India's Best Trading Platforms Revealed

If you’re based in India and want to trade financial assets online – you will need to find a top-rated platform. The best trading platforms in India offer a wide variety of assets and markets, low fees and commissions, and good customer support.

In this guide, we review the Best Trading Platforms India for 2023 and walk you through the process of opening an investment account today.

Your capital is at risk.

67% of retail investor accounts lose money when trading CFDs with this provider.

Best Trading Platform in India 2023 List

Don’t have time to read our commodity broker reviews in full? If so, below you will find a list of the best trading platform in India and the top runners up in the market right now!

1. eToro – Overall Best Broker in India for Social Trading
2. Libertex – Best Broker in India with ZERO Spread CFDs
3. Zerodha Kite – Best Trading Platform India for Free Equity Investments
4. Skilling – Best Online Trading Platform in India for Forex
5. Angel Broking – Best Trading Platform India for Asset Diversity
6. Sharekhan – Best Online Trading Platform in India for Custom Experience
7. Fyers – Best Trading Platform India for Technical Analysis
8. Kotak – Best Trading Platform in India for Long-Term Investors
9. Motilal Oswal – Best Trading Platform India for Free Demat Accounts

Best Trading Platforms in India Reviewed

There are many online trading platforms that allow you to trade from the comfort of your home in India.

On top of fees, regulation, supported markets, payments, and customer support – you also need to consider the specific financial instrument that you will be trading – such as CFDs, futures, options, or cryptocurrencies.

To save you countless hours of research, below we review the very best Indian trading platforms of 2023.

1. eToro – The Best Broker in India for Social Trading

eToro is a globally recognized s that facilitates the trading of stocks, commodities, crypto assets and more. Perhaps the most appealing feature of the trading platform is that it can be used on both mobile and desktop devices, which makes it suitable for people who want to manage their portfolios on the go.

eToro also has a range of useful educational resources that can help users to improve their skills. As well as this, eToro supports copy trading – a trading strategy that involves copying the trades of experts. The platform provides users with a seamless copy trading dashboard through which it is possible to see the past performance of expert traders and decide which ones to copy.

Regarding fees, eToro is free to sign up to and charges very low commissions on trades. The platform also charges zero commissions for deposits and withdrawals. The minimum deposit for eToro in India is $200.

Pros:

• Supports social trading and copy trading.
• User-friendly interface.
• Low fess for all financial markets.
• Demo account available.
• Accepts a variety of payment methods.

Cons:

• No advanced charting tools available.

Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees.

2. Libertex – Best Broker in India with ZERO Spread CFDs

If you prefer to take a day trading or swing trading approach to financial speculation - Libertex is a great platform to consider. The provider specializes in leveraged forex and CFD markets - which is inclusive of stocks, ETFs, indices, commodities, cryptocurrencies, and major, minor, and exotic currency pairs.

If you're looking to trade in a low-cost manner - Libertex certainly fits the bill. Firstly, the broker does not charge any spreads at all - so the bid and ask price on all of its supported markets are the same. Additionally, commissions are typically below the 0.1% level. In some cases - like when you trade major stock CFDs, you won't be charged any commission at all.

Libertex also has a great reputation in the global trading scene. It now boasts a customer base of almost 3 million clients. The platform - which is regulated by CySEC, has been offering CFD trading services since the 1990s. Libertex has built its own web-trading platform that is also available via an Android and iOS app. You can also trade via popular third-party platforms MT4 and MT5. This is great if you are planning to deploy an automated trading robot.

Libertex allows you to trade on margin - with limits depending on the asset class you wish to access and whether you are a retail or professional client. You will also have the option of going long or short on your chosen market. In terms of getting started, you can open a trading account at Libertex in less than 10 minutes. The minimum deposit is $100 and you can fund your account with a debit/credit card, e-wallet, or bank wire. All subsequent deposits come at a minimum of just $100.

Pros:

• Zero spread CFD trading
• Very competitive commissions
• Good educational resources
• Long established broker
• Trade stocks and indices like the Dow Jones
• Compatible with MT4
• Great choice of markets

Cons:

• Only offers CFDs

83% of retail investors lose money trading CFDs at this site.

3. Zerodha Kite - Best Trading Platform India for Free Equity Investments

Zerodha Kite is a popular trading platform in India that is now home to over 5 million clients. You will have access to a wide variety of domestic asset classes - which includes heaps of stocks and mutual funds.

We also like the fact that Zerodha clients have access to IPOs - which allows you to invest in up-and coming-companies. The platform is also great for income-seeking investors - as Zerodha Kite supports bonds and government securities.

If you see yourself as more of a day trader - Zerodha also offers a good range of derivatives. This covers commodities, futures, options, and currencies. In terms of fees, Zerodha offers free equity deliveries (BSE and NSE). If you want to use the intraday platform, this costs the lower of Rs. 20 or 0.03% of the order amount.

Pros:

• Supports stocks, mutual funds and bonds
• Derivatives include futures, options, currencies, and commodities
• Free equity deliveries
• Great reputation in India

Cons:

• Intraday trading charged at lower of Rs. 20 or 0.03%
• No international stocks

Your capital is at risk

4. Skilling - Best Online Trading Platform in India for Forex

Although Skilling is relatively new in the online brokerage scene - it is arguably the best trading platform in India for forex. On this platform, you will be able to trade a wide variety of currency pairs - with Skilling covering majors, minors, and exotics.

When entering positions on major pairs like EUR/USD or AUD/USD - you will be offered leverage of up to 1:30. Retail investor accounts will get 1:20 when trading minor or exotic pairs. There are no commissions charged on this forex trading platform - and spreads start from just 0.1 pips.

On top of currencies, Skilling also allows Indians to trade hard metals, energies, shares, and indices. These instruments are also commission-free and can be access to various levels of leverage. The minimum deposit on Skilling is just $100 and the broker supports debit/credit cards, e-wallets, and bank wires. The platform is regulated by CySEC.

Pros:

• More than 800 financial instruments
• Commission-free share trading with tight spreads
• Great for newbies
• Supports algorithmic trading
• Compatible with MT4 and cTrader
• User-friendly mobile app for iOS and Android

Cons:

• Does not support ETF trading

Your capital is at risk when trading CFDs with this provider.

5. Angel Broking - Best Trading Platform India for Asset Diversity

Launched in 1987, Angel Broking is a highly established brokerage firm that is based in India. At the time of writing, the platform is home to over 2.1 million registered clients and its trading app has since been downloaded more than 7 million times.

Angel Broking is potentially the best trading platform India for asset diversity purposes. This is because the broker offers thousands of financial instruments across most asset classes. For example, you can access domestic equities, mutual funds, IPOs, managed portfolios, commodities, and even investment advice.

In terms of brokerage fees, you can purchase Indian equities without paying any delivery commission. If you want access to intraday services or derivatives like options and futures - you will be charged Rs. 20 on each order. Angel Broking is also a good option if you want access to comprehensive research and analysis materials.

Pros:

• Free equity deliveries
• Thousands of markets
• Mutual funds
• Futures and options
• Free margin funding for the first 30 days
• MCX commodities

Cons:

• Rs. 20 on each derivatives order

Your capital is at risk when trading with this provider.

6. Sharekhan - Best Online Trading Platform in India for Custom Experience

Founded in 2000, Sharekhan is a popular online trading platform that is backed by a major powerhouse - BNP Paribas. If you are the type of individual that likes a personal touch to investing - Sharekhan is home to over 3,000 service centers across more than 540 Indian cities.

This offers a level of customer service that most brokers in India are unable to rival. In terms of supported assets, Sharekhan is suitable for both long-term investors and short-term traders. Regarding the former, this includes mutual funds, equities, and portfolio management services.

If you're a short-term trader, the broker supports commodities, currencies, and other leveraged financial products. You can access your Sharekhan account online or via the mobile app. Fees at this trading platform will vary quite considerably depending on which financial market you wish to trade, albeit, they are generally very competitive across the board.

Pros:

• Backed by BNP Paribas
• Excellent customer service
• More than 3,000 service centers across 540 cities
• Great mobile trading app
• Suitable for both long-term and short-term traders

Cons:

• Fee structure is a bit complicated

Your capital is at risk when trading with this provider.

7. Fyers - Best Trading Platform India for Technical Analysis

Fyers is an online trading platform that was launched in 2015 and is based in Bangalore. The broker offers a wide range of markets - which is inclusive of long-term investment assets like mutual funds, stocks, and IPOs. You can also trade a huge range of financial derivatives and currencies.

Fryers is perhaps the best trading platform in India for advanced technical traders. This is because the broker offers downloadable trading software that comes packed with advanced research tools. This includes the ability to set up multiple charts on the same screen, watch lists, deploy technical indicators, and customize your timeframe candlesticks.

Additional tools include a heat map that allows you to view current market sentiment, stock screeners, and real-time pricing. When it comes to trading fees, this is very similar to Zerodha. This is because you will get free equity deliveries and pay 0.03% or Rs. 20 (lower of) on intraday and derivative products.

Pros:

• Best trading platform India for technical analysis
• Customizable charting screens and 60+ technical indicators
• Free equity deliveries
• Lots of supported intraday markets
• Supports automated trading

Cons:

• Account opening process is a bit slow

Your capital is at risk when trading with this provider.

8. Kotak - Best Trading Platform in India for Long-Term Investors

Although Kotak Mahindra Bank is primarily a financial institution that offers retail, corporate, and private banking services - it also has a brokerage wing that can be accessed by anyone. In particular, Kotak is one of the best online trading platforms India for long-term investments.

At the forefront of this is the platform's huge mutual fund offering. This covers a wide range of long-term objectives and financial goals - with mutual funds available from 25 top-rated providers. What we also like about the Kotak brokerage platform is that it allows you to set up regular investments.

You can do this via a Systematic Transfer/Investment Plans - or by setting up a standing order through your bank. Kotak is also a good option if you need a little bit of guidance regarding the best mutual funds to consider. This is because it offers a detailed overview of its 'recommended funds' alongside the necessary analysis.

Pros:

• Best trading platform India for long-term investments
• 25+ mutual fund providers
• Option to set up a regular investment plan
• Good range of investment-related articles and blogs
• Very convenient if you already have an account with Kotak

Cons:

• More expensive than other mutual fund brokers

Your capital is at risk when trading with this provider.

9. Motilal Oswal - Best Trading Platform India for Free Demat Accounts

Motilal Oswal is a growing online brokerage site that is currently home to 19,000 customers. The platform is well-priced - going as far as offering new customers a free Demat account. Once you have opened your account, you will have access to thousands of stocks from 45+ different sectors.

You can also invest in mutual funds, ready-made portfolios, and even gold. If you want to trade actively, Motilal Oswal also offers leveraged derivative products. This top-rated brokerage also offers a number of trading tools that aim to help you outperform the market. This includes 19 stock screeners, lots of technical indicators, and strategy builders.

Motilal Oswal is also renowned for the in-depth research reports it offers. This covers more than 80,000 individual reports - allowing you to perform in-depth research before making an investment decision. Customer support is also highly rated at this broker - with a live chat facility that is operational 24/7.

Pros:

• Free Demat accounts
• 80+ financial reports
• 24/7 live chat facility
• Financial derivative trading supported
• Lots of trading tools

Cons:

• Relatively small with just 19,000 customers

Your capital is at risk when trading with this provider.

How to Choose the Best Trading Platform in India for You

In searching for the best trading platform India - you need to look at various factors. This should the specific asset or market that you are interested in - such as equities, mutual funds, or financial derivatives.

Then, you need to explore how much the broker will charge you to access these products in terms of fees and commissions. Other factors are important too - such as regulation, payment types, and customer support.

Below we discuss the most important considerations to make in your hunt for the best trading platform India for 2023.

Regulation

You must ensure that your chosen trading platform is regulated by a reputable body. For example, Libertex is regulated by three financial bodies - namely, the FCA (UK), ASID (Australia), and CySEC (Cyprus). These regulators have strict demands on the brokers they license - such as ensuring that all traders are verified and that client money is kept in segregated bank accounts.

If your chosen broker is physically located in India - or the platform gives you access to domestic assets, it will need to be regulated by the Securities and Exchange Board of India (SEBI). With that said, SEBI brokers are very restrictive when it comes to internationally-listed assets - which is why so many Indian traders prefer foreign trading platforms that are regulated overseas.

Assets

While some traders prefer to focus on assets that are listed in India - there might be better opportunities in other marketplaces.

If you're interested in other asset classes - make sure your chosen broker supports them. The best trading platforms in India will also cover mutual funds, ETFs, index funds, commodities, forex, and even cryptocurrencies.

Fees

Fees come in many different shapes and sizes when trading online.

This includes:

• Dealing Fees: If you are looking to invest in traditional assets like stocks, ETFs, or mutual funds - you will likely pay a flat dealing fee. At Libertex, however, you can buy shares, funds, and digital currencies without paying any dealing fees at all.
• Trading Commissions: If you are planning to trade on an intraday basis - then you will likely pay a variable commission. For example, many of the best online trading platforms India discussed on this page charges a fee of 0.03% per slide. Once again, Libertex also allows you to trade leveraged CFDs on a commission-free basis.
• Platform Fees: Some online trading platforms in India charge an ongoing platform fee.
• Transaction Fees: You might also need to pay a fee when you deposit and/or withdraw funds.

As you can see, there are many fees that you need to look out for when using a trading platform. As such, always check this before proceeding to open an account.

Trading Tools & Features

When searching for the best trading platform India - you need to check whether the provider offers tools that can assist with your investment decision-making process. For example, if you are an intraday trader you will like want access to advanced order types, lots of technical indicators, and the ability to view multiple charts at once.

User Experience

Some of the providers that we came across when reviewing the best trading platforms India were very cumbersome to use. We found that the account opening process was very time-consuming - as was depositing funds.

At the other end of the spectrum, we found that Libertex accounts take just minutes to open and you instantly add money with an Indian debit/credit card or an e-wallet like Paypal. Plus, once you have funded your account - the platform offers a really straightforward user interface.

Finding an asset is easy when using the search box. When it comes to setting up an order at Libertex - this is also easy. All you need to do is enter your stake in US dollars and confirm the order. Crucially, if this is your first time investing online - you'll want to ensure that the platform offers a user-friendly and seamless experience.

Demo Account

We also found that the best trading platforms in India offer a demo account. This allows you to trade and invest in a 100% risk-free manner. After all, you are trading with demo money. The likes of Libertex give you access to a free demo account as soon as you have registered - which at all three brokers takes less than a few minutes.

Mobile App

If you're planning to trade on your mobile phone - make sure your chosen broker offers a top-rated app. Most of the best trading platforms India discussed today offer an app that is available on both iOS and Android. However, not all of the apps that we came across offer a good user experience - so be sure to check this before depositing any money.

Payment Methods

Make sure that your chosen broker supports the Indian payment method that you wish to use to deposit and withdraw funds. The best trading platforms in India - which is inclusive of Libertex - support debit/credit cards, e-wallets, and bank transfers.

Customer Support

The best online trading platforms in India offer customer support via live chat. In many cases, this feature will be active on a 27/4 basis. Some of the brokers that we came across during our review process only offer support via email.

How to Start with the Best Trading Platform in India

Ready to start trading and investing from the comfort of your home? if so, account opening process at our top-rated broker - Libertex, takes less than 10 minutes from start to finish. Follow the steps below to start trading commission-free!

Step 1: Open an Account and Upload ID

First you will need to visit the Librtex website and open an account. As we mentioned earlier, this broker is heavily regulated - so it ask you to enter some personal information. This includes your name, home address, and contact details.

You will also need to upload a copy of your Indian passport, driver's license, or government-issued ID.

Step 2: Deposit Funds

You can now deposit funds with a debit/credit card, bank transfers, Paypal, Skrill, or Neteller.

Step 3: Search for Asset

Irrespective of whether you are looking to create a long-term investment plan or trade short-term financial derivatives - Libertex has you covered. Click on the 'Trade Markets' button and then select the asset class you are interested in (e.g. ETFs, crypto, stocks).

If, however, you already know which asset you want to trade - use the search box at the top of the page.

Step 4: Place Commission-Free Trader

To complete the investment process - you need to set up an order.

For this, you simply need to enter the amount you wish to stake on the asset. There is a minimum trade value of $25 on cryptocurrencies and $50 on stocks and ETFs.

Finally, click on the 'Set Order' button to complete your commission-free investment at Libertex!

Conclusion

There are hundreds of online brokers offering investment services to Indians - so choosing the best trading platform for you needs is crucial.

We found that Libertex ticks all of the right boxes - as the broker offers thousands of assets across stocks, ETFs, indices, commodities, forex and digital currencies. Each and every market can be traded commission-free at this regulated broker - and getting started with an account takes minutes!

Libertex- Best Trading Platform India with Low Commission

Your capital is at risk.

67% of retail investor accounts lose money when trading CFDs with this provider.

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