Future and option trading has become a popular mode of trading of late and thanks to the various advancements in technology, traders can now take part in it from anywhere. Options are investment tools that help traders buy or sell their underlying securities at a future date at a predetermined price, without the obligation to do so. As a result, traders investing in options stay safe from any untoward market movements. Here, we will have a look at some of the best apps that traders can use when they are looking to trade in options.
Bajaj Broking
- The app has over 6 lakh users
- Can open a free Demat account through a Bajaj Broking with paperless KYC process
- Access to regular market movements, tools and insights
- Customized notifications and app alerts
- User-friendly platform
- Users can place orders with a single swipe
Zerodha
- Can open a free Demat and trading account easily
- Tools to help with options trading analysis, investment research and charting.
- Zero brokerage investments
Angel Broking
- Traders can invest in US stocks
- Direct from charts trading
- Can add Stop Loss, Cover Order etc on trade orders
- Funds can be added through UPI/Netbanking/Gpay
Groww
- No AMC and no hidden charges
- Easy management and tracking of investment portfolio
- Live trading on both NSE and BSE
- Live news access concerning various indices
- Access to tools like advanced charts, TraderView etc
UpStox
- Option chain analysis tools with customizable data points
- Access to Commodity and Forex trading under futures and options
- Advanced trading tools and charts via TraderView, ChartIQ etc
- Margin pledge for up to 90% collateral under future and option trading available
IndMoney
- Access to 5000+ large, medium and small-cap stocks and ETFs
- Invest in US stocks directly from India
- Account of all family members can be managed from a single app
- Access to calculators to make informed investment decisions based on financial goals
- Curated and personalized information about company and market news.
Dhan
- Provides a custom option strategy builder
- TraderView provides access to advanced chart features
- 24×7 support
- ScanX Stock Screener provides insights into stocks and the market
- User-friendly platform
HDFC Sky
- Data-driven app
- Traders can use one Demat account app to open both Demat and trading account
- Stock market recommendations customised according to the trader’s financial goals
- Access to live price movements
- Access to comprehensive charts to track prices of F&O stocks
- Option chain data provision
Kotak Neo
- Easy-to-use charts help make informed decisions in future and option trading
- A single basket order helps buy/sell multiple options contract
- Easy way of building and testing an options trading strategy via Payoff Analyzer
- Single-click options trading provision
- Intraday options trading to protect profits and manage risks
5Paise
- Automated trades supported by customized strategies with intelligent algorithms
- Access to detailed analysis, risk management and real-time data to better the trading position
- Easy access to trading in commodities and currency
- Live market data access and recommendations from trading experts
Conclusion
Options trading is a provision through which traders gain the right to buy or sell assets at a later date at a predetermined price, without the obligation to do so. Several apps in the market can help traders on this journey and the ones listed above happen to be some of the best available. Depending on their financial goals, who their stockbroker is and the user interface of an app, traders can pick one that can best help them. These apps let traders invest and trade from anywhere and monitor how their investments are faring.