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TradeSmart Review 2022

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 13-Sep-2022
TradeSmart Review
  • Ranked #1 Broker in India(5*)
  • Get 100% Free Delivery Trading
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  • TradeSmart Review 2022 - Quick Summary

    Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support.


    Rated 4 stars

    TradeSmart Top Highlight for 2022

    • Trade on BSE, NSE, and MCX.
    • Paperless account opening facility.
    • Save brokerage with 15 flat brokerage plan.
    • Tech-savvy Trade Smart Sine web and app-based trading platforms.
    • Simple, sleek, and user-friendly TradeSmart share trading App.
    • Nest trader and Fox Trader desktop trading software.
    • Invest in Direct mutual funds for free.

    About TradeSmart

    TradeSmart is a discount broking venture of VNS Finance & Capital Services. Started in 1994 and has served in the Indian market for over 2 decades, TradeSmart became one of the best discount brokers in India with the lowest brokerage trading, dedicated brokerage plans to meet everyone’s needs, technology-driven trading platforms, and margin trading. Before moving ahead, read the complete TradeSmart Review 2022 including its account opening charges, brokerage charges, types of trading platforms, customer care details, and pros & cons.

    The Mumbai-based discount broker, TradeSmart is a member of BSE, NSE, and MCX to offer online trading in stocks, futures & options, commodities, and currencies segments. Residents can open a Demat cum trading account to join TradeSmart to trade on BSE, NSE Cash, CDS, MCX, and also invest in IPOs and direct mutual funds.

    Whether you are a new trader or beginner or professional enthusiast, you will definitely love the Value and Power brokerage plans at TradeSmart. The Value Plan charges a minimal brokerage fee of 0.007% or 7 paise whereas the Power plan is ideal for active traders to trade at just Rs. 15 flat brokerages across all segments.

    Compared with India’s leading discount broker; Zerodha; TradeSmart charges less brokerage fee of Rs. 15 but unlike Zerodha, delivery trading is not free. Both brokerage firms facilitate direct mutual fund investment for free.

    Technology today becomes another important aspect when choosing the right broker. TradeSmart has all types of next-gen, sleek designed, and user-friendly SINE mobile app and a browser-enabled trading website. The platforms are easy-to-use or navigate along with many technical features like Trade from the chart, advanced charting, and 80+ trading indicators for technical analysis. It also has the TradeSmart mobile app on the play store and Nest Trader and Fox Trader desktop trading software for pro traders.

    TradeSmart provides satisfactory online customer care via email, helpline desk, and web chat facility. Read more details about the TradeSmart Review 2022 below;

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    • Free Delivery Trading
    • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
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    TradeSmart Brokerage Plan, Fees and Charges

    Rated 4 stars Brokerage and Commission Rated 4/5

    TradeSmart has simple and transparent brokerage plans for small traders (Value Plan) as well as frequent heavy volume buyers (Power Plan).

    The first Value Plan is a traditional percentage brokerage plan that charges a fixed 0.007% brokerage fee (Rs. 7 per lot on options trading) from customers on trading in different segments. However, the Power Plan is a modern-age flat brokerage model that facilitates online trading at Rs. 15 flat brokerage charges regardless of the trading volume. The brokerage is even lower than India’s top discount broker – Zerodha and Upstox’s Rs. 20 brokerage plan.

    Both the plans charges highly competitive brokerage fee from clients on trading in delivery, intraday and derivative segments. The plan allows traders and investors to save upto 90% of brokerage. You are also offered the flexibility to switch between the said brokerage plans.

    TradeSmart Account Opening Charges

    Trading Account Opening Charges: Rs 200
    Trading Account AMC: Free
    Demat Account Opening Charges: Rs 200
    Demat Account AMC: Rs 300 PA

    TradeSmart Brokerage Plan with closest competitors

    Here we are comparing TradeSmart with its 5 close competitors, who are currently market leader in brokerage industry.

    Broker TradeSmart 5paisa Zerodha Upstox Paytm Money
    Service Type Discount Broker Discount Broker Discount Broker Discount Broker Discount Broker
    Brokerage Range Rs 15 Rs 20 Rs 20 Rs 20 Rs 15
    Account Type 2 in 1 2 in 1 3 in 1 3 in 1 2 in 1
    Equity Delivery Flat Fee Rs 15 Flat Fee Rs 20 Free 2.5% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
    Equity Intraday Flat Fee Rs 15 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
    Equity Futures Flat Fee Rs 15 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower 0.02% or Rs 15 whichever is lower
    Equity Options Flat Fee Rs 15 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
    Commodity Flat Fee Rs 15 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    Currency Futures Flat Fee Rs 15 Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower NA
    Currency Options Flat Fee Rs 15 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 NA
    Rating
    Rated 4 stars
    Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

    Other Charges

    • Call & Trade Charges: Rs 20 per executed Order
    • RMS Auto Square Off Charges: Rs 20 per executed Order
    • Hidden Charges: No

    For complete brokerage charges and trading plans detail please visit TradeSmart Brokerage Charges.

    Please refer unique and accurate TradeSmart Brokerage Calculator


    Type of Account offered by TradeSmart

    Likewise, every other broker, TradeSmart provides the 2-in-1 account (trading and demat) account opening facility to resident customers only. It does not facilitate an NRI trading facility.

    Trade Smart Demat and Trading Account

      Trade Smart is a registered depository participant with CDSL to allow customers to open a Demat & trading account. The online trading account is one account to trade in a variety of asset classes including equity delivery, intraday, futures & options, currency, commodities, mutual funds, and IPO.

      Is TradeSmart account free? No, TradeSmart does not offer free account opening as it charges Rs. 200 for only trading accounts, and Rs. 400 is charged for trading and demat account. Whether you choose to trade with Value or Rs. 15 flat brokerage Power Plan, there are no minimum balance commitments. It also charges a minimal Demat AMC of Rs. 300 per annum.


    How to open TradeSmart Account online?

    Join Tradesmart by opening an account in a 100% paperless and quick account opening manner. The broker provides a hassle-free online process that hardly takes upto 10 minutes to open a TradeSmart account.

    Steps to open a Demat and Trading Account with TradeSmart;

    1. Go to the TradeSmart website and click on “Open Demat Account”.
    2. Fill the form by entering your email, mobile number, and OTP.
    3. Enter PAN details and DOB as per PAN.
    4. Personal details: Add your personal details as enquired in the relevant fields.
    5. Upload your signature and confirm it.
    6. Take a selfie and upload it.
    7. Bank verification: Link any of your personal bank accounts with the TradeSmart trading account.
    8. Now, add your email address and complete verification.
    9. Select the right brokerage plan between the Value and Power brokerage plans.
    10. Activate derivatives, if you want to trade in futures & options, commodities, and currency segments.
    11. E-signature: Complete e-sign with Aadhaar with OTP on your mobile number.

    Your application to open a Demat account with Tradesmart is completed, now all the details will get verified by the broker, and later, you will receive a user ID and password to your registered email ID.

  • Free Demat Account
  • 100% Free Delivery Trade
  • Online Account Opening
  • Alternatives to TradeSmart

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    TradeSmart Mobile App and Trading Platforms

    Rated 4 stars Trading Platforms Rated 4/5

    TradeSmart has SINE online trading platforms in a mobile app and browser-enabled trading website. SINE is an in-house designed platform keeping into account beginners and traders' requirements to make the platform innovative and feature-rich. It also provides many 3rd-party trading software like Darstock, Fox Trader, and Nest Trader. Let&rsquo's quickly review the prominent features offered by each of the trading platforms;

    TradeSmart Mobile Trading App

      TradeSmart is a free and easy-to-use mobile trading app to trade on the go. It is one of the best share trading apps in India with a simple & intuitive interface, super-easy UPI fund transfer, multiple orders (bracket order, cover order, aftermarket order), advanced technical analysis with world-class charting tool, more than 80 indicators, advanced analytics, and trade from the charts facility.

      TradeSmart is a great app for beginners and traders to trade in intraday, delivery, futures & options, commodities, and currencies segments. The app is compatible with all android devices for trading.

    TradeSmart SINE Mobile App

      SINE is another easy, fast, and safe online trading app by TradeSmart for every kind of trader whether newbies or veterans. SINE app is one of the top-rated mobile app for stocks technical analysis with advanced charting insights, 80+ indicators, and trade (Buy/Sell) from the chart.

      The high-intuitive and user-friendly app is embedded with a range of features including multiple watchlists, scanners, an informative dashboard, option chain analytics, 360-degree market view, , and safety & security making it one of the best online trading apps. The app also has guest login features to allow newcomers to explore the app features. The app is available to download on the Play store and the App store.

    TradeSmart SINE Web

      Sine Web is a web-based trading platform that runs on compatible browsers like Chrome, Firefox, and Internet Explorer. The web portal of TradeSmart allows users to trade in multiple segments including shares, derivatives, currencies, and commodities.

    TradeSmart MF

      TradeSmart facilitates paperless mutual fund investment through its TradeSmart MF mobile app. The app allows online buy and redemption of mutual funds anytime anywhere, access all information about your favorite scheme across equity, debt, and hybrid asset classes, check out suggested schemes based on your risk appetite, track your mutual fund portfolio, and much more just right at your palm.

      You can start SIP or invest a one-time lumpsum amount in your favorite mutual fund scheme. The platform provides both direct and regular mutual fund schemes. It is always recommended to invest in direct mutual funds at zero brokerage or commission for better returns in long-term.

    TradeSmart Box Backoffice

      Box is a TradeSmart’s backoffice platform to access every kind of information about your trades. The back office platform provides all TradeSmart users easy-to-read and simplified reports such as ledger, portfolio insights, trade summary, Tax reports, P&L reports, tax-loss harvesting, capital gain reports, and many more.

    TradeSmart Swing API

      Swing API is a set of HTTP APIs to allow traders to create their own customized frontend trading application to execute orders in real-time, manage portfolios, and much more. Thus, SWING API is available for free at nil subscription fees.

    TradeSmart Third-party tools

    • Fox Trader: TradeSmart in association with Reliable Software provides a next-gen application, Fox Trader. The platform has awesome features including technical indicators, charting analysis, live tick screening, algorithmic designing, trade signals, and more. All customers are offered a free 7 days trial period to use the software.
    • Nest Trader: It is a desktop-based trading terminal to trade on BSE, NSE, and MCX. With the Nest platform, you can create multiple watchlists, real-time widgets, option keys, and shortcut keys for faster trading.
    • Dartstock: It is a platform for active traders, portfolio managers, research analysts, and fund managers to access market information. Dartstock provides live data with advanced functions & tools to help traders to sport market opportunities.

    For detail review of mobile app and download please visit TradeSmart Trading Platform Review.


    TradeSmart Trading Pros

    Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

    • Trade in stocks, derivatives, currencies, and commodities.
    • Lowest brokerage: Trade at 15 flat brokerage fees.
    • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
    • Super-efficient Trade Smart Box integrated back office portal.
    • Tradetron Algo Trading with TradeSmart.
    • No minimum balance is required.
    • Instant UPI fund transfer.
    • Free of cost Swing API.
    • Apply for IPOs online using UPI.
    • Online Direct mutual fund investment at Rs.0 brokerage.
    • Online brokerage calculator to calculate trading cost upfront.
    • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
    • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
    • Margin against shares (MAS) in your Demat account.
    • No Hidden charges.

    TradeSmart Trading Cons

    There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

    • You cannot invest in SME IPOs.
    • TradeSmart App is only available on the Play Store.
    • NRIs cannot open a Demat and Trading account at Trade smart.
    • It does not provide trading tips, research, and portfolio management services.

    TradeSmart Customer Care info

    Thanks to the active customer support provided at TradeSmart. Any customer can contact the customer care executives via email, and helpline number. Thus, online support is offered by the broker. Whether you are an existing customer or a new/prospective trader, you can write a mail for the required assistance or query. It also facilitates online chat support on the web portal where anyone can drop his/her query and seek a solution.

    If you are a new customer who is looking to open an account with TradeSmart then you can contact the customer service representatives via [email protected]. Further, customers can drop general queries on the [email protected]


    Final thought about TradeSmart

    Rated 4 stars Rated 4/5 by 34 users

    No doubt, TradeSmart has several benefits to trade with like flexible Value and Power brokerage plans to suit different kinds of investors, great platforms, and good customer support among a few. However, despite the lowest cost-effective brokerage fee of Rs. 15/order and above 25 years of experience in the Indian brokerage space, TradeSmart has failed to carve a strong brand image in the eye of customers. Its Rs. 15 brokerage plan is not single-handedly enough to compete with India&rsquo's number 1 discount broker; Zerodha which started in 2010 but has the highest active clientele base.

    Request call back from Zerodha

    Last updated on: 2022-09-13


    TradeSmart User Reviews

    avatar
    13. Indira May 05 2022 04:14:15 PM Reply
    Thank you for such a fantastic blog, Very interesting details you have noted
    HDFC bank share price,
    Tata Steel Share Price,
    DLF share price,
    SBI share price,
    ITC Share Price

    avatar
    12. pRASHANT Nov 26 2018 03:55:51 PM Reply
    increase autosquareoff time to 03:15

    Ratings:

    Brokerage - Average
    Account Maintenance Fees - Average
    Website Usability - Above Average
    Customer Service - Above Average
    Overall Experience - Below Average
    avatar
    11. Chandu kumar Ravipudi Feb 14 2018 09:34:47 AM Reply
    I lost my Money when placing a trade. if i had not called TSO customer care I would have lost my money permanently.

    Ratings:

    Brokerage - Very Poor
    Account Maintenance Fees - Very Poor
    Website Usability - Very Poor
    Customer Service - Very Poor
    Overall Experience - Very Poor
    avatar
    11.1. Manjit Oct 28 2018 11:56:57 AM
    Hi, Can you plz help other customer by telling us what happened?
    avatar
    11.2. Bankar Ganesh Oct 28 2018 12:05:39 PM
    That's the problem, People don't write a detailed reason, they just post the first comment and then work with customer care team to fix the issue and not give a final resolution.
    avatar
    10. Amar Kumar Sep 23 2018 12:06:18 PM Reply
    Best Discount Broker

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    avatar
    9. Azim firfire Sep 17 2018 10:47:44 PM Reply
    I had done my pay out how long it will take to credit in my account
    avatar
    8. Rajeev Sharma May 04 2018 07:50:40 PM Reply
    Trade Smart Online is better than Zerodha

    Ratings:

    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    avatar
    7. Madhushri Aug 14 2016 02:43:45 AM Reply
    Can I buy shares on NSE and sell them on BSE?
    avatar
    7.1. Vijay Aug 15 2016 03:46:32 AM
    Yes, Delivery holding you can buy in any exchange and sell in any exchange, where Intra day you need to square off on the same exchange.
    avatar
    6. Maithili Aug 01 2016 09:58:05 PM Reply
    Their demat transaction charges are Rs 15 per scrip plus service tax while Zerodha and others are charging only Rs 8 plus service tax.
    avatar
    5. Ashok Dhawade Jun 20 2016 09:31:24 AM Reply
    Are bhai log mera now software ka password batao/mail Karo.
    avatar
    4. Vijay May 14 2016 12:39:33 AM Reply
    Trade stamrt onlie is planning to launch new trading platform called - Spin , waiting for new platform.