As you have already noticed in the review of Religare Securities that the full-service stockbroker has not been able to live up to the expectations of its clients, especially through its trading platforms. In this article here, we will talk specifically about the mobile app it provides to its clients – Religare Dynami. The app is relatively heavy at 10.83 MB size for Android users and 66.8 MB for iOS users. That is certainly one big let-off in the first place itself.
Nonetheless, we will have a whole 360-degree view of this mobile app, the kind of features it provides, positives and finally negatives of using this mobile app for your trading purposes.
As you install and open the application, you are required to provide valid credentials (username and password) to log in and start trading. The concern is, the application does not provide any guest login. In this competitive day and age, users have become much more cautious and intelligent where they prefer to have a demo of the app before going ahead into account opening. With no guest login, Religare securities is certainly missing a trick here.
Post login, you will be shown the current status of the market through different indices including Nifty, Sensex etc. along with top gainers and top losers of the day till that point in time. The feed timing is reasonable and the home page gives a standard display of information with no differentiation.
If you are looking to monitor few specific stocks or financial classes, you can add them to a watchlist. This mobile trading app allows you to create multiple watchlists within a single login. Furthermore, you can set up alerts and notifications on the stocks. When a specific stock hits a price you have set, the app notifies you through in-app notifications. Finally, you can personalize the market watch option and use it across different indices (NSE/BSE/ MCX etc).
Then, you can have a close eye on your current positions and holdings through this mobile app. Whatever stocks you have bought and sold and the corresponding profit/loss you have attained through these transactions will be displayed. Post any new trade, this tab will be automatically updated.
Like mentioned above, you can set different types of alerts in form of stock monetary movement as well as a specific percentage change in the stock value. Based on these alerts and notifications, you can also choose to place your order at the right time.
The app allows you to place different types of orders including After Market Orders (AMO).
Once you have placed the order, you will be notified of the trade details through an SMS on your registered mobile number and an email at your registered email id. This is a very crucial piece of information and this, make sure your contact details stay updated with the broker at any point in time.
You can perform funds transfers through the mobile app itself. If you are looking to add funds into your trading account from your bank account, you can do so with more than 20 banks of the country.
To give a reference to the ratings, this is how the overall feedback status:
Basically, around 34% of the mobile app reviewers have rated this app negatively. This definitely does not give any sign of a positive sentiment about this mobile app by the clients of Religare Securities.