Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support.
TradeSmart is a discount broking venture of VNS Finance & Capital Services. Started in 1994 and has served in the Indian market for over 2 decades, TradeSmart became one of the best discount brokers in India with the lowest brokerage trading, dedicated brokerage plans to meet everyone’s needs, technology-driven trading platforms, and margin trading. Before moving ahead, read the complete TradeSmart Review 2022 including its account opening charges, brokerage charges, types of trading platforms, customer care details, and pros & cons.
The Mumbai-based discount broker, TradeSmart is a member of BSE, NSE, and MCX to offer online trading in stocks, futures & options, commodities, and currencies segments. Residents can open a Demat cum trading account to join TradeSmart to trade on BSE, NSE Cash, CDS, MCX, and also invest in IPOs and direct mutual funds.
Whether you are a new trader or beginner or professional enthusiast, you will definitely love the Value and Power brokerage plans at TradeSmart. The Value Plan charges a minimal brokerage fee of 0.007% or 7 paise whereas the Power plan is ideal for active traders to trade at just Rs. 15 flat brokerages across all segments.
Compared with India’s leading discount broker; Zerodha; TradeSmart charges less brokerage fee of Rs. 15 but unlike Zerodha, delivery trading is not free. Both brokerage firms facilitate direct mutual fund investment for free.
Technology today becomes another important aspect when choosing the right broker. TradeSmart has all types of next-gen, sleek designed, and user-friendly SINE mobile app and a browser-enabled trading website. The platforms are easy-to-use or navigate along with many technical features like Trade from the chart, advanced charting, and 80+ trading indicators for technical analysis. It also has the TradeSmart mobile app on the play store and Nest Trader and Fox Trader desktop trading software for pro traders.
TradeSmart provides satisfactory online customer care via email, helpline desk, and web chat facility. Read more details about the TradeSmart Review 2023 below;
Current promotion offer from Zerodha for InvestorGain Visitors:
TradeSmart has simple and transparent brokerage plans for small traders (Value Plan) as well as frequent heavy volume buyers (Power Plan).
The first Value Plan is a traditional percentage brokerage plan that charges a fixed 0.007% brokerage fee (Rs. 7 per lot on options trading) from customers on trading in different segments. However, the Power Plan is a modern-age flat brokerage model that facilitates online trading at Rs. 15 flat brokerage charges regardless of the trading volume. The brokerage is even lower than India’s top discount broker – Zerodha and Upstox’s Rs. 20 brokerage plan.
Both the plans charges highly competitive brokerage fee from clients on trading in delivery, intraday and derivative segments. The plan allows traders and investors to save upto 90% of brokerage. You are also offered the flexibility to switch between the said brokerage plans.
|Trading Account Opening Charges:||Rs 200|
|Trading Account AMC:||Free|
|Demat Account Opening Charges:||Rs 200|
|Demat Account AMC:||Rs 300 PA|
Here we are comparing TradeSmart with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Discount Broker||Discount Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||Rs 15||Rs 20||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||3 in 1||3 in 1||2 in 1|
|Equity Delivery||Flat Fee Rs 15||Flat Fee Rs 20||Free||2.5% or Rs 20 whichever is lower||2.5% or Rs 20 whichever is lower|
|Equity Intraday||Flat Fee Rs 15||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||Flat Fee Rs 15||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Flat Fee Rs 15||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Flat Fee Rs 15||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
|Currency Futures||Flat Fee Rs 15||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower||NA|
|Currency Options||Flat Fee Rs 15||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20||NA|
Likewise, every other broker, TradeSmart provides the 2-in-1 account (trading and demat) account opening facility to resident customers only. It does not facilitate an NRI trading facility.
Join Tradesmart by opening an account in a 100% paperless and quick account opening manner. The broker provides a hassle-free online process that hardly takes upto 10 minutes to open a TradeSmart account.
Your application to open a Demat account with Tradesmart is completed, now all the details will get verified by the broker, and later, you will receive a user ID and password to your registered email ID.
TradeSmart has SINE online trading platforms in a mobile app and browser-enabled trading website. SINE is an in-house designed platform keeping into account beginners and traders' requirements to make the platform innovative and feature-rich. It also provides many 3rd-party trading software like Darstock, Fox Trader, and Nest Trader. Let&rsquo's quickly review the prominent features offered by each of the trading platforms;
For detail review of mobile app and download please visit TradeSmart Trading Platform Review.
Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
There are several disadvantages or limitations as well of trading with TradeSmart such as follows;
Thanks to the active customer support provided at TradeSmart. Any customer can contact the customer care executives via email, and helpline number. Thus, online support is offered by the broker. Whether you are an existing customer or a new/prospective trader, you can write a mail for the required assistance or query. It also facilitates online chat support on the web portal where anyone can drop his/her query and seek a solution.
If you are a new customer who is looking to open an account with TradeSmart then you can contact the customer service representatives via [email protected]. Further, customers can drop general queries on the [email protected]
No doubt, TradeSmart has several benefits to trade with like flexible Value and Power brokerage plans to suit different kinds of investors, great platforms, and good customer support among a few. However, despite the lowest cost-effective brokerage fee of Rs. 15/order and above 25 years of experience in the Indian brokerage space, TradeSmart has failed to carve a strong brand image in the eye of customers. Its Rs. 15 brokerage plan is not single-handedly enough to compete with India&rsquo's number 1 discount broker; Zerodha which started in 2010 but has the highest active clientele base.
Last updated on: 2023-09-01
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