Best Online Share Trading Platform in India 2020, Benefits, Plus points, & Top Performing Trading Platform
Warm regards investors
Gone are those days when you had to reach the auction place and bid for the shares which were to be meant for issuing to the public. You had to maintain your shares in the form of physical certificates and ensure their price value in the share market from time to time also so that you can trade on them and earn sufficient profits.
Today, our topic of discussion is to share trading platform. Are you inquisitive to learn which online platform is best? Or how do trading platforms work?
Then this post will be of some help!
If you are struggling regarding how to invest in a stock market? then need not to worry, the new era of the 21st century has eradicated all the loopholes and headaches from the previous system and come up with a more transparent and easily accessible platform.
One of the visible advantages of the trading platform is a reduction of the transaction cost and monetary expenses that are associated with traditional brick and mortar brokerage firms.
Now, there is a great trend for online stock trading.
The attributes which you might feel at the previous trading platforms can be seen to you removed from the current innovative platforms.
We are talking about the share trading platforms which are available to you online. You just need an internet connection to acquire every point-to-point detail about the share market.
You can track the following information about the share market-
- What is the SENSEX or NIFTY index going on in current?
- What is the value of shares in the current market, for your existing shares in your Demat account?
- What profits may you gain after selling or purchasing the shares?
- You can also access the historical performance of your shares of past years. It may be for the past 5 years or 10 years or any number of years.
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There are many kinds of information that you can grab through the portals.
A trading platform is a desktop-based website portal that can be operated with the facility of a personal computer or laptop or even mobile. These trading platforms provide you the facility of stockbrokers who manages all the investment activities of stocks in the share market on behalf of you.
They avail you a statement regarding how much shares you have purchased, how much you have sold, what is the value of your shares in current time, what decisions you should make for your shares as per the fluctuations of the market etc.
So, the next question comes is how are these trading platforms benefitting you personally?
The obvious answers have already been listed to you at the above paragraph, but along with that there is one more benefit and that is you can access your share details at some clicks of your mouse. You can quickly go through the different tabs in the portal and right there you can obtain as maximum information as you might never be thought for.
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Benefits of Online Trading Platforms
Dear investors, you must be pondering are share trading platform good? Please read the given below information
- You do not need to give your physical appearance anywhere.
- You can do trade i.e. buy and sell shares in the share market by yourself, merely by sitting at your home or anywhere.
- You can execute the trading business with some simple clicks on your mouse buttons.
- You can gain information about your shares or the market indexes right on your computer screen.
Plus points of Trading Platforms
- The trading platform which is availed to you online at your websites is very user-friendly. It means that the portal is designed in such a manner that as soon as you will open the website, you automatically figure out that what you have to do and where to click the buttons.
- The portal is highly integrated which means that it has proper icons and caption buttons that guides you well and make you easily understandable. A high-integrated development environment is maintained over there.
- The trading platforms provide you with very accurate details about everything which is going in the share market and that too very speedily.
- It has low bandwidth. Bandwidth is the speed to execute the results, so you get the results quickly, without any delay.
- Best Stock to buy long term
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Best Trading Platforms in India
Here, we are going to provide you with a list of desktop-based or web-based trading platforms that are placed at the top 10 positions in India. We have filtered the best share trading platforms according to their performance in the market and the customer reviews and authorized ratings on them. So, here we go-
- ICICI Trade Racer
- India Infoline (IIFL)
- Sharekhan Trade Tiger
- Motilal Oswal
- Angel Trade
- Angel Speed Pro
- HDFC Securities
Let us learn about each of them in the upcoming pages of this article.
ICICI Trade Racer
- The ICICI Trade Racer is a terminal-based trading software launched by the ICICI Direct which is a broking house.
- You can take your fundamental and technical decisions by using the research and trading call by clicking on the “iClick2Gain” feature.
- Provides an attractive and colorful screen portal.
- A nice integrated development environment and Customized grid layout.
- A stream of live quotations is available.
- Research call is facilitated.
- Integrated fund transfer system with a speedy transferring feature.
- A trend scanner to track the Intraday price movement for finding tending scrips like the bullish, bearish, pivot, and miscellaneous.
- A live scanner to track the value of stocks on a real-time basis.
- The heat map feature will let you know about the stock which has faced a downfall in its price or reversely, an increment in the value through color coding in red and green respectively.
- The software also allows you to add multiple market watch lists with up to the provision of adding up to 50 scrips in each market watch.
- A Charting feature is also available here from where you can do stock analyses for Simple Moving Average, Exponential Moving Average, Time-Series Moving Average, Triangular Moving Average, Variable Moving Average, VIDYA moving average, Welles Wilder Smoothing, Weighted Moving Average, and many others.
- The portal can be configured as per the frequent requirements of the trader.
- Highly suits to heavy traders and experts.
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India Infoline (IIFL)
It is one of India’s best trading platform having 4000+ branches in overall India. The IIFL Trader Terminal Desktop platform provides a very integrating and user-friendly development environment.
The market shares scenarios are described in a very interactive and understandable mode via charting and analytical features.
The trading platform of IIFL provides you a single place to trade in cash, derivatives, mutual funds, IPOs, currencies, and commodities. These services are backed with the support from well-skilled experts who pour all their intelligence in maintaining and managing the wealth of the investors.
It provides a very secure way to enter its screen through the use of authentication processes.
It executes the order placed on a real-time basis.
The user interface is very user-friendly and thus very easy to use and understand.
- It is a very common name known to the share market brokers. It is offering very speedy online services to trade the shares within seconds and that platform is known by the name of Trade Tiger.
It is one of the best share trading platforms.
- The survey results and the market performance of the shares are all described by the way of good-intractable charts. You can even customize the legends choice also as per your requirements.
- The charts are presented to you on a daily basis, on everyday market update-wise.
- Sharekhan Trade Tiger is listed under NSE and BSE and provides a trading platform to buy and sell the shares.
- There have some graphical studies also for the market and they can be average, Band-Bollinger, KnowSureThing, MACD, etc.
- It also provides extra features like OAlert, Chart-book, Heat-map, trade from charts, and many more.
Motilal Oswal Trade
- It has a very good name in the share broking industry.
- It helps you to trade in the market after providing deep information on everything which is relevant to make your investment a good kind of investment.
- It provides deep information like gainer/losers, most active stocks, top events, latest news, and much useful information.
- It also provides you with some smart tools like the option writer, Trade Guide Signal, Portfolio Optimizer, Spread trading. These all are trading tools which will help you to make the right decision.
- It is suitable for real-time investors who want a live market for enabling them to invest any time in the market.
- The trading speed of the platform is very speedy and refreshes your every transaction within a second. So the refresh rate is good.
- You can have access to over 30,000 research reports across all asset classes in a single click.
Angel Speed Pro
It is a very recommendable trading platform because it is included with many exciting and powerful features. The features are-
- Real-time rate updates
- Advance charts
- Portfolio details
- Online mutual fund application
- Integrated news flash and research reports
You can quickly access the reports on your trade report, fund management, portfolio reports, and back-office report.
It also has a customizable toolbar to control ribbon style menus and quick links.
You can toggle the multiple windows and easily placed them on the screen as per your choice.
It provides you fund transfer facility from 39 registered banks. It also has streaming quotes and Multiple Exchanges.
It is another trading platform from Angel Broking which provides you every second updated information on the screen page. Again it provides you market research reports which are comprehensive.it trades in equities, currencies, commodities and mutual funds.
It has an additional feature that you can manage your family’s wealth with your own account credentials.
The Zerodha Kite is a popular brand of Zerodha broker’s institute. It is a web-based portal. The main attractive thing about this portal is that it offers the users a light, easily understandable, less comprehensive and highly responsive platform to trade well in the market.
The platform is available to interact in many languages which include English, Hindi, Kannada, Telugu, Tamil, Malayalam, Bengali, Marathi, Gujarati, and Punjabi and thus you can trade via any language.
It consumes a very low bandwidth i.e. 0.5 kbps for supervising the whole market and keeping the track.
It offers to chart features also which represents over 100 indicators and 6 chart types to make you thing understand deeply. Chart types may be Brackets and cover, millisecond order placement, and many more.
It is another web trading platform which provides you a smooth, efficient and highly responsive integrated screen layout to trade easily and fastly in the market.
It has features of charting with 70+ indicators and historical EOD data of 20+ years.
It also generates kinds of research reports to help you in making ideal decisions regarding the trade. Funds can be easily transferred with the use of e-banking or the Payment gateways.
- It is a discount broker oriented website portal established to compete the Zerodha site. It has included every feature in it which is superior in itself.
- It provides a speedy transfer of funds feature. It means that places your trade in 15 seconds and it directly places the order from the charts.
- The consumption of bandwidth is minimum.
- The system is highly encrypted to ensure its safety from security threats.
- It provides universal search across exchanges.
- It also tracks the Bracket orders on live.
It is developed by Tata Consultancy Services (TCS) as the best e-brokerage platform. It has also won the award at the Outlook Money Awards-2013 in the runner-up category.
This share trading platform is made of 2.0 technologies that proffer a trouble-free trading experience. it offers accurate news which impacts your investment decisions.
You can seamlessly move your funds and securities into savings, Demat and trading accounts.
Dear investors, you have now the list of best share trading platform. Trade through the online trading platform has become a trend.
Such online trading platforms are power-packed with new features.
Dear readers, thanks for reading! I hope you find the information provided above meaningful. I wish you are satisfied with the information on the online trading platform.
Look! All the above stockbrokers are well-operators in the market. They all time compete in the market with each other and updates their features for more enhancement in its working operations. So, whatever you will choose, you will experience a great experience over there.
I am much delighted to share my knowledge about the best share trading platform.
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Thank you and I wish you a streak of luck.