Punch Trade Review 2026: Charges, Platforms, Features and Honest Assessment

Punch Trade (SEBI Registration: INZ000300936) offers a pro-grade trading experience built around an in-house charting engine, single-screen execution, and tools designed for active intraday, swing, and options traders — at a flat ₹1 per executed order across equity delivery, intraday, futures, and options. There are no tiers, no subscriptions, and no hidden charges beyond standard regulatory fees.

What sets Punch Trade apart from most discount brokers is its approach to charting and execution. Rather than integrating TradingView or relying on third-party charting libraries, Punch has built its charting engine entirely in-house. The result is a platform where analysis, order placement, and position management happen on a single screen — a workflow designed specifically for traders who spend their day reading charts and executing positions.

The platform is operated by Market Pulse Securities Pvt. Ltd. (CIN: U67190MH2021PTC356067), incorporated in February 2021 and headquartered in Mumbai. Punch is funded with $10M in seed capital 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 broker is a member of both NSE (Membership: 90253) and BSE (Membership: 6845) and holds CDSL depository participant registration (IN-DP-686-2022).

Segments Available

Equity Delivery (NSE/BSE), Equity Intraday, Index Futures, Stock Futures, Index Options (Nifty, BankNifty, Sensex), Stock Options, ETFs.

Not yet available: Commodities, currency derivatives, mutual funds, IPOs, bonds/NCDs, after-market orders (AMO).

Customer Ratings

Criteria	Rating
Brokerage Charges & Fees	9.5/10
Trading Platforms	8.5/10
Product & Services	7/10
Research & Advisory	5.5/10
Broking Experience	8/10

Account Opening Charges

Charge	Amount
Account Opening	₹0 (Free)
Demat AMC	₹0 (Lifetime free)
Trading AMC	₹0
Platform Fees	₹0

Trading Platforms

Android App: Rated 4.4 stars on Play Store. Native charts with 100+ indicators, trade-from-chart, Scalper Joystick, multi-layout charting (up to 2 on mobile), option chain with Greeks. Drawing tools work natively on mobile.

Web App (Desktop): Full-featured HTML5 web app at punch.trade. Multi-layout charting with up to 8 simultaneous charts, 15 tabs, Scalper Joystick with keyboard shortcuts, full indicator library including Smart Money Concepts.

iOS App: Not yet available. In development.

Top Features

Trade from Chart: Place, modify, and manage orders directly from the chart without switching screens.

Native Charts (100+ Indicators): Built in-house, not a TradingView embed. Includes Smart Money Concepts (FVG, BOS, ChoCh). A charting experience rivaling TradingView, free with every account.

Scalper Joystick: Preset SL/TP levels, execute with single tap. Supports trailing stop-loss.

Plot CE/PE Premiums on Charts: Overlay option premium movement on spot chart. Useful for tracking theta decay.

Protection Orders & Overtrading Controls: Default-on SL/TP, cooling prompts, Lock Your Day.

Builder’s Lab: Community feature voting — 500+ requests processed.

Brokerage Charges

Segment	Brokerage
Equity Delivery	₹1 per order or 0.10%
Equity Intraday	₹1 per order or 0.10%
Futures	₹1 per order or 0.10%
Options	₹1 per order or 0.10%
Commodities / Currency	Not available

Effective cost incl. GST: ₹1.18 per order. Charged only on executed orders.

What Brokerage Looks Like at Scale

Swing trader (5 orders/day): ₹130/month vs ₹2,596/month at ₹20/order = ₹2,466 monthly savings.

Active intraday (25 orders/day): ₹649/month vs ₹12,980 = ₹12,331 monthly savings.

Heavy scalper (75 orders/day): ₹1,947/month vs ₹38,940 = ₹36,993/month (₹4.4L annually).

Statutory Charges

Charge	Delivery	Intraday	Futures	Options
STT	0.1% (buy+sell)	0.025% (sell)	0.05% (sell)	0.15% (sell, on premium)
Stamp Duty	0.015% (buy)	0.003% (buy)	0.002% (buy)	0.003% (buy)
NSE Transaction	0.00325%	0.00325%	0.0019%	0.05%
SEBI Turnover	0.0001%	0.0001%	0.0001%	0.0001%

The Conclusion

Strengths: ₹1 brokerage, native charting rivaling TradingView, trade-from-chart execution, Scalper Joystick, safety features, Builder’s Lab community.

Weaknesses: No commodities/currency yet, no iOS app yet, no mutual funds/IPO/bonds yet, no API for algo traders, smaller support infrastructure, active client numbers not disclosed.

User Experience

When I first explored Punch Trade, the account opening process was straightforward — completed online in under 15 minutes, activated within 24 hours. The charting experience stood out — charts load quickly and feel integrated into the trading workflow. The Scalper Joystick took some getting used to, but once configured, the one-tap execution is fast. The web app with 8 simultaneous charts gave a comprehensive view. The absence of an iOS app was a notable gap. Overall, for active F&O and intraday traders, the combination of ₹1 brokerage, native charting depth, and single-screen execution is compelling.

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