With our reliance on the Internet for almost everything we do in our day to day lives today, it has become highly impossible to overlook the power of technology.
When it comes to businesses, they have been utilizing technology to deliver unmatched services and taping end number of possibilities to serve their clients better.
A sea of stock brokers in India as well as in other nations have also been trying their best to outperform by providing technology-driven financial services to their valued clients.
Realizing the fact that serious traders demand seamless and smart workstations, several brokers in India now offer financial services through impressive technology-backed platforms.
Types Of Trading Softwares Used By Brokerage Houses:
The most common types of trading softwares used by traders are ODIN and Now/NestTrader.
A standard application, ODIN came into the picture much before Now/NestTrader, and was used by most of the brokerage houses during its early stages.
Whereas, Now/NestTrader is a proprietary application or in-house desktop trading platform, said to be eating into ODIN’s market share now as most of the discount brokers and full-service brokers now support the former or Nest ODIN.
Why Trading On Proprietary Platform Is Better
Working with a broker who has it’s own proprietary desktop application is a better option given the fact that the broker would be able to make changes/modify/customize the app as and when required or (as per clients specification). That apart, proprietary apps allow additional plug-ins and additional features. Whereas, standard applications come with built-in standard features which do not support any modification.
Many of the well established as well as startup stock brokers in India provide excellent trading platforms. But based on purely unbiased analysis, some of the best among others are Trader Terminal (TT) by IIFL, Angel Eye by Angel Broking, Zerodha’s Pi and 5paisa’s Trade Station.
1. Sharekhan’s Trade Tiger
Trade Tiger is a blazing fast trading platform for Indian markets which gives you the power of a broker’s terminal on your desktop.
– Dynamic One Click Filter
– Live Streaming Quotes
– Access All Trading Calls
– Advanced Charting Features
– Predefined Order Quantity
– Customised Technical Rules
– Trade In BSE & NSE
– Pattern Finder
– Square Off At Market For Bracket
2. IIFL TT –
IIFL Trader Terminal is a comprehensive trading tool, with superior charting and
analytical capabilities. The latest version of the Trader Terminal has a lightning fast
execution speed, world class user interface and a single?click access to our world?class
research. The new terminal offers the facility to trade in cash, derivatives, mutual funds,
IPOs, currencies and commodities, all in one screen.
Key Features –
– Real Time Accurate Market Watch Rate Updates
– Trade In Almost All Asset Classes In A Single Screen On Exchanges
– Streaming Quotes, Instant Order Confirmation, Multiple Market Watches
– Single Click Access To Depository, Ledger, MTM, Profit/Loss Statement
– Customisable View, Live Chat, Live Research & News Update
– Accessible From Desktop As Well As Mobile Phones
3. Angel Broking’s Angel Speed Pro –
Angel Speed Pro is a powerful online trading software for desktop with live streaming prices and trade execution.
Key Features –
– Fast Execution Of Orders With Real Time Monitoring
– Fund Transfer (39 banks)
– Enriched Features – News Flash, Import/Download Market Data To Excel
– Streaming Quotes
– Multiple Exchanges
– Daily Reports & Research Reports
4. Zerodha Pi –
Pi is Zerodha’s technology arsenal for next generation trading. This latest powerful trading tool by Zerodha comes with unique and innovative features like advance charting, backtesting and many more other features for trading in Indian Stock Market.
Key Features –
– Advanced Charting
– Algos, Strategies & Back-Testing
– Pattern Recognition
– Historical Data
– Expert Advisors
5. 5paisa’s Trade Station –
Giving highest priority to timing and technology, 5paisa has come up with a powerful trading platform that provides fast broadcast, tick by tick advanced charting tools and host of other features for the best trading experience.
Key Features –
– Fast Broadcast Of Live Market
– Tick By Tick Advanced Charting Tools
– Multi Asset Watchlist
– Advanced Charting & Analysis (Intraday & Historical)
– Easy Access To Account Details & Investments
– After Market Order Book
– Easy Funds Transfer
Apart from the above given names, there are many others in the market as well who are putting their best to introduce new features to woo and retain their clients. Some of the platforms provided by brokers are free of cost and some others can be availed by paying monthly fees.
As the competition among the players is always bound to grow in the future, we would be updating this list of ‘Best Desktop Trading Platforms’ with time. We would like you to keep visiting this page for more updates.