Varun Sridhar, CEO - Paytm Money said, the pricing of Rs 10 flat per order without any contracts or commitments brings the overall cost of trading significantly lower and makes it super transparent.
MUMBAI, Feb 17 (The CONNECT) - Homegrown digital financial services platform Paytm today announced that its wholly-owned subsidiary Paytm Money has opened Futures & Options trading for all it received an overwhelming response with over one lakh requests for its Early Access Programme. Trading is now live on the Paytm Money app & website for all.
The company said that it has enabled users with the lowest and most competitive brokerage at Rs. 10 for F&O, which is in line with its intraday charges of Rs.10, and zero for delivery. The pricing disruption will benefit experienced as well as first-time traders to seamlessly trade in futures & options with a best-in-class product, on their mobile and in a secure environment. The F&O platform has seamless UI and easy onboarding that makes F&O trading accessible and feasible for every Indian.
Paytm Money said that during the Early Access Program the company witnessed massive interest coming from tier-III, tier-IV towns. It has also seen a rise in interest in wealth products in the user base below the age of 30 and women investors. Paytm Money aims at simplifying stock trading for all Indians, be it seasoned traders or new-to-market investors by offering them the flexibility to invest and trade via both the app and its website.
Varun Sridhar, CEO - Paytm Money said, the pricing of Rs 10 flat per order without any contracts or commitments brings the overall cost of trading significantly lower and makes it super transparent. With this, Paytm Money is taking one step further to become India’s most comprehensive & top digital wealth management platform.
F&O Trading in India is a highly competitive arena that hosts a number of old and young players. This widespread adoption of F&O Trading on Paytm Money in such a short span holds considerable significance for us and indicates recognition towards our efforts to democratize digital trading for every Indian. Along with simplified trading in the futures and options segment, the platform offers ample opportunities to the user to research the markets, explore market movers, create customizable watchlists, and set price alerts for as many as 50 stocks.
Also, with the built-in Brokerage Calculator, the investor can discover the transaction charges & know the exact breakeven price to sell stocks profitably. Besides, the Advanced Charts and other options like Cover Order & Bracket Order have been added to make the stock trading experience more rewarding. All this and a lot more would be available with absolute data privacy to keep investors’ personal data safe with bank-level security. Apart from this, the company is planning to come up with more value-adding features and intends to launch a few more exciting products on its platform very soon.