Nirmal Bang Mobile Trading

Nirmal Bang Mobile trading is carried out through Nirmal Bang Beyond mobile App which is one of the well-designed mobile trading apps and is known for its look and feel. The app is well-suited to beginner to intermediate level traders.

In this review, we will have a detailed look at the different features the app has to offer along with some of the pros and cons of using this mobile app for your stock market trades.

Nirmal Bang Mobile Trading Review

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 Nirmal Bang Mobile Trading 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 Nirmal Bang Mobile Trading app is suitable for your trading use or not.

Nirmal Bang Mobile Trading Features

Here are is a look at the different features this mobile app provides to its users:

• 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.

Here it is important to note that you must have Nirmal Bang Demat Account to access the trading app.

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

• 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).

• 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.

• 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.

• 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.

• 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.

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

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

• 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 a specific city/town to view the branch around that area.

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

The number of features in this Nirmal Bang Mobile trading 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:

 

Nirmal Bang Mobile Trading Advantages

Here are some of the merits of using this Nirmal Bang mobile trading  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 for 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 Trading Disadvantages

Here are some of the concerns if you go ahead and use this Nirmal Bang mobile trading app:

• 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.

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