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TradePlus Online Vs Trade Smart Online
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TradePlus Online Vs Trade Smart Online comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
TradePlus Online Vs Trade Smart Online Comparison
Here is a point by point comparison of TradePlus Online Vs Trade Smart Online.
TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fee for unlimited trading on trading segments including Currency, Options and Commodity.
They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
Trade Smart Online is a discount broker that was incorporated by VNS – a stockbroking firm that was founded in 1994. Discount brokers such as Trade Smart Online charge a fixed amount at the transaction level and are independent of the size of the transaction.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between TradePlus Online and Trade Smart Online to help you find which of the two suits your needs better. The comparison is made on various aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
TradePlus Online Vs Trade Smart Online Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
 |  | |
| Trade Smart Online Review | Trade Plus Online Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 1994 | 1995 |
| Number of branches across India | 1 | 300 |
| Exchanges | NSE, BSE, MCX, MCX-SX and NCDEX | NSE, BSE, MCX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹200 | ₹199 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹499 (for 5 years) |
| Demat Account Opening Charges | ₹200 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹300 | ₹0 |
| Transaction Charges | Trade Smart Online Transaction Charges | TradePlus Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹15 per executed order or 0.07% depending on the plan | 0.1% |
| Intraday Delivery | ₹15 per executed order or 0.007% depending on the plan | 0.01% |
| Equity Futures | ₹15 per executed order or 0.007% depending on the plan | ₹799 per month for Unlimited trading or 0.01% whichever is lower |
| Equity Options | ₹15 or ₹7 per executed order depending on the plan | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Futures | ₹15 per executed order or 0.007% depending on the plan | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Options | ₹15 per executed order or 0.007% depending on the plan | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Commodity | ₹15 per executed order or 0.007% depending on the plan | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Brokerage Calculator | Trade Smart Online Brokerage Calculator | TradePlus Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 30 times | 4 times for Delivery on Shares when VAR margin is less than 20% |
| Equity Futures | Upto 5 times | NA |
| Equity Options | Upto 5 times | Upto 2 times for Intraday |
| Currency Futures | Upto 3 times | NA |
| Currency Options | Upto 3 times | Upto 2 times for Intraday |
| Commodities | Upto 5 times | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | |  |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | NOW, Nest, Spin | Nest On Web, Infini Trader, TradPlus Mobile |
| Total BSE+NSE Complaints | 14 | 140 |
| OVERALL RATING |  | |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with TradePlus Online Vs Trade Smart Online for the benefits of other readers?
Please feel free to share in the comments below.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Summary
Reviewer
A Digital Blogger
Date
Broker Name
TradePlus Online Vs Trade Smart Online
Overall Rating
