Do you wish to start your investment journey but are unsure about it? The write-up gives you an insight of apps that will help you to embark your financial journey with ease and comfort.
5 Best trading apps of 2021
1. Zerodha Mobile Trading app.
It is an excellent broker that offers excellent trading services to the customers. Zerodha Kite Mobile App has all the features for seamless trading experience to the investors. The app is easy to use, and does not require financial intermediary.
Advantages
The app has a console dashboard that provides you with deep analytic about your trade and investment portfolio.
There is an in-depth breakdown of your stock from the day of acquisition. You can gauge the stock history, brokerage, per charge breakdown, etc.
The software generates tax ready report for the financial year to help the investor understand everything.
With this app, the investor can apply for an IPO.
Even you can track your holdings with advanced charts to understand its performance.
The main benefit of investing in this app the investment is brokerage free. That means, the user will not be charged with the brokerage fees when he buys or sells the stock through it.
Disadvantages
The users have faced minor glitches when editing or deleting the scrips.
The account opening process is slow.
It covers scrips from the Indian market only.
The app does not offer investor protection.
2. Upstox Pro Trading App
Upstox Pro Trading app lets you to join the bandwagon of expert investors. The app is backed by eminent businessman Ratan Tata. It comes with 100+ technical indicators to help you to continue your investment journey with confidence.
Advantages
The user can identify the stock trends to make informed decision.
You can easily place the orders.
The app help you to stay updated about the stock price.
With the app, you can keep track of the recent orders and get instant notifications for the same.
With the app, you can create 100+ price alerts and you can get instant updates for the same.
You can create customized watch list for the stocks.
The app allows you to view the historic data of last 10 years.
Disadvantages
There are no neighborhood offices that can provide you with technical support.
No research advisory services available.
Margin Funding option is not available.
It does not provide unlimited trading plans to the investors.
There is a service charge for call and intra-day orders.
3. Angel Broking Mobile Trading app
Invest in the global market with this app. It includes several features for seamless trading experience. It is a perfect app that offers comprehensive services to the investors like insurance, brokerage and mutual funds.
Advantages
It has multiple index charts that helps you to showcase the real price value of the stocks.
The software provide intraday charts to the gainers and losers.
You can create customized watchlists depending on the stocks invested.
You can easily transfer the funds and securities from a single window.
Disadvantages
The interface does not offer user-friendly features to the users.
The size of the app is heavier and it takes time to fit in.
4. Groww
Grow your investment portfolio with an ISO certified company. The software offers you completely encrypted and secure investment information. It help you to keep track of the investments and synchronize your data so that you can keep your focus on investing. Here are some features of the app.
Advantages
The app helps you to grow your investment portfolio to a larger scale.
It helps you to keep track of your investments at any time.
The investor does not have to pay account charges for opening it or maintaining it.
The app helps you to stay invested in scrips, gold, mutual funds, US stocks, FDs and much more.
They are transparent when it comes to investment charges.
You can use smart filter options to avail information about top mutual funds of different metrics.
There are candlestick charts available to track the trends of stocks that you are planning to invest in.
It provides latest financial information to beginners and advanced users through the videos.
Live price movements for all stocks listed in BSE, NSE, etc.
It is registered with AMFI and SEBI.
Disadvantages
The app suffers from technical glitches.
The investors has limited products to invest in.
The app does not offer call and trade services.
It does not provide expert stock tips.
There is no margin trading facility available for the share traders.
5. 5 paisa online mobile trading app
The app is promoted by expert discount broker IIFL. They charge you with Rs 20 for an executed order and delivery and brokerage charges are not free. There are many distinct features of the app.
Advantages
You can easily open demat account from the app.
You can view live stock market quotes from NSE and BSE.
The auto investment feature helps you to build customized mutual fund portfolio.
You can invest in top mutual funds through this tool.
Disadvantages
The app requires high internet speed to run.
Conclusion
The above write up clearly explains different types of investment apps that can nurture your investment skills and trigger you ahead in the financial journey.