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
Please note than as of Friday, 22 Nov, 2019, Karvy Stock Broking Ltd is barred by SEBI from taking on any new clients, after finding alleged client-related fraud. However, Karvy will still serve the existing client base. They can still trade and manage the existing client’s demat accounts, and still serve services like applying in IPOs, and still retain the option to close their account anytime, but opening up of new accounts is prohibited.
Karvy Stock Broking Ltd (KSBL), established in 1990, is a subsidiary of KARVY Group, who happen to be one of India's popular financial services company. The firm, being a full service broker, offers stock broking and research advisory services too.
Karvy Stock Broking: Overview
Karvy Stock Broking Ltd (KSBL) is based out of Hyderabad, and is the brokerage-subsidiary Karvy Group. The firm happens to be a registered member of BSE, NSE, MCX, and ICEX along with being a registered
Charge | Trade Smart Online | Karvy Stock Broking Ltd. |
---|---|---|
Demat Account Opening Charges | ₹200 | ₹0 |
Trading Acc Opening Charges | ₹200 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 | ₹500 p.a. (For 1st year: Free) |
Charge | Trade Smart Online | Karvy Stock Broking Ltd. |
---|---|---|
Plan Name | Power Trading Plan | Basic Plan |
Equity Delivery | ₹15 per executed order | 0.3% |
Equity Intraday | ₹15 per executed order | 0.03% |
Equity Futures | ₹15 per executed order | 0.03% |
Equity Options | ₹15 per executed order | ₹50 per lot |
Currency Futures | ₹15 per executed order | 0.03% |
Currency Options | ₹15 per executed order | ₹50 per lot |
Commodity Options | ₹15 per executed order | 0.01% only on the sell side |
Mutual Fund | N/A | N/A |
Segment | Trade Smart Online | Karvy Stock Broking Ltd. |
---|---|---|
Equity Delivery | 1x (No Margin) | Upto 5x |
Equity Intraday | Upto 30x | Upto 20x |
Equity Future | MIS: 3X | BO: 7X | CO: 7X | Upto 4x |
Equity Options | MIS: 3X | BO: 7X | CO: 7X | Upto 4x for shorting |
Currency Future | MIS: 3X | BO: 3X | CO: 3X | Nil |
Currency Options | MIS: 3X | Nil |
Commodity Future | MIS: 2X | BO: 6X | CO: 6X | Upto 4x |
Commodity Options | N/A | N/A |