Optimize Your Trading Costs: A Comprehensive Guide to Trade Smart's Brokerage Structure | Garv Thakur
TradeSmart Account Opening Enquiry
TradeSmart Brokerage Charges Review | Other Transaction Charges
TradeSmart is an Indian Discount broker house. It is a Mumbai based broker that offers various discount brokerage services in stock, commodity and in the currency trading segments. The stock broker is a venture of VNS finance that is one of the traditional brokerage companies that was registered at NSE in 1994 to offer its service to the Indian Stock, Currency and Commodity Market. It provides its service online through Franchise and Sub brokers.
TradeSmart is a successful online business owner in Indian Stock market. It focuses on providing the best advanced technology with the high-level security in order to provide the best and enhanced trading experience to their customers.
TradeSmart Brokerage Charges Details
A brokerage is charged at the time of buying or selling any stock. It is charged as a commission by the stock broker. This is known as TradeSmart Brokerage fees or Brokerage Charges. TradeSmart brokerage charges explained well in below table. Trade Smart online brokerage charges offers 2 types of TradeSmart brokerage plans to its customers. The customers can choose whichever plan suits them.
1. TradeSmart Value Trading Plan: It is suitable for the traders who trade less but do it with the higher trading capital.
|
Segment |
Brokerage Charge |
|
Equity Delivery |
0.07% |
|
Equity Intraday |
0.007% |
|
Equity Futures |
0.007% |
|
Equity Options |
₹7 per lot |
|
Currency Futures |
0.007% |
|
Currency Options |
₹7 per lot |
|
Commodity |
0.007% |
2. TradeSmart Power Trading Plan: This suit heavy traders who trade for larger volume along with the higher trading values.
|
Segment |
Brokerage Charge |
|
Equity Delivery |
₹15 per executed order |
|
Equity Intraday |
₹15 per executed order |
|
Equity Futures |
₹15 per executed order |
|
Equity Options |
₹15 per executed order |
|
Currency Futures |
₹15 per executed order |
|
Currency Options |
₹15 per executed order |
|
Commodity |
₹15 per executed order |
TradeSmart brokerage calculator or TradeSmart online brokerage calculator is also available on its official website.
There are some other charges charged by the TradeSmart Stock broker. The charges are explained in detail below:
Particulars | Charges |
Demat AMC
| ₹300 + GST |
Demat AMC for corporates | ₹1000 + GST |
Physical contract note/ other statements etc. | ₹25 per contract note + Courier charges |
Trade on phone | ₹20 per executed order + GST |
Off market transfer (DP) | ₹25 + GST |
Demat transaction charges | ₹15 + GST |
Account opening charges | ₹400 |
Cheque dishonor charges | ₹200 per instance |
Inter DP transfer | ₹25 + GST |
Materialization | ₹500 per certificate GST |
Additional charges for BSE | ₹1 per executed order + GST |
Share Pledge In | ₹200 per scrip + GST |
Share Pledge Out | ₹200 per scrip + GST |
NEST Instant fund transfer charges | ₹8 + GST |
Third party fund transfer charges | ₹400 (For refund in 2 working days) |
KRA Modification | ₹35 + GST |
MIS, CO, BO Auto Square off charges | ₹20 per executed order |
₹15 per scrip per day + GST |
Note:
1. GST is charged at the rate of 18%.
2. Call and trade: Rs.20 per executed order + brokerage commission.
3. All digital documents are sent via email.
4. NSE charges, Transaction charges and Statutory Levies charges are applicable.
Comments for Optimize Your Trading Costs: A Comprehensive Guide to Trade Smart's Brokerage Structure | Garv Thakur
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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