Trading apps vs desktop platforms: Which is better for you?

Online trading in Indiabeganin 2000 when the National Stock Exchange (NSE) provided internet-based trading services to its members. This development made it possible for individuals to trade, watch market trends, and manage portfolios directly from their personal devices. There is no longer any dependence on physical brokers, time-consuming paperwork, or slow telephone instructions.

Technology has put more control and convenience in the hands of traders. The two most common ways to trade today are through trading apps and desktop platforms. Both have changed how people connect with the financial markets. However, when it comes to choosing between the two, which option actually aligns with your trading style and goals? Let’s find out.

What are trading apps?

Trading apps are mobile applications that let you purchase and sell securities from your smartphone or tablet. You just have to download the app from an app store, log in, and manage your trades from any location. A reliable trading appgenerally offers user-friendly navigation, live market updates, helpfulcharting tools, smart notifications, and account management features.

What are desktop platforms?

Desktop trading platforms are software programs that you install on your computer. They give you a focused environment for trading, with advanced features such as in-depth charting, multi-monitor support, various order types, powerful indicators, and customisable dashboards.

How does a trading app benefit you?

The advantages of using a trading app include:

Trade on the go: You can trade from anywhere, whether at home, in the office, or when travelling, with just a smartphone and internet connection.
Real-time market data: Receive instant updates, price alerts, and notifications to keep track of market movements and portfolio performance.
User-friendly interface: Most apps provide uncluttered layouts, straightforward navigation, and a simplified user experience. Even if you are trading for the first time, you can easily locate and use the essential features without difficulty.
Instant order execution: Place market, limit, or stop orders within seconds, which minimises the risk of missing out on opportunities.
Powerful research tools: Access charts, technical indicators, smart screeners, and expert research reports directly within the app.
High security: Robust encryption, biometric access, OTP-based logins, and app-specific PINs work together to protect your personal information and trading activity.

How does desktop trading benefit you?

Advanced tools and analytics: Access sophisticated charting, technical indicators, and premium research tools usefulfor extensivemarket analysis.
Multi-window and multi-monitor support: Utilise expanded screen space to track different types of assets, follownews, and conduct research simultaneously.
High performance and stability: Desktop platforms usually have the capacity to handle large volumes of data and trades efficiently, with minimal risk of lag or crashes.
Sophisticated order types: Use a range of order types to try varied andcomplex trading approaches.
Integrated tools: Most desktop platforms let you link third-party tools and software with minimal steps to help you add new features or personalise how you trade.

Trading app or desktop platform: Which one should you go for?

Remember, the “best” platform for trading is the one that makes it easier to make confident decisions and carry out your strategies effectively. Whether you like the ease and mobility of a trading app, the advanced capabilities of a desktop platform, or a combination, staying updated, continually learning about the markets, and adapting your approach will always matter.

If you want a platform that combines mobility with advanced features, MO Riise offers just that. Backed by the reputed legacy of Motilal Oswal, a SEBI-registered public entity, 40 lakh+ traders already use the app. With benefits like TradingView integration, multiple order types, unlimited order placement, and ultra-fast order execution, it is built to support modern traders. Access StoCoMo, an in-app community of traders, video tutorials, an information-rich FAQ section, and 24/7 assistance that enhance your trading experience even more.

Open your demat account on MO Riise today and simplify your trading journey!