Trade Smart is a well-known name in India’s Stock Broking industry, which is ranks well among the famous discount brokers in India.
Trade Smart is a Mumbai based broking firm, incorporated in 1994 by VNS Finance and Capital Ltd. It is the ideal spot for investors and traders looking for high margins with low brokerages and the fast trading platform.
Trade Smart began with the vision to offer a smart and consistent trading experience to users through their various services and trading platforms. From that point forward, Trade Smart has left no efforts in utilizing innovative technology solutions for easement customers in trading.
They have a daily trade value of Rs. 2500 crore with more than 17000 spangling customer base, which is growing day by day, providing their best facilities and national presence. Also, they have their branches at numerous locations across the nation, supported by no not exactly
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Charge | Trade Smart Online | IDBI Direct |
---|---|---|
Demat Account Opening Charges | ₹200 | ₹0 |
Trading Acc Opening Charges | ₹200 | ₹500 (one-time) |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 | ₹450 p.a. |
Charge | Trade Smart Online | IDBI Direct |
---|---|---|
Plan Name | Power Trading Plan | Standard Plan |
Equity Delivery | ₹15 per executed order | 0.50% |
Equity Intraday | ₹15 per executed order | 0.05% |
Equity Futures | ₹15 per executed order | 0.05% |
Equity Options | ₹15 per executed order | ₹100 per lot |
Currency Futures | ₹15 per executed order | N/A |
Currency Options | ₹15 per executed order | N/A |
Commodity Options | ₹15 per executed order | N/A |
Mutual Fund | N/A | N/A |
Segment | Trade Smart Online | IDBI Direct |
---|---|---|
Equity Delivery | 1x (No Margin) | Nil |
Equity Intraday | Upto 30x | Upto 4x |
Equity Future | MIS: 3X | BO: 7X | CO: 7X | Nil |
Equity Options | MIS: 3X | BO: 7X | CO: 7X | Nil |
Currency Future | MIS: 3X | BO: 3X | CO: 3X | N/A |
Currency Options | MIS: 3X | N/A |
Commodity Future | MIS: 2X | BO: 6X | CO: 6X | N/A |
Commodity Options | N/A | N/A |