Trade Smart Online Review:
Pros
- Flexible and very competitive brokerage plans
- Offer For Sale(OFS) is supported
- Inhouse tools and platforms
- Free tools like Span Margin Calculator and Brokerage Calculator
Cons
- No market recommendations and tips as they are discount brokers
- No 3-in-1 demat account
In this review of Trade Smart Online discount broker, we shall learn more about the broker in terms of their brokerage charges, trading platforms, account opening charges and customer service etc.
About Trade Smart Online:
TradeSmartOnline is discount brokerage arm of VNS Capital Services based out of Mumbai.
VNS is active in brokerage business for more than two decades and hence the management of Trade Smart Online are very well versed with brokerage industry.
They have around 17500 clients and do a daily turnover of Rs 2500 Crore.
The company is managed by Vijay Singhania, Vikas Singhania and Neha Singhania and actively publish articles on market through the website blog.
Following segments are supported by them,
- Equity
- Futures and Options (Derivatives)
- Currency
- Commodities
Trade Smart Online Customer Ratings & Review 2024:
| Trade Smart Online Customer Ratings | |
|---|---|
| Brokerage Charges & Fees | 9.70/10 |
| Trading Platforms | 9.22/10 |
| Products & Services | 9.05/10 |
| Experience | 9.30/10 |
| Overall Ratings | 9.11/10 |
| Star Ratings | ★★★★ |
In my view Trade Smart Online is best for.
- Who is looking for lowest brokerage charges
- Traders interesed in multiple brokerage plans
- Online account opening
TradeSmartOnline Brokerage Charges:
They offer 2 different of brokerage plans to suite different types of traders.
- Power Plan: Best suited for traders who trade less frequently but high order size. The brokerage remains same irrespective of order placed. (This plan is similar to brokerage structure of other discount brokers like Zerodha)
- Flat Rs 15 per executed order in all segments.
- No minimum brokerage commitment, no monthly charges and software fees.
- Value Plan: Best suited for low volume traders and investors. Commission is charged on percentage basis.
- Delivery: 0.07%
- Intraday : 0.007%
- Futures: 0.007%
- Options: Rs 7 per lot
- Currency : 0.007%
- Commodities: 0.007%
Account Opening Charges:
- Trading Account opening charges: Rs 200 (One time)
- Demat Account opening charges: Rs 200
- Trading Account Annual Maintenance charges:NIL
- Demat Account Annual Maintenance charges: NIL for first year and Rs 300 from second year onwards.
Direct Link to Open Account with TradeSmartOnline
TradeSmartOnline Trading Platforms:
Tradesmartonline offer different trading platforms like NEST and SINE.
NEST is developed by third party (Omnesys Technologies). Most of the discount brokers offer NEST to their clients as it is one of the established platform.
SINE is in house developed trading platform. One can use it using web and mobile.
SINE salient features:
- Coding your own strategy is possible
- In built chart pattern recognition and can identify 19 different charting patterns.
- Options Chain to assess the current market conditions.
- Easy monitoring of your Orders, Holdings, Positions, MTM and Trading Balance on real-time basis
- Trade directly from chart like view, place , modify and cancel the order
- User-Friendly Interface ensures hassle-free stock trading for beginners, professionals as well as veterans
TradeSmartOnline In Comparison With Other Brokers:
Check out how Trade Smart Online fares in comparison with other leading stock brokers of India.
TradeSmartOnline in comparison with other Stock Brokers |
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TradeSmartOnline Contact Details:
- Website: Trade Smart Online Website
- Email: contactus@vnsfin.com
- Phone: +91-22-61208000
- Address: A 401, Mangalya, 4th floor, Marol maroshi road, Andheri (E) , Mumbai – 400059
TradeSmartOnline Pros and Cons:
Disadvantages of TradeSmartOnline:
- It is not a 3-in-1 demat account
- No market recommendations and tips as they are discount brokers
- One can not invest in Mutual Funds and IPOs
Advantages of TradeSmartOnline:
- Flexible and very competitive brokerage plans
- They have their own DP
- Offer For Sale(OFS) is supported
- Inhouse tools and platforms
- Refer customers and earn when they trade
TradeSmartOnline Review – Conclusion :
Also it offers both NEST and its own trading platforms.
So in my opinion, they are the brokerage house offering multiple choices to their clients. The brokerage charges are also pretty competitive.
And being in the industry for more than 20+ years, it promoter can be trusted. One can consider opening an account with them.
Please share your review about Trade Smart Online and ratings through comments.
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