Investing in the stock market can be daunting for beginners, but choosing the right app can simplify the experience. In 2024, several stock trading apps offer low brokerage fees, making them ideal for novice investors. This article presents the top-recommended share market apps based on factors such as ease of use, affordability and availability across devices, with Bajaj Broking leading the list.
These apps provide essential features like a zero brokerage demat account and support for intraday trading, making them appealing to new and experienced investors alike.
1. Bajaj Broking
Rating: 4.9/5
Downloads: 10L+
Availability: Android, iOS, Web
Bajaj Broking takes the top spot in 2024 due to its user-friendly interface, low brokerage structure and broad investment options. Known for its competitive pricing, Bajaj Broking offers investors a zero brokerage demat account, making it an attractive option for beginners who want to avoid high costs. This app provides an extensive range of products, from equities and mutual funds to IPOs and bonds, ensuring diverse investment opportunities.
One of the app’s standout features is its comprehensive research reports, which help new investors make informed decisions. It also offers advanced tools for intraday trading, with real-time analytics to keep users updated on market trends. Additionally, Bajaj Broking allows users to create customised alerts and watchlists, gain early access to IPOs and use IPO analysis tools.
2. Groww
Rating: 4.4/5
Downloads: 5Cr+
Availability: Android, iOS, Web
Groww offers a simple, user-friendly platform for beginners. The app provides free equity delivery and charges a flat fee for intraday trading. A key advantage of Groww is its focus on transparency – there are no hidden charges and all fees are clearly listed.
For those interested in mutual funds, Groww allows users to invest in direct mutual funds without any commission. The app offers a free demat account opening and no annual maintenance charge.
3. Zerodha Kite
Rating: 3.7/5
Downloads: 1Cr+
Availability: Android, iOS, Web
Zerodha Kite is a cost-effective and feature-rich platform. Zerodha offers zero brokerage demat accounts for equity delivery, charging just Rs 20 per executed order for other segments, including intraday trading.
The Kite provides smooth performance, real-time updates and powerful charting tools, making it ideal for technical analysis. Zerodha also offers its educational platform, Varsity, where users can learn about various aspects of the stock market, making it perfect for beginners.
4. Upstox
Rating: 4.5/5
Downloads: 1Cr+
Availability: Android, iOS, Web
Upstox offers affordable brokerage services, making it a great choice for new investors. The app charges Rs 20 or 2.5% per trade for intraday trading and other segments but provides free delivery trading.
The platform is equipped with advanced charting and analysis tools, making it easy for users to track market trends and make informed trading decisions. Upstox also has a clean and simple user interface, making it easy to use for beginners. Additionally, the app allows users to create customised watchlists and get price alerts on set scrips.
5. Angel One
Rating: 4.3/5
Downloads: 5Cr+
Availability: Android, iOS, Web
Angel One offers free delivery trading and charges a flat Rs 20 per order for intraday trading, making it highly competitive. Angel One is also known for its strong research capabilities, which help beginners make more informed trading decisions.
One of the standout features of Angel One is its zero brokerage demat account for delivery trades, making it a top pick for those who wish to invest in stocks without incurring hefty fees. The app also provides users with an AI-powered advisory feature called ARQ, which recommends investments based on the user’s risk profile and financial goals.
Conclusion
In 2024, low brokerage and ease of use are the primary factors driving the success of stock trading apps. For beginners, choosing an app with a zero brokerage demat account and affordable intraday trading fees is crucial to keeping costs low while building investment experience.
When starting out in the stock market, selecting the right app can make all the difference. Choose one that fits your investment goals and take advantage of the learning resources available to grow your knowledge of the market.
Sandy D