Best Intraday Trading Apps

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With the growing advent of technology, people are now looking ahead to the best and seamless alternatives for everything they do.  So do the intraday traders, who look for the best intraday trading apps.

Since you’re here, we assume that you know what is intraday trading and what an intraday trader is. But if you are new to the trading industry, let’s brief you a bit about it.

As the name suggests, intraday trading is where you buy and sell the financial instrument in one trading session. A trader that follows this strategy is known as an intraday trader.

A trader would want the technology at his/her side and this aspect is covered in the form of intraday trading apps and honestly, there are only a handful of such apps that are actually neat!

Also Read: CNC and MIS and Intraday Trading in Options

Let’s figure out which are those.

Best Intraday Trading App India

Selecting the most efficient app is mandatory for intraday traders so that they don’t lose out on making profits due to a lousy trading platform. Intraday Trading for beginners can be confusing if you fail to pick the right trading platform. 

With two simple examples, we can explain the importance of having the best intraday trading apps at your convenience.


Ramesh is an intraday trader and works in an IT firm. He practices day trading without any particular trading app.

Now due to the workload, he has less time to check the stocks, track their movements, and conduct technical analysis using other alternative methods. Thus, his income from the stock market is decreasing with each passing day.

On the other hand, Amit is a Sales Manager at an export house and trades in the stock market. For trading, he uses an intraday trading app provided by his stockbroker.

The app gives him technical indicators and other various instruments to analyze the trade.

Amit’s income has been increasing with time and has become his second source of income.


We think that this basic comparison between two intraday traders is enough to explain the trading situation with or without a trading platform.

Intraday Trading Apps India

With the growing advent of technology, people are now looking ahead to the best and seamless alternatives for everything they do. 

So, when it comes to investing or trading in the stock market, trading apps and other platforms acquire another demand and position in the market. 

But with more than 250 registered brokers in India, it is difficult to choose the best trading platform. So to clear the air of confusion, here’s a list of the top 6 Intraday trading apps.


1. Angel One App

Angel Broking is a well-known name in the stock brokering industry. It is a full-service broker that provides multiple trading platforms for varying devices. Let’s talk about one of the best mobile trading apps and maybe one of the best intraday trading apps as well i.e. Angel One App.

Some features of this app are listed below:

  • Take the advantage of live market data and personalized advisory: The broker offers the advisory to the customers for the stock tips, ideas, and suggestions. Apart from that, the trader can get profits after checking the latest market trend.
  • Get the notification and never miss an opportunity to gain more: The Angel One app delivers the notification to the traders regarding the market trend, stock recommendations, updates on the payment so that a trader does not miss the opportunity to earn more with the broker.
  • Live stream of the Stock Prices.
  • Intraday Chart Patterns.
  • Various Technical Indicators.
  • News gets updated instantaneously.
  • Shows the latest market trends.
  • Provides more than 40 technical chart indicators.
  • Variety of reports about the Indian and global markets.
  • Secured funds transfer for hassle-free transactions.
  • Online payments via more than 40 Indian banks are facilitated.
  • Well researched stock market reports.
  • Facility to trade in all segments.
  • Option to trade on multiple stock exchanges.
  • Access to personalized support from the Angel Broking helpdesk.

The process of placing and executing an intraday trade is the same in all brokers. The only point of distinction is the number of indicators and charts provided in the application. If you trade in options then you have the right app to choose the best indicator for option trading in order to earn profits.

A look at the Google Play Store statistics is tabulated below:

 

After checking out all the necessary information of the app, now let’s gather the ratings of the app on different parameters like speed, ease of use, analysis tools, reliability, and data accuracy.


2. IIFL Markets

Selecting one of the best intraday trading apps is challenging as there are many options available in the market. IIFL or India Infoline stands out as it is a well-established full-service broker in India.

The mobile application by IIFL is named IIFL Markets.

Some of the features are listed below:

  • Allowing trading in multiple stock exchanges like NSE, BSE, NCDEX, MCX, etc.
  • Facilitates trading in various financial segments.
  • You can go through the in-depth research reports of more than 500 stocks prepared by financial experts.
  • You can make customized watchlists for stocks.
  • You get one-tap support from IIFL Customer Care.
  • Thorough and complete information about a company like historical data, key ratios, shareholding patterns, research, PnL, etc.
  • Instant updates of the financial and business news.
  • Specific news related to your investments and trades.
  • Customized price alerts to avoid missing any opportunity in the market.
  • The app is easy to navigate through and use.
  • You have the option to access the application via Guest Login. It helps in making better decisions.

Apart from the above-mentioned features, the broker also provides innovative features to the traders, including the following:

  • Get Research Report Free: With the IIFL markets app, the trader can get free research reports of the top 500 companies listed to NSE and BSE. the trader can get a complete research on the industry sectors, companies, stocks.
  • Get the notification: The app provides immediate notification on the order execution, news, and so on.

According to the IIFL official website, IIFL Markets has over 6,05,000 Android users, 1,23,000 iPhone users, and more than 50,000 iPad users.

A look at the Google Play Store statistics are tabulated below:

 

After checking all the necessary information of the app, it is time to provide the rating based on different factors. To know them, consider the following table.


3. Zerodha Kite

Zerodha is the top stockbroker in terms of the number of active clients and is the best discount broker out there. Zerodha introduced the concept of Discount Broking in India. Kite is claimed to be one of the best intraday trading apps by the stockbroker itself.

Let’s list some features of the mobile application below:

  • Less internet consumption: The web-based trading platform of the broker, i.e. Zerodha Kite consumes lesser internet which helps the customer living in the second and third-tier cities to efficiently use the platform and execute the orders likewise.
  • Multiple Languages: The app allows the traders to take an advantage of more than 10 regional languages like Hindi, Telugu, Kannada, Gujarati, Oriya, Punjabi, and so on.
  • Advanced charts: In addition to this, the application provides more than 100 technical indicators, 20+ drawing tools, and also 7 various charts types are available in the application.
  • Easy to use user interface.
  • Lightweight mobile application.
  • More technologically advanced than its peers.
  • Provides embedded console widgets and reports.
  • Enables biometric login (Face Identification and Fingerprint).
  • Instant updates of order executions and placements.
  • Push notifications for order updates.
  • Single set of credentials for all platforms provided by Zerodha.
  • The trader can customize the market watchlist created.
  • TradingView charts and various technical indicators.

The various charts available in the application are –

In addition to this, the application provides more than 100 technical indicators like – 

  • Stochastics
  • MACD
  • Darvas Box
  • Alligator
  • Bollinger Bands
  • Moving Average, etc.

A look at the Google Play Store statistics are tabulated below:

 

Now, let’s look at the rating offered to the Zerodha Kite in the following table:


4. MO Trader 

Motilal Oswal is a well-known brand of the stockbroking industry. It is a full-service broker and provides multiple platforms for easing the trading process. The intraday trading app by Motilal Oswal is known as MO Trader.

Let’s talk about the features of MO Trader, one of the best intraday trading apps in the country:

  • Provides latest updates of the financial and business news to facilitate the traders.
  • Gives access to various technical indicators and chart patterns.
  • Enables trading in multiple financial instruments as it is a member of many stock exchanges of India.
  • Sends customized price alerts.
  • You can square off trading positions at just one click. That is why this app has one of the best indicators for positional trading.
  • Executes orders at a fast speed.
  • You can create maximum 10 positions across segments in one screen.
  • Real-time margin updates.
  • Sends real-time MTM, turnover, and P&L updates.
  • You can pin net positions for future references.
  • You can personalize the application shortcuts.

MO trader provides you with 19+ technical screeners to assist you in finding the best market opportunities at the right time.

A look at the Google Play Store statistics are tabulated below:

 

A sneak peek into the Motilal Oswal Mobile Trading App is as follows:


5. Stoxkart Pro

Stoxkart is a discount broker with robust trading platforms for its clients. The intraday trading app by the broker is known as Stoxkart Pro.

It is considered one of the most technically advanced mobile applications for trading in the stock market.

Let’s discuss the features of this application below:

  • Has a rich user interface to permit investing across financial segments like Equity, Stocks, Currency, Derivatives, and Commodity.
  • Facility to access the application via Guest Login Feature.
  • User-friendly application.
  • You can view all the trades on one screen at the dashboard.
  • Quick live updates of the business and financial world, which is powered by ‘Live Squak’.
  • Permits you to set unlimited price alerts.
  • Get personalized notifications about the instant updates.
  • Create customized watchlists.
  • Order placement at the tip of your fingers.
  • Multiple charting tools.
  • Various charts types of multiple intervals and drawing styles.

The application provides you recommendations that are in line with your goals and enables thematic trading.

A look at the Google Play Store statistics are tabulated below:

 

You can have a look at the user interface in the screenshots below:


6. Fyers App 

Fyers is a discount broker in India. It is a fairly new participant in the stockbroking industry but has been gaining popularity due to the brokerage plans and the quality of trading platforms.

Fyers app is seen as one of the best trading apps in India for retail traders.

Let’s list a few features of this mobile application below:

  • Has more than 2 years of intraday historical data.
  • Unique User Interface and is easy to use.
  • Provides over 22 years of EOD data in the form of TradingView charts.
  • You can favorite financial instruments for easy access.
  • Enables trading in a range of trading segments as it is a member of various stock exchanges.
  • Facility to open an instant Demat account with the broker.
  • Realtime and historical charts are available for spot indices.
  • Easy access to the support team.
  • Access to the back office of the stockbroker.
  • A range of ways to secure your mobile application – Biometric, Pattern-based passwords.

This mobile application provides you with more than 65 technical indicators and multiple chart patterns for easing the process of picking out the best stocks and trading processes. Also, read the Best Indicators for Day Trading Futures.

A look at the Google Play Store statistics are tabulated below:

 

A look at the application has been provided by the screenshots as follows:


Conclusion

Selecting a suitable intraday trading app is one of the most important steps in commencing your journey as an Intraday trader. A trader requires a fast and lightweight application to execute trades at the correct time.

It is possible only when the application is technically advanced and provides all aspects of information like technical analysis, charts, and news updates on time.

A well-informed trader is certain to make more profitable decisions against an uninformed one.

This brief list of 7 intraday trading apps was an attempt to guide you towards the best trading platforms available in the Indian markets.

We hope that it helps you in making the tough decision of choosing the most suitable application from these.

Happy trading!

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