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Best Day Trading Apps In India 2024

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Written By
James Barra
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Written By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Edited By
Jemma Grist
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Edited By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
» Jemma Grist Profile Page
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Fact Checked By
William Berg
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Fact Checked By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Updated
Jul 24, 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?

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
    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
    Go To IC Markets
  2. 2
    Exness
    Apps for iOS & Android
    Ratings
    3.8 / 5
    4.3 / 5
    3.5 / 5
    3.8 / 5
    3.8 / 5
    3.8 / 5
    4.3 / 5
    1.5 / 5
    4.4 / 5
    4.3 / 5
    $10
    0.01 Lots
    1:Unlimited
    CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Exness Trade App, Exness Terminal, MT4, MT5, TradingCentral
    Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto, Airtel, Debit Card, Neteller, Skrill, Perfect Money, Sticpay, AstroPay, Cashu, FasaPay, WebMoney, M-Pesa
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY
    Go To Exness
  3. 3
    XM
    Apps for iOS, Android & Windows
    $30 No Deposit Bonus When You Register A Real Account
    Ratings
    3.8 / 5
    4.3 / 5
    4 / 5
    3.8 / 5
    3.3 / 5
    4 / 5
    4.3 / 5
    4.3 / 5
    4.7 / 5
    3.9 / 5
    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, IFSC
    CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
    MT4, MT5, TradingCentral
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, JPY
    Go To XM
  4. 4
    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, CIRO, AFM
    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
    Go To AvaTrade
  5. 5
    Deriv
    Apps for iOS & Android
    Ratings
    3.5 / 5
    4 / 5
    4.8 / 5
    3.3 / 5
    4.5 / 5
    3.8 / 5
    2.5 / 5
    3.8 / 5
    4.2 / 5
    4.5 / 5
    $5
    0.01 Lots
    1:1000
    MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
    CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs
    Deriv Trader, Deriv X, Deriv Go, MT5, cTrader, TradingView
    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, Przelewy24, Bitcoin Payments
    USD, EUR, GBP
    Go To Deriv
  6. 6
    Pepperstone
    Apps for iOS & Android
    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.8% 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, PIX Payment
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
    Go To Pepperstone
  7. 7
    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
    Go To RoboForex
  8. 8
    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
    Go To FOREX.com
  9. 9
    Quotex
    Apps for iOS & Android
    30% Deposit Bonus
    Ratings
    1.8 / 5
    4 / 5
    3.5 / 5
    4.5 / 5
    3.3 / 5
    1 / 5
    1.8 / 5
    1.8 / 5
    4.2 / 5
    4.1 / 5
    $10
    $1
    Digital Options on Stocks, Indices, Forex, Commodities, Cryptos
    Web Platform, Mobile App
    Credit Card, Visa, Mastercard, Perfect Money, Bitcoin Payments, Wire Transfer, Ethereum Payments, Maestro, Debit Card, Airtel
    USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH
    Go To Quotex
  10. 10
    easyMarkets
    Apps for iOS & Android
    50% Deposit Bonus Or Up To A $2000 Tradable Bonus
    Ratings
    4.1 / 5
    3.8 / 5
    3.5 / 5
    3.3 / 5
    4 / 5
    3.8 / 5
    4 / 5
    4 / 5
    4.6 / 5
    3.6 / 5
    $25
    0.01 lots
    1:2000
    CySEC, ASIC, FSCA, FSC, FSA
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    easyMarkets App, Web Platform, MT4, MT5, TradingView, TradingCentral
    UnionPay, Credit Card, Bitcoin Payments, Debit Card, AstroPay, Perfect Money, WebMoney, Sticpay, Visa, Wire Transfer, Mastercard, Ethereum Payments
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, CZK, MXN, CNY
    Go To easyMarkets

Here is a short summary of why we think each broker belongs in this top list:

  1. 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.
  2. Exness - Exness Trade offers the complete mobile trading experience, delivering the broker’s fast execution speeds, hundreds of tradable CFDs and user-friendly, TradingView-powered charts right from your palm. Downloaded more than 10 million times, it’s an excellent option for active traders looking to manage their accounts and capitalize on market opportunities on the move.
  3. 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 1,000+ 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.
  4. 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.
  5. Deriv - 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.
  6. 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. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes.
  7. 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.
  8. 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.
  9. Quotex - Quotex offers a fully-featured trading app that’s packed with helpful tools, from dynamic charting to in-built signals. It follows the same user-friendly design as the desktop platform, ensuring a smooth transition whether you’re trading from a computer, tablet or mobile device. And with over 1 million downloads and at least 4/5 on the Apple App Store and Google Play Store, it’s proven popular with all types of mobile traders.
  10. easyMarkets - The easyMarkets app is a great fit for active traders. It allows full customization, including light and dark mode, and integrates useful tools like market news, a macroeconomic calendar, and trading signals all in one app. Where it stands out is its advanced features like multiple trading ticket options (Day Trade, Vanilla Options, Pending Orders). With dealCancellation, you can also undo losing trades within 1, 3, or 6 hours.

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
IC Markets logo
3.1 / 5 4.2 / 5 $200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto ASIC, CySEC, FSA, CMA
Exness logo
4.4 / 5 4.3 / 5 $10 CFDs, Forex, Stocks, Indices, Commodities, Crypto CySEC, FCA, FSCA, CMA, FSA, CBCS, BVIFSC, FSC
XM logo
4.7 / 5 3.9 / 5 $5 CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies ASIC, CySEC, DFSA, IFSC
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, CIRO, AFM
Deriv logo
4.2 / 5 4.5 / 5 $5 CFDs, Multipliers, Accumulators, Synthetic Indices, Forex, Stocks, Options, Commodities, ETFs MFSA, LFSA, BVIFSC, VFSC, FSC, SVGFSA
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
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
Quotex logo
4.2 / 5 4.1 / 5 $10 Digital Options on Stocks, Indices, Forex, Commodities, Cryptos -
easyMarkets logo
4.6 / 5 3.6 / 5 $25 CFDs, Forex, Stocks, Indices, Commodities, Crypto CySEC, ASIC, FSCA, FSC, FSA

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

  • You have access to over 2,250 CFDs across various markets, including forex, commodities, indices, stocks, bonds, and cryptocurrencies, allowing for diversified trading strategies.
  • IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.
  • 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.
  • Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
  • There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
Visit IC Markets
IC Markets Review

Exness

"After slashing its spreads, improving its execution speeds and support trading on over 100 currency pairs with more than 40 account currencies to choose from, Exness is a fantastic option for active forex traders looking to minimize trading costs."

Christian Harris, Reviewer

Exness Quick Facts

Mobile AppsiOS & Android
iOS App Rating4.4 / 5
Android App Rating4.3 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
Minimum Deposit$10
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY

Pros

  • Exness was the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes, highlighting its legitimacy.
  • Excellent range of account types for all experience levels, including Cent, Pro plus the introduction of Raw Spread, ideal for day traders.
  • Fast and dependable 24/7 multilingual customer support via telephone, email and live chat based on hands-on tests.

Cons

  • Exness has expanded its range of CFDs and added a copy trading feature, but there are still no real assets such as ETFs, cryptocurrencies or bonds
  • MetaTrader 4 and 5 are supported, but TradingView and cTrader still aren’t despite rising demand from active traders and integration at alternatives like Pepperstone.
  • Apart from a mediocre blog, educational resources are woeful, especially compared to category leaders like IG which provide a more complete trading journey for newer traders.
Visit Exness
Exness Review

XM

"With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years."

Christian Harris, 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
InstrumentsCFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
Minimum Deposit$5
Account CurrenciesUSD, EUR, GBP, JPY

Pros

  • XM’s customer support has delivered over years of testing, with 24/5 assistance in 25 languages, response times of <2 minutes and now a growing Telegram channel.
  • XM stands out for its commitment to trader education, with a wealth of well-presented resources, including webinars, tutorials, and even real-time trading sessions through XM Live.
  • XM’s growing roster of 1,000+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.

Cons

  • XM is falling behind the curve by not offering cTrader and TradingView which are increasingly being favored over MetaTrader for their smoother user experience and superior charting packages.
  • XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable or web-accessible solution for a more beginner-friendly user experience with unique features.
  • Although trusted and generally well-regulated, the XM global entity is registered with the weak IFSC regulator and UK clients are no longer accepted, reducing its market reach.
Visit XM
XM Review

AvaTrade

"AvaTrade offers active traders everything they need: an intuitive WebTrader, powerful AvaProtect risk management, a smooth 5-minute sign-up process, and dependable support you can rely on in fast-moving markets."

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 WebTrader excelled in our hands-on tests, sporting a user-friendly interface for beginners, complete with robust charting tools like 6 chart layouts and 60+ technical indicators.
  • AvaTrade continues to enhance its suite of products, recently through AvaFutures, providing an alternative vehicle to speculate on over 35 markets with low day trading margins.
  • Support at AvaTrade performed excellently during testing, with response times of 3 minutes and localized support in major trading jurisdictions, including the UK, Europe and the Middle East.

Cons

  • While signing up is a breeze, AvaTrade lacks an ECN account like Pepperstone or IC Markets, which provides the raw spreads and ultra-fast execution many day traders are looking for.
  • The AvaSocial app is good but not great – the look and feel, plus the navigation between finding strategy providers and account management needs upgrading to rival category leaders like eToro.
  • AvaTrade’s WebTrader has improved, but work is still needed in terms of customizability – frustratingly widgets like market watch and watchlists can’t be hidden, moved, or resized.
Visit AvaTrade
AvaTrade Review

Deriv

"Deriv is ideal for active traders seeking alternative and unique ways to speculate on global financial markets, from multipliers and accumulator options to its bespoke synthetic indices, which mimic real market movements and are available 24/7, allowing for continuous trading opportunities regardless of market hours."

Christian Harris, Reviewer

Deriv Quick Facts

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

Pros

  • Account funding is a breeze with a very low minimum deposit of $5 and a huge selection of payment options, plus Tether was added to the cashier in 2023.
  • Deriv stands out with its innovative products, from multipliers and derived indices to its addition of accumulator options, providing exclusive short-term trading opportunities.
  • After integrating TradingView and adding MT5 web trader, Deriv now offers a first-class selection of charting tools across desktop, web and mobile devices.

Cons

  • While the Academy launched in 2021 is a step in the right direction, there is limited education on advanced trading topics for seasoned traders and no live webinars to upskill new traders.
  • Leverage up to 1:1000 will appeal to traders with a large risk appetite but frustratingly there is no ability to flex the leverage in the account area.
  • Although there’s a basic blog, there's little in terms of technical analysis or market reports which could help active traders identify potential opportunities.
Visit Deriv
Deriv Review

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

  • 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.
  • Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
  • Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.

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.
  • Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app.
  • 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.
Visit Pepperstone
Pepperstone Review

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

  • The broker offers two commission-free withdrawals each month in the Free Funds Withdrawal program, helping day traders to minimize transaction costs.
  • 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.
  • RoboForex offers over 12,000 instruments, providing more short-term trading opportunities than the vast majority of online brokers, with forex, stocks, indices, ETFs, commodities, and futures.

Cons

  • While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.
  • 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.
  • 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.
Visit RoboForex
RoboForex Review

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.
  • 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.
  • 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.

Cons

  • Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
  • 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.
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FOREX.com Review

Quotex

"Quotex is best for making short-term trades on popular markets. The payouts up to 98% are above average and enhancements to the platform have ensured it's easy to use for beginners. That said, the lack of regulatory oversight, limited education and weak support are key drawbacks."

Jemma Grist, Reviewer

Quotex Quick Facts

Bonus Offer30% Deposit Bonus
Mobile AppsiOS & Android
iOS App Rating4.2 / 5
Android App Rating4.1 / 5
Demo AccountYes
InstrumentsDigital Options on Stocks, Indices, Forex, Commodities, Cryptos
Minimum Deposit$10
Account CurrenciesUSD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH

Pros

  • Quotex maintains its position as an excellent choice for short-term binary trading with turbo contracts from 5 seconds
  • Account funding is straightforward thanks to the wide range of payment methods, zero fees and intuitive cashier portal
  • The platform continues to delivers a superb trading environment with strong charting tools for technical traders

Cons

  • Customer support has been weak during tests with no live chat and slow response times
  • Despite advertised payouts of up to 98%, testing shows average payouts trail best-in-class broker Pocket Option
  • Quotex trails industry leaders when it comes to education and market research
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Quotex Review

easyMarkets

"easyMarkets provides fixed spreads starting at 0.7 pips, making it an excellent choice for beginners seeking predictable trading costs. After adding a Bitcoin-based account, it’s also a stand-out option for crypto-focused traders who want to deposit, trade, and withdraw in digital currencies."

Christian Harris, Reviewer

easyMarkets Quick Facts

Bonus Offer50% Deposit Bonus Or Up To A $2000 Tradable Bonus
Mobile AppsiOS & Android
iOS App Rating4.6 / 5
Android App Rating3.6 / 5
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
Minimum Deposit$25
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, CZK, MXN, CNY

Pros

  • With 20+ years in the industry, multiple awards, and authorization from two ‘green tier’ regulators, easyMarkets continues to earn its reputation as a secure broker for active traders.
  • Unlike variable spreads offered by 90%+ of brokers we've tested, easyMarkets provides fixed spreads from 0.7 pips. This makes trading costs predictable, a significant advantage for beginners and those trading in volatile markets.
  • easyMarkets added Bitcoin as a base currency in 2019. This marks it out against most of the market and eliminates the need to convert crypto to fiat, reducing conversion fees and simplifying management for crypto-focused traders.

Cons

  • easyMarkets does not offer a zero-spread account like Pepperstone, which can be a drawback for day traders and high-frequency traders who require minimal transaction costs.
  • While easyMarkets provides solid educational resources for beginners, they fall short for advanced traders. The Academy offers well-structured courses and engaging gamification, but the overall content lacks depth.
  • easyMarkets is falling behind by not providing the copy trading features you get at category leader eToro, which are popular among beginners looking to follow the strategies of experienced traders.
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easyMarkets Review

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 recent 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 potentially 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.

Bottom Line

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.