Finding the Best Stock Trading Platforms for Beginners in 2023
Summary: What are some trading platforms perfect for someone who’s just started? We have listed down our top four recommendations.
What is a trading platform? The answer is simple. It’s software that allows investors and traders to place deals and manage accounts through financial intermediaries.
Other services like real-time quotations, news feeds, charting tools, and even premium analysis are also usually included with trading platforms.
3 things you need to know about a good trading platform
● First and foremost, the system should be simple to use and user-friendly.
● Secondly, the platform should provide instructional resources to help prospective investors get off to a good start.
● Finally, the system must provide access to high-quality stock market research.
Best Stock Trading Platforms & Brokers
Here are two online brokerage platforms, followed by two platforms requiring Demat accounts associated with banks:
Zerodha Kite
It is a premier trading platform that ranks among the best in India. Backed by an excellent team of developers, the platform is intuitive and is tweaked to meet the needs of all types of investors.
The platform comes with order alerts, live ticks, and quotes and integrates seamlessly with the Quant tool for fundamental behavior analytics.
To make your trading quick and simple, the platform offers a range of features like charting tools, data widgets, and connectivity with third-party apps.
Angel Broking
Angel Broking is India’s greatest stock market app. It was founded in 1987 and currently has over 1.4 million active subscribers.
You may either obtain a ready-made curated portfolio or have it handled by professionals.
The platform analyzes the market with the aid of expert research and keeps your portfolio in order.
You can build a varied and low-cost portfolio or select from pre-made portfolios.
The best thing about Angel Broking is that it charges no brokerage fees. And guess what, it also allows you to invest in small fractions!
ICICI
We all know that ICICI Bank is India’s largest private bank. But most of us are unaware that ICICI has also been offering trading and Demat account services for over 20 years.
Crazy, right? ICICIDirect is the Bank’s online trading website and mobile app.
If you have an ICICI bank account, it is highly advised that you convert your savings account into an ICICI Bank 3-in-1 investment portfolio.
Let’s be honest: ICICI’s Demat brokerage prices are greater than online bargain stockbrokers such as Zerodha or Sharekhan.
But free stock brokers do not provide trading advice, local assistance, or a relationship manager account.
Rupeezy
If you are interested in learning about day trading, you should visit Rupeezy. Rupeezy has the best leverage across all categories.
It has MTF at just 3.99 percent, a sophisticated list of options, a thorough reporting platform, and a simple and easy-to-use mobile app.
It is a 20-year-old platform with best-in-class processes in place that safeguard its investors.
When crude oil prices fell and many investors lost money in crores, none of the Rupeezy investors were affected.
It was an effect of the expertise of the market researchers at Rupeezy.
Conclusion
To start trading as a beginner, you must hold a brokerage account, an investment or trading strategy, and a fixed time frame, which can be long-term or active trading.
Stock trading for beginners like you can be safe online only when you invest as much as you can afford to lose.
It is always risky to invest in stocks. We advise you to start with a small amount until you learn and gain expertise in investing and trading.