Trading is all about making profits through buying and selling goods by stocks, bonds, currencies, commodities and other financial instruments. Many traders follow the law of supply & demand while conducting trades. For individuals or business proprietors that involve in trading, it is important to know and consider the basic rules and guidelines of trading before starting any kind of businesses like: software for trading business, free software for trading business, best accounting software for trading business, trading software for small business etc.
Here are the best trading softwares out there!
Best for Retirement Savers: E*TRADE
E*TRADE isn’t just a stock trading platform. It ranks among some of Benzinga’s favorite stock trading brokerages for a number of reasons, namely its access to real-time data, research and analysis in its brokerage platform.
After all, nothing is more powerful than historical and real-time data that empowers you to act on the best stock trades possible. E*TRADE also offers an array of educational resources: webinars, blog posts and news.
The brokerage isn’t the cheapest, but its commissions aren’t the steepest, either. Stocks trade start at .95 with volume discount available, options start at Stocks trade start at .95 with volume discount available, options start at Stocks trade start at $6.95 with volume discount available, options start at $0.50 per contract, and the brokerage even offers hundreds of commission-free ETFs.50 per contract, and the brokerage even offers hundreds of commission-free ETFs.50 per contract, and the brokerage even offers hundreds of commission-free ETFs.
Read Benzinga’s full E*TRADE Review
Best For
Options Trading
Best For
- Novice investors
- Retirement savers
- Day traders
Masterswift 2.0
USP: Built-in stock analysis tools for tracking derivatives and equities
Make critical trading decisions using Masterswift stock trading software‘s built-in charting tools and technical indicators. Trusted by professionals such as investors, traders and bankers, the software gives access to data of different types such as historical, fundamental and market.
The buy sell signal software for efficient trade execution supports interactive dividends, earnings and splits along with detailed charts highlighting the key financial data. You are further free to use options such as financial data charts and dividend adjustment charts for better analysis of pricing patterns and stock prices.
Key Features of Masterswift Stock Trading Software in India:
- Back Testing
Back testing is used for testing trading strategies against the available historical data for effective risk management.
- Pattern Recognition
This feature analyzes data patterns within trade charts to understand the prevailing market trends.
- Integration Support
Masterswift integrates with third party platforms such as Excel, .Net, Python and Java for semi-automated online trade strategies.
- Trade Signals
End users can expect support from expert advisors for some real-time trading signals.
- Advanced Charting
Several different types of charts and built-in indicators for trading directly using single click option.
- Scanners
Scanners for doing online stock trades for the best trading ideas.
- Historical Data
Historical data of the past years to make wise stock selling and buying decisions.
RichLive Trade
USP: Best stock research tool for Indian market to do commodity, currency and stock markets
RichLive Trade software is best used for performing technical analysis and charting of stock markets. The buy sell signal software designed specifically for Indian market can thus be used by traders for analyzing stock, currency and commodity markets. In case you are looking for a package that provides for profitable trading then opt for RichLive Trade advanced technical signal software.
Use the software’s inbuilt technical indicators for analyzing the stock market and changing your profit ratio. There is something more that you can expect with the best charting software India.
The team of RichLive provides support through its team of experienced trainers to help traders and investors understand as well as analyze the stock market. This is one of the best technical analysis software for Indian stock market.
Key Features of RichLiveTrade Software:
- High Accuracy
The buy sell signal software provides future predictions based on past performances of a stock for more accuracy.
- Advanced Level filters
Advanced filtering system to help traders pick more than ninety-five percent accurate buy sell signals with hundred percent protected capital.
- Works for All Global markets
RichLive technical Analysis software built by professional traders with years of experience in trading. Therefore you will find support for FOREX, All Global Indices, MCX(India), NSE (India) and COMEX (USA) markets.
- Advance Software Personal Training
Having more than fifteen years of experience in Indian market, forex market and global market, the team of experts and professionals trains its customers to help them build up their money.
- Jackpot Call Facility
Call facility is designed to ensure that customers trade fearlessly by giving them accurate jackpot trades on the basis of fundamental, technical and numerological strategies.
- Free Future Updates
Upgrading is a necessity these days for as demand and market behaviour is constantly changing. Update are regular and free to give all its end users a robust software functionality.
- 24/7 Dedicated Expert Support for Lifetime
Support is our first priority and we ensure that anytime a customer requires help, it is available to them 24/7 forever.
- Money Making Trading Course
Money why a person decides to get into trading. However many fail because if lack of knowledge on money management. Our money making trading course trains everyone with risk management and money making strategies.
- Cross platform support
Our software can be accessed on all platforms like Android Mobile, Tab, iOS, and Windows desktop for ease in the trading.
- Scaling strategy
Scaling strategy designed for those who do not wish to invest much time in trading.
- Secret strategy scanner
This scanner helps trader find out the best trade available in first fifteen minutes itself after the market starts. Trader can get in and exit the trade within half and hour earning good profits.
Check RichLive Trade Software Reviews
MetaTrader 4 Software
USP: Best stock analysis tool for Forex Trading & Technical Analysis
MetaTrader4 is one of the best Forex trading software used by traders for analysis of financial markets. The ample number of features incorporated within this auto trading software India helps traders belonging to varied skills levels.
The automated trading software in India is best for undertaking technical analysis, algorithmic and flexible trading. Aside from these, Mobile trading and trading signals are other technical analysis tools for Indian stocks used by traders for analyzing both financial markets and Forex trades.
You can also undertake technical analysis of currency pairs in Forex market. The best charting software India allows trading of all currency pairs such as Major, Minor Exotic, Metals, Index, Stock and Commodity.
Key features of MetaTrader4:
- Full featured trading system
The fully featured trading free trading software India has two execution modes and four order types.
- Meta Trader market
This feature enables a user to buy indicators and trading robots.
- Algorithmic trading
You can develop, test and apply expert advisory and technical indicators.
- Analytical tools
Around thirty built-in indicators with two thousand free custom indicators and around seven hundred paid ones allow a trader to analyse markets at differing levels of complexity.
- Trading signals
Trading signals allow one to copy deals of other traders.
- Automatic alerts
As a trader, you can now keep yourself updated about the latest developments with the help of MT4 software’s SMS and push notification services.
- Mobile Trading
The mobile version of MetaTrader4 is available for both Android & iPhone to help traders stay updated with the latest financial market trends.
MetaTrader4 Technical Analysis Software Price India: The demo version is available for free free trading software India download whereas the Pro and Standard versions are payable in nature.
MotiveWave
USP: The latest version 6.1.11 is data feed & broker neutral
MotiveWave trading platform makes market research process quite easy for traders. Also available in this professional trading software are tools for taking up such analysis as Fibonacci, Gann, Gartley, Elliott Wave and Ratio.
You can also use other available core support features like strategy trading, scanners, replay mode, optimization, back testing, reporting, replay-mode, trade simulation and walk-forward testing.
Key features of MotiveWave:
- Strategy trading
MotiveWave software supports two hundred and fifty inbuilt strategies, studies, optimizations, replay modes, walk-forward testing, Java SDK and back testing.
- Native Multiple Monitor Support
Use the ‘Tile Windows’ feature to display several graphs/charts on multiple screens simultaneously.
- Chart-Based Order Entry
As a trader, you can place, change, cancel orders and visualize positions directly from a chart.
MotiveWave Free Technical Analysis Software India Price: The software is priced at ₹ 7028 per month.
ECG Trade
USP: One of the best stock trading software with an easy chart guide.
Trade is one of the best technical charting platforms, which helps visualize historical data through charts. You can visualize striking trends and patterns to lower your trading risks. You can sue the different types of charts for identifying price patterns as well as tracking price trends.
This technical analysis software for stock market provides indicator signals, which even the beginners can understand well and know when to buy and when to sell.
Key Features:
- Provides real-time data about the stock exchange
- Helps manage equity for both cash and shares market
- Also helps with stock future options along with Nifty call & put
- Data update frequency is one-second and starts reflecting in the one-minute format
- Provides currency and commodity backfill
- Tick by tick procedure to provide faster real-time date.
ECG Trade Pricing: ECG Trade software for intraday trading comes at ₹ 12000 for one user. Other ECG Trade pricing plans available with Techjockey are:
- Equity – ₹ 1200 per month
- Currency – ₹ 1200 per month
- NSE F&O – ₹ 1200 per month
Check ECG Trade Reviews
Investar
USP: Diverse stock analysis tool for day trading and swing trading NSE stocks
Investar stock market software India is for managing portfolios and analysis Indian stock markets (NSE, BSE, NSE F&O, MCX and NCDEX). The software also provides auto-divergence and mutual funds scans. You can also make use of this stock trading software’s multi-time frame query options.
Additionally, you can trade with leading online brokers through Investar. Easily import transactions from broker Trade Book or Contract Note. View easily your exact portfolio position on any date in the past.
Key features of Investar:
- Auto-Support/Resistance
This feature scans stocks with high risk/reward ratio, resistance breakouts and supply/demand zone breakouts. The software also identifies targets on any stock.
- Auto-Trendlines for trend analysis
Through this feature, you can identify trend reversals with trendline breakouts. Trendlines get automatically plotted on the chart for identifying trends.
- Fundamental and Technical analysis
Make use of fundamental and technical analysis for perfecting your buying/selling time.
- Technical indicators
Investar provides technical indicators for analysing futures, stocks and options.
Pricing: Yearly subscription for Investar can be bought for ₹10,950. There are around seven versions of the software available based on individual requirements and devices used (mobile, tablet, etc.).
eSignal
USP: Reliable technical research tools and charting software for day trading
With eSignal charting and technical analysis tools, you can execute trade processes efficiently. Built-in are also scanning and back testing instruments for assessing the effectiveness of trading strategies. The authorized representative of e-Signal software is VIRATECH software.
Real-time data service of the software provides access to data from different global markets to set strategy and implement best trade practices. With the help of this intraday trading software, you can gather intraday market data for trading decisions. You can use customizable and flexible charting tools for gathering the data with this intraday trading software.
Key features of eSignal:
- Trade Alerts
With the help of available filters and alerts, the software makes it possible to display trading alerts by market experts.
- Customizable Workspace
Use shortcut keys; attach/detach pages to create customisable workspace.
- Trade Integration
Trading/Order Management System connects directly with over fifty plus brokers.
- Free Education
Make use of advanced technical analysis course for learning about markets. This is especially designed for investors planning to improve their trading techniques.
- Market Screener Plus
You can find out about new trading opportunities without going through the hassle of searching from over thousands of individual stocks.
eSignal Technical Analysis Software Cost: The software is available at a price of ₹25,707 per month.
Best for Day Traders: TD Ameritrade
TD Ameritrade is beloved by beginner and seasoned traders alike for one reason: It has absolutely everything you need to trade stocks with success. The brokerage offers traders real-time quotes, 3rd-party research, Yahoo! Finance news streaming, social sentiment tracking and planning tools on its web platform.
Outside of its web platform, thinkorswim packs a mighty punch. It gives traders access to advanced tools like market scans, thinkManual and tutorials to make sure you get the most out of the platform.
You don’t even have to pay for another subscription service for thinkorswim model. And no, it’s not another freemium model masquerading as a free service, it’s absolutely free for account holders. You might consider TD Ameritrade‘s stock trading costs as steep — a flat $6.95 per stock trade with 0 volume discounts.
Read Benzinga’s full TD Ameritrade Review
Best For
Intermediate Traders and Investors
Best For
- Active traders
- Intermediate traders
- Advanced traders
securely through Webull’s app
Best for Active Traders: Webull
Webull is a brokerage that is accessed through its mobile app. It features commission-free stock and exchange-traded fund (ETF) trading.
The broker is tailored towards intermediate and experienced self-directed investors and traders. It is most well-known for its commission-free structure which allows active traders to save a considerable amount on commissions compared to others.
Webull’s platform allows you to analyze recommendations, revenue and historical earnings per share data. You can also access key statistics, insider trades, stock information such as earnings, dividends and stock splits and news feeds.
It offers trading on more than 5,000 U.S. stocks and ETFs in the United States. However, Webull doesn’t support stock options, over-the-counter stocks, mutual funds, bonds or cryptocurrencies, which is somewhat limiting
Read Benzinga’s full Webull Review
Best For
Charts
Best for Technical Analysis: TradingView
TradingView’s takes the cake in this category. The charting package offers 100+ built-in technical indicators for market analysis, which covers most popular trading concepts and indicators. It also offers 5,000+ custom-built indicators.
The programming language TradingView allows you to create and share custom studies and signals, as it facilitates modification of any study’s code and can create any custom indicator from scratch.
Apart from fundamental data on companies, TradingView also provides economic data, both domestically and globally, and also facilitate a comparison of economic data.
Socially, it also has a fully-integrated chat application, chat forums and a provision for sharing your analysis with others that work with a single click.
The platform allows you to connect to millions of traders from all over the world. Price-wise TradingView costs per year are $9.95, $19.95 or $39.95, depending on whether you purchase Pro, Pro Plus or Premium. But, you can join for free.
Conclusion
We are commonly getting queries from our clients on some of best software for trading business, some of which offered by world’s top software companies. There is no doubt that the business of trading is highly popular in India and some other parts of world. For any country or region which has advanced infrastructure, good market access along with skilled workforce, there are great chances to bring out effective trading process.