Religare Dynami is one of the trading platforms provided to the clients of Religare Securities.
This review is all about this app talking about its features, configuration, user reviews, benefits, problems etc. All this is intended to make sure you understand about the app at length and based on that take an objective call to go ahead with it or not.
Religare Dynami Overview
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 at 8.5 MB size for Android users and relatively heavy at 66.8 MB for iOS users. That is certainly one big let-off in the first place itself.
Although the app provides some differentiating features such as Swipe2Trade, however, it is a competitive market space and every single day, stockbrokers are trying to bring values to their respective clients.
Nonetheless, we will have a whole 360-degree view of Religare Dynami, the kind of features it provides, positives and finally negatives of using this mobile app for your trading purposes.
Religare Dynami Features
Here is a look at some of the top features this mobile trading app provided by Religare Securities:
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 of Religare Dynami gives a standard display of information with no differentiation.
If you are looking to monitor a 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, Religare Dynami 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 in this Religare Dynami app.
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 Religare Dynami 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 in the country.
To give a reference to the ratings, this is how the overall feedback status:
Basically, around 24% of the mobile app reviewers have rated this app negatively. This definitely does not give any sign of positive sentiment about this mobile app by the clients of Religare Securities.
Religare Dynami Disadvantages
Here are some of the concerns of this mobile app:
There have been login related issues reported where the users are logged out of the application as soon as they log in. This is peculiarly a concerning issue and is a turn-off for regular traders.
The feed displayed can be delayed at times and can be ambiguous in nature.
The app has performance and speed related concerns as well.
No guest login offered.
Limited charting features allow you low opportunity to perform detailed technical and fundamental analysis.
Religare Dynami Advantages
Here are some of the benefits of using the Religare Dynami Mobile app:
Fund transfers between trading and bank accounts allowed through the mobile app.
Multiple market watch-lists allowed
Different types of order placements including AMO, Limit order, SL order etc allowed.
Religare Dynami Conclusion
In the end, we would like to wrap up by saying that the Indian stock market space is getting competitive every single day. And when it comes to mobile trading apps, traders like yourself have a variety of options out there.
Thus, an average mobile trading app such as Religare Dynami might not be able to sustain itself with a trader.
This app is neither too bad nor too good, its somewhere in the middle – which is certainly not a benefitting position for any of the party involved, be it the broker or the trading client.
Therefore, it makes total sense that the broker brings in the much-needed features today’s traders look forward to while improving the app’s performance and overall user experience.
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