Mobile trading apps facilitate stock trading in a seamless manner. Over the years, mobile trading apps have gained significant popularity, and stock trading apps for all prominent brokers have scored millions of downloads.
For investors, it can be challenging to select the best stock trading app, given the plethora of choices. Read on to know the features you should look forward to in an online trading app before choosing one.
Irrespective of the kind of trading you want to conduct, speed is the heart of thing. Ideally, you should opt for an app that allows you to carry out trade in a jiffy. A slow app is not desirable as it mars user experience and is a hurdle while placing an order.
Hence, make sure that the app you use has a good speed so that you can carry out your trade seamlessly.
This is another essential lookout while using a mobile trading app. Make sure that the app scores high on user experience and you can seamlessly navigate from one section to another.
The app interface should be intuitive, and it should allow you to conduct the most complex trade in the simplest manner. Equally essential is customisation. It should allow you to customise itself in the way you want to use it.
If the stock trading app you are using charges a high fee, it will ultimately eat into profits. Therefore, you must ensure that the mobile trading app you are using has a competitive fee structure.
For instance, Edelweiss Mobile Trading app is one of the most cost-effective trading apps in the market, whose fee structure ensures you can trade hassle-free without worrying about high charges.
To stay on top of your game, you need to be abreast with the latest market happenings. Hence, you must choose an online trading app that allows you to review your portfolio in real-time and keeps you updated about the latest happenings of the market.
For example, the Edelweiss Mobile Trading app provides you with extensive information on markets and has a section dedicated to it. There are also sections on equity, derivatives, and commodity markets that help you know what’s happening in these segments. You can also see in real-time the performance of your portfolio and see if it’s doing as per your expectations or not.
Timely alerts and notifications are vital features of a trading app. This is because it’s not possible to monitor trends regularly. Alerts ensure you don’t miss out on a crucial market happening. The alerts also allow you to encash an opportunity coming your way.
The Edelweiss Mobile Trading app is designed to push crucial alerts so that you never miss out on important happenings of the market.
Charts are a vital part of market analysis. They help you understand market movements in detail and make decisions accordingly. Make sure that the online trading app provides you with these charts.
For example, the Edelweiss Mobile Trading App provides you with advanced charting such as Renko, Points and Figures, Heiken Ashi and Candlestick, among others, to make an intelligent decision.
To use the services of a trading app, you need to make a certain deposit. As the minimum deposit amount varies across trading stock trading apps, you need to research and find the amount that suits you. If you are starting, it’s prudent to go for apps that have very low deposit amounts.
Also, it’s vital to make sure that the mobile trading app has more than one accepted payment method. The more the payment method, the greater is the flexibility on offer. While checking for payment options, see if it entails extra fees or not.
Check out the available features in the mobile trading app and see how they are useful to you. You must opt for an app with comprehensive features to make your trading experience seamless. The Edelweiss Mobile Trading App, for instance, offers you:
Research reports help you get an in-depth view of markets and know the opinion of experts. These reports help you dig deep and understand more than what meets the eye. These reports also help clear misconceptions. Opt for a trading app that gives you access to these reports.
The Edelweiss Mobile Trading App has a comprehensive reports section that gives you access to 23 reports including cost reports, DP bills, transaction reports, and so on.
There is never a dearth of news in stock markets. You need them readily available to make most of the markets and investments. Go for an app that gives you access to the latest news to avoid missing critical developments.
Irrespective of the app you choose, make sure to download it from authentic sources and not from random third-party sites, as it increases the chances of malware being downloaded. Choosing the best share trading app requires extensive research and patience. Getting the perfect one can help ease your investment journey significantly.
Download the Edelweiss Mobile Trading App now to start investing in Indian stock markets today!
Open a Demat account with us and start your investment journey today!