Cashcow is a recently established discount broking trading mobile app in India and has its headquarters in Mumbai. Its a discount arm of LKP Securities, a veteran full-service stockbroker. The comes with some unique propositions including zero brokerage, free demat account opening charges etc. However, users must look at other factors involved and not just get attracted by low pricing of the brokerage houses. Using this mobile trading app, you can trade and invest in multiple segments, including:
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Furthermore, the app is available in three different languages – English, Hindi and Gujarati and users can trade and invest using this mobile app in their preferred language.
Since Cashcow is an arm of LKP Securities, they provide their clients with research reports, tips and recommendations on a regular basis through the mobile app. Now, let’s talk about some of the features provided in this application:
Here are the details on the different features provided by this discount broking mobile trading app:
This is how Cashcow mobile app currently rated at Google Play Store:
In order to use this mobile trading app, you are not required to provide any charges for the demat account (and so is the case with brokerage charges). To perform your trading, you can directly link your trading account with your bank account within the mobile app itself.
Furthermore, the annual maintenance charges (AMC) of using this mobile trading app are also free.
“Users looking to enter the stock market (read beginners) will find this app pretty useful. Since demat account opening and brokerage is free, entering into trading space becomes much easier using this mobile application. And not much to lose, such users can try using the research and tips provided in the app into their trades.
Yes, there will be a point when the app will seem to be a limited product in nature but until that point, users can continue using this application as a learning experience.
Post that, users may choose to move to some other stockbroker offering reasonable trading platforms.”
Here are the complete details around the membership information of Cashcow (under LKP Securities) with different regulatory bodies of the stock market: