Best Online Trading Platforms in India - Review of Share Brokers
|August 29, 2016|Industry Updates, Stock Broking Latest, Trading|
Trading using Online Trading Platforms in India has now become a popular trend. Although a big chunk of traders still prefer to trade with the help of their stock broking houses or local sub-brokers, but off-late there has been a major shift towards self help. The new age traders want to handle things on their own with an eye blinking transaction speed & convenience, especially if you are a day trader where things move in micro-seconds. To match up to that speed, trading companies are coming up with high speed, hyper intelligent Online Trading Platforms both in desktop & mobile versions.
Check out this detailed Video on Top Trading platforms in India:
Full Service Stock Brokers – Online Trading Platforms
Trade Racer is one of the prominent Online Trading platforms which provides you with Live streaming quotes & Research Calls, integrated fund transfer system along with multiple watch list facility. Power-packed with new features, Trade Racer gives you the power to identify market opportunities while enjoying the attractive new look and feel of the trading terminal unlike conventional trading platforms.
Here are the demo videos in English & Hindi of the trading platform:
Here are some of the top features of the trading platform:
Trend Scanner – Easily view all trending scrips in a single window
Trend Scanner is tool based on pre-defined Technical parameters, which tracks Intra-day Price Movement for finding Trending Scrips.
- Pivot : Based on Pivot levels
Live Scanner – Instantly identify stocks making new highs / lows
Live Scanner is tool which tracks New Highs and New Lows for Stocks with Price Movement. It helps you to identify Scrips making :
- New Day High/Low
- New Weekly High/Low
- New 1 Month High/Low
- New 3 Month High/Low
- New 1 Year High/Low
Some of the other features include:
- User-friendly customization with latest design
- Easy accessibility using Icon Bar
- Use multiple functions with Symbol Bar
- Predefined Dashboards
- Customisable Grid Layout
- Personalized color combination with trendy look and feel
Check out the demo of Trader Racer here. You can also download the software from here.Get a Call Back from ICICI Bank
IIFL (India InfoLine)
India Info Line or IIFL is a holding company of the IIFL group. IIFL has global presence with offices in London, New York, Geneva, Mumbai, Hong Kong, Dubai, Singapore and Mauritius. For Indian share trading users, IIFL offers couple of online trading platforms – Trader terminal in Desktop as well as mobile versions.
Trader Terminal (Desktop):
The desktop version of Trader terminal comes with the following unique feature set:
- Unique design for better speed & performance
- Real time market updates
- Confirmed & Fast Order execution
- Secured single sign on authentication
- Easy to use user interface
You can download the desktop version of Trader Terminal from here. Here is the demo video:
Trader Terminal (for Mobile):
- The trader terminal mobile version has been a recent addition to the online trading platforms offered by IIFL and is loaded with the following features:
- Trader terminal or TT Mobile is a robust Mobile platform that freely allows traders to trade on the move.
- Users can Sign in through the secure Log In using their existing IIFL credentials.
- The pages that follow on your screen have been specifically designed keeping in mind your convenience and time.
- Users will get access to Market watch, Buy / Sell links and easy to view pages displaying the status of your orders and trades placed.
IIFL TT Mobile can be launched from here.
ShareKhan is an old name in the Indian share trading circuit. It has always come up with different innovations that have changed the dynamics of the Indian share trading industry. In the name of Online Trading Platforms, Sharekhan offers Trade Tiger, a high speed online trading platform. Trade Tiger is known for the following features:
Access of all trading calls from ShareKhan’s technical desk, fundamental research reports
- Customize advanced charts and see the information the way it suits your needs
- Market quotes streamed at micro-seconds level. You will not miss even a bit of information
- Trade across BSE & NSE and find opportunities to buy & sell
- Graph Studies include Average, Band-Bollinger, Know SureThing, MACD etc
- Multiple Charts with Tick by Tick Intraday and End of Day Charting powered with various Studies
- Advanced features such as OAlert, Chart-book, Heat-map, trade from charts & many more.
Trade Tiger comes in 2 versions – Basic and Advanced. Find detailed information here. Check out the demo video here:Get Free Call Back From Sharekhan
Motilal Oswal is a renowned name in Share broking Industry in India, primarily at Institutional level. Motilal Oswal provides Online Trading Platforms for web, mobile and smart watch as well for Online Share trading.
Motilal Oswal’s Web Trading Platform is a cloud based solution that allows you to trade online without downloading an executable file. Some of the key features of the web solution are:
Order form with Market Depth
Simple order form across asset classes with integrated market depth and advanced charts to help you get all the relevant data before placing an order.
Integrated Market Information
- Users can get extensive market information like gainers/losers, most active stocks, top events, news and much more across asset classes integrated in this online share trading portal.
- Trading tools such as Option Writer, Trade Guide Signal, Portfolio Optimizer, Spread Trading etc. to help you make the right decision
Some other features include:
- One view access to all trading reports
- Portfolio page
- Recommendations across asset classes
- Multi-asset customized watch list
- Mutual funds overview
Find the demo video here:
Motilal Oswal Smart Watch App
The Motilal Oswal smart watch App is a quick and convenient way for you to stay on top of all vital information associated with your investments while you are looking for Online share trading. This app provides notifications and alerts on latest market statistics, positions/limits updates, real-time trading alerts when you’re on the move.
Some of its key features include:
- Get instant notifications on all important market update
- Know your portfolio’s net worth across asset classes
- Check your margin in both cash & commodities segment
- Know your mark to market & open positions
- Get instant info on global indices, market top gainers & losers
The Android version can be downloaded from here while iOS from here. The smart watch demo video is here:
Motilal Oswal Mobile Trading App
MOSL also allows you to trade via their mobile app as one of its Online trading platforms. This app works on both Mobile as well tablet. Some of the USPs of this mobile app include:
- Super-Fast trading across Equities, Derivatives, Commodities, Currencies,investment in Mutual Funds & IPOs
- Operational Ease – Transfer funds through 50+ banks, Access your reports anytime anywhere
- Multi-Asset Watch lists with real-time quotes & advanced charts
- Quick and convenient , one-time login feature along with a secured trading experience
- Ability to get recommendations across asset classes at your fingertips
This app comes with a lot of features that differentiate it from other Online Trading Platforms:
- 1-step trade authentication
- Trading allowed across all asset classes
- live market streaming
- Recommendations at finger tips
- Personalized watch list
You can download different versions of the app from different stores:
Here is the mobile app demo video:Get a Call Back from Motilal Oswal
Angel broking offers 2 major online trading platforms:
Angel Broking App
It is a mobile app recently launched by Angel Broking. This app has multiple features such as:
- Trading across different market segments
- Real time Market movements
- Updates on top market gainers & losers
- Check trade reports, holdings & limits
- Access Contract notes, Ledgers etc
- Here are a screenshot of the Angel Broking mobile app:
The Android & iOS versions of these Online Trading Platforms can be downloaded from the respective stores.
Angel Eye is a desktop variation of online trading platforms from Angel Broking. Angel Broking has been updating the platform and has recently launched the latest version available here. Angel Eye comes with multiple features such as:
- Manage & track your portfolio
- Get automatic updates on your transactions
- Trade in stocks, currency, commodities; invest in mutual funds
- Get latest market information with comprehensive research reports & charts
- Manage your family’s wealth with the same login credentials
Here are some of the screenshots of the trading platform
Angel Speed Pro
There is another platform offered by Angel Broking called Angel Speed Pro. Speed Pro is an executable file that can be downloaded on user’s machine. It comes with the following features:
- Real time rate updates
- Advance charts
- Portfolio details
- Online Mutual Fund application
- Integrated news flash & research reports
Angel Speed Pro is explained in length in this demo video here:Open Account with Angel Broking
Discount Stock Brokers – Online Trading Platforms
Zerodha is a recent entrant in the Indian sharing trading ecosystem and works on a discount broking model. Zerodha offers multiple online trading platforms both for desktop & mobile users.
Kite comes up with minimalist, intuitive, responsive, light, yet powerful web and mobile online trading platforms. This trading platform is multi-lingual and is available in languages such as English, Hindi, Kannada, Telugu, Tamil, Malayalam, Marathi, Bengali, Gujrati and Punjabi.
Kite comes with the following features:
- Bandwidth consumption of less than 0.5 Kbps for a full market-watch, extensive charting with over 100 indicators and 6 chart types, advanced order types like Brackets and cover, millisecond order placements, and more.
- Used by over 70,000 clients and serving over 5 million requests a day with no hiccups.
- Multilingual trading
- Over 100 indicators, 6 different chart types, 19 drawing tools, and popout as many charts at a time.
Kite web can be accessed from here. Also check out the demo video here:
Zerodha Kite mobile:
Zerodha’s flagship version of online trading platforms i.e. Kite Web is available as a Mobile app!
It charges ₹0 brokerage for investments and flat ₹20 for F&O trading & comes woth Clean & intuitive UI, super fast and super light back-end for all your investment and trading needs.
- One-tap universal instrument search for all contracts across all exchanges — NSE, BSE, MCX
- Live streaming data
- Multiple market-watch and live market depths
- Advanced chart with 100+ indicators
- Years worth of free historical chart data
- Trade Equities, F&O, Commodities, Currency
- Various order types: Regular, AMO, BO (Bracket orders), CO (Cover orders)
You can download the iOS & Android apps from respective stores.Open Account with Zerodha
Another addition to online trading platforms is Fyers’ web & mobile trading app. This trading platform comes with advanced charting options such as Candle charts, provides a 360 degree view of the market in one go and many more in both desktop and mobile app options.
Lets talk about the mobile app first. The Mobile trading app from Fyers is one of the advanced online trading platforms. Here are some of its features:
- Inbuilt Analytical tool providing relevant information on the go that helps you to take decisions right away.
- “Stock screener” feature that helps you to screen stocks from different industries and indices.
- A heavy weight app in terms of features but comes at a very light weight on your mobile.
- Real time advanced charts with smooth access to all scripts in the stock market
- Get all the important indicators for technical analysis of stocks, right away.
You can download the android version of the app here. Some of the important aspects of the mobile app are:
- Size: 14 MB
- Latest version: 1.0.4
Similarly, Fyers also offers a Fyers’ One which is an exceptional trading terminal offering unique value to fundamental investors as well as intra-day traders. It comes with loaded features such as:
- Flexible work-spaces: 10 intuitive and uniquely styled customizable work-spaces. You also have watch lists set by sectors, indices, derivatives and user defined settings.
- Advanced EOD Reports: No more number crunching after the market hours. Find all EOD reports and analysis at your fingertips.
- Portfolio Simulation: helps track all your equity investments in one place and to build a simulated portfolio to learn without having to pay any tuition fees to the market.
- Access to rich data: get the world market data on equity indices, commodities, currencies and ADRs.
It works pretty smoothly as well, here is the demo video for your reference:Get a Call Back from Fyers
Upstox is a discount broking trading platform from the house of RKSV. It boosts to be one of the lightest & fastest online trading forms in the industry. Some of the top features include:
- Simple intuitive user interface to help you get wherever you want to go quickly
- Get real time quotes which is based on advanced socket technology. This helps to increase or decrease the speed of updates based on your mobile’s internet connectivity
- Receive instant notifications on price and trade alerts at all the times.
- Transfer money across 40 national banks instantaneously using the mobile app
Upstox works smoothly & consistently across the different variants of the software i.e. mobile, tablet and desktop.
Find the details here:
The mobile app provides the following value additions:
- Get real time news directly to your phone on the go to stay updated with market fluctuations
- Receive price alert notifications when stocks trigger your custom conditions
- Reconnect feature allows the app to connect seamlessly without requiring multiple authorization
The mobile app has the following attributes:
- Android App Size: 12 MB
- Android compatibility: Version 4.1 & above
- iOS Size: 63 MB
- iOS compatibility: Version 1.0.6
You can download the iOS & Android versions of the mobile app from the respective links.
The web app comes with the features such as:
- Blazing Fast Quotes
- Functional charts plotted over 90 indicators & drawings
- Smooth User interface helps you focus on market updates without any distractions
- Here are some the screenshots of the web app UI:
Upstox has a desktop version of trading app as well which is loaded with the following features:
- Customizable interface
- Low latency and enterprise level stability
- Multi Monitor support
- Advanced Charting
- Advanced Order Types
- Mouse and keyboard friendly
Check out the Upstox demo video below:
These days every broker markets its broking platform as the best in the market with top speed and finest of accuracy. Which of these Online Trading Platforms you use or would like to use? Write your thoughts in the comments section below to help other fellow readers.
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