Punch Trade Launches Innovative Desktop Trading Platform for Investors
Punch Trade launches desktop trading platform
News 18
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Punch Trade, a deep discount broking platform based in Mumbai, India, has launched a new desktop trading platform aimed at active traders. The platform charges ₹1 (approximately $0.012 USD) per executed order and features advanced charting tools and one-click execution for various trading strategies.
- 01Punch Trade's desktop platform is designed for active intraday and options traders.
- 02The platform charges a flat fee of ₹1 per executed order across all trading segments.
- 03It features a user-friendly interface with advanced charting tools and multi-layout options.
- 04The company has received $10 million in seed funding and is registered with the Securities and Exchange Board of India.
- 05Punch Trade supports trading on the National Stock Exchange and Bombay Stock Exchange but does not offer commodities or mutual funds.
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Punch Trade, headquartered in Khar West, Mumbai, India, has introduced a new desktop trading platform tailored for active traders, including intraday and options traders. The platform charges ₹1 (approximately $0.012 USD) per executed order across all segments, making it an economical choice for users. Built as a web-based application, the platform allows traders to execute orders directly from the charts they are analyzing, featuring advanced tools like multi-layout charting and a Scalper toolkit for efficient trading. The platform supports various order types, including Market, Limit, and Stop Loss orders, and boasts an execution speed of 0.01 seconds with a 99.99% success rate. Punch Trade has secured $10 million in seed funding from notable investors and is registered with the Securities and Exchange Board of India. Currently, the platform facilitates trading on the National Stock Exchange and Bombay Stock Exchange but does not provide commodities, currency, mutual funds, or IPO applications.
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The new platform offers affordable trading options for active traders in India, potentially increasing market participation.
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