Aims to attract 1 million subscribers by 2025
During the beta testing phase, users exchanged an average of 1000 WhatsApp text/voice messages per month. Several users experimented with Speech-to-Text soon after onboarding.
“What to buy/trade” was the most popular question to AI followed by scrip charts
March 05, 2024: StoxBox, a leading Value Broker, is proud to announce the launch of one of India’s first-ever AI-powered trading platforms on WhatsApp, StoxBox WhatsApp Trader (SWT). This innovative platform is set to transform the trading experience, offering users the accessibility of chatting and voice messaging for various trading services. SWT is entirely free with no additional platform charges, promoting wider accessibility.
SWT integrates advanced Natural Language Processing (NLP) tools to interpret text and voice inputs, enabling customers to access detailed stock information, execute buy-sell transactions, receive StoxCalls recommendations, and even open Demat and Trading accounts directly via WhatsApp chat.
Mr. Yuvraj A. Thakker, Managing Director of StoxBox, expressed his enthusiasm for the new platform, stating, “StoxBox is thrilled to be at the forefront of innovation in the stock trading industry with the launch of SWT. This platform is a testimony to our commitment to providing cutting-edge solutions that enhance the trading experience for our customers. We are confident that SWT will set a new standard for convenience and accessibility in stock trading.”
Most importantly, one can use SWT for checking scrip details, charts, financial information and many more in simple English and sometimes SWT also answers queries in Hindi and that too for free. But to access StoxCalls recommendations one has to subscribe at a nominal cost of Rs 499 per month. However, if one is not taking StoxCalls subscription then also they can trade at a nominal cost of Rs 10 per order on SWT platform once KYC is done and demat account is opened.
In addition to trading services, SWT offers a GUI experience for complex tasks and advanced orders through WhatsApp’s ‘Flows’ feature. StoxBox’s flagship product, StoxCalls, prioritizes research services over conventional brokerage charges, providing subscribers with trading recommendations and timely exit alerts. The recommendations are made by seasoned SEBI-registered research analysts, ensuring unbiased and thoroughly researched advice.
About StoxBox
StoxBox, a subsidiary of BP Wealth, one of India’s oldest stockbroking firms, operates on a value-broking business model. The platform addresses several challenges faced by the investment industry, including biased advice, financial illiteracy, unregistered financial advisors, and the influence of social media personalities. By offering a wide range of investment products, such as stocks, ETFs, options, and futures, along with expert-led video courses, personalized coaching, StoxCalls, and resources, StoxBox strives to provide a seamless and user-friendly investment experience for its clients.
