Best Day Trading Apps In India

Online trading apps in India are becoming increasingly popular, allowing retail investors to trade stocks, forex and cryptos directly from mobile and tablet devices. But which are the best trading and investment apps to earn money? In our 2024 updated test of top day trading apps in India we have compared the mobile apps on all important features – from market access and commission-free investing to safety ratings and iOS and Android compatibility. Our experts have compiled a list of the top 5 online trading apps in India along with a larger comparison of all the alternatives.

Top 5 Day Trading Apps In India

After our tests we have found that these are the 5 best trading apps in India:

  1. AvaTrade - iOS & Android
  2. XM - iOS, Android & Windows
  3. FXTM - iOS & Android
  4. Deriv.com - iOS & Android
  5. Expert Option - iOS & Android

Best Day Trading Apps In India Comparison

Best Day Trading Apps In India Comparison
Broker iOS Rating Android Rating Minimum Deposit Trading Markets Regulators Visit
AvaTrade logo
$100 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA, BVI, ADGM Visit
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures ASIC, CySEC, DFSA, FSC, FSCA Visit
FXTM logo
$10 Forex, CFDs, Indices, Commodities, Stocks CySEC, FCA, FSCA, FSC Visit
Deriv.com logo
$5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities MFSA, LFSA, VFSC, BFSC Visit
Expert Option logo
$10 Options, Stocks, Commodities, Forex, Crypto, Futures, SVGFSA Visit
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto ASIC Visit
Forex.com logo
$100 Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto FCA, CySEC, NFA, CFTC, CIMA, CIRO, SFC Visit
Quotex logo
$10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos - Visit
FxPro logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Futures FCA, CySEC, FSCA, SCB, FSC Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto CySEC Visit
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA Visit
Fusion Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto ASIC, VFSC, FSA Visit
Pocket Option logo
$50 Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos MISA Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTradeGO consistently impresses with its comprehensive mobile trading experience, boasting an interface that’s not just easy to use, but genuinely intuitive. Navigating the app is a breeze, ensuring fast access to hundreds of markets, including forex, stocks, indices, commodities, ETFs, and bonds. However, what sets AvaTradeGO apart is its AvaProtect™ feature, offering an unmatched level of risk protection that’s rare to find elsewhere.

"AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit."

- DayTrading Review Team
  • iOS App Rating: 4.3 / 5
  • Android App Rating: 4 / 5
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FRSA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Min. Deposit: $100
  • Min. Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

About AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.

Pros

  • There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
  • AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more
  • Automated trading is supported through MetaTrader Expert Advisors (EAs), as well as the AvaSocial and DupliTrade tools

Cons

  • There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
  • A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
  • It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here

#2 - XM

Why We Chose XM

XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand.

"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."

- DayTrading Review Team
  • iOS App Rating: 4.7 / 5
  • Android App Rating: 3.9 / 5
  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Leverage: 1:1000

About XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

Pros

  • XM is a hugely respected broker authorized by tier-one regulators
  • Accessible trading accounts with a $5 minimum deposit and fast account opening
  • 1000+ instruments are offered including 50+ forex pairs which is higher than average

Cons

  • PayPal deposits are not supported
  • There is weak regulatory oversight through the global entity
  • There's $5 inactivity fee after only 3 months, though this won't affect active traders

#3 - FXTM

Why We Chose FXTM

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

"FXTM is a good pick for day traders seeking low forex commissions on the MetaTrader 4 platform. That said, the range of other assets is not extensive for those looking to diversify, especially stocks and cryptocurrencies."

- DayTrading Review Team
  • iOS App Rating: 4.8 / 5
  • Android App Rating: 4.4 / 5
  • Instruments: Forex, CFDs, Indices, Commodities, Stocks
  • Regulator: CySEC, FCA, FSCA, FSC
  • Platforms: FXTM App, MT4, MT5
  • Min. Deposit: $10
  • Min. Trade: 0.01 Lots
  • Leverage: 1:2000

About FXTM

FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ day trading markets and three account types, they cater to all levels of trader. Get a 30% Deposit Bonus - Get an extra 30% on top of your deposit – that’s up to $200 more to trade with.

Pros

  • The broker delivers an excellent charting environment for day traders, with over 30 technical tools offered in the MT4 platform, plus a range of additional platform indicators for monitoring spreads, orders, pivot levels and more
  • The broker has a good reputation with multiple industry awards and oversight from top-tier regulators like the CySEC
  • Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders

Cons

  • There are limited e-wallet payment options compared to alternatives
  • Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals
  • It’s a shame that ETFs and bond products are not available, and the selection of stocks is not extensive compared to competitors like AvaTrade

#4 - Deriv.com

Why We Chose Deriv.com

Deriv GO shines with its straightforward app design and diverse trading opportunities, from traditional markets to custom indices that simulate real-world markets and offer 24-hour trading, including on weekends. The in-app chat assistance, which can’t be found at many alternatives, is also fast and reliable, providing an important layer of support for new users.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • iOS App Rating: 4.2 / 5
  • Android App Rating: 4.5 / 5
  • Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
  • Regulator: MFSA, LFSA, VFSC, BFSC
  • Platforms: Deriv Trader, MT5
  • Min. Deposit: $5
  • Min. Trade: 0.01 Lots
  • Leverage: 1:1000

About Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs and multipliers, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

Pros

  • The free demo account is ideal for practicing short-term trading strategies and no registration is required
  • Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters
  • The low $5 minimum initial deposit suits those on a lower budget

Cons

  • The range of 100+ assets trails some competitors such as Quotex which offers 400+
  • There's no loyalty program or rebate scheme for high volume traders
  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent

#5 - Expert Option

Why We Chose Expert Option

Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The ‘Tap Game’ is also gimmicky and does little to serve serious traders.

"Expert Option will suit aspiring traders who want to access the financial markets through an options broker with a very easy-to-learn bespoke platform. The user-friendly day trading platform is clear and reliable."

- DayTrading Review Team
  • iOS App Rating: 2.5 / 5
  • Android App Rating: 4.2 / 5
  • Instruments: Options, Stocks, Commodities, Forex, Crypto, Futures,
  • Regulator: SVGFSA
  • Platforms: Expert Option Web Platform
  • Min. Deposit: $10
  • Min. Trade: $1
  • Leverage: N/A

About Expert Option

Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders.

Pros

  • High payouts up to 95% are above the industry average
  • There's a decent range of educational resources, including trading strategies, webinars and platform tutorials
  • The analytical tools for higher-level accounts are a useful addition for experienced day traders

Cons

  • Very expensive $50 dormancy fee after 3 months of no trading activity
  • Expert Option isn't available in several countries, including the EU, Australia and the US
  • The broker doesn't offer any popular leveraged products such as CFDs

How Trading Apps Work

Trading apps connect individual investors with popular financial markets, such as the NSE (National Stock Exchange of India) or the USD/INR forex pair. From a mobile device, users can buy and sell stocks at the click of a button, track their trading activity in real time, and make deposits and withdrawals.

Alternatively, some day trading apps in India are solely developed to provide market analysis, live signals, financial news, or a demo trading environment. These investment applications essentially support the decision-making process for aspiring traders.

Retail investors can download online trading apps from popular brokers or directly via the Apple App Store and Google Play. Traders simply need a stable internet connection and a compatible mobile or tablet device.

Interestingly, India is one of the most rapidly growing markets for mobile app trading. Mobile investing was only introduced in the country in 2010 but has seen exponential growth in the last few years, particularly following the Covid-19 pandemic.

The result is that Indians now have a long list of mobile trading applications to choose from. But an increase in choice can make it harder to find the ‘right’ investment app.

How To Compare Online Trading Apps In India

There are several key factors to consider when looking for the best online trading app:

Online trading apps in India - XM
XM App

Types Of Trading Apps

Alongside traditional trading apps, other types of mobile investment applications can prove useful to Indian traders.

Financial News

News trading apps have become popular in India, providing real-time bulletins to a wide audience base. The best applications for traders provide access to the latest information on business, the economic climate, and political events.

The latest announcements on Gross Domestic Product (GDP) and Consumer Price Index (CPI), for example, can have a significant impact on the volatility of Indian stocks

There are several financial news apps that our experts recommend for Indian traders:

Signals

Sometimes referred to as a trade notification or alert, signals can alert investors to potential trading opportunities with information on when to enter and exit a position. Traders can essentially access the latest market data, alongside trade suggestions and strategy tips.

Importantly, trading signal apps provide information directly to Indians’ phones, including through push notifications. This could be via WhatsApp, SMS, or email.

Our top picks for Indian traders are:

Automated Trading

Automated investing apps or algo bots are in demand, particularly for Indian retail investors looking for a hands-off approach to trading.

Automated mobile apps can execute trades on an investor’s behalf, following pre-defined criteria. Users can define a strategy and set limits and let the application do all the analysis work in the background.

After testing various automated online trading apps in India, our experts had several favorites:

Demo Trading

Many brokers offer demo accounts via iOS and Android-compatible apps.

Suitable for beginners, the top virtual apps provide Indian traders with access to real-time pricing and market conditions, plus all the features and tools that can be used within a live profile. Also look out for additional in-built education and learning materials to use alongside paper trades.

Final Word On Online Trading Apps In India

Indian trading apps connect aspiring investors with popular financial markets, whether that’s stocks listed on the National Stock Exchange of India or shares in US technology firms and major forex pairs.

To find the best online trading app in India, compare commissions, spreads and fees, market access, device compatibility, additional tools, and support for local deposit and withdrawal methods.

Use our ranking of the top online trading apps in India to get started today.

FAQs

Yes, online trading is legal in India, including through mobile devices. With that said, check the regulatory status of the hosting brokerage before downloading the mobile trading application.

Firms will either be registered with the Securities and Exchange Board of India (SEBI) or another trusted regulator, such as the UK Financial Conduct Authority (FCA), the Australian Securities & Investments Commission (ASIC), or the Cyprus Securities & Exchange Commission (CySEC).

Which Is The Best Online Trading App In India For Beginners?

Beginners may want to sign up with an app that offers demo trading. Alternatively, look for trading firms that offer good educational resources, copy trading tools, plus on-hand customer support.

Use our list of beginner-friendly trading apps in India to find a suitable provider.

What Type Of Online Trading Apps Are Available To Indian Investors?

Traders in India can access several different trading and investment apps. This includes a standard brokerage app which facilitates trading in stocks, forex, commodities and cryptos.

Alternatively, some online trading apps in India specialize in news announcements, market insights, forex signals, copy trading, and automated bots.

What Are The Top Online Trading Apps In India?

Among the best online intraday trading apps in India are Moneta Markets, Deriv.com and Vantage. These firms offer iOS and Android-compatible applications with hundreds of financial instruments, commission-free deposits, regulatory oversight, plus competitive trading fees for Indian investors.

Which Online Stock Trading App Is Best In India?

There is no ‘best’ online share trading app in India. Financial goals, risk appetite and user preferences vary between traders. With that said, the top stock trading apps in India offer access to the NSE and BSE, alongside trading on popular global markets, such as US, EU, Asian and Australian stocks. Some leading share trading apps also offer commission-free trading and fractional stocks.

Head to our full guide for the best Indian stock trading apps in 2024.