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Punch Trade (SEBI Registration: INZ000300936), operated by Market Pulse Securities Pvt. Ltd., offers pro-grade charting and execution for active equity and F&O traders on NSE and BSE — at a flat Rs.1 per executed order across all segments. The platform runs a proprietary charting engine with 100+ technical indicators, trade-from-chart execution, and multi-layout charting on both mobile and web. Account opening and demat maintenance are Rs.0. Punch Trade does not yet support commodities, currency, or mutual fund trading.
If you are evaluating discount brokers, read our detailed Punch Trade vs Zerodha comparison covering brokerage charges, charting platforms, and account costs.

Background
Background

Year of Incorporation 2021 (Market Pulse Securities Pvt. Ltd.)
Website https://www.punch.trade/
Phone +91-7948222271
Exchanges enabled BSE, NSE
Demat (NSDL/CDSL) CDSL
Brokerage
Brokerage

Equity Rs 1 per executed order (or 0.10%, whichever is lower)
Equity Futures Rs 1 per executed order (or 0.10%, whichever is lower)
Equity Options Rs 1 per executed order (or 0.10%, whichever is lower)
Currency Futures Not supported
Currency Options Not supported
Commodity Not supported

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Account Opening Costs
Account Opening Costs

Trading only 0 (Free)
Trading & Demat 0 (Free)
Commodity Not applicable
Transparency Cost
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% of Turnover
Futures 0.0019% of Turnover
Options 0.05% of Turnover
Commodities Not applicable.
AMC charge Rs 0 (no AMC)
DP Transaction Charge Rs 3.5 per debit transaction (CDSL charges)
Offline order placing Charge Rs 50 incl. GST (Call & Trade)
Platforms
Platforms

Software Software yes
Web/HTML 5 web yes
Mobile mobile yes
Charting
Charting

Intraday 7 Days
End of Day 5 Years
Coding/Backtesting Coding no
Reporting
Reporting

Online Trade Reports Online Trade Reports yes
Online PNL Reports Online PNL Reports yes
Online Contract Notes Online Contract Notes yes
Margins
Margins

Leverage Provided

Equity 1x on Delivery & upto 5x on Intraday
Equity Futures 1x (exchange margin only)
Equity Options 1x (exchange margin only)
Currency Futures Not applicable
Currency Options Not applicable
Commodity Not applicable
Support
Support & Tools

Research & Tips Research no
Brokerage Calculator Brokerage Calculator no
Margin Calculator Brokerage Calculator no
Bracket orders Bracket orders no
Trailing Stoploss Bracket orders yes
Training & Education Training no
Convenience
Convenience

3 in 1 Account 3 in 1 Account No
Instant Fund withdrawal Instant Fund withdrawal No
Relationship Managers Relationship Managers No
Financial Health
Financial Health

Equity & Commodity Consolidated
Look for brokerages with higher profit, low debt, and a higher profit to equity ratio, which will indicate profitability based on capital deployed, and a balance sheet size of at least Rs 50 crore. If a broker is in financial trouble, it will start showing up on his balance sheet.

Profit after Tax FY11/12 Not Available
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Profit to Equity(%) FY11/12 Not Available
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Balance Sheet Size FY24/25 Not Available

Frequently Asked Questions

What is the equity intraday brokerage charge of Punch Trade ?

Punch Trade charges ₹1 per executed order for equity intraday trades. The effective cost including 18% GST is ₹1.18 per order. A percentage cap of 0.10% of trade value applies, with the lower of ₹1 or 0.10% being charged. This rate is uniform — the same ₹1 per order applies to equity delivery, futures, and options as well. No additional platform fees or subscription charges apply.

What is delivery brokerage charge of Punch Trade?

Punch Trade charges Rs. 1 per executed order for equity delivery trades (or 0.10% of trade value, whichever is lower), with an effective cost of Rs. 1.18 including GST. There is no separate pricing tier for delivery — the Rs. 1 rate is the same across all segments. In addition to brokerage, a DP transaction charge of Rs. 3.50 + 18% GST per order applies on delivery sell transactions, which is a standard CDSL depository charge.

What is the options brokerage charge of Punch Trade?

Punch Trade charges a flat Rs. 1 per executed order for options trades — both index options (Nifty, BankNifty, Sensex) and stock options. The effective cost including GST is Rs. 1.18 per order. The platform supports options analysis tools including a full option chain with Greeks (Delta, Gamma, Theta, Vega), open interest histograms, and the ability to plot call/put premiums on the spot price chart.

What is dp charge of Punch Trade?

Punch Trade's DP (Depository Participant) charge is Rs. 3.50 + 18% GST per debit transaction on equity delivery sells. The demat account is held with CDSL (DP Registration: IN-DP-686-2022, DP ID: 12095300). Pledge creation and closure charges are Rs. 12 + 18% GST per request. There is no annual maintenance charge (AMC) on the demat account — it is Rs. 0 for life.

Does this Punch Trade charges fixed brokerage?

Yes. Punch Trade charges a fixed flat brokerage of Rs. 1 per executed order across all supported segments — equity delivery, equity intraday, futures, and options. There are no tiered pricing plans, no subscription fees, and no promotional periods on this rate. The only variable is the 0.10% cap: if 0.10% of trade value is less than Rs. 1, the lower amount applies. Account opening is Rs. 0 and annual maintenance is Rs. 0.

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