Stock trading is becoming common to people even the young generation as the information is quite easier to access nowadays. People who have just started to earn are looking for investment options that can give them quick and high-interest rates. Normal investments of fixed deposits or PPF have a longer waiting period and the interest rates are also low. This is where the share market comes in where one can easily buy stocks of companies having high potential. But the stock market has its own share of risks, and this is where you need a financial advisor who can help you out to get better returns. Unlike old times when people use to rely only on desktop websites for trading, now they are shifting to mobile apps for the same. One of the highest rated trading apps in the app stores is the Edelweiss Mobile Trader (EMT). It is available for both Android and iOS users and one can access the information even without registration.
There are a lot of companies/firms providing information on the website as well as on apps. But one thing that I realized when I entered trading was, it is best if you can do it via mobile app. We can access the information and trade even while we are on the move which is much faster than opening a laptop and doing it. This is where the Edelweiss Mobile Trader is one of the preferred choices as it is based on 3 factors:
- Speed
- Stability
- Simplicity
If you have ever opened a trading website, you will see that there is a lot of information displayed on the page. When you are on a much smaller screen of the mobile device, the key is to organize the information properly. So the app focuses on the crucial things first like showing the Sensex and Nifty on the homepage. They also have this cool “Pull the Bull” feature available across the app to access Sensex, Nifty, USD, and SGX Nifty rates quickly. Along with that, you have the option to search for quote of different companies listed on the market. Lastly, there are three action buttons for market, trade, and watchlist available on the homepage. So the homepage is very clean and has the most crucial things to get you started. Because of the simplicity, any new user who wants to join trading can grasp the basics quite easily and is not bombarded with a lot of information at the start.
You have two side-menus on the app, the left one focusing on free information for anyone who wishes to access it even without registration. And the right one focuses on the registered users and their portfolio. The left menu has options like Market(Equity, Derivatives, and Commodities), research calls, news, charting etc. while the right menu has user dashboard, trade option, funds transfer, order status, portfolio etc. So accessing information is totally free even for unregistered users.
The app has no ads displayed in any section of the application which makes it a preferred choice among users. The data is updated real-time within seconds and has no lags whatsoever even when there is high usage. Edelweiss claims that they have enough server resources available to handle 4 times the regular traffic as they believe that trading is all about speed and timing. Little bit of latency can cause some real financial loss, so it is made to overcome those even in difficult times like when the market opens high or low. The developers have done a great job in showcasing the data in a very organized and structured manner. No matter on which page you are, you always have option of trade available so you don’t miss any deals. Also, trading is just a 3 tap process with minimal crucial options to fill in which makes it a quick task. They have simplified the login too with one step process which takes the identity of your smartphone as the second step without compromising security.
Research Calls
Research calls is one of the excellent features where this app becomes your personal financial advisor and gives you options for making investments or exiting any current trade. So periodically you will have advice from their team regarding short, mid, and long-term investments. Someone who doesn’t know much about trading can use this option to narrow down his research and kick off trading.
Charting
One of the best features and the USP of Edelweiss Mobile Trader is charting, where they have shown some excellently detailed charts with loads of information. One can do technical studies with SMA, EMA, volume, super trend etc and draw lines such as trend line, horizontal, vertical and even a Fibonacci Retracement along with marking events such as Bonus, Dividends, Rights, and Splits. You can also save your own template and load it anytime you want to do your enhanced study quickly. This gives anyone great options to study a particular stock and make decisions based on it and also share the charts with others. The charts load quickly and are very smooth to operate and customize. This is one of the best features which you don’t get easily on other apps and that too for free on a mobile app.
Overall the app is just great in terms of features, speed, and UI. One of the main reasons being that the company focuses on user requirements and feedbacks and that is how the app was polished to become one of the #bestTradingApp in the market. Not many apps have high ratings on both Android and iOS, but this app has managed it by giving an equally amazing experience for iOS users too. So don’t wait any longer, give it a shot and start trading now.
