With the new trading platforms coming to India, Indian traders and investor have a choice to choose the best trading platform which matches there needs. Before deciding on the trading platform, the trader should be very clear about there needs and if the system they are buying will fulfill there needs. Just to give you some example. for some technical traders charting is the most important feature in the platform while for some it may be market calls or bulk order facility.
One of the main trading platform available in India is the NEST(Next Generation Equity trading system) by Omnesys. This is the platform which is provided by most of the discount broker in India. The platform provide a solid support for day trading and can be customized as per the needs of the traders. It provide decent charting but not much support for technical analysis of the charts. Easy to use for beginners.
The other trading platform widely available in India is Amibroker. This is much more focused on doing technical analysis than trading. To use this you have to take data subscription and link it to Amibroker. There are many companies which provide this data for EOD but if you want it by minute or by sec you have to pay for it. The software by itself provide very lots of technical analysis tools and this can be integrated with your brokerage account so that you can trade directly using this. Intermediate ease of use.
Zerodha Pi : One of the largest discount broker have come up with a propitiatory trading platform Pi has a great charting capabilities. They even provide the service to write your own trading algorithm. The only catch is you can use the algorithm for generating alerts as SEBI doesn’t allow algo trading in India. They also provide integration with Ambibroker if you want to purchase data from them. Pi also provide back testing service so you can see whether your algorithm was profitable based on historical data. And the great thing is this software is free if you open account with them. They also provide a very competitive brokerage rate of Rs 20 per trade irrespective of the volume of the trade.
Zerodha Kites : Zerodha kites is the latest addition to Zerodha trading platform for using which you don’t have to install anything on you computer. It can be directly run from my of the modern browser and provide advanced charting facilities. It is very light weight and so it can also be used on mobile phone browser with any lag or delay.
Angel Broking Speed Pro – Desktop Based Software
Angel broking provide Speed pro – A advanced trading platform for traders who want to trade using technical analysis. It provides 30 days intraday and 20 years historical data with 70 + studies for advance technical analysis and reference while making a trade decision.
Apart from the historical charts it provide
- Live streaming rates allow instant trade execution.
- – View Scrip-wise buy price, days gain / loss and overall profit / loss to view your holding
To get a demo or open a account, please provide your details by clicking on the button below.
India Infoline Trader Terminal(TT) is a trading platform specifically developed for Indian Traders. It provides the following features :-
- Real time accurate market watch rate updates
- Designed for better performance
- Global Buy / Sell window
- Fast & confirmed order execution
- Easy to use interface
- Secured authentication
- Single sign on
There is a good data integration which is provided by India Infoline and is easy to trade using this platform. The provide decent charting facility but much less than what is provided by Amibroker. Easy to use for beginner.
Metastock is another global trading platform which is now available in India through Viratech Software. This is a global leader in trading platform and provide very good technical and charting functionality. While using this you also have to purchase a Thomson Reuters DataLink subscription. This is one of the more costly trading platform and is more inclined towards professional trader who understand the intricacies of technical analysis. More apt for professionals.
With the increase in smartphone usage, more and more people have stared trading using mobile app. Find more details about the best mobile trading app here.