Trade Smart online is a discount stockbroker based out of Mumbai and provides trading services at a reasonable price. When it comes to its trading platforms, Trade Smart Online mobile app or Sine is the only in-house developed and maintained trading application from this discount broker.
Other platforms across web and desktop are the third party in nature and thus, the broker has relatively much lesser control over those softwares.
With this Sine Mobile trading app, you can trade and invest in Equity, Derivatives, Currency and Commodity. Furthermore, the broker has designed a guest login flow as non-clients so that they can have a basic walkthrough of the mobile app, but the flow does not seem to work beyond the initial OTP confirmation screen.
An even bigger problem is that this issue has been around for a while but Trade Smart does not really seem to care at all.
Nonetheless, in this review, we will talk about some of the features provided in this application along with the merits and demerits so that you can have a clear understanding whether to go ahead with the mobile app or not.
Trade Smart Online Mobile App Features
Let’s discuss some of the features and understand how the Trade Smart Online mobile app – Sine works and assists you in your trading and investing:
As you login into the application, you are shown a basic dashboard with information on latest updates of different indices, along with your holding value, trading balance, overall order summary.
You can set up a Market Watchlist and add those specific stocks and financial entities that you are looking to monitor. Once you add such stocks into different watchlists, its corresponding information is made available at the dashboard screen itself. However, you CANNOT set any particular watchlist as the default market watch as per preference.
If you want to place an order, you can view the summary of specific stocks by tapping onto the scrip name and view basic details such as bid price, the volume available along with a provision to view related charts and other stats.
Then, at the time of order execution, the user can edit some of the aspects such as Action (Buy or Sell), Quantity of stocks to be bought or sold, limit to be used and so on. Once decided, the user can press the ‘Submit’ button and thus, execute the order.
For quick analysis, you can view the Heatmap functionality available within the app. With this flow, you don’t need to look at the numbers specifically, there are specific colour codes (green – growth, red – drop, orange/yellow – stable) and understand the stock momentum accordingly.
Then, the app gives a clean and segregated view where you can get a quick idea about the status of the top movers, gainers, losers and so on across different indices and sub-index segregations. This idea is provided through a 180-degree colour-coded block (as shown in the screenshot below) that tells you what percentage of stocks in NIFTY200, for example, have grown positively, negatively and the ones that have stayed neutral.
Going even further, you can view other intrinsic details about the specific stock you are interested in. This information (resistance and support levels, option chain, put-call ration and so on) is available in both textual and graphical representation and you may choose the mode as per your preference.
Then users looking to use advanced mechanisms and dig into numbers and perform technical and fundamental analysis (primarily) can use the ‘Analytics’ functionality. Here most of the analysis and information set up is done by the backend team of the broker, but the user may use to perform even deeper analysis on top of it. With this, you can understand potential market opportunities in the future at an objective level.
If you are looking to perform technical or fundamental analysis using the charting functionality, then you can avail different types of charts. Along with that, you can switch among different time slots ranging from the current state (1 minute) to last 10 years or so. On top of it, there are few studies and options strategies (rise and fall, spread scanner, volume-shocker) available for a much deeper analysis.
The following technical indicators (MACD, Moving Avg, RSI, Bollinger Bands, Parabolic SAR) are available within the mobile app, as shown on the screen below.
Users looking to understand the generic operational methodology of a company, then they can view the corporate actions performed by the listed stock in the recent past. These reports discuss the corporate agendas, bonus, interim dividend, future actions, discussions, decisions and more.
If you trade in derivatives, then you can use the options calculator functionality within the mobile app.
Finally, you can perform the fund transfers within the mobile app where you can choose the trading segments (Equity, Commodity), your bank information and the amount you are looking to transfer. The discount broker allows fund transfers across 28 banks of India.
Thus, from the feature perspective, the Trade Smart Online Mobile App – Sine looks exhaustive in nature. But more importantly, we need to understand how easy or tough it is tough to use this application.
Since, there are different types of users such as beginners, medium level traders, heavy traders etc and correspondingly different user types have different levels of expertise in using such trading applications.
Here are some of the benefits of using the Trade Smart Online Mobile app for your share market trading:
Trading and investing allowed across different segments including Equity, commodity, currency, IPO, mutual funds and so on.
The app offers a reasonable number of features and thus, is pretty exhaustive in nature.
Multiple features available for technical and fundamental analysis including various charts, indicators, studies etc.
Analytics feature allows you to understand and analyze market opportunities in the future by performing some basic number crunching.
Trade Smart Online Mobile App Disadvantages
Here are a few issues listed with the mobile app:
The application requires you to log in each time you swap any other mobile application within the same session. This can be frustrating at times since users like to switch between trading and financial info mobile apps/website at times.
Connectivity issues observed in case your internet connection bandwidth is average or low.
Overall user design can be improved in term of look and feel and ease of understanding. This can be a bigger concern for beginner traders.
There is a guest login but it does not seem to work.
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