Trading and Investing have evolved tremendously over the years, making the share market services accessible to the larger public. Earlier securities were dealt with in physical form. This physical trading involved hefty risks, such as theft, forgery, loss, etc. With dematerialisation, people started trading their securities in electronic form, which saved them from all these risks. Now with the advancements in technology brokers and advisors can provide their services with the help of a broking app, which makes their tasks easier with just just few taps on their phones. This article discusses all the features and benefits that a stock broking app can provide to financial advisors which can make their task easier.
Features of a Stock Broking App
A stock broking app is a mobile application that lets investors trade and invest in different types of securities with just a few taps on the mobile phone. This is one of the most convenient ways for trading and investing. Here are the features that a financial advisor must look for while choosing an app.
Intuitive Interface
A stock broking app has a user friendly interface. This helps with easy navigation to different sections of the app. As a financial advisor, you might need to look at the price of a stock simultaneously on the charts and place an order. All this requires quick navigation because quick decision-making is important in these situations.
Live Market Data
A stock broking app offers access to real-time market data. This is essential to make quick trading and investment decisions. Data like the price of stocks, news, indicators, etc. even helps to compare different stocks to make a wise decision.
Speed
Stock market apps load quickly because quick decisions have to be taken. They offer features like touch gestures and other features that are optimised for mobiles so that quick order placements can happen.
Security Measures
The data stored in these stock market apps is very crucial. This makes it necessary to have strong data protection measures in the app. This is why most of these apps offer two-factor authentication for additional security.
Benefits of Stock Broking Apps
The introduction of stock broking apps has solved many problems for traders and investors by making trading and investing easily accessible to them. Apart from easy accessibility, these apps offer several other benefits that make them a considerable option over desktop-based trading and investing. Some of those benefits are as follows.
Brokerage Payouts
Most of the stock market apps facilitate respect the importance of timely brokerage payments to the brokers. This is why advisors should look for such apps which offer competitive payout rates and transparent payout schedules. This also builds financial advisor’s trust in the concerned app and at times they stay with a particular app for longer durations.
Customer Service
One should look for an app that offers quick customer assistance as trading and investing are all about quick decision-making. So, a customer service executive must be present 24/7 to help you till the issue is resolved. In addition to this, the executive must be equipped with enough knowledge so that they can provide quick and complete assistance to clients.
Different Products
Another benefit that these apps offer are availability of a diverse range of products. This helps financial advisors to provide their services to different types of clients. This expands their client portfolio and helps to earn more. In addition to this, advisors can even manage their investments and earn commissions.
Real-Time Market Data
When advisors trade or invest through desktops, everything is visible in a better manner. But desktops are not mobile, this is why these apps can help with being available all the time. One can refer to the live market data anytime, anywhere to execute their trades. One can set notifications for price alerts, news etc which can save them from missing a major market move.
Research Tools
One of the crucial benefits of a stock market app is that it offers research tools like analysis reports, financial reports, etc. Advisors often need such reports to study a company in depth because these reports offer valuable insights. This helps with identifying the possible entry and exit points and making informed investment decisions.
Automated Trading
At times, you might have multiple portfolios to handle and keeping a track of each of them is not quite possible. In situations like these, automated trading can be very helpful as it executes your order automatically when conditions are met. This also helps with the easy handling of multiple accounts and executing multiple strategies all at the same time.
Conclusion
Before selecting a stock market app for trading and investing one must know what do they have to offer that can make your job easy. They offer security features with 2-factor authentication which helps to keep your data safe and secure. Other than this they offer competitive payouts which might not be available when you trade through other platforms. At times, one also has to place multiple orders which needs to be done quickly for which these apps offer an automated trading function. This helps with placing different orders automatically when specific conditions are favourable. These are some of the benefits of a broking app that helps financial advisors easily manage their portfolios W