Options trading is a popular form of investment in India, and with the rise of mobile technology, several option trading apps are now available for Indian investors. These apps offer a convenient and user-friendly way to trade options on the go, and they are becoming increasingly popular among novice and experienced traders. This article will look at India’s three best-option trading apps.
3 Best Option Trading App in India
These apps offer user-friendly interface security features, often integrating additional tools and resources for informed decision-making in the options market. However, you need to open a Demat and trading account to use the option trading app of the stockbroker.
1. Zerodha Kite Option Trading App
According to our research report on the top 20 stock brokers in India, Zerodha is one of the largest discount brokers in India, with more than a 64 lakh customer base.
Zerodha Kite is a simple and user-friendly interface, ensuring a seamless trading experience for options trading. You can check out all options, such as watchlist, portfolio, and orders, in one place.
You can access all trading tools like advanced candlestick charts and Chart IQ that offer real-time information on the trend and price movements. You can also create multiple watchlists as per your requirements.
The Kite mobile option trading app is a miniature version of Zerodha’s Kite desktop trading platform, the best platform among all discount brokers.
The app size of Zerodha Kite mobile is only 26 MB, ensuring that it does not consume too much of your phone’s memory. This optimization allows you to run applications efficiently even on devices with limited storage capacity.
Key Features of Zerodha Kite Options Trading App
- Live streaming data
- Minimalistic User Interface
- Multiple market watch and live market depths
- Advanced charting interface with 100+ indicators
- Tradingview and ChartIQ charts
- Small App doesn’t consume phone memory
Brokerage & AMC charges
|
2. Angel One Option trading App
If you are looking for an options trading app with a full-service broker, Angel One offers the “iTrade Prime” plan, which provides a flat brokerage fee of Rs. 20 per trade, including options. You can go through our comparison of Angel One vs Zerodha to know the brokerage charges of both stock brokers.
Angel One app provides 40 chart indicators to analyze various market movements and includes analysis and trading strategies.
The best part of the Angel One app is an inbuilt ARQ tool for algorithmic-based trading. These features allow you to trade the most effective products, maximize your profits and simplify your trading decisions.
You can effectively track your financial activities by accessing the ledger, financial and DP reports for the last ten transactions directly from the application.
The Angel One app offers investment in US stocks and ETFs with zero commission charges. Angel One is partnered with Vested, a US Securities and Exchange Commission Registered Investment Advisor.
Angel One Trading App Features
- Fast F&O trading with the Instatrade feature
- Invest in US stocks; you can read US stock investment apps.
- Easily access stock market analysis data
- Multiple instruments for deep analysis
- ChartIQ and TradingView charting
- ARQ is a tool for free stock recommendation
Brokerage & AMC charges
| Brokerage & Other Charges | Amount |
| Equity Delivery | 0 (Free) |
| Intraday Brokerage | Rs. 20 per executed order |
| Equity, Currency, Commodity F&O | Rs. 20 per executed order |
| Account Opening Fee | Rs. 0 |
| Annual Maintenance Charges | Rs 240 Annually |
| Mutual Funds Investment | You need a separate app |
3. Paytm Money option trading app in India
The Paytm Money website platform is a web-based trading platform that allows clients to explore stocks, mutual funds, digital gold, retirement funds, and Equity derivatives. The online trading platform helps place orders online, track transactions, invest in IPOs, and more.
Paytm Money is a SEBI registered Financial Advisor. The company has a depository participant membership of CDSL and is a member of NSE and BSE. Paytm Money was launched as a direct investment platform. Paytm Money has expanded its offerings to include retirement plans, stock markets, IPO investments, ETFs and digital gold by the end of 2020. The company has recently launched F&O trading services on its trading platform.
Paytm Money offers competitive prices with free delivery. Paytm Money offers free services and there is no charge for investing or redeeming shares. Paytm Money has a trading platform called Paytm Money (web and mobile trading app) that offers a seamless trading experience to its investors. This is a safe and secure application with bank-level data security. Paytm Money claims to be a leader and pioneer in low-cost investing, with a solid customer base of 60+ lakh users as of Dec 2020.
Key Highlights of Paytm Money
- Free Equity Delivery Trading.
- Zero commission direct mutual funds.
- The maximum brokerage fee per transaction is Rs.20.
- Zero maintenance charges.Fully digital account opening.
- Ability to convert other investment funds directly into funds.
Paytm Money Brokerage Plan
| Trading Segment | Brokerage Charges |
| Equity Delivery | Rs 20 or 2.5% of turnover (whichever is lower) |
| Equity Intraday | Rs 20 or 0.05% of turnover (whichever is lower) |
| Equity Future | Rs. 0.01 up to Rs 20 per Executed Order |
| Equity Options | Rs 20 per order |
Conclusion
In conclusion, option trading apps are becoming increasingly popular in India, and several good options are available for traders. Zerodha Kite, Angel One App, and Paytm Money are three of India’s best option trading apps, offering a range of features and educational resources to help traders improve their skills. Whether you are a novice or an experienced trader, these apps can help you trade options and stay on top of the markets.