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Tradingo Stock Trading, Demat, Brokerage and Reviews 2021


Tradingo Logo

Tradingo is an Indore-based discount broker offering stock, commodity, and currency trading services. Tradingo provides transparent, faster, and low-cost brokerage service to India Stock Market customers who would like to trade online with little assistance from a broker.

Tradingo was launched in 2016 and later became part of Swastika Investmart Ltd, a traditional stockbroker, and financial service provider since 1992.

Tradingo charges zero brokerage on Equity Delivery trades and flat Rs 20 for all other segments at BSE, NSE, and MCX. Apart from the basic Discount broking plan, Tradingo also offers a Premium plan that allows investors to access daily free research calls, a personal relationship manager, brokerage credit, and higher exposure limits at an additional cost.

In addition to the Broking services, Tradingo also offers Online IPO, Mutual Funds, US Stocks, IPO Funding, Margin Funding, and Margin against Shares.

Tradingo has its own trading platform called Tradingo (web and mobile trading app) that offers a seamless trading experience to its investors. Tradingo also has an installable software named Justrade Pro to trade through laptop or desktop.

Tradingo Special Offers

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. Click here to open an account with Tradingo


Tradingo Charges 2021

Tradingo follows a simple brokerage model with zero brokerage for Equity Delivery trades and a flat Rs 20 or 0.03% (whichever is lower) per executed order for Equity stocks and Equity Futures Intraday trading.

Tradingo offers two brokerage plans to its investors, a Discount Broking Plan and a Premium Plan.

Discount Broking Plan Brokerage

The Tradingo Discount Broking Plan is for do-it-yourself investors (or self-directed investors or self-managed investors) who can trade online with minimum assistance from the broker. This plan offers brokerage-free equity delivery and charges flat Rs 20 per trade brokerage for intraday and F&O.

Segment Brokerage Fee

Equity Delivery

Rs 0 (Free)

Equity Intraday

Rs 20 per trade or 0.03% (whichever is lower)

Equity Futures

Rs 20 per trade or 0.03% (whichever is lower)

Equity Options

Rs 20 per executed order

Currency Futures

Rs 20 per trade or 0.01% (whichever is lower)

Currency Options

Rs 20 per executed order

Commodity Futures

Rs 20 per trade or 0.01% (whichever is lower)

Commodity Options

Rs 100 per executed order


Premium Plan Brokerage

The Tradingo Premium plan is for customers who need in-person assistance through relationship managers, research and recommendations. The brokerage in this plan is charged at 0.3% of trade value in equity delivery, 0.03% in Intraday and Futures and Rs 50 per lot for options.

Segment Brokerage Fee

Subscription Fee

One time subscription fee based on the chosen VIP Plan

Equity Delivery

0.3% of trade value

Equity Intraday

0.03% of trade value

Equity Futures

0.03% of trade value

Equity Options

Rs 50 per lot

Currency Futures

0.3% of trade value

Currency Options

Rs 50 per lot

Commodity Futures

0.3% of trade value

Commodity Options

Rs 100 per lot

Other charges levied by Tradingo include:

  • Call and Trade charge: Rs. 20 per executed trade (under Discount brokerage plan)
  • Additional account statement: Rs 20 per request
  • SMS Charges for Real-time Trade Confirmation: Rs 0.25 per SMS (capped to maximum Rs 10 per day)

Visit Tradingo Brokerage Charges Review for more detail.

Special Offer: Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

Tradingo Online Account Opening

Tradingo offers online as well as offline modes of account opening to its customers.

  1. Online Account Opening

    To open an account online and instantly, visit the Tradingo website to initiate the account opening process. The online account opening requires your Aadhaar Number linked with your current phone number for OTP verification of e-Signing the account opening documents.

  2. Offline Account Opening (paper-based form)

    Tradingo also offers paper-based account opening for customers who cannot open an account online. This facility is available through Swastika Investmart branches and partner offices. Customers can also download the account opening PDF, print it, fill it and send the signed form to the Swastika office for account opening.


Tradingo Trading Software (Tradingo Trading Platforms)

Tradingo offers three trading platforms to its investors:

  1. Tradingo (Mobile app)

    The mobile trading platform of Tradingo allows you to trade anytime from anywhere. It is provided free of cost to its customers to trade and invest in Stocks, Futures, Options, Commodities, and Currencies. The app offers a rich trading experience to its investors through a host of features like a customized Market watchlist, live market data, personalized trading tips and recommendations, trading offers, etc.

  2. Tradingo (Web-based platform)

    Tradingo website platform is an online web-based trading platform that provides investors with an enriching online trading experience. This platform allows the clients to place orders online, track transactions, and invest in IPO's, Equity, F&O, Commodity, Currency, and US Stocks.

  3. Justrade Pro Software (Installable Trading Terminal)

    Justrade Pro is an ODIN-based Desktop trading application designed for high-frequency traders. Justrade is a feature-rich trading platform that offers customizable multiple market watchlists, faster execution, instant news, live reports, and much more.

 

Visit Tradingo Trading Software Review for more detail.

Tradingo Pros and Cons


Tradingo Pros (Advantages)

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

  • Zero Brokerage on Equity delivery trades under Discount brokerage plan.
  • Flat maximum Rs 20 per trade brokerage across all other segments.
  • Simple and Transparent pricing model.
  • Option to invest in US Stocks along with Equity, F&O, Commodity, Currency, IPO, and Mutual Funds.
  • Wide range of value-added services like Margin funding, Margin against shares, IPO funding, Research reports, Relationship managers, etc.
  • Branch support.
  • Personal relationship manager (RM) is available in Premium Plan.
  • Offer stock tips, research reports and recommendations in Premium Plan.
  • Backed by Swastika Investmart Ltd, a traditional broker with over two decades of experience in securities.

Tradingo Cons (Disadvantages)

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

  • Doesn't offer monthly unlimited trading plans.
  • Doesn't provide stock tips, research reports or recommendations in discount brokerage plan.
  • Call & Trade is available at an additional fee of Rs 20 per executed order (under the Discount broking plan).
  • Does not offer 3-in-1 account.
  • Discount brokerage is not available for NRI customers.
  • RM is not available in the discount brokerage plan.

Open Instant Account with Tradingo

Tradingo Margin Exposure

Tradingo margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Tradingo 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 Tradingo F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Tradingo Ratings

Overall Rating Rated 4.0 stars 4.0/5
Fees Rated 4.2 stars 4.2/5
Brokerage Rated 4.7 stars 4.7/5
Usability Rated 3.5 stars 3.5/5
Customer Service Rated 3.8 stars 3.8/5
Research Capabilities Rated 2.0 stars 2.0/5

Based on 6 Votes by Tradingo Customers

Do you trade with Tradingo? Rate Tradingo


Tradingo Complaint

The number of Tradingo customer complaint received by the exchanges. The Tradingo consumer complaint report helps understanding the Tradingo (Swastika Investmart Ltd) quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2018-19 26,916 25 0.09%
NSE 2017-18 25,560 21 0.08%
BSE 2017-18 9,381 1 0.01%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Tradingo Complaints at BSE, NSE and MCX for detail report.

Frequently Asked Questions

  1. 1. What is Tradingo?

    Tradingo is an online discount broking firm offering trading and investment services in Equity, F&O, Currency, Commodities, Mutual Funds, IPO, and US Stocks. It also provides research services, margin funding, IPO funding, and margin against shares.

    Tradingo is part of Swastika Investmart Limited - a firm with over two decades of experience in the broking industry.

    Tradingo offers a simple brokerage plan with zero brokerage for Equity Delivery trades and flat Rs 20 per trade for Intraday and F&O trading at BSE, NSE and MCX.

     

     

  2. 2. How Tradingo works?

    Tradingo is a low-cost discount broker providing online and offline trading and investment offerings in Stocks, Equity Derivatives, Currency Derivatives, Commodity, IPO, Mutual funds, US Stocks. Tradingo offers free account opening and free Equity Delivery trading. It charges Rs. 250 towards demat annual maintenance charges.

    To trade or invest with Tradingo, a customer has to open a trading & a demat account and choose one of the two brokerage plans offered.

    Tradingo offers two brokerage plans; Discount and Premium Plan. The discount brokerage plan is a flat fee per trade plan with a brokerage of a maximum of Rs 20 per trade in Intraday & F&O segments. The Premium plan gives the investor access to the free research calls, free Call and Trade facility, and a personal relationship manager. Visit Tradingo Brokerage Charges for more details. Tradingo also provides branch support to its customers.

     

     

  3. 3. How is Tradingo?

    Tradingo is a low-cost online stock broker offering free account opening and free Equity Delivery Trading. Trading charge max Rs 20 per trade for intraday and F&O trading at BSE, NSE, MCX and NCDEX.

    Key Strengths of Tradingo

    • Part of Swastika Investmart Limited, a full-service broker with over two decades of experience.
    • Tradingo also offers personalised tailor-made brokerage plans to suit trader's needs.
    • Tradingo discount brokerage plan is simple, competitively priced and suitable for long-term investors as well as frequent traders.
    • Tradingo is a SEBI registered broker and an Investment Advisor. They provide research services and a dedicated relationship manager in a premium brokerage plan.
    • Tradingo provides a robust online trading platform.
    • Offers IPO funding, margin funding and margin against shares.

    Overall, Tradingo is a safe, experienced and well-managed broker for all kinds of investors including beginners, seasonal investors and frequent traders.

     

     

  4. 4. How to invest in Tradingo?

    Tradingo is a SEBI registered stock broker offering an online stock market investment facility.

    Steps to invest in Tradingo

    1. Open a trading and demat account with Tradingo.
    2. Link your trading and demat account with your existing bank account.
    3. Receive the login credentials in a welcome email once the account is opened.
    4. Login to Tradingo Mobile Trading app or website.
    5. Transfer funds from your bank account to your trading account.
    6. Buy stocks or trade stocks, commodities or currencies.

    Note:

    • To invest in mutual funds, you need to contact the support desk to place orders as Tradingo currently does not have a platform for mutual fund investments.
    • Tradingo also offers global investments in the form of US Stocks. To invest in US Stocks, you need to open a separate US Brokerage account with Tradingo.

     

     

  5. 5. How to close Tradingo account?

    Tradingo account can be closed at any time by sending a signed account closure request form in paper format to the broker.

    Tradingo account cannot be closed online by submitting the account closure form via email. You have to submit the physically signed paper form.

    Steps to close Tradingo account

    1. Visit the Tradingo website.
    2. Download the Tradingo Equity and Demat Account Closure Form.
    3. Print, fill and sign the forms as per instructions.
    4. Send the paper form to the address provided or submit it to the nearest Tradingo branches.

    Note:

    • Sell or transfer your Demat holdings before initiating the closure request.
    • Close all open F&O positions if any.
    • Clear all dues in your account.
    • Keep a copy of the filled form for reference.
    • Follow-up for closure in case of communication received from the broker in 7-10 days.

     

     

  6. 6. Does Tradingo give tips?

    Yes, Tradingo gives free tips and research services to Premium members of Tradingo.

    To become a Premium member of Tradingo, open an account with Tradingo and opt for the Premium plan offered by the broker by paying subscription charges as per the chosen plan.

    The Tradingo stock tips and recommendations are not available to customers who opted for the discount brokerage plan.

     

     

  7. 7. Does Tradingo offer margin trading?

    Tradingo allows margin trading to take up to 5x times exposure in Equity Intraday trading as per the stock exchange's margin policies. Tradingo doesn't offer any additional margin.

    Tradingo offers a Margin funding facility to its investors wherein Tradingo funds the shortfall at an interest rate of 0.067% per day.

    Tradingo also provides a Margin against shares wherein investors can trade Intraday without cash and without paying any interest by availing the non-Cash limits based on the valuation of the stocks.

     

     


1 Comments

1. Abhishek Kumar  Nov 29, 2021 11:32:14 AM I Like It. | Report Abuse Reply
Good

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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