Best Stock Investment Apps for Beginners with a Free Demat Account (2024)

The exchange of services and products between two parties is known as trading. Trading can be defined as when you buy something and then sell it for a better price. You can invest as well if you want to generate a huge capital.

You may invest online using your mobile phone anytime, from any location. There are investing applications available. You must quickly search for the appropriate software and install it from your mobile app store.

Also Read: Best Personal Loan Apps to Try in 2023

Best Stock Investment Apps with a Free Demat Account:

1. Upstox

Upstox, formerly known as RKSV Securities, is India’s top bargain broker. Upstox, based in Mumbai, is among the most famous intraday trading applications. They have the support of prominent investors such as Mr. Ratan Tata.

Upstox customers may track their performance via price notifications and various additional options. Furthermore, Upstox gives timely and relevant news updates about your assets.

Upstox offers a variety of stock trading choices with an easy-to-use interface. You may trade equities, digital gold, mutual funds, and other assets. Upstox provides rich charts to assist you.

Features:

• Fastest implementation of purchasing and selling.
• Excellent usability & accessibility.
• Features such as live data streaming and news updates
• Allows for quick trading executions
• Transaction fees are kept to a minimum.
• An infinite number of price notifications are possible.

Pros:

• All stocks may be found using this universal search engine.
• Use over 100 technical indicators on charts.
• Supports the restriction of aftermarket orders
• There are no Demat account maintenance fees.

Cons:

• There are no suggestions or reviews for trading IPOs & FPOs.
• Equity Intraday, Equity Futures, Equity, Currency Futures, & Commodity Futures are priced at Rs 20/2.5%. (whichever is lower).

Price: Rs.20 for each intraday equity trade, 0.05% for equities futures, and Rs 20 for currency orders.

2. Angel Broking

Angel Broking App is regarded as one of the most excellent trading apps in the broking market in India. It has everything for all sorts of investors that want to invest on the go. The most excellent investing app offers several fantastic features, including a tremendous user interface that makes it run much more smoothly.

Features:

• Stocks are simple to buy and sell.
• Track the status of derivatives
• Stock quotations, charts, and market data are streamed live.
• There are over 40 technical chart indications.
• Online fund transfers in real time to around 40 banks
• Mutual funds are a simple way to invest.
• Beginners and bulk traders would benefit the most from this product.

Pros:

• There are no brokerage fees.
• Portfolio administration
• You may construct a low-cost portfolio by investing in tiny instances.
• Investment in fractions.

Cons:

• We are trading through phone costs rupees 20 for each executed order.

Price: Commodities, futures, currency, and options orders cost Rs. 20 or 0.25% (whichever is less).

3. Groww

Groww app is India’s finest stock investing app. Its appeal originates from the ability to trade in gold, equities, fixed deposits, and other assets simultaneously.

Features:

• Consider investing in gold, fixed deposit accounts, local and US equities, mutual funds, and futures and options (F&Os).
• Resources for learning
• Withdraw Rs. 50,000 daily, or 90% of the entire amount invested (whichever is less).
• Trading on one’s own.

Pros:

• There are no account opening fees.
• There are no account maintenance fees.
• ISO 27001:2013 accreditation guarantees that your data is protected and safe.

Cons:

• Advanced order kinds (such as brackets and orders, and so on) are not available.

Price: Brokerage costs per performed trade are rupee 20 or 0.05% (whichever is less).
Futures brokerage fees are Rs—20 per order.

4. 5Paisa Mobile Trading App

Regarding a straightforward stock investing application, 5Paisa Mobile Trading Software is India’s top online trading app. This software is available for both iOS & Android devices. The fully-loaded functional & intelligent mobile trading software provides practically all the functions an investor or trader requires.

Features:

• Quotes from all segments are screened in real-time.
• SIP investment
• Robo Advisory is a wholly automated investor advisory system.
• Mutual fund investment
• Stock trading in the equities, intraday, and futures and options categories
• Auto Investing Professionals

Pros:

• Orders may be placed with a single click – ideal for day traders.
• The ability to set up several watchlists
• Configure price and time notifications
• Mutual funds have no commission.

Cons:

• There is no commodities trading.
• 3-in-1 accounts are not available.

Price: Brokerage fees of Rs.20 per order, the Power Investor Pack costs Rs. 499 per month, & The Ultra Trader Pack costs Rs. 999 per month.

5. Motilal Oswal Group MO Investor App

Motilal Oswal Group MO Investor App is India’s most excellent investing app. Its intelligent artificial intelligence capabilities provide you with suggestions and insights on how to optimize your portfolio.

Features:

• Without any documentation, you may trade in digital gold.
• You may obtain market study studies created by experts.
• Resources for both novice and experienced traders.
• Languages supported include English, Hindi, Gujarati, and Tamil.

Pros:

• Advice about an investment.
• Resources for learning
• Buy and sell digital gold.
• Market research tools.
• Price notifications.

Cons:

• There is no trading in overseas stocks.
• Brokerage fees should be discussed with the seller directly.

Price: Brokerage fees should be discussed with the seller directly.

6. The IIFL Market Investing App

The IIFL Market Investing App is a highly regarded trading mobile app. It allows you to invest in multiple products using simple and easy techniques.

Features:

• Trade in stocks, futures, and options, currencies, & commodities.
• Market trend analysis tools.
• Simple procedures to place purchasing or selling orders.

Pros:

• Reports on free research.
• Notifications concerning market developments.
• There are no account administration fees for trading accounts.

Cons:

• There is no Robo advisor.

Price: For intraday, currencies, F&O, and commodities, the fee is Rs.20 per completed order.

7. Sharekhan Mobile Trading App

The Sharekhan mobile trading and investing app includes the most popular trading features, such as sophisticated charts, measurement tools, watchlists, and so on. While the app contains several simple and complex capabilities, some of the app’s most promising features, as well as the key reasons why it is regarded as the finest trading app in India, are as follows:

Features:

• Investing in Mutual Funds is an option
• Simple money transfer service
• Enhanced user experience
• Customized the default screen
• Level of extra security
• Ideally suited to aggressive traders

Pros:

• Simple fund transfer pay-in and pay-out choices.
• Free learning tools are available.
• This best online stock market program allows for quick and easy trading.

Cons:

• Call and Trade Fees
• Every 15 days, you must update your password

Price:

• For equities trades, the commission is 0.50% or 10 p/ share or Rupees 16 per scrip (whichever is greater).
• For F&O Trades, the first component is 0.10%, while the second is 0.10% if resolved on any other day.
• In the event of Options Trades, the commission is 2.50% or Rupees 250 per lot on the entire premium (whichever is greater).
• Sharekhan, among the top trading apps for currency futures, charges 0.10%.

8. HDFC Securities App

It is a simple mobile trading program that can be installed and used on any smartphone. It maintains a constant rate of speed. HDFC Securities has released an updated version of the app that is much easier to use and utilize. It has almost 10 lakh installations from the Google Play Store and a mixed rating of 4.2, making it one of India’s finest trading apps.

Features:

• Technical indications are available.
• Fingerprint authentication for increased security
• Intraday charts are offered in various time ranges ranging from one minute to one month.
• Several customizable watch lists that offer real-time price updates
• Its ability to purchase gold makes it the top stock market app.
• Price actions are displayed in various formats, including line graphs, candlesticks, bar graphs, etc.
• Ideal for global dealers and gold buyers

Pros:

• Real-time daily charting
• Stock market news and alerts regularly
• Global commerce and digital gold

Cons:

• Brokerage fees are exorbitant.
• There is no upfront purchasing and selling procedure.

Price:

• 0.50% or a minimum of Rs.25 for equities delivery, intraday equity, & equity futures.
• For equity options, pay Rs 100 for each bucket or 1 percent of the premiums (whichever is greater).

9. ICICI Direct

ICICI Direct is among India’s most significant trading applications, offering various features such as graphing and reporting, top gainers, grid view, losers, and so on. They have made it simple to invest in current and new fund offerings (NFO). They have 37 AMCs on their panel.

Their research-backed products & advice provide you with the information you need to make an informed investing decision. Customers of ICICI Bank who use ICICI Direct may receive additional perks.

Features:

• A wide selection of market watch customization choices is available.
• A wide range of technical indicators & charts is available.
• Heat maps are used to depict detailed data easily.
• Technical analysis that is both simple and useful
• It also enables you to have numerous watchlists; however, each watchlist may only include up to 50 stocks.
• Online account opening is quick and paperless.

Pros:

• You can trade a variety of financial instruments.
• The real-time market is connected with many charts. You may read, analyze, and trade charts immediately.
• Customize the themes and user interface to match your specific demands.
• It includes technical indicators like Bollinger bands and many others.

Cons:

• Call and trade are offered for an extra Rs 20 for each call.

Price: Rs.20 for each intraday equity trade, 0.05% for equities futures, and Rs 20 for currency orders.

10. Stock Edge

Stock Edge is a renowned and famous trading platform. They recommend investment strategies that focus on your objectives and give research and analytical tools to help you make informed decisions.

Features:

• 5000+ stock analysis and research
• Market trends may be studied using advanced charts.
• Online training & webinars are examples of learning resources.
• Intelligent detection tools that allow you to view stocks according to your preferences.

Pros:

• Stock listings based on themes
• Resources for learning
• Features are being scanned.
• Research instruments

Cons:

• Please bear with the advertisements in the freemium model.

Price: N/A

Conclusion:

Everyone can find a variety of investment options in the stock and trading market. Business owners, traders, entrepreneurs, and others desire to trade in the market to maximize profits. However, keeping up with the stock market’s occurrences takes a lot of work. This is where trading applications come in.

Mobile trading applications offer superior push alerts, research reports, chart analysis, flawless, high-speed trading, technical & fundamental equities reporting, and so on.