Trade Plus Online Vs Composite Edge – Share Brokers Comparison
Trade Plus Online Vs Composite Edge
Here is a point by point comparison of Trade Plus Online Vs Composite Edge. 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 fees 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. Composite Edge started way back in 1994 but recently pivoted to discount broking few years back. Based out of Bengaluru, Composite edge is known for its incentivization towards heavy brokers with its brokerage charges getting lower for heavy traders.
Discount brokers such as Composite Edge or Trade Plus Online offer trading services at much cheaper brokerage rates and reasonable customer service. It can become very difficult to decide between two discount brokers who are almost similar in their propositions but still are different in areas that can make or break for customers.
To make things easy for you, we have listed out the comparison between Trade Plus Online Vs Composite Edge to help you find which of the two suits your needs better. The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
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 stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Comparison
Composite Edge 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 | BSE, NSE, MCX-SX and MCX | NSE, BSE, MCX |
ACCOUNT CHARGES | NSE, BSE, MCX-SX | |
Trading Account Opening Charges | ₹350 | ₹199 |
Trading Account Annual Maintenance Charges | ₹0 | ₹499 (for 5 years) |
Demat Account Opening Charges | ₹50 | ₹0 |
Demat Account Annual Maintenance Charges | ₹300 | ₹0 |
Transaction Charges | Composite Edge Transaction Charges | TradePlus Online Transaction Charges |
BROKERAGE | ||
Equity Delivery | ₹18 or 0.06% whichever is lower | 0.1% |
Intraday Delivery | ₹18 or 0.006% whichever is lower | 0.01% |
Equity Futures | ₹18 or 0.006% whichever is lower | ₹799 per month for Unlimited trading or 0.01% whichever is lower |
Equity Options | ₹18 or 0.006% whichever is lower | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
Currency Futures | ₹18 or 0.006% whichever is lower | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
Currency Options | ₹18 or 0.006% whichever is lower | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
Commodity | ₹18 or 0.006% whichever is lower | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
Brokerage Calculator | Composite Edge Brokerage Calculator | TradePlus Online Brokerage Calculator |
EXPOSURE OR LEVERAGE | ||
Equity | Upto 5 times Intraday | 4 times for Delivery on Shares when VAR margin is less than 20% |
Equity Futures | Upto 3 times for Intraday | NA |
Equity Options | Buying no Leverage, shorting upto 3 times for Intraday | Upto 2 times for Intraday |
Currency Futures | Upto 2 times for Intraday | NA |
Currency Options | Buying no Leverage, shorting upto 2 times for Intraday | Upto 2 times for Intraday |
Commodities | Upto 2 times for Intraday | 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, Now Online, NSE Mobile | Nest On Web, Infini Trader, TradPlus Mobile |
Total BSE+NSE Complaints | 5 | 140 |
OVERALL RATING | ||
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Trade Plus Online Vs Composite Edge for the benefits of other readers. Please feel free to share in the comments below.
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