Top 10 Stock Brokers offering online Trading Platform in India

Top 10 Stock Brokers offering online Trading Platform in India

Top 10 Brokers are ranked based on technical features of the platform (charts, intraday & OHLC data, indicators and advance orders), technical glitch, user interface etc.

Scroll down to know brief information about the broker :

Rank Broker Name
1 Zerodha
2 ICICI Direct
3 Sharekhan
4 Fyers
5 Upstox
6 IIFL
7 SAS Online
8 Tradejini
9 Angel Broking
10 HDFC Securities

Zerodha is a discount broker established in 2010, headquartered in Bangalore. They are depository participant of CDSL and offer products like :

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Zerodha Pros Cons
Kite Mobile

With sentinel, you can create market alerts, SIP alerts etc.

Get a general review of fundamental analysis of a stock using small case.

Through streak, you can get a technical view of the required securities

Exit multiple positions at a single click.

Fingerprint login

Frequent technical issues and order placements getting stuck, resulting in the loss of client’s money.

Doesn’t calculate and display net profit.

Shows profit of previous trades when doing a particular trade for the second time, creating confusion.

Bad user interface.

Lacks automatic refreshing of page from time to time

Kite Web

Access to Quant which is a behavioral analytics and visualization tool for fundamental analysis.

Integration with 3rd party apps. Kite allows to integrate apps developed by it’s partners.

It provides desktop notifications even if you’re not logged into the application.

Displays graph on performance of each holding.

Allows to trade from charts directly.

Provides a feature of repeating orders already bought before.

No option to invest in IPOs.

It crashes frequently during high volume trade days which is a big let down.

Pi

Access advanced charting using 10 different types of charts with in-built technical indicators and 30+ drawing tools for annotation.

Directly place orders from the charts.

Code strategies with simple scripting language and backtest them with historical data.

Draw a technical analysis pattern which Pi will recognize and find it anywhere in the chart.

Allows to trade from charts directly.

Certain features need time to get familiar with.

User interface is not friendly.

Doesn’t support Mac and Linux Operating systems.

ICICI Direct is a full-service broker established in 2000 headquartered in Mumbai, they are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
ICICI Direct Pros Cons
ICICI Direct - Mobile

Portfolio Tracker.

Market movement’s tracker.

Need to focus more on app development.

Lack of updates.

Poor user interface.

Trade Racer - Web

It can be used flexibly in mobile, computer, etc.

Tips based on Technical and Fundamental analysis.

Not suitable for beginner traders.

Average User interface.

Trade Racer - Desktop

Trend Scanner – Find price trends (direction of price movement) for a

Through Live Scanner find New Highs and New Lows for a stock for multiple timeframes like (daily, weekly, monthly).

With Market Tracker option, you can spot real-time trading opportunities conveniently by customizing preferred technical parameters like:

With Market Tracker option, you can spot real-time trading opportunities by customizing technical parameters like:

1. Pivot Levels

2. Charts

3. Corporate Announcements.

4. Heat Maps.

5. Moving Averages.

6. Market Depth.

7. Global Indices etc.

Frequently used widgets can be accessed easily using the icon bar.

    Very frequent updates.

    Lag in opening charts.

Sharekhan is a full-service broker established in 2000, headquartered in Mumbai. They are depository participant of NSDL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Sharekhan Pros Cons
Sharekhan Mobile

Enter your investment purpose like children marriage or and you will get fund recommendations through Robo advisor that best suits your purpose.

Access various advanced charts like Candlesticks, Bar, Renko, etc. with multiple time frames ranging from 1minute to 1 year.

Also invest in IPO’s, SIP’s, etc.

The app is not very smooth, hangs frequently.

Login issues.

Not customizable.

Sharekhan Web

My portfolio feature enables in depth details on traders investments.

Provides Neo a robo advisory feature that provides automated recommendations.

Speed is decent but can be improved.

Trade Tiger - Desktop

Use price alert feature to track a stock if it crosses a required price level.

With oneclick feature, you can select a predetermined condition like highest gainers, highest losers, etc. and get the list of stocks.

Use stock scanner function to scrutinize stocks as per your requirement. It also has predetermined scanners.

Use bulk order feature to place multiple orders with a single click.

Use heat maps to get overview of stocks easily with customized colors.

Use news and events feature to keep yourself updated with the news.

Not available for mac and linux operating system.

Very slow.

Not user friendly.

Fyers is a Discount Broker established in 2015, headquartered in Bangalore. They are depository participant of CDSL & NSDL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Fyers Pros Cons
Fyers Market - Mobile

EOD data of 20+ years.

Heat maps.

Corporate actions update.

Trade from charts.

No notification alert on completing an order.

Complicated user interface.

Fyers Web

Allows opening 8 charts at an instant.

Lightweight application.

Neat and easy user interface.

Allows comparison between equity spot, futures and options prices in the same chart.

Limited features for technical analysis.

Lacks clarity in small screen devices.

Fyers One - Desktop

Advanced charting with 60+ technical indicators.

EOD data of up to 10+ years.

Intraday data up-to 30 days (1min & 5min).

With Market meter find out top market movers.

Doesn’t support Mac and Linux Operating systems.

Not user-friendly.

Upstox is a discount broker established in 2012, headquartered in Mumbai. They are depository participant of CDSL & NSDL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Upstox Pros Cons
Upstox pro - Mobile

Unlimited watchlists.

Trade from charts.

Heat maps.

User interface is suitable for traders, not for investors as there are many charts included.

Not at par with the apps provided by other brokers.

Clients have reported app hanging at times.

Upstox pro - Web

Frequent updates of the platform.

Efficient charting with over 100+ indicators.

Good user interface and customizable platform.

Limited technical analysis tools compared to other trading platforms.

Nest trader - Desktop

Through snap quote feature, user can view the details of a scrip such as top 5 bids, high-low, open price, 52-week high-low, volume, etc.

You can compare scrips using compare scrips option.

The data from the marketwatch can be transferred to excel sheet through link to excel option, where the excel sheet keeps on updating or refreshing from time to time.

Combined market depth option will show the top 10 bid and ask.

Doesn’t support Linux and Mac Operating systems.

Requires high internet speed.

User interface is average.

Lacks frequent updates.

Doesn’t permit trading from charts.

Fox Trader - Desktop

With advanced charting you can access upto 20 types of charts in fox standard and 50 in fox premium.

With live intraday market scanners you can scan upto 500 scrips of a specific index based on your analysis in fox standard and all scrips of the index in fox premium.

With 300+ studies and 200+ signals you can backtest your strategies with past data and also in real-time.

Trade from charts.

Doesn’t support Mac and Linux Operating systems

Cannot function smoothly on lower specification computers.

At times Scanner option doesn’t function properly

Doesn’t support EOD screening.

IIFL is a full-service broker established in 2000 headquartered in Mumbai, they are depository participant of CDSL and tehy offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
  • Fixed Deposits
IIFL Pros Cons
IIFL Mobile

Use price alerts feature to track a stock if it crosses a required level.

Free research report of top 500 companies listed in NSE and BSE.

Easy access to IPO’s.

Access to live news.

Live trading tips backed with research for equity, commodity, currency and F&O

Price alert issues.

Charting issues.

Server issues.

IIFL Trading Terminal - Desktop/Web

Two-factor authentication login.

Use options calculator to calculate annual interest, strike price, delta, gamma, theta etc.

Create strategies of your own and see them perform in live markets and optimize the strategy as you like based on its performance.

Live news access through ET Now.

Plenty of complaints about the platform.

SAS Online is a discount broker established in 2012, headquartered in New Delhi. They are depository participant of NSDL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
SAS Online Pros Cons
Alpha Mobile

More than 10 real-time advanced screeners can be viewed and using which you can place orders quickly. Ex: You can choose the type of stocks like most active stocks and segment like nifty 50 and you will get a list of most active stocks of nifty 50.

Click on any scrip in market watch and you can see market depth with 5 bids/asks, news of the particular scrip and advanced charts with multiple timeframes.

With advanced alerts option, you can create customized alerts. Ex: Select a scrip and choose price greater than 200, the app will notify you when the scrip crosses 200 .

Charts are not user-friendly making it difficult for analysis.

Complaints of the app logging off automatically.

Password and credentials validation issues are also regularly faced.

iOS version of the app is unsatisfactory with clients facing a lot of issues.

Alpha Web

Reported to be slow when switching between holdings, positions, orders, and cash.

Trade from charts.

Use expert advisor feature to write a code in simple language, back test it and start trading. Ex: Select a scrip, go to chart, click artificial intelligence and select expert advisors, add logic/technical indicators like RSI @ 50, whenever the condition is met you will get a pop-up notification and you can enter into a trade.

Through scanner feature, write a code in simple language and find the stock in real-time. Ex: Select scanner, write the required criteria like open=low, select symbol like Nifty50 and click on load, you will get all the stocks whose open is low for the day.

Tradejini is a discount broker established in 2012, headquartered in Bangalore. They are depository participant of CDSL and offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Tradejini Pros Cons
Tradejini App Mobile

Market scanners.

Charts by TradingView.

User-friendly interface.

No updates since inception.

Doesn’t support multiple versions of android.

Complaints of frequent logging out from the screen and app crashes.

Arrow Web

Clean and neat user interface.

Lightweight application.

Has widgets to track your orders and positions instantly.

Single sign-in for back office.

Doesn’t permit trading from charts.

Vega - Desktop

Drag and drop widgets, personalize the platform as per your preference.

With Vega Watch, filter stocks on the basis of quantity, last traded price, etc.

With Vega Scanner spot trends, support and resistance levels, etc.

Use the study manager with 100+ indicators, customize and combine them in any way.

Use hotkeys to trade from anywhere in the application with an exhaustive list of shortcut keys

Doesn’t support Linux and Mac Operating systems.

Requires high internet speed.

User interface is average.

Lacks frequent updates.

Doesn’t permit trading from charts.

Angel Broking is a full-service broker established in 1987 headquartered in Mumbai, they are depository participant of NSDL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
Angel Broking Pros Cons
Angel Broking Mobile

Use ARQ an automated advisory.

Use 40+ technical charts for a detailed analysis of a stock.

The app is frequently updated.

High-spee

Requires High-Speed internet.

Login issues.

Average User interface.

Angel Broking Web

Provides timely updates with research reports.

ARQ an automated investment gives personalized advisory offering index beating returns.

Customizable notifications and alerts

Has multiple advanced charts and technical indicators.

Features are limited.

Average User Interface

Website is not compatible with browsers like internet explorer

Angel Speed Pro - Desktop

Application auto-updates to ensure smooth functioning.

Can be customized according to a trader’s need.

Latest business news, Fundamental stock data.

Provides 60+ technical charts.

Average user interface.

Does not support Mac and Linux operating software.

Requires higher processing systems.

HDFC Securities is a full-service broker established in 2000 headquartered in Mumbai, they are depository participant of NSDL & CDSL and they offer products like:

  • Equity Spot
  • Equity Futures and Options
  • Currency Futures and Options
  • Commodity Futures and Options
  • Mutual Funds
  • Bonds
HDFC Securities Pros Cons
HDFC Securities Mobile

Access to trending investing ideas.

Access to stock details with just a single click.

Advanced charting features.

Customizable notifications

Average user interface.

Login issues.

Average speed performance.

HDFC Securities Web

Sentimental analysis looks at market trends and gives analyses accordingly.

Predictive data analysis provides market and news analysis for decision making.

8 different advanced charts

Good user interface

It is a paid platform.

Not suitable for browsers like internet explorer.

Requires high-speed internet.

Blink - Desktop

Shortcut keys for faster trading.

Has advanced charting facilities.

High-speed performance.

Can be customized according to traders need.

Needs high processor system to operate smoothly..

Does not support Linux operating systems.

Not suitable for beginners.





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