support@fundsmultiply

Nirmal Bang Mobile App Review – Trading Platforms in India

Nirmal Bang Mobile App

Mobile App

Nirmal Bang Mobile App Overview

Nirmal Bang is known for reasonable research quality as a full-service stockbroker, but when it comes to trading platforms, it has quite a bit to work upon. The full-service broker offers a mobile trading app titled Beyond. With this mobile app, you can trade across different segments including Equity, Commodity, Currency, Derivatives etc. Apart from the mobile app, there are other trading applications offered by the broker and users can opt as per their preferences.

With limited update frequency, the mobile app suffers from quite a few concerns. The broker has, however, improved its updated cycle in the recent past but there are still a reasonable number of areas that need immediate attention.

In this review, let’s talk about different features, their user-flows, merits and demerits and understand whether this mobile app is suitable for your trading use or not.

Nirmal Bang Mobile App Features

  • Once you have downloaded this mobile app from Nirmal Bang, you will be required to enter valid login credentials. You need to enter a user id and password before accessing the mobile trading app.

Mobile App

  • As shown in the screenshot below, you can use the following features in the Nirmal Bang Mobile app including Market movements, news, margin and option calculators, branch locator, buy/sell, charting etc.

Mobile App

  • For a quick current understanding of the market, you can view the top gainers, losers, active stocks of the day with the current stock price and corresponding monetary movement (positive and negative).

Mobile App

  • You can tap on a specific index as shown above, and once you do that, you will be able to view different stocks listed within that particular index. This list, apart from naming the stocks, mentions the current stock price, corresponding movement at monetary and percentage levels.

Mobile App

  • Then you can view the position of a specific stock by tapping or by searching the stock; in this view, you will be able to know the open, low, high, close price along with few other important metrics that can quickly give you an idea of the stock’s performance.

Mobile App

  • If you are looking to perform technical or fundamental analysis using the charting functionality, you can use some of the basic charts provided in the application. The charts are relatively difficult to use with a limited room of improvisation.

Mobile App

  • Furthermore, within the charting functionality, there are three types of bars you can use including Candle, Line and area, to go along with time duration variance of 1 day (Intraday) up to 20 years at maximum. This is important for different types of users i.e. long-term investor, intraday quick traders etc.

Mobile App

  • Its always adviced to have a glance at the business news before making any investment in the stock market. The Nirmal Bang mobile app provides a quick way to access the latest stock market news headlines and corresponding details across different sectors and industries.

Mobile App

  • Once you tap into any of the news in the list (see screen above), the block widens up and provides a detailed view of the news with complete information.

Mobile App

  • You can also view the closest sub-broker branch or franchise location using the mobile app. This functionality, however, could have been designed in a much better way where the app could directly point you the closest location to your current place. However, in this flow, you can just enter specific city/town to view the branch around that area.

Mobile App

  • The user can set up notifications and alerts as per preferences and correspondingly user is notified.

Mobile App

The number of features in this Nirmal Bang Mobile App, as you can observe, are relatively limited in nature. Thus, if you are a medium to a heavy level trader, you might find this app to be pretty basic for usage.

This is how the Beyond mobile app is rated at the Google Play Store:

Number of Installs10,000 - 50,000
Mobile App Size19.4 MB
Negative Ratings Percentage28.6%
Overall ReviewMobile App
Update Frequency7-8 weeks

 

 

Nirmal Bang Mobile App Advantages

Here are some of the merits of using this Nirmal Bang mobile app:

  • The Beyond mobile app allows you to trade and invest in multiple segments including cash, currency, commodity, derivative etc.
  • The overall look and feel or design of the mobile app are done well, making the overall usability high.
  • The Nirmal bang mobile app is available across Android and iOS platforms.
  • Since Nirmal bang is a full-service stockbroker, you get access to research reports, tips and recommendations within the mobile app.
  • The mobile app allows easy fund transfers between trading and bank accounts.

Nirmal Bang Mobile App Disadvantages

  • With a limited number of features, the app provides basic trading experience to heavy traders and investors.
  • Basic issues with setting up the password, remember the password and reset password functionality.
  • User notification feature cannot be customized or personalized.
  • The charting functionality is pretty slow in speed and faces performance concerns.