An options trading platform provides you the interface to trade F&O contracts. This platform has an in-built feature to easily analyze various option strategies and you can also place an order in a few clicks.
However, there are many stockbrokers that offer these types of web platforms, and choosing the best platform can be very confusing.
In this article, you’ll get to know about various features that you need to consider in order to hand-pick the best options trading platform.
Selecting a Best Options Trading Platform: Key Features
Here are some of the factors that you can consider before selecting an options trading platform:
1. Extensive Charts
You can choose an options trading platform that provides various strategy charts and payoff graphs to analyze the probable loss or profit from each position.
With the help of this tool, you can analyze different F&O contracts and choose the most profitable scrip.
Dhan also provides real-time payoff graphs which can help you analyze the potential gains or losses for each contract before you actually place the order.
2. Affordable Charges
You can choose an options platform that has an affordable and transparent pricing scheme. The pricing model can include brokerage charges, transaction fees, and stamp duty. You can check whether the brokerage will be charged at a flat rate or on a percentage basis of the total order value.
Dhan platform has a competitive pricing model and also provides fully transparent details on brokerage charges, transaction charges, etc.
3. Margin Pledging
Along with costing, margin pledging is one such important feature that you can check in order to select the best options trading platform. This will help you trade with more amount than what is there in your pocket.
Dhan Options Trading platform provides the feature of Margin Pledge Benefit. You can keep your held shares as collateral and get extra money to trade more.
4. Readymade Option Strategies
The platform should offer readymade option strategies like bull call spread, covered call, strangle, etc. for any underlying asset. This is useful for traders new to the derivatives market.
Dhan provides pre-built option strategies through which you can analyze different options strategies and place the order quickly.
5. F&O Screener
You should choose a platform that allows you to scan the options on the basis of bullish or bearish nature. Such a tool is called a F&O Screener. This allows you to filter a contract based on volume, price, and OI (Open Interest). You can also analyze the contracts on the basis of past trends, Implied volatility (IV), etc.
There are various factors that you can consider while selecting the best options trading platform such as strategies-based charts, pay-off graphs, and affordable charges. Other features like margin pledging and filtering tools can also be considered while selecting an options platform.
If you are looking for an options trading platform that strongly stands in all these features, then you can choose the Dhan Options Trading Platform which can make your F&O trading journey easy and smooth.
Santosh Kumar is a Professional SEO and Blogger, With the help of this blog he is trying to share top 10 lists, facts, entertainment news from India and all around the world.