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Trade Smart Online Vs Sykes Ray Demat Account Comparison

The side-by-side comparison of Trade Smart Online and Sykes Ray Demat Account. Compare Trade Smart Online Vs Sykes Ray Demat account charges, AMC and Fees. Read Sykes Ray and Trade Smart Online demat account review.

Find out Trade Smart Online Vs Sykes Ray which is better demat account and Trade Smart Online Vs Sykes Ray which is best demat account.

Our Trade Smart Online demat account comparison with Sykes & Ray Equities (India) Limited highlights the major differences between two brokers. Find the best demat between Trade Smart Online and Sykes Ray.

Trade Smart Online Vs Sykes Ray

  Trade Smart Online Sykes & Ray Equities (India) Limited
Trade Smart Online Logo
About the Broker

Tradesmart Online (TSO), a venture of VNS finance is a online broker offering discount brokerage services to retail customers in India. Tradesmart online offers flat fee and unlimited trading plans for trading in Equity, Currency and Commodities at BSE, NSE and MCX.

With over 17000 customers and daily turnover of over Rs 2500 Cr (as of Dec 2016), TSO is among the top 5 discount stock brokers in India.

Sykes & Ray Equities (I) Ltd. is also a member of BSE & NSE and serving retail clients in Capital Market since last 25 years.

DP ID 12030400 12018600
Contact Info

7B, 2nd Floor, Old Oriental Building,
65, M. G. Road, Fort, Mumbai
Maharashtra, India - 400001

3Rd Flr, Plot 24/26, Cama Building, Dalal Street Bse, Fort Mumbai Maharashtra India-400001

Services Offered

Online Stock Trading, Depository Services

Financial Planning, Broking, Research, Online Internet Trading, DP Services

Demat Account Enquiry Open Demat Account Online Open Demat Account Online

Trade Smart Online Vs Sykes Ray Demat Account Opening Charges

  Trade Smart Online Sykes & Ray Equities (India) Limited
Demat Account Opening Fee

Rs 500

Actual cost of stamp paper and charges of K.R.A.

Demat Account AMC
  1. Individual Account: Rs 300 per year
  2. Corporate Account: Rs 800 per year

Rs 295 p.a. for individual. Plus actual CDSL charge for Corporate a/

C.

Advance Deposit

Nil

Nil

Trade Smart Online Vs Sykes Ray Demat Charges

  Trade Smart Online Sykes & Ray Equities (India) Limited
Dematerialisation Charges

Rs 500 per certificate per market lot of 100 shares or less and minimum Rs 500 per request./p>

Rs 50 plus Rs 50 upto 10 certificate and thenafter Rs 5 per certificate.

Rematerialisation Charges

Rs 500 per certificate per market lot of 100 shares or less and minimum Rs 500 per request./p>

0.02% of value, Minimum Rs 40 per certificate. Plus actual CDSL charge for remat confirmation.

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)

Rs 25 minimum or 0.02% which ever is higher. In case of BSDA Rs 50 or 0.02% whichever is higher.

(a) 0.04%of value of OnMkt or Early Payin transaction (Minimum Rs 24 ) executed under PoA to SREIL (broker)and (b) 0.05% of value of trx. or Min. Rs 48 for any other debit transaction executed on DIS.

Pledge Creation Charges

Rs 200 per scrip

0.02% Minimum Rs 50 per pledge trx.

Pledge Creation Confirmation Charges

Nil

Nil

Pledge Invocation Charges

Rs 200 minimum or 0.01% which ever is higher

0.02% Minimum Rs 50

Failed Instruction Charges

Nil

Nil

Other Charges
  • Late instruction: 0.1% scrip value
  • Physical contract note / other statements etc:Rs 20 per contract note + Courier Charges
  • Physical transaction statement: Rs 50 per BO statement plus courier charges
  • Cheque dishonour charges: Rs 200 per instance
  • Offmarket transfer (DP): Rs 25 plus service tax
  • Inter DP transfer: Rs 25 plus service tax
  • KRA Modification: Rs 35 plus service tax

Contact DP / Request A Call Back

  Trade Smart Online Sykes & Ray Equities (India) Limited
Contact broker for Demat Account related enquires:
  Trade Smart Online Sykes & Ray Equities (India) Limited
Find more info about broker
Enquire about Trade Smart Online Enquire about Sykes Ray
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Demat Account Related Abbreviations

  • Demat: Demat Account is an online account to hold the shares in electronic form. They are similar to bank account used to hold money.
  • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • DPC: Delayed Payment Charges
  • Dematerialisation: Process to converting physical certificates to electronic form.
  • Rematerialisation: Process of converting electronic shares to physical certificates.
  • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.



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