Punch Trade By Market Pulse Review: All You Need to Know

If you are looking for a platform that simplifies options trading, then Punch may be just what you need. Punch was launched by Market Pulse Securities, a SEBI-registered broker, in 2022. 

The stock-broking platform is making waves in the trading world as a single-screen options trading app. It is designed to cater to the needs of new traders on the go. It is an innovative new take on mobile trading, with a user-friendly, single-screen interface that allows for quick and efficient trading.

Not sure if Punch Trade is the trading platform for you? Don’t worry! This article will give you an honest review, covering its features, offerings, charges, pros & cons and more. 

Overview of Punch Trade

The Punch Trade app is built on the strong foundation of Market Pulse, a well-trusted charting tool with over 10 lakh downloads and 500k monthly active users. With its focus on options trading, it aims to simplify the stock market experience.

Even though it is fairly new in the brokerage game, its innovation makes it noteworthy. Recently, it even raised around $7 million (₹58 crore) in seed funding from:

• Stellaris Venture Partners 
• Susquehanna Asia VC
• Prime Venture Partners
• Innoven Capital

Additionally, angel investors, including Kunal Shah (founder of Cred), Vatsal Singhal (co-founder of Ultrahuman), and Nitish Mittersain (founder of Nazara Technologies) also participated in the funding round. 

It provides risk management tools and a competitive fee structure, including zero account opening fees and a flat ₹20 brokerage per trade for options trading. If you are new to investing, then Punch may be a good fit for you.

Features of Punch

Here are the key differentiators of Punch:

• Single-Screen Trading Interface: Options trades can be executed directly from the spot chart with access to the order book, positions, indicators, option data, and profit/loss all in one view. 
• One-Tap Protection Tool: Manage risk effectively by setting stop-loss and target orders in just two taps.
• SmartSL: Receive stop-loss and target value recommendations tailored to your risk profile and position size.
• Customisable Widgets: Easy 1-swipe access to real-time data like Open Interest, Futures prices, Put-Call Ratio (PCR), top traded strikes, IndiaVIX (Volatility Index), etc.
• One-Tap Entry/Exit: Trade directly from the chart in a single tap.
• Personalisation: Choose how you view your option data as per your preferences.
• Practice Mode: Evaluate the full app experience for free, test out its features and then determine if the app is for you.
• Dual Charts: View spot and option price charts in split-screen mode on your mobile for easy analysis.
• Competitive Pricing: ₹0 account opening and Annual Maintenance Charges (AMC) and a flat brokerage fee.

In other words:

1. Easy and fast
2. Safety first
3. Mobile first
4. User friendly
5. Highly customisable

Products Offered by Punch

1. Index Options: It provides access to a platform tailored for trading in index options on NSE and BSE, allowing users to execute trades quickly and efficiently.
2. Stock Options: Allows users to trade in 35 stock options available on the NSE, with plans to add more in the future. It consolidates all necessary trading information on a single screen, making it easier to make informed decisions.
3. Equity Trading (Coming Soon): It is set to launch stock trading soon, enabling users to buy and sell shares of listed companies directly. This step would allow users to manage both options and stock investments in one place.

Platforms Offered by Punch 

Punch is a mobile application available for free on the Google Play Store and App Store. It is a mobile-only app made for on-the-go traders, providing fast and efficient trading directly via smartphones.

Pros and Cons of Punch
Pros

1. Designed to make options trading easy for beginners in the stock market
2. Makes execution faster by combining charts, positions and orders in one convenient view
3. Built-in protection tools reduce losses by managing risk effectively
4. Easily navigation simplifies the trading process
5. Has a solid technological foundation as it is developed by the creators of Market Pulse

Cons 

1. Lacks tools that cater to seasoned investors, focusing mainly on novice traders
2. Limited product range with only stock and indices trading 
3. The built-in protection tool may keep traders from building risk assessment skills

Fees and Charges 

Punch offers a very cost-effective brokerage structure, with ₹0 account opening and Annual Maintenance Charges (AMC). Here is its pricing structure:

Options Trading	₹20 per executed order
Call and Trade	₹50
Equity Trading	N/A
Futures Trading	N/A

Brokerage charges are applicable for Index Options, Stock Options, and Stocks on NSE and BSE exchanges. Additionally, regulatory charges like SEBI fees, exchange turnover charges, IPFT, STT, stamp duty, and 18% GST are applicable for all F&O trades. 

Our Verdict

Punch by Market Pulse is an innovative new addition to options trading. It's a user-friendly platform that focuses on the needs of new investors. Punch makes the trading experience simple with its single-screen interface and risk management tools. Its competitive fee structure with no hidden charges adds to its appeal.

It is well suited to traders seeking to gain experience in the stock market. However, its product offerings are limited and focused only on options. Additionally, it does not offer many advanced tools, making it unsuitable for seasoned investors.

In the end, the decision is yours. Weigh the pros and cons of trading with Punch and try out its practice mode before you make a choice. 
If you want to open a Demat account, you can visit Finology Select and compare the features, pros and cons, product offerings, brokerage charges and more of over 20 different brokers.