PEAKLIFE

By Neha Mehrotra

The evolution of technology and the increasing embrace of financial literacy have transformed mobile applications for stock trading into a dynamic and accessible realm. Each day brings forth a seamless transition and enhanced trading flexibility, all achievable with a single click. The expanding prevalence of these apps has significantly simplified the initiation of trading for beginners. Beyond facilitating the buying and selling of financial instruments, these apps offer a suite of additional valuable services. To assist those starting their trading journey, we have curated a list of the top trading apps for beginners. Take a look.

1. Groww Trading App

Groww offers a comprehensive suite of features, encompassing mutual funds, ETFs, SGBs, IPOs, futures and options, commodities, and more—all seamlessly integrated within a single platform. It also provides separate dashboards for stocks and mutual funds, effectively compartmentalising passive and active investing alongside other market activities. The application also boasts built-in calculators for SIP, brokerage, SWP, and mutual fund returns. Further, it prioritises user security through the implementation of two-factor authentication, fortifying the protection of users’ investment accounts against potential hackers.

2. Paytm Money

Paytm Money, a registered stockbroker and investment advisor with SEBI, holds memberships with NSE, BSE, and CDSL as a depository participant. Users can benefit from cost-free equity trading, featuring zero commission on direct mutual funds. The platform offers a maximum brokerage of Rs. 15 per trade and imposes zero maintenance charges. With a fully digital account opening process, Paytm Money ensures a seamless and hassle-free experience for investors. Additionally, users can leverage the platform’s convenient feature, allowing them to switch from external regular mutual funds to direct mutual funds, providing enhanced flexibility in investment choices.

3. Zerodha Kite

Established by the Kamath brothers, Zerodha is the largest online discount broking platform in India, boasting a user base of over 1.1 crore active clients, equivalent to 15 percent of the total Indian retail trading volume. The platform’s user interface is not only well-designed but also user-friendly, catering to both beginners and advanced traders and investors alike. It offers an array of features, including inbuilt charts, over 100 trading indicators, and advanced order types like GTT (Good Till Triggered) orders, cover orders, direct IPO applications, and more. The registration fee for Zerodha is ₹200, accompanied by an annual maintenance fee of ₹300.

4. ICICI Direct

ICICI Direct App, a premier trading platform owned by the ICICI Group, stands as one of the largest in India, serving over 50 lakh customers with online trading and investment services. Recognised for its user-friendly interface, the app is celebrated for its easy-to-use trading application. It provides a multitude of analytical tools, including charting, graphs, and live P&L statements. With speedy order placements, users can effortlessly execute stock transactions with a simple swipe. ICICI Direct App offers various plans, such as the Neo Plan and Prime Plan, among others, each equipped with unique features and benefits, catering to the diverse needs of investors.

5. Upstock Pro Trading App

Upstox, a brokerage startup backed by Tiger Global, offers a comprehensive range of trading and investment options covering stocks, commodities, currencies, and mutual funds. Boasting in-built features like Trading View for charts and chart IQ libraries, Upstox caters to the needs of both experienced traders and investors. Upstox PRO facilitates investment in mutual funds and stocks, along with trading in stocks, derivatives, currency F&O, and commodities F&O. Users can also explore investment opportunities in gold, IPOs, and mutual funds, with no commission on mutual fund investments. The platform provides advanced chart tools with over 100 technical indicators and market watch functionality.