PowerYourTrade
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PowerYourTrade is a research and advisory initiative powered by the TV18 group. The firm provides real-time trading strategies for intraday trading and investment recommendations for long-term investors.
In this detailed review, we will look at the different services, pricing plans, complaints, benefits, customer support and other related aspects of this research and advisory firm.
PowerYourTrade Review
You can avail services based on your trading style, preferred trading segments, investment capital and advisory budget. PowerYourTrade does not have its own advisory team but runs partnership with some of the renowned stock broking houses such as Karvy Online, Ventura Securities, Motilal Oswal, Sushil Finance etc.
Furthermore, the firm claims to have services of some of the top names in the stock market research domain. Nonetheless, you are advised not to trust everything at face value shares and be very cautious before committing your hard-earned capital to any advisory firm.
This is being said because big chunks of technical and fundamental research are generally available for free on the websites of full-service stockbrokers and it is not unlikely that the research is taken directly from these websites and distributed among the users.
Here is an example:
This screen is from the real-time dashboard of PowerYourTrade:
And these are the reports from the websites of stockbrokers respectively:
Having said that, there is no claim being made the advisory firm is actually providing the exact same research and thus, users are advised to perform their own verification and validation.
PowerYourTrade Recommendations
There are four types of recommendation services offered by PowerYourTrade including:
- Technical Package – Under this package, you get access to trading calls namely Intraday, Positional (Short & Long-Term Calls), Delivery-based, Futures and Options and Currency calls. This package also covers PYT Chat with experts, Stock Signs, Market Outlook, Brokerage Recommendations etc.
- Fundamental Package – You will primarily be looking forward to Multi-baggers or long-term investment calls in this package. Other than that, you will be provided access to Stock Signs, Market Outlook, Brokerage Recommendations etc.
- Commodity Package – If you inclination towards trading or investing in the commodities segment, then you can subscribe to this package where you will be given trading calls at intraday and positional level.
- Combo Package – finally, in this package you get the taste of every type of call across all segments including Equity, commodity and currency. The package contains multi-bagger calls to go along with intraday and positional tips, market outlook, research reports, fundamental analysis etc.
All these research tips and recommendations are provided through SMS primarily.
You can read this review in Hindi as well.
PowerYourTrade App
There is no mobile app provided by PowerYourTrade to its clients. In this day and age, having a business mobile app is more of a mandate rather than a differentiation. However, the firm has not launched any app yet.
Nonetheless, they do have a mobile version of their website that you can access.
This mobile website comes with tips and recommendations on the stock market based on the subscription you have availed from the advisory.
PowerYourTrade Subscription
All the above-mentioned services offered by PowerYourTrade are offered at three-time subscription levels, including:
- 3 months
- 6 months
- 1 year
Here are the complete details of different pricing plans:
Period/Plan | Technical | Fundamental | Commodity | Combo |
3 Months | ₹1800 | ₹1800 | ₹1800 | ₹4050 |
6 Months | ₹2700 | ₹2700 | ₹2700 | ₹6075 |
1 Year | ₹4320 | ₹4320 | ₹4320 | ₹9720 |
PowerYourTrade also offers a free 7-day trial but you will require using your credit card to avail this free trial. The credit card will not be charged until the first 7 days of your trial.
PowerYourTrade Performance
As far as figuring out the performance part is concerned, well, PowerYourTrade can be seen as one of the value-for-money advisory services.
Looking at their subscription charges and the corresponding number/accuracy of tips provided, this advisory firm can be seen as one of the starting points of any advisory subscription you may be looking for.
In other words, if you are a beginner, then going with a brand name but with the most basic plan so that you can get an idea of the service quality provided.
PowerYourTrade Customer Care
This is one of the limitations of this advisory firm. Although, they come with reasonable pricing and advisory services, when it comes to their customer support, there is a lot that can be improved.
First of all, communication channels are limited to email and phone.
The firm provides a range of frequently asked questions but when a user is looking for emergency assistance, these FAQs won’t really be in the priority list of the user.
Nonetheless, here are the contact details for your reference:
- Email: poweryourtrade[at]moneycontrol.com
- Phone: 022 – 3363 4400
PowerYourTrade Complaints
Here are some of the concerns of using advisory services of this research firm:
- No in-house research team takes away the ownership factor of the research provided by the firm.
- There are chances that the research is directly taken from the stockbroking partners and provided further to clients at a specific cost.
- The accuracy of technical calls is not so great.
PowerYourTrade Benefits
At the same time, you will get the following benefits of PowerYourTrade:
- Since it is powered by a strong media house, it certainly enjoys the user trust factor.
- Pretty reasonable priced plans offered.
- Free 7 day trial provided.
- There is a mobile site/app available for registered users.
Conclusion
PowerYourTrade certainly enjoys a decent brand name and provides multiple services to its clients based on their trading and investment preferences.
Since they don’t have an in-house research team, the quality of the calls and recommendations provided by their partners including stock broking houses and research analysts are not validated before those are sent to you.
Furthermore, once you subscribe to their 1-week free trial, you are most likely to get 1 or 2 calls and taking a judgement based on that, can be difficult.
However, it is suggested that if you are taking positional calls, make sure you validate the calls provided by the firm before putting your capital directly based on the call.
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