Generally, we talk about some of the best in the industry. Be it best stock brokers, advisory companies or trading platforms, but here, in this case, we are taking an exception. As it is a known that A Digital Blogger is an unbiased blog and we take this quality in our stride. The mobile app in this context here – Anand Rathi Trade Mobi is one of the worst performing mobile trading applications in India.
If you are a client of Anand Rathi, then you can trade or invest across Equity, Commodity, Derivatives and Currency segments using the Trade Mobi application, and honestly, this seems to be one of the very few positives of this mobile application.
The biggest reason for all these problems is the limited update frequency cycle that the full-service stockbroker maintains. With this in place, the app sees a lesser number of features and a larger number of bugs, which does not really impress any client.
Anyway, we will talk about the different features available in the next section so that you can get a complete understanding of this mobile app before you commit to the broker if you have not already.
Anand Rathi Trade Mobi Features
Let’s talk about the features available in this application one by one:
To log in to the application, you are required to provide your username and password at the login screen (displayed below) and click on ‘Continue’ button. Once you do that with valid credentials, you will be logged into the application.
Once logged into the mobile app, you will find a breadcrumb menu link on the top left part of the screen. Tapping on that, the whole menu will be displayed with the set of features available for the mobile app user.
This is how the dashboard is played to the user once the app is positioned on the home page. This dashboard displays information on stock market indices, stock market quotes selected to be part of the market watch, industry news etc. As you can see the UI (user interface) or design of the application is pretty bland and certainly needs to be overhauled at an industry level instead.
This is how the MarketWatch feature is displayed where users can add a new or remove existing scrips. This feature allows you to monitor specific stocks that you are interested in with information on scrip details, last traded price and quantity to go along with positive or negative change (and percentage change) in the stock value.
Further, if you want to have detailed information about a particular scrip, you can just tap on the scrip and the below-displayed screen will be shown to you. This screen has the information on the current price, percentage change, open/close/high/low/average price of the stock. You have the option to view the graphs and charts as well to perform technical or fundamental analysis before placing the order.
Here is a glimpse of different chart types available to perform your analysis. Again, the design of charts is not that interactive and it is relatively difficult to make out much of an information right away. In fact, it takes reasonable time for the complete analysis.
The following types of charts are available for analysis including Area, Line, Candlestick and OHLC (Open High Low Close). Different users have different preferences when it comes to charting types and the app gives you few options. Having said that, these different options are not that exhaustive since there are a lot of high-performance mobile trading apps these days that offer much more exhaustiveness in terms of technical/fundamental analysis.
Candlestick charts are one of the most prominent and accurate ones used by traders for analysis. Although, the app gives you the option to use candlestick charts but more or less, it seems the option to use these charts is just for the sake of it. There are no indicators or strategies that generally act as secondary tools for technical analysis specifically.
Further, before placing an order (buy or sell) of a specific stock, you are provided with top 5 selling and buying bids available at that point in time with information on the price and quantity offered. The values can be refreshed based on user action as and when required.
Finally, to place an order you need to finalize the exchange, scrip (stock), action (buy or sell), Quantity to be bought, product type, order type (limit, market, SL, Market SL), price etc. Once done, you can click on ‘Place Order’. This will be followed by a confirmation screen. When you go ahead and confirm the order, it is put inline for order execution in the exchange.
Here are the details on the configuration of the mobile app needed for a smooth trading experience:
iOS and Android
iOS – 39.6 MB
Android – 11.4 MB
It must be noted that the iOS version of the mobile app is relatively bulky and if you are using an Apple phone, it is advised that you keep a decent memory space open for mobile app usage.
Anand Rathi Trade Mobi Disadvantages
At the same time, there are quite a few concerns with Anand Rathi Trade Mobi application which need to be noted:
Primitive user design
Overall mobile app speed and performance lags quite a bit, takes a lot of time to open
A limited number of features to perform the technical and fundamental analysis. In fact, the features provided in the application are very basic.
On top of all this, Anand rathi seems to have no idea that they are supposed to respond back to the comments and feedback provided by users at Google Play Store. This is one big turn-off for clients who expect a response, even if it’s not a quick one. The full-service stockbroker clearly seems to be missing the trick here.