TradeSmart Review 2021

Rated 4 stars Rated 4/5 by Top Share Brokers Team
TradeSmart Review

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Incorporated in 1994, TradeSmart is a part of VNS Finance. VNS Finance is a member of NSE from 1994. Trade Smart is a discount broker and online trading brand of VNS finance. The Broker makes its mark in the online trading space by providing clients with flat fee and percentage based pricing plans, free trading tools and high exposures. As per the current market report, the company is on the list of top 5 discount brokers by the number of active customers.

The range of product and services of the company includes equity and derivatives trading on NSE & BSE, currency derivatives and commodity trading on MCX and NCDEX. TradeSmart Online is a registered depository participant (DP) with Central Depository Services India Ltd (CDSL). Demat Account is mandatory with TradeSmart.

The company offers a flat Rs 15 plan for all segments. The percent plan is 0.007% which is the lowest brokerage plan.

SINE is a flagship mobile app and web-based trading platform from TradeSmart. The company also offers NEST as a desktop terminal.

TradeSmart's Video tutorials are a helpful way to learn about trading platforms. Knowledgebase articles by experts are well written and helpful in understanding many trading related topics. The broker also offers margin against shares (MAS) to get benefit from your long-term investment to fund your short-term trades.

On customer support, TradeSmart defines what a share broker-client relationship should be. Live chat support is provided on their website for immediate response. Other modes of support are a phone call, email, and online support.

TradeSmart Review 2021 - Quick Summary

TradeSmart, on the whole, provides clients a well-rounded offering worth being a client for, especially with its mix of brokerage plan choice (flat fee or percentage based), secure & fast trading tools and active customer support.


  • Percentage based plan and flat fee plan. Flexibility to change between the plans.
  • Zero Demat AMC charge for the first year.
  • Lowest transaction charges i.e Turnover/Clearing charges.
  • Higher leverage - upto 30x with Cover Orders.
  • Live chat with the customer support team for query resolution.
  • Paperless account opening process.
  • Brokerage and Margin calculator to calculate brokerage and margin upfront.
  • Fair trading margins available for trading in currency and commodity.
  • Support “Offer for Sale” (OFS).
  • NEST, one of the proven desktop trading platforms.


  • Lacking in-house research.
  • No online process to invest in IPO, FPO, Buyback.
  • Mutual Funds investment option is not available.
  • The process is not defined for NRI customers.
  • In-house trading platforms are missing.

Special Offer

Free Account Opening, Rs 400 Waived a limited time.. Get the offer.

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TradeSmart Investment Options Compare

Here we are comparing TradeSmart with its 5 close competitors on investment options.

Broker TradeSmart Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds No Yes Yes Yes Yes
MF SIP No Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance No Yes Yes No No

TradeSmart Brokerage Plan, Fees and Charges

Rated 4 stars Brokerage and Commission Rated 4/5

TradeSmart Account Opening Charges

  »»  Trading Account Opening Charges: Rs 200
  »»  Trading Account AMC: Free
  »»  Demat Account Opening Charges: Rs 200
  »»  Demat Account AMC: Rs 300 PA

TradeSmart Brokerage

TradeSmart originated from the roots of a full-service broker, so they are offering a mix of brokerage plan.  Clients who are comfortable in percentage brokerage can opt for % plan or can choose a flat Rs 15 plan.

Power Plan

Under this plan, you can trade at the flat brokerage of Rs 15 per order in equity delivery, Intraday, future, option, currency, and commodity. TradeSmart's Rs 15 flat-rate share trades is equal to ProStocks Rs 15 Plan, slightly expensive than SAS online's (Rs 9) and lower than Zerodha (Rs 20), Upstox (Rs 20) and SAMCO (Rs 20) plan.


  • Get intraday exposure of up to 30x on Equity, 7x on F&O, 3x on Currency and 6x on Commodities.
  • Cover order, Bracket order, AMO and Trailing Stop loss options available.
  • Best suited to big volume traders with less frequency.
  • No minimum commitment, no monthly fee, no software charges, and no hidden charges.


  • For investors, paying Rs 15 for delivery trade is higher, where Zerodha, Upstox, Fyers are offering free delivery trades.
  • For low volume trade, you need to pay flat charges.

Value Plan

Value plan is a percentage based brokerage plan with charges: Delivery - 0.07%, Intraday Cash- 0.007%, Future- 0.007%, Options- Rs 7 per lot, Currency Derivatives- 0.007% and Commodity- 0.007%. Compared to full-service brokers, value plan is the lowest brokerage plan in the industry. ICICIDirect, Sharekhan, Motilal Oswal, Edelweiss, IIFL are charging much higher brokerage in percentage based plan.


  • Lowest percentage based plan.
  • Good for low volume traders.
  • Get intraday exposure of up to 30x on Equities, 7x on F&O, 3x on Currency and 6x on Commodities.
  • No hidden charges and no minimum brokerage.


  • Calculation is bit complex.
  • The plan is not even for each segment.
  • Not fit for high volume traders.

Other Charges

  • Call and trade feature is available at an extra cost of Rs 20 per call+GST.
  • Digital contract notes are sent via Email. Physical copies of contract notes can be ordered at an additional charge of Rs 25 per contract + courier charges.
  • Instant payment gateway charges with more than 24 banks @ Rs 8 per fund transfer + GST.
  • Rs 20 per executed order + GST for MIS, CO, BO auto square off charge.
  • Demat transaction charges of Rs 15 plus GST.
  • RS 10 + GST charged for buyback, takeover, delisting orders placed through email or phone support.

For complete brokerage charges and trading plans detail please visit TradeSmart Brokerage Charges.

TradeSmart with closest competitors

Here we are comparing TradeSmart with its 5 close competitors, who are currently market leader in brokerage industry.

Broker TradeSmart Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Rs 15 0.1 to 0.5% Rs 20 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 3 in 1 2 in 1
Equity Delivery Flat Fee Rs 15 0.5% or 50 paisa Flat Fee Rs 20 Free 0.2% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 15 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 15 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 15 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 15 0.1% or 10 paisa Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 0.1% or 10 paisa Flat Fee Rs 20 0.03% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 15 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Rated 4 stars
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Please refer unique and accurate TradeSmart Brokerage Calculator

TradeSmart Margin Details

  • Equity Delivery Margin - Up to 1x Margin on Equity Delivery.
  • Equity Intraday Margin - Up to 10x leverage for NSE,BSE Cash.
  • Futures Margin - 3x leverage for equity futures intraday (MIS).
  • Options Margin - Up to 3x for Index Opions Selling, no leverage on options buying.
  • Equity Cover Order Margin - Up to 30x leverage for equity CO.
  • Futures Cover Order Margin - Up to 7x leverage on equity/Index futures CO.
  • Options Cover Order Margin - Up to 7x leverage on options selling and 1.33x for options buying via CO.
  • Commodity Margin - Up to 2x on commodity MIS, and Up to 6x for CO.

Open Trading and Demat Account with TradeSmart

For online trading with TradeSmart Online, investor has to open 2-in-1 account(Trading and Demat). Following are the ways to open an account with TradeSmart Online:

Contact TradeSmart

Alternatives to TradeSmart


TradeSmart Trading Platform and Tools

Rated 4 stars Trading Platforms Rated 4/5

SINE Mobile App and Web Trading

SINE, a clear and slim design mobile app for each trader category. Identify opportunities on a real-time basis. Bracket and cover orders to reduce risk in your trade.

SINE is also available in the web version. There is not much major difference in features of mobile app and web version.


  • Built as a web-based platform, SINE has speed, ease of use and even good for derivatives traders to succeed.
  • Available in both Android and iOS version.
  • Instant fund transfer through 28+ banks.
  • Option Calculator.
  • AMO feature to place the orders after market hours.
  • Detail corporate actions information.
  • BO and CO features.
  • Technical Indicators on your mobile.
  • Trading from chart option.


  • Limitation of watch-list scripts.
  • Not showing the prior history of buy and sell.
  • Not supporting multi charts.

NEST Desktop Terminal

Trade Smart is offering one of the most successful desktop terminals in Indian finance market “NEST Trader” to its user. This is a downloadable trading platform. With NEST you can trade in Equity Cash, Delivery, Derivatives, Currency Derivatives, and Commodities. Instant fund transfer facility is linked with 28+ banks.

For detail review of mobile app and download please visit TradeSmart Trading Platform Review.

TradeSmart Trading Platform Compare

Here we are comparing TradeSmart with its 5 close competitors on Trading Platform.

Broker TradeSmart Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
Android Tablet App Yes Yes Yes Yes Yes
Android Mobile App Yes Yes Yes Yes Yes
iPhone App (iOS Mobile App) Yes Yes Yes Yes No
iPad App Yes Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

Final thought about TradeSmart

Rated 4 stars Rated 4/5 by 34 users

The brand name TradeSmart, company name VNS Finance and Capital Services Limited and website name "" create little confusion for visitors. The missing in website name is also a negative user experience for first-time visitors.

Latest mobile app SINE has all the features which traders & investors need. With highly competitive brokerage plans, high exposure and support for every investment imaginable, TradeSmart will not disappoint you.

Request call back from TradeSmart

Last updated on: 2020-01-06

Reference Topics

TradeSmart FAQs


Compare TradeSmart

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TradeSmart User Reviews

12. pRASHANT 11/26/2018 3:55:51 PM Reply
increase autosquareoff time to 03:15


Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Above Average
Overall Experience - Below Average
11. Chandu kumar Ravipudi 2/14/2018 9:34:47 AM Reply
I lost my Money when placing a trade. if i had not called TSO customer care I would have lost my money permanently.


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
11.1. Manjit 10/28/2018 11:56:57 AM
Hi, Can you plz help other customer by telling us what happened?
11.2. Bankar Ganesh 10/28/2018 12:05:39 PM
That's the problem, People don't write a detailed reason, they just post the first comment and then work with customer care team to fix the issue and not give a final resolution.
10. Amar Kumar 9/23/2018 12:06:18 PM Reply
Best Discount Broker


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
9. Azim firfire 9/17/2018 10:47:44 PM Reply
I had done my pay out how long it will take to credit in my account
8. Rajeev Sharma 5/4/2018 7:50:40 PM Reply
Trade Smart Online is better than Zerodha


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
7. Madhushri 8/14/2016 2:43:45 AM Reply
Can I buy shares on NSE and sell them on BSE?
7.1. Vijay 8/15/2016 3:46:32 AM
Yes, Delivery holding you can buy in any exchange and sell in any exchange, where Intra day you need to square off on the same exchange.
6. Maithili 8/1/2016 9:58:05 PM Reply
Their demat transaction charges are Rs 15 per scrip plus service tax while Zerodha and others are charging only Rs 8 plus service tax.
5. Ashok Dhawade 6/20/2016 9:31:24 AM Reply
Are bhai log mera now software ka password batao/mail Karo.
4. Vijay 5/14/2016 12:39:33 AM Reply
Trade stamrt onlie is planning to launch new trading platform called - Spin , waiting for new platform.
3. Milaan 4/13/2016 9:13:53 PM Reply
How many bank accounts I can link to the trading account at a time with trade smart online?