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Zerodha Kite is the best free stock trading app.Although all brokers offer free mobile and web trading app, still, Zerodha Kite (mobile and web) platform pioneer in all aspects. Super-fast technology, intuitive UI, 2Factor Authentication, and advanced charting are some of the features available on the Kite app. Upstox, Fyers, Angel One, 5paisa and Prostocks are also offering competitive platforms.
Every broker provides Android and iOS based mobile trading app for online trading. With discount brokers, you will not see a major difference in the brokerage model. Only one thing that you need to focus on is what type of investor or trader you are? and what are your expectation?
Like if you are an IPO investor or long-term investor, in such case you should choose a small brokerage house where you will get customized services like Fyers or Prostocks.
If you are an active trader, then you need a feature-loaded trading platform like watch lists, stock charts, and other tickets. Zerodha Kite App, Upstox Pro App, and Angel Broking App should be your preferred choice.
If you are an algo trader, you need to find a broker who is offering unlimited monthly plans. Because with algo trading you will execute minimum 20 to 50 trades per day. In this case brokerage is your one of the biggest expense. Prostocks is one of the brokers that is offering an unlimited monthly plan [RS 899 PM] with access to API [Rs 999 PM API charges].
Nowadays, all online brokers offer no minimum deposit to open an account online. There is no minimum balance requirement when you open a demat and trading account. You need funds only to buy any stocks or F&O positions. So with any amount i.e Rs 500 also you can start trading in Indian stock market.
