Kotak Securities has come up with a great way to let you keep track of your investments with the Kotak Stock Trader [KST] mobile app. This app is available on Android, Windows, as well as iOS platforms.
The KST app aids all investors to trade in the stock market with just a touch. This app allows you to trade in different investments like derivatives, currency derivates, and equities. There are many features of this app that lets you seamlessly keep a track of all your investments.
Given below are some of the features of the Kotak Stock Trader [KST] mobile app
Track your portfolio
If you want to check how your investments are performing, you may keep a track of your position and current holdings directly from the mobile trading app.
Online trading
The app allows you to buy or sell securities from Bombay Stock Exchange [BSE] as well as National Stock Exchange [NSE]. You may cancel or modify any order that you have placed. Additionally, you may also set stop loss price and trigger price for your investments.
Fund transfer
With the KST stock trading app, you may transfer funds from your bank account to your online trading account and vice versa. You may also move funds from your bank account to your mutual funds account.
Live stock market data
This app provides you with all the information you need for making an informed investment decision. You get access to live quotes, intraday charts, and market tips. You may even track the movement of the market and get real-time updates on the Indices. This share market app also enables you to get scripts on the exchanges with the help of line charts, candlestick charts, or Open High Low Close [OHLC] charts.
Creation of watch-lists
If you are interested in keeping track of a select number of investments, you may track the script by making a personalized watchlist. You may also have access to the default watchlists. Besides, keep track of your transactions in the ‘My Positions’ and ‘My Investments’ sections of the app.
Check your margin
The KST app has a feature that lets you check the available funds you have and your total margin. All you have to do is click on the ‘Available Funds’ section of the app and it shows you all the information you need about the limits available against the shares in your account.
Secure data
All your information and transaction done through this app are completely secure. The app does customer authentication by using three steps – your User ID, the password for the website, and finally the security key code. For increased safety, you have to sign in every time in order to use this app. The device that you install this app on does not store any details of your sessions.
The session gets automatically terminated after an idle period of 30 minutes. The app is secured by HyperText Transfer Protocol Secure [HTTPS] and it uses the order routing system of Kotak Securities. For utmost security, this app uses Advanced Encryption Standard [AES] 128 bit, which is the highest level of encryption.
Notifications for new versions
To make sure that you always have the best functioning and most updated version of the app, Kotak sends you notifications whenever a new and better version is released.
While there are many stock trading and mutual fund apps in the market, this app by Kotak Securities makes your stock trading easy. It has several benefits, too. Some of them are:
It is suitable for all investors, be it a beginner or an expert.
You have the option to choose the platform from which you get your updates. You may choose from the Times of India, Economic Times, or Money Control.
You have the ability to connect to live TV 24*7. This facility is provided by Bloomberg TV.
You get the features and benefits of a complete online trading platform. All of this from the convenience of your mobile phone.
This app also allows you to rectify or cancel a trade or transaction you are doing even though you may not be near the trading terminal.
This app is very useful and convenient for all those who deal with the stock market. What’s more, is that the complete version of this app is absolutely free for all customers of Kotak Securities online trading.
Those who are customers of Kotak Securities in the offline mode or even those who are not customers have access to a limited version of this app. It is available for download on all the major application stores. All you have to do is sign in as a guest user and you will be able to carry out several functions like tracking markets, checking the stock prices, creating watchlists, as well as viewing the intraday charts for the scripts that are listed on BSE and NSE.
Earlier on this blog, we have reviewed a couple of Investment Plans, Stocks, etc. and so far we have received encouraging comments. Many of the readers touch based over Facebook and informed us that they have invested in one of the stocks that we have reviewed & have yielded excellent returns! Such news motivates us to write more about Finance 🙂
When it comes to investing, we take precautionary steps like reading review about investment plan/stock/insurance online, consult known experts in the domain, consult known people who have already invested in the same, etc. However, the problem is that there is a plethora of information available online that can really confuse an investor. Same is the case with investing in stocks.
Way back in the late-1990’s or early-2000’s, investors were heavily reliant on the brokers or sub-brokers that were present in their locality. They had a good amount of information about the markets, stocks, etc. and could guide investors in person as well. However, once the technology became a key player in the complex field of investments and stock trading, traditional brokerage houses like Indiabulls, ICICI Direct, ShareKhan, etc. became the torch-bearers of this change. A majority of these brokers, also known as full-service brokers used to charge a certain percentage from the trade amount. Fast forward now, with the evolution of Artificial Intelligence, Machine Learning, Big Data and other modern technologies, the brokerage space is also disrupted by new-age fintech startups as well as established financial institutions.
There are a number of trading platforms from the likes of Zerodha, ICICI Direct, India Infoline, Edelweiss, Angel Broking, etc. and each of them has various types of Trading accounts [Standard, Prepaid], different brokerage charges, transaction charges, demat account charges. When it comes to trading, brokerage fees, website usability, yearly maintenance fees, etc. play a vital role in the growth of the platform and customer retention. We have a look at some of the trading platforms available for investors from the perspective of account opening & maintenance charges, brokerage fees, fees of stock delivery, intraday trading, etc.
Note: Review based on usage, interaction with existing users of these trading accounts, research, and other parameters.
Angel Broking
Angel Broking is one of the oldest brokerage companies in the country. It is operational since 1987. They have a PAN India presence and along with technology enabled DEMAT & Trading account, they also provide offline services where investors can place orders via a phone call or by visiting their sub-brokers facility.
Account Opening Charges: No account opening charges. You can start trading in one hour. Yearly maintenance charges: No charges levied for the first year.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX & NCDEX
Weekly research reports from financial experts
Supports both browser and app-based trading. Platform is available across mobile, tablet and desktop
Personalized customer support
Different brokerage plans Angel Classic, Angel Preferred, Angel Elite & Angel Premium available for a different set of investors. Further details can be found here
Intraday Trading: Intraday trading, as the name suggests, is trading stocks within trading hours in a single day and investors can do intraday trading on Angel Broking platform. More details about Intraday Trading on Angel Broking can be found here
5paisa.com
5paisa.com provides a single account for all your investments. They charge a flat rate of Rs. 10 per order irrespective of the segment you trade or the value of your trade. They charge Rs. 750 as account opening fees and the annual fees [for Demat and Trading account] is Rs. 400.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX & NCDEX
Weekly research reports from financial experts
Trading platform accessible across mobile, tablet and desktop
Personalized customer support
Further details about the pricing can be found here
Zerodha
Zerodha is a Bengaluru based bootstrapped startup that has pioneered the concept of discount brokerage. With Zerodha, an investor can open an account instantly and start trading. They are also called as Flat Fee Share Broker since they charge Rs. 20 or 0.01% [whichever is lower] per executed order on intraday trades across equity, currency, and commodity trades across NSE, BSE, and MCX. They do not have any minimum brokerage.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX, MCDEX, Mutual Funds, etc.
All your equity delivery investments [NSE, BSE], absolutely free
Trading platform accessible across mobile, tablet and desktop
ICICI Direct from ICICI is an old and preferred broker due to its brand image. The 3-in-1 trading account gives you the convenience of opening a demat account, trading account as well as a bank account all in one go. The demat account is linked with your trading and bank accounts.
You can earn an interest of 4% on the allocated unutilized amount for trading. They have more than 150 branches which means that their services are accessible both online as well as offline. Yearly maintenance charge is Rs. 600.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX, MCDEX, Mutual Funds, etc.
Brokerage includes DP charges of higher of 0.04% or Rs. 25 every time shares are debited from your demat account
Trading platform accessible across mobile, tablet and desktop
There is call and trade facility
More details about ICICI Direct brokerage plans [Server Plan, Secure Plan & Prepaid Brokerage Plan] can be found here
UpStox by RKSV is another popular discount broker like Zerodha. Its trading platform Upstox Pro offers zero brokerage on stock investments. With Upstox, investors can create a custom watchlist of their favorite stocks. Upstox is backed by top investors namely Ratan Tata, Kalaari Capital & GVK Davix
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX, MCDEX
Free delivery trades. Only Rs. 20 per trade brokerage
Trading platform accessible across mobile, tablet and desktop
Further details about UpStox Pro pricing can be found here
Just like ICICI Direct, ShareKhan is one of the oldest brokerage companies in India. It was acquired by BNP Paribas in 2015. There are no account opening charges but there is a yearly maintenance charge of Rs. 500.
Brokerage features and charges
Access to all market segments of BSE, NSE, MCX & NCDEX
Trading platform accessible across different devices
Edelweiss Financial Services Limited is a diversified financial services group. The firm has five major businesses, namely Capital Markets, Credit, Asset Management, Life Insurance, and Commodities. Its main focus is on credit. Edelweiss Broking was founded in the year 1995. They have different brokerage plans for different kind of investors.
Account Opening Charges: Rs. 750 is charged as opening a trading account Yearly maintenance charges: Free for the first year, Rs. 500 for the subsequent years Intraday Cash & Equity Futures: 0.06% [Plan 1] and 0.04% [Plan 2]
Brokerage features and charges
Access to all the market segments of BSE, NSE, MCX & NCDEX
Weekly research reports from financial experts with access to various finance Edelweiss platforms that solve deep-rooted customer pain-points
Though there are so many trading and brokerage platforms, the real pain-point that investors/stock market traders face is that most of these platforms provide detailed analysis on stocks but all the features required by investors do not exist on a single platform, some of which are mentioned below:
Market information in a single view: Due to the huge amount of ‘scattered’ information available online, it becomes painful for traders/investors to perform ‘meaningful’ research of a particular sector or stock. For example, I use MoneyControl app to keep myself updated about the happenings in different sectors. There is no single platform that gives such kind of granular information.
In-depth Technical Analysis: In addition to the point mentioned above, there is a dearth of trading/investment platforms that also cater to technical and sentiment analysis of the market. This is a gap that needs to be filled for the investor community.
Trading Execution: When an investor is trading, he executes trades from the broker’s website [examples mentioned earlier] but the broker’s terminal is entirely different. This delay might cost dearly to the trader. Hence, when it comes to trading, execution is of top-notch priority.
There was a requirement for a trading platform that could solve these problems for the investor community so that even novice investors in future can become seasoned investors. This is the problem that financial firm Edelweiss wants to solve via Edelweiss Traders Lounge. Let’s have a look at the features of Edelweiss Web and Edelweiss Traders Lounge.
Broker’s terminal like experience: Though traders would access this platform via the web, the look & feel is similar to the broker’s terminal. The terminal supports customizable shortcuts so that you can trade faster than ever before.
Customizable watch-list combined with the power of data: In one single window, investors can get a wholesome view of the stocks that they have invested and the stocks that are on their watch-list. As mentioned earlier, the real power lies in presenting a holistic view to the traders and that is what Edelweiss Traders Lounge solves with the watch-list. It provides you with stock performance with real-time filtering & analytical parameters i.e. Sentiments, Events, Technical Alerts, etc.
Useful information in a single-view: As mentioned earlier, investors have to scout for meaningful information like company performance, changes [if any] to the RBI monetary policy, sector performance, impact of the global economy on the stock market, etc. available on the internet and it might result in a never ending process. Edelweiss Traders Lounge solves this problem by using the power of Data Analytics.
It provides Charting, Broker calls, News/Corporate Announcements/Events, Sector-wise performance, Live OI build-up, Moving averages, etc. in a single window so that you can Buy/Sell a stock after having in-depth information about that sector and the stock.
News sentiments, Broker Recommendations and Health Indicator: When it comes to investing in the stock market, it becomes primarily important to study the sector and also how various stocks are performing in that sector. With the ‘Peer Comparison‘ feature, you can compare the performance of the stocks that belong to a similar sector. With Edelweiss Traders Lounge, there is a deep level of sentiment analysis that gets done on the latest news on equities, currency & global markets, so that as an investor you can analyze the sentiment attached to the news. The expert opinions along with the sentiment analysis play a crucial role in impacting your ‘Buy/Sell behavior’.
Edelweiss is the only platform that provides in-depth information about the stocks, financial information, technical graphs/charts, detailed news related to stocks and more. This enables the investor to analyze, identify and trade on the same platform. Along with these features, the platform also gives whether a particular stock is listed as BUY [Green in color] or SELL [Red in Color] by the broker community.
If you are a heavy-duty trader and looking for an efficient desktop trading software then you should look no further than Edelweiss Xtreme Trader. It is a terminal based trading platform that is loosely based on Edelweiss Traders Lounge. The interface is highly customizable and can be changed to suit your requirements. The tool has advanced charting tools so that you can track the performance of your stocks.
The tool also has SMS and email alerts that can be customized as per the sector that you have opted for. Xtreme Traderensures that the research calls are flashed instantly on your screen, the moment research team generates so that you do not miss out on any trading opportunity.
When it comes to brokerage charges, exchanges that are enabled, account opening costs, etc. Edelweiss Trading scores lesser than Zerodha but significantly higher than ShareKhan. However, from a usability perspective, Edelweiss trading platform scores significantly higher than the other trading platforms! The trading platform from #Edelweiss facilitates #EasyTrading, a requirement which is the need of the growing investor community!
What is the brokerage platform you use for trading, please leave the message in the comments section…
