iTradeOnline Vs Tradeplus (Compare iTradeOnline and Tradeplus)

iTradeOnline Vs Tradeplus

Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in 1995, Tradeplus is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	iTradeOnline	Tradeplus
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation		1995
Number of Branches
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iTradeOnline Vs Tradeplus Charges & AMC

iTradeOnline trading account opening charges is Rs 0 (Free) while Tradeplus account opening changes is Rs 0. iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 and Tradeplus Demat Account AMC Charges is Rs 0.

	iTradeOnline	Tradeplus
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Regular: Rs 0, Lifetime Free AMC: Rs 1000	Rs 0
Demat Account AMC Charges	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0	Rs 0

iTradeOnline Vs Tradeplus Brokerage

iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower whereas Tradeplus brokerage charges for equity is Rs 0 (Free) and intraday is NA.

	iTradeOnline	Tradeplus
Account Type	Pay Per Trade	Flat Zero brokerage Scheme
Fixed Charges	Rs 0	As per segment
Equity Delivery	Rs 20 per executed order or .01% whichever is lower	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order or .01% whichever is lower	NA
Equity Futures	Rs 20 per executed order or .01% whichever is lower	Rs 799 per month (unlimited trading)
Equity Options	Rs 20 per executed order or .01% whichever is lower	Rs 99 per month (unlimited trading)
Currency Futures	Rs 20 per executed order or .01% whichever is lower	Rs 99 per month (unlimited trading)
Currency Options	Rs 20 per executed order or .01% whichever is lower	Rs 99 per month (unlimited trading)
Commodity Futures	Rs 20 per executed order or .01% whichever is lower	Rs 99 per month (unlimited trading)
Commodity Options		Rs 99 per month (unlimited trading)
Special Offer	Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback	Special Offer: Brokerage Free equity delivery trading (truly no commission) and Flat Rs 9 intranet and F&O trade brokerage. Get the offer

iTradeOnline Vs Tradeplus Brokerage Plan 2

	iTradeOnline	Tradeplus
Account Type	Pay Per Trade	Flexi Brokerage Plan
Fixed Charges	Rs 0	NA
Equity Delivery	Rs 20 per executed order or .01% whichever is lower	Rs 0 (Free)
Equity Intraday	Rs 20 per executed order or .01% whichever is lower	Lower of - Rs 9 per trade or 0.01%
Equity Futures	Rs 20 per executed order or .01% whichever is lower	Rs 9 per executed order
Equity Options	Rs 20 per executed order or .01% whichever is lower	Rs 9 per executed order
Currency Futures	Rs 20 per executed order or .01% whichever is lower	Rs 9 per executed order
Currency Options	Rs 20 per executed order or .01% whichever is lower	Rs 9 per executed order
Commodity Futures	Rs 20 per executed order or .01% whichever is lower	Rs 9 per executed order
Commodity Options		Rs 9 per executed order
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iTradeOnline Charges Vs Tradeplus

Minimum Brokerage	Rs 0 (No Minimum Brokerage)
Other Charges	Physical contact notes: Rs 20	SMS Charges: Rs 100 per segment.
Call & Trade Charges	Rs 0 (Free)	Flat Rs 75 per day

iTradeOnline Vs Tradeplus Transaction Charges

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

	iTradeOnline	Tradeplus
Equity Delivery	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)	Rs 345 per crore (0.00345%) (each side)
Equity Intraday	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)	Rs 345 per crore (0.00345%) (sale side)
Equity Futures	NSE Rs 190 per crore (0.0019%)	Rs 360 per crore (0.0036%)
Equity Options	NSE Rs 5000 per crore (0.05%)	Rs 7800 per crore (0.078%)(on premium)
Currency Futures	NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)	Rs 140 per crore (0.0014%)
Currency Options	NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500	Rs 6000 (on premium) per crore (0.06%)
Commodity	MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)	Rs 500 (0.005%)
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iTradeOnline Vs Tradeplus Leverage (Margin)

iTradeOnline 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.

	iTradeOnline	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 iTradeOnline and Tradeplus Features

The trading platforms offered iTradeOnline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. Tradeplus offers INFINI, NSE NOW trading software.

	iTradeOnline	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	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.	INFINI, NSE NOW
Intraday Square-off Time	Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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iTradeOnline Vs Tradeplus Review

iTradeOnline is rated 4.0 of 5 based on 7 customer reviews whereas Tradeplus is rated 3.0 of 5 based on 35 customer reviews.

	iTradeOnline	Tradeplus
	7 Customer Reviews	35 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews	Tradeplus is rated 3.0 of 5 based on 35 customer reviews

iTradeOnline Vs Tradeplus Investment Options

	iTradeOnline	Tradeplus
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance, Wealth Management

iTradeOnline Vs Tradeplus Order Type Offered

	iTradeOnline	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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iTradeOnline Vs Tradeplus Research Report

	iTradeOnline	Tradeplus
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

iTradeOnline Vs Tradeplus Suitable For Investor Type

	iTradeOnline	Tradeplus
Casual Investor
Active Investor
Trader

iTradeOnline Vs Tradeplus - Pros and Cons

	iTradeOnline	Tradeplus
Pros	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.	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	Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.	Customer has to pay software charges. High call & trade charges. Rs 1000 per month. Lower margin.
Reviews
Promo / Offers	Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.	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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