Punch Trade is a Private Discount Broker in India , established in 2021 , and headquartered in Mumbai, India. The broker provides access to equity delivery, equity intraday, equity futures and equity options through mobile app access and web trading, making it relevant for traders and investors who want one platform for market access, order execution, and portfolio tracking.
This 2026 review covers Punch Trade brokerage charges, Demat account costs, trading platforms, products, customer support, and key features. Investors comparing brokers can use the details on this page to understand whether Punch Trade matches their cost expectations, preferred trading segments, and platform requirements.
Punch Trade is a discount stockbroker registered with SEBI (Registration: INZ000300936) that offers online trading in equity, derivatives, and ETFs across NSE and BSE. The broker charges a flat ₹1 per executed order across all segments — equity delivery, intraday, futures, and options — with no annual maintenance charges, no platform fees, and no subscription tiers.
Punch Trade operates under Market Pulse Securities Pvt. Ltd. (CIN: U67190MH2021PTC356067), incorporated in February 2021 and headquartered at Agnelo House, SV Road, Khar West, Mumbai 400052. The company has raised $10M in seed funding from Stellaris Venture Partners, SIG, Prime Venture Partners, and Innoven Capital, with angel investors including Kunal Shah (Cred), Vatsal Singhal (Ultrahuman), and Nitish Mittersain (Nazara). The platform's charting technology originates from Market Pulse, a charting platform that has reached 80 Lac+ traders through integrations with multiple Indian brokers over the past decade.
The platform is designed for active traders in equities and derivatives, with native in-house charts featuring over 100 technical indicators, trade-from-chart execution on mobile and web, multi-layout charting with up to 8 simultaneous charts on desktop, and a Scalper Joystick tool for preset stop-loss and target placement. Punch Trade also operates Builder's Lab, a community platform where users vote on feature requests — over 500 requests have been processed to date.
Punch Trade — A Comprehensive Company Overview
| Company Overview | Punch Trade |
|---|---|
| Company Type | Private |
| Broker Type | Discount Broker |
| Headquarters | Mumbai, India |
| Founder | Amit Dhakad, Hiral Jain, Arshad Fahoum, Ajit Dandekar |
| Establishment Year | 2021 |
Punch Trade has been evaluated across key parameters including technology, charges, products, and customer experience to help investors make an informed comparison.
Punch Trade — Ratings
| Parameter | Rating |
|---|---|
| Overall Rating | 7.5/10 |
| Customer Support | 6.5/10 |
| Technology | 8.5/10 |
| Charges | 9.5/10 |
| Products & Services | 6.5/10 |
| Experience | 8.0/10 |
Punch Trade lists account opening charges of ₹0 (Free) for its onboarding process, while the annual maintenance charge (AMC) for the Demat account is ₹0 (Free).
Before opening an account with Punch Trade, investors should compare onboarding fees, Demat AMC, brokerage slabs, and the availability of services such as IPO access, F&O trading, and research tools.
Account Opening and Demat Charges
| Charge | Punch Trade |
|---|---|
| Trading Account Opening Charges | ₹0 (Free) |
| Demat AMC (Annual Maintenance Charges) | ₹0 (Free) |
| DP Charges | ₹3.50 + 18% GST per order |
| Call & Trade Charges | ₹50 (incl. GST) |
Brokerage is the fee charged by a stockbroker for executing trades on your behalf. Punch Trade applies the following charges across segments:
Brokerage of Punch Trade
| Brokerage | Punch Trade |
|---|---|
| Brokerage Plan | |
| Subscription Charges | |
| Equity Delivery | ₹1/order or 0.10% |
| Equity Intraday | ₹1/order or 0.10% |
| Equity Future | ₹1/order or 0.10% |
| Equity Option | ₹1/order or 0.10% |
| Commodity Future | Not available |
| Commodity Option | Not available |
| Currency Future | Not available |
| Currency Option | Not available |
Punch Trade offers margin exposure to help traders manage larger positions with less capital. The margin facility allows investors to leverage their holdings across different segments, enabling better utilisation of available funds while managing risk appropriately.
Punch Trade — Exposure / Margin
| Exposure | Punch Trade |
|---|---|
| Equity Delivery | 1x |
| Equity Intraday | Up to 5x |
| Equity F&O Carry Forward | 1x (exchange margin only) |
| Equity F&O Intraday | 1x (exchange margin only) |
Apart from brokerage, several statutory and operational charges apply when trading through Punch Trade. These include Securities Transaction Tax (STT), stamp duty, transaction charges, SEBI turnover fees, GST, and depository charges. Understanding these costs helps investors calculate the true cost of every trade.
Other Charges of Punch Trade
| Charge | Punch Trade |
|---|---|
| Transaction Charges — Equity Delivery | NSE: 0.00297% | BSE: 0.00375% |
| STT — Equity Delivery | 0.1% on buy & sell |
| Stamp Duty — Equity Delivery | 0.015% buy side only (government-mandated rate) |
| Transaction Charges — Equity Intraday | NSE: 0.00297% | BSE: 0.00375% |
| STT — Equity Intraday | 0.025% on the sell side |
| Stamp Duty — Equity Intraday | 0.025% on the sell side |
| Transaction Charges — Equity Futures | NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) |
| STT — Equity Futures | 0.02% on sell side |
| Stamp Duty — Equity Futures | 0.1% on sell side (on premium) |
| Transaction Charges — Equity Options | NSE: 0.00173% | BSE: 0 |
| STT — Equity Options | 0.1% on sell side (on premium) |
| Stamp Duty — Equity Options | 0.02% on sell side |
| SEBI Turnover Charges | ₹10/crore |
| DP Charges | ₹3.50 + 18% GST per order |
| GST | 18% on (brokerage + SEBI charges + transaction charges) |
Punch Trade provides mobile app access and web trading to support order placement, portfolio tracking, and market monitoring. Basket trading is available, enabling investors to place multiple orders in a single transaction.
Key platform features include: watchlists, real-time updates, portfolio tracking, research reports, interactive charts, live market tracking, secure platform controls.
Punch Trade — Trading Platforms
| Trading Platform | Punch Trade |
|---|---|
| Android App | Download |
| iOS App | Not available (in development) |
| Web Trading Platform | Yes (punch.trade) |
| Basket Trading Platform | Yes — add to Trading Platforms |
Punch Trade highlights the following offers and benefits to attract and retain investors. These can help reduce overall trading costs or improve the value of the account relationship.
Punch Trade — Offers
| Offer | Punch Trade |
|---|---|
| Free Account Opening | Yes |
| Free AMC | Yes |
| Flat Brokerage | Yes (₹1/order) |
Punch Trade highlights features such as watchlists, real-time updates, portfolio tracking, research reports, interactive charts and live market tracking. These tools support research, market monitoring, order execution, and day-to-day portfolio management for both first-time and active market participants.
Punch Trade — Trading Features
| Trading Feature | Punch Trade |
|---|---|
| Wishlist / Watchlist | Yes |
| Real-Time Updates | Yes |
| Portfolio Details | Yes |
| Online MF Buy | No |
| Research Reports | Yes |
| Global Indices | No |
| Customised Recommendations | No |
| Stock Tips | No |
| Interactive Charts | Yes |
| Live Market | Yes |
| Multi Profile Management | No |
| Robust & Secure Platform | Yes |
Punch Trade provides the following research and advisory services to help investors make more informed trading and investment decisions.
Punch Trade — Research & Advisory
| Research Service | Punch Trade |
|---|---|
| Fundamental Reports | Yes |
| Research Reports | Yes |
Punch Trade provides services that may include Demat services, trading services, intraday trading, F&O trading and stock research. Depending on the products enabled, investors may also get access to equity delivery, equity intraday, equity futures and equity options from the same ecosystem, making it easier to manage both trading and long-term investing requirements.
Punch Trade — Services Provided
| Service | Punch Trade |
|---|---|
| Demat Services | Yes |
| Trading Services | Yes |
| Intraday Services | Yes |
| F&O Services | Yes |
| IPO Services | No |
| 3-in-1 Account | No |
| Stock Research | Yes |
| Stock Recommendations | No |
| Trading Education / Institution | No |
| Share Pledging | No |
| PMS or PCG | No |
| NRI Services | No |
Punch Trade offers a range of investment products including stocks and futures & options, enabling users to explore multiple asset classes from a single platform.
Punch Trade — Products Provided
| Product | Punch Trade |
|---|---|
| Equity Delivery | Yes |
| Equity Intraday | Yes |
| Equity Option | Yes |
| Equity Future | Yes |
| Commodity Option | No |
| Commodity Future | No |
| Currency Option | No |
| Currency Future | No |
| Foreign Stocks | Not available |
| Mutual Funds | Not available |
| Banking | Not available |
| Insurance | Not available |
| Corporate Bonds | Not available |
| Government Bonds | Not available |
| Digital Gold | Not available |
Punch Trade offers partnership opportunities for individuals and organisations looking to associate with the broker and earn income by referring clients or operating as a sub-broker.
Punch Trade — Partner Programs
| Program | Punch Trade |
|---|---|
| Referral Program | Yes (Punch Champions) |
Punch Trade provides customer support through trading desk support, call support, email support, website support and Facebook support.
Customer Support of Punch Trade
| Support Channel | Punch Trade |
|---|---|
| Trading Support | +91 79482 22271 |
| Call Support | +91 79410 57311 |
| Email Support | [email protected] |
| Website Support | Punch Trade |
| Facebook Support | Facebook Support Link |
Account Opening: Free (₹0), completed online through digital e-KYC. Requires PAN, Aadhaar, bank details. CDSL demat (DP ID: 12095300). Activated within 24–48 hours.
Trading Platforms: Android app (4.4 stars) and web app at punch.trade. Native in-house charts with 100+ indicators including Smart Money Concepts. Trade-from-chart on mobile and web. Up to 8 chart layouts on desktop, 2 on mobile. iOS in development.
Brokerage Transparency: Flat ₹1/order (₹1.18 incl. GST) across all segments. No subscription tiers, no platform fees.
Research & Tools: Premium plotting of CE/PE on spot charts, Scalper Joystick, Protection Orders (default SL/TP), Trailing Stop Loss. No third-party research reports or stock recommendations.
Overall: Built for active equity and derivatives traders. Publishes 0.01s execution, 99.99% reliability, 99.999% uptime at punch.trade/status. Operates Builder's Lab with 500+ feature requests processed.