Trade Smart Online Charges – Find Brokerage Charges, Account Opening Charges & more
Last Updated Date: Nov 17, 2022We’ll review the company’s brokerage policies within this article. So, all of Trade Smart Online Charges including Trade Smart Online Brokerage Charges, Trading Charges and other relevant taxes will be covered within the article. So, just stay with us as we go on explaining each of these charges in detail.
Trade Smart Online is a fore front financial advisory venture started in 1999. The company belongs to Bengaluru, Karnataka and was incorporated by Vijay Singhania. It is basically a part of the former financial giant VNS Finance. It has over 17,000 active clients.
It makes a daily turnover of around Rs.2,500 Crores. However, the company does not have any physical branches located throughout the nation. In fact, it relies totally on its online trading platforms to commence business activities.
Trade Smart Online Brokerage Charges
Trade Smart Online brokerage plans tend to be the most interesting part for many clients. So, we’ve managed to explain all of these charges through the table below. Go take a look!
| Brokerage Charges | |
| Equity Delivery Trading | Rs.15 per Executed Order |
| Equity Intraday Trading | Rs.15 per Executed Order |
| Equity Futures Trading | Rs.15 per Executed Order |
| Equity Options Trading | Rs.15 per Executed Order |
| Currency Futures Trading | Rs.15 per Executed Order |
| Currency Options Trading | Rs.15 per Executed Order |
| Commodity Trading | Rs.15 per Executed Order |
| Minimum Brokerage | Rs.15 |
| Demat AMC Charges | Rs.250 per Annum |
| Trading AMC Charges | Free |
| Margin Money | Zero Margin |
| Brokerage Calculator | Trade Smart Online Brokerage Calculator |
Trade Smart Online Brokerage charges are unlike any other broker. These charges do not vary on the basis of services acquired. On the contrary, they’re charged at a uniform manner. As you can see within the table above the top of the list is occupied by Equity Delivery Trading.
Services relating to this domain are charged at Rs.15 per executed order. In fact, this is not the only domain that these charges are applicable to. All trading domains including Equity Intraday, Equity Futures, Equity Options, Currency Options, Currency Futures and Commodity Trading are charged for at this exact same rate.
The minimum brokerage rate for any transaction to occur is Rs.15. The company does not have any specific Trading AMC. This means that their clients may use the Trading Platform for free. However, a sum of Rs.250 per annum is levied in terms of Demat AMC. The clients aren’t forced to have any balance as Margin Money.
Open Demat Account with Trade Smart Online – Fill up the Form Now!
Trade Smart Online Account Opening Charges
Every little detail about Trade Smart Online Account Opening Charges is mentioned under this very part. We’ve even used a table to easily enlist all the charges. So, go ahead take a look!
| Account Opening Charges | |
| Trading Charges [One Time] | Rs.300 |
| Trading AMC [Yearly] | Free |
| Demat Charges [One Time] | Rs.400 |
| Demat AMC [Yearly] | Rs.250 per Annum |
| Margin Money | Zero Margin |
Trade Smart Online does not believe in providing a lot of freebies. On the contrary, they provide services that really make an impact for the clients. They do come up with occasional freebies from time to time nonetheless. We’re talking about their Trading AMC Charges.
They provide services related to Trading AMC completely free of cost. However, Trade Smart Online Trading charges are applied to the Trading platform usage. This charge is levied at a rate of Rs.300. They even levy Rs.400 in terms of Demat Charges. Trade Smart Online AMC Charges are also applied for Demat AMC.
This is imposed at a rate of Rs.250 per annum. However, the company does not have any restriction pertaining to minimum Margin Money value.
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Trade Smart Online Transaction Charges
Trade Smart Online Transaction Charges are applied for all the services they provide. These charges are imposed every time one of their clients commences a trade. You may get all the details about these charges by looking at the table below.
| Transaction Charges | |
| Equity Delivery | 0.00300% of Total Turnover |
| Equity Intraday | 0.00300% of Total Turnover |
| Equity Futures | 0.00300% of Total Turnover |
| Equity Options | 0.00300% of Total Turnover |
| Currency Futures | 0.00300% of Total Turnover |
| Currency Options | 0.00300% of Total Turnover |
| Commodity | 0.00300% of Total Turnover |
Trade Smart Online charges their clients with a number of different brokerage value. This part specifically talks about the Transaction Charge they levy. As you can see within the table above, these charges are charged at a uniform price.
This means that all of their services are charged at a Transaction Charge of worth 0.00300% of total turnover. And, by all we mean the services pertaining to Equity Intraday, Equity Delivery, Equity Futures, Equity Options, Currency Futures, Currency Options and Commodity Trading.
Find Transaction Charges of other Brokers
Other Charges as Levied by Trade Smart Online
Trade Smart Online charges include some other charges apart from the usual brokerage. These charges are imposed as per government policies and, they’re all mentioned within the table below.
| Other Charges | |
| SEBI Turnover Charges | 0.0007% of Total Turnover |
| STT | 0.0113% of Total Turnover |
| Stamp Duty | Depends on State (very minimal) |
| GST | 18% of (Brokerage + Transaction Charges) |
| Margin Funding Charges | 18% + GST |
| Reactivation Charges | Rs.50 per Segment |
| Account Closure Charges | Rs.50 per Segment |
| Dematerialisation Charges | Rs.44 |
The list of Trade Smart Online Other charges begins with imposition of SEBI Turnover Charges. This particular charge is imposed at a rate of 0.0007% of total turnover made by the clients.
The next set of tax is related to STT. This is more commonly known as Securities Transaction Tax and, this is imposed at a rate of 0.0113% over the total turnover generated by their clients.
A GST worth 18% is applied to the sum of overall brokerage and transaction charges. The clients are even imposed with 18% + GST on Margin Funding Charges. The last set of taxes as imposed by the company over their clients is for Stamp Duty. This is a negligible amount and, it is usually charged as per state laws.
The clients even need to pay Rs.50 per segment for Account Closure and Reactivation. Lastly a charge worth Rs.44 is imposed on the clients in terms of Dematerialization Charge.
Trade Smart Online Charges – Conclusion
We have told you everything there is to know about Trade Smart Online Charges. Now it’s time for you decide if the company stands tall as per you current requirements.
Open Demat Account with Trade Smart Online – Fill up the Form Now!
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