Trading has become the most lucrative source of side income for many working professionals, so the number of trading apps is increasing on the Google Play Store. Even for the younger generation, trading has become a new way to earn money thanks to the trading application that has made the process of investing easier, even for young investors. Nowadays, even if you are a novice, learning to trade is easy with multiple videos and blogs available on the internet, along with user-friendly applications. Therefore, in this article, we will focus on the top 5 user-friendly trading applications.
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Groww Trading App
The Groww app is a great user-friendly app with constant guidance about investment procedures by notifying the user about upcoming events and the IPO list, which helps a beginner invest accordingly. It is a free app and you do not have to pay anything to the app to begin your investment. It has a quite simple, user-friendly interface. Additionally, it does not charge any extra for opening a mutual fund investment. The only cons that, as an Indian, you can face while using the app are its high charges for the call and that the trade per order is comparatively higher than many other apps available.
Upstock Pro Trading App
The instant investing features of this app make it one of the largest trading applications in India. It is also a user-friendly app that also has the TFC feature. However, for stock deliveries, Upstock charges ₹ 20 as a brokerage fee, which is free on many trading apps.
Zerodha Kite
This app is again a user-friendly app with an advanced trade analysis tool that helps any level of investor get a greater understanding of the market. Again, this is a free app to download and one of the best things about this app is that it supports multiple languages so you can select the preferred language of your choice. The app has an updated list of both national and international stocks, which helps you invest your money according to your preferences. However, the app only allows the support of mutual funds for those who have a Zerodha demat account and not any other third-party account.
Angel One App
This is another user-friendly app that helps you quickly buy and sell stocks with minimum investment charges. It also helps users invest in upcoming IPOs in India. However, it should support an e-wallet feature to make itself an all-rounder.
5Paisa App
This app is famous within the heavy trading community for its auto-investment options. You can invest in mutual funds here without the need to provide any extra charges. This is also a multilingual app but one of its drawbacks is that it does not support NRI trading.
Why use trading apps?
More than trading on websites, trading on mobile helps you receive updated news relating to stocks anywhere at any time. The trading apps make moving money quickly and easily between your bank and trading accounts effortless. Additionally, trading applications handle all your money-related tasks in one place, such as transactions, investments, and savings.
Trading applications protect your financial assets and personal data with cutting-edge security features like encryption, two-factor authentication, and biometric logins. Many reliable trading applications follow financial regulations and are overseen by regulatory agencies, providing an additional layer of security. Further, the advanced analytical tool and the free trading materials and webinars that the applications share with their users help new investors stay updated on trading-related news.
Trading and investing in stocks and mutual funds are often risky if the individual is not aware of them, and these apps are making investment easier with their user-friendly interface and advanced analytical tools.
