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TradeSmart is a Mumbai-based discount brokerage firm that offers services in stock, commodity, and currency trading segments. As a venture of VNS Finance, established in 1994, TradeSmart leverages over two decades of experience in the brokerage industry. The firm aims to provide a seamless trading experience by integrating advanced technology with high-level security measures.
With a client base exceeding 75,000 and an average daily turnover of over ₹8,500 crores, TradeSmart has established itself as a significant player in the Indian brokerage landscape. The firm offers flexible brokerage plans and advanced trading platforms, catering to both novice and seasoned traders.
TradeSmart Key Features
- Flexible brokerage plans tailored to different trading needs
- Advanced trading platforms, including desktop and mobile applications
- High intraday margin exposure, up to 30 times in NSE cash
- Bracket and Cover Orders available on mobile apps
- No minimum balance requirement for account opening
- Margin against shares facility
- Competitive transaction charges
- Excellent customer service with multiple support channels
TradeSmart Regulatory Status & Licenses
TradeSmart operates under the umbrella of VNS Finance & Capital Services Ltd., which is registered with several major Indian exchanges. The firm’s affiliations ensure compliance with industry regulations and provide a secure trading environment for its clients.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| NSE | INB230964330 | Yes | Yes | India |
| BSE | INB010964337 | Yes | Yes | India |
| MCX | 16830 | Yes | Yes | India |
| NCDEX | 0502 | Yes | Yes | India |
| CDSL | IN-DP-CDSL-12030400 | Yes | Yes | India |
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TradeSmart Trading Instruments
TradeSmart offers a diverse range of trading instruments, allowing clients to participate in various market segments. The available asset classes include:
- Equity: Trading in shares of publicly listed companies.
- Futures & Options (F&O): Derivative contracts based on underlying assets like equities and indices.
- Currency Derivatives: Trading in currency pairs.
- Commodities: Trading in commodities like gold, silver, crude oil, etc.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Equity | 500+ | Up to 4x | Variable |
| Futures & Options | 200+ | Up to 5x | Variable |
| Currency Pairs | 40+ | Up to 3x | Variable |
| Commodities | 20+ | Up to 5x | Variable |
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TradeSmart Trading Platforms
TradeSmart provides multiple trading platforms to cater to the diverse needs of its clients. These platforms are designed to offer a seamless trading experience across devices.
- SINE: A web-based trading platform accessible through browsers.
- NEST Trader: A desktop application offering advanced trading tools.
- Dartstock: An advanced desktop platform with real-time data analytics.
- SINE Mobile App: A mobile application for trading on the go.
| Platform | Availability | Features |
|---|---|---|
| SINE | Web | Real-time data, customizable interface |
| NEST Trader | Desktop (Windows) | Advanced charting, multiple order types |
| Dartstock | Desktop (Windows) | Real-time analytics, customizable dashboards |
| SINE Mobile | iOS, Android | Instant order placement, portfolio tracking |
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TradeSmart Mobile App
The SINE Mobile App by TradeSmart enables clients to trade seamlessly from their smartphones. The app offers features such as real-time market data, instant order placement, and portfolio tracking.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| User Experience | 4.2 | 4.0 |
| Functionality | 4.0 | 4.1 |
| Performance | 4.1 | 4.0 |
TradeSmart Account Types
TradeSmart offers flexible brokerage plans to suit different trading needs. Clients can choose between the Value Trading Plan and the Power Trading Plan.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Value Trading Plan | ₹0 | Up to 4x | Variable | ₹15 per trade |
| Power Trading Plan | ₹0 | Up to 5x | Variable | ₹0.007% per executed order |
TradeSmart Commissions & Fees
TradeSmart offers competitive brokerage charges and transparent pricing. Clients can opt for a flat-fee model or a percentage-based brokerage structure.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Equity Delivery | ₹15 per trade | 0.10% | 0.05% | ₹15 per trade |
| Equity Intraday | ₹15 per trade | 0.02% | 0.01% | ₹15 per trade |
| Futures & Options | ₹15 per trade | ₹10 per lot | ₹8 per lot | ₹15 per trade |
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TradeSmart Deposit & Withdrawals
TradeSmart supports multiple payment options for deposits and withdrawals.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| UPI | Free | Free | Instant |
| Bank Transfer | Free | ₹10 per withdrawal | 1-2 days |
| Debit Card | Free | Free | Instant |
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TradeSmart Customer Support
TradeSmart provides reliable customer support with multiple contact channels, ensuring prompt responses to client queries.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Phone | 9 AM – 6 PM (Mon-Fri) | 1-5 min | English, Hindi |
| Live Chat | 24/7 | Instant | English, Hindi |
| 24/7 | Within 24 hrs | English |
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TradeSmart Education & Research
TradeSmart offers educational materials and market research tools to help traders make informed decisions.
| Resource Type | Availability | Quality |
|---|---|---|
| Webinars | Weekly | High |
| Market Analysis | Daily | High |
| Trading Tutorials | Yes | High |
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TradeSmart Google Reviews & Reputation
TradeSmart maintains a strong reputation among traders, with favorable reviews across multiple platforms.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Customer Service | 4.2 | 4.1 | 4.0 | 4.0 |
| Platform Quality | 4.3 | 4.2 | 4.1 | 4.0 |
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TradeSmart Bonuses & Promotions
TradeSmart occasionally offers bonuses and promotions to attract new traders. Some common promotions include:
- Referral bonus
- Discount on brokerage fees for high-volume traders
- Cashback on first deposit
TradeSmart Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Low brokerage fees | No 24/7 phone support |
| Multiple trading platforms | No free research reports |
| High leverage options | No physical branch offices |
Final Thoughts
TradeSmart is a solid choice for beginners due to its low fees, advanced trading platforms, and flexible brokerage plans. While it lacks 24/7 phone support, its live chat and email response times are impressive.