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TradeSmart Account Opening Enquiry
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
TradeSmart account opening charges are Rs 200 for a trading account and Rs 200 for Demat account. TradeSmart charge Rs 300 AMC for Demat account.
Transaction | Charges |
---|---|
Trading Account Opening Charges | Rs 200 |
Account AMC Charges | Rs 0 |
Demat Account Opening Charges | Rs 200 |
Demat AMC (Yealy) | Rs 300 |
TradeSmart is a venture of VNS Finance Capital Services Ltd. VNS Finance has been in the business since 1994 and is based in Mumbai. TradeSmart is a discount brokerage company offering online trading services. The company offers trading services in multiple segments including equities, commodities, currency, derivatives, and depository across multiple exchanges like NSE, BSE, and MCX.
TradeSmart has a 26,000+ active customer base and generates over Rs 10,000+ crores in daily turnover across exchanges as of Mar 2020. It is a technology driven company that offers good trading platforms and tools to its customers.
To utilize the services of TradeSmart and gain access to its trading platforms, you need to open a trading account and a Demat account with the company. Though the company allows you to separately open a trading account and link it with your existing Demat account, you won't be able to sell the shares using the TradeSmart account. This is because the company currently doesn't offer services for delivery selling from stocks held with another DP. You need to transfer the securities to be able to sell it using TSO's trading account.
The TradeSmart Account Opening process is simple and can be done online.
Brokerage Plans
TradeSmart offers its customers the flexibility to choose from 2 different brokerage plans; Value Plan and Power Plan, to suit their trading needs.
VALUE Brokerage Plan | POWER Brokerage Plan | |
Target Customers | Lesser Volume Traders | Big Volume Traders |
Plan for | Ideal for traders with lesser volume | Ideal for traders with less frequency but bigger trade size |
Brokerage | 0.007% | Flat Rs 15 per executed order, regardless of the size of the trade |
Delivery Exposure | Up to 4x exposure for Equity delivery | Up to 4x exposure for Equity delivery |
Intraday Exposure | Up to 30x on Equities, 7x on F&O, 3x on Currency and 6x on Commodities | Up to 30x on Equities, 7x on F&O, 3x on Currency and 6x on Commodities |
Margin against shares | Yes | Yes |
You can open an account with TradeSmart in 3 ways-
It is the fastest way to open an account with TradeSmart.
Note: Aadhar card with your current mobile number registered with it is mandatory for the process. You would also need a soft copy of a canceled cheque and bank statement for the last 6 months.
Here are the steps to open an online trading account:
That's it. Your account opening form is now validated by the TSO team and your account is opened in just a couple of hours.
If you could not get your account opened online, you can download the account opening form from the website, take a print out of it and fill all the required details.
Send the duly filled form along with self-attested copies of the documents and a cheque of initial balance through courier.
You can request for an account opening form from the company by courier. Fill the form and send it along with self-attested copies of the documents and a cheque of initial balance through courier to address provided in the form.
Following documents are required for account opening with TradeSmart-
The online process is fast and the account is opened in a day. In case you don't hear from them in 24 hrs, you could check the status of your account opening process by login into the same website you filled the account opening form.
For offline account opening, if all your documents are proper as per the KYC norms, the company claims that the account is opened within 3 days of receipt of application. For account opening via offline modes, you can know the account opening status by contacting the customer support team. You can request a call back from the company by filling an online form at the company website. Alternatively, you can call their customer care and talk to their customer care or send an email to them.
The PDF account opening forms are available on the company's website to download. You can download and take a print-out of it. You can also request for a form via courier and the company will send you the form. However, you need to pay Rs 100 for getting a form via courier.
If for some reasons, you wish to close your TradeSmart trading and demat account then you can do it anytime. Closing an unused trading account is also advisable as you have to pay charges on its maintenance.
Steps to Close TradeSmart Trading & Demat Account
To close an existing account with TradeSmart, you need to fill the account closure form available on the website and send it to TradeSmartOnline office. The steps to close the account are as below:
Please remember:
This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.
The online account is opened within 24 hours. Account opening via offline mode takes 3 days from the receipt of the completed application.
SEBI guidelines mandates for all online brokerage companies to carry out In-person Verification of their customers. This is done to verify your identity and check the authenticity of the documents submitted during account opening.
The in-person verification is done by webcam using Skype and Google Hangout and a support team executive will assist you.
Yes, you can modify your details after an account is opened. Certain information like change in mobile number and email id etc. can be done online in the 'My Profile' section.
For other major changes like change in address, bank details etc, you need to-
No, SEBI regulations don't allow opening of Joint Trading Account.
No, you don't need to maintain balance in your trading account.
All resident Indians and Non-Resident Indians (NRIs) are eligible to open a trading and demat account.
You will receive a welcome email and SMS, once your account is activated. The welcome email will contain the login credentials with instructions to access your account online.
For any reason, if your account is kept idle for long, it's recommended to close it to avoid maintenance charges. The account holder has to take care of below things before requesting the closure of an account.
The account cannot close through phone or chat so one has to download the form and print it. To download the form:
After submitting the form it takes 5 to 7 days to close the account.
TradeSmart Account Opening Enquiry
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
Information on this page was last updated on Wednesday, March 22, 2023
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