If you are about to open a demat account, you are bound to think about whether to use your broker’s website or mobile app to manage your investments. After all, when it comes to managing your trading account, you need to know whether the interface of your broker’s website is better than that of his app.
This discussion has gained prominence in recent times because the apps of several brokers have begun providing features like push notifications, trading tools like charts, etc. As trading apps have become quite popular in India, let us understand what gives them an edge over websites.
About to Open a Demat Account? Learn Why Trading Apps Have an Edge Over Websites
- Ease of access: Thanks to the growing penetration of mobile phones and the internet, many people have access to trading apps even in remote parts of India. They may or may not have a laptop, but they have a smartphone. Besides, even those who have a laptop cannot use it all the time because carrying a laptop is not easy always. This is where a broking app trumps broking websites.
- Better performance than web interfaces: In most cases, it has been observed that a broker’s mobile app has a better interface than his website. Mobile apps are built in such a manner that it is easy for users to navigate from one screen to another. Besides, mobile apps are much easier to use on average than websites. Hence, they perform better than web interfaces.
- Push notifications work better on trading apps: Market participants can use push notifications both on mobile phones and on the websites of brokers. However, such notifications work much better on smartphones than on websites. Moreover, as most people always carry their mobile phones, they can get news and updates all the time with the help of push notifications. This is not possible with laptops, as people cannot use them all the time. Imagine accessing your trading account on a laptop in a crowded train.
 Having discussed the benefits of mobile apps, let us discuss why some traders may prefer a website over an app.
A Broker’s Website May Be Beneficial Over His Mobile App for the Following Reasons:
- Easier to lose a mobile phone than a laptop: While most trading apps have adequate safety features, people still remain a bit apprehensive while using their trading apps because they may lose their mobile phone in a crowded area. With their mobile phones, they may even lose confidential data pertaining to their demat accounts. However, the probability of losing a laptop is lower than the probability of losing a mobile phone.
- Understanding detailed graphs on a website is easier: You can access graphs and other indicators on a broker’s app. However, due to the small screen size of mobile phones, you may find it tough to entirely understand a graph on your mobile’s screen. But, you will not face this issue with your laptop, as it has a much larger screen. Hence, using a broker’s website on your laptop helps you understand graphs a lot more easily than a broking app.
After you open a bajaj demat account, you can use a website or an app for trading. But, make sure that you sign up with a reliable broker, who can meet your requirements. Bajaj Broking is one such brokerage house, which is taking care of the needs of a vast variety of clientele through its website and trading app.
Its trading app has a simple and intuitive interface, which makes it easy to use. Besides, it offers tools like Marketsmith, Trendlyne, and Scanners, which can help you make informed decisions while trading.
Read Also: How to Set Up and Use Watchlists in Your Demat Account App
