Trade Smart online is an online brokerage undertaking of VNS Finance which itself has been into the brokerage business for more than two decades.
About Trade Smart Online
Unlike other brokerage houses, Trade Smart Online is not a recent set up. Thus, this portal is backed by a handsome quantum of experience.
It is enrolled with NSE, BSE and MCX and NCDEX.
Trade Smart Online is being managed by Vijay Singhania, Vikas Singhania and Neha Singhania.
The founders and other team members often contribute to their knowledge blog through articles and write ups. One of the founders, recently published an editorial piece on pre-budget – briefing on the expectations from the union budget 2018.
TSO has entered into a tie up with Global Financial Datafeeds LLP (GDFL) and have launched an integrated version of their trading platform, NEST with latter’s application – Amibroker which allows the users to adopt Algo Trading. This has been discussed further in detail in Offer Section.
Trade smart online Brokerage charges and fees
Trade Smart Online offers 3 variations of plans depending upon the volume of trade expected:
Low volume Plan
The investors who expect to undertake lower volume of trade would be levied following brokerage:
- Intraday cash/future/currency/commodities – 0.007%
- Delivery – 0.07%
- Options – Rs. 7 each lot
This plan allows following leveraging pattern:
- Equities (Intraday) – 30 times
- Equities (delivery) – 4 times
- Future and options – 5 times
- Commodities – 5 times
- Currency – 3 times
High volume Plan
For investors who undertake trade transactions very frequently and trade at high volume, Trade Smart offers following monthly plan:
- Cash and F&O – INR 3999 per month for unlimited trading in cash/F&O
- Currency – INR 1999 per month for unlimited trading in currency derivative instruments
- Commodity – INR 3999 per month for unlimited trading on MCX and NCDEX
This plan allows following leveraging pattern:
- Intraday/cash – 30 times
- Intraday/Future – 5 times
- Intraday/Option writing – 5 times
- Intraday/Option writing – 1 time
- Intraday/Currency – 3 times
- Intraday/Commodities – 5 times
This plan gives the investor flexibility to share the margin between cash/F&O and currency trading.
Average volume plan
For investors who undertake trade transactions less often frequently but have high order size, Trade Smart offers a flat brokerage fee of INR 15 per order.
It allows exposure of :
- upto 30 times on Equities;
- Upto 4 times on equity deliveries;
- Upto 5 times on F&O;
- Upto 3 times on Currency; and
- Upto 5 times on Commodities
None of their plans command for any minimum maintenance balance or any other commitment fee.
Like other brokerage houses, Trade Smart also allows mortgaging of shares for margin.
Trade smart online Offers
An ongoing offer of Trade Smart Online is the referral policy wherein an investor referring another investor to open account with Trade Smart Online is given some incentives. As per the current offer, the investor who refers is entitled to 10% of the brokerage emanating from the trades made by the investor who was referred.
TSO in a tie up with GDFL has made possible an integrated version of its platform NEST with Amibroker and lets users adopt algo trading. While opting for algo trading with TSO and GDFL the investors can avail discounted rates of upto 40%.
Trade smart online Products and services
TSO offers online trading in stocks, futures and options, currencies and commodities.
It also offers an option of Algo Trading i.e. algorithmic trading where in analysis/advisory tool helps the investor in placing trade order.
Under this service, the investor would analyse the instruments on the analysis application i.e. AmiBroker and the signals from that app would be reflected automatically in the NEST platform for the trade to execute the order.
It also provides DEMAT account services.
Trade smart online Trading platform
NEST, the trading platform of TSO, has 2 variants – mobile and desktop. The platform is equipped with various tools and charts for stock analysis.
While using the desktop version, one need not download/install any software. Merely having internet access and a browser access would enable investor to login and start trading.
As mentioned above, TSO also offers algo trading wherein the investor deals with an integrated version of NEST with Amibroker.
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