The best online trading platform helps you get a seamless experience trading stocks. A good platform makes it easier to view current market movements. You can make use of advanced tools for stock trading, like charting.
In India, there are three basic types of interfaces for online trading. You can select either one, based on your preference. The best online trading platform for you may be a web app, desktop app or mobile app.
Compared to all three, a desktop-based stock trading platform is the quickest. It is highly suitable for professional traders who desire to place swift orders. You can easily install such a platform on your laptop or PC.
A web-based platform is accessible through a website address. You will need to authenticate your access with a User ID and password. Such platforms tend to be somewhat slower than desktop apps.
Mobile applications are showing a recent trend in popularity. That most stock trading platforms are making their mobile apps available for their customers.
Let us look at some of the best stock trading platforms in India.
Best Online Trading Platforms
Zerodha Kite 3.0 Trading Platform
This platform is one of the best stock trading platforms for beginners. Zerodha consumes bandwidth speed not more than 1 kbps, making it a fuss-free option as long as you have a reasonable internet speed.
In terms of the market watch, the platform does not disappoint. You can access charting tools and use hundreds of indicators available on Zerodha. In addition to placing market orders, you can even trade through bracket orders and cover orders on the platform.
Zerodha provides access to multiple exchanges through a sleek interface which makes it easy to perform analysis and trade. The stock trading platform does not offer trading services directly from a stock chart.
Upstox Pro Trading Platform
The HTML-based platform demands very little when it comes to operating capacity. The platform offers a bounty of indicators and the option to customise charts. Thus, you monitor market moves and make well-informed trading decisions. The order entry form offered by Upstox is unique and easy to fill. You can tailor the settings to meet your trading style using exclusive widget features. Upstox stands out by making it feasible to place a trade directly from a chart. But, at the same time, it does not offer a tool to evaluate the market depth.
5 Paisa Trading App
The platform is an all-rounder when it comes to market investments. This app is a one-stop solution for traders. You can buy equity or invest across various instruments. This includes digital gold, mutual funds, and personal loans. A click is all it takes to place orders in the app. Further, it has advanced technical charts, a drawing feature and stock reports. You can get access to several advisory products through the app. Also, it offers several predefined screeners to assess stocks. However, this app might not give you an experience of the best stock trading platform. This is largely due to lagged customer service.
Angel Broking App
Angel Broking app is among the best online trading platforms. It offers a handful of technical chart indicators. This app is an excellent base for analysis and stock trading. As a trader, you can benefit from its ARQ tool. It helps improve the overall performance of the portfolio. The intuitive interface of the app provides clean access to its features. There is a slight limitation on the app. It is because it lacks in providing investment options in IPO and bonds.
Motilal Oswal Orion Lite Trading Platform
The name Motilal Oswal is known for its research advisory. You can access thousands of research reports and trading recommendations here. It offers several charting indicators to perform technical analysis. The platform offers a guiding signal, which is its signature feature. It generates several buys and sells trading ideas in auto mode. The platform makes it easier to watch multiple assets. Motilal Oswal offers trading options in the derivatives market. This makes it one of the best online trading platforms. But the platform can bother you with too many SMSes.
Fyers One Trading Platform
This desktop trading platform offers in-built stock screeners. They help check trends and single-day movements in the market. The trading platform helps to make use of the latest charting tools. You can view historical data for stocks through its in-built features. The platform surpasses its competitors in offering many different indicators. Also, it provides in-depth market analysis. Some unique offerings of the platform include a heat map. You can also access various index meter tools here. Fyers One also offers customisable workspaces. Using these, you can make specific watch lists according to sectors, indices and derivatives. You can also access intraday charts for stocks with a month-old history.
There are several features to check whether a trading platform is the best one out there. You should check the indicators of an ideal trading platform before selecting one. You should be able to access advanced charting and tools. The platform should give the option to place swift orders. It should use minimum hardware and software. There should be scope for customisation and be easy to use. Ideally, a seamless interface makes a trading platform useful.
Choosing the best stock trading platform depends on your style of trading.
Are you looking for similar finance blogs? Visit the Piramal Finance website and help yourself to the knowledge of wide-ranging financial products and services, from stock trading to personal loans. This web platform helps introduce you to every facet of finance you wish to explore.