Secure Your Investments: A Guide to Demat Accounts with Trade Smart | Garv Thakur
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TradeSmart Demat Account Review | Charges and Details
TradeSmart is an Indian Discount broker house. It is a venture of VNS finance. VNS finance has been registered at NSE in 1994. TradeSmart is registered by SEBI as VNS Finance and Capital Services Limited. TradeSmart is a successful business owner in online too. It focuses on providing best-in-class technology with high-level security to give the best and enhanced trading experience to their customers with low trade smart brokerage charges.
TradeSmart Demat Account Charges
The customer is required to pay TradeSmart demat account opening charges. The broker also charges an Annual Maintenance Charge (AMC), a yearly fee to maintain the demat account.
Service | Charges |
TradeSmart Demat Account Opening Fees | ₹0 |
TradeSmart Demat Account AMC | ₹0 – For the First year ₹300 – From the second year onwards |
TradeSmart Demat Account Opening
TradeSmart is a depository participant of CDSL. It allows the company to provide online demat account India or demat account opening services to the customers. The stock broker facilitates its customers to open a trading and demat account at once with a company.
A demat account is used to hold the shares in an electronic form. Dematerialized account is commonly known as demat account in simple words. To do any transaction in stock exchange, investors must have a demat account. Investors can open a demat account in India with the help of a broker. Demat account usage is that it makes your trade smart stocks trading, investing, etc. smoother and faster as well.
As per government guidelines, it is mandatory to have a Demat account for trading along with a trading account.
Documents required to open a Demat account in TradeSmart
A certain set of documents is required to open a demat account with TradeSmart. The documents required are listed below:
1. PAN Card.
2. Address proof (Driving license, Ration card/ Aadhar card/ Latest telephone bill/ Latest electricity bill).
3. Passport-size photograph.
4. Bank account statement for the last 6 months.
5. Cancelled cheque with name printed on it.
Procedure to open a Demat account in TradeSmart
There are three ways by which you can open a demat account with TradeSmart:
1. Online demat account opening.
2. Offline demat account opening.
Note - To open an online Trade Smart demat account in India, your mobile number and email ID must be linked with your Aadhar Number. If it is not linked, link it first or else go with offline demat account opening.
TradeSmart Online Demat Account Opening Procedure:
Follow the below steps to open a demat account in TradeSmart:
1. Visit the official website of ‘TradeSmart’.
2. Click on ‘Open an Account’.
3. Fill all required details.
4. Upload scanned copies of the required documents.
5. Submit the application.
TradeSmart Demat Account Opening Procedure Offline:
Follow the below steps to open a demat account in TradeSmart:
1. Visit the official website of ‘TradeSmart’.
2. Scroll down and click on ‘Downloads’.
3. Download Account opening form and take its printout.
4. Fill the form properly with Black Pen only and sign properly on marked places.
5. Attach hard copies of the required self-attested documents.
6. Send filled application from along with documents to the TradeSmart office address.
Conclusion
TradeSmart has built itself into a complete online stockbroking firm. It provides dynamic versatile services to all of its customers. This makes it stable in the industry for a longer period of time. If the company grows constantly then it will be one of the top broking houses in the nation. Its depository services are up to the mark.
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Frequently Asked Questions
CTS refers to the Cheque Truncation System. It is the system in which the flow of physical movement of the cheque will be eliminated in the cheque clearing process.
Yes, through the Trade smart mutual fund online you can invest in SIP also.
The member broker internally processes short delivery settlements between its clients rather than exchanging through buy in action.
All the signatures are mandatory as per the rules and regulations of SEBI.
NEST Trader and Fox Trader is the desktop trading platform of TradeSmart.
The payments will be transferred by NEFT or RTGS.
At the end of the day, you will receive an email from the electronic contract note. It will give all the transaction details including the expenses charged.
Yes, they have customer support phone service.
Visit the stock broker’s website or mutual fund website to check the mutual fund details and select the best SIP mutual funds.
All the exchanges are required to collect the margin money for trading in the derivatives segments as per SEBI Regulations. It is also termed as the Initial Margin.
Office Address
A-401, Mangalya,
Marol Maroshi Road
Andheri East
Gamdevi, Marol, Anderi East,
Mumbai, MH 400059
The account opening charges are ₹200 for MCX. An additional amount of ₹100 will be applicable in case the form is couriered from our end.
No, there are no minimum turnover commitments. You choose a trading plan most suited to your trading pattern and then you pay as per the plan chosen. There is no minimum turnover required from our side.
It provides two unique brokerage plans. The one is to trade @7 (for lesser volume traders) and the other is trade @ 15 (for big volume traders).
First login to the NEST Trading application, then go to the view order/trade reports. Then view RMS limits under the user options see net available cash balance.
It is a 4-digit telephone personal Identification number. It is used to verify the authenticity of the customers to allow instant access to call and trade facility.
Yes, TradeSmart does provide the facility of Algo Trading.
The customers will be informed if there is any shortfall in margin or debit balance, then you can pay that amount to avoid any convenience in trading.
Yes, TradeSmart is a listed company and was incorporated in the year 1994.
No, Tradesmart does not have branches.
Yes, you can place After Market Order with TradeSmart.
Yes, you can choose different pricing plans for Equity and Commodity segment.
It takes up to 24 hours except bank holidays.
If all your documents are proper as per the KYC norms, then it actually takes 3 working days after receiving the account opening form.
You can close your account either by filling the account closing form on the website or by downloading and printing it and then by sending it to the Mumbai Corporate Office address.
Yes, TradeSmart provides the combined ledger for the equity and commodity trading.
In case of the stock market trading do not deal with any foxed return schemes rather it depends on the investment planning and decisions. However, from various part researches and in long-run stock market trading provides an approximate revenue of 15% per year.
In this process the short delivery is settled by the Member broker internally among his clients instead by the exchange through buy-in auction.
No, we do not offer clients to participate in the auction market.
No, its not necessary to appoint a nominee at the time of account opening.
If you are unable to provide the bank statement then provide the self-attested copy of the welcome letter received from the bank that mentions your account number and other details. Make sure the cancelled cheque has your Name, IFSC Code and MICR No. printed on it.
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