Is Sensibull Pro Worth it? How good is the Options Trading Platform?
- Asked By
- Updated On:03-Feb-2021
- Replies:5
Short Answer
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.
Detailed Answer
Sensibull is quite a nascent company that was started to allow users to trade in the stock market's options division. It targets small traders and investors looking to make their investments in the options market by giving them a robust trading platform. These plans include free, lite, and pro plans. The lite plans cost 800 rupees a month while the pro plan costs 1,300 rupees a month.
Is Sensibull Pro Tool worth the money?
The pro tools come with an extraordinary level of features and services that would provide you with the best trading experience in the options market. All the benefits that one can reap from the pro plan is given as follows:
Benefits of Sensibull Pro Plan
- All the features and benefits from the lite and free plans.
- There are IV charts that can be accessed for easy options trading.
- Elaborative currency option information.
- Get a brief overview of your trades and positions in the options market.
- Users have the freedom to build their strategies and implement them while trading for an effective outcome.
- There are more strategies, including the pro plan with various suggestions and alterations made as we speak.
- Statistical tools are powerful that provide close to accurate data and results for all your endeavours.
- Upcoming changes are coming to the pro plan providing features such as off-price detection, real-time price detection with rising & fall, and more.
- With these many advantages that the pro plan offers, it does cost a pretty penny of 1300 rupees, which is discounted most of the times where the price can range from 950-1000 rupees. While everything might seem beautiful, there are some cons that one should consider before choosing the pro package.
Drawbacks of Sensibull Pro Plan
- No matter how feature-rich the platform is, there are quite a handful of brokers that the platform supports—making it unusable for a majority of traders and investors.
- No doubt, the filtering of Sensibull pro plans is quite elaborative. But segregating the options based on risk and reward isn't an option with the options trader.
- The pro plan isn't for those that are starting their journey in options trading. Users need to know about options trading before they can pick the plan. If you don't know what you're doing, then it's not a plan for you.
- The cost of the pro plan isn't reasonable. Not every small trader or investor has that much money to invest every month only for options trading.
Sensibull Pro Plan Review
Sensibull Pro Plan has some compelling plus points with a few "not so very" attractive points. Those serious about options trading could use it to the fullest extent. For others, choosing the free plan should be enough. It's worth depends upon the trading, and they're seriousness about trading in the options segment.
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Discussion (4)
Heard from many people that Sensibull Pro costs around 1000 bucks but it is a kind of complicated to use for the beginners. The pro plan isn't that attractive like others but the basic plan is extremely good for the beginners.
Looking at the features, Sensibull justifies its price. It offers many advanced tools such as strategy builder, options wizard, Easy Options, etc. This makes the process of options trading quite automated. In addition to that, it is integrated with most of the brokers which make trading with them even easier.
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.
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.
As more and more people try their hand in Options trading, the demand for good Options trading and analytics platforms is on the rise. There are many online options trading platforms out there. Know if Quantsapp is a good online Options Analytics platform.
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.
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.
Options trading is an emerging business that many traders are pursuing these days. Only a very small number of traders actually make money in the stock markets. Hence one might need professional help in their trading. Quantsapp has a dedicated team of experts for this purpose which is available as its advisory services.
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.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
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Sensibull is a product of Zerodha however, it is not so convenient to be used by beginners. Before spending money on pro plans, as a beginner to stock markets make sure to check out the basic free plan!