5 Paisa.com Launches Options – X, India’s Most Affordable Plan for Options Traders

5 Paisa.com Launches Options – X, India’s Most Affordable Plan for Options Traders

India’s most affordable discount broker 5Paisa.com has today, announced the launch of  Options – X, India’s lowest cost exclusive brokerage plan for Options Trading, which allows customers to effectively capitalize on market opportunities with higher exposure.

5Paisa.com app, has close to 30 lac users, and through Options –X customers will be able to enjoy 5x exposure for options trading on all days, and 10x exposure for options trading on expiry days. In order to use Options – X, customers will need to pay a flat fee of Rs 2/lot, the lowest in the industry. The scheme is applicable for intraday options trading in equity and will be soon added for currency and commodity segments as well.

“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,” said Prakarsh Gagdani, CEO, 5Paisa.com

5Paisa.com, which is the only listed discount broker in India with a daily average turnover of about Rs 25,000 crores achieved 185% growth on customer acquisition in the quarter ended March 2019. It has grown its market share to 2.4% in the cash segment and 1.9% overall in just about three years of its operations.

About 5Paisa.com

5Paisa.com is registered with SEBI as a stockbroker, depository participant, and research analyst, and with AMFI as a mutual fund distributor. Its services are targeted at retail investors and high volume traders who actively invest and trade in securities markets and seek DIY (Do-it-Yourself) services at a low cost. 5Paisa.com is not only a discount broker, but also offers other financial products like mutual funds, insurance and personal loans. It is engaged in providing financial products through its online technology platform and mobile application. 

The Company provides an online technology platform to clients through internet terminals and mobile applications for trading in securities in NSE and BSE; advisory services through the research undertaken by a team of fundamental and technical research analysts; and depository related services as part of its integrated services offering.

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