Top 7 Best Investment & Trading Apps in India 2024

By:

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.

Updated:  Sep 9, 2024

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12 min read

Trade your favourite markets with our top-rated broker, IG Markets.

75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Visit site

The right investment app can be a powerful tool in your financial arsenal, offering not just convenience but also a tailored approach to managing your investments. 

Different Indian trading apps cater to a spectrum of investor needs. Whether you’re a beginner taking your first step into the stock market or an experienced trader looking for advanced tools, there’s an app designed for your specific requirements. 

For some, an app that simplifies the investing process with user-friendly interfaces and educational resources might be the key, while others might prioritise apps offering a wide range of investment options or advanced analytical tools. 

We considered all these angles when compiling and comparing these India investment apps, with a priority on beginner-friendly tools. Here are the criteria that impacted the final ranking

• Cost. Understanding the fee structure of an India investing app, including any hidden charges, to ensure your investment doesn’t get eaten away by high costs.
• User friendliness/experience. Evaluating the ease of use and the overall user experience, crucial for both beginners and seasoned investors.
• Range of investment options. Assessing the diversity of investment choices available, from stocks and bonds to ETFs and more.
• Security and regulation. Ensuring the apps adhere to regulatory standards and offer robust security measures to protect your investments.
• Customer support. Gauging the quality of customer service and support, an often underrated but vital aspect of any investing app.

Read on to review and compare the best Indian investment apps.

Best India investment apps overall for 2024

What is the best trading app in India?

The table below features our experts’ selections for the top investing apps in India currently available. You can use the links to register, or continue reading to discover more options that are specifically suited to various investing approaches.

Most popular

1

Min Deposit

-

Best offer

User Score

9.8

Zero Commission when trading US shares, only £3 commission for UK shares. Additionally, there’s an FX conversion fee of just 0.5%

Explore a vast range of stocks with 13,000+ options, including popular companies like Amazon, Apple, Tesla, and Netflix.

Offers longer trading hours, allowing you to access markets even when they’re closed elsewhere.

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Wise

Full Regulations:

ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

2

Min Deposit

-

Best offer

User Score

9.7

Open an MT5 account to go long or short on 250 of the largest US, Australian, and European stocks

Instruments in 21 time-frames and 80 pre-installed indicators

Multi jurisdiction regulation by ASIC and VFSC

Start Trading more info

Payment Methods:

Bank Transfer, Bitcoin, Debit Card, PayPal, neteller, Credit Card, Wire Transfer, Cryptocurrencies, FasaPay, PayRetailers, POLi, Wise, Worldpay, skrill

Full Regulations:

ASIC, CySEC, FCA

74-89% of retail CFD accounts lose money

3

Min Deposit

-

Best offer

User Score

9.0

Trade with Exness to enjoy better-than-market conditions and a friction-free online trading experience

The Exness Group is an international award-winning broker, with licenses in Seychelles, Cyprus, UK, South Africa and Kenya

Flexible funding- Choose from multiple currency funding options

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, neteller, Credit Card, Visa, Mastercard, American Express, Perfect Money, Apple Pay, Google Pay, Discover, Electron, Sticpay, Bank Transfer: EPS, skrill

Full Regulations:

CMA Lebanon, CySEC, FCA, FSA, FSC, FSCA

Exness does not offer services to residents of certain jurisdictions including the USA, Iran, North Korea and others. The content of the website including translations should not be construed as means for solicitation. Investors make their own and independent decisions. Trading in CFDs and generally leveraged products involves substantial risk of loss and you may lose all of your invested capital.

Top 7 trading apps in India, reviewed

1. IG Markets: Best for trusted and transparent trading

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From 0.5%

Fees

$...

Minimum deposit

17,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Intuitive web trading platform Excellent demo account available Variety of deposit and withdrawal options Wide variety of useful educational tools Trading platform tutorial to get you started

Slow account opening process Unavailable in all regions

Overview

We love IG because it’s one of the most established and reputable names in the online trading industry, known for its reliability, comprehensive market offerings, and strong regulatory compliance. IG offers CFD trading in stocks, forex, commodities, indices, ETFs and more, with plenty of useful plugins and integrations to improve the trading experience.

One of the key strengths of IG Markets is its seamless integration with MetaTrader 4 (MT4), a popular third-party trading platform favored by many traders for its advanced charting tools, automated trading capabilities, and custom indicators. This integration allows users to leverage MT4’s sophisticated features while benefiting from IG Markets’ competitive pricing, reliable execution, and extensive market access.

Beyond its product range and platform integrations, IG Markets stands out for its commitment to education and customer support. The company offers a wealth of educational resources, such as webinars, tutorials, and market analysis, which help traders of all levels improve their knowledge and skills.

The fees: For most assets, you don’t pay a trading fee but will be charged through the spread instead. That’s the difference between the buy and sell price of an asset. IG’s spreads are competitive but variable: you’ll pay a smaller spread on popular assets compared to less popular ones. Share trading works differently, and you’ll be charged a minimum fee on each trade of at least $15.

Highlights

Features	IG Markets summary
No. of tradable assets	17,000+
Min. Deposit	$0
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETFs, Forex CFDs, Crypto CFDs, Index CFDs, Commodities
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, MAS, FMA, ASIC, FCA, BaFin, FINMA, DFSA, BMA, CFTC, NFA
View more >	IG Markets >

Visit IG Markets IG Markets Review

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

2. Eightcap. Best online broker for choice of trading platform

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Up to $3.5 RT

Fees

$...

Minimum deposit

800

No. assets

Yes

Demo/virtual account

Pros & Cons

Low trading fees for CFDs Trade directly from the TradingView platform Regulated by top-tier authorities Leverage up to 1:500 Partnered with multiple proprietary trading firms

Some markets are not available to all regions Customer support does not operate 24/7

Overview

We love Eightcap because you have several trading platforms to choose from. You can choose between MetaTrader 4, MetaTrader 5, and TradingView. All of these platforms are favourites among retail traders. With the MetaTrade suite of platforms, you can access lots of technical indicators, custom tools, and expert advisors. 

TradingView with Eightcap allows you to trade directly from your charts while accessing the hundreds of tools and features available. Eightcap has over 900 markets available including stocks, forex, indices, commodities, and cryptocurrencies. 

The fees: Eightcap is a CFD broker and charges spreads, commissions, or a combination of both. There are two account types available, RAW, and Standard. The RAW account has ultra-low spreads starting from 0.0 pips but charges $3.5 RT per lot. The standard account is commission-free for most assets and spreads start from 1 pip.

Highlights

Features	Eightcap summary
No. of tradable assets	800+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Cryptocurrencies, Commodities, Currencies, Indices
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC
View more >	Eightcap >

Visit Eightcap Eightcap Review

74-89% of retail CFD accounts lose money

3. Exness. Best for tight spreads and a pro-style trading experience.

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From $0.2 per lot

Fees

$...

Minimum deposit

800

No. assets

No

Demo/virtual account

Pros & Cons

Trade all major asset classes with zero commission Competitive spreads starting from 0.3 pips on standard accounts Highly flexible trading terminal available on mobile app, desktop, and web browser Top-tier regulation and negative balance protection

Restricted access in the US and UK

Overview

We love Exness because of its tight spreads, which make it a top choice for traders looking to minimize trading costs and maximize profitability. The brokerage offers some of the most competitive spreads in the industry, especially on larger markets like foreign exchange.

Its focus on low trading costs is ideal for both newbies and experienced traders looking to trade with minimal overheads. Exness also stands out for its range of trading terminals. It offers MetaTrader 4, MetaTrader 5, and the Exness web terminal. There’s also a dedicated mobile app meaning you’ll be able to always access your account. 

Exness offers 250+ trading instruments, including 100+ forex pairs, 80+ stocks, 35+ cryptocurrencies, 15+ indices and 15+ commodities. Exness offers a great range of pro-style trading tools and a variety of account types to suit all experience levels. 

Beginners can take advantage of a free demo account or micro-lots for low minimum trades, while more experienced traders can use the hundreds of pre built indicators available on the MetaTrader suite. 

The fees: Standard accounts aren’t charged a commission but are charged through the spread. Spreads start from 0.3 pips on stocks, 1 pip on forex trades, and 7 pips on cryptocurrencies. Overnight fees apply on some assets (exc. swap-free accounts).

Highlights

Features	Exness summary
No. of tradable assets	250+
Min. Deposit	From $10
ID verification required	Yes
Free demo account	Yes
Supported assets	Stocks, Cryptocurrencies, Commodities, Currencies
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSCA, FCA, CySEC, FSA, BVIFSC
View more >	Exness >

Visit Exness Exness Review

Exness does not offer services to residents of certain jurisdictions including the USA, Iran, North Korea and others. The content of the website including translations should not be construed as means for solicitation. Investors make their own and independent decisions. Trading in CFDs and generally leveraged products involves substantial risk of loss and you may lose all of your invested capital.

4. Pacific Union. Best for social trading & customer support

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...

Fees

$...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

70+ forex pairs and 200+ financial assets available to trade Extremely low minimum trade sizes Multilingual support in 18+ languages

Minimum withdrawal of $100 Fewer assets than many competitors

Overview

We love Pacific Union because its beginner friendly platform comes loaded with lots of educational content, including how-to guides and video learning. Pacific Union offers over 200 assets across global markets and includes forex, stocks, indices, commodities, and cryptocurrencies.

It’s an award-winning broker with a proprietary social trading application that makes it easy for beginners to follow the strategies and positions of the platform’s top traders. Pacific Union uses the popular Metatrader 4 software alongside its mobile and web based apps. Traders can choose the amount of leverage they want to use, all the way up to 500:1.

The fees: There are fees with Pacific Union, but it depends on your account type. Its standard account is commission free, but Bid/Ask spreads start at 1.3 pips. Pro accounts are charged a $3.5 RT per lot commission and have spreads starting from 0 pips. Swap charges for holding a trade overnight vary depending on size.  

Highlights

Features	summary
No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies
View more >	>

Visit Review

Contracts for Difference (CFDs) trading carries a high level of risk to your capital and can result in losses, you should only trade with money you can afford to lose. CFDs trading may not be suitable for all investors, please ensure that you fully understand the risks involved and take appropriate measures to manage it.

What is a trading app?

A trading app is a mobile application that allows you to buy and sell financial instruments like stocks, cryptocurrencies, and ETFs (Exchange Traded Funds) right from your smartphone or tablet. 

These apps have revolutionised the way individuals interact with financial markets, making trading accessible to a broader audience of Indian investors. They offer the convenience of managing investments on-the-go, with features such as real-time market data, investment tools, and the ability to execute trades instantly.

How does a trading & investment app work?

An investment app acts as the intermediary between you and the financial markets. After a user creates and verifies their account, they can fund it through methods like bank transfers or card payments. The app then provides options to buy, sell, and manage investments, often with real-time market data.

These apps typically include features like portfolio tracking, educational resources, and sometimes automated investment advice (robo-advisors). As soon as you log in, you can access these resources through the app interface on your phone.

What are the different types of investment apps in India?

There are two primary types of investment apps in India, those where you choose your own investments and those where you outsource it to an algorithm. The former are known as brokerage apps or DIY apps, the latter are robo advisor apps.

Here’s a quick breakdown of the different types of Indian investing app:

• Broker apps/DIY apps. These apps allow buying and selling of individual stocks, bonds, and ETFs. They’re suited to those who prefer a hands-on approach to investing, as you will be responsible for choosing what to invest in.
• Robo advisor apps. These use algorithms to choose and manage your investments based on your risk tolerance and goals. They best robo advisors in India are ideal for beginners or those who prefer a passive or hands-off investment strategy.
• Micro investing apps/combi apps. These are similar to robo advisors, but they blend savings features with investment options, often rounding up purchases to invest spare change. They’re ideal for individuals looking to start investing with small amounts.
• Portfolio tracker apps. These are apps that integrate with your other Indian investing accounts to provide an overview of your entire investment portfolio. An ideal and convenient way to track the state of your investments and see your overall financial position.

How much do Indian investing apps cost?

The cost of using investing apps in India varies widely, reflecting the diversity in services, features, and target user groups. For a DIY brokerage app, expect to pay a fixed fee or a commission per trade, typically no more than a couple of pounds each time.

Some investing apps operate on a subscription model, charging a monthly or annual fee. For robo advisors, it’s more common to be charged asset management fees as a percentage of your total balance. These typically range from 0.25% to 0.75% per annum.

Here’s a look at the fees for the 3 best investing apps in India:

How should I choose an investment app in India?

Choosing the right investment app in India involves a careful evaluation of several key factors to ensure that the app aligns with your investment goals, preferences, and experience level. Here’s a comprehensive guide on how to select an India investment app that best suits your needs:

Decide your investment goals and style

Essentially, what kind of app do you want? Are you looking to buy shares in India with a view to short term trading, or do you want to invest for the long term. Are you simply after a portfolio tracker?

Are you investing for long-term growth, income, saving for retirement, or short-term gains? Are you willing to endure higher volatility for potentially greater returns, or do you prefer a more stable, lower-risk approach? Do you want to actively manage your investments or do you prefer a passive, set and forget strategy? 

DIY trading apps suit a more active and risk tolerant style focusing on buying and selling shares, while robo advisors are best for passive, low-risk, long term investment strategies.

Consider the fee structure

Understand all potential costs, including trading fees, subscription fees, and any additional charges like withdrawal or inactivity fees. Weigh the cost against the services and features offered. While lower fees are obviously ideal, a higher fee might be justifiable for superior tools, research, and customer support.

Below are the types of fees you may encounter when using an Indian investing app:

Research the app’s security and regulation

Ensure the app is regulated by the Securities and Exchange Board of India (SEBI) in India, which adds a layer of security and trust.

It’s also worth looking out for features like data encryption, two-factor authentication, and a secure login process to keep your account secure.

Here are the regulatory licences held by the top 3 India investing apps:

Analyse the quality of educational resources and tools

For beginners, apps offering tutorials, guides, and other educational materials can be extremely beneficial. While advanced investors might prefer apps with comprehensive charting tools, market analysis, and research reports. 

You’re more likely to find more advanced trading tools through a DIY app, but you can also find do-it-yourself apps that are packed with educational material, so it really comes down to personal preference and which tools are most important to you.

Read user reviews and testimonials

Other people’s experiences can be useful in determining whether an app is right for you.

Look for reviews and testimonials to understand other users’ experiences, focusing on both the positives and negatives. Check out reviews from reputable financial websites and forums, such as our own platform reviews, for unbiased opinions.

Test with a demo account

Many investing apps offer a demo account, and if possible you should start with an account like this to test the app’s functionality. It can also be a good way to try out investment strategies before risking any money for real.

Quick answers to key questions

Can I trade stocks from an India trading app?

Yes, you can trade stocks using an India trading app. These apps provide access to various stock exchanges, allowing you to buy and sell shares of publicly listed companies. Some apps may also offer international stocks, expanding your trading options beyond the UK market.

Do apps charge fees for trading stocks?

While many Indian trading apps offer commission-free stock trading, some may charge fees. These could include platform fees, inactivity fees, or fees for special features like margin trading. It’s essential to check the fee schedule of each app before starting to trade.

Is a mobile trading app better than a desktop version?

Whether an India mobile trading app is better than its desktop counterpart depends on your trading style and needs. Mobile apps offer convenience and the ability to trade on the go, while desktop versions might provide more comprehensive tools and a larger viewing area. Some traders use both to maximise their trading strategies.

What are the risks of using an Indian trading app?

While trading apps have made stock trading more accessible, it’s important to be aware of the risks involved. Understanding these risks can help you make informed decisions and use trading apps responsibly.

• Market risk. The most inherent risk of stock trading is market volatility. The value of your investments can fluctuate significantly, leading to potential losses. This is a universal risk, not just limited to trading apps.
• Security risks. Although trading apps generally have robust security measures, there’s always a risk of data breaches or cyber attacks. Ensure you use apps with strong security protocols and manage your login credentials securely.
• Overtrading. The convenience of mobile trading can sometimes lead to overtrading. The ease of access might encourage more frequent trades, potentially increasing your exposure to market risk and transaction costs.
• Technical risks. Issues like app glitches, server downtimes, or connectivity problems can impact trading. Delays in executing trades, especially in a fast-moving market, can lead to financial losses.
• Knowledge and experience risks. For beginners, the ease of starting can lead to trading without adequate knowledge. It’s crucial to understand the basics of the stock market and the specific securities you’re trading.
• Regulatory risks. Regulatory changes can impact stock trading apps in India and the assets they offer. Being aware of current regulations, especially concerning certain assets like cryptocurrencies, is important.
• Liquidity risks. Some stocks or securities might not be highly liquid, making it difficult to execute large orders without impacting the market price.
• Psychological risks. The app’s gamified experience might lead to emotional trading decisions rather than rational, strategy-based ones.

How to mitigate the risks of Indian trading apps

To mitigate these risks, it’s important to:

• Use well-regulated and reputable trading apps, and use the register to ensure they are legit.
• Educate yourself about stock market trading.
• Set clear investment goals and limits.
• Keep track of your investments and market trends.
• Practise responsible trading habits and risk management.

Remember, while trading apps offer a convenient way to invest, they don’t eliminate the inherent risks associated with stock trading.

Methodology: How we choose the best India trading apps

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 India trading apps to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of financial experts, analysts, and active traders who sign up to each broker, conduct research, and score each service.

Our tests are designed to find trading apps in the India that offer a beginner-friendly, secure investing experience at a fair price. To supplement our practical testing and experience, we research each trading app to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each India stock trading app is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual brands to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

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