In recent years, India’s F&O market has experienced rapid growth, positioning it as a global powerhouse. A SEBI study shows that out of the total individual F&O traders in FY25, more than 91% suffered net loss, with retail investors aggregating to a total loss amounting to nearly ₹1.06 lakh crore.
Notwithstanding, the stock exchange NSE 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 6 best F and O trading apps in India –
1. Groww:
Due to its simplicity and transparent user experience, Groww is considered the best F&O trading app in India. Having an intuitive user interface, it becomes an excellent choice for beginners who are transitioning towards derivatives trading. That’s why it has become the best stock trading platform for beginners.
Offering credible, flat-fee brokerage for Future and options, it helps users easily manage the costs. Again, it delivers real-time data, supports a seamless account opening process, and has robust charting tools. Moreover, the Groww integrated platform enables you to manage mutual funds, stocks, and F&O from a single location.
2. Zerodha Kite:
Kite from Zerodha becomes a benchmark for serious traders. Due to its powerful features and advanced analytics, it’s often referred to as the best F&O trading app. It 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 that enable it to achieve the title of best F&O trading app.
4. Angel One:
Angel One is the best trading app for F&O, combining 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, this best app for F&O trading 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:
Incorporating a remarkably low brokerage structure and optional subscription plans, 5paisa is regarded as the best trading app for F&O. 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, this is the best app for F&O trading as it becomes 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 best 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 |
| Beginner-Friendliness | Simple User interface | Requires a slight learning curve | Streamlined for easy use | Can feel overwhelming initially | Clear and simple interface | Packed with advanced features |
| Charting Tools | Standard charts with essential indicators | 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 | Integrated platform for all investments | 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 | Basic market, limit, stop-loss | 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 | Generally fast and reliable with minimal lag | 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.
