An Overview of Kotak Security Trading App

Kotak Securities, founded in 1994, is a subsidiary of Kotak Mahindra Bank and a member of the Kotak Group. The firm is a full-service stock broker that provides a variety of trading and investment services. Kotak security offers various trading platforms. The most used trading platform offered is the application Stock Trader.

This trading app is easily available at the app stores for downloading and installation on a device. It allows you to track investments and market, buy and trade from anywhere at any point in time. With additional features, you will be able to receive notifications about your purchases and orders.

These certain features of the trading platform make it user-friendly and beneficial. These features help in the easy navigation of the trading application.

• Online Trading- The application enables online trading. Live tracking of the market is possible. The stop loss and trigger price options are easy to navigate and all at the same place. A large portion of users mainly downloads this app with the intention of trading in shares. It offers a simple and efficient method of investing in stocks.
• Watchlist- The default screen of the application is the watchlist page. The watchlist enables the investor to add the stocks they want to keep an eye on for their orders. Watchlists should be segregated according to the type of trading or the kind of industry. There is no limit to the number of watchlists a user can add.
• Advanced Graph and Charts Option- The Advanced Graph and charts option of any stock presents the performance and the price variations of the stock over some time. This can be used for a correct analysis before deciding on a purchase. An option chain is also available when we click on the index of the stocks.
• Research- The research tab available in the trading application enables users to access expert-compiled research about the stocks and their performance. All of this research can be used for making decisions about potential interest and market growth.
• Security- Security is an important feature that should be kept in mind while trading and transferring money from and to the bank account. There is a biometric or fingerprint login required for the authentication of the person.

Additional important features that make the application upstanding are the alerts, notifications, and advanced order options available. It is the basket or multiple orders. Basket orders are a feature that enables you to place multiple orders at once. You can use this feature to place orders for multiple scrips at the same time. You simply create multiple orders for the same or different securities and group these orders together to be placed in a single transaction when creating a basket.

How to create a Demat account on the Kotak Trading application?

To start using the Kotak Securities Trading App, you need to open a Demat or a dematerialized account with Kotak securities:

• To open an account, you need to click on the button on the website platform that says “Open Demat Account.
• After that, you are required to fill in the personal details and verify them.
• You will then require to undergo authentication through a phone call.
• Then you will be given a link to open an online account.
• You will go through the online account opening procedure.
• It will take one day to open the account.
• Then, within a few hours of opening your account, you will receive an email with your client id and password.
• This ID and password are required to access your Kotak Stock Trader App.