Best Day Trading Apps In India 2024

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 online trading apps in India along with a larger comparison of all the alternatives.

Top 10 Day Trading Apps In India

After our tests we have found that these are the 10 best trading apps in India:

Click a broker for details
  1. 1
    AvaTrade
    Apps for iOS & Android
    20% Welcome Bonus up to $10,000

    Ratings
    4.8 / 5
    4.3 / 5
    4.5 / 5
    3.8 / 5
    4.3 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5

    $100
    0.01 Lots
    1:30 (Retail) 1:400 (Pro)
    ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
    WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
    Skrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, Boleto
    USD, EUR, GBP, CAD, AUD
  2. 2
    XM
    Apps for iOS, Android & Windows
    $30 No Deposit Bonus When You Register A Real Account

    Ratings
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4.3 / 5
    4 / 5
    4.5 / 5
    4.5 / 5
    4.5 / 5
    4.7 / 5
    3.9 / 5

    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF
    Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
    MT4, MT5
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF
  3. 3
    Deriv.com
    Apps for iOS & Android

    Ratings
    3.5 / 5
    4.5 / 5
    4.5 / 5
    4 / 5
    4 / 5
    4.1 / 5
    2.5 / 5
    3 / 5
    4.2 / 5
    4.5 / 5

    $5
    0.01 Lots
    1:1000
    MFSA, LFSA, VFSC, BFSC
    CFDs, Multipliers, Forex, Stocks, Indices, Commodities
    Deriv Trader, MT5
    Neteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash
    USD, EUR, GBP, AUD
  4. 4
    FXTM
    Apps for iOS & Android
    30% up to $100 via Exinity Ltd

    Ratings
    4.3 / 5
    4 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3.8 / 5
    3.8 / 5
    3.5 / 5
    4.8 / 5
    4.4 / 5

    $200
    0.01 Lots
    1:2000
    CySEC, FCA, FSCA, FSC, CNMV
    Forex, CFDs, Indices, Commodities, Stocks
    FXTM App, MT4, MT5
    Neteller, Skrill, Visa, WebMoney, Perfect Money, Western Union, Credit Card, Google Wallet, PayRedeem, Maestro, GlobePay
    USD, EUR, GBP
  5. 5
    Expert Option
    Apps for iOS & Android
    100% deposit bonus

    Ratings
    2.5 / 5
    3.8 / 5
    3 / 5
    3.3 / 5
    2.8 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    2.5 / 5
    4.2 / 5

    $10
    $1
    N/A
    SVGFSA
    Options, Stocks, Commodities, Forex, Crypto, Futures,
    Expert Option Web Platform
    Visa, Skrill, Neteller, FasaPay, Mastercard, UnionPay, WebMoney, Wire Transfer, Perfect Money, Bitcoin Payments, Maestro, M-Pesa, Flutterwave
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, AED
  6. 6
    IC Markets
    Apps for iOS & Android

    Ratings
    4.6 / 5
    4 / 5
    3.5 / 5
    4.6 / 5
    4 / 5
    4.5 / 5
    4 / 5
    3.5 / 5
    3.1 / 5
    4.2 / 5

    $200
    0.01 Lots
    1:1000
    ASIC, CySEC, FSA, CMA
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
    MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
    PayPal, Skrill, Neteller, Visa, UnionPay, Wire Transfer, Rapid Transfer, Mastercard, POLi, BPAY, Credit Card, Klarna, Swift, SafeCharge
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  7. 7
    Pepperstone
    Apps for iOS & Android
    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

    Ratings
    4.6 / 5
    4 / 5
    3.8 / 5
    4.4 / 5
    4.4 / 5
    4.6 / 5
    4.3 / 5
    4 / 5
    4.4 / 5
    4.1 / 5

    $0
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
    MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
    Visa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, Skrill
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  8. 8
    RoboForex
    Apps for iOS & Android, R StocksTrader
    $30 No Deposit Bonus
    RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.5 / 5
    4.1 / 5
    4.3 / 5
    3.8 / 5
    3.8 / 5
    4.7 / 5
    4.4 / 5

    $10
    0.01 Lots
    1:2000
    IFSC
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
    R StocksTrader, MT4, MT5, TradingView
    Visa, iDeal, Trustly, Neteller, Skrill, Giropay, Sofort, Wire Transfer, Rapid Transfer, Alipay, POLi, Perfect Money, MoneyGram, Cashu, SafeCharge, WeChat Pay, Vietcombank Transfer, Volet, ecoPayz, AstroPay
    USD, EUR
  9. 9
    DNA Markets
    Apps for iOS & Android

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.9 / 5
    3.5 / 5
    3.6 / 5
    1.8 / 5
    1.6 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC
    CFDs, Forex, Indices, Commodities, Stocks, Crypto
    MT4, MT5
    Credit Card, Debit Card, Wire Transfer, BPAY, Skrill, Neteller, Bitcoin Payments, Bitwallet, AstroPay, Mastercard
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  10. 10
    FOREX.com
    Apps for iOS & Android
    20% Welcome Bonus Up To $5000

    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5

    $100
    0.01 Lots
    1:400
    NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA
    Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Here is a summary of why we recommend these brokers:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. IC Markets - IC Markets deliver mobile apps for their cTrader, MT4, MT5 and TradingView  platforms. They have been developed on Android and iOS separately, taking full advantage of the functionality available on each. With raw pricing, and spreads from 0.0, the apps deliver an excellent trading tool for all levels of trader. Yet what really stands out is how they’ve managed to maintain the lightning-fast execution speed IC Markets is known for, right within the apps. It’s a seamless trading experience that feels both professional and highly responsive.
  7. Pepperstone - Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for day traders familiar with these leading third-party trading solutions. Despite the absence of a proprietary app, these platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes.
  8. RoboForex - RoboForex continues to excel with its wide range of iOS and Android-friendly platforms to meet short-term trading needs, including MT4 and MT5. The R StocksTrader app performed particularly well during testing, with a vast selection of stocks and ETFs, portfolio analytics, customizable watchlists, an events tracker, plus a fast and dependable mobile trading environment. The only notable absence in the RoboForex offering is the increasingly popular cTrader app, that’s favored by many day traders.
  9. DNA Markets - Our initial disappointment with DNA Markets’ lack of a proprietary mobile app was quickly overshadowed by the impressive functionality of the MT4 and MT5 mobile apps. These platforms deliver a seamless trading experience akin to their desktop counterparts, with smooth charting and customizable features optimized for mobile use. The addition of push notifications and plentiful daily news accessible directly from your phone ensures you’re kept in the loop with key market updates.
  10. FOREX.com - Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.

Best Day Trading Apps In India 2024 Comparison

Best Day Trading Apps In India 2024 Comparison
Broker iOS Rating Android Rating Minimum Deposit Trading Markets Regulators
AvaTrade logo
4.3 / 5 4 / 5 $100 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM
XM logo
4.7 / 5 3.9 / 5 $5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF
Deriv.com logo
4.2 / 5 4.5 / 5 $5 CFDs, Multipliers, Forex, Stocks, Indices, Commodities MFSA, LFSA, VFSC, BFSC
FXTM logo
4.8 / 5 4.4 / 5 $200 Forex, CFDs, Indices, Commodities, Stocks CySEC, FCA, FSCA, FSC, CNMV
Expert Option logo
2.5 / 5 4.2 / 5 $10 Options, Stocks, Commodities, Forex, Crypto, Futures, SVGFSA
IC Markets logo
3.1 / 5 4.2 / 5 $200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA, CMA
Pepperstone logo
4.4 / 5 4.1 / 5 $0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
RoboForex logo
4.7 / 5 4.4 / 5 $10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures IFSC
DNA Markets logo
4.8 / 5 4.4 / 5 $100 CFDs, Forex, Indices, Commodities, Stocks, Crypto ASIC
FOREX.com logo
3.6 / 5 3.8 / 5 $100 Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA

AvaTrade

"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."

Jemma Grist, Reviewer

AvaTrade Quick Facts

Bonus Offer20% Welcome Bonus up to $10,000
Mobile AppsiOS & Android
iOS App Rating4.3 / 5
Android App Rating4 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
Minimum Deposit$100
Account CurrenciesUSD, EUR, GBP, CAD, AUD

Pros

  • The broker offers reliable 24/5 multilingual customer support with fast response times during testing
  • WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
  • AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more

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
  • Traders from the US are not accepted

XM

"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."

William Berg, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
Mobile AppsiOS, Android & Windows
iOS App Rating4.7 / 5
Android App Rating3.9 / 5
Demo AccountYes
InstrumentsForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
Minimum Deposit$5
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF

Pros

  • Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools
  • 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries
  • Transparent and low fees with spreads from 0.0 pips that will help protect day trading profit margins

Cons

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

Deriv.com

"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. "

Jemma Grist, Reviewer

Deriv.com Quick Facts

Mobile AppsiOS & Android
iOS App Rating4.2 / 5
Android App Rating4.5 / 5
Demo AccountYes
InstrumentsCFDs, Multipliers, Forex, Stocks, Indices, Commodities
Minimum Deposit$5
Account CurrenciesUSD, EUR, GBP, AUD

Pros

  • Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
  • Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates
  • Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient

Cons

  • There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
  • 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

FXTM

"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."

Tobias Robinson, Reviewer

FXTM Quick Facts

Bonus Offer30% up to $100 via Exinity Ltd
Mobile AppsiOS & Android
iOS App Rating4.8 / 5
Android App Rating4.4 / 5
Demo AccountYes
InstrumentsForex, CFDs, Indices, Commodities, Stocks
Minimum Deposit$200
Account CurrenciesUSD, EUR, GBP

Pros

  • Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders
  • Beginners can access a strong range of free educational materials and short-term market insights, including a podcast hosted by the brand’s expert team
  • Negative Balance Protection is available to clients registering with the EU and UK entities

Cons

  • There are limited e-wallet payment options compared to alternatives
  • 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
  • Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals

Expert Option

"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."

Tobias Robinson, Reviewer

Expert Option Quick Facts

Bonus Offer100% deposit bonus
Mobile AppsiOS & Android
iOS App Rating2.5 / 5
Android App Rating4.2 / 5
Demo AccountYes
InstrumentsOptions, Stocks, Commodities, Forex, Crypto, Futures,
Minimum Deposit$10
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, AED

Pros

  • The analytical tools for higher-level accounts are a useful addition for experienced day traders
  • Minimum deposits are low, starting from $10
  • There's a decent range of educational resources, including trading strategies, webinars and platform tutorials

Cons

  • Expert Option isn't available in several countries, including the EU, Australia and the US
  • The SVGFSA is a weak financial regulator with limited safeguarding measures
  • Very expensive $50 dormancy fee after 3 months of no trading activity

IC Markets

"IC Markets offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders."

Christian Harris, Reviewer

IC Markets Quick Facts

Mobile AppsiOS & Android
iOS App Rating3.1 / 5
Android App Rating4.2 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
Minimum Deposit$200
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
  • As a tightly regulated and widely respected broker, IC Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • IC Markets offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.

Cons

  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
  • While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
  • Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.

Pepperstone

"Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support."

Christian Harris, Reviewer

Pepperstone Quick Facts

Mobile AppsiOS & Android
iOS App Rating4.4 / 5
Android App Rating4.1 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Minimum Deposit$0
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
  • Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.
  • Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.

Cons

  • Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
  • Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
  • There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.

RoboForex

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

Christian Harris, Reviewer

RoboForex Quick Facts

Bonus Offer$30 No Deposit Bonus
Mobile AppsiOS & Android, R StocksTrader
iOS App Rating4.7 / 5
Android App Rating4.4 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
Minimum Deposit$10
Account CurrenciesUSD, EUR

Pros

  • RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
  • The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
  • The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.

Cons

  • RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
  • Despite offering a range of platforms, RoboForex still doesn't support the increasingly popular cTrader. This might deter traders who prefer this specific platform for their day trading activities and is available at firms like Fusion Markets.
  • RoboForex provides a variety of account types, which, while offering flexibility, can be overwhelming for newer traders trying to choose the most suitable option for their trading style. Alternatives, notably eToro, provide a smoother entry into online trading with one retail account.

DNA Markets

"DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading. "

Jemma Grist, Reviewer

DNA Markets Quick Facts

Mobile AppsiOS & Android
iOS App Rating4.8 / 5
Android App Rating4.4 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Indices, Commodities, Stocks, Crypto
Minimum Deposit$100
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • After a recent upgrade, there are now over 800 assets available to trade via CFDs, with a particularly impressive range of 120+ cryptos
  • Short-term trading strategies are permitted including scalping and automated trading using Expert Advisors (EAs)
  • The broker provides 24/5 customer support with response times of <2 minutes during testing

Cons

  • Despite access to MT4 and MT5, there is no proprietary trading app for seamless account management whilst on the go
  • Although it continues to strengthen its client base and reputation, DNA Markets lacks the track record of top brokers like Vantage
  • Unlike many alternatives, there are limited educational and research tools for traders seeking an all-in-one solution

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."

Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus Offer20% Welcome Bonus Up To $5000
Mobile AppsiOS & Android
iOS App Rating3.6 / 5
Android App Rating3.8 / 5
Demo AccountYes
InstrumentsForex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto
Minimum Deposit$100
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

  • FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
  • Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
  • The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.

Cons

  • There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
  • Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
  • Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.

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.

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.