Options trading is a realm replete with potential rewards, offering traders various strategies to capitalise on market movements. However, the complexity inherent in options demands a cautious approach. Unlike other financial instruments, options carry specific nuances such as strike prices, expiration dates, and diverse option types. Navigating this intricate market necessitates a deep comprehension of these aspects, as miscalculations can lead to significant losses. Here are seven common pitfalls to evade for successful call and put option trading.
Simple & flexible algo trading charges for every kind of trader!
Start with 15 days free trial. No credit card needed. Cancel anytime.
Straightforward, no fuss
From backtesting to live deployment, different plans, different features.
Cost of the Plan
(per month)
(per month)
- Share India Brokerage Charges (per month)
- Total Charges to Customers* (per month)
- Live Deployment
- Symbols Available
-
Concurrent Algo Deployment
(Own + uTrade Originals) - Maximum Multiple Allowed
- uTrade Originals Available
- Total Advance Form Strategies
- Backtesting Limit (per day)
- Backtesting Limit (per month)
- Backtesting Data Available (in months)
Free
15 days validity
-
- Nifty, Bank Nifty, FinNifty
- 2
- All
- User can keep his 5 algos
- 2
- 10
- 3
Beginner Plan
-
₹ 2000
- ₹ 2999
- Nifty, Bank Nifty, FinNifty
- 2
- 04-08
- All
- 10
- 2
- 10
- 6
Pro Plan
-
₹ 2500
- ₹ 3999
- Nifty, Bank Nifty, FinNifty
- 4
- 04-08
- All
- 20
- 5
- 20
- 18
Wizard
-
₹ 4000
- ₹ 6499
- All
- 6
- 04-12
- All
- 30
- 10
- 30
- 24
Expert
(Personalised Relationship Manager)
-
₹ 12500
- ₹ 14999
- All
- 10
- 04-30
- All
- 50
- 20
- 50
- 36
Straightforward, no fuss
From backtesting to live deployment, different plans, different features.
Free
Cost of the Plan(per month):
15 days validity
15 days validity
- Share India Brokerage Charges (per month): NA
- Total Charges to Customers* (per month): NA
- Live Deployment: Available
- Symbols Available: Nifty, Bank Nifty, FinNifty
-
Concurrent Algo Deployment
(Own + uTrade Originals):
2 -
Maximum Multiple Allowed:
NA -
uTrade Originals Available:
All -
Total Advance Form Strategies:
User can keep his 5 algos -
Backtesting Limit (per day):
2 -
Backtesting Limit (per month):
10 -
Backtesting Data Available (in months):
3
Beginner Plan
- Share India Brokerages Charges (per month): ₹ 2000
- Total Charges to Customer (per month): ₹ 2999
- Live Deployment: Available
- Symbols Available: Nifty, Bank Nifty, FinNifty
-
Concurrent Algo deployment
(Own + uTrade Originals) :
2 -
Maximum Multiple to be allowed:
04-08 -
uTrade Original Strategies:
All -
Total Advance from Strategies:
10 -
Backtesting per day:
2 -
Backtesting per month:
10 -
Backtesting data (in months):
6
Pro Plan
- Share India Brokerages Charges (per month): ₹ 2500
- Total Charges to Customer (per month): ₹ 3999
- Live Deployment: Available
- Symbols Available: Nifty, Bank Nifty, FinNifty
-
Concurrent Algo deployment
(Own + uTrade Originals) :
4 -
Maximum Multiple to be allowed:
04-08 -
uTrade Original Strategies:
All -
Total Advance from Strategies:
20 -
Backtesting per day:
5 -
Backtesting per month:
20 -
Backtesting data (in months):
18
Wizard
- Share India Brokerages Charges (per month): ₹ 4000
- Total Charges to Customer (per month): ₹ 6499
- Live Deployment: Available
- Symbols Available: All
-
Concurrent Algo deployment
(Own + uTrade Originals):
6 -
Maximum Multiple to be allowed:
04-12 -
uTrade Original Strategies:
All -
Total Advance from Strategies:
30 -
Backtesting per day:
10 -
Backtesting per month:
30 -
Backtesting data (in months):
24
Expert
(Personalised Relationship Manager)
- Share India Brokerages Charges (per month): ₹ 12500
- Total Charges to Customer (per month): ₹ 14999
- Live Deployment: Available
- Symbols Available: All
-
Concurrent Algo deployment
(Own + uTrade Originals) :
10 -
Maximum Multiple to be allowed:
04-30 -
uTrade Original Strategies:
All -
Total Advance from Strategies:
50 -
Backtesting per day:
20 -
Backtesting per month:
50 -
Backtesting data (in months):
36
How do I downgrade my plan to a lower plan?
To downgrade your plan:
Go to the My Profile section of the platform
Click on upgrade subscription
Under any subscription that is a lower tier than your currently active one – you’ll see a Downgrade button
Click on the downgrade button to move you to the selected plan.
Your subsequent payments from the next billing cycle will get reduced to the amount of the newly selected plan.
Note: Suppose you were on the 3000Rs. Per month plan and then downgraded to ₹1000 plan on the 10th day of the 30 day payment cycle. Your plan will be downgraded from this term’s end i.e. after the 30 days and from the next payment cycle your recurring payment would be lowered to 1000Rs/month and plan privileges would be downgraded.
How do I upgrade my plan to a higher plan?
To upgrade your plan:
Go to the My Profile section of the platform
Click on upgrade subscription
Under any subscription that is higher tier than your currently active one – you’ll see an Upgrade button
Click on the Upgrade button to move you to the selected plan.
Your subsequent payments from the next billing cycle will get increased to the amount of the newly selected plan.
Here’s how the difference amount will be managed.
If you were initially on the ₹1000 plan and used it for 15 days, but now want to upgrade to the ₹2500 plan:
The amount used in 15 days = (1000/30)x15 = ₹500.
Amount left = ₹500
Delta = 2500 – 500 = ₹2000. This amount will be charged to you as a one-time payment while upgrading your subscription.
Post payment, the subscription, and your account privileges will be upgraded in real-time.
Note- your subsequent payments would be bumped up to 2500 Rs which will be automatically deducted from your account every month.
Can I subscribe to a monthly plan using other payment option?
You can activate your subscription with utrade algos using the following payment methods:
- UPI – Simply mention your VPA (UPI ID) and accept the mandate request on your payment app
- Cards – Select ‘Stripe’ as the payment option. Enter your credit card details and complete the payment process.
Can I subscribe to a monthly plan using other payment option?
You can activate your subscription with utrade algos using the following payment methods:
- UPI – Simply mention your VPA (UPI ID) and accept the mandate request on your payment app
- Cards – Select ‘Stripe’ as the payment option. Enter your credit card details and complete the payment process.
Is algo trading free in India?
While Algo Trading has been quite expensive especially for a retail trader, uTrade Algos provides institutional grade features and a powerful algo engine at a nominal cost. Our premium plans start at just Rs. 999* thereby making algorithmic trading accessible to all.
What’s more is, you get a free 15-day trial so anyone and everyone can experience the power of algorithms. Sign up today – https://login.utradealgos.com/auth/login
Once you’ve signed up, proceed to the accounts section and access the ‘Upgrade Plan’ tab. Here, you’ll find a list of all available plans along with their respective details. Choose the plan that suits you best and effortlessly subscribe by using either UPI or any of your debit/credit cards to upgrade to the Pro Trader level!
While Algo Trading has been quite expensive especially for a retail trader, uTrade Algos provides institutional grade features and a powerful algo engine at a nominal cost. Our premium plans start at just Rs. 999* thereby making algorithmic trading accessible to all.
What’s more is, you get a free 15-day trial so anyone and everyone can experience the power of algorithms. Sign up today – https://login.utradealgos.com/auth/login
Yes, follow these steps to activate your subscription using UPI:
1. Mention your VPA (UPI ID): Provide your Virtual Payment Address (VPA) or UPI ID to uTrade Algos.
Approve the mandate: Authorize uTrade Algos to automatically deduct the chosen subscription amount from your account at the end of the subscription term.
By completing these steps, your payments will be handled automatically, ensuring a seamless subscription experience with uTrade Algos.
Knowledge Centre & Stories of Success
In algorithmic trading, the importance of risk management cannot be overstated. Algo strategies, while offering speed and precision, are inherently intertwined with risks. Understanding and effectively managing these risks is paramount as it determines the success or failure of such strategies. Here, we explore the pivotal role of risk management in shaping the fate of algo trading strategies.
In trading, the validation and optimisation of strategies are pivotal for success. Backtesting, the process of testing a trading strategy using historical data, is a crucial step in this journey. While both algorithmic and manual testing methods have their merits, algo backtesting holds several advantages over manual testing. Let's find out the specific benefits of utilising algorithmic backtesting for refining trading strategies.