TradePlus Review 2019

Rated 3.5/5 by Top Share Brokers Team
Tradeplus online Review

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Tradeplus is the online discount brokerage firm of Navia Markets Ltd. Navia has a presence in stock brokerage industry from a long time and has been serving as a financial service provider, equity, derivative, currency and commodity broker for residents and NRIs customers. The online discount broking service was started in the year 2015 by the brand name TradePlus.

 TradePlus provide online trading in equity delivery, intraday, futures and options, currency and commodities on NSE, BSE, and MCX, as well as provides investment option in Direct Mutual Fund, IPOs, bond, and corporate deposits. Tradeplus has its own DP services having a membership with NSDL and CDSL.

 TradePlus is especially known for its zero brokerage unlimited or infinite trading plans. Broker also offers Flat Fee plan.  Tradeplus customer support is impressive as they have an online support through FAQs and query resolution, phone, email and live online chat.

TradePlus offers end to end NRI services through their online trading platform. NRIs can invest in stocks, equity derivatives, mutual funds, IPOs and bonds in India through TradePlus.   Unlimited F&O trading to NRIs is available at a flat monthly fee of Rs 1499. Dedicated relationship managers are available to assist in any way with NRI trading. NRIs can invest in Direct Mutual Funds through their online investment platform INFINI MF. This platform allows investing in MF through SIP and lump sum.

INFINI POWER is in-house exe based desktop trading application of Tradeplus also comes in INFINI  Web (web-based) and TRADE PLUS Mobile (mobile app-based) trading platforms. It can be enabled with the monthly subscription of Rs 299. You can also choose NOW for trading in Equity, F&O.  Tradeplus offers a referral program where you earn the subscription fee paid by your friend. Tradeplus also offers margin trade funding (MTF) for Equity Delivery Trades.

The broker also offers Smart Trade Desk services which are personalized research support by Relationship Managers to the investors and traders. To avail this service, a minimum investment of 3 lacs for F&O Trading & 10 Lacs for Equity is required and should not be subscribed for low brokerage trading plan. low brokerage plans

Review Summary

TradePlus with unique offerings like an investment in direct mutual funds, NRI services along with investment in equity, commodity and currency at a flat monthly brokerage, free equity investment and 3T guiding Principles - Transparency, Technology, and Trust is a brand that an investor and trader can bank upon.


Benefits

  • Tradeplusonline has lowest refundable unlimited trading plans @ Rs 99 per month by category - Equity Option,Currency & Commodity.
  • Margin against shares is available and Intraday margin upto 33 times through cover order.
  • NRI Trading services
  • eKYC facility, submit your form via online KYC
  • Investment option for IPO,Mutual Fund & Bonds
  • Lowest Transaction charges in MCX Commodity segment - 400 Rs per crore
  • Tradeplus Value Added Services - Software,Tips and knowledge partner packs
  • Tradeplus PAYTM integration and Cashback
  • Tradeplus AMS - Customized technical alerts
  • Tradeplus AHA! - DATA ANALYTICS PLATFORM for Intraday traders

Considerations

  • Call n Trade charges are very high.
  • SMS charges with monthly p
  • INFINI – Trading platform is not free.

Special Offer

Account opening of Rs 199 Waived off i.e. zero trading account opening fee for limited time.If KYC is completed and submitted within 2 days of contacting us. Sign up now.

Request call back from TradePlusOnline

TradePlusOnline Investment Options Compare

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

Broker TradePlusOnline 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 Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

TradePlusOnline Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3.5/5

TradePlusOnline Account Opening Charges

      »»  Trading Account Opening Charges: Rs 200
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 200 (First Year Free)

TradePlusOnline Brokerage

TradePlus offers monthly plans and pay per trade plans for Resident Indians to trade across various segments and also offer NRI trading plans.

Flat Fee or Pay per Trade Plan

  • Free Equity Delivery.
  • Equity Intraday trading at 0.01% or Rs 9 per order whichever is lower.
  • Rs 9 per executed order for Equity, Currency and Commodity Derivatives.

The flat fee plan is very cheap as compared to full-service brokers and lower than Discount Brokers like Zerodha (Rs 20), Upstox (Rs 20), Prostocks (Rs 15) and 5paisa (Rs 10) and matching with SASOnline (Rs 9).

Monthly Trading Plan

The most creative plan of TradePlus is their monthly plans. These plans are good for the pro traders who do trades in a specific segment.

  • Flat fee of Rs 799 per month for trading in Equity Futures
  • Flat fee of Rs 99 per month for trading individually in Options, Currency Derivatives and Commodities which is the lowest in the industry.

TradePlus Unlimited plans are segment specific. Discount brokers named Prostocks and SASOnline are also providing unlimited plan but TradePlus plans is the cheapest.

TradePlus NRI Trading Plan

TradePlus is known for its NRI trading. They offer unlimited NRI trading plan for F&O [email protected] Rs 1499 PM. This plan is applicable with NRO trading account. Brokerage for trading in Equity Cash (Delivery and Intraday) with NRE Account is 0.40% (40 paisa) and with NRO Account is 0.30% (30 paisa).

  • TradePlus NRI Account opening charges: Rs 2500 + GST
  • NRI Demat AMC:  Rs 250 per year or Rs 2500 for 10 years

Benefits

  • Unlimited plan - No limitation of order size and no hidden charges.
  • Flat Fee plan are also attractive as you are paying Max Rs 9 per executed order.
  • Margin Funding available @ 24 PA I
  • Plans are good if you are Options, Currency and Commodity Trader.

Considerations

  • Monthly plan is not available for Equity Intraday.
  • Rs 799 PM is bit costly for Futures only trade.

Other Charges

  • Call & Trade is Rs 75 per day or Rs 1000 per month. RMS order also comes under Call & Trade.
  • Payment Gateway Charges @ 9 Rs + GST.
  • SMS Charges @ 100 PM + GTS. SMS charges are applicable for unlimited plan, not applicable for flat fee and equity cash segment.
  • DP charges for delivery based equity selling at Rs 30 minimum or 0.04% of transaction value.

TradePlus Account Types

  • All in 1 Investment Account

    Tradeplus all-in-1 Investment Account is the combination of trading + demat account to invest in stocks directly as well as invest in mutual funds. TradePlus Demat Account is required to hold stocks, bonds, IPO shares and Mutual Fund schemes. However only TradePlus Trading Account will also work if you only wish to trade in equity derivatives, currency and commodity.

  • TradePlus NRI Account

    TradePlus offers specially planned TradePlus NRI 4-in-1 Account for NRI customers:

    • PAN Account: TradePlus helps you in getting your PAN Account.
    • NRI Saving Bank Account (NRE or NRO): TradePlus has tied up with Yes Bank, HDFC Bank and Axis Bank to open saving bank NRI Account. You can open either NRE Bank Account or NRO Bank Account. If you open NRE Bank account, your Trading and Demat account will be in NRE Status. If you open NRO Bank, your Trading and Demat Account will be in NRO status. PIS Account is also required for NRE Account. PIS Bank Account gets opened with the bank where you decide to open your Saving Bank  NRE Account. You don’t need to open PIS for NRO Account.
    • NRI Trading Account: This is account you need for all your trading.
    • NRI Demat Account: Demat Account is required to hold all your securities electronically. TradePlus is DP with CDSL and NSDL and you can open demat account. Broker offers 5 year and 10 year amc charges.

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

TradePlusOnline with closest competitors

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

Broker TradePlusOnline Sharekhan 5paisa Zerodha SAMCO
Service Type Discount Broker Full Service Broker Discount Broker Discount Broker Discount Broker
Brokerage Range Max Rs 9 0.1 to 0.5% Rs 10 Rs 20 Rs 20
Account Type 2 in 1 2 in 1 2 in 1 2 in 1 2 in 1
Equity Delivery Free 0.5% or 50 paisa Flat Fee Rs 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.01% or Rs 9 whichever is lower 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 9 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 9 2.5% of Premium or Rs 250 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity Flat Fee Rs 9 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Flat Fee Rs 9 0.1% or 10 paisa Flat Fee Rs 10 0.01% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 9 2.5% of Premium or Rs 30 per lot whichever is high Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate TradePlusOnline Brokerage Calculator


Open Trading and Demat Account with Tradeplus online

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

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TradePlusOnline Trading Platform and Tools

Trading Platforms Rated 3.5/5

      Tradeplus offers two trading platform – NSE NOW and INFINI Trading Solutions to its customers.

      INFINI Trading Solutions (ITS)

      ITS is a home-grown subscription based trading platforms by TradePlus. It is available in all three versions as  INFINI Power, INFINI Web and Tradeplus Mobile. It has a subscription fee of Rs 249 for a month, Rs 333 for six months and Rs 499 for 12 months.  All three versions of ITS comes as a package. 

      INFINI-POWER (terminal based)

      INFINI Power is a paid version of trading platform by TradePlus. INFINI POWER is an exe-based trading and analytics software and needs admin access to download and run the software. It has technical and fundamental analysis, charting tool that provides advanced/custom market watch, trend and level scanners, user-friendly charting platform, active contracts and rollover, real time market news, market sentiment indicators, Intraday screening tools, FII activity, market dynamics, heat map etc. for the clients of Tradeplus.

      There is a separate portal called Subscription Management Portal SMP where you can add/delete trading segments and enable/disable value added content provided by Tradeplus.

      INFINI Web (web-based)

      INFINI Web is a web based HTML 5 trading platform from TradePlus that offers the features of exe trading software in web browser.

      TradePlus Mobile (mobile app)

      TradePlus Mobile App is the trading app to offer integrated trading across all segments and exchanges on the go. The app offers advanced order types like stop loss, cover order, GTD and After Market Orders.  It is free for commodity traders. TradePlus mobile app is available in both Android and iOS version. INFINI mobile app has very good user review.

      INFINI MF (Mutual Fund Investment)

      TradePlus has separate mobile app and web version for Mutual Fund investment. The company offer direct mutual fund investment with its mutual fund platform. The INFINI MF is a free platform.

      NSE NOW

      NSE NOW is the secured and highly reliable platform for trading in Equity, F&O and Currency segments on NSE and BSE. NOW is available in all 3 versions- exe, web and mobile version. NSE NOW is available for free to the clients.

      Benefits

      • NSE Now is available for free.

      Considerations

      • INFINI is a paid platform, with current competition in market where Zerodha Kite, Upstox Pro which are one of the best trading platform offered free, charging for trading platform is one of the biggest negative point from TradePlus advance user community.
      • To avail MFT facility, you need to buy INFINI platform which is extra cost.

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

TradePlusOnline Trading Platform Compare

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

Broker TradePlusOnline 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 TradePlusOnline

Tradeplus is a broker known for active traders and investors who not only have an interest in stocks, but also in MF, IPOs, commodity and currency. The broker also offers brokerage plans for both types of users.  NRI services is a plus point from TradePlus. However, TradePlus needs to work on trading platforms as competitors are offering it for free.

If you like what you have read and want to open an trading and demat account with TradePlusOnline, leave your contact information with us and we will guide you.


FAQs

  1. What is MTF Facility with Tradeplus?

    Trade plus offer Margin Trading Facility. To avail this service, you need a separate request. Once you have MTF facility, you can use INFINI trading platform to place your order. There is separate order type as MTF. Under MTF you need to pay interest on borrowed money @24% PA. MTF facility is available for delivery only trade where you can carry f/w your trade for T+2+5 days.

    Discuss this question

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Tradeplus online User Reviews

avatar
55. Lakshmi Sep 12, 2019 11:53:01 AM IST Reply
The customer service is the worst and closely followed by undue delays in order placement. The best part of the company is its 117 rupee per month unlimited options trading. But that is all to it. They have too many hidden charges and you need to raise a complaint with NSE for resolution even if the amount is apparently and obviously debited incorrectly. You can write to them and know more about this by sending them an email to their support team. I suggest everyone to stay away from this except if you are looking for investment. But beware their PoA is something I have never seen with zerodha, tradesmartonline, icicidirect, upstox.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
54. Arun Oct 14, 2018 12:45:22 PM IST Reply
Very poor service nd not suitable for comment to others.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
54.1. Rajesh Sep 12, 2019 11:34:40 AM IST
Except the brokerage, everything else is a waste. Indeed the delay in order placement can result in huge losses or wipe out your profits if you are lucky to guard your capital.
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53. Lakshmi Sep 12, 2019 11:31:54 AM IST Reply
This is one of the worst companies you can ever come across. The pricing system onwards till their customer support, everything with them is a mess. THE ONLY GREAT THING ABOUT THEM IS THE 99 RUPEES UNLIMITED TRADING IN OPTIONS. If you trade in options it is a great feature not offered by others. But then you have to compromise on many factors from delay in the alert prompting us to place order to the time it takes to place the order. This lag can vary from a minimum of 10 seconds to 30-40 seconds. If you trade in options, you know how important are those few seconds. But the nightmare is that they have a very different poa and they use to take control of our holdings without us pledging them. They offer margin based on the holdings (after haircut) and show it as net cash giving us the impression that we have that much amount of cash! However they will charge interest at a rate they can determine on their own! Don''t take my words for truth. Please send them an email on any issue and you will understand it is as good as throwing something into a blackhole.
avatar
52. RAVI Jul 31, 2018 12:51:29 PM IST Reply
overall good

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Above Average
Overall Experience - Above Average
avatar
51. geo v m Jul 18, 2018 10:42:34 PM IST Reply
Excellent customer support and response
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50. Vipin Jul 9, 2018 2:24:10 PM IST Reply
Fully Fraud Comapany..
Huge Charges Debited Every Month
SMS Charge 117 + GST
Trade Charge Rs. 75 to 1000 per month
brokerge Rs. 99 or what u opt plan
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49. purushotham Jul 5, 2018 3:59:48 PM IST Reply
I am very satisfied with the service provided by the tradeplus

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
48. karan Jul 2, 2018 5:28:05 PM IST Reply
Services and brokerage charges are good

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Excellent
avatar
47. jagadesh Jun 29, 2018 5:13:22 PM IST Reply
Service is really good and TRADEPLUS is working hard to provide customer-centric and providing best tools for trading

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
46. rahul kumar Jun 28, 2018 4:21:57 PM IST Reply
Lowest brokerage with excellent service all the best to the team

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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