Compare stock brokers
Tradeplus vs. Vachana Investments
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 Tradeplus and Vachana Investments. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Tradeplus and Vachana Investments.
Overview
Tradeplus is public company and Vachana Investments is private company. Tradeplus operates as a discount broker, while Vachana Investments functions as a full service broker. Jawahar Vadivelu co-founded Tradeplus in 1995. And Vachana Investments was founded in the year 2013 by Rudra Murthy. Tradeplus's headquarters are in Chennai and Vachana Investments's headquarters are in Bangalore, KA.
Tradeplus operates as a discount broker, while Vachana Investments functions as a full service broker. Tradeplus is registered in BSE, NSE, MCX, while Vachana Investments is registered in NA. The total branches of Tradeplus are Nil and the Vachana Investments branches are Nil.
| Overview | Tradeplus | Vachana Investments |
|---|---|---|
| Broker Type | Discount Broker | Full Service Broker |
| Type of company | Public | Private |
| Headquarter | Chennai | Bangalore, KA |
| Founders | Jawahar Vadivelu | Rudra Murthy |
| Foundation Year | 1995 | 2013 |
| Supported Exchanges | BSE, NSE, MCX | NA |
| Total branches | Nil | Nil |
Tradeplus and Vachana Investments 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 Tradeplus charging NA and Vachana Investments charging Rs.100.
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 Tradeplus Demat account is NA and for the Vachana Investments Demat account is Free. The Trading AMC for Tradeplus and Vachana Investments 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 Tradeplus and Vachana Investments is CDSL.
| Account Opening and Demat Charges | Tradeplus | Vachana Investments |
|---|---|---|
| Trading Account Opening Charges | NA | Rs.100 |
| Demat AMC (Annual Maintenance Charges) | NA | Free |
| Trading AMC (Annual Maintenance Charges) | Rs.650 (with GST) | Rs.299 per Annum |
| Margin Money | Yes | Minimum Rs.3,100 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL | CDSL & NSDL |
Tradeplus and Vachana Investments 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 Tradeplus is Free, while Vachana Investments charges you 0.25%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Tradeplus is Flexi Scheme Lower of : Rs. 9 per traded order or 0.01% and for Vachana Investments also, it is 0.03%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Tradeplus charge Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade) and Vachana Investments charge 0.03% 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, Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade), and Vachana Investments charges Rs.25 per Lot.
| Equity Brokerage Charges | Tradeplus | Vachana Investments |
|---|---|---|
| Equity Delivery Brokerage | Free | 0.25% |
| Equity Intraday Brokerage | Flexi Scheme Lower of : Rs. 9 per traded order or 0.01% | 0.03% |
| Equity Futures Brokerage | Flat Zero brokerage Scheme (Rs. 799 /month), Flexi Scheme (Rs. 9 per trade) | 0.03% |
| Equity Options Brokerage | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) | Rs.25 per Lot |
Tradeplus and Vachana Investments 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 Tradeplus is Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) and for Vachana Investments is 0.03%.
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. Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) for currency options, whereas Tradeplus charges Rs.15 per Lot.
| Currency Brokerage Charges | Tradeplus | Vachana Investments |
|---|---|---|
| Currency Futures Brokerage | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) | 0.03% |
| Currency Options Brokerage | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) | Rs.15 per Lot |
Tradeplus and Vachana Investments 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. Tradeplus charges Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) for commodity trading, while Vachana Investments charges 0.03%.
| Commodity Brokerage Charges | Tradeplus | Vachana Investments |
|---|---|---|
| Commodity Options Brokerage | Flat Zero brokerage Scheme (Rs. 99 /month), Flexi Scheme (Rs. 9 per trade) | 0.03% |
Tradeplus and Vachana Investments Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Tradeplus levies a minimum brokerage fee of Zero, while Vachana Investments charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Tradeplus levies a transaction brokerage charge of 0.00325% of Total Turnover, while Vachana Investments charges 0.00315%.
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 Tradeplus is Rs.10 per crore and for Tradeplus is 0.0002% of Total Turnover.
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 Tradeplus are 0.0126% of Total Turnover, while for Vachana Investments, they are 0.0126% of Total Turnover.
Call and Trade Charges: This charge varies for different brokers. Tradeplus charges Flat Rs 75 per day and Vachana Investments charges NA.
| Other Brokerage Charges | Tradeplus | Vachana Investments |
|---|---|---|
| Minimum Brokerage Charges | Zero | Percentage of Transaction | Transaction Brokerage Charges | 0.00325% of Total Turnover | 0.00315% | SEBI Turnover Charges | Rs.10 per crore | 0.0002% of Total Turnover | 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 Total Turnover | 0.0126% of Total Turnover | Call and Trade Charges | Flat Rs 75 per day | NA |
Tradeplus and Vachana Investments 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 Tradeplus is up to Upto 4x and by Vachana Investments it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Tradeplus is up to Upto 20x and by Vachana Investments it is up to Upto 6x.
Equity Futures: Leverage for Equity Futures by Tradeplus is up to Intraday leverage 2X | Cover Order Margin 3% and by Vachana Investments it is up to Upto 3x.
Equity Options: Leverage for Equity Options by Tradeplus is up to Intraday Leverage of 2X and by Vachana Investments also, it is up to Upto 5x.
| Equity Leverage | Tradeplus | Vachana Investments |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 2x | Equity Intraday | Upto 20x | Upto 6x | Equity Futures | Intraday leverage 2X | Cover Order Margin 3% | Upto 3x | Equity Options | Intraday Leverage of 2X | Upto 5x |
Tradeplus and Vachana Investments Currency Leverage
The currency futures leverage provided by Tradeplus is up to Intraday Leverage of 2X, while for Vachana Investments it is up to Upto 2x.
The currency options leverage provided by Tradeplus is up to 1X, while for Vachana Investments it is up to Upto 2x.
| Currency Leverage | Tradeplus | Vachana Investments |
|---|---|---|
| Currency Futures | Intraday Leverage of 2X | Upto 2x | Currency Options | 1X | Upto 2x |
Tradeplus and Vachana Investments Commodity Leverage
The commodity leverage provided by Tradeplus is up to NA, while for Vachana Investments it is up to Upto 3x.
| Commodity Leverage | Tradeplus | Vachana Investments |
|---|---|---|
| Commodity | NA | Upto 3x |
Tradeplus and Vachana Investments 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 | Tradeplus | Vachana Investments |
|---|---|---|
| Free Stock Trading Account | No | No | Free Demat Account | Yes | Yes | Flexible Plans | No | Yes | Brokerage Discounts | Yes | No | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | No | Referral Program | No | No | Zero Brokerage on Loss Trades | No | No |
Tradeplus and Vachana Investments Features
Equity Trading: Tradeplus and Vachana Investments 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: Tradeplus and Vachana Investments also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Tradeplus and Vachana Investments broker is that you can also invest in IPOs. Tradeplus also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Tradeplus offers trading exposure of up to Upto 30x, while Vachana Investments gives up to Upto 6x.
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 Tradeplus and Vachana Investments, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Tradeplus and Vachana Investments also allow you to trade in forex trading.
| Features | Tradeplus | Vachana Investments |
|---|---|---|
| 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 | Yes | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 30x | Upto 6x | Mutual Funds | Yes | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | No | Insurance | Yes | No |
Tradeplus and Vachana Investments 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. Tradeplus and Vachana Investments 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 | Tradeplus | Vachana Investments |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | No | Yes |
| IPO Reports | No | No |
| Top Picks | Yes | Yes |
| Daily Market Review | No | Yes |
| Monthly Reports | No | Yes |
| Weekly reports | No | Yes |
| Offline Advisory | No | Yes |
| Relationship Manager | No | Yes |
Tradeplus and Vachana Investments 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. Tradeplus and Vachana Investments 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 | Tradeplus | Vachana Investments |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | Yes |
Tradeplus and Vachana Investments Mobile Trading Platforms
Tradeplus and Vachana Investments offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Tradeplus | Vachana Investments |
|---|---|---|
| Mobile Browser | Yes | Yes |
| Android App | Yes | No |
| iOS App | Yes | No |
| Windows App | No | No |
| Other mobile os | No | No |
Tradeplus and Vachana Investments 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. Tradeplus and Vachana Investments 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 | Tradeplus | Vachana Investments |
|---|---|---|
| Relationship Manager | No | Yes |
| Offline Trading | No | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | Yes | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 0 | 428 |
Tradeplus and Vachana Investments 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 Tradeplus and Vachana Investments registered and resolved complaints.
For Tradeplus, the Percentage of resolved BSE complaints is 50.00 % and the Percentage of resolved NSE complaints is 72.06 %.
For Vachana Investments, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Tradeplus is better than Vachana Investments in case of resolving customer complaints.
| BSE Complaints | Tradeplus | Vachana Investments |
|---|---|---|
| BSE Complaints | 38 | 1 |
| BSE Resolved Complaints | 19 | 1 |
| Percentage of resolved BSE complaints | 50.00 % | 100.00 % |
| NSE Complaints | 136 | 5 |
| NSE Resolved Complaints | 98 | 5 |
| Percentage of resolved NSE complaints | 72.06 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 61.03 % | 100.00 % |
Frequently Asked Questions
Is Tradeplus better than Vachana Investments?
Tradeplus is a discount broker and Vachana Investments is a full service broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Vachana Investments better than Tradeplus?
Vachana Investments is a full service broker and Tradeplus is a discount 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 Tradeplus and Vachana Investments?
The brokerage charges for Tradeplus are on the cheaper side since it is a discount broker, while Vachana Investments is a full-service broker. 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, Tradeplus and Vachana Investments?
To figure out which of the two stockbrokers, Tradeplus and Vachana Investments, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Tradeplus with other stock brokers
Visit the following pages to see a detailed comparision report of Tradeplus with other brokerage firms.
Compare Vachana Investments with other stock brokers
Visit the following pages to see a detailed comparision report of Vachana Investments with other brokerage firms.