TradeSmartonline  Review & a Stock broker in Mumbai, Pros & Cons

TradeSmart is one of the oldest names in India’s Stock Broking, which isn’t ready to leave the top spot

TradeSmart Online Review & its Company information 

Incorporated in 1994, Trade Smart is a Mumbai based discount broking firm. A venture by the financial biggie VNS Finance and Capital Ltd., Trade Smart is the perfect place for traders and investors in search of low brokerages, high margins, and a fast trading platform.

Trade Smart was incepted with the vision to provide smart and seamless trading experience to customers through their various trading platforms and services since then Trade Smart has left no stone unturned in deploying innovative technological solutions for easing customers in trading

Trade Smart has Rs. 2500 crore of daily trade value with a spangling customer base of more than 17000, which is increasing day-by-day, given their world-class facilities and national presence.

They have their branches at multiple locations within the country, backed by no less than a thousand of sub-brokers and dealers who companies’ sales portfolio.

They also offer trading at multiple exchanges flexibility with multiple segments lined up. Trade Smart is registered with BSE, NSE, MCDX, and other reputed exchanges at the world level as well. You can trade in Equity, Currency, Commodity & Derivatives all at one go.

The versatility in trading that Trade Smart offers to its customers has garnered accolades and has become the sole reason for the gain in customers.

TradeSmartOnline Brokerage Charges

They are having 3 proactive brokerage plan which attract the trader in three different way

Value Plan (suitable for less active, high capital traders)

1: Equity Delivery,Intraday,Features:  0.07%

2: Equity & Currency Options: Rs.7 per lot

3: Currency Features & Comodity: 0.007

Power Plan (Appropriate for heavy traders trading for larger volume as well as higher trading values)

1:Equity Delivery,Indraday,Features, Option: Rs15 per executed order

2:Currency Features,Option & Comodity: Rs15 per executed order

Infinity Plan (Best for traders trading in small parts of the capital with no bar on number or volume of trades)
1: Equity Delivery,Intraday,Features, Option: Rs.3999 per month for unlimited trades

2:Currency Features,Options, Comodity: Rs.1999 per month for unlimited trades

The intraday leverage details for the website are as follows

1:Equity Delivery: Upto 4time

2:Equity Intraday: Upto 30times

3:Equity Features, Option,Comodity: Upto 5times

4:Currency Features, Option: Upto 3times

TradeSmartOnline Pros & cons

Advantage and Disadvantage of TradeSmartOnline:-

Why we should open account in tradesmartonline

Trade Smart Online doesn’t differentiate between traders on the basis of capital and trading, offering flexible brokerage plans categorized on the basis of varying trade volume and frequency.

Primarily they offer two unique brokerage plans– one for lesser volume traders and the other one for high volume traders. In the Lesser Volume plan, they charge a percentage of the trade amount.

Trade Smart charges 0.007% of the trade value for Equity Intraday, Futures, Currency & Commodities while 0.07% of the trade value for Equity Delivery services.

The silver lining is that Trade Smart charges Rs. 7 per lot irrespective of the trade amount for options trading, this comes as a boon for the less volume trader who would not be frequent in his transactions and also not too much value as well, imparting him with the optimum profit of sales.

Also, for High Volume traders, Trade Smart charges Rs. 15 per executed order charge which is levied on the trader for each trade irrespective of the trade value.

This simply means that whether you trade for 1 Lac, 10Lac, or 1 Crore, the charges would be the same for a single order. This kind of plan is ideal for high net worth customers.

The company also offers a unique concept called the Zero-Margin Money concept, wherein there is no account Opening fee and no Margin money, this is the company’s flagship program where they want more and more people to join them and trade effortlessly using their trading platform.

TradesmartOnline trading platform

NEST Trader (Desktop trading platform)
Dartstock (Desktop trading platform)
Sine Web (Website Trading)
Sine App (Mobile Trading)

Ease of transaction and withdrawal in TradeSmartOnline 

Trade Smart offers three ways for transferring funds to your account, making funds transfer easier-

 Through Payment Gateway– In this option, you can quickly transfer funds from your bank account to your trading account by using NEST or NOW trading applications offered by the discount broker.

Funds transfer done using NEST will have a charge of ₹8 per transfer, with a minimum transfer value of ₹100 and a maximum of ₹5000. Similarly, funds transfer done using NOW are free of charge, with no minimum, maximum limit.

 NEFT/RTGS – You can transfer funds using NEFT in your trading account as you do normally, with no specific deduction made by the discount brokerage firm.

 Cheque – You can also use the traditional method of depositing a cheque with the prescribed amount, with transactions made in favor of Trade Smart. For withdrawal the request can be made using the trading platforms (either NEST or NOW) or through the back office.

Your withdrawal request will be processed on the same trading day with the NEFT/RTGS service without any hassle or deductions Customer Support Trade Smart, for long, has become a platform offering diverse services across the length and breadth of the country.

This comes with a reflex of issues faced by investors who availed for all the diverse products and services. Anyone may reach out anytime with the issues regarding any product and services.

The Trade Smart Online Customer Care team got everything in control and the system they follow allows them to reciprocate each of the clients with successful solutions.

Here is the entire customer care report for the company Trade Smart

• Online Customer Care
Verbal communication is the first medium of interaction opted by the majority of the people and connecting via Trade Smart Online Customer Support Number 022 61208000 would be just as easy. A representative will have a hold of the issue you are facing and guide you smoothly and in a friendly manner.

• Trade Smart Online Customer Care Email ID
People who are experts on keyboards and are kinda used to it may choose the second method of communication which is, of course, Trade Smart Online Customer Support Email ID info@vnsfin.com. The response would be received in a couple of days with the solution or the procedure which would solve your query.

• Trade Smart Online Help Desk
Turning off the mainstream ways, the company provides the assistance of ChatBot Sarita, social media handles – Facebook and Twitter, and a compliance officer other than the Trade Smart Online Customer Care team. The officer can be directly contacted via email and you can expect a definite response.

TradeSmartOnline Review Conclusion 

Trade Smart being one of the oldest discount brokerage firms, is adapting to modern trends and providing customers with unparalleled support and facilities. Customers can be reassured when trading with Tradesmart due to its transparency and packages it has in store for all types of customers.

OPEN TRADESMART AC