5Paisa.com ventures in option trading, currency and commodity segments to come soon
It will allow the customers to effectively capitalize on market opportunities
Several individuals partake the step of making investments to get returns that will double their funds. One of the most versatile tool of investment is Option trading wherein the investor gets the benefit of flexibility under their wing, which allows one to leverage one's position and boost returns. One can also utilise the risks attached to sail through the market and garner profit. However, options trading carries a substantial amount of risk and hence is very speculative in its construct.
The country's most affordable discount broker 5Paisa.com recently launched Options-X which will be India's lowest costing exclusive brokerage plan for Options Trading. It will allow the customers to effectively capitalize on market opportunities with higher exposure.
With the Options –X, customers will now be able to benefit from 5x exposure on 5Paise.com's platform for options trading on all days. Additionally, there will be 10x exposure on options trading on expiry days. To avail access to options trading on 5.Paisa.com, the individual will be asked to pay a flat rs 2 per lot, which is the lowest in the industry.
The scheme is available for intraday options trading in equity. It will also witness an addition for currency and commodity segments soon.
Commenting on the latest development, Prakarsh Gagdani, CEO, 5Paisa.com, said, “At 5 Paisa.com we always focus on the lowest cost and best technologies to enable customers to meet their desired goals. Options traders prefer our platform for lighting fast speed and no downtime. With Options – X we expect at least 100% growth in customers in the current year.”
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: 3 easy-to-apply rules to learn how Rs 3 lakh lump-sum investment grows at a given rate of return over time
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
'Diwali Offer' Stocks by Anil Singhvi: These 2 largecap, 1 smallcap scrips can give up to 70% return - Check targets
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
10:59 AM IST