Are you looking for which is the best trading platform in India? Than you should check this post as it contains all the relevant information you should know before opening the trading or Demat account with any stock broker.
In India there are more than 300 stock brokers, it is impossible for you to open an account with everyone and check which brokers offers the best trading platform. But no need to worry I am not going to confuse you by telling 10 best stock trading platform you should know.
The more choices you see the more confusion it creates, that is why I have hand picked top 3 best trading platform in India, which have all the necessary requirement as a trader or investor one need.
If you have the best trading platform than most of your trading related issues get resolved automatically otherwise you might need to call the broker every now and than.
Just to let you know I have account with all this three brokers which I am about to review and it is based on their trading platform in hand experience. 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 top stock broker trading platforms available in India. As need to tell you the most important aspects of their trading platform the post will be little long, you can switch from the table of contents below to the relevant info you are looking.
Best Trading Platform In India Desktop Based:
Desktop platforms are those which can be downloaded on your laptop/PC, They are convenient, easy to use and one click login. If you are serious about trading and investing than you should use them, as they offers various technical and fundamental analysis tools, indicators etc.
If you ask me which is best 3 desktop based trading platform? My ranking will go Like This:
- Fyers One Trading Platform
- Zerodha Pi Trading Platform
- 5Paisa Trade Station EXE Trading Platform
Don’t worry their file sizes are very low less than 15 MB, gets quickly downloaded and easy to do the setup. Let us know more about them and why they are the top 3 desktop based trading platforms in India.
You might be thinking why Fyers on the top of my list for best desktop trading platform in India in comparison to Zerodha or 5Paisa. Check below to know the reason.
FYERS ONE Desktop Trading Platform:
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.
Zerodha PI Desktop Based Trading Platform:
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.
5Paisa Trade Station EXE Desktop Trading Platform:
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.
As you can see while comparing the desktop based trading platform for Fyers vs Zerodha vs 5Paisa, Fyers top the rank as it give additional resources and tools which makes a life easier for the trader or investor.
Although facilities like charting, indicators, drawing, buying and selling from the chart are available in all.
If we talk about the types of orders for Fyers, zerodha and 5Paisa you will have all kind of orders types like
- Normal orders
- Cover Orders
- Bracket Orders
- After Market Orders (AMO)
Let u now move to the web based or browser based trading platform and see who is ahead in the game.
Best Trading Platform In India Web/Browser Based:
Web or say browser based trading platform are those which can be opened on any web browser you use. Just like a website but with all the tools and resources needed for placing trades and doing research.
You just need to enter your client Id given to you by your broker and Password created by you.
If you ask me who has the Best Web Based Trading Platform, I will rank them in this way:
- Zerodha Kite Web
- 5Paisa Trade Station Web
- Fyers Web
Let see why I rank them in this way by analyzing their web based trading platforms:
Zerodha Kite Web Based Trading Platform:
All zerodha trading platform are very secured, because of its 2 factor authentication, you need to enter the password and than a 6 digit pin to login. Once logged in you will see this page:
On left hand you will see the market watch, from here you can add or delete the scrips. When you move and hover over any stock it will give you different option like charts, market depth, buy sell order and many more.
Below image shows when you click on to know the market depth, (just to let you only zerodha as of now have the facility for level 3 data), what it means, the market depth that you will see have more depth, usually most other brokers will show only 5 best bids but zerodha shows 20 data for buy and sell orders.
Charting tools and resources on Kite:
Doing technical analysis at zerodha is a blessing, with all the necessary tool and free resources available at one place, one can create, back-test & deploy whatever strategy they want.
Zerodha gives Trading View charts along with ChartIQ on both web and mobile application.
With zerodha kite platform you get the maximum no. of indicators you want in life. They are just one click away.
You can display and use any type of chart with different candlestick patterns
You can also draw trend-lines, Fibonacci arc, cross-line on the chart itself.
Apart from this zerodha in partner with other financial tech companies provide many other services which are built on these apps, let see know in brief about all of them.
Zerodha in association with ticker tape gives you complete package of doing fundamental analysis of any stocks. This is inbuilt with zerodha kite web and mobile application.
You just need to click on any stock and than click on fundamentals, this is how it appears:
As, you can see, in above image of SBI bank, you can see all the fundamental with charts and data points, this can be great if you want to invest for long term.
Zerodha partnered with streak to give you access to all the technical parts, with help of streak you can create different strategies back-test them and deploy the automatically. No need to do the manual technical analysis anymore.
Zerodha and Refinitiv combination provides the platform for StockReports+ , it is a comprehensive stock, market, and industry research and analysis from Thomson Reuters for 3000+ Indian stocks, updated daily. You can get access to all the research related info for any stocks.
Sentinel is a tool which gives real-time market alerts for all 90,000+ stocks, bonds, commodities, F&O contracts, and currencies across exchanges on OHLC, bids, and offers, and more, in addition to the price.
You can create basic alerts based on attributes such as price, trade quantity, volume, and open interest. You can also create advanced alerts that combine multiple conditions using simple, easy-to-use arithmetic or even date operators.
smallcases are baskets of stocks & ETFs that help you build a low-cost, long term diversified portfolio. Zerodha in association with smallcase helps investors to pick pre-build well researched portfolio.
So instead of doing research by themselves and looking for information here and there they can directly invest.
Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros. Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.
Sensibull was founded with the absurdly impossible vision of making the small guy win against the big guy in financial markets.
As far as I know no other brokers in India offers these many services within one account. This is what make zerodha ahead of his competitors.
5Paisa Trade Station Web Based Trading Platform:
5Paisa Trade station web is a browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed.
This is better than the downloadable version with great user interface and DIY(do it yourself) functions.
Create you market watch-list or predefined market watch , nifty50 all stock list are also available in one watch-list so need to add them separately.
Create your strategy by using infinite no. of tools, all best indicators with different candlestick chart patterns are available. Just drag and drop to apply them.
There is a separate option given to check the market analytics whether the gainer or looser of the day or 52week high/low, volume toppers etc.
Looking to invest for short term or long term you must need to know all about the company and with 5Paisa web based trading platform, it is easily available on a click.
Look out for historical data, all corporate action, share holding patterns etc.
Looking for option chain data or market depth, with trade station web all the information will be available at one place.
There are many more things you can do, and i can keep on writing about it, I personally found this as amazing because, you do not need to go to any other website to lookout or searching on google for any other information.
Apart from trading platform 5Paisa in partner with other financial tech companies provide many other services which are built on these apps, let us see and know in brief about all of them.
smallcases are baskets of stocks & ETFs that help you build a low-cost, long term diversified portfolio. 5Paisa in association with smallcase helps investors to pick pre-build well researched portfolio.
Sensibull is India’s first options trading platform, offering everything from simplified options trading for new investors to powerful trading tools for the pros.
Sensibull aims to make options trading safe, accessible, and most importantly, profitable for all.
Sensibull was founded with the absurdly impossible vision of making the small guy win against the big guy in financial markets.
Smallcase and Sensibull both the services are available under the basic subscription plan with 14 days free trial.
FYERS Web Based Trading Platform:
As mentioned above fyers web is a web or say browser based trading platform, which can be opened on any web browser you use. Just like a website but with all the tools and resources needed. Let us know more about it.
As, you can see in the image above fyers web design is clean and compact, they have tried to keep everything simple and on a click. On right you see watch-list, which you can create or use predefined list as given below:
There are lot of thing you can do just by a click look at the image below if you right click on chart of any stock or index it gives you lot of options.
I have checked the fundamentals of a HDFC Bank, so if you are doing investing for a long term no need to go to any other website all the major information will be available within the trading platform.
This is for technical analysis, for intraday and short term traders, you can see probability of a stock to move in which direction and than cn make a concrete decision for placing your trades.
As the different charting tools and indicators in fyers one similarly all the major,minor indicators are present, Moreover you can popup the chart and do your analysis on a different tab.
Want to draw trend-lines or mark any important area, draw with the resources given on the left of the chart and apply them.
After comparison between Zerodha vs 5Paisa Vs Fyers for best web based trading platform, I can conclude zerodha have much advantage over 5paisa and fyers as they have extra resources and tools.
Let us see now mobile based trading platform comparison
Best Trading Platform In India Mobile/App Based:
We will not be comparing it on the basis of charting tools indicators and any other sources as we have already seen. Because all the services are present in the mobile based versions as well.
However, let us compare them on the feedback and rating for the app from users on Google Play Store and Apple App Store.
Zerodha Kite Mobile App Rating and Reviews:
Google Play Store
Apple App Store
5Paisa Mobile App Rating and Reviews:
Google Play Store
Apple App Store
Fyers Market Mobile App Rating and Reviews:
Google Play Store
Apple App Store
So based on above comparison from rating and reviews the top mobile based trading platform are:
- 5Paisa Mobile Trading App
- Zerodha Kite Mobile App
- Fyers Market
My Opinion on Best Trading Platform In India:
As we have already compared different trading platforms for all three brokers, 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 5Paisa to Open an trading and Demat account as they are best in mobile trading app as well they have all sort of services like invest in mutual fund, buy insurance, buying gold, take loan, advisory etc.
About Fyers you may be thinking after seeing their mobile app rating, as if they do not have the best services, but trust me if we talk about the desktop based as well as the web based trading platform they are my First choice.
Believe me you will get surprised, moreover as they are quite new in broking comparing to zerodha and 5Paisa they are much active in responses.
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 to open an account online, by the way they are No.1 Brokers in terms of total active clients (3.6 Million Approx.).
Another thing to mention is about the extra services as you saw above incase for zerodha and 5Paisa (like Sensibull or smallcase), they are not free, you may have to pay little subscription fee.
They are free to use on trial basis for 14 Days.
If you are still not satisfied you can check my Comparison based reviews on this brokers here:
You can also check the individual Reviews for these brokers 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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