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Sunness Capital 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 Sunness Capital and Tradeplus. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Sunness Capital and Tradeplus.


Overview

Sunness Capital is private company and Tradeplus is public company. Sunness Capital operates as a full service Broker, while Tradeplus functions as a discount broker. Padmajyothi Shreesha co-founded Sunness Capital in 2009. And Tradeplus was founded in the year 1995 by Jawahar Vadivelu. Sunness Capital's headquarters are in Bangalore, KA and Tradeplus's headquarters are in Chennai.

Sunness Capital operates as a full service Broker, while Tradeplus functions as a discount broker. Sunness Capital is registered in NA, while Tradeplus is registered in BSE, NSE, MCX. The total branches of Sunness Capital are Nil and the Tradeplus branches are Nil.

OverviewSunness CapitalTradeplus
Broker TypeFull Service BrokerDiscount Broker
Type of companyPrivatePublic
HeadquarterBangalore, KAChennai
FoundersPadmajyothi ShreeshaJawahar Vadivelu
Foundation Year20091995
Supported ExchangesNABSE, NSE, MCX
Total branchesNilNil

Sunness Capital 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 Sunness Capital charging Rs.250 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 Sunness Capital Demat account is Rs.333 per Annum and for the Tradeplus Demat account is NA. The Trading AMC for Sunness Capital 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 Sunness Capital and Tradeplus is CDSL.

Account Opening and Demat ChargesSunness CapitalTradeplus
Trading Account Opening ChargesRs.250NA
Demat AMC (Annual Maintenance Charges)Rs.333 per AnnumNA
Trading AMC (Annual Maintenance Charges)FreeRs.650 (with GST)
Margin MoneyMinimum Rs.13,000Yes
Offline to Online ChargesYesYes
DepositoryCDSL & NSDLCDSL

Sunness Capital 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 Sunness Capital is 0.33%, 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 Sunness Capital is 0.03% 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. Sunness Capital charge 0.03% 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, Sunness Capital charges Rs.33 per Lot, and Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).

Equity Brokerage ChargesSunness CapitalTradeplus
Equity Delivery Brokerage0.33%Free
Equity Intraday Brokerage0.03%Flexi Scheme Lower of : Rs. 9 per traded order or 0.01%
Equity Futures Brokerage0.03%Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade)
Equity Options BrokerageRs.33 per LotFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

Sunness Capital 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 Sunness Capital 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. Sunness Capital charges Rs.23 per Lot for currency options, whereas Sunness Capital charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).

Currency Brokerage ChargesSunness CapitalTradeplus
Currency Futures Brokerage0.03%Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)
Currency Options BrokerageRs.23 per LotFlat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

Sunness Capital 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. Sunness Capital charges 0.03% for commodity trading, while Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade).

Commodity Brokerage ChargesSunness CapitalTradeplus
Commodity Options Brokerage0.03%Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade)

Sunness Capital and Tradeplus Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Sunness Capital levies a minimum brokerage fee of Percentage of Transaction, while Tradeplus charges Zero brokerage fee.

Transaction Brokerage Charges: Sunness Capital levies a transaction brokerage charge of 0.00323% of Total Turnover, 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 Sunness Capital is 0.0002% of Total Turnover and for Sunness Capital 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 Sunness Capital are 0.0126% of Total Turnover, while for Tradeplus, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Sunness Capital charges NA and Tradeplus charges Flat Rs 75 per day.

Other Brokerage ChargesSunness CapitalTradeplus
Minimum Brokerage ChargesPercentage of TransactionZero
Transaction Brokerage Charges0.00323% of Total Turnover0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total TurnoverRs.10 per crore
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover0.0126% of Total Turnover
Call and Trade ChargesNAFlat Rs 75 per day

Sunness Capital 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 Sunness Capital is up to Upto 2x and by Tradeplus it is up to Upto 4x.

Equity Intraday: Leverage for equity intraday by Sunness Capital is up to Upto 6x and by Tradeplus it is up to Upto 20x.

Equity Futures: Leverage for Equity Futures by Sunness Capital is up to Upto 2x and by Tradeplus it is up to Intraday leverage 2X | Cover Order Margin 3%.

Equity Options: Leverage for Equity Options by Sunness Capital is up to Upto 5x and by Tradeplus also, it is up to Intraday Leverage of 2X.

Equity LeverageSunness CapitalTradeplus
Equity DeliveryUpto 2xUpto 4x
Equity IntradayUpto 6xUpto 20x
Equity FuturesUpto 2xIntraday leverage 2X | Cover Order Margin 3%
Equity OptionsUpto 5xIntraday Leverage of 2X

Sunness Capital and Tradeplus Currency Leverage

The currency futures leverage provided by Sunness Capital is up to Upto 2x, while for Tradeplus it is up to Intraday Leverage of 2X.

The currency options leverage provided by Sunness Capital is up to Upto 3x, while for Tradeplus it is up to 1X.

Currency LeverageSunness CapitalTradeplus
Currency FuturesUpto 2xIntraday Leverage of 2X
Currency OptionsUpto 3x1X

Sunness Capital and Tradeplus Commodity Leverage

The commodity leverage provided by Sunness Capital is up to Upto 3x, while for Tradeplus it is up to NA.

Commodity LeverageSunness CapitalTradeplus
CommodityUpto 3xNA

Sunness Capital 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.

OffersSunness CapitalTradeplus
Free Stock Trading AccountYesNo
Free Demat AccountNoYes
Flexible PlansYesNo
Brokerage DiscountsYesYes
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersYesNo
Referral ProgramYesNo
Zero Brokerage on Loss TradesNoNo

Sunness Capital and Tradeplus Features

Equity Trading: Sunness Capital 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: Sunness Capital and Tradeplus also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Sunness Capital and Tradeplus broker is that you can also invest in IPOs. Sunness Capital also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Sunness Capital offers trading exposure of up to Upto 6x, 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 Sunness Capital and Tradeplus, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Sunness Capital and Tradeplus also allow you to trade in forex trading.

FeaturesSunness CapitalTradeplus
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingYesYes
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryNoYes
PMS (Portfolio Management Services)NoNo
Trading InstitutionNoNo
Trading ExposureUpto 6xUpto 30x
Mutual FundsNoYes
SIP (Systematic Investment Plan)NoNo
Forex TradingNoNo
BankingNoNo
InsuranceYesYes

Sunness Capital 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. Sunness Capital 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 ServicesSunness CapitalTradeplus
Fundamental ReportsNoNo
Research ReportsNoNo
Company ReportsNoNo
Annual ReportsNoNo
Company Stock ReviewNoNo
Free Stock TipsYesNo
IPO ReportsNoNo
Top PicksYesYes
Daily Market ReviewNoNo
Monthly ReportsNoNo
Weekly reportsNoNo
Offline AdvisoryYesNo
Relationship ManagerYesNo

Sunness Capital 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. Sunness Capital 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 PlatformsSunness CapitalTradeplus
WindowsYesYes
MacYesYes
Desktop BrowserYesYes

Sunness Capital and Tradeplus Mobile Trading Platforms

Sunness Capital and Tradeplus offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsSunness CapitalTradeplus
Mobile BrowserYesYes
Android AppYesYes
iOS AppYesYes
Windows AppNoNo
Other mobile osNoNo

Sunness Capital 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. Sunness Capital 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 FeaturesSunness CapitalTradeplus
Relationship ManagerYesNo
Offline TradingYesNo
Online TradingYesYes
24 * 7 SupportNoYes
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support Branches70

Sunness Capital 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 Sunness Capital and Tradeplus registered and resolved complaints.

For Sunness Capital, 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 Sunness Capital is better than Tradeplus in case of resolving customer complaints.

BSE ComplaintsSunness CapitalTradeplus
BSE Complaints038
BSE Resolved Complaints019
Percentage of resolved BSE complaintsNaN %50.00 %
NSE Complaints1136
NSE Resolved Complaints198
Percentage of resolved NSE complaints100.00 %72.06 %
BSE/NSE Complaint vs. Resolved PercentageNaN %61.03 %

Frequently Asked Questions


  1. Is Sunness Capital better than Tradeplus?

    Sunness Capital 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.

  2. Is Tradeplus better than Sunness Capital?

    Tradeplus is a discount broker and Sunness Capital 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.

  3. Which is cheaper between Sunness Capital and Tradeplus?

    Being a full-service broker, Sunness Capital 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.

  4. Which is better, Sunness Capital and Tradeplus?

    To figure out which of the two stockbrokers, Sunness Capital and Tradeplus, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


Compare Sunness Capital with other stock brokers

Visit the following pages to see a detailed comparision report of Sunness Capital 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.