In this article, we will look at the different Tradeplus Charges that you will have to pay to use their service. This article covers Tradeplus Brokerage Charges, demat charges, transaction charges, account opening charges, and more.
Tradeplus is an online stockbroker that is famous for its brokerage-free trading plans. If you are considering opening an account with Tradeplus, you should know about their charges.
Tradeplus Brokerage Charges
The table below covers all the different Tradeplus Brokerage charges associated with different kinds of trades that you can perform through their online platform.
|Equity Delivery Trading||Rs.10|
|Equity Intraday Trading||Rs.10|
|Equity Futures Trading||Rs.10|
|Equity Options Trading||Rs.10 per Lot|
|Currency Futures Trading||Rs.10|
|Currency Options Trading||Rs.10 per Lot|
|Demat AMC Charges||NA|
|Trading AMC Charges||Free|
|Brokerage Calculator||Tradeplus Brokerage Calculator|
The brokerage charges on equity delivery trades through Tradeplus are fixed at Rs.10. Intraday trades are charged at Rs.10 per trade as well. For equity futures trades, the brokerage charge is Rs.10. Equity options are charged at Rs.10 per lot.
Tradeplus allows trades in forex markets wherein currency futures trades have a brokerage fee of Rs.10. For currency options, you will have to pay a brokerage fee of Rs.10 per lot of options you buy. There is no brokerage fee charged on Commodity markets by Tradeplus.
In any case, the minimum Tradeplus brokerage cost that one must pay for trades on their platform is Rs.10.
If you want to open a Demat account with Tradeplus, there are no Demat AMC charges that you will have to pay. The Trading AMC charges are free as well. You also don’t have to maintain any margin money.
Open Demat Account with Tradeplus – Fill up the Form Now!
Tradeplus Account Opening Charges
There are different charges that you have to pay to open an account. The Tradeplus Account Opening Charges are mentioned in the table given below:
|Trading Charges [One Time]||Free|
|Trading AMC [Yearly]||Free|
|Demat Charges [One Time]||NA|
|Demat AMC [Yearly]||NA|
There are no one time Tradeplus trading charges that you have to pay at the time of opening an account with Tradeplus. There are no Demat Charges for opening a Demat account and no yearly Annual Maintenance Charges for it as well.
The Tradeplus AMC Charges for opening a trading account are free of cost. If you have a Demat account with Tradeplus, you don’t have to maintain any margin money in your account unlike some other Demat account providers.
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Tradeplus Transaction Charges
You are required to pay certain percent of each transaction you perform through Tradeplus. The Tradeplus Transaction Charges are mentioned in the table below:
|Equity Delivery||0.00325% of Total Turnover|
|Equity Intraday||0.00325% of Total Turnover|
|Equity Futures||0.00325% of Total Turnover|
|Equity Options||0.00325% of Total Turnover|
|Currency Futures||0.00325% of Total Turnover|
|Currency Options||0.00325% of Total Turnover|
|Commodity||0.00325% of Total Turnover|
The transaction cost charged on equity delivery transactions is 0.00325% of the total trading amount. For intraday trades, you are required to pay 0.00325% of the total turnover amount per trade as well. Equity Futures transactions at Tradeplus are charged at 0.00325% of the transaction amount.
The Tradeplus Charges for Equity Options trades are 0.00325% of the options trade value. For Currency Futures transactions, you have to pay 0.00325% of the trade amount as the transaction charge to Tradeplus.
Similarly, for Currency Futures transactions, the transaction charge is 0.00325% of the total futures amount. Commodity trades have a transaction charge of 0.00325% of the transaction amount.
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Tradeplus Trading Charges
There are some costs associated with trading with Tradeplus apart from those mentioned above. Such Tradeplus Charges are mentioned below.
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% 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|
Some of the Tradeplus Other Charges include charges like SEBI Turnover Charges, STT, Stamp Duty costs and more. The SEBI Turnover charges are 0.0002% of the total turnover amount. The Securities Transactions Tax (STT) is charged at 0.0126 percent of the amount traded.
The stamp duty charged depends upon the state you are trading from. The GST charged on all trades is 18% which is charged on brokerage and transaction charges. The margin funding charges are 18% excluding the GST charged on it.
The Reactivation charges are Rs.50 per segment, if you would like to reactivate. The account closure charges are also Rs.50 per segment if you would like to close. The Dematerialization charge is Rs.44.
Tradeplus Charges – Conclusion
Here we had a look over the different charges that are associated with the broking house. The different Tradeplus charges include trading charges, brokerage, account opening charges and more.
The brokerage charge for Tradeplus is fixed at Rs.20 per transaction. There is also a 0.00325% transaction cost associated with each transaction.
A good point is that there are no account opening charges. The Tradeplus Demat charges are also free of cost. Overall, the stock broker is a good choice for a broker considering their low brokerage costs and free account opening charges.
Open Demat Account with Tradeplus – Fill up the Form Now!
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