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Trading opens up a world of opportunities. You can earn quick gains from price movements, achieve different financial goals, and make the most of market volatility. Trading also builds discipline, sharpens your decision-making, and allows you to act quickly on market news. These benefits can make a noticeable difference in your results. However, all these benefits depend, in large part, on the trading app you use.The right platform can make each step of the process easier and more rewarding.
To help you start strong, here are five key things you should know before using a trading app.
1. Quick demat account opening
Go for a reliable trading app that offers a 100% digital, paperless demat account opening process. You must be able to open a demat account within minutes using your:
- PAN
- Aadhaar
- Bank details
A simple and speedy onboarding process reflects an app that’s built for modern investors.
2. TradingViewintegration
Does your chosen app offer integration with TradingView? This is a huge benefit as you get access to:
- Interactive, real-time price charts across multiple timeframes
- 100+ technical indicators for in-depth market analysis
- Drawing tools for marking trends, support, and resistance zones
- Simple interface for setting up custom alerts
- Features to track multiple stocks simultaneously
- Seamless integration so trades can be placed directly from charts
Put simply, your chart analysis and trading all happen in one place, so there’s no need to switch between different platforms.
3. Unlimited order placement
Ensure that the trading app you choose lets you place as many orders as you need, with no limits on size or quantity. This is more important for traders who engage in high-frequency trading.
The best trading app in Indiawill be one that combines this advantage with lightning-fast order execution, one-tap order placement, and support for multiple order types (market, limit, slice, etc.).
4. Educational content and 24/7 support
A trading app should act as your guide at every stage. Look for apps that offer multiple educational resources, such as:
- Video tutorials
- Articles
- FAQs
These help you grasp trading basics, advanced strategies, and app features. Another helpful feature is access to 24/7 customer support via chat or phone,so you can get clarity when needed.
5. Margin Trading Facility (MTF)
Before signing up with any trading app, check if it offers a margin trading facility with high leverage. For instance, if there’s an MTF with 4x leverage, you can purchase shares worth up to four times your available funds. This can be a huge advantage if you want to act quickly on market opportunities and amplify returns.
However, since trading on margin also increases risk, it makes sense to prioritise an app that clearly outlines its margin policies and is transparent about all charges.
Additional value-added features to look for before using a trading app
You could get even more out of your trading experience if you look for additional features like:
- Real-time data feeds: Access to live market prices and instant updates.
- Custom notifications: Price alerts, news updates, and portfolio changes delivered in real-time.
- Personalised watchlists: Create and manage custom watchlists to track your favourite stocks and sectors.
- Smartscreeners: Filter stocks based on criteria like price performance, dividends, volatility, and volume.
- Detailed research: Access to analyst reports, daily research ideas, and fundamental/technical data for well-informed decisions.
- Powerful security: Two-factor authentication, encryption, and periodic security updates to protect your demat account and securities.
Closing note
Before you use a trading app, assess it for the features mentioned above as they impact your trading efficiency and comfort. Each feature addresses a specific need, and together, they simplify your journey, offer clarity, boost your confidence, and help you react quickly to market opportunities.
MO Riisebrings all these elements into a single, powerful platform. Backed by Motilal Oswal,a SEBI-registered public entity, more than 40 lakh traders already use the app. Besides all the features outlined above, you also benefit from UPI-based payments, multiple tradable options, personalised tools, fractional ownership in US stocks, and StoCoMo—an in-app community of traders.
Download MO Riise and start trading today!
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