Best Intraday Trading App In India
I have observed that intraday trading has become immensely popular among Indians, especially after Corona pandemic. Many have taken up day trading as their another source of Income and few as full time profession. To carry out intraday trading, one has to have many tools and trading app is one of them.
I am in stock market for more than a decade. Based on my understanding, I will provide details of 7 best intraday trading apps in India offered by leading stock brokers. And all the intraday trading apps that I have listed here are free, offcourse you have to open demat account with respective broker.
In my previous article, I had provided details of best desktop based trading platforms. You can check out that article here.
Trading apps are good for traders on the go. They come handy when you dont have access to your desktop platforms. Also, you can use them as standby if there is any power failure at your location and you need to place some orders urgently.
Attributes of Good Intraday Trading Apps:
All the trading apps are not good for intraday trading. Some are designed keeping in the investors in mind. In those kind of apps, more emphasis is given for fundamental analysis aspects than the technical analysis.
So before choosing any app for intraday trading, look out for following pointers,
- Make sure the App supports all the technical indicators and studies which you use as per your strategy
- The app should use low internet bandwidth especially if you belong to remote/low coverage area
- User interface should also be good. You should not struggle just place buy or sell order
- Check if the latest version is compatible with the Android/iOS version that you use
Ranking For Best Intraday Trading App In India 2022
There are multiple trading apps available in India best suited for Intraday trading. I have shortlisted 7 top intraday trading apps among them.
Here is the list of best intraday trading apps in India,
- Zerodha Kite Intraday Trading app
- Upstox Pro Intraday Trading app
- Angel Broking Intraday Trading app
- SAS Online Intraday Trading app
- 5Paisa Mobile Intraday Trading app
- Motilal Oswal Intraday Trading app
- FYERS Markets Intraday Trading app
#1 Zerodha Kite App
Zerodha Kite has emerged as the best intraday trading app in India with highest number of downloads.
I use it for myself and I am pretty satisfied with its performance. It is very light weight and consumes very less resource of our mobile phones. Hence it helps in placing buy/sell order quickly even your mobile handset is not latest and network is slow.
I opened account with Zerodha in 2012 and still using their service and it is good (they started their company in 2010). After they introduced KITE, Zerodha as a company started growing at faster pace. Within 8 years (in 2018), they could overtake like of ICICI Direct and became biggest stock broker in India.
What I like in KITE is the minimalistic user interface. It has very few information in dashboard and clutter free. Because of which I am able to concentrate on my trades rather than unwanted news and information.
I have written a detailed review post on Zerodha Kite, You can read it here.
Disadvantages of Zerodha KITE:
- Users reported minor issues while editing or deleting scrips from the market watch
- Repeated lags in Chart loading is observed
Advantages of Zerodha KITE:
- One-tap universal instrument search for all contracts across all exchanges – NSE, BSE, MCX
- Live streaming data
- Multiple marketwatch and live market depths
- Advanced chart with 100+ indicators
- Years worth of free historical chart data
- Various order types: Regular, AMO, BO (Bracket orders), CO (Cover orders)
- Well suited trading app in India for both beginners and experienced traders
All these factors make Zerodha KITE , No.1 App of India for intraday trading.
Moreover, Brokerage charges are Zero for delivery. The charges for intraday trading is competitive (Rs20/trade). Below table has the details of Zerodha brokerage charges for intraday segment.
How much Brokerage can be saved with Zerodha By an Intraday trader?
Before we go further, let us see how much savings a day trader can do if he opens an account with Zerodha for intraday, Futures & Options segments.
Let us assume you buy Rs 10lakh and sell 10lakh worth of shares daily. That means in around 20 trading days of month, total turnover will be 400 lakhs.
ICICI Direct charges 0.0275% hence the brokerage charges per month is Rs400Lakh * 0.0275% which is Rs 11,000.
So yearly it would be,
Rs11,000 * 12 months = Rs 1,32,000
Now Zerodha charges Rs 20/trade for intraday. In Zerodha, brokerage is not based on trade value. For each order they charge Rs20 irrespective of trade value.
Hence per day it would be Rs 40 (Rs20 for buy and Rs20 for sell) and for each month it would be 20* Rs40 = Rs 800
So per year it is Rs 800 * 12 months = Rs 9,600
Hence, traders can save more than 90% of brokerage and indirectly add to their profit.
Because of these savings and advanced yet simple to use mobile app, I recommend opening account with Zerodha.
Zerodha Account Opening Charges:
- Online through Aadhaar : Rs 200
- Offline by submitting forms : Rs 400
SaveRs200: you can save Rs200 by opening the account online. Use below Link to save Rs 200.
#2 Upstox Pro App
Upstox Pro is another state of the art mobile app for intraday trading by second biggest stock broker of India, Upstox.
You can get more information about Upstox, in this review.
Headquarted at Mumbai, Upstox is backed by well known personalities like Mr. Ratan Tata.
Brokerage Charges of Upstox is almost same as that of Zerodha. To know other differences between Upstox and Zerodha, check out this comparison table.
Watch the introductory video on Upstox Mobile app on Youtube:
Disadvantages of Upstox Pro:
- Back office app not available
- You can not check the linked bank account details in the app
- Navigation from one menu to another is little cumbersome
Advantages of Upstox Pro:
- Universal search tool to find simple and complex stocks.
- Charts of multiple intervals, types and drawing styles
- Apply 100+ technical indicators on real-time charts
- Trade directly from charts with the Trade From Charts (TFC) feature
- Set unlimited number of price alerts for instant updates
- Create unlimited number of customized watchlists
- Historic data for last 10 years
The account opening fee of Upstox is Rs 300. However you can use below button to avail Zero account opening offer.
#3 Angel Broking App
Angel Broking is into brokerage business since 1987. It has become one of the popular broking house of India with more than 20 lakh customers.
Before 2019, Angel Broking was following Full service brokerage model in which the brokerage is charged on certain percentage of total traded value.
Related Read : Detailed review of Angel Broking and its offerings
But since 2019, due to increased competition from discount brokers like Zerodha and Upstox, they have remodelled themselves as discount brokers.
Read : Side by side comparison of Angel Broking with Zerodha
Angel Mobile app is definitely good app for intraday trading in India. Here is the link of Angel Broking app on playstore.
Cons of Angel Broking App:
- App hanging in between is reported by some users
- Automatic session expiration happens on few occasions
- Not suitable for slower internet connections
Pros of Angel Broking App:
- One Tap features helps in accessing reports and recommendations
- Provides free access to ARQ – Angels robo advisor service
- Possible to trade across various segments with the single app
- Dark mode is available
- Quick fund transfer with UPI
Offer : Angel has waived off account opening charges and also AMC charges of Rs450 for the first year for a limited period. To avail the offer, use below button to visit their account opening page.
#4 SAS Online Alpha App
SAS Online is one of the lowest brokerage discount broker of India. With as low as Rs9/trade, they are the cheaper among all discount brokers.
They also have monthly unlimited plans of Rs999/month (for each segment).
To know more about SAS Online, you can read this detailed review.
SAS Online’s mobile trading app is known as “Alpha Trader”.
Drawbacks of Aplha Trader App:
- Customer support is not great and you may find difficulties if there any issues with app
- No research and recommendation provided
Benefits of Alpha Trader App:
- Advanced trading indicators and tools available
- The broker provides monthly brokerage plans
- Client referral program is available
- Online Mutual Fund investing is possible
- SMS and email notification on transaction is provided
#5 5Paisa Mobile App
5Paisa is one of the major stock broker of India and well suited for intraday trading. Their parent company India Infoline (IIFL) is in the brokerage industry for more than 2 decades.
To know more about 5Paisa broker , check out this detailed review
5Paisa mobile app is designed for the traders who trades on go.. It provides all the necessary information about trading. The app is available for Android and Apple iOS.
The app has won the best mobile app for stock market award from Zee Business.
Cons of 5Paisa Mobile App:
- Automatic logging out is observed after 20 minutes
- One can not buy Bonds and NCDs through app
- Some users have reported incorrect share prices
Pros of 5Paisa Mobile App:
- Easy access to LIVE stock market prices
- Investing opportunities in IPOs and OFS
- Advanced widget to watch stocks on home screen.
- Single point notification for stocks and news
#6 Motilal Oswal Trader App
Motilal Oswal is a house hold name in India. They are among the top 10 stock brokers of India. The research reports published by them are widely acknowledged for their quality.
But their brokerage is on higher side as they belong to full service broker category. They provide multiple service apart from trading including insurance, portfolio management services and mutual funds.
To know more about Motilal Oswal, please read this detailed review.
The mobile app from MOSL offers multi asset trading at anytime and from anywhere. The user can trade in various segments like equities, Futures & Options, Commodities, Currencies using the same app on BSE and NSE.
Motilal Oswal Trader App is available for both Android and iOS platforms.
Cons of Motilal Oswal Trader Mobile App:
- Not suited for user with slower internet connection
- Market feeds are updated very slowly sometimes
- UX/UI is not that great and navigation is difficult when compared to competitors
Pros of Motilal Oswal Trader Mobile App:
- Easy to Use app and has many features loaded in it
- The “Robo-Wealth” features provide suggestion for optimum asset allocation based on customer risk appetite.
- App also has the TIP (Target Investment Plan) which helps the investors on where to invest for meeting particular corpus
- The app also has “Trade Guide Signal” which is best suited for intraday traders. This features generates automatic buy/sell signals
- Fund transfer across 65+ banks is possible
Offer : Zero account opening charges and Zero AMC for the first year is being offered by Motilal Oswal. Use below button to avail the offer.
#7 FYERS Markets Mobile App
FYERS Stands for “Focus Your Energy and Reform Self”. They are the Bengaluru based discount broker who started their operations in 2015.
The brokerage structure of FYERS is almost same as that of Zerodha and Upstox. Check out more about FYERS in this detailed review.
The mobile app from FYERS is known as FYERS Market. It is offered free of cost to their customers.
Drawbacks of FYERS Market App:
- Mutual fund investing is not possible through the app
- Depository charges are high
- Portrait mode is not possible in FYERS mobile app
Benefits of FYERS Market App:
- Advanced tool such as Data Analytics tool is provided in the app
- Stock screen is available which is handy for intraday trading
- Possible to simulate options strategies through 43 predefined options strategies
Best Intraday Trading Apps In India – Conclusion
When choosing the app for day trading, major factor which many traders ignore is the customer service. Just don’t choose the app because it looks appealing.
You should get help from the stock broker when you face issue with the app. That is where the customer support is important. He should provide all the assistance at right time.
Zerodha scores above all brokers in terms of customer support.
I have been trading with Zerodha since 2012 and they have helped me whenever I needed any help.
Brokerage charges should never be major deciding factor here. Someone Charges Rs20/trade and another broker Rs10/trade. This is not a huge amount to worry about. This anyway less if we compare the bid/ask spread.
You can open account with any of the brokers that I have listed here. All are very reputed and recognised by SEBI.
But, based on my experience all these years. I can surely say that Zerodha KITE is the best intraday trading app in India.
I can surely recommend it to anyone, be a beginner or a experienced trader at anytime.
