Recently, Paytm’s wholly-owned subsidiary Paytm Money launched Futures & Options trading for all.
The objective is to empower the masses with F&O trading as a significant wealth management product.
Moreover, the F&O trading has received an overwhelming response exceeding 1 lakh requests for its Early Access Program.
The company has enabled users with the lowest brokerage at Rs.10 for F&O in sync with its intraday charges of Rs.10.
Currently, trading is live on the Paytm Money app & website for everyone to have access to it.
According to the company, the pricing distribution aims to benefit both experienced and first time traders to trade in F&O.
This involves a best-in-class product, on their smart phone along with a secure environment.
Further, this platform includes smooth UI and easy onboarding making F&O trading accessible and feasible for every Indian.
During the early access program, tier-III and tier-IV were mostly interested in the F&O trade.
Interest in wealth products in the user base below the age of 30 and women investors have also increased.
It strives to make hassle free trading for all Indians irrespective of seasoned traders or new to market investors.
Hence, this is done by providing them the flexibility to invest and trade through both the app and its website.
Post it’s early access launch in January, more than 1 lakh users were granted access during first few weeks of F&O.
Patna, Kota, and Guntur are among the smaller cities showing major interest in F&O.
Moving forward, Paytm Money plans to become India’s most comprehensive & top digital wealth management platform.
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