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iTradeOnline Stock Trading, Demat, Brokerage and Reviews 2023

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX.

Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available for additional exposures.

iTradeOnline is a venture of Trustline Securities Ltd, a Noida based company offering financial services since 1989. Trustline offers investment solutions to corporate, institutions and retail investors. The company has over 400 offices across India and caters to over 1 Lakh customers.

iTradeOnline USP (Unique Sales Proposition)

Following are unique selling points of iTradeOnline Brokerage Services:

Ultra-low Brokerage (Max Rs 20 per executed order)
Higher Limits in Equity Intraday (Up to 20x)
Free Call & Trade (Unlimited Calls)
Free Trading Platforms
Free Research Tips
Customer Support on Call, Email, and WhatsApp.

Zerodha (India's Best & No. 1 Broker)

Special Offer - Free Equity Delivery and Mutual Funds

Brokerage-free equity delivery trades.
Brokerage-free Direct Mutual Fund.
Pay ₹20 per trade for Intraday & F&O.
The best trading platform in India.

Open Instant Demat Account Read Reviews

Account Types

iTradeOnline offers one simple account type to the customer. This is a no-frills online trading account. It offers to trade at a flat rate brokerage of max Rs 20 per executed order. Trading is available in in segments including Equity, F&O, Currency Derivatives and Commodity Derivatives at BSE, NSE, and MCX exchanges.

All trading software's including mobile trading app, website and trading terminal are available for free of cost under this plan.

iTradeOnline Charges 2023

Account Opening Fees & Annual maintenance charges (AMC)

Trading Account Opening Charges (One Time): Rs 0 (Free)
Trading Annual maintenance charges (AMC): Rs 0 (Free)
Demat Account Opening Charges (One Time): Rs 0 (Free)
Demat Account Annual Maintenance Charges (AMC): Rs 300 per year. Lifetime free AMC is available with advance onetime payment of Rs 1000.

Trading Brokerages

Equity Intra-day Trades: Rs 20 per executed order or .01% whichever is lower
Equity Cash Delivery Based Trades: Rs 20 per executed order or .01% whichever is lower
Equity F&O Trades: Rs 20 per executed order or .01% whichever is lower
NSE Currency F&O Trades: Rs 20 per executed order or .01% whichever is lower
MCX Commodity F&O: Rs 20 per executed order or .01% whichever is lower

iTradeOnline Demat Charges

Demat Fees
Particulars	Plan A (Regular Demat)	Plan B (Lifetime Free AMC)
Account Opening	Nil
Annual Maintenance Charges (AMC)	Rs 300	Nil
One Time Fee (Lifetime AMC)	Nil	Rs 1000
Document + Stationary Charges	Rs 50	Rs 50
POA Stamp + Notary Charges	Nil
Incoming of Shares	Nil
Outgoing of Shares (Off Mkt / Inter-DP) – Per Instruction & Per Scrip	0.03% of the value of the security (Min Rs 20)	0.03% of the value of the security (Min Rs 18)
Pledge Creation/Closure/Invocation – Per Instruction & Per Scrip	0.05% of the value of the security (Min Rs 100 per Scrip)
Demat Processing Charges	Rs 50 per script (Up to 25 certificates) + Rs 5 per additional certificate
Remit Processing Charges	Rs 100 per security (per 100 qty.)
Delivery Instruction Booklet	Rs 25 per booklet (10 leaves)

Visit iTradeOnline Brokerage Charges Review for more detail.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

iTradeOnline Online Account Opening

iTradeOnline offers 2-in-1 account (Demat + Trading account). This allows the customer to trade at BSE, NSE, and MCX.

You could open an account with iTradeOnline in 2 ways:

Online Account Opening (Instant Paperless)
iTradeOnline offers paperless instant online account opening process. This process is integrated with eKYC and Aadhar systems. Customer who is KYC compliant and has their Aadhar number linked to correct phone number can open an instant account with iTradeOnline. eKYC removes in-person verification of the customer. Aadhar verification provides eSignature so that customer doesn't have to sign paper forms.
Request account opening form
You could request the account opening forms from customer service.

iTradeOnline Trading Software (iTradeOnline Trading Platforms)

iTradeOnline offers in-house built trading applications. This includes a Mobile Trading App, Browser-based Trading Website and an Install-able Trading Terminal (dealer terminal). All these trading apps are available free of cost to the customers.

These trading applications are built on top of Omnesys NEST Trading Platform. It uses Omnesys API's, RMS and OMS in the backend. Omnesys is the leading 3rd party trading platform used by most stock brokers in India. The trading applications provided by Omnesys are stable, advanced and loaded with a wide range of tools.

iTrade (Mobile Trading App)
iTrade is an advanced mobile trading app available for Android and iOS phones. The on-the-go trading app is designed for customers who would like to trade anytime, anywhere and with a little assistance from the broker. The app is loaded with popular features like live streaming of quotes, multiple segments, and exchange support, detail reports and advance orders.

This simple and intuitive app is available in Android Play Store and iTunes app store for download.
T5 (Browser-based Trading Website)
T5 is a trading website offering online trading through a web browser. This lightweight website works well on different operating systems and browsers across various devices.
Trust Power (Installable Trading Terminal)
Trust Power is an installable trading terminal on windows computers. This app is designed for high-frequency active traders. It offers excellent real-time data, speedy execution of orders and powerful analysis tools. A range of keyboard shortcuts, advanced charts, and customizable market watch are available for active traders.

Visit iTradeOnline Trading Software Review for more detail.

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

iTradeOnline Pros and Cons

iTradeOnline Pros (Advantages)

The following are the advantages of iTradeOnline. You must read iTradeOnline advantages and disadvantages before opening an account with iTradeOnline. iTradeOnline pros and cons help you find if it suits your investment needs.

Higher intraday leverage in comparison to other discount stock brokers. Up to 20x leverage is available in equity intraday.
Low-cost brokerage services. Pay maximum Rs 20 brokerage per trade. No turnover commitment. No upfront / prepaid brokerage charges. No minimum balance required.
Backed by Trustline Security, a financial services provider since 1989. Trustline has over 400 branches across cities.
Uses Omnesys Trading Platform in the back-end (API, RMS, OMS). Omnesys is the best and the most stable trading tools provider in India.
The free trading platform including Web, Mobile Trading App and Trading Terminal.
Lifetime FREE AMC Demat Account is available with a one-time fee of Rs 1000.
Advance order types i.e. Cover Orders are available.
The customer gets an instant trading limit when transferred money through the payment gateway.
The 2-in-1 account is available (Trading + Demat Account).
Trading available at BSE, NSE, and MCX.
Paperless Instant Account Opening is available with eKYC and Aadhar integration.
Research based on Technical and Fundamental Analysis is available for free to all iTradeOnline customer.
Shortselling is available in NSE Cash segment.
No extra charges for intraday or expiry positions closed by the broker.
No minimum brokerage. No minimum commitment. No Prepaid Plans.
Call & Trade (Broker Assisted Trades) are free. Most other discount brokers like Zerodha charge Rs 20 extra for call & trade.

iTradeOnline Cons (Disadvantages)

The following are the cons of iTradeOnline. Check the list of iTradeOnline drawbacks.

Bracket Order is not available.
A separate account has to be opened for Mutual Funds investment. The customer has to maintain separate credentials for MF account.
Higher demat changes in comparison to other discount brokers.
The iTradeOnline customer doesn't get support at Trustline Securities 400+ branches. Only online/phone support is available.
Online IPO, NCD, and Corporate bonds are not available.
Trading API's are not available to retail customers.

iTradeOnline Margin Exposure

iTradeOnline margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. iTradeOnline F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for iTradeOnline F&O carry forward positions and equity delivery trades.

Segment	Margin	Leverage
Equity Delivery	100% of trade value	1x
Equity Intraday	Up to 20% of trade value	5x
F&O (Equity, Currency and Commodities)	100% of NRML margin (Span + Exposure)	1x

iTradeOnline Ratings

Overall Rating	4.0/5
Fees	3.9/5
Brokerage	4.1/5
Usability	3.9/5
Customer Service	3.7/5
Research Capabilities	1.0/5

Based on 7 Votes by iTradeOnline Customers

Do you trade with iTradeOnline? Rate iTradeOnline

iTradeOnline Reviews

Zerodha (Trade with the best stock broker)

3 Comments

3. DEVKI NANDAN GUPTA

| Link|Jan 25, 2020 10:22:38 PMReply

I trade account operner s are provide wrong information and they told for account opening brokerage is. 0.01% or RS 20 which is lower, on equity and f&o and options, and I ask them, clearly by calculating them and again and again calculated and told me brokerage are coming one ruppee, two ruppee on options but when I opened account with itrade now they charged flat Rs 20 on options, and also now they denied that they comments this, so guys be careful, they are cheeting and also they don't refund my money which I paid to them RS 590 for AMC, and I trade only one day with him,
So itrade information are lier,

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average

3.1. abhigyan roy

| Link|Feb 15, 2020 8:28:57 PM

option rs 20 per order, good decision, nothing, un usal., whats wrong wth these.

2. SHANKAR

| Link|Jul 28, 2019 9:02:08 PMReply

Very good broker system,Equity cash Leverage is up to 40 times for Bracket order . I can trade almost all future contract in 10 thousand rupees.( per future <10K). New mobile app Fluid is very fast with scanner. They also provide delivery trade leverage up to 5 times till 7 day credit .over all good broker for trading.

1. Pramir

| Link|May 15, 2019 5:52:44 PMReply

Its very smooth and transparet. You can go for it

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