Is Sensibull free option trading platform?
- Asked By
- Updated On:14-Mar-2021
- Replies:1
Short Answer
Sensibull is not a complete free website for option trading but it does offer some free features and also a 7 day free trail. For more details read through the expanded version.
Detailed Answer
Introduction to Sensibull:
- It is an options trading platform.
- This trading startup was made by Abid Hassan and Abhimanyu Singh.
- It gives option of both virtual trading- trading without real money and real trading both.
- It helps in educating the traders about options in an expanded manner.
- Sensibull's goal is to make option trading secure, simple, and profitable for all.
- There is no such thing as a stop-loss order in this game. Either set the alarm or actively check the prices on a regular basis.
- WhatsApp is also accessible for sending alerts regarding stocks news and risks.
- As it gives option of virtual trading, no losses will be incurred.
- There is also a graphical representation of the stocks, which aids in better understanding the context.
- There are various options and strategies available for individuals to practice option trading.
- Virtual trade gives you easy and understandable options so that you know how trading is done and learn it.
- Sensibull makes it easy to understand and envision option chains with innovative features like real-time Greeks and the ability to assess Open Interest.
- In virtual trading in Sensibull, now you have the option to compare the trades made by you so that you know how it affected and how individuals can draw conclusions about the same when they trade with real money.
Is Sensibull a free option trading platform?
Sensibull is not completely free, it offers its plan in three sections- Free, Pro, Lite
Free plans of Sensibull offers only 8 features on its website. It has a 7-day free trail option. The main features available in free section are WhatsApp alerts, Real time prices, Best option chain, Research, Basket orders, etc.
Lite options come with some limited features which are in addition to the free plans available in Sensibull. Its price is 480 per month as of March 2021. It offers features such as Virtual Trading, Strategy Wizard, Easy Options, Research, Basket Orders, etc.
Pro options come with all the advanced features and gives the best option trading experience to its users It price is 640 per month and offers features such as Strategy builder, advanced data tools, Analyse trades, Technical signals, stocks data, etc.
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Discussion (0)
In this current day and age, options trading has become the new cool thing that everyone wants to try. There are many option trading platforms out there that provide various Option trading tools. Sensibull and Opstra Definege are 2 of the most prominent names in the industry.
Both of them provide all the necessary tools like OI (Open Interest) Charts, PCR (Put-call Ratio), IV (Implied Volatility) chart, etc. But the main question lies, which one of them is a better platform for Options trading. Let's find the answer to that question.
If you're looking for a straightforward and comprehensive take on options trading, then Sensibull should do the job perfectly. However, if you're and expert and want more complex trading tools, then Opstra is the one to choose.
Quantsapp is an online Options analytics platform that provides many tools and features to option traders. It is free to use, but not completely. There are two price models that it offers at present. Both of them provide access to different features and tools. This gives an individual to choose anyone according to their preferences.
Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.
Although everything the Stock broker offers is fantastic, there are a few downfalls of using Groww. These include the exception of trading in the commodity segment, doesn’t have a savings account in 2-in1 accounts that it offers, popular financial tools such as cover orders bracket order aren’t available, and more.
Opstra Options Strategy builder is a platform for Options and Futures traders. It provides many tools for trading derivatives, Some of these include Options Simulator, Options backtesting, IV (Implied Volatility) Chart, Option Chain analysis, and much more. Both beginners, as well as advanced traders, can use this platform as it offers all the necessary features for both these groups.
Options Trading as a trend is on the rise these days and is gathering more Retail attention. Due to this, the Option Trading platforms which provide tools for options traders are equally in high demand. Quantsapp and Sensibull are two of the prominent players in this field. Identify what are the differences, similarities, and which one to choose among the two.
Virtual trade is a feature in Sensibull which allows the users to be educated about option trading by trading in real stock scenario with real money. Sensibull will also helps the users to learn about trading in much detail.
Sensibull Pro is a package offered by the company in terms of options trading. Features such as a statistical tool, strategy implementation advice, custom strategy build, IV charts, currency options, and more make it unique and different from the other plans. If you're serious about trading in options and are looking for a concrete structure in trading in options, then the pro package of Sensibull makes complete sense.
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