If you are someone who is looking for Best online trading platform in India for intraday trading as well as investing than you should check this 5 Best stock brokers trading platform review and comparison. These stock brokers online trading platform have best advanced tools for technical and fundamental analysis and other resources which is not available with any other stock brokers in India.
Moreover, you will not only know who are the best online trading platforms in India in 2021, but the more important question is Why they are the best?
I would also like to tell you as an trader or investor that below online trading platform ranking is being done keeping in all kind of platforms, i.e.
- Online Desktop Trading Platforms (Downloadable versions)
- Online Web Trading Platforms (Browser based)
- Online Mobile App Trading Platforms (Mobile App)
Another point which was kept in mind while ranking is not only intraday trading but the overall investing feature’s as well.
The most important factor to consider before opening an account with any broker is trading tools and software’s it has to offers to its clients. In India where there are more than 320 stock brokers, it is next to impossible for you to open an trading/demat account with everyone and check which brokers offers the best trading platform.
Therefore this review will give you the answer and guide you before you chooses the worst one. Yes, there are many online trading platforms which is worst, beginners in stock market chose them without knowing complete details.
If you have the best online trading platform than most of your trading and investing related issues get resolved automatically otherwise you might need to call the broker every now and than and face unnecessary hurdles .
Just to let you know I have account with all this brokers which I am about to review, and based on their trading platform performance this post has been created. As I do not believe in giving just information without facts and facts can only be found if you have the experience of anything.
So, without further letting you wait let’s check the 5 Best online trading platforms in India and find out why they are best than any other. Also keep in mind, there is not one individual factor which makes them rank at top 5 online trading platforms in India, but it is a combination of various factors which have been explained in detail below.
List of 5 Best Online Trading Platform In India:
Moneycontain list of 5 best online trading platform in India include based on desktop, web and Mobile App version:
- Zerodha PI/Kite App Online Trading Platform
- Upstox Foxtrader/Pro App Online Trading Platform
- Fyers One/Market App Online Trading Platform
- ICICIdirect Trade Racer/App Online Trading Platform
- 5Paisa Trade Station/App Online Trading Platform
|Stock Broker||Overall Rating||Trading Platform||Open Account Now|
|Zerodha||9.3||Zerodha PI/Kite Web/Kite Mobile||Open Account Here|
|Upstox||9.1||Upstox NEST/Dartstock/Foxtrader/ PRO WEB/ Pro Mobile||Open Free Account Here|
|ICICIDirect||8.6||ICICIDirect Trade Racer/Web/Mobile app||Open Free Account Here|
|5Paisa||8.9||5Paisa trade station EXE/Web/Mobile trading App||Open Free Account Here|
|Fyers||8.8||Fyers One/WEB/Markets Mobile App||Open Free Account Here|
As you can see in the image above, there may be a element of surprise for you seeing Fyers. Even I was amazed with great tools and resources on their trading platform specially the web and downloadable version.
The user interface is so clean and up to the mark, you can easily know which icon will do what, as the moment you will hover to any it will tell you the functionality of it.
The above list of best trading platform overall rating has been done taking aggregate for all types of platform (downloadable/web/mobile).
You can read the complete review and comparison of these best individual stock brokers here.
Now that you know the list of best online trading platforms in India, let us know what you can expect from them.
Some of the Key Features of these best online trading platforms include:
- Universal search tool to find simple and complex stocks.
- Access to NSE/BSE cash, Futures and Options, commodities and Currencies scrips
- Cutting-edge charting tools that are above industry standards
- Japanese Candlestick 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
- Checkout Fundamentals of company such as Balance Sheet, Profit/loss statement, P/E, P/B ratio, Results etc.
- Set unlimited number of price alerts for instant updates
- Option chain, Option Greek Calculator, Option Moneyness, Option Scholes Calculator etc.
- Create unlimited number of customized watchlists
- Receive real-time market feeds to stay on top of your scrips
- Access predefined watch-list of Nifty 50, FINNifty and other indices
- Biometric (fingerprint and Face ID – iOS) 2FA for seamless logins and better security
- Invest in ETF’s, Gold, SIP’s in Mutual Funds, NPS, ELSS Funds, FD, RD and lot more options such as smallcase, loans, health insurance etc..
Above points are very limited therefore let us checkout the individual trading platform of these stock brokers and see what kind of features to expect one by one.
Upstox Nest/Dartstock/Foxtrader Online Trading Platform (Desktop Version):
Upstox have partnered with three major desktop based trading platform apart from one browser/web based and mobile based platform:
If we talk about the desktop based trading platform at upstox unlike other stockbrokers who only either have a dedicated platform built in-house or partnered with others, Upstox offers it clients 3 desktop based platforms free.
- NEST Trader
All of them offers different functionalities, tools, resources however it won’t be possible to discuss all of them as the post will be become unnecessary long, instead will see the features in brief of Upstox Dartstock online trading platform and what to expect from them.
Upstox has partnered with iDarts to offer you the Dartstock software for free, it offers valuable features and insights that you won’t find it with any other broker, few of them are listed below:
Scanners: It comes with four predefined scanners which are:
- Trend scanners
- Live scanners
- Open vs. high/low
- Opportunity finders
These scanners help you set particular criteria and find the right stocks that meet your criteria.
Scans markets for trades with filters depending on Quantity, Traded Value, Index, Sector or personalized watchlist group. Scans markets for scrips in Equity & Futures segments. Highs & Lows of the day, 1 week, 2 weeks, 1 month, 1 year.
Spots trends when market is in Bullish Zone or a Bear Zone. you can also tracks changes in Open Interest in any particular scrip or whole index.
Scans market to find scrips that fit the criteria of three that include PE Ratio, Market Cap, Traded Volume, Turnover, 1 year return etc. Scans markets for trades with filters depending on Quantity, Traded Value, Index, Sector or personalized watchlist group.
Check out Futures % Spreads between Near & Spot, Near & Next, Next & Spot. Shows volumes for all equity scrips in the watchlist. Shows % roll over for all equity scrips in the watchlist. One can also create scrips breaching Resistance or Support levels automatically. Also create special watchlist for those scrips with exceptionally high traded volume.
One can also create scrips that have recovered most from a low and those that have fallen most from an intraday high. Overall the Dartstock desktop based trading platform offered by upstox is a great platform and has all components one may need for effective trading and investing.
You can also run fully automate strategies on charts & scanners. Generate planned and fast orders with the help of API from any third party such as Ninjatrader or Amibroker etc.
FYERS ONE Online Trading Platform (Desktop Version):
First of let me tell you this image in taken directly from trading terminal. Leaving aside that, I was amazed with great tools and resources this desktop based platform has.
The user interface is so clean and up to the mark, you can easily know which icon will do what, as the moment you will hover to any it will tell you the functionality of it.
As you can see all the major indices are already mentioned in the top, so you no need to create a separate watch-list for them. Create a new watch-list or use pre-made watch-list easily.
Using fyers advanced “Heat Map, Market Dynamics, and Index Meter.” During the rush hours, this can be your savior and reduce the time taken to track market movements to virtually zero. It can elevate your trading experience to a whole new level.
With a click know top gainers and looser in any segment or indices.
This a very unique tool given by fyers, as you can in the image below its called flash data, you can know the latest bulk/block deal happening. Moreover check how the recent IPO performing in the market, latest board meeting of any company .
If you are option and futures trader fyers one desktop platform have all the option calculator or option chain with open interest.
You can also know the option gainers and loser list just by a click. Select any segment NSE, MCX.
What is most important for a trader or investor is the technical analysis tools and resources in any trading platform.
You can directly transfer or add funds to your trading account from platform. There are many more tools and service inbuilt with fyers one, which I cannot explain otherwise the post would be so long.
So all in all fyers one trading platform have every trading tools required by any trader or investor. To open a free trading/demat account click on this link and complete registration process within minutes.
Zerodha PI Online Trading Platform (Desktop Version):
Zerodha was the one who brought the much needed significant change in the online technology. With these changes now anyone can open an account online as well as place the trades with in seconds through mobile, laptop, tablet etc.
Zerodha Pi is one of the first desktop based trading platform offered by zerodha and has all the functionalities needed. Below image is the real time captured image of the platform from my account, when market was opened.
As, you can see in the above image, you can add more than 50 scrip at once in watch-list to keep a track of any stock movement. Software shows you the latest price of any stock you have added, with total no. of buyers, sellers latest Ask and Bid price, total volume, net change in scrip, open, high, previous close .
If you right click on any stock it will give you all the option to place type of orders like BO,CO, AMO, Normal orders. You can check your current position, if any orders you have placed will be shown there.
You can place chart for the stock and do your technical analysis and lot more. There are shortcut key shown in case you want to use it. You can choose from 1 minute chart to up to day chart and can see charts for up to 60 months(5 years).
The most important part of any trading platform is the tools and resources it has to technical analysis. Zerodha PI has all the indicators and types of chart required to make it possible.
You name the indicator and it will be there, so all in all zerodha PI has everything what is needed for a hassle-free trading platform. You can add- withdraw funds directly, create or back-test trading strategies and lot more with Zerodha PI online trading platform.
ICICIDirect Trader Racer Online Trading Platform (Desktop Version):
ICICIDirect have three trading platforms
- Web based trading platform : Trade Racer web
- Desktop based trading platform : Trade Racer
- Mobile trading platform: ICICI Direct mobile
Trade racer web as well as the downloadable software have similar functionalities. Let us know more about them:
Seamless convenience with Market Scanners, spot real time trading opportunity conveniently by customizing your preferred technical parameters.
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 is tool which tracks New Highs and New Lows for Stocks with Price Movement.
Live Scanner 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
Take Complete control with Market Tracker
Now spot real time trading opportunity conveniently by customizing your preferred technical parameters.
Snap View gives a complete picture for any scrip with following information.
- Quote/Market Depth
- Pivot Levels (Resistances & support level)
- Peer Group
- Bulk and Block Deals
- Gross Delivery data
- Corporate Announcements
Market at fingertips
Equity @ finger tips is a flexible tool which would fetch the scrips on the basis of following predefined search :
|Sr. No.||Predefined Search|
|1.||Stocks with high price momentum|
|3.||Highest – yielding Stocks in Sensex|
|4.||Poor Man’s Stocks|
|6.||Estimated Earnings Upgrade/Downgrade|
|8.||Year’s Top Performers|
|9.||Top Tech Companies|
|10.||Top Revenue Companies|
|11.||Top Profitable Companies|
|12.||Medium and Large Cap Stocks with high dividend yield but low P/E ratios.|
Bulk deals refers to transactions where the total quantity traded in a stock ( whether bought or sold) is more than 0.5% of the number of equity shares of the company listed on the stock exchange. The quantity bought or sold could be through single trade or multiple trades.
Block deals is a trade with a minimum quantity of 500,000 shares or minimum value of Rs. 5 crores, executed through a single transaction on a special “Block Deal Window” The window is opened for 35 minutes in the morning trading hours. SEBI rule states that block deal orders should be placed for a price not exceeding +1 percent to -1 percent of the previous day’s closing or the current market price.
Advance Decline ratio
Advance Decline ratio is market-breadth indicator used in technical analysis to compare the number of stocks that are trading positive with the number of stocks that are trading negative with respect to their previous day’s closing prices.
This widget shows the Advance-Decline Ratio for all NSE & BSE Indices. It shows a color coded bar in which Blue depicts Advances, Red depicts Declines and Grey Depicts No change.
Heat Map is a Tabular representation of stocks for a Group/Index in ascending order of their price movement with respect to yesterday’s closing price. The table is color coded where the negative stocks are displayed in Red background and positive stocks are displayed in Blue Background.
Moving Averages means the average price of a security over a specified time period. The most commonly used are 3, 5, 13, 20, 50, 100, 200 days.
Moving Averages are used in order to spot pricing trends by flattering on large fluctuations. This is perhaps the most commonly used variable in technical analysis. Its data is also used to create charts that show whether a stock’s price is trending up or down.
It keeps your informed about Major American, European and Asian Market Indices.
Gross delivery of shares is the ratio of deliverable quantity of shares to the total quantity of shares traded in the exchange on that trading day.
Deliverable Quantity (gross across client level) : 2,556
% of Deliverable Quantity to Traded Quantity : 58.48 %
ICICI Direct is much better for people who not only do intraday trade but make other investments, such as investment in US markets or ELSS, PPF, SIP’s, FD, RD, ETF’s etc., or looking for Loans or credit cards, Insurance etc.
Moreover, you can get research reports related to stock market, stock recommendation, IPO/NFO reports and much more, There are so many things you can do with ICICIDirect at one place which is not at all possible with any other stock broker mentioned above.
So, go ahead and open an free trading/demat account now. There is no better deal you can get apart from ICICIDirect as an full-time broker.
5Paisa Trade Station EXE Online Trading Platform (Desktop Version):
You can download the trade station as its is downloadable exe file on your computer or laptop and can use it by entering your client-id and password.
The file size is very low (7MB) so nothing to worry about the size. Once you logged you can create watch-list by adding different stocks from the top.
Above is original image I have taken from my trade station EXE, If you right click on any stock it will give all the option to place trades, buy or sell, chart, market depth, tick list etc.
Let us see how chart shows in this trading platform and what kind of tools and resources are there for doing technical analysis.
You can use different chart pattern and most used candlestick charts with all the indicators you want. Whether you want 1 min,1 hour, or 1 day chart all will be available. You can buy or sell directly from the charts as well.
The most important part of any trading platform is the tools and resources it has to do technical analysis. Trade station EXE has it all.
My Opinion on Best Online Trading Platform In India:
As we have already compared the 5 best online trading platforms in India now it is up to you to decide which ones suits your need.
What I mean is, if you are someone who does not have time and stay in office or do your business, you can only use your mobile than go with either Upstox, ICICIDirect or 5Paisa to Open an trading and Demat account as they are best in giving free market reports, stock recommendation etc. as well as they have all sort of services like invest in mutual fund, buy insurance, buying gold, take loan, advisory, insurance, Banking services etc.
On the other hand if you are intraday trader who from morning till markets are closed stay in front of your laptop/desktop can go with Zerodha or fyers to open an account online.
To open an account of your choice, click on the link below and do simple online and hassle-free paperless process within minutes.
To Open an Account with Upstox click here.
To Open an Account with 5Paisa click here.
To Open an Account with ICICIdirect click here.
To Open an Account with Fyers click here.
To Open an Account with Zerodha click here.
In case you want to know how much you need to save every month to reach your financial goals check out Moneycontain Monthly SIP Calculator with inflation here.
Do you know the concept of present value of your future money, if not then you should.
Just like 100 rupees in your pocket today will not have value of 100 rupees after 5 years, similarly 100 rupees you receive in future, invested today won’t have the same value. 🤔Confused??
If you have to analyze, what would be the value of money that you have today sometime in the future, then you need to move the ‘money today’ through the future i.e. future value of that money.
This is a much read from my end to better understand the flow of money.
If you are looking for making an FD fixed deposit than do check best banks in India with Highest FD returns and calculate the value of your FD Moneycontain free FD calculator with inflation.
If you are a beginner I would also advise you to read this ultimate guide for clearing your basics about stock market.
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Note: Please do your own research and make investment. Moneycontain will not be responsible for any of your losses at all. The point made is for educational purpose only and intended to give information. All investments are subject to risks, which should be considered prior to making any investments.
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