Which is better Quantsapp vs Sensibull?

Short Answer

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.

Detailed Answer

Before looking at the comparison of these two platforms lets have a look at the details and working of the two platforms individually

What is Quantsapp?

Quantsapp is an options analytics platform that provides many tools and features for options traders. The primary motive of this platform is to increase the overall profitability of retail traders. Quantsapp has many unique features such as the Trap indicator, Straddle Index which is not commonly found in other platforms.

Apart from the tools and features, Quantsapp also has an advisory service through which it provides Short and Medium-term and trading calls to its clients.

What is Sensibull?

Sensibull is India’s largest trading platform that is backed by India’s largest Stock Broker Zerodha, which provides Option trading tools. Sensibull is also India’s first option trading platform founded in 2017 that provides many powerful tools to increase the chances of winning for a retain individual.

One can use Sensibull to directly execute trades as it is mapped to the brokers terminal which makes it very easy to use. Some of the features of Sensibull include Options Chain analysis, Creating and Back-testing option strategies, OI (Open Interest Analysis), Virtual trade, Strategies Wizard, etc.

Which is better?

While comparing “Quantsapp” and “Sensibull”, it is clear that many features offered by both the platform are similar, like the Open Interest analysis, Option Chain analysis, Event calendar, etc.

There are some features that are unique in either of them, The Trap Indicator offered by Quantsapp is a unique feature that Sensibull lacks. Quantsapp also provides a unique and colorful layout for depicting the OI in stocks and Indices. In the same way, the Strategy Wizard is a unique tool offered by Sensibull along with Virtual trading which is not offered by the other. Sensibull indeed offers a broad variety of tools for strategy building that Quatsapp lacks.

In the terms of Pricing, Sensibull takes the lead as the Lite plan offered by Sensibull is just for Rs 590 per month and the Pro plan is available for just Rs 800 per month. On the other hand, the Pro plan in Quantsapp costs a whopping Rs 2950 per month. This makes Sensibull a certain winner in terms of the “Value for Money” proposition.

In terms of Customer support and complaint resolution, Sensibull might be preferred as it is the largest Options trading platform and is also backed by Zerodha. This makes it more trustworthy and reliable when considered the Brand Value of Zerodha.

Bottom Line

After looking at the features and the pricing of both the products it can be stated that Sensibull might be a better option for most of the consumers out there. The reason being, it offers almost all the features and some extra features like Virtual Trading, Options Learning, etc. Sensibull offers all these features at a fraction of the cost of Quantsapp. Quantsapp has an added feature known as the Advisory Service where it charges a hefty fee to provide trading calls to the subscribers. This is the only thing that HNI’s might consider if they want a SEBI registered team to assist them with their trades.

Tagged With: Options TradingQuantsappSensibullOptions AnalyticsTrading Platform
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Related FAQs

Which is better platform Sensibull or Opstra for Option Traders?

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.

Is Quantsapp a good online options analytics platform for option traders?

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.

Is Quantsapp Options Analytics platform free to use?

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.

Is Sensibull free option trading platform?

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.

Is Sensibull Pro Worth it? How good is the Options Trading Platform?

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.

Is Opstra options Analytics platform or app free?

Opstra Definedge is an Options analytics platform that provides various tools and screeners to find out the most effective strategies and implement them. Opstra is an excellent platform for beginners as well as advanced options traders who want to build new Option trading strategies and backtest them. Opstra provides many features such as Options Backtesting, Options Simulator, IV chart, OI (Open Interest), and much more.

Which is better, Quantsapp or Opstra for Open Interest Analysis?

Open Interest analysis is a major part when it comes to Options Trading. A good options trader analysis the Open Interest buildup and change to determine the market sentiment and general direction of the market. There are many platforms that offer the feature of OI analysis. Quantsapp and Opstra Definedge are two prominent participants in this field. Know which is better for you.

What is Sensibull Option Chain?

Sensibull is an online Options trading platform that provides various Analysis tools that can be used to have a better understanding of the Options as well as to create and deploy various Option Trading Strategies that can be used by Investors & traders to Speculate as well as Hedge their existing portfolio. The Option Chain is an important feature of Sensibull. It is discussed in detail below.

Is Opstra Options Analytics good strategy builder?

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.

What is virtual trade in Sensibull?

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.