Legal

Disclaimer and risk disclosure

Plain words on what TradeON is, what it is not, and what you should know before you trade.

01Who we are

TradeON is software made and operated by Ontu Technologies. It is a screen for placing and managing option orders through the Kotak Neo Trade API, which Kotak Securities provides to its own customers.

To use TradeON you need your own Kotak Neo trading and demat account with the Trade API enabled. Your relationship for trading, funds, securities, margins, contract notes and charges is with Kotak Securities, under Kotak's terms.

02We are not a broker, adviser or analyst

Ontu Technologies is not a stock broker, sub-broker, authorised person, investment adviser, research analyst or portfolio manager, and is not registered with SEBI or any exchange in any such capacity.

We do not execute, clear or settle trades. We do not manage money. We do not operate your account for you.

03No advice, tips or recommendations

Nothing in TradeON, on this website, in our emails or in our support conversations is investment advice, a recommendation, a trading call or a solicitation to buy or sell any security or derivative.

Prices, charts, moving averages, open interest and profit and loss figures are information displays only. Demos and illustrations on this site use sample or simulated prices and are not a record or a forecast of any result. Every decision to trade is yours alone.

04Risk disclosure for derivatives

Trading in futures and options carries a substantial risk of loss and is not suitable for everyone. You can lose all of the money you put into a trade, and option sellers can lose more than the premium they receive. Trade only with money you can afford to lose.

SEBI's study of individual traders in the equity futures and options segment (published 25 January 2023) found that 9 out of 10 incurred net losses; that loss makers lost close to ₹50,000 on average; that they spent a further 28% of their net losses on transaction costs; and that those who made a net profit spent between 15% and 50% of it on transaction costs.

A target or stop-loss placed from TradeON is an order resting at the exchange. It may not be filled, or may be filled at a different price, in a fast or illiquid market.

05Zero brokerage and other charges

Zero brokerage on options is a feature of Kotak's Trade API pricing. It is Kotak's offer, not ours, it applies only to orders placed through that API, and Kotak can change or withdraw it at any time.

Securities transaction tax, exchange transaction charges, SEBI fees, stamp duty, GST and any other statutory or broker charges continue to apply as Kotak levies them. The savings calculator on this site is arithmetic on brokerage alone and is not an estimate of profit.

The TradeON membership and trial fees are for the use of the software only.

06What we store, and what we never store

So that orders can be placed for you from this site, we store your Kotak Trade API consumer key (encrypted), your registered mobile number, your UCC, and the session Kotak issues when you log in for the day.

Your MPIN is never stored. You type it at each login, it is sent to Kotak over an encrypted connection to complete that login, and it is discarded. Your TOTP is used once in the same way. We never ask for your Kotak password, and we cannot move funds out of your account.

You can log out of Kotak from TradeON at any time, and you can revoke TradeON's access yourself from the Trade API section of Kotak Neo.

07Availability, prices and orders

TradeON depends on Kotak's systems, the exchanges, the internet and our own servers. Any of them can be slow or unavailable. Prices shown may be delayed or momentarily wrong, and the chart is built only from prices TradeON has received during the day.

An order may be rejected, delayed, partly filled or not placed at all. Always check your order book and positions, and keep the Kotak Neo app available as a second way to manage or exit a position. The software is provided as it is, and to the extent the law allows, Ontu Technologies is not liable for trading losses or missed opportunities arising from its use or unavailability.

08Independence and trademarks

Kotak, Kotak Neo and Kotak Securities are marks of their respective owners. TradeON is independent software. Ontu Technologies is not affiliated with, sponsored by or endorsed by Kotak.

The link on this site to open a Kotak Neo account is a referral link.

09Contact

Questions about this page or about your account: admin@ontu.in.