TradeSmart Online is a Mumbai based discount brokerage firm that offers a wide range of trading services in Equity, Commodity, Currency and Derivatives.
TradeSmart Online is a part of VNS Finance & Capital Services Ltd, a financial services company that was incorporated in 1994, serving Indian stock, commodity, and currency market investors and traders through franchisees and sub-brokers.
According to our research report on top 20 stockbrokers in India, TradeSmart Online is a SEBI registered brokerage firm with an active client base of 35,323 as of May 2023.
TradeSmart Online Offers Trade in
You can invest in all trading segments includes Equity, Commodity, Currency, Futures and Options) through TradeSmart Online discount broker.
- Futures & Options
- Mutual Funds
- IPOs, you can also check the report of upcoming IPOs 2023-24.
TradeSmart Online Demat Account Charges & AMC
TradeSmart Online charges zero for Demat & trading account opening. However, you need to pay annual maintenance charges (AMC) of Rs. 300 for the Demat account, which is waived off for the first year.
|Segments||Account opening & AMC Charges|
|Trading Account Opening Charges||Zero (Free)|
|Demat Account Opening Charges||Zero (Free)|
|Trading AMC Charges||Zero (Free)|
|Demat AMC Charges||Rs 300 Yearly (Free for 1st Year)|
TradeSmart Online Brokerage Plan & Charges
TradeSmart Online offers two brokerage plans –
- Power Plan
- Value Plan
#1. TradeSmart Power Brokerage Plan
The TradeSmart Power Brokerage Plan is especially designed for traders who execute trades with larger trade sizes. With this plan, you can enjoy the benefits of a flat brokerage fee of 15 per executed order regardless of the trading volume. This fee structure offers cost efficiency and allows you to save on brokerage charges.
Additionally, you can also enjoy a cashback of Rs. 1,000 brokerage within the first 30 days of using the TradeSmart.
|Segments||TradeSmart Power Brokerage Charges|
|Equity Delivery||Rs. 15 per executed order|
|Equity Intraday||Rs. 15 per executed order|
|Equity F&O||Rs. 15 per executed order|
|Currency F&O||Rs. 15 per executed order|
|Commodity F&O||Rs. 15 per executed order|
#2. TradeSmart Value Brokerage Plan
The TradeSmart Value Brokerage Plan is designed for traders with smaller trade sizes. It follows a traditional percentage-based brokerage fee structure, charging a fixed fee of 0.007% of the traded value across various segments.
For options trading, there is a fixed fee of Rs. 7 per lot. You can check out the list of best brokers for option trading in India.
|Segments||TradeSmart Value Brokerage Charges|
|Equity Intraday & Futures||0.007%|
|Equity Options||Rs 7 per lot|
|Currency Options||Rs. 7 per lot|
|Commodity Options||Rs 7 Per lot|
Other Charges for TradeSmart Online
|Call & Trade charges||Rs. 20 per executed Order|
|Auto Square Off Charges||Rs. 20 per executed Order|
TradeSmart Online Margin Exposure
As per SEBI issued a circular on peak margin, SEBI fixed the leverage margin for all stockbrokers in India.
As a result, TradeSmart Online offers margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock.
If you want to do intraday trading, I would suggest starting investing with Rs 5000 as an initial investment.
|Equity Delivery||100% of trade value||1x|
|Equity Intraday||Up to 20% of trade value||5x|
|F&O (Equity, Currency & Commodities)||100% of NRML margin (Span + Exposure)||1x|
Steps To Open TradeSmart Online Demat & Trading Account
To open a demat and trading account with TradeSmart Online, follow these steps:
Step #1. You need to visit the TradeSmart Online website and click on the “Open Demat Account” option.
Step #2. Fill out the form by providing your email address, mobile number, and enter the One-Time Password (OTP) received.
Step #3. Enter your PAN details and Date of Birth as per your PAN card. You can also apply PAN card online in India.
Step #4. Provide your personal details as requested in the relevant fields.
Step #5. Upload your signature and verify it.
Step #6. Take a selfie and upload it as per the specifications provided.
Step #7. Complete the bank verification process by linking one of your personal bank accounts to your TradeSmart trading account.
Step #8. Add your email address and complete the verification process.
Step #9. Choose the appropriate brokerage plan between the Value and Power brokerage plans.
Step #10. Activate derivatives if you intend to trade in futures & options, commodities, and currency segments.
Step #11. Complete the e-signature process with Aadhaar verification using the OTP received on your registered mobile number.
Once you have completed these steps, your application to open a Demat account with TradeSmart will be submitted. The broker will then verify the provided details, and you will receive a user ID and password for your TradeSmart trading account via email.
You would like to read – how to invest 1 crore to get monthly income return in India
Documents Required to Open a Demat Account with TradeSmart Online
- Identity Proof – Aadhar card, Driving License, Passport, Ration card, Voter card, and Government issued ID card.
- Address Proof – Driving License, Passport, Ration card, Voter card, Latest Telephone or Electricity Bill, Aadhar Card, and Government issued ID card.
- PAN Card
- Latest 6 months bank account statement
- A canceled cheque
- Passport Size Photo
TradeSmart Online Trading Platforms
TradeSmart offers various trading software for online trading –
#1. TradeSmart Mobile Trading App
The TradeSmart Mobile Trading App allows you to trade on the go, providing access to the stock market at their fingertips. It offers a user-friendly interface and a wide range of features for trading and investing. You can open a demat account and start investing in IPOs (Initial Public Offerings) through the app.
Key features of the platform include:
- Simple & intuitive interface
- Multiple orders (bracket order, cover order, aftermarket order)
- Advanced technical analysis with world-class charting tool
- More than 80 indicators to interpret stock movements
- Trade in all segments including equity, intraday, delivery, futures & options, commodities, and currencies segments.
#2. TradeSmart SINE Mobile Trading App
The TradeSmart SINE mobile trading app is designed for trading in stocks, derivatives, and commodities. It provides real-time market data, advanced charting tools, customizable watchlists, and order placement features. You can execute trades quickly and efficiently using this mobile app.
If you want to learn intraday chart reading, go through our guide on how to read Japanese candlestick charts for day trading.
Key Features of TradeSmart SINE mobile trading app
- Advanced charting with 80+ indicators and tools
- 360° view of Nifty, Banknifty & Sensex indices
- One stop solution for monitor your orders, holdings, and positions
- SINE scanners scan stock market on a real-time basis
- Convenience of placing buy/sell orders in the app
- Create multiple watchlists
- Option chain analytics
#3. TradeSmart SINE Web
TradeSmart SINE Web is a web-based trading platform that provides access to the stock market through a browser interface. It offers similar features to the SINE Mobile Trading App, including real-time market data, advanced charts, and order placement capabilities.
You can access your accounts and trade seamlessly from any device with an internet connection.
Key Features of TradeSmart SINE Web
- Runs on compatible browsers like Chrome, Firefox, and Internet Explorer.
- Online fund transfer facility
- Trade in equity, currency, commodity and derivatives from one platform
- Advanced charting and tools
- Set price alerts for desired stocks and contracts
- Access to multiple reports
#4. TradeSmart MF
TradeSmart MF is a platform specifically designed for investing in mutual funds and setting up Systematic Investment Plans (SIPs). It allows you to browse and compare different mutual funds, make investments, and track your portfolio performance.
The platform provides a hassle-free way to invest in mutual funds and manage investments efficiently.
Read our list of best brokers for mutual funds investment to know about top brokers to cater to your mutual funds’ investment needs.
#5. TradeSmart Box Backoffice
TradeSmart Box Backoffice is a comprehensive back-office solution that helps you manage your accounts, view trade reports, access portfolio statements, and analyze trading activity. It provides essential tools and features for tracking and evaluating trading performance.
#6. TradeSmart Swing API
TradeSmart Swing API is an Application Programming Interface (API) that allows developers to integrate TradeSmart’s trading functionalities into their own applications. This enables them to build customized trading tools and automate trading strategies using TradeSmart’s infrastructure.
#7. TradeSmart Third-party tools
TradeSmart supports several third-party tools to enhance the trading experience and cater to the specific needs of traders. Here are some of the popular third-party tools integrated with TradeSmart:
A. NEST Trader (Desktop trading platform)
NEST Trader is a powerful desktop trading platform provided by Omnesys Technologies. It offers advanced trading features, real-time market data, and comprehensive order execution capabilities.
NEST Trader provides a user-friendly interface with customizable layouts and a wide range of technical analysis tools. You can access various segments of the market, including equities, derivatives, currencies, and commodities.
It also supports advanced order types, such as bracket orders, cover orders, and trailing stop-loss orders.
B. Dartstock (Desktop trading platform)
Dartstock is a desktop trading platform developed by Financial Technologies. It is designed to provide you with a seamless and efficient trading experience.
Dartstock offers real-time streaming data, advanced charting tools, and customizable market watchlists. You can place orders directly from the platform, execute trades across different exchanges and segments, and monitor your positions and portfolio.
Dartstock also provides access to research reports, news, and market analysis to help you make informed decisions.
C. Fox Trader (Algo Trading)
Fox Trader is an algorithmic trading platform offered by Reliable Software. It is designed for traders who employ automated trading strategies and algorithms.
Fox Trader provides a user-friendly interface for creating, backtesting, and deploying trading algorithms. You can design and customize your trading strategies using programming languages like Python and AFL (AmiBroker Formula Language).
The platform supports real-time data feeds, advanced order types, risk management tools, and monitoring capabilities to execute trading strategies efficiently.
TradeSmart Online Customer Support
TradeSmart offers multiple channels to contact their customer care executives.
#1. Email Support: You can reach out to TradeSmart’s customer care team by sending an email.
- If you are a new customer interested in opening an account, you can email [email protected] to connect with customer service representatives who will assist you with the account opening process.
- For general queries, you can email [email protected] to receive prompt responses.
#2. Helpline Number: TradeSmart provides a dedicated helpline number for you to directly contact your customer support team.
You can dial 022 61208000 to speak with a TradeSmart representative and receive assistance or have your queries addressed.
#3. Online Chat Support: To ensure convenience and ease of communication, TradeSmart offers online chat support on their web portal. Whether you are an existing customer or a new/prospective trader, you can visit the web portal and initiate a chat to interact with customer care executives. This allows you to ask questions, seek solutions, and receive real-time assistance.
TradeSmart also provides a comprehensive Knowledge Center available at https://help.tradesmartonline.in/.
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Frequently Asked Questions (FAQs)
The Value Brokerage Plan follows a percentage-based fee structure, with charges of 0.007% of the traded value for equity delivery, intraday, futures, currency, and commodity. For options, there is a fixed fee of Rs. 7 per lot.
The Power Brokerage Plan charges a flat fee of Rs. 15 per executed order across various segments, including equity delivery, intraday, futures & options, currency futures, and commodity futures.
TradeSmart offers free demat and trading account facility.
TradeSmart charges Rs. 20 per executed order for call & trade services, which allow you to place orders over the phone.
Yes, TradeSmart provides a platform called TradeSmart MF specifically for investing in mutual funds and setting up Systematic Investment Plans (SIPs).
TradeSmart Online charges an annual maintenance charge (AMC) of Rs. 300 for Demat accounts. However, the AMC fee is waived off for the first year.
The STT charges for Motilal Oswal are –
- Equity Delivery: Rs. 100 per Lakhs on both Buy and Sell
- Equity Intraday: Rs. 25 per Lakhs on the Sell Side
- Equity Futures: Rs. 10 per Lakhs on Sell Side
- Equity Options: Rs. 50 per Lakhs on Sell Side (on Premium)
- Commodity Futures: 0.01% on sell side (Non-Agri)
- Commodity Options: 0.05% on sell side
- Currency F&O: No STT
Yes, TradeSmart is a discount brokerage firm registered with SEBI. It is also a member of NSE, BSE, and MCX stock exchanges. TradeSmart is also a part of VNS Finance & Capital services, which is a SEBI registered entity.