pennews
www.pennews.net
 5 Paisa.com launches brokerage plan for Options trading
Business

5 Paisa.com launches brokerage plan for Options trading

Agency News

New Delhi, Jun 17 : Discount broker 5Paisa.com on Monday announced the launch of Options – X, brokerage plan for Options Trading, which allows customers to effectively capitalise 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," said 5 Paisa.com CEO Prakarsh Gagdani in a statement.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.

"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," he further added.
(UNI)