Paytm Money opens F&O buying and selling for all at Rs 10, receives over 1 lakh early entry requests

Image Source : PTI Paytm Money opens F&O buying and selling for all at Rs 10, receives over 1 lakh early entry requests
India’s homegrown digital monetary companies platform Paytm on Thursday introduced that its wholly-owned subsidiary Paytm Money has opened Futures & Options buying and selling for all. It goals to empower the plenty with F&O buying and selling as an vital wealth administration product.

The firm stated that it obtained an amazing response for F&O buying and selling on its platform with over 1 lakh requests for its Early Access Program. Trading is now stay on the Paytm Money app and web site for all.

The firm stated that it has enabled customers with the bottom and best brokerage at Rs 10 for F&O, which is in step with its intraday prices of Rs 10, and 0 for supply. The pricing disruption will profit skilled in addition to first-time merchants to seamlessly commerce in futures & choices with a best-in-class product, on their cellular and in a safe atmosphere. The F&O platform has seamless UI and straightforward onboarding that makes F&O buying and selling accessible and possible for each Indian.

Paytm Money stated that throughout the Early Access Program the corporate witnessed large curiosity coming from tier-III, tier-IV, and the remainder of India cities in F&O commerce. It has additionally seen an increase in curiosity in wealth merchandise within the person base under the age of 30 and ladies traders. Paytm Money goals at simplifying inventory buying and selling for all Indians, be it seasoned merchants or new to a market traders by providing them the pliability to take a position and commerce through each the app and its web site.

Varun Sridhar, CEO – Paytm Money stated, “We are delighted to share that more than 1 lakh users were granted access during the first few weeks of the F&O early access phase in January after its early access launch. The platform witnessed greater adoption by users from Tier 1 cities such as Mumbai, Delhi, Pune, Hyderabad, and Kolkata. Amongst the smaller cities that showed maximum interest were Patna, Kota, and Guntur. Additionally, more than 50 per cent of users belonged to the age group of 20-30 years. Our 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 extremely aggressive area that hosts quite a lot of young and old gamers. This widespread adoption of F&O Trading on Paytm Money in such a brief span holds appreciable significance for us and signifies recognition in direction of our efforts to democratise digital buying and selling for each Indian. Along with simplified buying and selling within the futures and choices phase, the platform gives ample alternatives to the person to analysis the markets, discover market movers, create customizable watchlists, and set worth alerts for as many as 50 shares.

Also, with the built-in Brokerage Calculator, the investor can uncover the transaction prices & know the precise breakeven worth to promote shares profitably. Besides, the Advanced Charts and different choices like Cover Order & Bracket Order have been added to make the inventory buying and selling expertise extra rewarding. All this and much more could be obtainable with absolute information privateness to maintain traders’ private information protected with bank-level safety. Apart from this, the corporate is planning to provide you with extra value-adding options and intends to launch a number of extra thrilling merchandise on its platform very quickly.

Paytm Money is a wholly-owned subsidiary of One97 Communications that owns and operates Paytm. It is the most important on-line funding platform within the nation, and has now added F&O to its present choices of Stocks, ETF, IPO, Digital Gold, Direct Mutual Funds & NPS for its customers.

It goals to turn into a full-stack funding and wealth administration platform and convey wealth creation alternatives to thousands and thousands of Indians. Headquartered and working from Bengaluru, the workforce is 300+ members robust.
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