Reviews of Stock Brokers

Trade Smart Online

When it comes to investing in the stock market, choosing the right stockbroker is of utmost importance. It can significantly impact your trading experience, investment returns, and overall satisfaction. In this article, we will provide an in-depth review of Trade Smart Online, one of India's prominent Discount Broker. We will evaluate various aspects, including brokerage charges, trading platforms, customer support, and more, to help you make an informed decision.


Trade Smart Online founded in 1999 by Vijay Singhania is a Private company headquartered in Bangalore, Karnataka India. As a Discount Broker, Trade Smart Online aims to provide cost-effective buy/sell orders, enabling investors to save money compared to full-service brokers. However, it is crucial to note that Trade Smart Online operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

OverviewTrade Smart Online
Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterBangalore, Karnataka
FoundersVijay Singhania
Foundation Year1999
Supported ExchangesBSE, NSE, MCX
Total branches1

Trade Smart Online Account opening charges

To begin trading with Trade Smart Online, you need to open a trading account and a Demat account. Trade Smart Online charges Rs.400 for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of Rs.250 per Annum for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesTrade Smart Online
Trading Account Opening ChargesRs.400
Demat AMC (Annual Maintenance Charges)Rs.250 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero Margin
Offline to Online ChargesYes
DepositoryCDSL & NSDL

Trade Smart Online Brokerage Charges

One of the main factors to consider when choosing a stockbroker is the brokerage charges. Trade Smart Online brokerage charges for various segments are as follows:

Equity Brokerage Charges

Equity Brokerage ChargesTrade Smart Online
Equity Delivery BrokerageRs.15 per Executed Order
Equity Intraday BrokerageRs.15 per Executed Order
Equity Futures BrokerageRs.15 per Executed Order
Equity Options BrokerageRs.15 per Executed Order

Currency Brokerage Charges

Currency Brokerage ChargesTrade Smart Online
Currency Futures BrokerageRs.15 per Executed Order
Currency Options BrokerageRs.15 per Executed Order

Commodity Brokerage Charges

Commodity Brokerage ChargesTrade Smart Online
Commodity Options BrokerageRs.15 per Executed Order

Trade Smart Online Other Charges

In addition to brokerage charges, there are other charges to consider:

Other Brokerage ChargesTrade Smart Online
Minimum Brokerage ChargesRs.15
Transaction Brokerage Charges0.00300% of Total Turnover
SEBI Turnover Charges0.0007% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0113% of Total Turnover
Call and Trade ChargesRs 20 per executed order

Trade Smart Online Equity Leverage

Leverage enables traders to amplify their market exposure using a relatively smaller capital amount. Here's the leverage provided by Trade Smart Online:

Equity LeverageTrade Smart Online
Equity DeliveryUpto 2x
Equity IntradayUpto 30x
Equity FuturesUpto 7x
Equity OptionsUpto 7x

Trade Smart Online Currency Leverage

Currency LeverageTrade Smart Online
Currency FuturesUpto 5x
Currency OptionsUpto 5x

Trade Smart Online Commodity Leverage

Equity LeverageTrade Smart Online
CommodityUpto 6x

Trade Smart Online Offers

Numerous stockbrokers are enticing customers with attractive offers in order to expand their client base. Some of these enticing offers include:

OffersTrade Smart Online
Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansYes
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramYes
Zero Brokerage on Loss TradesNo

Trade Smart Online Features

FeaturesTrade Smart Online
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 30x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Trade Smart Online Advisory Services

The key distinction between a discount broker and a full-service broker lies in the range of services offered and the rates at which they are provided.

ServicesTrade Smart Online
Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsYes
Offline AdvisoryNo
Relationship ManagerNo

Trade Smart Online Trading Platforms

The Trade Smart Online trading software comprises various trading platforms suitable for the diverse needs of the customers. It is built on IIFL's trading platform. It has been trusted by customers for the past two decades. The trading platform is available in three different forms. Namely: a mobile app, a web browser-based platform, and an installable desktop trading application.

Trade Smart Online Trading Platforms

Desktop Trading PlatformsTrade Smart Online
Desktop BrowserYes

Trade Smart Online Mobile App

The Trade Smart Online mobile app allows users to trade on the go and provides access to trading at BSE/NSE and robo advisory services. Customers can download the app for free from either the google app store or the apple app Store. The app is designed to be simple and intuitive, enabling users to buy stocks, trade in stock and currency futures & options, and invest in mutual funds, ETFs, bonds, and more.

Mobile AppTrade Smart Online
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Trade Smart Online Web Trading

For web-based trading, Trade Smart Online offers a powerful trading website known as Trade Smart Online trader station. This website can be accessed through any web browser on computers, laptops, mobile devices, or tablets. It provides a wide range of trading and investment options within a single domain. The web platform is seamlessly integrated with payment gateways and banks, enabling instant fund transfers.

Trade Smart Online Trade Terminal

Trade Smart Online offers a trade terminal, which is a downloadable trading terminal specifically developed for active traders seeking advanced trading features. This desktop application offers real-time data and advanced charts for monitoring intraday and historic stock prices. It also offers a variety of keyboard shortcuts to facilitate real-time market monitoring and faster order placement.

Trade Smart Online Customer Support

Customer SupportTrade Smart Online
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches0

Trade Smart Online Complaints

Understanding the number of customer complaints received by a brokerage firm can provide insights into the quality and reliability of their services. The following table shows the information regarding the complaints received by Trade Smart Online.

BSE ComplaintsTrade Smart Online
BSE Complaints56
BSE Resolved Complaints53
Percentage of resolved BSE complaints94.64 %
NSE Complaints75
NSE Resolved Complaints73
Percentage of resolved NSE complaints97.33 %
BSE/NSE Complaint vs. Resolved Percentage95.99 %


In conclusion, Trade Smart Online offers a range of trading and investment options through its user-friendly platforms. With competitive pricing and several investment choices, it is one of the best options for investors. However, the lack of comprehensive customer support and the number of customer complaints are areas of concern. Considering all the features and user experience, Trade Smart Online can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.