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Best Stocks Trading Platforms allowed to trade in India. Rating with real reviews

1
JustForex
Forex trading seems to be difficult. To make a profit, you don't necessarily need to trade on foreign currency markets. Copy trading has existed on the market for a long time. This allows you to copy transactions from successful traders into your account. Connect to the service, and choose an account that you want to copy in order to make profits. Copy trading is an automated trading system that copies transactions from one account to another. How is this possible, you ask? Transactions can be copied from specific platforms. After you have registered on a platform you can select a provider to receive his signals. After the trader completes his transactions, they will be automatically replicated in your trading account.
JustForex Pros
Although the profit margin is lower, the risk of losing all your money is reduced.
A losing deal can be hedged with a profitable one
This will help to reduce losses and keep you from losing all of your money at once
This allows you diversify your risk exposures
You can select as many signal providers you wish
Enjoy more time. You don't need to spend too much time looking at the market.
Your trading style. The signals provider that best suits your trading style can be chosen
Professional traders trade
Transactions can make you money, no matter your level of skill
JustForex Cons
Always turn on the trading platform/terminal
The brain can be relaxed if the muscles aren't used.
You don't pay enough attention to the market and don't learn from your errors. This makes it difficult for you to do technical and fundamental analysis.
You could lose your originality by copying another person's deal
Copy trading can be dangerous
Even though trades can be profitable, signals providers may make mistakes and turn negative.
Forex can be unpredictable and ambiguous.
2
OctaFX
OctaFX provides a low-cost, basic MetaTrader platform experience along with its social copy-trading platform. Although it has made significant progress in pricing options for traders but lacks a wide range of tradeable instruments as well as a variety of educational content, OctaFX is still a poor choice. OctaFX is also a holder of one regulatory license.
OctaFX Pros
OctaFX was founded in 2011 and is regulated by only one tier-2 jurisdiction (Cyprus). This makes it a high-risk broker in forex and CFD trading.
Keeps an increasing number of well-organized research with trading ideas, weekly forecasts and third-party content.
OctaFX is a brand new platform for social copy-trading.
OctaFX Cons
Customers who are served by the broker's offshore non-regulated entity in Saint Vincent & the Grenadines, (SVG), do not receive any regulatory protection.
OctaFX seems to have competitive trading costs. However, its listed spreads don't have corresponding date ranges and are paired only with a small selection of over 50 tradeable symbol pairs.
OctaFX is unable to compete in education with multi-asset brokers.
OctaFX no longer offers cTrader's platform.
3
Angel One
Angel One Limited, also known as Angel Broking in India, is an Indian broker that offers online trading for a variety of products. It was established in 1996. The Securities and Exchange Board of India regulates it. This broker is recommended for both beginners and experienced traders who are looking for an Indian broker to trade stocks on Indian market. Angel One may not be the right broker for you if you're not an Indian citizen.
Angel One Pros
* Many types of assets
* Excellent educational materials
* Demo account
Angel One Cons
* Available only to Indian citizens and residents
* Exclusively for Indian markets
* No credit card deposit
4
Gill Broking
Intraday trading is just what its name implies - buying and selling stocks on a regular schedule. Intraday traders can make a lot of money from this market by avoiding volatility. Volatility can increase your profits but it can also lead to huge losses due to price changes. To understand how the market works and how you can make money, it is important to know both the pros and cons. We will be highlighting some of the advantages and drawbacks to intraday trading in this article. Keep reading to find out more about the pros and cons of intraday trading.
Gill Broking Pros
Buy Low, Sell High
No Waiting Period
This can be a full-time job opportunity
Minimal research is required
Gill Broking Cons
There is no fixed amount
It carries a high risk
It carries a high risk
5
Trade Nation
Trade Nation's intuitive, well-designed trading app is a great platform for beginners in forex and CFD trading. Trade Nation may not have the advanced features that you would expect from top trading platforms, however, it might be a problem for seasoned traders.
Trade Nation Pros
Regulated in Australia and the U.K., South Africa, and the Bahamas
Trade Nation's web and mobile platforms are well-designed and simple to use. This has earned them a Best in class ranking in the Ease category.
Smart News, available on the web platform and mobile app, curates tweets and news headlines.
ChartIQ on Trade Nation powers charts for mobile and web.
Trading signals powered by Acuity Trading can be easily copied using a click in a trade ticket.
Fixed spreads are competitive for CFD and forex trading, except during rollover.
Loyalty rebates in South Africa or the Bahamas offer discounts starting at 10% on spreads and a maximum of $2,500 per client.
Trade Nation Cons
Web platform lacking headlines and market research beyond smart news feature.
Blog updates are only occasionally available on market research.
It is very limited in terms of educational content and the videos and articles are not varied.
MetaTrader Suite is no longer being promoted.
6
Interactive Brokers
Interactive Brokers is a trusted multi-asset broker that offers a wide range of global markets. It offers competitive fees, high-quality education and research, and a modern, institutional-grade trading platform. MetaTrader will be a great platform for professional traders. It offers advanced trading tools and order types that are very sophisticated. However, this may prove overwhelming to beginners.
Interactive Brokers Pros
Interactive Brokers was founded in 1977 and is publicly listed (NASDAQ: IBKR). It is regulated in six Tier-1 jurisdictions making it a safe broker (low risk) to trade forex and CFDs.
Interactive Brokers has a trustable, well-capitalized brokerage with Ending Client Equity in excess of USD 373.8 billion and Equity Capital in excess of USD 10.01 trillion. Interactive Brokers allows customers to trade on a wide range of financial markets worldwide, including stocks and options, futures and spot forex.
Traders have access to 135 markets centers in 33 countries and 23 currencies. Not available for U.S. residents: Retail spot forex trading cannot be done. (For U.S. forex trades, please see our U.S. Forex Trading Guide). forex brokers guide
Interactive Brokers' web-based Client Portal has been improved and is easier to use for forex trading. It also includes news headlines and an economic calendar.
The Trader Workstation (TWS), a desktop platform that allows for advanced trading tools, is a great choice for professionals and seasoned traders.
This allows for highly complex order types, which can prove to be an advantage in advanced forex trading strategies.
Spot gold and spot cryptocurrencies were launched in 2021, including bitcoin trading in the U.S.
More than a dozen micro-futures are available, including major forex pairs.
Interactive Brokers Cons
Although it is great for professionals, the Interactive Brokers' Trade Workstation (TWS), desktop platform for traders, can be too complex for novice traders.
MetaTrader does not exist as an alternative platform option.
7
Plus500
Plus500 is a global trusted brand that provides an easy-to use trading platform for online traders. It also offers access to share trading and a wide selection of CFDs. Plus500's simplified trading platform is a great choice for beginners who are looking for an easy-to-use experience. However, active traders will be disappointed by its lack of educational content and limited market research.
Plus500 Pros
Plus500 was founded in 2008 and is part the FTSE 250 Index.
Plus500 is licensed in four tier-2 and three tier-1 jurisdictions. This makes it a safe broker (low risk) for online trading.
The Plus500 web-based trading platform proved to be very user-friendly. It is a solid choice for beginners. Disclosure: A trading platform that is recommended for beginners doesn't make it easy to make money. It is risky to trade.
Plus500's mobile app and web platform feature robust charting that is consistent across all devices.
This site offers a wide range of tradeable symbols that include CFDs, shares and more than 2,000.
Plus500 seems to offer spreads that are close to the industry average for most of its major forex pairs.
CFD option contracts can be purchased on 24 most popular symbols.
Offers cash rebates to active traders through its Professional Account.
Plus500 Cons
Plus500 is a basic platform that makes it less appealing to active traders.
Plus500 doesn't offer extensive educational content for learning financial markets.
The Plus500 platform suite does not have a news calendar.
Plus500's research content is limited to a handful of daily articles and lacks market analysis or updates.
8
Saxo Bank
Saxo Bank, a multi-asset broker that specializes in research and trading platforms, offers a unique experience with a remarkable selection of over 40,000 securities. Saxo Bank offers a rich, immersive trading experience for active traders, or those who are able to afford the high account balance requirements.
Saxo Bank Pros
Saxo Bank was founded in 1992 and has three regulated banks. It is licensed in six Tier-1 jurisdictions. This makes it a safe broker (low risk) to trade forex and CFDs.
Saxo Bank offers access to more than 40,000 instruments, including micro-futures, forex options and crypto derivatives depending on where you are located.
SaxoTraderGo is Saxo Bank's flagship platform. It includes everything traders need to navigate the markets.
Complex orders can be handled with account protection features.
Saxo publishes average spread data by order size and not just across trading sessions per day. This highlights its ability to provide best execution at scale.
Corellian Academy content on risk management is an excellent addition to the existing educational offerings of Saxo Bank.
The pricing for Platinum and VIP account holders is very competitive. Classic account holders pay less on pairs like the EUR/USD than the industry average.
Saxo Bank Cons
Saxo Bank is a producer of high-quality videos to support its research and education but it wasn't actively creating video content in 2021.
Although the educational content is excellent, there are still areas for improvement. For example, you can add progress tracking and quizzes to your lessons and expand the number of videos and written lessons.
The minimum deposit requirements are very high. A Classic account requires a $2,000 minimum deposit, while VIP and Platinum accounts require a minimum of $200,000 and $1,000,000. Consider CMC Markets or IGH instead if you feel the minimum deposit requirements are too high.
Although the SaxoTraderPRO desktop platform can be an incredible trading tool, it is difficult to customize. We would welcome more pre-defined layouts.
9
IG
IG is the best trading platform, offering excellent research and trading tools, industry-leading education and a wide range of tradeable markets. Trusted multi-asset broker, IG has global regulation and is publicly traded. We rank IG as the top overall broker in 2022 because of its exceptional experience.
IG Pros
IG was founded in 1974 and is listed on the public (LON:IGG). It is also regulated in six tier-1 countries, making it a safe broker for CFDs and forex trading.
In our 2022 Review, IG was ranked as the most trusted broker in forex and CFDs.
IG is the ultimate forex broker and finished 1st Overall in our 2022 ranking.
IG was second in Platforms and Tools and first in Research. IG also finished Best In Class (top 7) in Offering of Investments (with more than 19,000 tradeable instruments), Commissions and Fees and Education.
IG acquired tastytrade for $1B to introduce options trading and listed derivatives (i.e. Futures) trading to U.S. customers.
IG Smart Portfolios, share-dealing and forex trading are just a few of the offerings that IG has.
IG Cons
IG's web platform, which is the best in its industry, is amazing. However, it lacks predefined layouts so some manual configuration is required.
IG's MetaTrader offer only has 76 tradeable instruments, despite the premium MT4 addons from FX Blue and Autochartist integration.
10
Upstox
Upstox, a low-cost tech-first broking company in India, offers trading opportunities at unbelievable prices. Upstox provides trading in equities, currencies, futures, and other segments through its Upstox Pro Web or Upstox Pro Mobile trading platforms. Upstox also offers website-based and mobile trading. RKSV has built Upstox's trading platform in-house. This makes it easy to place orders via mobile and web browser. Upstox currently does not offer a trading terminal.
Upstox Pros
These are some of the benefits of Upstox. Before opening an Upstox account, you should read the Upstox benefits and disadvantages. Upstox pros & cons will help you determine if it is right for your investment needs.
Maintaining an account with Rs 0 Demat is free.
Flat Rs 20 per trade brokerage in all segments, including intraday, delivery, and F&O at BSE or NSE.
Mobile trading app for Android and iOS. There are no software charges.
Both web and mobile versions of After Market Order (AMO), and Cover Order are both available.
Trailing-Stop/Stop-Loss (SL) is available in both web and mobile.
Orders for Good-Tilling-Triggered (GTT), are available in Equity or commodity.
Upstox Pro Web Trading Platform provides multiple indicators that allow you to monitor the markets wherever you are.
Upstox Bridge for AmiBroker allows you to code and execute your trading strategy with the AmiBroker FLE editor.
Upstox Developer Console allows you to create (code) your trading app using languages like Python.
Upstox Option Chain Tool allows traders to find Spot, Future rates, vertical comparison of rates, and details such as circuit levels. Customers can also use it to calculate volatility, open interest, performance indicator, and check greeks.
Upstox MF Platform has 1000's of mutual funds to choose from. Customers have the option to choose between SIP or Lumpsum investment.
Margin Against Shares is possible.
Online IPO Application (UPI), is now available.
Upstox Cons
These are the cons and drawbacks of Upstox. You can see the full list of Upstox drawbacks.
The cost of equity delivery brokerage is Rs 20 per trade. Brokerage free stock market investment is offered by most other brokers.
Margin Funding cannot be used on delivery trades.
Upstox does not offer unlimited monthly trading plans.
Additional Rs 20 is charged for call and trade fees per executed order (Rs20 Brokerage + Rs20 Call & Trade Fee).
For intraday square MIS/BO/CO order that are not squared off by the customer, an additional Rs 20 is added to each executed order.
It doesn't offer stock tips or recommendations.
Because the company does not offer banking services, 3-in-1 accounts cannot be opened.
Customer service is not available 24/7.
Since Jan 2018, Upstox NRI trading and demat accounts are no longer available
Upstox does not offer API access to automate trading.

HOW TO CHOOSE THE BEST STOCK TRADING PLATFORM FOR YOU IN INDIA

Before you start trading, you need to answer the question of what goal the person is pursuing. If a beginner wants to work independently and make a profit, the exchange will be one. If he prefers trading through intermediaries, the choice will be different.

It is worth remembering that all the sites have different specifics. This should also be based on this choice.

Stock Broker’s Quality and Usability

Some platforms have low speed and performance, which affects both the delay in the graphical display of exchange rates and timeliness of transactions – traders get mad when the program slows down, although those who do not lead intraday trading may not pay attention to it.

Stock Broker Regulation and Trust

With the development of Internet technology and the growing popularity of Stock Trading Platforms available in India, this market has been flooded with scammers. The problem is that crooks create fly-by-night companies to siphon off money. Such companies have no regulators, no partners, and not even a brokerage license. Often these platforms promise mountains of gold and instant profit, and gullible people lose all their money.
That’s why it’s best to choose the best Stock Trading Platform in India that is owned by big-name companies that have licenses and good regulatory support.

Online Security and Account Protection

Security of transactions and confidentiality are, of course, inherent in the platform, and these factors also depend on the stockbroker that you choose.

Brokerage Account Offerings

Pay attention to the daily trading volume. The high turnover of an exchange is a sign of its popularity. The higher the trading volume, the greater the chances to earn by trading here.

Broker Account Fees

Paid software, at most brokers, guarantees not only legitimate data from the exchange in real-time but also overall reliability. One failure in the self-made platform and the trader can lose much more than the quality subscription fee.
It is also worth noting that the broker charges a commission for his services. At different brokers the commission can differ considerably: from $0.3 to $3 per lot, depending on volumes of traded shares and other indicators.
There are brokers at which the commission is not charged from the trader. Or Stock Trading Platform with a free bonus. In such cases, as well as with the free software, it is worth wondering what hidden fees such a company will profit from.

Trading Commissions

If we do not consider OTC trading, where the data often does not come from the market at all but is generated internally, an important issue is the cost of the software. The market date (data on buying, selling an instrument, etc.), which is provided by the broker through the exchange, is always paid, and if you are offered a free trading terminal (and accordingly a free market date), you should think twice. At best, the broker who provides this software for free will earn some hidden fees.

Customer Service

Using free software is very likely to be of the same quality as the price. The impossibility to send an order, constant “freezes” of the platform, or complete inoperability are just a small part of the inconveniences that the trader will face. Earlier we mentioned that the request can go not directly to the exchange but through the server of the company that provides the platform. Herein lies the main problem, because the trader cannot control it and often becomes a victim of unscrupulous companies. So choose wisely.

Check reviews over the internet

Study the reviews of the different trading platforms in India. Each site will write only good things about itself, and you can only find out the truth from an independent observer or someone who has already had experience working with Stock Trading Platform regulated in India.

Depositing and Withdrawing Funds

Deposit and withdrawal of funds are important. Find out in advance what conditions, how quickly and in what currency you can deposit and withdraw funds, and what payment systems this exchange works with.

What Stock Trading Platforms can I use in India?

There are numerous stock trading platforms in India. We will give you a small list of the most popular and top rated Stock Trading Platform in India.

Leading Stock Trading Platforms

  1. JustForex
  2. OANDA
  3. Plus500
  4. OctaFX
  5. IG
  6. Saxo Bank
  7. Interactive Brokers
  8. Webcom E-Trade
  9. Gill Broking
  10. Angel One

How Much Money Do You Need to Start Investing?

You don’t need millions to start investing in the stock market. If you consider the best Stock Trading Platform for beginners in India, you can even start with $10. At the same time, the more you invest, the more you can earn.

Can I buy stocks without a broker?

Yes, you can trade without using a broker. But then you would need to open a brokerage account yourself or do the dividend reinvestment/direct stock purchase.

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