Angel One simplifies option selection and strategy analysis for traders. Its intuitive interface showcases a well-organised option chain and key data like strike price, price change, volatility (IV), and Greeks (Delta, Theta) in one view. Its customer-centric approach and in-depth market insights make it a top choice for options trading.
Key features
Pros
-
User-friendly BSE trading app with advanced features
-
Multiple investment options, including stocks, mutual funds, ETFs, and IPOs through a single platform
-
Investment advisory services and market research tools provided.
-
Competitive price
Cons
Insights from Our Product Testing Specialist
If you want a balance between ease of use and some advanced features, Angle One is a good choice for you. The advanced charting tools, margin trading, multiple order types, and fast order execution make it one of the best stock trading apps that goes beyond basic option buying and selling.
Best for
-
Traders who want to leverage AI-based recommendations for smarter trading decisions.
-
Individuals seeking a well-established mobile trading app with a wide range of traditional and digital trading tools.
User testimonial that was on point
“I love this app!! It has smooth onboarding, an easy-to-use interface, and an overall good appearance. But Sometimes, it has been frustrating to use this app. Though templates are great, editing them is frustrating. It doesn’t save your drafts. One back click, and all is gone.”
What Is Options Trading?
Options trading gives the buyer the right, but not the obligation, to buy (call option) or sell (put option) an asset at a set price within a certain period. It allows traders to profit from price changes without paying the full amount, only a premium. Another advantage of options trading is that traders aren’t obligated to execute an option contract; they can let it expire if the position is unfavourable.
Things To Know Before Getting Into Options Trading
-
Learn about the call and put options.
-
Be aware of trading costs.
-
Develop strategies to mitigate risks.
-
Stay informed about market trends and movements.
-
Know the implications of trading with leverage.
-
Choose the best mobile trading apps or platforms with the necessary tools and features.
-
Utilise available tutorials and courses.
-
Consider using a demo account before real trading.
What Features Should I Look For In An Option Trading App In India?
-
User-Friendly Interface: Easy navigation and a clean design.
-
Advanced Charting Tools: Multiple charts, indicators, and drawing tools.
-
Real-Time Data: Access to live market data and real-time price updates.
-
Option Chain Analysis: Comprehensive view of call and put options.
-
Strategy Builders: Tools to create and backtest trading strategies.
-
Mobile App: Reliable and fully functional mobile trading platform.
-
Low Brokerage Fees: Competitive flat fee per executed order.
-
Educational Resources: Tutorials, webinars, and articles for learning.
-
Customer Support: Responsive and helpful support team.
-
Security Features: Advanced encryption and two-factor authentication for secure transactions.
Process To Open An Account With An Options Trading App In India
-
Choose an App: Select a reputed options trading app based on features, fees, and user reviews.
-
Visit Website or Download App: Go to the broker’s website or download the app from the App Store or Google Play Store.
-
Sign Up: Click the sign-up or register option to start the account opening process.
-
Provide Personal Details: Fill in personal information such as name, address, date of birth, and contact details.
-
Upload Documents: Submit required documents for KYC verification.
-
Identity Proof: Aadhaar card, PAN card, passport, or voter ID.
-
Address Proof: Aadhaar card, utility bill, bank statement, or passport.
-
Income Proof: Bank statement, salary slip, or ITR.
-
PAN Card: Copy of PAN card.
-
-
E-Signature: Complete the e-signature process using an Aadhaar linked with a mobile number.
-
Account Verification: Wait for the broker to verify your details and documents.
-
Fund Your Account: Once approved, deposit funds into your trading account.
-
Start Trading: Begin trading options using the app’s features and tools.
Conclusion
When choosing an options trading platform, it’s important to look for one that offers multiple trading strategies, a customised strategy builder, and a real-time options chain. An efficient mobile app is also crucial for trading on the go. We hope you find our recommended option trading apps helpful. Before deciding, thoroughly evaluate their features and compare factors such as brokerage fees, account opening charges, annual maintenance fees, and other potential hidden charges across different brokers.
FAQs:
1. Does the options trader app offer readymade option strategies?
Many options trading apps provide pre-built option strategies like covered calls, straddles, strangles, and spreads. These pre-built strategies can help traders, especially beginners, make informed decisions.
2. How to trade effectively using a mobile trading app?
-
Choose the right app with good reviews and the necessary features.
-
Keep track of market news and updates in real-time.
-
Set price alerts and notifications for key trading signals.
-
Use the app’s advanced charting tools and technical indicators.
-
Define your risk tolerance and use stop-loss orders.
-
Continuously educate yourself.
-
Regularly review your trades and adjust your strategies as needed.
3. What are the advantages of utilising trading apps?
You’ll get the convenience of trading from anywhere at any time. You’ll get access to live market data and updates, advanced charting, analysis tools, trading strategies, and education resources. Many apps offer portfolio management features, so you don’t need to monitor every parameter constantly.
The most important thing is speedy order execution, which is crucial for ensuring quick order execution, taking advantage of fast-moving market opportunities, and reducing the risk of slippage.
4. Can I trade options in India using international trading apps?
Generally, trading options in India using international trading apps are restricted due to regulatory requirements. Indian traders should use brokers registered with the Securities and Exchange Board of India (SEBI) to trade options on Indian exchanges like NSE and BSE. Look for the most popular and reliable BSE or NSE trading apps in India.
To contact the Express Deals team, please drop an email to – expressdeal@newindianexpress.com
We will reach out to you in the next 48 business hours.
Disclaimer: At Express Deals, we work with subject matter experts to bring you the latest in product innovations and Indian eCommerce trends. Express Deals participates in various affiliate programs, which means we may earn revenue on purchases made through the links to retailer sites. Please note that prices mentioned on the pages can vary based on retailer promotions on any given day. Also, do note that we will not be liable for any claim under applicable laws, including but not limited to the Consumer Protection Act, 2019, with respect to the featured products since they aren’t directly sold by us.
