After the lockdown, the number of newcomers to the stock market increased. And there are many stock brokers that offer the leverage of investing in the stock market through their apps. But most people are unaware of the services provided by these brokers. And it is also difficult for a newcomer to choose the best app for investing, so in this blog, you will know about various investing apps, their charges, the difference between a traditional broker and a discount broker, and much more.
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Differences between a traditional broker and a discount broker
- Easy account opening: Account opening with a traditional broker is always time-consuming and difficult because it demands a lot of documentation and paperwork and is usually done in offline mode. That makes opening an account a headache for anyone. But most discount brokers provide minimum documentation and an online paperless process for account opening. Due to their hassle-free process, it only takes 24 to 48 hours to open a trading account.
- Low charges involved: Traditional brokers charge large account opening fees as well as large trading fees. But most discount brokers provide free or minimum account opening fees. The trading and account maintenance charges are also very low with discount brokers.
- Convenient for investors: Discount brokers provide their online apps with a cutting-edge platform and all essential services for investors so that they can do their investing easily at any time and at any place.
These are the Top 5 Apps for Share Market Investing
Upstox: Stocks, MF & IPOs
Play Store Ratings: 4.5/5 stars
Play Store Downloads: 1 Crore +
Upstox App is one of the most popular investing apps in India, with over 1 Crore + users. Upstox App gives you an easy-to-use platform to trade and invest in the stock market, mutual funds, IPOs, and much more.
Top features and pros:
- You can invest in stocks, mutual funds, IPOs and much more through Upstox.
- Upstox’s basket involves equity, commodities, currency, futures & options.
- Other investment options are Mutual Funds, IPOs, Bonds & Debts and Exchange Traded Funds (ETFs).
- Advance charts to help you study the market trends.
- Quick buying and selling of stocks
- Bracket order and cover order
- You can set price alerts for your favourite stocks.
- Limit Orders, After Market Orders, and much more.
- Easy to understand user interface.
Charges:
- Account opening charges: Zero
- Account maintenance charges: ₹ 249
- Call & Trade charges: ₹ 20
Brokerage:
- Equity Delivery Brokerage: 2.5%
- Equity Intraday Brokerage: 0.05%
- Equity Futures Brokerage: 0.05%
- Equity Options Brokerage: ₹ 20
- Currency Futures Brokerage: 0.05%
- Currency Options Brokerage: ₹ 20
- Commodity Futures Brokerage: 0.05%
- Commodity Options Brokerage: ₹ 20
Additional features:
- 3 in-1 Account: Available
- Free Trading Calls: Not available
- Free Research Reports: Not available
- SMS Alerts: Available
- Margin Funding: Available
- Margin Against Share: Available
Kite by Zerodha
Play Store Ratings: 4.3/5 stars
Play Store Downloads: 1 Crore +
Kite is one of the most popular investing apps in the Indian market for investing with over 1 Crore + users. Kite is an app offered by Zerodha. Kite offers you to invest and trade in stocks through their easy-to-understand app.
Top features and pros:
- Advanced options for placing orders like After Market Orders, Brackets and covers, stop-loss and much more.
- Kite’s product basket involves equity, commodity, currency, Futures & Options.
- Other investment options are Mutual Funds, IPOs, Exchange Traded Funds (ETFs), Bonds & Debts.
- Keeps you updated about the current market news.
- Pin and categorise your favourite stocks.
- You can put create alerts, do SIPs and make baskets of your favourite stocks.
- Provides you GTT order on any stock, and this order will be valid for one year.
- Kite also offers you the chance to invest in F&O.
- Zerodha has a free learning app called Zerodha Varsity where you can learn about investing and trading.
Charges:
• Account Opening Charges: ₹ 300
• Account Maintenance Charges: ₹ 300
• Call & Trade Charges: ₹ 50
Brokerage:
• Equity Delivery Brokerage: Zero
• Equity Intraday Brokerage: 0.03%
• Equity Futures Brokerage: 0.03%
• Equity Options Brokerage: ₹ 20
• Currency Futures Brokerage: 0.03%
• Currency Options Brokerage: 0.03%
• Commodity Futures Brokerage: 0.03%
• Commodity Options Brokerage: 0.03%
Additional features:
Additional features:
- 3 in-1 Account: Available
- Free Trading Calls: Not available
- Free Research Reports: Not available
- SMS Alerts: Available
- Margin Funding: Not available
- Margin Against Share: Available
Groww: Stocks & Mutual Fund
Play Store Ratings: 4.5/5 stars
Play Store Downloads: 1 Crore +
Groww is a popular trading and investing app in India with over 1 Crore + users. Investing and trading in stocks, mutual funds, and much more is the reason for its popularity.
Top features and pros:
- Groww’s product basket involves equity, Futures & Options
- Other investment options are stocks, mutual funds, IPOs, F&O and much more.
- Learning resources
- Withdraw ₹ 50,000 or 90% of the total money invested (whichever is lower) per day.
- Charts to help you study the market trends so that you can make a good investing strategy.
Charges:
- Account Opening Charges: Free
- Account Maintenance Charges: Free
- Call & Trade Charges: Not available
Brokerage:
- Equity Delivery Brokerage: 0.05%
- Equity Intraday Brokerage: 0.05%
- Equity Futures Brokerage: ₹ 20
- Equity Options Brokerage: ₹ 20
- Currency Futures Brokerage: Not available
- Currency Options Brokerage: Not available
- Commodity Futures Brokerage: Not available
- Commodity Options Brokerage: Not available
Additional features:
• 3 in-1 Account: Not available
• Free Trading Calls: Not available
• Free Research Reports: Not available
• SMS Alerts: Available
• Margin Funding: Not available
• Margin Against Share: Not available
5 Paisa: Share Market, MF & IPO
Play Store Ratings: 4.3/5 stars
Play Store Downloads: 1 Crore +
5paisa App is also one of the most popular trading apps in India. The advanced charts, learning resources, user-friendly interface, and auto-investing features make it one of the top trading apps in India.
Top features and pros:
- 5 paisa’s product basket involves equity, commodities, currency, futures & options.
- Other investment options are mutual funds, IPOs, bonds & debts, Exchange Traded Funds (ETFs) and much more.
- Trade-in stocks, currencies, mutual funds, commodities, and more.
- Based on your specific goals it has an auto-investing feature.
- A User-friendly interface makes your investment easy.
- Buying and selling on a single click.
- Advanced charts to help you research the market conditions and invest accordingly.
- It has research tools.
- Learning resources.
- Zero rupees commission on trading mutual funds trading.
Charges:
- Account Opening Charges: Free
- Account Maintenance Charges: ₹ 300
- Plan Charges: ₹ 999
- Call & Trade Charges: Free
Brokerage:
- Equity Delivery Brokerage: Zero
- Equity Intraday Brokerage: ₹ 10
- Equity Futures Brokerage: ₹ 10
- Equity Options Brokerage: ₹ 10
- Currency Futures Brokerage: ₹ 10
- Currency Options Brokerage: ₹ 10
- Commodity Futures Brokerage: ₹ 10
- Commodity Options Brokerage: ₹ 10
Additional features:
- 3 in 1 Account: Available
- Free Trading Calls: Available
- Free Research Reports: Available
- SMS Alerts: Not available
- Margin Funding: Available
- Margin Against Share: Available
Angel One: Stocks, Demat & IPO
Play Store Ratings: 4.1/5 stars
Play Store Downloads: 1 Crore+
Angel One is the best stock market app India has with over 1 Crore users. Angel One is founded in 1987. You can get a ready-made portfolio or get it managed by experts.
Top features and pros:
- Angel One’s product basket involves equity, commodities, currency, futures and options.
- Other investment options are Mutual Funds, IPOs Exchange Traded Funds (ETFs) and much more.
- You can Analyze the market with the help of research done by experts.
- Maintains your portfolio.
- Build a diversified, low-cost portfolio with help of small cases offered by Angel One.
- You can choose from readymade portfolios.
- International stocks are available for investing.
- Portfolio management service.
- Fractional investment is also possible.
Charges:
- Account Opening Charges: Free
- Account Maintenance Charges: ₹ 240
- Call & Trade Charges: ₹ 20
Brokerage:
- Equity Delivery Brokerage: Zero
- Equity Intraday Brokerage: 0.25%
- Equity Futures Brokerage: 0.25%
- Equity Delivery Brokerage: Zero
- Equity Intraday Brokerage: 0.25%
- Equity Futures Brokerage: 0.25%
- Currency Futures Brokerage: 0.25%
- Currency Options Brokerage: ₹ 20
- Commodity Futures Brokerage: 0.25%
- Commodity Options Brokerage: ₹ 20
Additional features:
- 3 in 1 Account: Not available
- Free Trading Calls: Available
- Free Research Reports: Available
- SMS Alerts: Available
- Margin Funding: Available
- Margin Against Share: Available
Conclusion:
Every investing app mentioned in this blog is good and offers more or less the same services; you can choose any app for your investing. Beginners should look for an app that lets them build a low-cost portfolio and gives them learning resources and tips for their portfolio management.