Trade Smart Online Review, Brokerage Charges, Demat A/C, Platforms & more

Trade Smart Online is a venture of the erstwhile financial giant VNS Finances, which has been in the business since 1994. It is a technology driven organization and believes in uplifting people’s lives with the use of innovative and exemplary methodologies.

This article here illustrates the different shades of Trade Smart Online. If you are looking at getting associated with them for your trading needs, this article would give you a deep insight about their various Products and Services that they offer.

We will also give detailed information on their brokerage plans, other charges that are being levied by them, different offers that they launch for customers and most importantly, their Trading Platforms and their benefits.

Trade Smart Online


Trade Smart Online Customer Ratings & Review

Trade Smart Online Customer Ratings & Reviews


About Trade Smart Online

Overview
Company TypePrivate
Broker TypeDiscount Broker
HeadquartersBangalore, Karnataka
FounderVijay Singhania
Established Year1999

VNS Finances was a registered NSE member since 1994 and had a strong presence in the financial services industry. Trade Smart was started in 1999 by My Vijay Singhania in Bangalore Karnataka and started off as a Discount broker while the erstwhile VNS was more into Full-Service Broking.

The Trade Smart has a winning history of deploying innovative technological solutions and hence the objective of starting of Trade Smart was to provide smart and seamless trading experience to customers through their various trading platforms and services.

Trade Smart clocks in around Rs. 2500 Crore worth of trade turnover daily with a customer base of more than 17000 which is also growing rapidly.

They have their centers at multiple locations of the country and thousands of Sub brokers and dealers associated who are responsible in increasing the sales. The flexibility to trade in multiple exchanges across multiple segments is also available with Trade Smart.

They are registered with BSE, NSE, MCDX and other exchanges as well. You can trade in Equity, Currency, Commodity & Derivatives all at one go.  The versatile trading platforms that Trade Smart has launched are also getting a lot of accolades from their customers and many new traders get associated with them every year due to the same.


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    Trade Smart Online Brokerage Charges 

    Brokerage Charge & Fees
    Equity Delivery TradingRs.15 per Executed Order
    Equity Intraday TradingRs.15 per Executed Order
    Commodity Options TradingRs.15 per Executed Order
    Equity Futures TradingRs.15 per Executed Order
    Equity Options TradingRs.15 per Executed Order
    Currency Futures TradingRs.15 per Executed Order
    Currency Options TradingRs.15 per Executed Order
    Minimum BrokerageRs.15
    Demat AMC ChargesRs.250 per Annum
    Trading AMC ChargesFree
    Margin MoneyZero Margin
    Brokerage CalculatorTrade Smart Online Brokerage Calculator

    Trade Smart Online, being a Discount broker, plans for all types of traders and hence has come up with flexible Brokerage plans depending upon your trade volume and frequency. They have two distinct types of Brokerage plans – one for lesser volume traders and the other for high Volume traders.

    In the Lesser Volume plan, they charge as per a percentile of the trade amount. For Equity Intraday, Futures, Currency & Commodities, they charge 0.007% of the trade value and for Equity Delivery, they charge 0.07% of the trade value.

    For Options trading, they would charge Rs. 7 per lot irrespective of the trade amount. That’s the percentile standard charge for a less volume trader who would not be frequent in his transactions and also not too much value as well.

    However for High Volume traders, they have a Standard Charge of Rs. 15 per executed order charge which is charged to the trader for each trade irrespective of the trade value. Hence you trade worth 1 Lac, 10Lac or 1 Crore, the charge would be the same for a single order.

    This kind of a plan is ideal for high net worth customers. Trade Smart Online also comes with a Zero Margin Money concept. They want more and more people to join them and trade and hence there is no account Opening fee and no Margin money as well.


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    Trade Smart Online Charges

    Other Charges
    Transaction Charges0.00300% of Total Turnover
    STT0.0113% of Total Turnover
    SEBI Turnover Charges0.0007% of Total Turnover
    Stamp DutyDepends on State (very minimal)
    GST18% of (Brokerage + Transaction Charges)

    Every broking firm has to charge some mandate add-on charges to the customer along with their standard brokerage due to the government mandates.

    With Trade Smart, the Transaction charges is 0.003% of the total turnover value, the Securities transaction tax is 0.0113% of the total turnover value and the SEBI turnover charges is 0.0007% of the total turnover value.

    Apart from this, there is a GST amd Stamp Duty charge as well. GST is generally 18% of the total brokerage and transaction charge that you have paid and Stamp duty depends completely on the state you are trading in.


    Trade Smart Online Demat Account Opening Fees

    Demat Services
    Depository SourceCDSL & NSDL
    Account Opening ChargesRs.400
    Demat AMC ChargesRs.250 per Annum
    Trading AMC ChargesFree
    Margin MoneyZero Margin
    Offline to OnlineNo

    Being a Discount broker and a leading financial services company, Trade Smart also needs to provision traders with Demat Accounts in their company. Hence they have registered with CDSL & NSDL for depository licenses.

    To get started with Trade Smart, you wouldn’t need a minimum security deposit; however you would surely need to open up a Trading Account & a Demat Account.

    The Trading Account opening comes for a charge i.e. Rs 400 per account, however there is no charge for the Demat account opening. But there is a certainly a Demat Account maintenance charge which is Rs. 250 per annum; however there is no AMC charge for a trading account.

    Trade Smart Online Review & Brokerage Charges


    Trade Smart Online Offers

    Offers
    Free Demat AccountNo
    Free Trading AccountYes
    Discount on BrokerageYes
    Trading Happy HoursNo
    Flexible Brokerage PlansYes
    1 Month Brokerage FreeNo
    Holiday OffersNo
    Referral OffersYes
    Zero Brokerage for Loss Making TradesNo

    Trade Smart Online, as the name suggests, is a very smartly driven organization whose core objective is to enable people to trade more smartly and effortlessly.  Hence their trading platforms are an edge better than other trading platforms.

    They offer flexible brokerage rates, discount on brokerages and brokerages as per customer’s usage as well. They also have Referral offers for people who refer friends  and family to the company, they would get some additional benefits like trading points and cash benefits as well.


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    How to open Demat Account with Trade Smart Online?

    Opening an account with Trade Smart Online is very easy and simple.  They have put up a tab in their home page itself which says “Open Trading Account”. Once you click on that the process is very simple after that:

    1. You need to fill up the registration form online which includes all your details like Full name, Contact number, Email ID, Address, Annual Income, Salaried or Self Employed, Bank Account details, PAN number and Adhaar card number etc.
    2. Once you fill all the details, the system will prompt you to upload all your KYC documents. The below mentioned documents are required for the account opening:
      1. 1 self-attested clear copy of PAN card in
      2. Self-attested copy of any of the following documents as Address Proof.
        1. Aadhar Card.
        2. Ration card
    • Driving License Passport
    1. Latest Electricity Bill
    2. The Latest Telephone Bill
    3. Latest Bank Statement (for last 6 months)
    1. 1 Passport Size Color Photograph
    2. 1 Cancelled cheque for bank details:
      1. Name to be mentioned on the cheque and cheque needs to be cancelled and signed
      2. MICR no. & IFSC code should be mentioned on cheque.
    3. Last 6 months Bank Statement
    1. Once you submit all the documents, your IPV (in person verification) will be conducted by the company. If you are physically unavailable, the company gets this done via a webcam as well.
    2. Post all this is done, it takes maximum 3 days to get your Account details and then you can get kick started.

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      Why Open Trade Smart Online Trading Account?

      As per the SEBI regulatory, every Broking house should also be a Depository partner with some exchange and get the Trading account also opened who wants to start trading. If you are wondering why you should open your trading account with Trade Smart, then below are some of the reasons:

      • Over 25 years exposure and adaptability in the financial industry
      • Flexible and low cost brokerage plans matching your requirements
      • Allows you to trade in multiple exchanges and multiple segments at the same time
      • /No Margin money or security deposit required, which means it is a Zero balance trading account
      • Upto 60 times exposure during Intraday trading
      • Over 50,000 happily trading customers making a business of 5000 crores per day
      • Dedicated customer support team to help round the clock

      Trade Smart Online Products & Services

      List of products & services provided to its clients

      Trade Smart Online Products:

      Products
      Equity TradingYes
      Commodity TradingYes
      Currency TradingYes
      OptionsYes
      FuturesYes
      Mutual FundsYes
      ForexNo
      BankingNo
      SIPYes
      InsuranceNo

      Trade Smart Online does everything 200%. When it comes to products also, they offer the best and world class products. Under broking services, you can trade in all segments be it Equity, Commodity, Currency or Derivatives.

      You can trade Intraday, Options, Delivery or Future. Trade Smart is into Mutual Funds as well; they help you grow your portfolio by keeping a close eye on that. They also offer SIP services, Forex and Insurance products to customers

      Trade Smart Online Services:

      Services
      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AcountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsNo
      Robo AdvisoryNo
      PMSNo
      Trading InstitutionNo
      Trading ExposureUpto 30X

      As far as a service is concerned, being a discount broker also, Trade Smart still provides all services like a Full Service broker. They offer Demat services, trading account, Intraday services, Delivery service, and IPO services too. They also provide an exposure of approx 30 times of the amount deposited.


      Trade Smart Online Research, Advisory & Stock Tips

      Research & Advisory
      Fundamental ReportsNo
      Research ReportsYes
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsYes
      IPO ReportsNo
      Top PicksYes
      Daily Market ReviewNo
      Monthly ReportsNo
      Weekly ReportsYes
      Offline AdvisoryNo
      Relationship ManagerNo

      As mentioned earlier as well, this company boasts about its research and analytics capabilities and hence that comes as a great advantage to its customers.

      They do provide regular reports to customers in the form of monthly, weekly and daily reports as well on the health of the market, market trends and forecast on what’s going to be beneficial and what’s not.

      Stock tips, IPO reports and other Top picking stocks is also what they provide regularly as recommendations.

      They also provide a dedicated Relationship Manager whose core job is to assist you with your financial decisions and help you take better calculated steps in your investments.


      Trade Smart Online Exposure or Leverage

      Exposure / Leverage
      Equity DeliveryUpto 2X
      Equity IntradayUpto 30X
      Equity FuturesUpto 7X
      Equity OptionsUpto 7X
      Currency FuturesUpto 5X
      Currency OptionsUpto 5X
      CommoditiesUpto 6X
      Margin CalculatorTrade Smart Online Margin Calculator

      Trade Smart offers lots of leverage and exposure to its customers to enable smooth trading transactions and complete transparency.

      They offer the maximum exposure in Equity Intraday which is upto 30 times the trade value; thereafter followed by Equity Futures & Options, wherein 7 times exposure is given. For commodities, they provide 6 times exposure and for Currency futures and Options, they provide 5 times exposure than the actual trade value.

      This kind of heavy exposure and leverage clearly means that they are very keen for getting customers involved and trade more and more each day.


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      Trade Smart Online Trading Platforms

      Trading Platforms
      Desktop Platform – WindowsYes
      Desktop Platform – MacYes
      Desktop Browser PlatformYes
      Mobile Site PlatformYes
      Android App PlatformYes
      iOS App PlatformYes
      Windows App PlatformNo
      Other Mobile OS PlatformNo
      Real time UpdatesYes
      Portfolio DetailsYes
      Online MF BuyYes
      News FlashYes
      Research ReportsNo
      Easy InstallationYes
      Global IndicesYes
      Stock TipsYes
      Personalized AdvisoryNo
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsNo
      Email AlertsYes
      Multi Account ManagementNo

      Trade Smart Online has three distinct type of trading platforms:

      • Trader
      • Mobile Based
      • Browser based

      Trade Smart Online Trading Terminal – Trader:

      This is a Desktop based platform which a user can download & use from his desktop and trade seamlessly. It has certain features

      • Bulk Order entry can be done
      • Tie up with over 26 banks for funds transfer
      • High speed performance and maintains faster trading
      • Constant Market Watch and reports in excel
      • Arbitrage Watch on the market performance from time-to-time
      • Basket Trading options available

      Trade Smart Online Browser Based Trading Platform

      The Trade Smart’s Web based trading platform provides lot of flexibility to the customers to trade from anywhere and has many benefits:

      • Flexibility to trade on the go
      • Seamless trading through the web based platform
      • Highest level of security features for data confidentiality
      • Real-time market watch and updates
      • Customizable Workspaces
      • End-to-end portfolio management

      Trade Smart Online Mobile Trading App

      This mobile based platform has given a lot of flexibility to traders. Some of its features are:

      • Has all features of the Desktop platform & the Web based platform on your mobile
      • Can trade on the go from anywhere across the globe.
      • Follow global indices
      • Tracking portfolio and positions easily
      • Latest market reports and updates
      • Get up to date ledger
      • Transfer funds from the mobile itself. Tie up with over 26 banks for funds transfer
      • High speed and secure functioning

      Trade Smart Online Customer Support

      Customer Support
      Dedicated DealerNo
      Offline TradingNo
      Online TradingYes
      24*7 SupportNo
      Email SupportYes
      Chat SupportNo
      Toll Free NumberNo
      BranchesZero

      Trade Smart Online has deputed a customer support team which is on job to help you all the time any time. it has customer service desk that you can reach out to.

      They can also be reached by email support and they also have a chat box in their website which you can use to resolve your queries anytime of the day.


      Trade Smart Online Complaints & Feedback

      Complaints (Current Year)
      Lodged in BSE56
      Resolvd in BSE53
      Lodged in NSE75
      Resolved in NSE73

      Like any other company, Trade Smart also receives customer complaints and that becomes a reason for the company to get better every time.

      This year as well Trade Smart has received a few complaints however the good part is that they have been able to resolve most of them instantly after talking to the customer.

      53 out of 56 complaints lodged in BSE were resolved and 73 ouit of 75 lodged in NSE were resolved.


      Trade Smart Online Disadvantages

      The Trade Smart Online has been able to provide most benefits to their customers and hence there doesn’t seem to be any disadvantage to their customers


      Trade Smart Online Conclusion

      The Trade Smart Online has virtually lived by providing dynamic versatile services to its customers. Hence they have been stable in the industry for so long.

      If they continue to do so, with the platforms and services they offer, they will be the top broking house in India


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