0 0

310 Views
Read Time:4 Minute, 1 Second

It is true that to enter the share market requires a demat account. Online trading entails several steps. Demat account opening is the first one.  Since, demat accounts proved quite successful, the SEBI made it mandatory to own a demat account for share market investing. If anyone wants one, he or she can open a demat account online. Today, there are a variety of trading or share market apps which provide the facility to open demat account online. These apps not only facilitate share trading, but also provide investment accounts like demat and trading accounts. In fact, some depository participants (DPs), which are licensed to offer financial services have come up with dedicated demat apps.  

If you are looking to kick start your stock market journey by opening a demat account it’s a good idea to pick the best finance app. You can check a few things to pick the right one. As many financial firms are enthusiastic to provide digital services to their customers, share market apps are flooding the internet. Here are the factors to consider while choosing a suitable one.

1. Whether the demat and trading account are integrated on the same app

While a demat account lets you store the securities you own, a trading account facilitates trading for them. It means all the orders to buy or sell assets take place through a trading account. So, it is essential that an app provides both the demat and trading accounts on the same app. Using different apps can be cumbersome. Managing our transactions and tracking our assets becomes clumsy when we use two different platforms for share market trading. Moreover, investors will have to shell out more money if they opt for services of different brokers. 

2. How is the technology working powering the app

The best finance app must be carrying advanced softwares to back it up. These are modern days, where availability of sophisticated software technologies isn’t a difficult task. So, the firm offering an app to open demat account online must not compromise in this domain. The app should have a powerful ecosystem which can handle even multiple transactions smoothly. It should not lag during the operations and process them efficiently so that our transactions do not fail.

3. Demat account charges

Demat accounts come with several kinds of charges. The annual maintenance charges (AMC), levied annually is the prime one. In addition, there can be certain fees for trading in different market segments. These charges calculated in percentage or at a fixed rate, can affect your overall earnings. So, while you open a demat account online, find out if the app  levies these costs economically.

4. Account opening process and support services

Since we open demat account online, it would simply not make any sense if the process is easier than the offline method. If we have to go through the same kind of trouble, what’s the advantage of online facilities? So,the best finance app must ensure that the account opening procedure is easy, quick, convenient and effortless. Most of the steps should be completed on the app itself without requiring any human assistance. Seeking help from the executives or having to make visits at the broker’s office is not desirable.

Kotak Securities – App for all your investing needs

You can visit the website or download the app directly from the play store or app store. Register on the app and complete the process instantly in minutes, to open demat account online. Kotak Securities is a leader in financial services. Over the years, it pioneered the art of delivering customer-centric services, leveraging the power of technology. The Kotak Securities App is a stark example of this. The app hosts a wide range of features as listed below.

  • A simple user interface that makes app usage pretty convenient. So, the account opening as well as linking trading accounts is fast.
  • A responsive platform consisting of superior technology that provides seamless experience. Transactions are swift and occur without any hiccups.
  • The app provides integrated watchlists to track and monitor securities. Investors get the option to create personalised ones too.
  • Stock market data flows in continuously keeping traders aware of all the recent happenings. Analysis reports containing expert information are available too.
  • Notifications in both online and offline mode are available so that you don’t miss out on anything important.
  • The best finance app offers various technical indicators useful for making appropriate trading decisions. 
  • Advanced charts for price-action analysis of assets assist studying the trends of a market.

In addition, the brokerage charges are quite reasonable. There are comprehensive trading plans. Investors can trade in all kinds of securities with a single plan and save big. Download the Kotak Securities app and open your demat account to avail encash all these benefits. 

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Identify Verification Previous post Identify Verification: What It Is, Why It Matters, And The Industries That Use It
accurate SIP calculator for planning your retirement Next post Most accurate SIP calculator for planning your retirement

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *