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Trade Smart Online review

Trade Smart Online Demat, Brokerage, Margins, Trading Review 2024

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Trade Smart Review
Account Opening

Trade Smart Online is a Mumbai Based online discount brokerage brand by VNS Finance & Capital Services Ltd. VNS was founded by Mr.Vijay Singhania in 1994 as a full-service broker and entered into discount brokerage under the banner of Trade Smart Online in 2012. As per fresh data from NSE, VNS has 39,224 active clients under its belt and is successfully counted amongst the top 10 discount brokers in India. They do a daily exchange turnover of Rs 10,000 cr on NSE. 

Trade Smart is hugely popular because of its low brokerage plans and excellent customer support. They offer trading on mobile( both iOS & Android) through their “SINE” application and web-based version called “Sine Web”.

Trade Smart offers a percent based Value Plan. It also offers a Power Trading Plan which is based on the flat-fee brokerage model.

Trade Smart Online Brokerage Charges

Trade Smart offers two brokerage plans under the discount brokerage segment.

Trade Smart Account Opening Enquiry

POWER TRADING PLAN

  • Rs 15 per executed order, irrespective of the size or value of the trade. 
  • This plan is ideal for traders with a bigger trade size but less frequency.
  • Offers intraday exposure of up to 10x on Equities, 2x on F&O, 2x on Currency and 2x on Commodities
  • Margin against shares
  • No Minimum Commitment

Segment

Brokerage

Equity Intraday

Rs 15 per executed order

Equity Delivery

Rs 15 per executed order

Equity Futures

Rs 15 per executed order

Equity Options

Rs 15 per executed order

Currency Futures

Rs 15 per executed order

Currency Options

Rs 15 per executed order

Commodity Futures

Rs 15 per executed order

Commodity Options

Rs 15 per executed order

VALUE TRADING PLAN

  • 0.007 % Brokerage: Intraday Cash, Futures, Currency & Commodities
  • 0.07% Brokerage in Delivery
  • Rs 7 per lot in Options
  • Ideal for traders with lesser volume
  • Get intraday exposure of up to 10x on Equities, 2x on F&O, 2x on Currency and 2x on Commodities
  • Margin against shares
  • No Minimum Commitment

Segment

Brokerage

Equity Intraday

0.007%

Equity Delivery

0.07%

Equity Futures

0.007%

Equity Options

Rs 7 per lot

Currency Futures

0.007%

Currency Options

Rs 7 per lot

Commodity Futures

0.007%

Commodity Options

Rs 7 per lot

Note: There are no hidden charges, no advanced brokerage, and no minimum brokerage commitment in both the above plans.

Statutory Charges Levied

Trade Smart Charges

Equity Intraday

Equity Delivery

Equity Futures

Equity Option

Currency Futures

Currency Options

MCX Futures

MCX Options

STT/CTT

0.025%

0.10% both buy & sell

0.01% on sell side

0.05% on sell side (on premium)

No STT

No STT

0.01% on sell side

0.05% on the sell side

Turnover Charges

0.00345%

0.00345%

0.00250%

0.075%

0.00160%

0.055%

0.00390%

0.02%

GST

18%

18%

18%

18%

18%

18%

18%

18%

Stamp Duty

0.003%

0.015%

0.002%

0.003%

0.0001%

0.0001%

0.002%

0.003%

Sebi Fee

0.00005%

0.00005%

0.00005%

0.00005%

0.00005%

0.00005%

0.00005%

0.00005%

Other Trade Smart Charges

  • Additional Rs 20 per executed for Call & Trade.
  • Auto Square-off charges – Rs 20 per executed order additional charge if MIS, Cover Order, Bracket Orders that gets squared off in RMS auto square off system.
  • Demat transaction charges Rs.15 at the time of selling shares from Demat holdings.
  • Rs 8 + GST for instant payment gateway for fund transfer.

Trade Smart Online Margin & Exposure

Higher Exposure limits for intraday trades is one of the Unique Selling Point for Trade Smart. Exposure gives an advantage to the client to take high-value trade with low funds in their account. Trade Smart offers high exposure of 10x on an intraday basis. If you have Rs 10,000 in your trading account then you can trade up to Rs 1,00,000 for intraday.

Trade Smart does not offer any kind of exposure for overnight positions. Trade Smart offers Cover Order and Bracket Order facility to their clients.

Segment Wise Exposure Limits

Segment

Intraday

Overnight Positions

MIS

C/O

B/O

NSE Cash

Upto 10x

10x

10x

1x

BSE Cash

Upto 10x

N/A

N/A

1x

Equity/Index Futures

2x

2x

2x

1x

Equity/Index Options Buying

1x

1x

1x

1x

Equity/Index Options Writing (Selling)

2x

2x

2x

1x

Currency Futures

2x

2x

2x

1x

Currency Options Buying

1x

N/A

N/A

1x

Currency Options Writing

2x

N/A

N/A

1x

MCX Futures

2x

2x

2x

1x

MCX Options

N/A

N/A

N/A

1x

Trade Smart Online Account Opening 

You can open an account with Trade Smart within a couple of hours using the E-Sign Facility. Your mobile number should be linked with your Aadhar card for online account opening.

Follow the steps to open an account with Trade Smart

  • Visit Trade Smart Online here
  • Fill your contact details i.e Name, Email and Mobile Number
  • Fill your Pan Number and Birth Date
  • Verify your information through Central KYC Portal
  • Select Your Segment
  • Pay account opening fees
  • Fill your personal details
  • Upload mandatory documents
  • Fill your bank details
  • Confirm your details
  • Verify your email
  • Submit account opening application using adhar OTP

Read about Trade Smart Online account opening process

Documents required for account opening with Trade Smart Online

  • Pan Card
  • Aadhar Card
  • Canceled Cheque
  • Passport Size Photograph
  • Latest 6 months Bank Statement

All documents should be self-attested.

Mobile number should be linked with Aadhar Card

Online account opening process takes maximum 24 hours to open a new account.

If your aadhar card doesn’t have linked mobile number then you can download it from website,print it and send duly signed form along with required documents to Company office by courier. 

Offline account opening (Physical form) process takes a maximum of 2 working days to open a new account after receiving the form.

Trade Smart Online Trading Platforms

Clients can trade with Trade Smart Online in various ways. Trade Smart offers desktop trading software as well as a mobile app to its clients. Trade Smart offers Omnesys NEST and Dartstok for desktop users and the SINE Mobile app for trading. Also, it offers SINE web and Trade Smart Lite for web-based users.

NEST Trader Features

  1. Supports all the segments, i.e., Equity, Derivatives, Currency, Commodity
  2. Supports all major exchanges across India, i.e., BSE, NSE, MCX, NCDEX
  3. Advanced chart types and 80+ technical indicators for analysis
  4. Payment gateway facility for more than 25 banks
  5. Can place multiple order types including bracket order (C/O) and cover order (B/O) through NEST trader

Dart Stock Features

  1. Advanced chart types with 50+ technical indicators and 10+ line studies
  2. The scanners can be filtered by a pre-defined or user-generated watch list. Users can set any number of specific alerts and view them all centrally under the Alert manager.
  3. Live Rollover of Futures & Options, Option Chain, Open Interest (OI) Gainers & Losers, etc.
  4. In Dart Stock, there are over 25 End Of Day (EOD) reports helping users understand the movement of the scrip based on various criteria.
  5.  Other tools like preconfigured dashboards, Data visualization tools, News, etc

Sine Mobile App

  1. Available in Android and iOS both
  2. Designed to place buy/sell orders in Equity, Derivatives, Currency, and Commodity
  3. Users can view current markets, DP holdings, orders, positions, and balance in a single window.
  4. Can create multiple watchlists and add specific stocks to monitor
  5. The payment gateway for instant fund transfer from more than 25 banks
  6. Live Intraday charts of 1 min and 5 min in Bar, Line, and Candlestick styles
  7. Built-in 80+ technical indicators including RSI, MACD, Bollinger Bands
  8. Analytics for right option strategy

Sine Web Features

  1. Browser based application
  2. Supports all major features offered by the SINE Mobile app
  3. Compatible with both mobile and desktop browsers
  4. Designed for all types of traders, whether beginners, professionals, or veteran

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8 thoughts on “Trade Smart Online Review”

  5. I am Trading through Trade smart online since 2018 and I am using plan 15 Rs per trade which was chipped rate as compared to others . My friend recommended this trading service to me . When I was opened and used mobile app , I was satisfied the customer service to resolve technical and transaction related query by Tradesmart. Thanks for tradesmart to providing best trading tool.

    Reply

  7. I am Trading through Trade smart online since long time and find customer service very good. It has mobile based trading app which allow you to put orders in BSE exchange smoothly with other good features.

    Reply

  9. Trade smart is very nice and convenient to do trade.very smooth functioning and very much affordable brokerage. Very much satisfied with service. I recommend it to everyone

    Reply

  11. Trade Smart Online is the best discount broking firm. As trade smart provides the best trading platform also the app runs smoothly. So i got the best experience regarding the technical and fundamental knowledge. Thanks to Trade Smart for providing perfect knowledge about market.

    Reply

  13. I am trading through Tradesmart since 2014 and I have saved a lot of money on brokerage using Rs 15/order plan…
    Highly recommended……

    Reply

  15. TRADESMART !! it was well & expert advisory from one of my friend, as he recommended me to open demat account in your firm. Well to say it’s very much satisfied of your services. Thank you !!

    Reply

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