Discount Broker Depository: CDSL
5

A discounted broker dealing in different segments like stock, commodity, and currency trading. TradeSmart offers trading platforms in BSE, NSE Cash , F&O, Currency, Commodities.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans:

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

₹ 15

Equity Intraday Brokerage

₹ 15

Equity Futures Brokerage

₹ 15

Equity Options Brokerage

₹ 15

Currency Futures Brokerage

₹ 15

Currency Options Brokerage

₹ 15

Commodity Futures Brokerage

₹ 15

Commodity Options Brokerage

₹ 15
Margins

Equity Delivery Margin

1x

Equity Intraday Margin

30x

Equity Futures Margin

7x

Equity Options Margin

7x

Currency Futures Margin

3x

Currency Options Margin

0x

Commodity Futures Margin

6x

Commodity Options Margin

0x
Charges

Account Opening Charges

Free

Account Maintenance Charges

₹ 300

Call & Trade Charges

₹ 20
Brokerage

Equity Delivery Brokerage

0.07%

Equity Intraday Brokerage

0.007%

Equity Futures Brokerage

0.007%

Equity Options Brokerage

₹ 7

Currency Futures Brokerage

0.007%

Currency Options Brokerage

₹ 7

Commodity Futures Brokerage

0.007%

Commodity Options Brokerage

₹ 7
Margins

Equity Delivery Margin

1x

Equity Intraday Margin

30x

Equity Futures Margin

7x

Equity Options Margin

7x

Currency Futures Margin

3x

Currency Options Margin

0x

Commodity Futures Margin

6x

Commodity Options Margin

0x
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Sine Mobile Application SINE Web Swing Trading Application
Pros

Advantages and Strengths of this broker.

  1. The company provides 2 brokerage plans which can suit every trading strategy.
  2. They provide flexibility to switch over from one brokerage plan to another, depending upon their strategy.
  3. Transaction charges (turnover charges, clearing charges, etc) are one of the lowest in the industry.
  4. No account opening charges.
  5. Provides Margin against Shares (MAS)
Cons

Disadvantages of this broker that it needs to improve upon.

  1. They charge extra additionally for Call & Trade.
  2. Intraday positions (MIS, CO & BO), if squared off by the RMS team, is charged extra.
  3. Doesn't provide portfolio management services, tips or research reports.
  4. One cannot apply for an IPO.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Trade Smart Online

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(2.5)

Usability

(2.8)

Customer Service

(3.5)

Charges Review

  • Trade Smart Online offers either flat brokerage or minimal charges in its plans.
  • Equity delivery is not free and their plans attract numerous petty charges.
  • The trading platform with terminal experience is available free of cost.
  • They provide higher Intraday Exposure on equity for free.

Customer Service Review

  • Trade Smart Online provides support over both call and email.
  • As per customer reviews, the support is delayed in general.
  • They provide chat support and ticket raising options are also available.
  • They have a limited number of physical branches.

Ease of Use Review

  • The trading platforms are feature loaded and quite easy to navigate.
  • Trade Smart Online also provides ‘Personalized Workspace’ that gives interface customization options to the users.
  • The platforms also feature relevant market and trading updates for the traders.
  • Back office is not integrated.

Account Opening Procedure Review

  • For individual accounts, the online account opening process is easy & convenient as it is 100% paperless.
  • The offline procedure is cumbersome and time consuming.
  • NRIs interested in investing in the Indian market can not open an account with Trade Smart Online.

Why Choose Trade Smart Online? Know Everything about Trade Smart Online here.

Verdict

Trade Smart Online provides trader focused platforms with terminal experience. The platforms are easy to navigate and are featured with tools for better decision making. They do not provide research reports or trading calls. Free equity delivery is also not offered. Various plans are offered but none of them is suitable for investors.

If you are a Trader, the broker provides you with

  • Third party trading platform like Nest, Fox, etc,. which are professionally designed for analysing the stocks. 

  • Brokerage at Flat rates for every segment.

  • Low cost option trading.

  • Tools for Charting and analysis with multiple indicators.

  • Market Information platform for active traders.

  • Real-time data with visualization tools, smart scanners along with advanced charting tools to track market movements.

If you are an Investor, the broker provides you with

  • Set price alerts for desired stocks

  • Assure “zero forced’ selling  

Trading Tools

Sine Mobile Application

SINE is a trading application of TradeSmart, built by Omnesys NEST, Sine offers trading facilities on smartphones, in all segments like equity, derivatives, commodity, and currency. In addition, it has features like Market Scanners, Market Analytics, Market Watch, Buy/Sell, etc.

SINE Web (Browser-based website)

It is a browser-based trading platform that does not require installation. It provides Advanced charting along with indicators ,Set price alerts for desired stocks, Live scanner tool which scans market activity and trends and a lot more.

Swing Trading Application

It is a mobile application designed for beginners as well as traders. Its simple interface makes the order placing very easy, it also has advanced features in which traders can put orders through charts.

Charges Details

For Equity

CHARGES

DELIVERY

INTRADAY

FUTURES

OPTIONS

Transaction Charges

0.00325% - NSE
₹ 1 per order - BSE

0.00325% - NSE
₹ 1 per order - BSE

0.0019% - NSE
₹ 1 per order - BSE

0.05% - NSE
₹ 1 per order - BSE

CM Charges

-

-

NSE - 0.00025%
BSE - 0.00025%
Physical Delivery - 0.10% 

NSE - 0.00075%
BSE - 0.00075%
Physical Delivery - 0.10% 

GST

18% on Brokerage + Transaction + CM Charges

18% on Brokerage + Transaction + CM Charges

18% on Brokerage + Transaction + CM Charges

18% on Brokerage + Transaction + CM Charges

STT

₹ 100 per Lacs 

Sell side, ₹ 25 per Lacs 

Sell side, ₹ 10 per Lacs 

Sell side, ₹ 50 per Lacs 

SEBI Charges

₹ 0.15 per Lacs

₹ 0.15 per Lacs

₹ 0.15 per Lacs

₹ 0.15 per Lacs

For Commodity

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0026% - Non Agri

-

Clearing Charges

0.00%

0.00%

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

Sell side, 0.01% on Non Agri 

Sell side - 0.05%

SEBI Charges

₹ 15 per crore

₹ 15 per crore

For Currency

CHARGES

FUTURES

OPTIONS

Transaction Charges

0.0009% - NSE
0.00022% - BSE

0.04% - NSE
0.001% - BSE

Clearing Charges

0.0004% - NSE
0.0004% - BSE

0.025% - NSE
0.025% - BSE

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

-

-

SEBI Charges

₹ 15 per crore

₹ 15 per crore

Trade Smart Online Complaints & Stats

Company name:

VNS Finance & Capital Services Limited

Contact:

022-61208000, 022-42878000

Email:

support@vnsfin.com
Trade Smart Online Customer Reviews

No Customer reviews yet. Be the first to review this broker.