Introduction

Trading is buying and selling shares and securities of public companies within the Share Market. In simpler terms, trading involves investing money into opportunities that can grow your resources. It’s important to remember that trading consists of potential for returns but also comes with market risks. Therefore, conducting thorough research is essential. Analysis before participating in share market trading also helps manage this risk effectively. Trading in securities allows individuals to grow their financial resources. It can also help them profit from their initial investments.

In today’s world trading in shares is perceived as a great opportunity to excel and secure financial futures. The increasing range of opportunities makes trading more popular. The ease of entry into the market has especially appealed to the younger generation. Recent years have seen a significant surge in the trading trend. It’s now a highly versatile platform for investment.

This blog covers the best brokerage rates in India of the top 10 trading applications in 2024.

Serial number	Name of the Trading Application	Brokerage Charges (Equity Delivery)	Brokerage Charges (Intraday trades)	Brokerage Charges (Equity Futures)	Brokerage Charges (Equity Options)
1	Zerodha Kite	Zero Brokerage	Flat Rs 20 or 0.03% (whichever is lower) per executed order	Flat Rs 20 per executed order on options	Flat Rs 20 per executed order on options
2	Upstox Pro	Rs 20 or 2.5% whichever is lower on Equity Delivery	Rs 20 per executed order or 0.05% (whichever is lower)	Rs 20 per executed order or 0.05% (whichever is lower)	Flat Rs 20 per executed order
3	5 Paisa	Rs 20 per executed order	Rs 20 per executed order	Rs 20 per executed order	Rs 20 per executed order
4	Angel One	Zero Brokerage	Flat fee of Rs 20 per executed order or 0.25% (whichever is lower)	Flat fee of Rs 20 per executed order or 0.25% (whichever is lower)	Flat fee of Rs 20 per executed order or 0.25% (whichever is lower)
5	Groww	Rs 20 or 0.05% per executed order, whichever is lower	Rs 20 or 0.05% per executed order, whichever is lower	Flat fee of Rs 20 per executed order	Flat fee of Rs 20 per executed order
6	Sharekhan	Charges are based on a percentage of the trading value	Brokerage fees are also percentage-based, with specific rates depending on the plan chosen	Percentage-based fees apply to futures and options trades as well	Percentage-based fees apply to futures and options trades as well
7	Alice Blue	Free (no brokerage charges)	Rs 15 per order or 0.05% (whichever is lower)	Rs 15 per order or 0.05% (whichever is lower)	Flat fee of Rs 15 per executed order
8	Motilal Oswal	0.20% of trade value	0.02% of trade value	0.02% of trade value	Rs 20 per lot
9	PhonePe Share Market	Rs 20 per executed order or 0.05% whichever is lower	Rs 20 per executed order or 0.05% whichever is lower	Rs 20 per executed order	Rs 20 per executed order
10	ICICI Direct	0.55%	Rs 20 per executed order	Rs 0 (Free)	Rs 20 per executed order

The offerings from the best 10 Trading Apps are described below:

1. Zerodha Kite

The brokerage fees for Zerodha Kite are nil for equity delivery. Intraday trades charge flat Rs 20 or 0.03% (whichever is lower) per executed order. The equity futures brokerage charge is zero. Equity options are flat Rs 20 per executed order on options.

Zerodha Kite can be accessed from its website on different devices. The technology is built on HTML-5. It is ultralight and responsive. The application has a real-time market watch. Trade execution involves direct trade from charts. Further, it’s available in many languages. The equity market has the T+2 settlement cycle transaction time. For futures options, the settlement is in real-time through Zerodha Kite.

2. Upstox Pro

Upstox Pro trading platform is suitable for both beginners and experienced traders. It provides easy-to-use web and mobile interfaces. Additionally, it offers comprehensive charting with over 100 indicators and 6 chart types. Trade execution is quick and efficient. Various order types are available. The brokerage charges are as follows:

– For equity delivery: Rs 20 or 2.5% of trade value (whichever is lower)

– For equity intraday: Rs 20 or 0.05% (whichever is lower)

– For equity futures: Rs 20 or 0.05% (whichever is lower)

– For equity options: Flat fee of Rs 20 per executed order

Settlement cycles are T+2 for equity delivery trades. Real-time for futures and options trades. Withdrawals are typically processed within one business day with no specific limit mentioned. This is subject to standard banking procedures.

Other features include margin trading with up to 2x leverage on certain segments, direct mutual funds investment options, and the facility to apply for IPOs directly through the platform.

3. 5 Paisa

The 5 Paisa trading platform offers comprehensive features, including a mobile trading app, a user-friendly website, and an installable trading terminal. The user interface is designed for easy navigation and quick trading, and we provide various charting tools with different technical indicators for in-depth analysis. The trading platform allows seamless trade execution with multiple order types.

Regarding fees, the trading platform charges Rs 20 per executed order for equity delivery, intraday trades, and F&O trades. We also offer different account packs, such as the Regular, Power Investor, and Ultra Trader Pack, to cater to different investment needs.

Settlement cycles include T+2 for equity delivery trades and real-time settlements for futures and options trades. Withdrawals are processed within the standard banking timeframes, and we charge Rs 10 per transaction for net banking transactions.

The trading platform also offers margin funding at a nominal rate, and the multi-product app allows investments in gold, peer-to-peer lending, insurance, mutual funds, and US stocks. Additionally, the analytics services include tools like Portfolio Analyzer for improving investment strategy.

4. Angel One

Angel One’s trading platform offers seamless trading capabilities across web mobile and desktop devices. It features a user-friendly interface. It is accessible to traders of all experience levels. The platform provides advanced charting tools with a wide range of technical indicators for in-depth analysis. It ensures efficient trade execution. Also, it supports multiple order types to meet your trading needs.

When it comes to brokerage charges we offer no brokerage charges for equity delivery. For intraday and F&O trades, there’s a flat fee of Rs 20 per executed order or 0.25% of the transaction value whichever is lower.

Settlements for equity delivery trades occur on the 2nd working day after trading. Settlements for futures and options trades happen in a real-time. The trading platform’s withdrawal process is quick and hassle-free, with no withdrawal fees applied.

In addition to these features, the trading platform offers margin trading with leverage options. This extends across various trading segments. You’ll have access to a wide range of investment options. These include stocks. Derivatives. Commodities and currencies. It also provides insightful research reports. There are advisory services to assist you in making well-informed trading decisions.

5. Groww

The trading platform is easy to use on both the web and mobile. User Interface: The design is simple. It is easy to navigate. Charting Tools: It offers a range of charting options for technical analysis. Trade Execution: Orders are executed quickly and efficiently and we support various order types.

Brokerage Charges: For equity delivery and intraday trading the charge is Rs 20 or 0.05% per executed order whichever is lower. For futures and options, there is a flat fee of Rs 20 per executed order.

Settlements: Equity trades settle in T+2 days. Futures and options trades settle in real-time.

Withdrawal: Withdrawals are typically processed within standard banking timeframes and no specific withdrawal charges are mentioned. Other Features: You can invest in stocks. Also in mutual funds gold, fixed deposits and more. Additionally, you have access to various research tools and insights. Dedicated customer support is available for queries and assistance.

6. Sharekhan

Sharekhan’s platform is accessible through web browsers mobile apps and desktop applications. It offers seamless trading across different devices. The user interface is thoughtfully designed to cater to both new and experienced traders. This ensures ease of use and efficient navigation.

Traders have access to comprehensive charting tools. These are equipped with a wide range of technical indicators for in-depth analysis of market trends. This assists traders in making informed decisions based on thorough market insights. Additionally, the platform offers efficient trade execution and different order types. This accommodates various trading strategies.

Brokerage charges are calculated based on a percentage of the trading value for equity delivery. Similarly, brokerage fees are percentage-based for intraday trades, with specific rates based on the chosen plan. Percentage-based fees also apply to futures and options trades.

Equity trades follow the standard T+2 settlement cycle for delivery trades. Futures and options trades are settled in real time. This ensures prompt transaction processing.

Sharekhan provides a hassle-free withdrawal process. Withdrawals are processed within the standard banking timeframes. Notably, Sharekhan does not charge any withdrawal fee. This makes it convenient for traders to access their funds as needed.

In addition to these core features, Sharekhan offers research. It also provides advisory services to assist traders in making well-informed trading decisions. The brokerage is well-regarded for its reliable customer service. Sharekhan is known for providing quick and useful responses to address trading-related queries or concerns. Lastly, it’s important to note that Sharekhan provides access exclusively to Indian markets.

7. Motilal Oswal

This platform offers trading through web mobile and desktop interfaces. The user interface is designed to cater to the needs of both novice and experienced traders. It provides advanced charting tools. There are various technical indicators for in-depth market analysis.

Regarding brokerage charges, the platform levies 0.20% of the trade value for equity delivery. 0.02% for equity intraday. 0.02% for equity futures and Rs 20 per lot for equity options. For currency futures options and commodity futures, it charges Rs 20 per lot and 0.025% of the trade value respectively. Additionally, it charges Rs 200 per lot for commodity options.

Settlements follow the standard T+2 cycle for equity delivery trades while real-time settlements are facilitated. This applies to futures and options trades

Withdrawals are generally processed within standard banking timeframes. The platform does not specify any particular withdrawal charges.

The platform excels in providing detailed research reports. It also offers comprehensive advisory services. It is known for its responsive customer support via emails and calls Moreover, it offers various investment options including equities, F&O currency and mutual funds.

8. PhonePe Share Market

PhonePe’s trading platform is an efficient stock broking platform that offers both the mobile app and web platform The user interface is thoughtfully designed to cater to the needs of both novice and experienced traders. This makes it easy to navigate and use. The platform offers market intelligence through well-researched Wealth Baskets. These provide users with quantitative insights. This aids in their investment decisions.

Regarding brokerage charges, the platform charges a fee of Rs 20 per trade or 0.05% for Equity Delivery and Intraday. The lower amount is applicable. The cost of F&O (Futures and Options) trading is a flat Rs 20 per trade.

The settlement process is seamless for users. This allows them to conveniently withdraw or sell their investments through the app’s wealth section. Details regarding charges and tax implications are transparent to ensure users’ clarity.

PhonePe’s trading platform offers various investment products including stocks for both intraday and delivery, Mutual Funds ETFs and Wealth Baskets—thoughtfully curated collections by SEBI-registered intermediaries. A dedicated market section enables users to track stock market indices, the individual stocks. And sectors through an intuitive watchlist tracker enhancing their overall trading experience.

9. Alice Blue

Aliceblue provides diverse trading platform features including the ANT (Analyse and Trade) platform. The platforms offer user-friendly interfaces for the web. Mobile and desktop trading and advanced charting tools equipped with various technical indicators for in-depth market analysis.

Aliceblue offers no brokerage charges for equity delivery. The firm charges a competitive fee of Rs 15 per order or 0.05% (whichever is lower) for equity intraday. For equity futures, a flat fee of Rs 15 per executed order is applicable for equity options.

Settlements at Aliceblue adhere to the standard T+2 cycle for equity trades. They feature real-time settlements for futures and options trades. Withdrawals at Aliceblue are processed within standard banking timeframes. No specific charges are mentioned.

Additionally, Aliceblue provides access to margin trading at competitive rates. It offers various range of investment options, including equities F&O, currency commodities, mutual funds and IPOs. Proprietary and third-party trading tools and apps for research purposes are also available.

10. ICICI Direct

The ICICI Direct App is a highly popular trading platform owned and operated by ICICI Group in India. It offers convenient online trading and investment services to an extensive customer base of over 5 million users. One key advantage of this platform is that you can easily sign up for an account at no cost.

App Downloads: The app has been downloaded over 1 million times. This indicates a significant user base. The app is recognized for its user-friendly interface. It also has intuitive trading features. The ICICI Direct App is a part of the renowned ICICI Group. This is a leading financial services company in India.

The platform provides users with a wide range of analytical tools. These include advanced charting graphs and real-time profit and loss statements. Users are thus empowered to make informed investment decisions.

Users can execute trading orders seamlessly. This is done by swiping to buy or sell stocks, ensuring a smooth and efficient trading experience.

The app offers different subscription plans each with its set of features and benefits. For users seeking specific functionalities there is a new plan and a prime plan.

Users can effortlessly buy and sell stocks with a simple swipe. This makes trading operations more accessible and convenient. Margin Trading: The app allows users to make trades with a “pay later” feature through the marginal trading feature providing flexibility in trading activities.

The app charges a nominal fee of Rs. 20 per executed order for equity delivery. Options and other transactions are included, making it cost-effective for users to engage in trading activities on the platform.

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Frequently Asked Questions (FAQs)

Is trading and investing the same activity?

No, they are different. Trading involves short-term strategies. Investing is for a longer horizon of time.

What are the documents required to open a trading account in India?

Documents required are proof of identity. Income proof, bank statement cancelled cheque and address proof. Additionally, other documents like passport-size pictures etc. are required to be self-attached.

Which trading app provides zero account opening fees in India?

Zerodha 5 Paise and Upstox are among the applications that provide zero account opening fees in India.

What is intuitive trading?

Intuitive trading involves using intuition. Abstract feelings also help make decisions. Intuitive traders anticipate market changes faster. This gives them a competitive edge over their peers. Some believe that intuition is valuable for traders because trading is more art than science.

What is the T+2 settlement cycle?

The T+2 settlement cycle requires securities and cash to be delivered two days after the trade is executed. If security is sold. The seller must provide the securities certificate to their brokerage firm within two business days.

What is trading time according to SEBI in India?

The market trading hours are from 9:30 am to 3:30 pm (Indian Standard Timing) in India.