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| Best Trading Platform for option Trading in India 2024 |
What is Option Trading?
Options are a Contract, in which 2 parties ie, Buyers and sellers buy or sell an underlying asset at a specified price within a particular period of time. It's a derivative instrument that gives option buyers the right but not an obligation.
Factors Effecting the Successful Option Trading
Software UI
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| softwares User interface for option Trading |
This is the first thing you need to consider while we are looking for the best platform for option trading. If a softwares User interface is the best then it will be much easier for the faster order placement.
Best Mobile platform
With the Web platform, The broker should have the best Mobile platform too. Both should work proportional. This is because, while watching the charts in the system, orders can be quickly placed using your Mobile app and modify in a faster way if you are away from the main system.
Charts Price updates
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| chart price in the real time market Upstox |
This a another factor to be considered because if you face delay in the chart price in the real time market. This will effect the entry and exit of the orders. Which will further reduce the profits.
Brokerage Trading fees
Trading charges are also very important because if trading charges are more it will effect your profits. So we have to keep it limited.
You May Also Like To read our Previous Post About " Is it good to start Trading as a Student in India?"
Top 3 Best Trading platform for Option Trading
1) Upstox : Join For Free
Upstox is the best Trading Platform/Broker for Option trading in India. This is because of the faster software interface and easy access to option chain and trade directly from that. Below are the Main Features of Upstox for Trading options.
- Faster loading Charts
- Trade Directly from Option chain
- Free Sensibull Mobile Access
- Low brokerage fees
- Free account opening in just 5 minutes
2) Zerodha: Join For Free
Zerodha is the second Trading platform which is good for Option Trading. There are Many free features on Zerodha which makes the Trading easier and more profitable.
- Faster loading charts
- Free Streak live Scanner access
- Free Sensibull strategy builder access
- Free Account Opening
- Low brokerage fees
3) Fyers: Join For Free
This our last and third best Trading Platform for option because of the low trading fees and trade directly from Tradingview platform.
- Free Account Opening process in just 5 min.
- NRI account opening for low cost
- Trade Directly from the Trading view platform.
- Faster loading charts.
Conclusion
So we have seen the Top 3 Free Trading platform which is best for Option trading in India on 2024. Above given are the major features on each trading platform which helps your option Trading more profitable and manage Risks. You may like to Join our Free Telegram group for live Option Trading suggestions if you are interested.