Indira Securities Vs Tradeplus (Compare Indira Securities and Tradeplus)

Indira Securities Vs Tradeplus

Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India. Incorporated in 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	Indira Securities	Tradeplus
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX and NCDEX	BSE, NSE, MCX
Year of Incorporation	1987	1995
Number of Branches	335
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Indira Securities Vs Tradeplus Charges & AMC

Indira Securities trading account opening charges is Rs 0 (Free) while Tradeplus account opening changes is Rs 0. Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year) and Tradeplus Demat Account AMC Charges is Rs 0.

	Indira Securities	Tradeplus
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 450 (Free for 1st year)	Rs 0

Indira Securities Vs Tradeplus Brokerage

Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01% whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

	Indira Securities	Tradeplus
Account Type	Traditional Plan	Flat Zero brokerage Scheme
Fixed Charges	NA	As per segment
Equity Delivery	0.10%	Rs 0 (Free)
Equity Intraday	0.01%	NA
Equity Futures	0.01%	Rs 799 per month (unlimited trading)
Equity Options	Rs 25 per lot (both side)	Rs 99 per month (unlimited trading)
Currency Futures	0.01%	Rs 99 per month (unlimited trading)
Currency Options	Rs 25 per lot (both side)	Rs 99 per month (unlimited trading)
Commodity Futures	0.01%	Rs 99 per month (unlimited trading)
Commodity Options	Rs 25 per lot (both side)	Rs 99 per month (unlimited trading)
Special Offer	Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.	Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

Indira Securities Vs Tradeplus Brokerage Plan 2

	Indira Securities	Tradeplus
Account Type	Discount Brokerage Plan	Flexi Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 20 per executed order	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order	Lower of - Rs 9 per trade or 0.01%
Equity Futures	Rs 20 per executed order	Rs 9 per executed order
Equity Options	Rs 20 per executed order	Rs 9 per executed order
Currency Futures	Rs 20 per executed order	Rs 9 per executed order
Currency Options	Rs 20 per executed order	Rs 9 per executed order
Commodity Futures	Rs 20 per executed order	Rs 9 per executed order
Commodity Options	Rs 20 per executed order	Rs 9 per executed order
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Indira Securities Charges Vs Tradeplus

Minimum Brokerage	Rs 20 per executed order
Other Charges		SMS Charges: Rs 100 per segment.
Call & Trade Charges	Rs 0 (Free)	Flat Rs 75 per day

Indira Securities Vs Tradeplus Transaction Charges

Indira Securities transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium) while Tradeplus exchange transaction charges for options is Rs 7800 per crore (0.078%)(on premium).

	Indira Securities	Tradeplus
Equity Delivery	NSE Rs 325 per Cr (0.00325%)	Rs 345 per crore (0.00345%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%)	Rs 345 per crore (0.00345%) (sale side)
Equity Futures	NSE Rs 190 per Cr (0.0019%)	Rs 360 per crore (0.0036%)
Equity Options	NSE Rs 5000 per Cr (0.05%) (on premium)	Rs 7800 per crore (0.078%)(on premium)
Currency Futures	NSE Rs 120 per Cr (0.0012%)	Rs 140 per crore (0.0014%)
Currency Options	NSE Rs 500 per Cr (0.005%) (on premium)	Rs 6000 (on premium) per crore (0.06%)
Commodity	Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)	Rs 500 (0.005%)
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Indira Securities Vs Tradeplus Leverage (Margin)

Indira Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Tradeplus margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Indira Securities	Tradeplus
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Indira Securities and Tradeplus Features

The trading platforms offered Indira Securities include ODIN. Tradeplus offers INFINI, NSE NOW trading software.

	Indira Securities	Tradeplus
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ODIN	INFINI, NSE NOW
Intraday Square-off Time	3:15 PM
Other Features
Referral Program
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Indira Securities Vs Tradeplus Review

Indira Securities is rated 4.0 of 5 based on 3 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

	Indira Securities	Tradeplus
	3 Customer Reviews	35 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Indira Securities is rated 4.0 of 5 based on 3 customer reviews	Tradeplus is rated 3.0 of 5 based on 35 customer reviews

Indira Securities Vs Tradeplus Investment Options

	Indira Securities	Tradeplus
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

Indira Securities Vs Tradeplus Order Type Offered

	Indira Securities	Tradeplus
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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Indira Securities Vs Tradeplus Research Report

	Indira Securities	Tradeplus
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Indira Securities Vs Tradeplus Suitable For Investor Type

	Indira Securities	Tradeplus
Casual Investor
Active Investor
Trader

Indira Securities Vs Tradeplus - Pros and Cons

	Indira Securities	Tradeplus
Pros	Full-service broker offering discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.	Unlimited monthly trading plans available for frequent traders. Free equity delivery trading. No brokerage charged for trading in equity delivery (cash & carry) segment. Low demat AMC or Rs 90 per month. Analysis tools available for intraday trading.
Cons	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. Lower margin.
Reviews
Promo / Offers	Free Equity Delivery Trading Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.	Free Equity Delivery Trade + Flat Rs 9 intranet and F&O trade Get free equity delivery trading (zero brokerage) and pay flat Rs 9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.
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