner as well as an experienced individual.
The charges of Upstox are similar to that of Zerodha. It is also a discount broker and the second-best trading apps in India. Currently, you can open a Demat and trading account with Upstox for free of cost with various other benefits.
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 but from 2019, they started following the discount broker method.
All the intraday trading i.e., stocks, futures, options, currencies, and commodities will be charged INR 20 per trade. Angel Broking account opening charges are free and one is exempted from paying the Annual Maintenance charge for the first year.
Motilal Oswal (MOSL) is another major stockbroker of India started in the year 1987. They have a strong network of branches and sub-brokers. The company has 1700+ branches across India. Motilal Oswal is not a discount broker. Their brokerage charges are quite higher as 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.
5Paisa is also a discount broker in India. The company is promoted by IIFL (India Infoline). 5Paisa has a unique feature of guest login. Using this feature, one can avoid giving their personal details to check the app, end up getting unsolicited emails, calls, and messages from the service provider.
All the intraday trading i.e., 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.
India Infoline (IIFL) is a full-service stockbroker. It is a reputed stock broker of India 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 someone is looking for a company that will guide and support them through research and recommendations then they can choose IIFL. They provide stock tips to make a better decision.
List of Safest Crypto Trading Apps in India
Just like the stock trading app, there are crypto trading apps as well meant for buying or selling underlying coins via an exchange.
Crypto Trading Apps provide you with a platform to consider the movement of cryptocurrency prices. One can buy or sell cryptos like Bitcoin using Indian Rupee in simple steps using these mobile apps.
Binance, established in 2017, is a platform for trading cryptocurrencies. It is considered one of the largest cryptocurrency exchanges in the world based on its trading volumes. The platform focuses strongly on Altcoins. An 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's side. You can choose Binance for trading cryptos if you want to invest in lesser-known cryptocurrencies.
Coinbase charges around $0.99 to $2.99 depending on the dollar value of the purchase. Their user interface is considered to be very simple and the transactions are highly liquid.
WazirX is an Indian cryptocurrency trading platform that 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 a $2.3 billion monthly volume with 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 confidence in the legitimacy of the trading volumes.
Trading View 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 an imaginary amount and lets you pick trades in an imaginary stock market.
The platform provides an experience of how the real market looks like and how trading exactly feels. Also, there is an option to trade in cryptocurrency exchanges as well.
Bitfinex is a cryptocurrency trading platform owned and operated by iFinex Inc registered in the British Virgin Islands. The platform was launched in 2012 that deals with all sorts of cryptocurrencies around the world.
Bitfinex is the leading exchange for USD-denominated Bitcoin trading. It offers to order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage.
Kraken is a cryptocurrency platform where you can trade all kinds of cryptocurrencies using 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 of the top leaders in cryptocurrency exchanges.
Everyone (be it a trader or investor or youth) has started to incline more towards the discount brokers who are offering their best online trading mobile app service. Hence, these trading apps are considered to be the best and safest in the marketplace.
Disclaimer: All the above-mentioned data are based on our research. Use these apps only after thorough research from your side.
Which are the best and safest online trading apps in India?
The safest online trading apps in India are as follows:
- Zerodha Kite
- Upstox PRO
- Angel Broking
- Motilal Oswal
- India Infoline Markets
- Trading View
How much money do day traders make in India?
It depends on who is trading. If a non-skilled trader is trading, it is highly likely that he/she will lose money. But if a skilled trader is trading, he/she can make up to ₹1 lakh per day with ₹1 crore of investment, i.e., 1%.
Who is the richest trader in India?
Rakesh Jhunjhunwala, a business magnate is one of the richest day traders in India. He manages his own portfolio and is the 48th richest person in India.
Is online trading safe?
Online trading is as safe as offline trading. It has grown over 100% in India due to an increasing number of beginners who have started using the apps before getting into real trading.
Is Zerodha good for beginners?
Zerodha is considered the best discount broker for beginners in the trading market as its brokerage charge is 0.03% of turnover or INR 20 whichever is lower per executed order.
What is WazirX?
WazirrX is an Indian cryptocurrency trading platform that is owned by the global cryptocurrency exchange Binance. WazirX has the highest trading volume compared to any other cryptocurrency exchange in India.
Is Kite Zerodha safe?
Zerodha is a safe, legit and genuine stock broker in India. It is regulated by SEBI and is a debt-free company.