Reviews of Stock Brokers


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 Tradeplus, 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.


Tradeplus founded in 1995 by Jawahar Vadivelu is a Public company headquartered in Chennai India. As a Discount Broker, Tradeplus 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 Tradeplus operates as a full-service brokers. It offers extensive investment advice and detailed stock analysis for its clients.

Broker TypeDiscount Broker
Type of companyPublic
FoundersJawahar Vadivelu
Foundation Year1995
Supported ExchangesBSE, NSE, MCX
Total branchesNil

Tradeplus Account opening charges

To begin trading with Tradeplus, you need to open a trading account and a Demat account. Tradeplus charges NA for opening a trading account. Additionally, there is an annual maintenance charge (AMC) of NA for the Demat account. However, it's worth mentioning that trading AMC is free.

Account Opening and Demat ChargesTradeplus
Trading Account Opening ChargesNA
Demat AMC (Annual Maintenance Charges)NA
Trading AMC (Annual Maintenance Charges)Rs.650 (with GST)
Margin MoneyYes
Offline to Online ChargesYes

Tradeplus Brokerage Charges

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

Equity Brokerage Charges

Equity Brokerage ChargesTradeplus
Equity Delivery BrokerageFree
Equity Intraday BrokerageFlexi Scheme Lower of : Rs. 9 per traded order or 0.01%
Equity Futures BrokerageFlat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade)
Equity Options BrokerageFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

Currency Brokerage Charges

Currency Brokerage ChargesTradeplus
Currency Futures BrokerageFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)
Currency Options BrokerageFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

Commodity Brokerage Charges

Commodity Brokerage ChargesTradeplus
Commodity Options BrokerageFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

Tradeplus Other Charges

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

Other Brokerage ChargesTradeplus
Minimum Brokerage ChargesZero
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover ChargesRs.10 per crore
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesFlat Rs 75 per day

Tradeplus Equity Leverage

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

Equity LeverageTradeplus
Equity DeliveryUpto 4x
Equity IntradayUpto 20x
Equity FuturesIntraday leverage 2X | Cover Order Margin 3%
Equity OptionsIntraday Leverage of 2X

Tradeplus Currency Leverage

Currency LeverageTradeplus
Currency FuturesIntraday Leverage of 2X
Currency Options1X

Tradeplus Commodity Leverage

Equity LeverageTradeplus

Tradeplus Offers

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

Free Stock Trading AccountNo
Free Demat AccountYes
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Tradeplus Features

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

Tradeplus 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.

Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksYes
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Tradeplus Trading Platforms

The Tradeplus 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.

Tradeplus Trading Platforms

Desktop Trading PlatformsTradeplus
Desktop BrowserYes

Tradeplus Mobile App

The Tradeplus 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 AppTradeplus
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other mobile osNo

Tradeplus Web Trading

For web-based trading, Tradeplus offers a powerful trading website known as Tradeplus 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.

Tradeplus Trade Terminal

Tradeplus 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.

Tradeplus Customer Support

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

Tradeplus 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 Tradeplus.

BSE ComplaintsTradeplus
BSE Complaints38
BSE Resolved Complaints19
Percentage of resolved BSE complaints50.00 %
NSE Complaints136
NSE Resolved Complaints98
Percentage of resolved NSE complaints72.06 %
BSE/NSE Complaint vs. Resolved Percentage61.03 %


In conclusion, Tradeplus 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, Tradeplus can be considered a decent stock broker, but you must examine the pros and cons carefully before making a decision.