Updated: Jan 27
After new margin rules by SEBI, the technology is the only criteria to compare all the stockbrokers as all of them should give the same leverage and most charge the same brokerage.
Due to this change, all the brokers have created/modified/updated their apps to stay top in the competition. However, because of many trading apps, traders can get some confusion to decide the best trading apps and brokers.
Hence, we have decided to shortlist the top-10 trading apps in the Indian market conditions.
Table of Content
Kite Zerodha App
Kite Zerodha app is a tiny version of the Zerodha Kite trading platform, which comes with biometric access. One can enable fingerprint access in the settings tab after the login.
Kite App has two modes – 1) Light and 2) Dark
Traders can pick either the light mode or the dark mode based on their convenience.
Kite app also provides two charting options – 1) ChartIQ and Tradingview. By default Kite app will have chartIQ as its charting solution. But a trader can switch to tradingview to access the advanced features offered by tradingview.
Kite app is simple and effective to use. The profile tab lists all the useful references, including a link to back-office reports, user manual to use the app, and settings.
However, the kite app has two drawbacks – 1) It has received only 4.0* ratings in the play store, and 2) Margin details are missing in the app.
Money Control App
Reliance-owned Money Control is another leading app used by most Indian traders. Initially started by Victor Fernandes and Sangeeta Fernandes, but E-18 (a subsidiary of the TV18 channel) acquired in 2000, and later, Reliance Ind take over TV-18.
In the last 10 years, moneycontrol has become India’s most prominent finance-related web