There was a time when people needed to go physically to a broker’s office to execute their trade. But with the rise in technology in the 21st century things have now changed. From shopping to trading everything is now available on the mobile app. The majority of brokers now provide a share market free app to their account holders.
This has increased the popularity of trading among youth in India. These apps are offered by discount brokers. They charge you only for trading orders. No brokerage for delivery trades.
5 Benefits of Free Share Market App
Brokerage-free share market apps are very convenient and cost-effective. Some of the top benefits of trading with this app are as follows: –
1) Cost-Efficiency
One of the major benefits of trading through a share market app is cost efficiency. The brokerage and other fees with traditional brokers are very high.
As compared to that the brokerage here is only charged on trading. There is no brokerage on delivery orders. Due to this, you save a lot on trading through these apps.
2) Convenience
These apps are very convenient to use. You can easily open the demat and trading account through this app itself. You don’t have to visit the broker’s office. You can submit documents online, sign digitally, verify the face through the camera, and the account gets opened.
Trading and investing are also easy. You just need a stable internet connection and a smartphone. With this, you can trade at any time from anywhere.
3) Complete Control
The share market free app gives you complete control of your trading and investing. Whether you want to buy the shares or sell the shares, you can do it with the app in a few minutes. You don’t have to rely on a broker for your investing and trading decisions.
You can research about shares on your own and monitor your portfolio. If required you can make the changes in the portfolio by buying and selling shares. For all this, you don’t need to ask your broker. You can make all the trading and investing decisions on your own.
4) Speedy Transactions
One of the best advantages of a brokerage free share market app is speedy transactions. Buying and selling of shares can be done in a few seconds through this app. You just have to select the stock and click on the tab and the order will be executed.
This helps traders to capitalize on the available opportunity. When there is a good opportunity, they can easily execute it without relying on a broker or computer.
Even fund transfer is very easy and fast. You can link your bank with the trading account and easily transfer funds when the need arises.
5) Real-time Market Updates
Share market apps give you real-time data and updates about the markets. This helps traders and investors to stay updated with the latest information in the financial markets.
You have access to live charts, quotes, news, and analysis which helps them to trade accurately and at the proper time. You also receive timely notifications for market movements and orders placed.
Conclusion
Trading and investing through a brokerage-free share market app is like a boon for investors. It gives them the confidence and convenience to trade on their terms. If you haven’t yet opened a demat account then you can think of opening an account with Dhan app. It is one of the best share market apps in India.
