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Kotak Stock Trader – Mobile App Review

Kotak Stock Trader

Kotak Stock Trader

Kotak Stock Trader Introduction

Kotak Securities offers decent trading applications across devices and the mobile app Kotak Stock Trader definitely lies in line with that proposition. The mobile app is pretty exhaustive in nature with different research tips, good enough resources for user education on basics of trading and investing, varied technical and fundamental analysis features as well as from user experience point of view.

Users can trade across Equity, Currency and Derivative segments using this mobile application from Kotak Securities.

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Kotak Stock Trader Features

  • As the user logs into the application, the dashboard screen gives a quick idea of the market dynamics with information on Nifty and Sensex exchanges (can be changed) to go along with market gainers and losers for the day.

Mobile App

  • The mobile app provides multiple features to users along with easy navigation, thus, offering decent usability in its usage.

Mobile App

  • Quick help available with a Radial scroller at the right part of the screen so that user may quickly switch across different features. All this helps to provide optimal trading experience to the users.

Mobile App

  • In-built integration with Bloomberg TV within the mobile application to get a detailed understanding of the financial experts of the media house.

Mobile App

  • At the same time, Kotak Stock Trader mobile app provides the charting feature with option to toggle to a range as back as 2005 for fundamental analysis and for a span of few minutes/hours/days for quick technical analysis.

Mobile App

  • For users beginning their journey in the stock market, the app provides a ‘Knowledge Bank’ wherein basics and fundamentals of trading and investing are explained in a very simplistic manner.

Mobile App

  • Users can create 3 watchlists within the mobile app with a provision to add up to 50 scrips in every watchlist.

Mobile App

  • Users get access to News coming from Domestic and Global stock markets at both macro as well as micro-economics levels with a feed coming from Economic times, Money control etc.

Mobile App

 

Here are the stats from Google Play Store for Kotak Stock Trader mobile app:

Number of Installs100,000 - 500,000
Mobile App Size16 MB
Negative Ratings Percentage17.4%
Overall ReviewMobile App
Update Frequency7-8 weeks

 

Kotak Stock Trader Disadvantages

Here are some of the concerns you might face while using this mobile trading application:

  • The mobile app was last updated on December 2016 and it has been more than 6 months that this app has seen an update. This is definitely a big concern, especially, coming from a brand such as Kotak Securities.
  • Since the customer care of Kotak Securities is average, the concerns raised around the mobile app have a good lag and high turnaround time.
  • Multiple performance related concerns have been rated irrespective of the internet speed you are using the mobile app on.

Kotak Stock Trader Advantages

At the same time, this mobile app from Kotak Securities offers the following advantages:

  • Research reports and tips available for users to access and place trades accordingly.
  • Kotak Stock Trader is available on Android, Apple iOS, Blackberry, Java and Windows operating systems.
  • Different security layers including AES-128 bit encryption added to the mobile app provide a reliable trading experience to users.