In recent years, India’s F&O market has experienced rapid growth, positioning it as a global powerhouse. NSE (National Stock Exchange), India’s biggest stock exchange, had the world’s highest number of equity index options traded in 2023, according to a report by the Futures Industry Association (FIA).
This surge in activity makes it clear that traders need the best app for F&O trading. From this perspective, the current article provides a review of the best app for F&O trading in India.
6 Best F&O Trading Apps in India
Here are the 5 best F&O trading apps in India –
1. Groww:
Groww is India’s No. 1 stockbroker and one of the best F&O trading apps in India. Whether you are a beginner or advanced trader, Groww caters to F&O traders across all experience levels.
The app boasts a clean, intuitive UI with a powerful set of advanced tools, including a scalper mode for ultra-fast trade execution in less than 0.05 secs, advanced option chain with integrated option Greeks (delta, gamma, theta, vega, and rho), payoff graphs to visualise risk-reward scenarios, and a web-based terminal with TradingView chart integration. Traders can place market, limit, SL, GTT orders and multi-leg strategy execution at a flat ₹20 per order brokerage.
2. Zerodha Kite:
Kite from Zerodha offers F&O features and provides access to over 100 indicators on ChartIQ and TradingView charts, which are essential tools for in-depth futures and options (F&O) analysis.
Additionally, this app supports advanced order types, including Cover Orders and Brackets. These orders are crucial for risk management.
3. Upstox Pro:
Having been praised for its speed and performance, Upstox Pro has become non-negotiable in the volatile F&O market. It has created a niche packed with useful features. It comes with a customizable workspace that allows users tailor the interface as per their preferred layouts and watchlists.
It supports various advanced order types, including Good Till Triggered (GTT). Additionally, it features a powerful analytical tool suite and execution speed.
4. Angel One:
Angel One F&O trading app combines the full-service capabilities of a traditional broker with a modern digital platform. It’s an excellent choice for those who want more than just an app, including access to extensive research reports, expert market insights, and advisory services.
This app offers a competitive flat-fee brokerage for F&O, making it more aligned with discount brokers. Moreover, it provides advanced tools like SmartAPI for algorithmic trading and flexible margin trading facilities. Thus, Angel One becomes a comprehensive solution provider for the traders who value research and expert guidance.
5. 5paisa:
5paisa F&O trading app has a remarkably low brokerage structure and optional subscription plans. Despite the low fees, the platform never compromises on the vital features. Its features include real-time quotes, charting tools for F&O trading, and technical indicators.
Additionally, it provides research and advisory services for the traders. Hence, it has become a reliable choice for high-frequency traders who prioritize minimizing their transaction costs.
6. MO Investor:
Motilal Oswal’s MO Investor app is a powerful tool for traders, specifically those who rely on in-depth research and expert guidance. This f and o trading app provides a unique “Options Store”. Through this feature, the users can access and execute ready-made, multi-leg options strategies with a single click.
Moreover, this app becomes an excellent option for those who want to extend expert analysis and algorithmic support. Apart from these, the MO Investor app provides advanced charting with TradingView, real-time updates on profit and loss, and access to educational resources. These make this the best app for F&O trading and suitable for both beginners and experienced traders.
Which app is best for futures and options trading?
There is no single answer when choosing the right application. One can decide on the best option based on its features, functionalities, security, and user experience. Here is a comparison table of the six best apps for F&O trading.
| Feature | Groww | Zerodha Kite | Upstox Pro | Angel One | 5paisa | MO Investor |
|---|---|---|---|---|---|---|
| Brokerage (F&O) | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | ₹20 per order | Varies, can be ₹20 per lot or ₹100 per lot depending on the plan |
| App Interface | User-friendly interface with advanced charting tools | Requires a slight learning curve | Streamlined for easy use | Can feel overwhelming initially | Clear and simple interface | Packed with advanced features |
| Charting Tools | Advanced option chain with integrated option Greeks, payoff graphs, web-based terminal with TradingView integration | Advanced TradingView/ChartIQ with 100+ indicators | Advanced charts with multiple indicators | Swifter Charts with advanced indicators | Basic charts with fast updates | Advanced charts with TradingView integration |
| Unique Feature | Perfect for both beginner and advanced traders | Varsity for in-depth education | Affordable Options’ for budget trading | Expert research reports and advisory | Lowest brokerage plans | “Options Store” for ready-made strategies |
| Order Types | Market, Limit, SL, GTT orders | Advanced orders (BO, CO, GTT) | Various advanced order types (GTT) | Basket Orders and advanced orders | Basket orders, cover, and bracket orders | Single-click execution for strategies |
| Security | Strong security with SEBI and CDSL regulation | Highly secure with robust SEBI regulations | Advanced security features that protect user data | Well-established broker with a strong security record | Regulated by SEBI, backed by IIFL | Trusted, decades-old broker with a focus on security |
| Speed & Reliability | Lightning-fast order execution | Lightning-fast execution and a stable platform | High-speed and dependable for frequent trading | Generally reliable, but can vary during peak hours | Optimized for speed and fast order execution | A stable platform with reliable order execution |
Wrapping up
The landscape of F&O trading in India is dynamic and has potential. Traders need the best app for F&O trading that can help their trading journey by providing the necessary tools and in-depth insights.
The best trading app for F&O offers essential tools and deep insights. So, it’s recommended to explore the features of a couple of these top apps before committing. trading app for F&O offers essential tools and deep insights. So, it’s recommended to explore the features of a couple of these top apps before committing.
