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Best Paper Trading App in India for 2025

Updated: February 14, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Fact-checked by

Mirjan Hipolito

Cryptocurrency and stock expert

Go to broker

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1
Best Paper Apps in India - Revolut

Revolut is a British fintech company that has been providing investors with accounts for trading precious metals, cryptocurrencies, and stocks listed on U.S. exchanges since 2015. The broker offers its clients access to investing in stocks and ETFs on European stock exchanges. For organizations and private clients, the company offers a multi-currency account with the possibility of exchanging currencies at the current inter-bank exchange rate. Revolut is supervised by the Financial Services Authority (FSA).

👍 Advantages of trading with Revolut for traders in India:

•In addition to stock trades, customers can trade cryptocurrencies and precious metals.

•The broker offers commission-free trading plans.

•The minimum number of shares to buy is 0.00000001.

•There are no minimum deposit requirements.

•Social trading is available, which allows newcomers to the stock market to copy trades of successful traders.

•Communication with the support service via chat is available in the mobile application 24 hours a day.

•There is no fee for opening and maintaining a trading account.

👎 Disadvantages of Revolut for traders in India:

•Stock trading is currently only available to UK residents.

•Operations in precious metals and cryptocurrencies are not regulated by supervisory authorities.

•The company does not offer fiduciary management of its investment portfolio.

STUDY REVIEW

2
Best Paper Apps in India - Interactive Brokers

Interactive Brokers is among the best-known global online brokers. Based in the US, it has been operating since 1977. Interactive Brokers allows clients to trade products from 160 exchanges including stocks, option, currencies, bonds, funds and more from a single unified platform. The company is regulated by the US Securities and Exchange Commission (SEC), the US Financial Industry Regulatory Authority (FINRA), the UK Financial Regulatory Authority (FCA, 208159), and other international financial regulation commissions. Interactive Brokers has earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com,and many others. Also, the broker is popular in other countries. Here you can read reviews of Interactive Brokers in Canada, Singapore, Australia, Hong Kong, Ireland.

👍 Advantages of trading with Interactive Brokers for traders in India:

•extensive and free educational resources through the IBKR Campus;

•access to160markets in 36 countries and territories;

•trading in stocks, options, futures, currencies, bonds, funds and more from a single unified platform.

👎 Disadvantages of Interactive Brokers for traders in India:

•Support service does not work on Saturday;

STUDY REVIEW

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3
Best Paper Apps in India - Robinhood

Robinhood is an investment platform founded in April 2013. The platform offers commission-free trading of stocks, exchange-traded funds (ETFs), options, and cryptocurrencies. Robinhood is regulated by the Financial Industry Regulatory Authority (FINRA) in the U.S. and the Financial Conduct Authority (FCA) in the U.K. It is also a member of the Securities Investor Protection Corporation (SIPC) and the Federal Deposit Insurance Corporation (FDIC). With an intuitive interface, the platform simplifies access to financial markets, allowing clients to start investing with as little as $1. Robinhood has continuously expanded its offerings since its launch, recently adding features such as credit cards and a dedicated educational section for beginner investors.

👍 Advantages of trading with Robinhood for traders in India:

•No commission trading.

•Access to trading stocks, ETFs, options, futures, and cryptocurrencies.

•User-friendly platform.

•Fractional share trading.

•Educational resources for beginner investors.

•Availability of a mobile app.

•Provision of analytical data.

👎 Disadvantages of Robinhood for traders in India:

•Limited selection of cryptocurrencies.

•No access to international markets.

•Limited advanced technical analysis tools.

STUDY REVIEW

4
Best Paper Apps in India - Angel One

Angel One is an Indian broker that has been providing financial services since 1987. The company has its head office in Mumbai. The broker is regulated by the NSE (National Stock Exchange of India, 12798), MSEI (Capital Stock Exchange of India), BSE (Bombay Stock Exchange, INZ000161534), NCDEX (National Commodity and Derivatives Exchange, IN-DP-384-2018), and MCX (Multi-Commodity Exchange, 12685). Both Forex asset trading and investing are at your disposal at Angel One (Angel Broking), even with the aid of consultants and managers.

👍 Advantages of trading with Angel One for traders in India:

•Suitable for both novice traders and professionals.

•Offers a vast array of trading assets.

•Provides clients with a large number of training materials and instruments for technical and fundamental analysis.

•It makes it possible to trade from a personal computer, tablet, or smartphone.

•The support service works around the clock, 7 days a week.

•There is an opportunity to receive income for participating in an affiliate program or using investment programs.

👎 Disadvantages of Angel One for traders in India:

•To open a demo trading account, a trader must reach out to the broker directly, as there is no form for opening a virtual account on the website.

•Starting from the second year, a trader will be charged a fee for maintaining the account for using a trading account.

•There is no way to replenish or withdraw funds using electronic payment systems and wallets.

STUDY REVIEW

5
Best Paper Apps in India - SpeedTrader

SpeedTrader is a stock market broker that started operations in 1999 under the brand name Mint Global Markets, Inc. The broker is currently regulated by the Financial Industry Regulatory Authority (FINRA, CRD#: 107403/SEC#: 8-53035 ) and is a member of the Securities Investor Protection Corporation (SIPC). SpeedTrader provides online trading platforms with a collection of analytical instruments as well as trading software with direct access to renowned exchanges. The company is headquartered in New York, USA.

👍 Advantages of trading with SpeedTrader for traders in India:

•SIPC insurance coverage and FINRA membership.

•Availability of an affiliate program.

•Proprietary trading platforms.

•Daily update of the list of available assets.

•Online chat for urgent issues.

•Trade routing.

•Optimized web platform.

👎 Disadvantages of SpeedTrader for traders in India:

•The high minimum deposit for day trading (from $30,000) and a fee for using the trading platform.

•Inability to trade cryptocurrency and Forex instruments.

•Time-limited free demo account.

STUDY REVIEW

Best Paper Trading App in India 2025: Education for Investors

When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.

Revolut - Education for Investors

Investment Education Online

Information

Revolut doesn't offer training programs on the basics of stock trading. But the company's site has a blog section, which contains articles and videos with investment tips from Revolut experts and a description of the nuances of stock trading.

Information provided in the blog section

Information not available on the Revolut website

Financial forecasting

Description of technical indicators

Principles of using the equation of total profit

Stock market terminology

Investment strategy webinars

Economic calendar

Calculation of the main coefficients of profitability

Instructions for cooperation with a broker

The information presented in the Blog section can be useful not only for beginners but also for professional investors.

Interactive Brokers - Education for Investors

Investment Education Online

Information

IBKR believes that well-informed traders have the best chance for success. That’s why it remains dedicated to ramping up traders' knowledge of markets and IBKR tools to aid them on their investment journey.

The redesigned IBKR Campus continues to include courses, webinars, podcasts, and market commentaries to help investors learn about trading, financial markets, and Interactive Brokers' trading tools. There is improved site design and navigation to easily find all trading education features, better performance and overall site speed, live tickers and stock charting, and an updated Traders’ Glossary search. As part of Traders’ Insight, clients can watch or read market commentary and analysis from nearly 100 industry pros.

There is an IBKR Quant Blog for quantitative professionals with an interest in programming, deep learning, API, AI, blockchain and other transformative technologies. There is a podcast series featuring discussions on topics that impact global markets and trading, including Spanish-language content; additionally, there is a “Cents of Security” channel aimed at enabling financial literacy amongst the younger generation. For Traders’ Academy, there are now 110 total English and 15 international courses (representing 9 international languages). That includes 43 new or updated courses and 15 courses have been added from CME.

Information available in the "Education" section

Information not on the Interactive Brokers website

IBKR Desktop (13 lessons so far)

Forex Analysis

ForecastEx

World Map Screener

Introduction to Growth

Introduction to Dividends

Getting Started at IBKR

Discover Tool (6 lessons each describing a third-party software/tool)

Introduction to Growth Investing

Options Essentials

Retirement

Introduction to Momentum Investing

We highly recommend you use the IBKR trial version to test your knowledge in practice without financial risk.

Robinhood - Education for Investors

Investment Education Online

Information

Robinhood offers extensive educational resources for investors seeking to deepen their understanding of finance and investing. The materials are presented in an accessible format, making them valuable for both beginners and experienced investors.

What is on Robinhood’s website in the Learn section

What is not on Robinhood’s website

Basics of investing in stocks and other stock market assets

In-depth analysis of investment strategies

Strategies of options trading and risk management

Practical exercises and simulations

The article library on technical and fundamental analysis, dividend yield, robo-advisers, etc.

Personalized advice and tips for beginners

Information on tax obligations

Robinhood prioritizes financial education, offering tools to empower clients to make informed investment decisions and manage their finances effectively.

Angel One - Education for Investors

Investment Education Online

Information

Angel One provides its clients with a wide information base. On the broker's website, you can find training materials and articles on the nuances of working with different assets in the Knowledge Center section, as well as instruments for market analysis such as technical and fundamental research, market reviews, and much more in the Platforms - Tools & Research section.

Information available in the Education Section

Information not available at the Angel One site

Information about all trading accounts, their features

Literature list for traders and investors

A beginner's guide regarding intraday trading

Articles about IPO, investment features, the process of buying, and public offering IPO

Information about the specifics of trading commodities, stocks, futures, and options

Section "Income tax": savings scheme for the elderly, data on income tax, tax incentives

Budget of the Year: Preparing for Budget Day, budget data over the past 10 years, key announcements a trader should be aware of this year

Fundamental and technical research

Tutorial, technical and basic videos

Podcasts

Webinars

21 training modules for market participants with varying backgrounds in trading

Angel One does not allow customers to test the knowledge gained on a virtual account without financial risks. Trading is only available on a real account.

SpeedTrader - Education for Investors

Investment Education Online

Information

No training is offered on www.speedtrader.com. But the Resources section contains articles on fundamental analysis and how to use technical indicators in trading. It also features video tutorials and webinar recordings from successful traders and leading SpeedTrader analysts.

Information provided in the Resources section

Information not available on the SpeedTrader website

Trading tips

Financial market terminology

Description of trading strategies

Trading psychology

Fundamental and technical analysis

Working on a demo account makes it possible to test the trading terminal and create a profitable strategy without the risk of losing capital.

Summary

In this review, you had an opportunity to learn about the features of 5 brokers, which traders in India choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Paper Trading App in India 2025.

	Revolut	Interactive Brokers	Robinhood	Angel One	SpeedTrader
Overall score	9.5	9.1	8.2	7.65	7.05
Execution of orders	9.2	8.8	7.9	7.44	6.84
Investment instruments	9.8	9.4	8.5	7.86	7.26
Withdrawal speed	9.6	9.2	8.3	7.5	6.9
Customer Support work	9.4	9	8.1	7.8	7.2
Variety of instruments	9.1	8.7	7.8	7.28	6.68
Trading platform	9.9	9.5	8.6	8.02	7.42
	Study Review	Study Review	Study Review	Study Review	Study Review
		Open an account Your capital is at risk.

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FAQ

If a broker has several platforms, does it mean it offers several apps?

No. If a broker has several trading platforms, there is either an option to switch between them in the app, or only one trading platform is available (usually the proprietary one).

Do I need to pay for downloading the app?

Brokers do not charge a fee for downloading their mobile app. They are provided for free.

If I remove the app from my phone and then reinstall it, will I lose the information?

No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.

How are the apps protected against unauthorized access?

As a rule, in addition to the username and password, other security measures apply, for example two-factor authentication. In this case, you will need to enter a unique code to access your account.