Top Online Trading Platforms in India
The top online trading platforms play a very important role when it is about doing online trading in a successful manner. This tool not only has to be robust but it also needs to be user friendly, accurate, easy to be understood, etc.
The Indian stock brokers have advanced themselves with the best trade platforms in the past few years. The stock brokers who are trying to understand the requirements of their clients and constructing a trading platform which best suits their needs of trading.
Since all of us know that online stock trading could be done with the help of either desktop based stock trading or web based stock trading platform and these days the popular mobile application based trade platforms.
The functionalities that people generally look for in the stock trading platforms include market watch, advanced charts, quick execution of order, LIVE streaming of quotes as well as back testing. Most of the stock brokers permit their clients to employ the stock trading platforms free of cost while some of them charge a monthly fees for using it.
Zerodha with a very unique name as well as meaning, is emerging as one single biggest discount stock broker in the country having a customer base of more than 6 lakh customers. It is one of the largest discount stock broker and 3rd largest stock brokerage house in the country after only HDFC Securities and ICICI Direct.
Zerodha is known to offer a memorable and often consistent experience. Mostly, the customer queries are given by CEO of the brand himself.
Zerodha assistance began with the contextual creation of ticket as well as intelligent search for users with the general topic users don’t have to send their queries to the support team. It has a rich library containing all the support docs that could resolve a lot of issues. The next level solutions for the investors who wish to know about their transactions or order detail, with the new addition to the support family, the users don’t need to send any mail to the helpline.
For Demat, earlier it used to have tie up with ILFS having its own depository participant service. Transfers between the trade account and Demat account is absolutely seamless when you open Demat account. With Zerodha, you may trade on F&O, Equity, Currency and Commodity on BSE, NSE, MCX- SX and MCX and invest in the mutual funds. Unlike the other discount stock brokers, Zerodha has many branches in more than 40 cities in the country.
Now making investment in mutual fund is also absolutely possible with the help of Zerodha. They have recently facilitated the traders for investing in mutual fund through Zerodha Coin. When you would make investment in mutual fund with the brand, you invest in the direct mutual funds for free of cost that gives better returns as compared to the regular investment. It is the very first and the most top online trading platform India which offers Direct Mutual Funds investment facility. Investment options for FPO, IPO, OFS, etc. are also not available with the brand.
IIFL is one of the top online trading platform India. It offers a wide range of diversified model of business which includes credit and finance, wealth management, asset management, capital and financial market advisory system, distribution of financial products as well as investment banking.
India Info line Ltd and IIFL is a subsidiary of IIFL group having a lot of interest in equity stock broking services to retail and institutional segments. The services are assisted by effective in house research and development team and wonderful customer assistance system. IIFL offers facility for the Equity SIP through which the customers may place the orders for the pre specified amount in the scripts at regular interval over sometime.
IIFL which is one of the top online trading platforms in India offers the facility of Equity SIP or Equity Systematic Investment plans that the customers may place purchase orders for the pre specified amount in terms of scripts of their choices at the regular intervals over sometime. Similar facilities are also available in mutual fund as well as commodity. More info on IIFL Equity Systematic Investment Plan could be seen on the site of IIFL. The stock broker is the registered member of BSE and NSE. For the Demat account, it is the depository participant with CDSL as well as NSDL. This Depository Participant account could be linked directly with the web account of the customers.
The network of more than 2500 business location spread across 850+ cities and towns is an advantage for you as traders for approaching them for fulfilling the stock trading needs of the customers. The customer care services of IIFL is average that is offered over email as well as phone for technical grievances and queries.
It began its discount stock brokerage business in the year 2014 by the name of “IIFL Online Investor”. But recently they closed that particular business. Now it is offering just full stock broking services.
Share khan is also one of top online trading platforms in India. It is a Mumbai based stock broker having a reputable name in stock brokerage industry with a customer base of more than 16 lakh customers and having its presence in more than 575 cities and more than 2400 offices as well as franchises throughout India.
It was introduced in 2000 and became a subsidiary of the BNP Paribas Group in the year 2016. It is a top bank in the whole of Europe with its reach internationally. It not just offers trading facilities in derivatives, equity, commodity and currency having its membership with BSE, NSE, MCX, NCDEX, etc. It also offers financial services like investment in Mutual Funds, PMS, bonds and IPOs.
To begin E trading with the brand, you will have to open stock trading account and a Demat account with the brand.
Sharekhan also offers online education in options, equity as well as commodity through its online stock trading academy. Sharekhan Classroom provides free of cost web based education and training for understanding basis of trade.
Being one of the top online trading platforms, Sharekhan offers multiple PMS (Portfolio Management Schemes significantly for the HNI customers. PMS ProPrine mainly aims at the long- term investors who focus on the steady returns and PMS ProTech mainly focuses on the absolute returns in the capital and financial market.
Sharekhan’s mutual; funds services are exceptional as well as comprehensive. Since it is one of the top online trading platform India, it offers paperless mutual funds account facility known as Instant MF A/C. Their ROBO Advisory tool called NEO analyses the financial goals as well as risk profile of the customers. On the basis of that it offers suggestions on investment. Sharekhan offers research based capital and financial advice which is available on phone as well as their website. Research for the investors, traders and mutual fund are visible onsite. You may even get intraday calls, Smart charting calls, momentum calls, fundamental calls, etc. from the toll free number.
It has a state of art top online trading platforms in India which are fully packed with strong features for making trading a convenient experience. It is the execution based online stock trading platform for trading in derivatives, stocks, currency, etc. The website of the brand fulfils all the investment and trading needs of the customers. The Share khan App provides app based stock trading through mobile. Upstox
Another one of the top online trading platforms, Upstox is the top discount stock broking companies specialising in zero stock brokerage costing model. It mainly focuses on training and education of the people about financial markets and the right way of earning profit. The educational wing of the brand, Trade Academy, has been offering online classes for training the aspirants throughout the country as well as abroad about the basics of the share markets, strategies of options trading, etc. Trade Academy is free of cost and offers premium courses online.
For the online stock brokers such as Upstox, offering a decent customer support service its quite important to maintain as well as retain its customers. It would never disappoint you with its customer service.
Upstox pro, which is the stock trading software is available for web version as well as mobile.
The most popular brand ICICIDirect is an award winning retail stock trading platform offered by ICICI. It is the brand which every investor knows about. The full service stock broker was introduced in 2000 and by far it has maintained a customer base of 3 million customers. From research to advisory services, customer service, active trading, ease of usage, derivatives, equity, mutual funds, currency futures, etc. along with the other services such as Tax services, Fixed Deposits, Insurance and the new Pension scheme.
For facilitating trading with ICICI Direct has a unique 3 in 1 account that integrates the savings of the customers, demat and trading accounts. The comprehensive research info, stock picks as well as mutual funds recommendations are the other useful services offered by ICICI Direct to the clients.