The following documents are required to be attached with the account opening form:
PAN card (self-attested clear copy)
1 self-attested copy of any of the following documents as Address Proof.
Driving License Passport
Latest Telephone Bill
Latest Electricity Bill
Latest Bank Statement (for last 6 months)
1 Passport Size Color Photograph (self-attested)
For Equity/Future &Options/Currency A/C – CTS Cheque favouring “VNS Finance and Capital Services Ltd.” for Rs 400 in case of printed and online form. Rs 500 in case the form was couriered by TradeSmart.
For Commodity A/C – CTS Cheque favouring “VNS Commodities Pvt Ltd.” for Rs 200. Rs.300 in case the form was couriered by us.
1 Cancelled cheque
Name to be mentioned on the cheque and cheque needs to be cancelled and signed
MICR no. & IFSC code should be mentioned on the cheque.
Last 6 months Bank Statement (in case of F&O/Currency/Commodity A/C)
The Account Maintenance Charge (AMC) is the cost to maintain your demat account, which is charged by the broker.
TradeSmart Online charges an AMC of Rs 300 per annum, across both the plans it offers.
TradeSmart is a part of VNS Finance & Capital services, which is a SEBI registered entity and was established in 1992. The company claims to have never had any issue with timely pay-in and pay-out of the client’s securities or funds. The client securities at TradeSmart are kept in the client's demat account, and not in their pool account. The company also ensures that all communication regarding any transaction in your account is timely sent to the client, by sending regular emails and SMS alerts from CDSL regarding pay-in and pay-out of securities in your demat account.
TradeSmart offers discount brokerage services in equity, commodity and currency trading segments. There are no account opening charges at TradeSmart and it charges a flat fee of Rs 300 per annum as it accounts maintenance charges (AMC). The other TradeSmart brokerage charges depend upon the product segment and upon the type of plan that you have chosen
There are two ways in which you can open a demat and trading account with TradeSmart:
Click on to open an account to start your online account opening process where you can opt for E-KYC in which along with the Aadhar Number, you only need to provide supporting documents for address and identity proof, PAN Card, cancelled cheque and 6-months bank statement. For EKYC, it's very important that your email id and the mobile number are linked with Aadhar. To know full step by step process click here.
Self-downloaded form: You can download and take a printout of the account opening form from TradeSmart’s website.
Once the form has been duly filled (only in black ink), you can send the same along with the necessary documents (self-attested copies) to the registered office.
TradeSmart has experience in the industry of over 25 years and has successfully been managing a massive client base. Following are some of the benefits of opening an account with TradeSmart:
Low cost, two different brokerage plans that match your trading needs.
Flexibility to change between any of the brokerage plans at any point in time.
Trade-in multiple markets & product.
Zero Demat AMC charge for the first year.
Quick account opening in 1 day.
Trading, charting, and analysis services in one desktop platform.
Instant fund transfers with more than 24 Banks.
Currently, TradeSmart does not charge any account opening charges. But TradeSmart charge annual maintenance charges (AMC) Rs. 300 and brokerage charges according to the plan you opt for.