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Top 3 Trading Apps in India 2020



There are many trading apps exist in the market. Every trading app has certain charges and plans on which customer has to decide for trading. These plans and charges are depend on the policies of brokerage firms. It should be very important for the users to be sure about the charges and plans of the brokerage company. Apps and website should be user friendly and easy to understand. Now here is top 3 trading apps which is widely used by the traders.

Top 3 Trading Apps

Upstox Pro

Upstox is a low cost broking firm in India and backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. This company provides trading on different categories such as equities, commodities, currency, futures, options that are available on its Upstox pro web and Upstox pro mobile Platforms. This platform makes it easy to place orders through mobile phones and web browser. 

Upstox Offers

  • Trading, Analysis, charting, trading feature, free trading account, free trading in Equity Delivery segment. 
  • Trading in Equity F&O, Equity Indra-day, Commodities and Currency Derivatives is available through Upstox Pro. 
  • UpStox Pro is the paid service of UpStox for traders.

Upstox Basic Plans

  • Brokerage Free equity delivery and ₹20 per trade for Equity F&O, Commodity and Currency. 
  • The plan offers basic trading features in Equity Delivery segment through mobile and website. 
  • Upstock doesn't change any brokerage for trading in Equity Delivery segment. 
  • Upstox basic plan offers upto 20x leverage on Cash segment.

Upstox Priority Pack

₹0 equity delivery brokerage and flat ₹30 per trade for Equity F&O, Commodity and Currency. Upstox Pro is the trading platform for frequent traders; who trade in Indra-day and F&O segments. This plan offers upto 25x leverage on Cash segment. Along with the standard features offered in Upstox Basic Plan, Upstox Pro offers stock search, analyse, trade, and monitor stocks, currencies, F&O, and commodities. Upstox Pro provides advance charting for professional traders for technical analysis. It also offers wide range of indicators, chart types, data rich user interface.

Upstox Charges 2020

  • Upstox Account Opening Charges: ₹249
  • Upstox Demat AMC: ₹300 per year (paid monthly)
Open a Demat a/c 

5Paisa

5paisa capital ltd. is discount broking Company based in India. 5paisa is a member of NSE, BSE, MCX, MCX-SX. It provides retail broking, currencies and commodities trading, mutual funds, IPO and bonds. 5paisa began operations in 2016 as a subsidiary of IIFL Holdings Ltd, a non-banking financial institution in India.

5Paisa Offers

Open 5Paisa Trading Account and get Free Trading, Demat and Mutual Fund Account + FREE 1st year Demat AMC + Trade at flat ₹20 per order.

5Paisa Plans

5Paisa has recently introduced three subscription plans- 

  • Optimum Plan
  • Platinum Plan
  • Titanium Plan 

New customers can subscribe to the plans while opening the account by paying a fee of 1 Rupee. Existing customers can subscribe to the plans using 5Paisa website or mobile application. While subscribing to the plans, they have to pay the charges as mentioned in the below table through Credit Card or UPI. Customers can pay subscription charges either monthly or annually.

5Paisa Charges

5Paisa Account Opening Charges & AMC

                   Services                               Charges                  
 Trading Account Opening Charges (One Time)              ₹650
 Trading Annual maintenance charges (AMC)                ₹0
 Demat Account Opening Charges (One Time)                ₹0 
 Demat Account Maintenance Charges (AMC) ₹540 yearly (charged as ₹45 per traded month)

5Paisa Trading Brokerage Charges

                       Segment                        Brokerage Fees
 Equity Intra-Day ₹20 per trade
Equity Delivery ₹20 per trade
 Equity Futures ₹20 per trade
 Equity Options ₹20 per trade
 Commodity Futures ₹20 per trade
 Commodity Options ₹20 per trade
 Currency Futures
 ₹20 per trade
 Currency Options ₹20 per trade

Open a Demat a/c
Link : https://www.5paisa.com/open-demat-account/

IIFL Markets

IIFL Finance Ltd  is one of the leading players in the Indian financial services space, engaged in the business of loans and mortgages along with its subsidiaries - IIFL Home Finance Limited and Samasta Microfinance Limited. IIFL’s product offerings include home loans, gold loans, business loans including loans against property and medium and small enterprise financing, micro finance, developer and construction finance and capital market finance; catering to both retail and corporate clients. 

IIFL Offers

  • IIFL provide execution, advisory and research service across products like equity, F&O, Commodity& Currency and Mutual Funds. 
  • The company also of the top distributors of AIF products, mutual funds. IIFL Wealth is one of the fastest growing private wealth management firms in India with an AUM greater than USD 24 billion. 
  • It serve the highly specialised and sophisticated needs of high net worth and ultra-high net worth individuals, affluent families, family offices and institutional clients through a comprehensive range of tailored wealth management solutions.

IIFL Products

 Home loans, gold loans, and business loans including loans against property, medium and small enterprise financing, micro finance, developer and construction finance and capital market finance; catering to both retail and corporate clients.

Opening Account Charges

Trading Account opening is one time fee that India Infoline (IIFL) charge while initiate your account opening process. Trading AMC (Annual maintenance Charges) is an annual fee charges by India Infoline (IIFL) to maintain your account. This is the annual charges and deduct from your account even if you haven't trade for a year. Usually Trading account AMC is free. India Infoline (IIFL) Trading Account Opening Charges is Rs 750 and AMC is Free.

 India Infoline (IIFL) Standard Trading Plan (Percentage Based)

               Segment                   Brokerage Fee 
          Equity Delivery 0.5% or 50 Paisa
          Equity Intraday 0.5% or 5 Paisa
          Equity Futures 0.5% or 5 Paisa
          Equity Options 1 % of Premium or ₹100 per lot whichever is high
         Currency Futures 0.05% or 5 Paisa
         Currency Options 1% of Premium or ₹100 per lot whichever is high
             Commodity 0.5% or 5 Paisa

Open a Demat a/c

Link : https://eaccount.indiainfoline.com/

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