- Top online trading sites offer robust tools for traders
- Some sites and apps offer free accounts with fees only for trades
- Best stocks for 2022 include banking, technology, real estate, and pharmaceuticals
Online trading is the process of purchasing and selling financial products through the internet. In this trading approach, the trader makes purchases and sells using an internet trading platform. Online trading includes the purchase and sale of stocks, commodities, bonds, foreign currencies and other financial assets.
A trading platform is a website or app that enables traders and investors to conduct trading activities. Most trading platforms have incredible features, including charting tools, news feeds, premium search and real-time quotations.
Why Online Trading Is Booming in India
Online trading platforms, such as Zerodha and Upstox, experienced an increase in traders and trading activity during the pandemic. Shutdowns prompted many people to seek other forms of income, and many individuals gained additional time to invest in shares from home. Now that COVID-19 is shifting from a pandemic to endemic, the popularity of trading sites and apps continues, as success stories emerging from traders who did well during the pandemic are encouraging others to try out these resources.
Zerodha is an industry-standard trading platform accessible through mobile applications and the web. Kite, its flagship trading platform, is a significant contributor to exchanges, accounting for eight percent of retail trading value to the BSE, MCX, NSE, and MCX-SX. Currently, Zerodha has over three million active customers and 120 locations in India. When creating a trading account with Zerodha, traders must pay a 200 INR account opening fee. However, there are no account maintenance fees, and traders aren’t charged for delivery-based deals. For stock intraday transactions, traders are charged 0.03 percent of turnover or 20 INR per order completed, whichever is lower.
- Six charts tracking more than 100 indicators
- Live quotes, order notifications and ticks
- Syncs with other Zerodha apps, such as Tickertape and smallcase
- Quant tool integrations for fundamental analysis using behavioral analytics available
- Minimal fees
- Compelling trading tools and charts
- Hassle-free trading experience
- Slow account opening process
- Access to only Indian stock markets
Upstox Pro, a web-based trading platform that supports HTML5, is renowned for its speed, ease of use and practical search tools that assist in locating desirable stocks. Traders may trade on the NSE and BSE exchanges through their mobile devices or via the web. When traders create a trading account, they must pay a one-time fee of 200 INR. However, there is a brokerage fee of 249 INR per trade, as well as additional fees, which are assessed per trade.
- Powerful search tool that allows you to quickly find desired stocks
- Over 100 hundred charting tools
- Trading straight from charts is an option
- Customizable watch lists
- Good options for customization
- Regular product updates
- Fast trading services
- Good charting features
- No direct investing in mutual funds
- Limited features compared to other platforms
- Mobile application provides better functionality than the web version
FYERS One is one of the most advanced trading systems available today. Specifically intended for fundamental and technical traders, this trading platform includes technical screeners and sophisticated charting. The platform’s built-in screeners aid traders in analyzing current market trends, support and resistance levels and intraday fluctuations.
Since it’s an online trading platform, traders and investors must have a stable internet connection to trade using FYERS One. The best feature of this trading platform is that it provides affordable brokerage plans that include free equity delivery brokerage. All other sectors carry a brokerage fee of 20 INR per completed order.
- Over 60 technical analysis indicators
- Stock screeners clearly illustrate intraday fluctuations
- Market meter shows which stocks are driving the market up or down
- Regular end-of-day reporting without data extraction
- More precise data compared to other trading platforms
- Performs reliably with fewer crashes than competitors
- Powerful technical analysis features
- Heatmaps, index meters and stock screeners allow for rapid analytics
- Requires sophisticated computer setup for a flawless user experience
- Increased transaction costs for currency exchange
- No toll-free customer number
Sharekhan’s TradeTiger is an efficient trading platform that enables customers to trade using their desktop and smartphone devices. It’s designed to provide skilled brokers with access to robust broker terminals and a pleasant trading experience. TradeTiger enables trading across several trading sectors and exchanges.
This platform is capable of processing 400,000 transactions each day, and its specialist research teams provide investing, stock, business analysis and trading advice and suggestions to assist users. TradeTiger is free to join and only charges fees per trade.
- Simplifies selling and buying through integration
- Frequent feed updates
- Advance order guarantees available
- Free entry makes the platform great for beginners
- Fast performance for fewer missed opportunities
- Users can place several orders at once
- Numerous chart and indicator types are available for technical analysis
- Requires advanced specs for desktop computer access
- Some issues reported with accessing charting functions after the recent update
- Aftermarket orders are unavailable
Angel Broking is among the leading broking houses in India. Established in 1987, the platform is dedicated to retail stock trading. In 2019, Angel Broking changed the brokerage plans to stay in the same league as other discount stockbrokers.
The company has made significant investments in technology and provides a variety of proprietary trading platforms and tools, including:
- Angel SpeedPro: Desktop trading application
- Angel Broking Trade: Online trading site
- Angel Broking App: Smartphone trading application
- Angel ARQ: Advisory tool
The platform’s Angel i-Trade Prim plan charges a flat fee of 20 INR per order across all trading segments.
- Quotations from the live feed
- Access to research publications
- Stock screeners
- Trading across several segments from a single platform
- Investing in ARQ and mutual funds
- No cost training for novices
- Collateralized securities
- Available for free on all devices
- Low brokerage commissions on full-service transactions
- Doesn’t provide a three-in-one account
16 Best Stocks to Buy for 2022
Technology, bank, real estate, and pharmaceuticals are among the sectors the pros are keeping an eye on. Some of the most frequently recommended stocks are:
- Axis Bank Ltd.
- Cipla Ltd.
- Gland Pharma Ltd.
- Godrej Properties Ltd.
- HCL Technologies Ltd.
- ICICI Bank Ltd.
- Infosys Ltd.
- Ipca Laboratories Ltd.
- Max Healthcare Institute Ltd.
- Oberoi Realty Ltd.
- Phoenix Mills Ltd.
- Prestige Estates Projects Ltd.
- State Bank of India
- Sunteck Realty Ltd.
- Tata Consultancy Services Ltd.
- Tech Mahindra Ltd.