Loop Mobile introduced Mobile Trading in association with Destimoney Securities. Subscribers can now access live stock market feeds and also trade through their Loop Mobile phone while on the move. SMS ‘TRADING’ to 50505 (prepaid) / 50800 (postpaid).
Mobile Trading enables the subscriber to explore the real-time stock market access on their mobile handsets, anytime, anywhere. It provides the value-added information regarding scrip updates including real-time price, volumes, charts etc. and also enables the client to trade in various segments including Equity, Futures and Options including Currency Derivatives.
Subscribers interested in trading on mobile will be passed on to the Destimoney team for opening of Trading Account. Once the brokerage house opens a Demat & Trading account for the subscriber, the requisite user name and password to start trading through mobile will be sent to the user via SMS.
- [advt]Streaming of real time market data of various Scripts.
- Up-to-date information of different indices listed on the exchange.
- Real time quotes of individual scripts and various indices.
- Allows user to place buy/sell orders and also view the order status.
- Real time alerts on stock movement.
- Index and stock movements alerts on Mobile and/or email.
The user can easily configure and set-up Mobile Trading account once he registers. Security is ensured by authenticating the user every time he/she logs in.
How to use this service?
- Step 1: If you are a Prepaid subscriber send SMS “TRADING” to 50505, Postpaid subscriber need to send SMS ‘TRADING’ to 50800
- Step 2: You will receive the application download link and userid / password on SMS for viewing live quotes
- Step 3: On opening the link, a page with the download information will open. If you have a compatible handset, you can download and install the application.
- Step 4: A Destimoney relationship manager will contact you to open your trading account to enable trading on mobile.
Once you send the request for the service to the shortcode as per process mentioned above, a link to download the client is sent to your SMS Inbox. Once you open the link in the browser, you will be asked to download the application.
Once the installation is complete, use your one time registration userid and password sent to you via SMS, to login. For all subsequent logins, username will be your mobile number, and password will be letter L followed by your Mobile number. This login is valid only for viewing live quotes. To actually start trading, subscriber needs to open their trading account with Destimoney.
How to start trading on mobile?
The subscriber needs to open a POA based Trading Account and DP Account with Destimoney Securities. Once the account is opened, the client receives the Welcome Kit with Client Master List (Account Details), Delivery Instruction Booklet, Login Id and Passwords to enable him to start the trading.
What are the charges for this service?
- The application is being offered free of cost to the subscriber
- Regular brokerage charges will apply for trading
- As a promotional offer, no brokerage will be charged for the 1st month
- Subscriber type : Postpaid / Prepaid
Subscribing / Unsubscribing Loop Mobile Trading service
There is no subscription required for this service, as it is a one-time request for application. To download the application users need to sms TRADING to 50505 for Prepaid Subscribers (TOLL FREE) & TRADING to 50800 for Postpaid Subscribers (TOLL FREE).
The subscriber can delete the application at any point as it is presently not a subscription service.