Compare stock brokers
Lakshmishree Investment vs. Tradeplus
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Lakshmishree Investment and Tradeplus. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Lakshmishree Investment and Tradeplus.
Overview
Lakshmishree Investment is private company and Tradeplus is public company. Lakshmishree Investment operates as a full service Broker, while Tradeplus functions as a discount broker. Salil Kumar Shah (MD) co-founded Lakshmishree Investment in 2005. And Tradeplus was founded in the year 1995 by Jawahar Vadivelu. Lakshmishree Investment's headquarters are in Mumbai, Maharashtra and Tradeplus's headquarters are in Chennai.
Lakshmishree Investment operates as a full service Broker, while Tradeplus functions as a discount broker. Lakshmishree Investment is registered in NA, while Tradeplus is registered in BSE, NSE, MCX. The total branches of Lakshmishree Investment are Nil and the Tradeplus branches are Nil.
| Overview | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Broker Type | Full Service Broker | Discount Broker |
| Type of company | Private | Public |
| Headquarter | Mumbai, Maharashtra | Chennai |
| Founders | Salil Kumar Shah (MD) | Jawahar Vadivelu |
| Foundation Year | 2005 | 1995 |
| Supported Exchanges | NA | BSE, NSE, MCX |
| Total branches | Nil | Nil |
Lakshmishree Investment and Tradeplus Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Lakshmishree Investment charging Free and Tradeplus charging NA.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Lakshmishree Investment Demat account is Rs.210 per Annum and for the Tradeplus Demat account is NA. The Trading AMC for Lakshmishree Investment and Tradeplus is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Lakshmishree Investment and Tradeplus is CDSL.
| Account Opening and Demat Charges | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Trading Account Opening Charges | Free | NA |
| Demat AMC (Annual Maintenance Charges) | Rs.210 per Annum | NA |
| Trading AMC (Annual Maintenance Charges) | Free | Rs.650 (with GST) |
| Margin Money | Minimum Rs.10,000 | Yes |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL |
Lakshmishree Investment and Tradeplus Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Lakshmishree Investment is 0.21%, while Tradeplus charges you Free.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Lakshmishree Investment is 0.02% and for Tradeplus also, it is Flexi Scheme Lower of : Rs. 9 per traded order or 0.01%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Lakshmishree Investment charge 0.02% and Tradeplus charge Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade) for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Lakshmishree Investment charges Rs.21 per Lot, and Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
| Equity Brokerage Charges | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Equity Delivery Brokerage | 0.21% | Free |
| Equity Intraday Brokerage | 0.02% | Flexi Scheme Lower of : Rs. 9 per traded order or 0.01% |
| Equity Futures Brokerage | 0.02% | Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade) |
| Equity Options Brokerage | Rs.21 per Lot | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
Lakshmishree Investment and Tradeplus Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Lakshmishree Investment is 0.03% and for Tradeplus is Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Lakshmishree Investment charges Rs.21 per Lot for currency options, whereas Lakshmishree Investment charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
| Currency Brokerage Charges | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Currency Futures Brokerage | 0.03% | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
| Currency Options Brokerage | Rs.21 per Lot | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
Lakshmishree Investment and Tradeplus Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Lakshmishree Investment charges 0.02% for commodity trading, while Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).
| Commodity Brokerage Charges | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Commodity Options Brokerage | 0.02% | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) |
Lakshmishree Investment and Tradeplus Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Lakshmishree Investment levies a minimum brokerage fee of Percentage of Transaction, while Tradeplus charges Zero brokerage fee.
Transaction Brokerage Charges: Lakshmishree Investment levies a transaction brokerage charge of 0.00%, while Tradeplus charges 0.00325% of Total Turnover.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Lakshmishree Investment is 0.0002% of Total Turnover and for Lakshmishree Investment is Rs.10 per crore.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Lakshmishree Investment are 0.0126% of selling value, while for Tradeplus, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Lakshmishree Investment charges NA and Tradeplus charges Flat Rs 75 per day.
| Other Brokerage Charges | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Zero | Transaction Brokerage Charges | 0.00% | 0.00325% of Total Turnover | SEBI Turnover Charges | 0.0002% of Total Turnover | Rs.10 per crore | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of selling value | 0.0126% of Total Turnover | Call and Trade Charges | NA | Flat Rs 75 per day |
Lakshmishree Investment and Tradeplus Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Lakshmishree Investment is up to Upto 3x and by Tradeplus it is up to Upto 4x.
Equity Intraday: Leverage for equity intraday by Lakshmishree Investment is up to Upto 7x and by Tradeplus it is up to Upto 20x.
Equity Futures: Leverage for Equity Futures by Lakshmishree Investment is up to Upto 3x and by Tradeplus it is up to Intraday leverage 2X | Cover Order Margin 3%.
Equity Options: Leverage for Equity Options by Lakshmishree Investment is up to Upto 5x and by Tradeplus also, it is up to Intraday Leverage of 2X.
| Equity Leverage | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 4x | Equity Intraday | Upto 7x | Upto 20x | Equity Futures | Upto 3x | Intraday leverage 2X | Cover Order Margin 3% | Equity Options | Upto 5x | Intraday Leverage of 2X |
Lakshmishree Investment and Tradeplus Currency Leverage
The currency futures leverage provided by Lakshmishree Investment is up to Upto 4x, while for Tradeplus it is up to Intraday Leverage of 2X.
The currency options leverage provided by Lakshmishree Investment is up to Upto 4x, while for Tradeplus it is up to 1X.
| Currency Leverage | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Currency Futures | Upto 4x | Intraday Leverage of 2X | Currency Options | Upto 4x | 1X |
Lakshmishree Investment and Tradeplus Commodity Leverage
The commodity leverage provided by Lakshmishree Investment is up to Upto 3x, while for Tradeplus it is up to NA.
| Commodity Leverage | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Commodity | Upto 3x | NA |
Lakshmishree Investment and Tradeplus Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Free Stock Trading Account | Yes | No | Free Demat Account | Yes | Yes | Flexible Plans | Yes | No | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | Yes | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Lakshmishree Investment and Tradeplus Features
Equity Trading: Lakshmishree Investment and Tradeplus brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Lakshmishree Investment and Tradeplus also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Lakshmishree Investment and Tradeplus broker is that you can also invest in IPOs. Lakshmishree Investment also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Lakshmishree Investment offers trading exposure of up to Upto 7x, while Tradeplus gives up to Upto 30x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Lakshmishree Investment and Tradeplus, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Lakshmishree Investment and Tradeplus also allow you to trade in forex trading.
| Features | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | Yes | PMS (Portfolio Management Services) | Yes | No |
| Trading Institution | No | No | Trading Exposure | Upto 7x | Upto 30x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | Yes | No | Forex Trading | No | No | Banking | No | No | Insurance | Yes | Yes |
Lakshmishree Investment and Tradeplus Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Lakshmishree Investment and Tradeplus offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Fundamental Reports | Yes | No |
| Research Reports | Yes | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | No |
| IPO Reports | Yes | No |
| Top Picks | No | Yes |
| Daily Market Review | Yes | No |
| Monthly Reports | Yes | No |
| Weekly reports | Yes | No |
| Offline Advisory | Yes | No |
| Relationship Manager | Yes | No |
Lakshmishree Investment and Tradeplus Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Lakshmishree Investment and Tradeplus offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Lakshmishree Investment and Tradeplus Mobile Trading Platforms
Lakshmishree Investment and Tradeplus offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Mobile Browser | No | Yes |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Lakshmishree Investment and Tradeplus Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Lakshmishree Investment and Tradeplus give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Lakshmishree Investment | Tradeplus |
|---|---|---|
| Relationship Manager | Yes | No |
| Offline Trading | Yes | No |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | Yes |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 380 | 0 |
Lakshmishree Investment and Tradeplus Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Lakshmishree Investment and Tradeplus registered and resolved complaints.
For Lakshmishree Investment, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.
For Tradeplus, the Percentage of resolved BSE complaints is 50.00 % and the Percentage of resolved NSE complaints is 72.06 %.
We can say that Lakshmishree Investment is better than Tradeplus in case of resolving customer complaints.
| BSE Complaints | Lakshmishree Investment | Tradeplus |
|---|---|---|
| BSE Complaints | 0 | 38 |
| BSE Resolved Complaints | 0 | 19 |
| Percentage of resolved BSE complaints | NaN % | 50.00 % |
| NSE Complaints | 2 | 136 |
| NSE Resolved Complaints | 2 | 98 |
| Percentage of resolved NSE complaints | 100.00 % | 72.06 % |
| BSE/NSE Complaint vs. Resolved Percentage | NaN % | 61.03 % |
Frequently Asked Questions
Is Lakshmishree Investment better than Tradeplus?
Lakshmishree Investment is a full service broker and Tradeplus is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Tradeplus better than Lakshmishree Investment?
Tradeplus is a discount broker and Lakshmishree Investment is a full service broker. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Lakshmishree Investment and Tradeplus?
Being a full-service broker, Lakshmishree Investment tends to have higher brokerage charges, while Tradeplus, being a discount broker, offers comparatively cheaper rates. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Lakshmishree Investment and Tradeplus?
To figure out which of the two stockbrokers, Lakshmishree Investment and Tradeplus, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Lakshmishree Investment with other stock brokers
Visit the following pages to see a detailed comparision report of Lakshmishree Investment with other brokerage firms.
Compare Tradeplus with other stock brokers
Visit the following pages to see a detailed comparision report of Tradeplus with other brokerage firms.