
We can all agree that stock market trading has never been as seamless and easy as it is now. A major reason for this change is the introduction of new trading apps that help traders and investors buy and sell securities from anywhere, with a single tap of a phone’s screen.
Here, we will be looking at the top 10 mobile apps that help with stock market trading and also provide various facilities to their users to help them maximize their potential profits.
Bajaj Broking
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Helps over 6 lakh users to trade from anywhere
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Can open a free Demat account through a paperless KYC process
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Provides users access to exclusive IPOs
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Users can avail of the margin trading facility through the app to maximize their returns through the concept of leverage
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The app also provides users access to regular market movements, tools and insights
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Comes with customized notifications and app alerts
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Users can place orders with a single swipe saving time and helping them carry out multiple trades, fast.
Zerodha
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Can open a free Demat and trading account easily
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Tools to help with options trading analysis, investment research and charting.
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Zero brokerage investments in socks like ETFs, IPOs, gold bonds etc
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Traders can file tax returns on the app itself with the help of the app’s provided tax-ready report
Angel Broking
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With the help of the app, traders can invest in US stocks
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Save time by trading directly from charts
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Provision to add Stop Loss, Cover Order etc on trade orders to help maximize profits
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Choose from more than 5000 large, medium and small-cap stocks
Groww
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The Demat account comes with zero AMC and no hidden charges
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Easy tracking and management of securities on NSE and BSE
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Trading in NIFTY and SENSEX is made easier by using calculators, GTT orders or stock screeners.
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Access to tools like advanced charts, TraderView etc
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Provision to use basket trades when trading in options helps trade multiple options contracts in one go enhancing the chances of producing higher returns.
UpStox
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Provision of carrying out 20-leg basket orders enabling traders to place a maximum of 20 orders to buy or sell securities in one go, saving time and increasing the chances of gaining higher returns.
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Traders can opt for a margin pledge for up to 90% collateral under future and option trading
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The also provides 5x leverage in equity trading
IndMoney
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Access to 5000+ large, medium and small-cap stocks and ETFs
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Provision to invest in US stocks directly from India
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Access to calculators to make informed investment decisions based on financial goals and maximize potential profits
Dhan
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Provision of opting for 4x leverage on more than 1000 stocks in MTF with an unlimited holding period
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Zero brokerage on intraday trading helps traders maintain the profit they might earn from a trade
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Has the provision to carry out after-market orders
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Sends alerts about extreme loss or when traders are overtrading to help prevent further losses
HDFC Sky
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No AMC on Demat account opening for the first year, this helps traders safeguard their profits in the first year
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Access to expert recommendations based on your financial goals can help traders make informed decisions and produce higher returns
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Investment orders can be carried out in a manner of seconds, helping save time and increase the chances of producing more profits
Kotak Neo
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Provides traders with 4x leverage option on more than 1000 stocks under MTF at 9.75% pa with no holding period
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Access to a multitude of large, medium and small-cap stocks
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When trading in options, traders have the provision to build and test their strategy via Payoff Analyzer so that they can tweak it if the need arises to maximise their profits
5Paise
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Automated trades supported by customized strategies with intelligent algorithms help traders maximize their profits
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Access to thousands of stocks to invest in for traders to choose from and increase their profit potential
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Gives access to more than 4000 mutual fund options with zero-commissions
Conclusion
Choosing the right trading app and opening a low brokerage trading account can have a massive effect on how significant the returns of a trade might be for investors and traders. The trading applications now available in the market provide many helpful tools to users to help them make the best investment decisions depending on their financial goals and maximize their potential profits.
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