Are you a novice who wants to venture into options trading but finds it difficult? The best apps for option trading covered in this article can help you with it. Nowadays, options trading is the stock market’s new buzz.
Do you know why?
It is because options trading is the trading segment that lets you earn profits if you use the right option strategies.
We understand it isn’t easy to hop between various platforms, build impactful strategies, and execute them proficiently.
Therefore, we have curated a list of the best stock trading apps that have everything an options trader needs.
Therefore, check out these option trading apps that perfectly suit your financial goals.
Also read: A Beginners Guide To Crypto Trading
1. Zerodha KITE
Featuring first on the list is Zerodha KITE. It has over one crore active clients who contribute approximately 15% of Indian trading volumes. This platform is highly recommended for novice and experienced traders and investors because of its robust technology. The platform contains various cutting-edge trade analysis tools and a user-friendly interface. The main speciality of this app is that it offers all types of trading options. Zerodha does not have its own option chain. However, it is integrated with the third-party app, which offers excellent trading experience to its users.
Key Features
- You can buy and sell stocks fast as the platform offers high-streaming stock market data and cutting-edge charts.
- On this platform, both local and international stocks are listed.
- Easy to use interface.
- All-in-one trading solution
- The sticky order window feature makes placing more than one order with the same input easy.
- Offers in-depth analytics on daily trades and overall portfolio
Pros & Cons
| Pros | Cons |
| Android and iOS are both apps available. | Do not offer any research report or stock tips for free. |
| User-friendly interface for beginners. | If you want to get trade SMS alerts, you must pay extra. |
| You can do trading even with a weak internet connection. | Account opening and maintenance charges are extra. |
| Various languages are supported. | There is no option for Mutual Funds. |
Click here to download the app – Android, iOS
2. 5Paisa
Coming up next on the list is 5Paisa. This app lets you do options trading by carefully analysing the option chain. To do so, you must first log into the 5Paisa app and search for the scrip.
The best thing about 5Paisa is that it has an in-built option chain. It provides the necessary information to analyse the option chain properly. 5Paisa has earned a good name in the industry due to its transparent and fair pricing model. The app offers convenient trading via its app or browser version.
Key Features
- In-built option chain
- User-friendly interface
- Cutting-edge charting tools and analytics
- Real-time access to market data, stock quotes, and price updates
- Let you invest in the U.S. Stocks
- The account opening procedure is quick and easy.
- You can access mutual funds and insurance.
Pros & Cons
| Pros | Cons |
| Easy-to-use interface | Limited offline presence |
| Various investment options | There is a chance of improving customer service. |
| Live market data and research reports | For F&O trading and intraday trading, charges are applied. |
| Low-cost trading with zero brokerage on equity delivery | |
| Single-click order placement | |
| Multilingual support |
You can download its Android and iOS app by clicking here.
Also read: Top 5 Stock Trading Apps In India!
3. Angel One
It is one of the most popular options trading platforms among traders. The company is known for its low-cost brokerage. For the first year, they don’t charge any account maintenance fees. Through this platform, you can invest in Mutual Funds, IPOs, Commodities, US Stocks, etc.
The app has a simple and user-friendly interface, which makes it perfect for beginners. It comes with cutting-edge trade analysis tools that help people identify their mistakes and become better traders.
Key Features
- The app has its own option chain. You can see the last traded price, strike price, and OI here.
- In this app, you can easily learn options via segment options.
- Angel One is integrated with Sensibull, allowing you to explore cutting-edge strategies and settings.
- Easy-to-use interface
- Offline support through physical branches
Pros & Cons
| Pros | Cons |
| The app offers dedicated relationship managers. | Not suitable for budget-conscious investors. |
| Using this app, you can access IPOs and mutual funds. | The fee structure is complex. |
| They have a strong presence with various physical branches. | Brokerage charges are high. |
Click here to download the Android and iOS apps.
4. Sensibull
The next on the list is Sensibull. It is one of the best options trading apps. You can use this app either on your mobile or desktop. However, the open-chain analysis is perfect with the bigger screen.
The app offers various features. Let us talk about it one by one.
Key Features
- The best and most detailed option chain.
- You can trade while analysing option Greeks and tailoring them to your requirements.
- Need tips and advice from experts? You get it on your WhatsApp, which makes it super easy for traders to do option trading.
- The app offers an option strategy builder. Using it, you can build your own strategy.
- Sensibull has partnered with various stockbrokers, so you can log in with your favourite stockbroker.
Pros & Cons
| Pros | Cons |
| Easy-to-use interface | The price is quite high. |
| You can execute a simple strategy with a single click. | You need to understand option strategies well if you want to use them optimally. |
| The app is packed with useful features, such as Futures Conversion, Options Analyzer, and Event Calendar. | This platform’s service response time is slower, which could be quite frustrating. |
| The app is the perfect combination of the best strategy engine and trading platform. |
You need to click here to download this app – Android, iOS.
Also read: How To Invest In IPO Using Your Smartphone In 2024?
5. MO Trader
Last but not least on the list is MO Trader. Motilal Oswal has two apps – MO Investor and MO Trader. These apps allow you to trade easily on mobile phones. Motilal Oswal is a well-known name in the finance industry that offers wealth management and trading services.
They even provide investment suggestions and research-backed calls. So, if you are a beginner, you can easily learn about trading and the stock market.
Here are a few key features of this app.
Key Features
- The app comes with a user-friendly interface that lets you execute orders in a single click.
- MO Trader is integrated with Sensibull. So, you can use the advanced tools for the option chain.
- The app also has its own strategy builder, which allows you to build your own strategies. Using this app, you can easily set your entry and exit price.
Pros & Cons
| Pros | Cons |
| The app offers real-time updates to simplify performance tracking. | Higher brokerage charges compared to other apps. |
| You can get the latest market news. | |
| The app lets you do power trading by creating multiple positions across various segments. | |
| MO Trader provides you with advanced search and selection features. |
Click here to download this app – Android, iOS.
Also read: How to Buy International Stocks in India – Best Apps and Tips
Over To You
In summary, if you want to start trading to generate a good amount of side income, you can do it using one of these best apps for options trading in India. Remember that each financial instrument has its own risks and opportunities, and stock trading is no exception. Therefore, it is prudent to do your own homework and invest accordingly.
Select the stock trading app that best suits your needs and investment goals. Choose the right one and make an informed decision.
Also read: 8 Best App To Invest In Mutual Funds In India 2024
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