Best App for Stock Market in India

With the digitalization of stock market operations, the share market app has become an indispensable part of trading and investment. Whether a person invests long-term or trades daily, trading apps are part and parcel of their lives. The use of trading apps has multiplied with the increasing numbers of stock traders and investors, especially the young generation who are participating in the market.

This article will discuss trading apps in general, their uses and functions, and also give you insights about the best demat app for the stock market in India and how to choose the best trading app. So, let’s start with the basics of trading apps.

What are Stock Trading Apps?

Trading apps or trading applications are mobile applications designed to trade in the stock market. These trading applications are like any other mobile applications that you use daily. They can also be referred to as the trading platforms where it offers the services and facilities from the brokerage house, which you have your accounts with.

Trading applications have become highly popular as they offer multiple benefits. You do not need to carry your laptop or use the desktop when you need to trade. All you have to do is open the mobile trading application on your smartphone, and you are good to go.

Then with these applications, the internet requirement is also very limited, as you do not need high-speed Wi-Fi connections to run these applications. These are light applications that can even run with mobile data, and thus, you can trade even when you are traveling to remote areas.

Trading applications can be easily downloaded like any other Android or iOS application. All you need to do is to open the Google Playstore or Apple Store and the app you want to download and click on install.

How Do They Function?

Now, coming to one of the most crucial aspects of trading apps is how they function. So, these applications are like mini trading terminals. You can buy, sell, modify, cancel, read charts, use the technical indicators, get live market feed, and track your portfolio at any time with these applications.

They have a dashboard where you can see the different indices you choose to track and a watchlist where you have to add up the stocks you want to track. Then you can place an order by clicking on the stocks from the watchlist, or you can search for the company as well.

Placing an order is easy with these apps. You can simply enter the units you want to purchase or sell, then enter the price at which you won't do the same also. You can add a stop loss or opt for other order types and place the order.

Once the order gets executed, you can check Demat and the trading account for updated information. You can also check your open positions, margin, and other details using the mobile trading app.

How to Choose the best app for the stock market in India?

It is quite a task to choose the best app for the stock market in India. Your choice will decide how fast your orders will be placed and executed. It can also decide how much fees you have to pay for using the application, but most importantly, choosing the right app can help you experience the best trading practices.

Here are some of the tips for choosing the right app for trading in the Indian stock market –

• The first thing you need to check is the speed of the trading app. This is the most crucial aspect of any trading app. You need to see how fast orders can be placed and executed. The timing is everything in the market, and once you miss the right time, you miss the profit-making opportunity as well. This is mainly crucial for daily traders, who make a profit out of small changes in the price. Thus, you first need to know whether the trading app is quick or not.
  
• Then comes the interface. While the app has to have multiple features, the interface of the app must be really simple. Every trader or investor is not a tech-savvy person, nor are they financial experts.
  
  So, the trading apps must be made easy enough to be used by common people, whether they have expertise in tech and finance or not. The interface must be user-friendly and easy to use. This implies all the majorly used tabs/options functions on the screen/ dashboard so that one can easily place orders or modify or cancel them and other such facilities.
  
• The third factor you need to check is how much market data and live market update the app is providing. For traders and even investors live market information, updates, news, and real-time prices are crucial.
  
• Then come the alerts and notifications. The trading app must have efficient settings for alerts and notifications so that you do not miss out on any opportunity from the market.
  
• Finally, customization options must be there so that you can use them and personalize the app as you’re your trading needs.
  

Why is Choice FinX the Best app for Indian Stock Market Investment?

Choice FinX is an app that helps you trade in a moment and take all your woes of trading at ease. This app has been designed by Choice India, which you can be used for trading and investing in the Indian stock market.

This app allows you to trade all the segments in the market, whether it is cash, delivery, currencies, and others.

It is available on the App Store for iOS users, and Android users can download it from the Google Playstore. This app is used by over 4 lakhs users, who have faith in this application. It is also rated as one of the most secure and fast trading apps in the Indian stock market.

Salient Features of the Choice FinX Trading App

The features which make Choice FinX different from other trading apps –

Consolidated company information:

You can get all the information about the company, which you want to trade. The available prices for trading and other details.

Fast buy and selling options:

There are seven different screens in the application form on which you can place the order. This means you do not have to open the company page or individual stock to trade if you are on other pages. You can directly place an order while doing something else on the app.

Charts and technical analysis tools:

There are more than hundreds of trading tools, including advanced charts, indicators, and other analytical tools.

IPO investment analysis:

One of the best features that Choice FinX offers is the IPO investment analysis. It not only helps you identify the best IPOs coming up but also analyze them as per your portfolio and helps you choose the right IPO for your profile.

Option chain:

You can trade options easily with the option chain facility on this trading app. It makes options trading easier for the traders.

Dedicated research section:

You can get research reports and results made by the experts and analyze your investments as per their research. This will help you compare your analysis and also learn more about the same.

Filtered watchlist:

Every trading app has a watchlist to add and track stocks they want to trade. Choice FinX offers a watchlist where you can filter out stocks as well. You can choose a particular stock from a particular industry or as per other parameters you set in the filtration option.

C-Quant:

One of the most advanced features this app has incorporated is C-Quant, an AI-based research engine that helps you get real-time trading signals.

Benefits of Using Choice FinX for Trading in the Indian Stock Market

If you are still wondering what makes this trading app the best app for the stock market in India, then here are some of its benefits –

• It is easily available on the Google Play Store and App Store for both, Android and iOS users, respectively.
• Secondly, it is one of the fastest apps in the market at present.
• Then comes the AI and other advanced technology that this app has incorporated to provide the best facilities and services to the clients.
• There are ample investment instruments to trade and invest in using the app.
• This share market app is suitable for beginners as it has a simple and user-friendly interface. Thus, it is also regarded as the best trading app for beginners in India.

Final Thoughts

While there are hundreds of trading apps in the market, and every day a new one is coming up, you need to be cautious when choosing one. You need to not only choose the trading app but the brokerage house too while choosing the application. You need to evaluate all the factors that are stated above to check whether the app you are thinking of using is worth your time and money or not.