New Delhi: With smartphone usage on the rise, more and more traders are switching to digital trading.
Trading firms are developing their own mobile applications, which they continuously update to stay ahead of others in the market and remain in competition for the best trading app in India.
Nowadays, most companies have well-established trading applications. These apps help a trader or investor trade on the go via smartphones.
With these dedicated trading applications, clients can directly deal in mutual funds or IPOs.
An ideal trading app should offer easy and quick placement of orders and directives, real-time stock market news, timely and instant updates, unlimited access to daily market news and information, and access to historical data charts and research reports.
What an ideal trading app should offer
The user should never opt for a trading company based on the advantages of the application. However, it is also necessary to understand the parameters required to select a trading application.
The user has to decide whether the application is suitable for his/her device, whether or not it is free of cost, if it is available on the Google Play Store or Apple Store, the amount of data the app consumes, and whether it is suitable for all types of traders.
Here are some of the best features of top trading applications:
The Zerodha Kite application: It is a flagship mobile trading app by Zerodha. The broker is one of the leading stockbrokers of India. The application is available for Android and iOS users, and is used by millions in the country.
Its top features are — it enables the user to switch to six chart types and 150+ indicators, it works perfectly with a low internet connection, it as been built with RMS, offer many charts through TradingView and ChartlQ, you can quickly check the balance funds, it has a universal search engine, multiple exits on the trading options and access to charts.
The Angel Broking app: It is available on both Google Play Store & iOS App Store. A client can do bulk trade operations very easily via this app.
All investors who want to trade on-the-go, prefer this mobile application. The application promises advanced features along with an active user interface.
Its top features are — the user can easily buy and sell stocks, real-time track derivatives and their position, free access to research reports and advice and 40 plus technical chart indicators. The user can also check Demat account holding at any time, transfer funds to over 40 international banks, and easily invest in mutual funds.
The IIFL Markets application: It has some of the best features, thus making it popular in the stockbroker industry.
Its top features are — the user can customise the watch list according to preferences and exchanges, easily control order book, trade book etc., modify their watch list, add resistance levels and multiple columns. It also offers complete research on 140 trading companies, Bloomberg TV to get updates on market news and technical analysis and indicators are available to traders.
Before choosing a trading app, a used should go through each of the applications and its features and make a final decision only after getting a clear picture.
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