Punch Trade is a SEBI-registered discount broker (INZ000300936) operated by Market Pulse Securities Pvt. Ltd., headquartered in Mumbai. The platform’s defining bet: an in-house native charting engine that anchors single-screen trading for active equity and F&O traders, at ₹1 per executed order across all supported segments. Account opening, demat AMC, and platform fees are ₹0. Punch Trade does not yet support commodities, currency derivatives, mutual funds, or IPO applications. The Android app is live; iOS is in development.
At a Glance
| Parameter | Punch Trade |
|---|---|
| Brokerage (all segments) | ₹1 per executed order (₹1.18 incl. GST) or 0.10%, whichever is lower |
| Demat AMC | ₹0 (Lifetime) |
| Account Opening | ₹0 (Free) |
| Segments | Equity Delivery, Intraday, Index Futures, Stock Futures, Index Options, Stock Options, ETFs |
| Platforms | Android app, web trading app (used as desktop platform). iOS in development. |
| SEBI Registration | INZ000300936 |
| Demat Provider | CDSL (DP Registration: IN-DP-686-2022) |
Charges
| Charge | Amount |
|---|---|
| Brokerage — Equity Delivery / Intraday / Futures / Options | ₹1 per executed order (₹1.18 incl. GST) |
| Demat AMC | ₹0 |
| Account Opening | ₹0 |
| DP Transaction (delivery sell) | ₹3.50 + 18% GST per order |
| Call & Trade | ₹50 (incl. GST) |
| Auto Square-off | ₹50 + 18% GST per order |
| Pledge Creation/Closure | ₹12 + 18% GST per request |
Charting
Punch Trade’s charting engine is built and maintained by the Market Pulse Technologies team — the same engineering group behind Market Pulse, a charting platform that has served 80 Lac+ traders across various broker integrations over a decade. The engine ships with 100+ technical indicators, including Smart Money Concepts (Fair Value Gaps, Break of Structure, Change of Character), full drawing tools on mobile, and multi-layout charting up to 8 charts on desktop and 2 on mobile. Trade-from-chart execution works on both mobile and web — order placement, position management, and chart analysis happen on a single screen with no tab-hopping. A feature unique to Punch Trade: the ability to plot call or put premium movement directly on the spot price chart, allowing traders to visualise the relationship between underlying price action and option premium changes in real time. The charting engine ships natively with the trading platform, with no embedded TradingView and no separate subscription.
Execution and Order Types
Order execution speed is published at 0.01 seconds, with 99.99% order reliability and 99.999% platform uptime — all three metrics are live at punch.trade/status, refreshed regularly. Protection Orders ship default-on: Stop-Loss and Target are pre-attached to entries with friction designed to discourage removal rather than addition. Trailing Stop-Loss is live across the platform, originally a feature shipped through Builder’s Lab. Standard order types — Market, Limit, Stop-Loss (SL and SL-M) — are supported. Punch Trade does not yet offer GTT (Good Till Triggered), AMO (After-Market Orders), Bracket Orders, or Cover Orders.
Who It’s For
Punch Trade is built for evolved equity and F&O traders — intraday, swing, scalping, and options — who prioritise charting depth, execution speed, and cost efficiency over breadth of investment products. Traders running 15+ orders a day will find ₹1 per executed order structurally cheaper than legacy ₹20-per-order pricing, especially when scaling F&O flow. The platform is not designed for multi-asset investors who need mutual funds, commodities, IPOs, or bonds inside a single account.
Limitations
Punch Trade does not yet support commodities or currency derivatives. Mutual funds, IPO applications, bonds, and NCDs are not yet available. The iOS app is still in development — Apple device users currently access the platform through the mobile web. The ecosystem is smaller than full-service brokers, with no equivalents to Varsity-style education portals or in-app investment baskets. GTT, AMO, Bracket, and Cover orders are not yet live.
Builder’s Lab
Punch operates Builder’s Lab — a public feature-voting platform where traders submit and vote on roadmap items. 500+ feature requests have been processed to date. Shipped examples include Drag & Drop SL/TP (471 votes), Trade-wise PnL (247 votes, shipped in 9 days), Split Charts (189 votes, shipped in 11 days), Fair Value Gap (313 votes), Scalper Mode (241 votes), and Trailing Stop-Loss.
FAQs about Punch trade
What is the brokerage breakdown across segments at Punch Trade?
Punch Trade charges a flat ₹1 per executed order across equity delivery, equity intraday, equity futures, and equity options. The effective cost including 18% GST is ₹1.18 per order. A 0.10% cap of trade value applies — whichever of ₹1 or 0.10% is lower is charged. Account opening, demat AMC, and platform fees are ₹0.
Does Punch Trade depend on TradingView for charting?
No. Punch Trade’s charting engine is built entirely in-house by the Market Pulse Technologies team. The engine ships natively in the trading platform — there is no embedded TradingView, no separate subscription, and no third-party charting library required for indicators, drawing tools, or trade-from-chart execution.
Is Punch Trade available on iOS?
Not yet. The iOS app is currently in development. iPhone and iPad users can access Punch Trade through the mobile web at punch.trade — order placement, charting, and account management work in the web interface. The Android app is live on Google Play.
Does Punch Trade offer stock research and reports?
Stock research and reports are launching soon at Punch Trade. The current platform focuses on charting depth, execution tools, and option analytics including a full option chain with Greeks (Delta, Gamma, Theta, Vega), open interest histograms, and call/put premium plotting on spot charts. A dedicated research and reports module is on the roadmap.
