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 Type Private
Broker Type Discount Broker
Headquarters Bangalore, Karnataka
Founder Vijay Singhania
Established Year 1999

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 Trading Rs.15 per Executed Order
Equity Intraday Trading Rs.15 per Executed Order
Commodity Options 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
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, 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 Charges 0.00300% of Total Turnover
STT 0.0113% of Total Turnover
SEBI Turnover Charges 0.0007% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% 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 Source CDSL & NSDL
Account Opening Charges Rs.400
Demat AMC Charges Rs.250 per Annum
Trading AMC Charges Free
Margin Money Zero Margin
Offline to Online No

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 Account No
Free Trading Account Yes
Discount on Brokerage Yes
Trading Happy Hours No
Flexible Brokerage Plans Yes
1 Month Brokerage Free No
Holiday Offers No
Referral Offers Yes
Zero Brokerage for Loss Making Trades No

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 Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
SIP Yes
Insurance No

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 Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations No
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 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 Reports No
Research Reports Yes
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports No
Top Picks Yes
Daily Market Review No
Monthly Reports No
Weekly Reports Yes
Offline Advisory No
Relationship Manager No

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 Delivery Upto 2X
Equity Intraday Upto 30X
Equity Futures Upto 7X
Equity Options Upto 7X
Currency Futures Upto 5X
Currency Options Upto 5X
Commodities Upto 6X
Margin Calculator Trade 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 – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform Yes
Mobile Site Platform Yes
Android App Platform Yes
iOS App Platform Yes
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
News Flash Yes
Research Reports No
Easy Installation Yes
Global Indices Yes
Stock Tips Yes
Personalized Advisory No
Interactive Charts Yes
Live Markets Yes
SMS Alerts No
Email Alerts Yes
Multi Account Management No

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 Dealer No
Offline Trading No
Online Trading Yes
24*7 Support No
Email Support Yes
Chat Support No
Toll Free Number No
Branches Zero

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 BSE 56
Resolvd in BSE 53
Lodged in NSE 75
Resolved in NSE 73

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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