Wednesday 26 June 2019

5 Launches Options - X: India's Most Affordable Plan for Options Traders

By 121 News

Chandigarh 26th June:- India's most affordable discount broker 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. 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.

Prakarsh Gagdani, CEO, said that at 5 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., 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.

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