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Religare Dynami

Mobile App

Religare Dynami Mobile App Overview

As you have already noticed in the review of Religare Securities that the full-service broker has not been able to live up to the expectations of its clients, especially through its trading platforms. In this article here, we will talk specifically about the mobile app it provides to its clients – Religare Dynami. The app is relatively heavy at 10.83 MB size for Android users and 66.8 MB for iOS users. That is certainly one big let-off in the first place itself.

Nonetheless, we will have a whole 360-degree view of this mobile app, the kind of features it provides, positives and finally negatives of using this mobile app for your trading purposes.

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Religare Dynami Mobile App Features

  • As you install and open the application, you are required to provide valid credentials (username and password) to log in and start trading. The concern is, the application does not provide any guest login. In this competitive day and age, users have become much more cautious and intelligent where they prefer to have a demo of the app before going ahead into account opening. With no guest login, Religare securities is certainly missing a trick here.

Mobile App

  • Post login, you will be shown the current status of the market through different indices including Nifty, Sensex etc. along with top gainers and top losers of the day till that point in time. The feed timing is reasonable and the home page gives a standard display of information with no differentiation.

Mobile App

  • If you are looking to monitor few specific stocks or financial classes, you can add them to a watchlist. This mobile trading app allows you to create multiple watchlists within a single login. Furthermore, you can set up alerts and notifications on the stocks. When a specific stock hits a price you have set, the app notifies you through in-app notifications. Finally, you can personalize the market watch option and use it across different indices (NSE/BSE/ MCX etc).

Mobile App

  • Then, you can have a close eye on your current positions and holdings through this mobile app. Whatever stocks you have bought and sold and the corresponding profit/loss you have attained through these transactions will be displayed. Post any new trade, this tab will be automatically updated.

Mobile App

  • Like mentioned above, you can set different types of alerts in form of stock monetary movement as well as a specific percentage change in the stock value. Based on these alerts and notifications, you can also choose to place your order at the right time.

Mobile App

  • The app allows you to place different types of orders including After Market Orders (AMO).
  •  Once you have placed the order, you will be notified of the trade details through an SMS on your registered mobile number and an email at your registered email id. This is a very crucial piece of information and this, make sure your contact details stay updated with the broker at any point in time.

Mobile App

  • You can perform funds transfers through the mobile app itself. If you are looking to add funds into your trading account from your bank account, you can do so with more than 20 banks of the country.

Mobile App

This is how the mobile app stats look at the Google Play store:

Number of Installs50,000 - 100,000
Mobile App Size17.4 MB
Negative Ratings Percentage32.2%
Overall ReviewMobile App
Update Frequency3-4 weeks

 

 

Religare Dynami Mobile App Disadvantages

Here are some of the concerns of this mobile app:

  • There have been login related issues reported where the users are logged out of the application as soon as they log in. This is peculiarly a concerning issue and is a turn-off for regular traders.
  • The feed displayed can be delayed at times and can be ambiguous in nature.
  • The app has performance and speed related concerns as well.
  • No guest login offered.
  • Limited charting features allow you low opportunity to perform detailed technical and fundamental analysis.

Religare Dynami Mobile App Advantages

  • The Religare Dynami mobile app allows you to trade and invest in Commodity, Equity and currency.
  • Fund transfers between trading and bank accounts allowed through the mobile app.
  • Multiple market watch-lists allowed
  • Different types of order placements including AMO, Limit order, SL order etc allowed.