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 Customer Ratings & Review
About Trade Smart Online
|Broker Type||Discount Broker|
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|
|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
|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
|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 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|
|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:
- 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.
- 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 self-attested clear copy of PAN card in
- Self-attested copy of any of the following documents as Address Proof.
- Aadhar Card.
- Ration card
- Driving License Passport
- Latest Electricity Bill
- The Latest Telephone Bill
- Latest Bank Statement (for last 6 months)
- 1 Passport Size Color Photograph
- 1 Cancelled cheque for bank details:
- Name to be mentioned on the cheque and cheque needs to be cancelled and signed
- MICR no. & IFSC code should be mentioned on cheque.
- Last 6 months Bank Statement
- 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.
- 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:
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:
|3 in 1 Acount||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|
|Company Stock Review||No|
|Free Stock Tips||Yes|
|Daily Market Review||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|
|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
|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|
|Online MF Buy||Yes|
|Multi Account Management||No|
Trade Smart Online has three distinct type of trading platforms:
- 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
|Toll Free Number||No|
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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