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7 Best Trading Apps for Beginners in India | Top Picks & What to Consider in 2023

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Binoptionen Writer - Cody Walls
Cody Walls

Stock trading apps are on the rise thanks to the convenience they bring. After all, you get benefits like being able to trade anywhere and anytime!

You even get push notifications and price alerts the moment a good trade comes your way, so you can immediately take advantage of it.

What's more, they can also give you leading trading features like research reports, advanced charts, and other technical analysis tools.

There are a lot of mobile trading platforms available in India, so we'll help you narrow down your choices by listing the BEST trading apps, specifically for beginners!

#2nd Choice

IQ Option



Ease of use






Trading Fees



3.7 • 3.3K Ratings

4.2 • 709K reviews

Editors Choice

Olymp Trade



Ease of use






Trading Fees



3.7 • 4.8K Ratings

4.1 • 896K reviews

#3rd Choice




Ease of use






Trading Fees



4.2 • 686 Ratings

4.0 • 68.8K reviews

7 Best Mobile Trading Apps in India for Beginners 

Looking for the best trading app in India to download on your mobile phone?

We'll discuss 7 great trading platforms that you can consider:

1.) Olymp Trade




Ease of use






Trading Fees


Overall: 4.9


3.7 • 4.8K Ratings

4.1 • 896K reviews

Olymp Trade is one of the most popular and reputable brokers. In fact, the platform has garnered several industry awards — including Best Trading Platform and Innovative Broker.

Just from that, you can already consider this the best trading app for you!

Despite the big name, Olymp Trade was primarily made for inexperienced traders, so it is an EXCELLENT mobile trading app in India for beginners.

For one, it has a low minimum deposit of only $10. It also has an intuitive platform that ensures a smooth and convenient trading experience.

Olymp Trade mobile app

The mobile app (as well as customer support) is available in about eight languages — including Hindi.

Upon account opening, Olymp Trade offers a demo account with $10,000 in virtual funds.

This account looks exactly like a standard brokerage account — except you can experiment with strategies and tools all you want WITHOUT the risks of real trading.

The platform also has a wide range of trading assets in products, including:

  • Stocks

  • Commodities

  • Indices

  • CFDs

  • Forex

  • Exchange traded funds (ETFs)

You can also try fixed-time trading, which offers quick but huge profits for successful trades - up to 92% profit on a single trade. You can even buy stocks with 0% — which is why some consider it the best stock market app.

Check out this short video to get an idea about the Olymp Trade mobile interface:

The spreads are also impressive, with standard accounts starting at a competitive 1.1 pips. Meanwhile, leverage can go as high as 400:1.

Admittedly, Olymp Trade does NOT have trading tournaments, which might be a turn-off for active traders looking for some fun while trading.

Instead, to keep you motivated to keep trading, Olymp Trade has a great loyalty program in the form of statuses and they also offer free trading signals, which is a pretty rare but very valuable feature!

Traders who have reached Advanced and Expert statuses get additional perks such as:

  • Commission discount
  • Trailing stop loss
  • Advisers
  • Personal analyst
  • Specialized webinars

The online trading app has no deposit or withdrawal fees either. For Indian traders, they offer many deposit and withdrawal methods:

  • Skrill
  • Neteller
  • Perfect Money
  • Webmoney
  • Credit/debit cards
  • Cryptocurrency
  • Any bank account

But take note that withdrawals for UNVERIFIED accounts will take longer than usual. The way around this is to verify your account on account opening before you forget.

For more info, you can read our full Olymp Trade review.


  • Intuitive platform
  • Wide range of trading options
  • Offers a loyalty program and free trading signals
  • Attractive spreads


  • No trading tournaments
  • Withdrawal problems for non-verified accounts

2.) IQ Option



Ease of use






Trading Fees


Overall: 4.8


3.7 • 3.3K Ratings

4.2 • 709K reviews

IQ Option is one of the biggest and oldest mobile trading apps — some might even say it’s the best trading app in India.

It has an award-winning platform, garnering titles such as:

  • Intelligent Trading App for Options Trading Award
  • Best Trading Platform
  • Best Mobile Trading Platform
  • Most Innovative Options Trading Platform

IQ Option is mostly known to cater to professional traders, but it’s also good for beginners looking for a mobile trading app they can start with. That’s because this online trading app is easy-to-use and user-friendly. 

IQ Option mobile app

The attention to detail is EXCELLENT as well. That’s because the Android and iOS mobile apps were made differently.

Basically, the Android app was made explicitly for Android users, and the same for the iOS app and its users. Everyone gets the best experience regardless of which version they have!

IQ Option has an extremely high earning potential — with digital options trading having profits as high as 900%!

If that appeals to you, then you can consider it as an option for the best trading app for you.

Other trading options you can choose from include:

  • Forex
  • Stocks
  • Commodities
  • ETFs
  • Options
  • Cryptocurrency

Their crypto trading is something worth talking about since it’s impressively strong. That’s because you can trade with a leverage of 1:100.

IQ Option has a feature called cryptocurrency multipliers, which are leveraged trades that give you a higher risk/reward ratio. They’re also available only to non-EU traders, so account-opening Indians can give them a try.

This trading app has a lot of advanced tools to offer too. Some examples of these are:

  • Technical indicators
  • Visual charting tools
  • Stock screeners
  • Historical quotes

Perhaps one downside to IQ Option is that it has trading fees — such as swap fees and withdrawal fees (after your first FREE monthly withdrawal).

Check out our IQ Option review if you want to know more about this broker.


  • Award-winning platform
  • Extremely high earning potential, up to 900% for successful trades
  • Advanced trading tools
  • Strong cryptocurrency trading


  • Has trading fees

3.) Exness



Ease of use






Trading Fees


Overall: 4.7


4.2 • 686 Ratings

4.0 • 68.8K reviews

The first thing that might catch your attention is that you only need to deposit a minimum of $1 on account opening.

Aside from that, there are no restrictions on how many transactions you can make or what time you make them.

Indian traders have lots of options for deposit and withdrawal methods, such as:

  • WebMoney
  • Perfect Money
  • Neteller
  • Skrill

Exness also has its own social trading platform, which can be a great tool if you don’t know how to trade.

If you value this kind of freedom, then this might be the best app for you.

Exness mobile app

Exness has a few offices worldwide, and traders from India will be onboarded through the Seychelles branch.

It’s easy to get a negative balance in trading if you’re not guessing the market directions correctly

Fortunately, this mobile trading app offers negative balance protection — meaning you can’t lose any more than what you deposited. Exness will absorb any negative balance that hits you.

MetaTrader 4 and 5 are also available to help create the best trading experience.

This trading app offers a wide range of asset classes, including:

  • Metals
  • Forex
  • Cryptocurrencies
  • Energies
  • Indices
  • Stocks

Exness has good security protocols, requiring secondary account verifications to confirm actions. You even get a support PIN when you contact customer support.

However, Exness isn’t exactly the absolute best trading app in India for beginners.

For one, it has limited educational resources COMPARED to other brokers. But some resources you’ll find are:

  • Exness Academy
  • Video tutorials
  • Webinars
  • Glossary
  • An analytical section that shows weekly reviews and analyses of charts and statistics

These might be enough to cover the very basics, but you might need to look for more materials elsewhere.

Another thing that might make this stock trading app have a hard time keeping beginners’ attention is the lack of promotions and bonuses that can motivate people to trade.


  • Low minimum deposit and low fees
  • Offers negative balance protection
  • Has MetaTrader suite
  • Exness does offer social trading
  • Good security protocols


  • Doesn't offer bonuses/promos
  • Limited educational resources

4.) eToro - currently not available for Indian traders!

eToro new logo

For those who don’t know how to trade, and don’t want to learn how to trade either, then eToro is the best online trading app for you.

That’s because eToro has CopyTrader technology, which automatically lets you copy ELITE traders. This lets you have “smart portfolios” since they’re very easy to maintain.

To use this technology, just choose a trader to copy, enter any amount of money, then click the copy button.

Another thing that makes smart portfolios possible is the navigation links that track the values of the cryptocurrencies that eToro offers.

But if you prefer self-directed trading, you can just read the analysis of eToro’s resident expert analysts and traders to inform your decisions.

Though eToro’s strongest suit is cryptocurrencies, the platform also offers at least 3,000 assets in:

  • Commodities
  • ETFs
  • Forex
  • Indices

This mobile trading app has also incorporated social trading elements into its platform.

If you have any evaluations, you can bring them up with your fellow traders through your News Feed. From there, you can also get feedback and tips.

Another big advantage of using eToro is that it’s highly regulated, so it would also be the best trading app for those concerned with security.

You can be sure that the payments are very secure since 64-bit SSL is used to encrypt all payment information.

Aside from that, this online trading app uses blockchain technology, which is very secure.

However, beginners should also know that it has high non-trading fees. These include:

  • $5 withdrawal fee
  • $10 monthly fee after one year of inactivity

But if you plan to be one of the active traders and don’t withdraw often, eToro COULD still be the best app for you.


  • Very beginner-friendly
  • Social mobile trading app
  • Highly regulated


  • Has high non-trading fees

5.) Binomo

Binomo é confiavel

Binomo is a client-oriented platform, so you’re sure that this trading app is still very suitable for beginners.

It helps offer the best trading experience since those with at least a standard trading account can participate in tournaments.

There’s a daily FREE tournament. But there are also paid tournaments with prize funds of up to $40,000.

Aside from tournaments, Binomo offers generous promos. For instance, a beginner might be able to get one-on-one training with a personal manager if they deposit at least $500.

The trading app has many deposit and withdrawal options, such as:

  • Jeton
  • Neteller
  • Indian banks
  • Credit cards

Binomo is admittedly not really the best trading app overall since it only has High/Low trading options since it’s a binary options broker.

This kind of trading offers quick but high returns — in fact, you can get payouts as high as 90%. You don’t have to worry about leverage, either.

However, binary options trading is very risky. That’s because if the stock market doesn’t go in the direction you chose, you’ll lose EVERYTHING you invested in that choice.

If you don’t consider yourself a good risk-taker, this may not be the best trading app for you.

Since Binomo only offers trading for binary options, the trading app only gives you a limited number of assets to choose from.

Some assets you can expect to see are:

  • Indices
  • Commodities
  • Stocks
  • Currency Pairs

It’s also worth noting that the iOS and Android apps have different trading indicators and tools.

Check our Binomo review to learn more about the broker. 


  • Exciting trading experience
  • Many deposit and withdrawal options
  • High earning potential


  • Very high risk
  • Limited assets

6) IIFL Markets

IIFL Markets logo

The India Infoline (IIFL) Markets app would be one of the best stock market apps in India.

Admittedly, it would be more suited to beginners who are ready to trade with a real account. That’s because the IIFL Markets app does not offer a demo account where you can experiment with tools and strategies.

However, it offers PERSONALIZED services to its clients, which would also be very beneficial to beginners.

For one, you get customizable watchlists that can show multiple segments like currencies, making a market watch very convenient.

Some things you can trade in the IIFL Markets app are:

  • Equities
  • Currencies
  • Commodities
  • Futures and Options (F&O)

Perhaps the best thing about this stock market trading app is that it has free research reports of the top 500 companies in NSE/BSE. The IIFL Markets app also has a feature called “Buzz,” which gives you all the latest information on the stock markets and economy.

Aside from the research reports, you also get stock tips and market analysis tools to further help inform your decisions.

In fact, you can get recommendations on the top 500 stocks across different sectors.

Meanwhile, the option chain feature gives you insights into F&O trading.

The IIFL Markets app gives price alerts and other notifications so you can grab opportunities IMMEDIATELY.

However, it’s worth noting that the platform does not offer mutual fund investments. Another thing you might find frustrating about it is that it automatically logs you out of your account after around 15 minutes of inactivity.


  • Multiple watchlists
  • Offers stock tips
  • Free research reports


  • Automatically logs out after 15 minutes of inactivity
  • No demo trading account
  • No direct mutual funds

7) Angel Broking

The Angel Broking app admittedly doesn’t have the best stock market app interface.

However, it offers GREAT portfolio management. In fact, you can even choose from ready-made portfolios to kickstart your trader journey.

If you choose to do it yourself, the Angel Broking app also helps you build a low-cost but high-quality portfolio by investing in various small cases. Then trading experts will help you manage your portfolio.

The platform also offers educational materials, the most comprehensive of which is Smart Money. This guide has structured lessons for both beginners and experienced traders.

Smart Money lets you PERSONALIZE your learning — you even get a certificate once you’ve completed courses.

There’s also the Knowledge Center, which explains the specifics of concepts and terms — such as what a Demat account or equity intraday trading means.

All these make this possibly the best stock market app for you!

The wide array of technical tools on the trading app also makes buying and selling stocks EASY. 

Some of the assets you can choose from are:

  • Stocks
  • IPO
  • F&O
  • Commodities
  • US Stocks

Aside from technical indicators, you get live streaming of charts, stock quotes, and market info, among other things.

For those interested in INTRADAY trading, there are also advanced charts, news, and live updates on the top gainers and losers.

However, the Angel Broking app can be quite inconvenient in that it doesn’t support e-wallets.

Instead, your options are:

  • Citibank
  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • SBI
  • National Electronic Fund Transfer
  • Cheques

You’ll also notice that the platform has trading fees for everything from equity intraday trading to currency options. Only the brokerage for stock investments has no fee.


  • Offers great portfolio management
  • No brokerage fees on trade stocks
  • Good educational materials


  • Not the best user interface
  • Doesn't support e-wallets

What Is a Stock Trading App?

Online trading apps AUTOMATE many of the things a broker does, such as:

  • Placing orders
  • Selling shares
  • Displaying important stock market data

These apps are essentially like middlemen between the stock market and individual traders.

Similar to other fintech apps such as e-wallets, you deposit money in the mobile app. However, unlike most other fintech apps, stock market apps are also a marketplace. Besides the ones we listed above, some other popular trading apps in India are: Zerodha, Robinhood, Fidelity Investments, Interactive Brokers, Groww, 5Paisa or ICICDirect Markets.

How Do Stock Trading Apps Work?

The mobile app lists every financial asset that you can buy or sell. However, transactions actually DON’T happen in real-time.

Instead, when you want to buy stock, your mobile trading app will send your buy order to the exchange. Here, it will also look for anyone who wants to sell that stock.

Depending on the trading volume of the asset you chose, this process could take minutes to even days.

Then, when you place a successful trade, the platform typically gets a fee in the form of a percentage of your proceeds. However, some online trading apps charge a flat fee.

Everything else is transferred to your portfolio.

The BEST trading apps in India even have additional features, such as:

  • Real-time market watch
  • Price alerts
  • Research
  • Advanced charts
  • Learning resources

Is It Safe to Use Stock Trading Apps?

Yes, trading apps are designed to be VERY secure. Aside from giving you a great trading experience, they also ensure security during the whole trading process.

After all, they handle sensitive information such as your personal and financial details.

Some things you can do to be sure that your mobile trading is secure are:

  • Set up two-factor authentication.
  • Research an app’s regulatory bodies.
  • Check for SSL encryption.
  • Only download the app from trusted sources.

Factors to Consider for the Best Trading App in India for You

Any of the trading apps on this list could easily be the best trading app in India for you.

However, to properly choose among these best stock trading apps, there are several factors you should consider. These include:

#1 Products and Assets

Maybe the first thing you’ll want to check is the products and assets that an investing app offers.

Trading instruments like the following are common to every trading app:

  • Commodities
  • Cryptocurrencies 
  • Currencies
  • Indices
  • Stocks

There are also some that offer mutual funds.

Aside from that, you should take a closer look at the specifics that they offer.

For instance, you can trade in digital gold, silver, and other metals on any mobile trading app. However, you might also be interested in other assets in commodity trading, such as:

  • Energy – such as natural gas, ethanol, and propane
  • Agricultural – such as orange juice, sugar, and cotton
  • Industrial – such as aluminum, soda ash, and kraft pulp
  • Livestock – such as beef, feeder cattle, and salmon

As such, you should immediately deeply dive into what assets trading apps in India can offer you.

#2 Platform – ease of use

A mobile app is designed to open quickly and have simpler navigation features than its web or browser counterparts.

As such, the best mobile trading apps in India should have a user-friendly interface that’s easy to navigate. 

A user-friendly interface is especially important to beginners who are also still learning about trading in general.

Of course, it should also make it easy to place orders and close trades. After all, timing is very important if you want to catch the best equity trades and mutual funds.

One-click trading features and stop-loss management can also be helpful to newcomers to the world of trading.

#3 Reliability

There are many things that go into the reliability of a stock market app.

For one, you want an app that gives you a seamless trading experience. 

As mentioned, timing is extremely important in trading. As such, you’ll want a mobile trading app that won’t crash or freeze while you’re trying to get those equity intraday trades before the markets close.

If you plan to only be a PASSIVE trader, then you can afford to be more flexible since you’re not watching the stock market the whole time.

However, if you want to be a more aggressive trader who frequently makes large trades, you should be more critical about getting the best free trading app in India for you.

Another important aspect of reliability is customer support.

Typically, you can get help through the following avenues:

  • Chat
  • Email
  • Phone

It would be very helpful if the platform offers support in Hindi as well. 

In fact, IQ Option, in particular, even offers toll-free access support for Indian traders.

The most important part of reliability is security. After all, traders want to be sure that their personal and financial information won’t be leaked or their accounts won’t be hacked.

#4 Trading Costs

Any trading app in India naturally has some sort of fee — whether trading or non-trading. However, the cost and kind of fees vary per mobile app.

For instance, many of these apps don’t have fees for deposits, withdrawals, or account inactivity. But some apps do charge fees for these, and a few even charge quite high.

Other kinds of fees to watch out for are:

  • Account maintenance fee
  • Broker-assisted fee
  • Fee-per-trade
  • Account transfer fees

There are actually apps that offer commission-free trading for certain types of trades, meaning you get to keep more of your investment earnings.

To make the most of your earnings, you can look for a stock market app with commission-free trading for the products you want to trade in. Alternatively, find an app that offers the lowest fees for your chosen products.

#5 Features

Features are another extremely important factor to consider to ensure the best trading app experience.

Traders typically have to choose between technical or fundamental analysis to help inform their next move. However, the best trading apps in India offer market analysis tools that are great for both fundamental AND technical analysis.

Once beginners have gotten used to the tools, they’ll be able to execute trades faster and be more accurate in guessing the direction of the stock market.

You’ll want a wide array of technical indicators, graphical objects, timeframes, and advanced charts at your disposal.

However, when checking tools, you’ll want to look at the mobile trading app itself. That’s because not every tool that you can use on a platform’s browser version is also available in the app.

Additionally, the tools your mobile app gets might be different depending on what VERSION you get.

For instance, iOS users of Binomo have fewer options compared to Binomo’s Android users.

Another good feature to look out for is a demo account. 

This gives you virtual funds that can be replenished unlimitedly. But more than that, you can test out different tools and strategies RISK-FREE.

Frequently Asked Questions

We understand that, as a beginner, it’s not easy to find the best trading app in India for you. As such, we’ve answered a few frequently asked questions below:

Is Forex Trading Legal in India?

Yes, forex trading is legal in India. However, you should undertake forex transactions only with authorized brokers and with allowed currency pairs.

Offshore brokers are typically not SEBI-registered. SEBI, or Securities and Exchange Board of India, is the country’s securities market regulator.

They’re very strict about licensure, especially when forex trading is concerned. The bottom line of it is that the Reserve Bank of India wants to reduce the outflow of INR from India.

A local trading app in India is easier to monitor and control since they’re required to have a SEBI license to operate.

As for offshore brokers, they choose to just operate ILLEGALLY instead of pushing for a license.

Despite that, any premier mobile trading app from an offshore broker can still be reliable as long as you ensure that they’re regulated by a reliable body — such as CySec or the Financial Commission.

Which Trading App Is Easiest and Best for Beginners?

In our opinion, Olymp Trade is the best trading app in India for beginners. That’s because it offers a great trading experience, a beginner-friendly interface, exciting features like free trading signals, built-in strategies, and a gamified loyalty program.

Additionally, it has GREAT educational resources.

Which Trading App Is Cheapest in India?

Exness is the best trading app in India for you if you’re looking for the lowest deposit to cash in. That’s because you only need to deposit a minimum of $1 to start trading.

Aside from being cheap, this mobile app is worth it because it has negative balance protection and a MetaTrader suite that beginners will surely appreciate.

You won’t find any restrictions on deposits and withdrawals either.

Which App Is Best for Small Trading in India?

Olymp Trade is perhaps the best stock trading app in India if you think you want to focus more on small trades.

That’s because this mobile trading app lets you buy fractional shares starting from $1, with 0% broker fee. 

Which Is the Safest Trading App in India?

Exness would be the best trading app in India for you if you’re very concerned about security.

That’s because it uses 64-bit SSL encryption to protect all your payment information.

For one, secondary account verifications (such as sending PINs or two-factor authentication) are required before certain actions are taken.

You’re also given a support PIN so you can verify your identity when contacting customer support.

Do You Need API Access for Trading Apps?

Yes, you need API access to use your online trading app in India. API, or application programming interface, connects a platform’s screening software to your Demat account so you can see real-time market news.

Can I Trade Mutual Funds on Trading Apps?

Not all trading apps offer mutual funds trading.

If mutual funds trading is something you want to try, you’ll have to look for different apps — such as the Upstox mobile app.

Angel One, the company that made the Angel Broking app, also offers perhaps the best mutual funds app in India called “Angel Bee.”

Here, you’ll find various categories of mutual funds for a diverse investment portfolio.

Contrary to intraday and other kinds of trading, mutual funds trading takes place AFTER the markets close for the day.

Final Thoughts

The best trading app ultimately depends on your needs.

To find the perfect match, you’ll ideally have to look at the products they offer first. However, you should also be aware that you typically can’t find mutual funds on every trading app.

After that, you’ll also have to consider other factors like an app’s interface, reliability, fees, and features.

But in the end, the best app for you lets you enjoy trading and ensure a smooth and safe experience.

However, if you ask us, we would pick Olymp Trade as the #1 trading app in India!




Ease of use






Trading Fees


Overall: 4.9


3.7 • 4.8K Ratings

4.1 • 896K reviews