The number of smartphone users in the country has been steadily rising. You may increasingly be using your phone for various activities to get your work done efficiently and quickly. Stock trading through these smart devices is also gaining popularity because the entire process is easy and quick. A large percentage of retail investors, especially within the cash segment place orders through their phones.
According to a study conducted by The Economic Times, the turnover through mobile trading as a percentage has grown significantly in the last few years. A huge portion of this growth is within tier II and tier III, which often do not have a branch network.
Trade on the go
If you regularly trade on the stock market, it is important to place buy and sell orders at the right time to maximize your profits. During market volatility, the possible opportunities may get away through your fingers within seconds if you do not take immediate action. Such immediate action may be an issue if you have limited access to a trade terminal at your office. Moreover, you do not want to miss any investment opportunity while you travel. A share trading software overcomes all these limitations and ensures you are able to profit from all available opportunities.
Small ticket size
A large majority of retail investors prefer to use this option to execute small ticket size trades. The demand for mobile trading has increased because of the reduction in the prices of smartphones that come with high-tech features. This, coupled with the affordability of Internet plans has contributed to the surge in the demand.
You may simply download the share trading software offered by a reliable and reputed broker. To activate your account, you may need to send an email request. On the successful activation, you may trade through the account using your username and password.
Accessibility Another major factor that has contributed to the popularity of mobile trading is its easy accessibility. The investors who reside in small towns and may not have access to a computer may easily trade on the stock market using a basic smartphone. Such software applications provide you access to the share markets even from a remote location as long as you have an Internet connection.
Unique features
Most of the reliable brokers offer high-end share trading software that comes with several unique features. Several discount brokers are increasingly using mobile technology to provide improved services to their clients. Here are three unique features of such trading apps.
- Multiple segments
Mobile trading apps allow you to trade in the cash segment of the stock markets. In addition, you may invest in the derivatives segment [futures and options] on the leading share markets. Several apps allow you to trade in commodity and currency markets. Therefore, you are able to benefit from trading through multiple segments.
- Real-time price tracking
You may create a watch list for your favorite stocks. The prices of these may be streamed live to receive real-time updates. This allows you to make accurate investment decisions that will maximize your benefits.
- Seamless fund transfer
Most of these share trading software mobile apps provide seamless and hassle-free fund transfers between the trading and bank accounts. Therefore, you are assured of never missing on an investment opportunity due to lack of adequate funds.
The brokers may offer discounts on the commissions charged on the mobile apps. However, before you choose one of the several brokers, it is important you compare the features, and terms and conditions of these different service providers.