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Tradingo Review
Incorporated on 2016 in Indore (Madhya Pradesh) by IIT Delhi alumni Mr. Parth Nyati having a decade of experience in the brokerage industry. Today, he is one of the best techies in the financial industry and also holds a position of board member of BSE Brokers Forum. Tradingo is a modern stock trading platform offers 2 types of brokerage plans; Discount brokerage plan and Premium brokerage plan. Tradingo is powered by 28 years old financial services company named as Swastika Investmart Limited which is listed on BSE (Trading Symbol – 530585). Tradingo provides the facility to invest in NSE, BSE, MCX, NCDEX and MSEI. This is a very diverse platform offers a wide range of financial services to the customers in a very affordable price. By using this platform, you can invest in equity, derivative, futures, options, IPO, mutual funds, bonds and much more.
Tradingo is the depositary participant of both CDSL & NSDL, it offers free demat and trading account opening services in its platform. Swastika has its presence in more than 500 cities with a network of 102 branches and 2261 sub-brokers. Tradingo is well-known for attractive leverage and exposure facility through which you can buy unaffordable shares. This discount broker offers free trading software such as Tradingo (Mobile App), Tradingo (Website) and Justrade Pro (Installable trading terminal).
Tradingo Account Opening Charges:
You don’t need to pay any charges to open a demat account on Tradingo.
Account | Charges |
Trading Account Opening Charges | ₹0 |
Trading Account AMC | ₹0 |
Demat Account Opening Charges | ₹0 |
Demat AMC | ₹250 / Year |
Tradingo Brokerage Plans:
Tradingo is a very diverse broker offers 2 types of brokerage plans to their clients / customers. Both the brokerage plans are as follows:
1. Discount Brokerage Plan:
Tradingo offers Discount Brokerage Plan specially for the traders who can trade online with minimum assistance from the broker.
- Equity Delivery : ₹0 (Free)
- Equity Intraday : ₹20 per trade or 0.03% (Whichever is lower)
- Equity Intraday : ₹20 per trade or 0.03% (Whichever is lower)
- Equity Options : ₹20 per executed order
- Currency Futures : ₹20 per trade or 0.01% (Whichever is lower)
- Currency Options : ₹20 per executed order
- Commodity Futures : ₹20 per trade or 0.01% (Whichever is lower)
- Commodity Options : ₹100 per executed order
2. Premium Brokerage Plan:
Tradingo offers Premium Brokerage Plan specially for the traders who need in-person assistance from the broker through relationship managers, research and recommendations.
• Equity Delivery : 0.3% of trade value
• Equity Intraday : 0.03% of trade value
• Equity Futures : 0.03% of trade value
• Equity Options : ₹50 per lot
• Currency Futures : 0.3% of trade value
• Currency Options : ₹50 per lot
• Commodity Futures : 0.3% of trade value
• Commodity Options : ₹100 per lot
Tradingo Other Charges:
Taxes | Rates |
Securities Transaction Tax (STT) | Equity Delivery- 0.1% on both buy & sell Equity Intraday- 0.025% on sell side Equity Futures- 0.01% on sell side Equity Options- 0.05% on sell side (premium) ; 0.125% on buy side if the option is exercised Commodity Futures- 0.01% on sell side (Non-Agri) Commodity Options- 0.05% on sell side Currency F&O- No STT On exercise transaction- 0.125% Right to entitlement- 0.05% on sell side
|
GST | 18% on (Brokerage + Transaction + SEBI fee) |
SEBI Charges | ₹15/crore |
Stamp Duty | (On buy side only) Delivery- 0.015%, Intraday- 0.003%, Equity Futures- 0.002%, Equity Options- 0.003% and Currency F&O- 0.0001% Commodity Futures- 0.002%, Commodity Options- 0.003% |
Tradingo Trading Software:
Tradingo offers free trading software and tools to the clients which are as follows:
1. Tradingo (Mobile App) – The company offers mobile-based trading platform ‘Tradingo’ which allows you to trade / invest from any place at any time. This application is available free of cost for the customers to trade or invest in stocks, currencies and commodities.
2. Tradingo (Web-based Platform) – Tradingo offers browser-based trading website that allows users to trade / invest by using any browser such as Google Chrome, Mozilla Firefox, Safari and Internet Explorer.
3. Justrade Pro Software (Installable Trading Terminal) – Justrade Pro is a desktop-based installable trading terminal designed for high-frequency traders. This platform provides the facility of customisable watchlist, faster order execution, live reports, instant news and much more.
Tradingo Margin:
Tradingo offers margin facility through which you can trade more in the share market and increase your assets drastically. Tradingo provides different margin for intraday trades and carry forward trades which are as follows:
Tradingo Margin for Intraday Trades:
Segment | Discount Plan | Premium Plan |
Equity | 5x | 6.66x |
Futures | 1.25x | 1.33x |
Options | 1.25x | 1.33x |
Currency Futures | 1.25x | 1.33x |
Currency Option | 1.5x | 1.33x |
Commodity | 1.25x | 1.33x |
Commodity Option | 1.25x | 1.33x |
Tradingo Margin for Carry Forward Trades:
Segment | Discount Plan | Premium Plan |
Equity | 1x | 2x |
Futures | 1x | 1x |
Options | 1x | 1x |
Currency Futures | 1x | 1x |
Currency Option | 1x | 1x |
Commodity | 1x | 1x |
Commodity Option | 1x | 1x |
Tradingo Advantages & Disadvantages:
Day by day, Tradingo is increasing their client base. We must read advantages and disadvantages before selecting Tradingo.
Advantages:
• Allows to invest in US stocks.
• Free tips and advisory via SMS.
• Maximum brokerage of Rs 20 per executed order for all the segments.
• Algo-trading facility.
• Modern & ultra-fast trading software.
Disadvantages:
• Tradingo provides call & trade facility at an additional cost of Rs 20 per order.
• Does not offer 3-in-1 account.
• Does not provides research reports and advisory services for discount brokerage plan.
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