India’s Top 3 Trading Applications 2023.In all our India, there is 3.5 % of people or approximately 5 Crore People have entered in share market. On the same, if I talk about China, then there is 12.7 % of people enter stocks and there 55% of people enter stocks. But in India, people starting to enter the stock market and as per the report, there were 5 Crore Demat Account Created whether they are active or not. And statistics say that in the coming 5 to 10 years, India will beat China in Stock Market.
Once a time, people traded on computers or Pcs but now we have smartphones along with various Trading applications on Android and IOs. So we can trade anywhere in all over the world. So today we are going to tell you the top 3 trading applications so that you can differentiate between these and choose the right one for you.
Before giving an overview of the top 3 applications, we want to tell you something, so please concentrate and read. Generally, two types of accounts are 1. Demat Account 2. Trading Account. Whenever you buy any stocks, then whereon your stocks deposits that is your Demat Account. In India, two depository organizations are CDSL and NSDL. Normally for newbies, the Demat and trading accounts both are created simultaneously and for that, you have to pay a certain amount of fee. So we suggest you that create your accounts on a particular platform and there will be an annual account maintenance fee involved in it.
Equity Intraday & Equity Delivery
If you buy a stock and you sell it on the same day, then this is equity intraday. And if you hold stock after buying for a single day and then you sell it, then this is called equity delivery.
1. Groww Application
As we mentioned above, whenever you create a new account, then you have to pay a certain amount of fee. But in the Groww app, there is not any initial fee or hidden charges for creating a Demat Account. And another benefit of Groww is that you do not have to give any annual fee in Groww. Here, you can refer & earn in this application. In refer & earn, when you refer this application to your friend, then your friend has successfully created his/her account with your referral code.
Then you and your friend will get 100 Rupees directly in the wallet and even you and your friend can withdraw the referral reward. If you do Equity Delivery, then you do not have to give any fee. But if you do Equity Intraday, you have to pay 0.05 per order or 20 rupees during buying and selling the stock at the same time. If you want to know the total brokerage fee in the Groww App, you can proceed to their official website in the Brokerage calculator section.
2. Upstox
Upstox is another one of the best trading apps in India. In refer & earn, when you refer this application to your friend, then your friend has successfully created his/her account with your referral code. Then you and your friend will get 500 Rupees directly in the wallet and even you and your friend can withdraw the referral reward. But there is a condition that is you cannot refer to your brother, sister, father, mother, or other blood relation people. To create a Demat account on Upstox, you have to pay 199 rupees along with the GST Charges.
If we talk about its annual maintenance fee, so you have to give 300 rupees plus 18% of GST annually. If you do Equity Delivery, then you do not have to give any fee. But if you do Equity Intraday, you have to pay 0.05 per order or 20 rupees during buying and selling the stock at the same time.
3. Zerodha
Zerodha is now a trending trading application and it’s more efficient and effective than Groww and Upstox. You can also refer & earn through the Zerodha app account. In refer & earn, when you refer this application to your friend, then your friend has successfully created his/her account with your referral code. Then you and your friend will get 300 Reward points. Please note that the 300 reward points are not money but from the reward points, you can buy various Zerodha courses. But you will be also getting 10 percent of the brokerage fee from your referred accounts of your friend’s lifetime.India’s Top 3 Trading Applications 2023