OptionX FAQs - Page 7

Question 1

How do I exit a position?

Accepted Answer

You have two ways:

Click on the Exit button in the Entry Panel.

Place a reverse order using the ladder (Sell if you bought; Buy if you sold)

OptionX also shows your live P&L to help you time the exit.

Question 2

My order isn’t filling. What could be wrong?

Accepted Answer

Check the following:

Order Type: Is it a Limit order set too far from market price?

Quantity: Is it aligned with exchange lot size?

Trading Mode: If in Paper mode, simulated fills might differ slightly

Try switching to a Market Order or adjust the price to match live bids/offers.

Question 3

How do I place my first order?

Accepted Answer

To place a Buy Order:

Click on any Bid price (left side)

Confirm the order on the prompt

You’ll see the order on the ladder as pending, filled, or active

To place a Sell Order:

Click on any Offer price (right side)

You can also drag orders up/down to modify price in real-time.

Question 4

How can I customize my order (quantity, price, type)?

Accepted Answer

When the ladder loads, the Order Entry Panel appears with:

Option Contract (e.g., NIFTY 24 APR 24150 CE)

Order Type: Default is Limit

Quantity: Default is 75 (1 lot)

Click the panel to:

Change quantity

Switch to Market, Bracket, or Cover orders

Add Stop-Loss or Target

For full customization, refer to our Entry Panel Guide.

Question 5

What do 'Bid' and 'Offer' mean on the ladder?

Accepted Answer

Bid: The highest price a buyer is willing to pay (left column)

Offer: The lowest price a seller will accept (right column)

✅ Clicking on a Bid price places a Buy order
✅ Clicking on an Offer price places a Sell order

Question 6

How do I open the Price Ladder?

Accepted Answer

Click on Widgets from the left-hand menu.

Choose Price Ladder

Search and select your desired symbol (e.g., NIFTY 50).

The ladder opens preloaded with the ATM option.

This view shows bid/ask depth and allows one-click trading.

Question 7

What is Paper Trading and how do I enable it?

Accepted Answer

Paper Trading lets you place trades in real-time without using actual money. It mirrors the real market and helps you learn:

Go to Settings → Account → Paper Trading

Toggle it ON

You can now use the full platform features without any financial risk.

✅ Ideal for first-time traders and strategy testing.

Question 8

I just logged in. How do I start trading immediately?

Accepted Answer

Once logged in:

Head to the Widgets section.

Click on Price Ladder.

Choose your desired index (like NIFTY 50).

You’re ready to place trades with just one click!

If you're new or want to test first, you can enable Paper Trading mode for risk-free practice.

Question 9

What is the pricing structure?

Accepted Answer

OptionX offers:

Free 7-Day Trial with all features unlocked

Affordable monthly and annual plans, priced lower than global platforms

Pay only after you're convinced of the value during the trial

Exact pricing depends on the features and usage tier you choose.

Question 10

What kind of support is available?

Accepted Answer

OptionX offers 24/7 customer assistance, including:

Live chat support

Email ticketing - reach out to us at support@optionx.trade

Personal demo sessions to guide you through setup or strategy building

This ensures help is available before, during, and after market hours.

Question 11

Can I create and manage multiple watchlists?

Accepted Answer

Yes. OptionX supports unlimited watchlists across:

Symbols (Stocks, Indexes)

Option strategies

Spread setups

Watchlists can be grouped, renamed, and customized for easy access during fast market sessions.

Question 12

How customizable is the OptionX interface?

Accepted Answer

Very. OptionX is built for personalization:

Single-screen interface with charts, ladder, positions, and chains in one place

Modular layout with drag-and-drop tools

Custom shortcuts, watchlists, alert systems, and quick action buttons

This allows each trader to create a workflow tailored to their strategy and market pace.

Question 13

Is there a paper trading mode?

Accepted Answer

Yes, In OptionX is free for Lifetime and it includes robust paper trading system with:

Unlimited trades

Real-time simulation with full platform features

Ideal for backtesting, training, and strategy refinement

You can switch between paper and live accounts without needing a second login.

Question 14

Does OptionX support live Option Chain and charting tools?

Accepted Answer

Yes. The live Option Chain is tightly integrated into the platform and includes:

Strike-wise bid/ask spread, IV, OI data, and Greeks

Direct trading from the chain

Charts are powered by TradingView, so you can:

Apply technical indicators

Use multi-timeframe views

Customize for scalping, swing, or positional trading

Question 15

What kind of strategies can I build on OptionX?

Accepted Answer

OptionX offers:

Prebuilt Strategies: Bull Call Spread, Iron Condor, Straddle, Butterfly, etc.

Custom Strategy Builder: Create your own setups in seconds with 2–5 legs.

Spread Ladder: Execute multi-leg spreads with one-click placement directly from the ladder.

This is ideal for pro traders running delta-neutral, volatility-based, or hedged setups.

Question 16

Does OptionX support Auto SL Trailing and Profit Protection?

Accepted Answer

Yes. These tools are built-in:

Auto Stop-Loss Trailing: Your SL automatically adjusts as your position moves in your favor.

Profit Protection: Lock in profits by setting a minimum gain threshold. Once breached, the system secures your gain either by trailing SL or triggering exit conditions.

These features help traders remove emotions and automate risk control—especially useful during fast market moves.

Question 17

What is the Price Ladder XY?

Accepted Answer

The XY Ladder is a proprietary innovation in OptionX. It allows you to:

Link options to index-level pricing

Place trades based on underlying movement instead of option premium

Time your trades based on broader index shifts for better control

This is especially useful for spread traders and index traders who want synchronized execution across multiple instruments.

Question 18

What is the Price Ladder and how does it work?

Accepted Answer

The Price Ladder is a visual tool showing real-time market depth, allowing you to:

Instantly see bid/ask spreads, volume, and price movement

Place, modify, or cancel orders with one click

Execute multiple legs of a strategy directly from the ladder (XY Ladder)

This structure mirrors the precision used in institutional trading environments like Bloomberg or TT (Trading Technologies), but OptionX has built it specifically for the Indian Traders.

Question 19

What types of orders can I place in OptionX?

Accepted Answer

OptionX supports all essential order types with advanced safety and speed features:

Single Orders – Execute a buy/sell with precision directly from the ladder.

Bracket Orders (OCO) – Attach both Stop-Loss and Target to your entry for automatic exits.

Cover Orders – Enter with a mandatory SL for tight, controlled trades, ideal for scalping.

All orders can be placed from the Price Ladder or manually entered, with customizable order presets for rapid placement.

Question 20

Is there a free trial available?

Accepted Answer

Yes. OptionX offers a 7-day free trial with full access to all premium features, including:

Unlimited paper trading

One Click Trades

All types of Ladder access

Strategy builder

Bracket and cover orders

Profit protection tools

Position Ajusment module

There’s no commitment during the trial period. It’s ideal for both learning and evaluating if the platform suits your trading style.

Question 21

What brokers does OptionX support?

Accepted Answer

OptionX supports multi-broker integration, which means:

You can trade through your preferred broker account (e.g., Zerodha, AngelOne, Upstox, Choice, Rupeezy, IIFL, Aliceblue, etc.)

Easily link accounts within OptionX

Use one platform for all orders—no switching tabs or apps

This flexibility enables professionals and firms to centralize their trading workflow without compromising access to broker features.

Question 22

Is OptionX only for options trading?

Accepted Answer

No. While OptionX is optimized for options, it also fully supports futures trading, index-level trading, and strategy-based trading using tools like the XY Price Ladder and Strategy Builder.

You can:

Trade individual options and futures contracts

Build and execute multi-leg spreads

Monitor market depth, charts, and option chain—all on one screen

Question 23

Who can use OptionX?

Accepted Answer

OptionX is built for a wide spectrum of traders:

Retail traders who need a simple, clean interface.

Scalpers who rely on ultra-fast execution and low latency.

Professional/Prop traders needing multi-leg strategy builders, spread execution, and deep risk controls.

Learners who want to test without risking capital using unlimited paper trading.

The platform grows with your skill—start with basic trades, and graduate to institutional-level tools without switching platforms.

Question 24

What is OptionX?

Accepted Answer

OptionX is India’s first and only price ladder-based options and futures trading platform built for speed, precision, and risk management. Unlike traditional trading platforms that rely heavily on charts and tables, OptionX introduces a real-time XY Price Ladder that visually represents live market depth, allowing for one-click execution at the exact price point you desire.
Whether you're scalping quick moves or executing complex spread strategies, OptionX offers institutional-grade features like:

One-click trades

Auto Stop Loss Trailing

Profit Protection

Spread Ladder for multi-leg orders

Live Option Chain + TradingView integration

Tailored specifically for the Indian F&O markets, it brings global-quality infrastructure to every level of trader—from first-timers to prop-desk professionals.

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