The best online trading platforms
The best online trading platforms play a very important role when it’s about successfully doing online stock trading. This tool of online share trading not only needs to be strong enough but it also needs to be user friendly, accurate, speedy, and easy to be understood and it should also be able to work on a low bandwidth.
The Indian stock brokers have advanced themselves with the best stock trading platforms in the recent years. The stock brokers are now trying to understand the requirements of the clients and constructing the platform which best suits their needs of trading.
As all of us know that online stock trading could be done with the help of either the desktop based stock trading platform or web based stock trading platforms and these days the extremely popular mobile application based stock trading platform.
The functionalities which we’re looking at in the best online trading platforms in India majorly include market watch, advanced charting, quick execution of order, back testing as well as LIVE streaming quotes. Most of these stock brokers let their clients use the stock trading platforms without charging them anything while some of them charges monthly fees for using them.
Zerodha is one of the biggest discount stock brokers in India which has a customer base of 6 lakh plus customers. It is one of the biggest discount stock broker and the 3 biggest stock brokerage houses in the country only after HDFC Securities and ICICI Direct.
When it is about customer assistance, Zerodha is known to offer a very consistent as well as a memorable experience. Mostly, the customer queries are answered directly by CEO of the label or by the experts of this field. Opening an account with the brand is absolutely easy and hassle free. Within just one hour of finishing the application online, the representative would call you for welcoming and would even explain all the initial questions. He would even guide you for reading Z Connect which is an interactive brand blog written by the experts.
Zerodha Support began its contextual creation as well as intelligent search for users, with the general topic users do not have to send the queries for supporting the team. It has reach liberty of the supporting document that could help in resolving lot of issues. The next level solutions for the investors who wish to understand about the transaction or the order details, Zerodha Secure helps the users in reaching the account level.
For Demat, previously Zerodha used to have a tie up with ILFS. But now it has its own Depository Service. Transfer between the trading account and Demat account is extremely seamless when you open Demat account with them. You may trade in F&O, Equity, Currency and commodity on BSE, NSE, MCX-SX and MCX and invest in the mutual fund.
IIFL- India Infoline
The IIFL Group offers a well-diversified model of business which includes credit, finance, wealth management, and asset management, distribution of the financial product, investment banking as well as capital and stock market advisory.
India Infoline or IIFL is a subsidiary of the IIFL Group which has interest in Equity stock broking services to institutional and retail segments. The services are mainly supported by strong in house research team as well as a wonderful client support system. Being a customer of the brand, you would get the award winning service from them and additional benefits such as portfolio analysis, research, relationship manager, advisory, branch support, etc. Through India Infoline you may trade in derivatives, Equity, commodity, currency, mutual fund, IPP and the stock broker would also offer on the site education for beginners.
Sharekhan is based out of Mumbai and has a credible name in stock broking industry. It has a customer base of more than 16 lakh customers and it has its branches in more than 575 cities with more than 2400 franchises and offices throughout India.
It was established in 2000 by the SSKI Group and it became the subsidiary of the BNP Paribas in the year 2016. It is one of the top banks of Europe with international reach. It not just offers the facility of online stock trading in derivatives, equity, commodity and currency having membership of BSE, MCX, NCDEX and NSE, but it even offers financial services like Mutual Fund, PMS, Bonds, IPOs, and research reports, advisory, online education, NRI Services, etc.
Upstox which was also called RKSV Scurities, is considered to be one of the best online trading platforms which specialises in zero brokerage costing model and has a strong customer base. It is backed by the Kalaari Group, Ratan Tata and GVL Davix and it is also the technology first low cost stock brokerage company. The state of the art stock trading platform has been built in house by a team of experts at the head office of Upstox in Mumbai. The investors and traders may use a sophisticated chart tool on the Pro Web of Upstox as well as mobile platforms for analysing the stock markets and for making profits.
ICICI Direct is also one of the best online trading platforms which is quite popular amongst the traders and investors. It is an award winning stock trading platform. The full service stock broker was established in 2000, and by far it has a customer base of 3 million customers. From research to advisory services, ease of usage, active trading, customer service etc. ICIC totally understands what it signifies to offer high quality offerings. With the brans you may be able to invest in Derivatives, Equity, Mutual Fund, Currency Futures, etc. and some other services such as loan, fixed deposits, new pension scheme, etc.
Motilal Oswal, a renowned name in the stock broking industry mainly at the institutional level is also one of the best online trading platforms. It offers online stock trading platform for mobile, smartwatch and web for online stock trading. The web trading platform is the cloud based solutions which helps the users in trading online without actually downloading the executable files.
Angel Broking has 2 main online stock trading platforms. One of the platforms is the mobile trading application. The mobile application has been launched recently by the brand. It has multiple features including:
- Real time movements of the market
- Trading across multiples market segments
- Updates on the top gainers and the losers of the market
- Access ledgers, contract notes, etc.
- Check the holdings, limits and trade reports
Another addition in the list of the best online trading platforms is the mobile and web stock trading app of Fyers which is used by a number of users. It is one of the best online trading platforms and comes with the most advanced charting options like Candle Charts, offers a 360 degrees view of the share market in simple one go and a lot more in the mobile app as well as desktop options.
Some of the features of the tool include:
- Inbuilt analytical tools offering the relevant info which helps the investors in making the right decisions
- The Stock Screener feature which helps you in screening the stocks from various indices and industries
- An extremely heavy weight application as regards the features but is light in weight on the mobile
- Real time advance charts with a smooth access to the scripts in share market
- Get all important indicators for the technical analysis of the shares immediately
With the 5Paisa online stock trading platform, you can trade anytime from anywhere easily and quickly. It is a reliable name in the stock broking industry.
- Manage your trading account
You can easily keep a track of all your holdings, margin as well as the net position along with an in depth order book and trade book
- Multi asset watch list
You may develop your own watch list and also keep a tab of all your investments
- Mutual fund
You may create your own watch list and also keep a tab of all your investments
The next name on our list of the best online trading platforms is Wisdom Capital. It is also one of the most popular stock trading platforms in India.
Well equipped with effective trading features and tools, it’s suitable for the professional traders and investors. With a few notional aspects, some of the key features include:
Connectivity- it hires the NEST desktop. Its stock trading terminal offers continuous connectivity while the market hours and that too without any issues
Order types- it offers the additional order type such as Cover Order, etc. along with CNC, NRML and MIS. The reliability is wonderful
These features make it one of the best online trading platforms in India.