HDFC Securities App is one of the highest-rated mobile trading apps in India. This becomes even more important when the overall downloads of this app in excess of a million.
Maintaining that feedback rating is a daunting task and the broker has done well in keeping it in a decent position.
In this review, we will have a look at the HDFC Securities app, its features, performance, configuration along with some of the positives and negatives related to the app.
HDFC Securities App
HDFC Securities provides its clients with a decent performing mobile trading application. This mobile app is available on multiple platforms including Android, iOS, BlackBerry OS with the flexibility of 11 different Indian regional languages along with English.
Here are some of the features offered by the mobile app to its users:
Since HDFC Securities is a full-service stockbroker, you are provided with all kinds of research, tips and recommendations at both fundamental and technical levels.
The default homepage displays a default market watch with stock values, market movement type, the difference between the open and closing price of the day.
With a single tap, the user gets the option to buy, sell, get the latest quote and understand the trend of the stock for quick judgement.
The app comes with decent usability. For instance, to remove a specific stock from the market watchlist, the user can just swipe from right to left.
Users can view the assets across segments within a single screen. Furthermore, with a single tap, users can have a glance at the detailed portfolio.
You can also get a detailed glance of different transactions performed by you across segments.
Order placement screen gives you all kinds of options to choose from, including Transaction type, exchange, segment, stock scrip, stock name, number of stocks, type of order.
Charting functionality gives you a quick idea of the overall performance of the stock at both intraday and historical level.
Due to clean design, you can apply for the upcoming IPOs within 3 clicks post logging into the application.
For a quick glimpse, the app provides you with an interface with a generic overview of the stock trend for the last few hours, market depth, news related to the stock that can directly or indirectly impact the stock. Within that duration, the screen provides a high and low price point as well.
At the same time, if you are looking to invest in Mutual funds, then this mobile app provides you various data points that can help you to get a quick glimpse about the funds’ risk and return expectations.
At the same time, if you are looking to place a trade – then you just need to use the below-displayed screen and fill in details such as financial segment/product, type of order, number of stocks you are looking to trade and the corresponding price. Post putting all these details, just press the ‘Place Buy/Sell Order’ depending on your trade type.
This is a terminal-based trading app provided by the broker. However, it comes at a subscription cost and cannot be availed for free. Nonetheless, there are other web-based trading applications as well that can be accessed through your PC.
The performance and features, however, are not that varied in those applications.
HDFC Securities App Disadvantages
Here are some of the concerns of using this mobile application from HDFC Securities:
Limited features to perform detailed technical and fundamental analysis. Thus, if you are a client of HDFC securities, it’s better to perform your own analysis using other trading platforms of HDFC securities.
Login issues observed multiple times.
You might face performance or speed related issues if you are living in a smaller city or you are using a lower internet connecting bandwidth on your device.