Tradeplus has all the things to become very successful in broking industry from very attractive brokerage plans, Margin funding and choice of trading platforms but somehow they are lagging with competition due to a lot of other charges perceived as hidden and average customer service.
Why TradePlus?
- Lowest Flat and Flexi Brokerage Plans.
- Tradeplusonline has lowest refundable unlimited trading plans @ Rs 99 per month by category - Equity Option,Currency & Commodity.
- Direct Mutual Fund Investments possible.
- Possible to invest in IPO/Bond/GSEC Investments.
- Avail high Intra margins upto 80x and upto 50% Delivery funding.
- Referral Program.
- NRI Trading services available.
- Lowest Transaction charges in MCX Commodity segment - 400 Rs per crore.
- Facility to trade on whats-up chat app.
Positives
- Lowest Flat and Flexi Brokerage Plans .
- Flat rate for stock trading
- Demat account services at a very low AMC charge of Rs. 90 per year.
- Margin funding
- Referral Program
- Good Brokerage & Margin Calculator
Needs Improvement
- Call n Trade charges are very high.
- INFINI ‐ Trading platform is not free.
- SMS charges with monthly plans
- Lot of hidden charges
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| Year of Incorporation | 1995 |
| Products | Infini Web, Infini Power, TradePlus Mobile |
| Demat Services | No |
| Active Exchange Memberships | BSE, NSE, MCX |
| Website | https://www.tradeplusonline.com/ |
| Contact Details | 044-49427576 |
| Total Number of Clients | 11,517 |
| Total Number of Branches | - |
Tradeplus is the online Discount brokerage firm of Navia Markets Ltd. They started into Financial Service Industry in 1983 but became Equity Broker in 1995 with NSE, Depository Participant with NSDL in 1997 and with CDSL in 2018, Equity Stock Brokers in BSE in 2010 and Commodity brokers on MCX in 2009. The company re-launched its services under an integrated online brand called Trade Plus in 2014. They are offering trading & investment at BSE, NSE, and MCX.
TradePlus provide an online trading facility in equity delivery, Equity Intraday, F&0 Trading, Trading in currency and commodities segments on NSE, BSE, and MCX, it also provides investment option in Direct Mutual Fund, IPOs, bond, and corporate deposits. Tradeplus Online has its own DP services having a membership with NSDL and CDSL.
Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in a few segments. The infinite trading plans are available in Commodities, Equity & Options, and Currency Derivatives segments. Tradeplus also provides demat account services at a very low AMC charge of Rs. 90 per year. Tradeplus also offer Online Mutual Fund, IPO, Bonds, and G-sec.
Tradeplus offer a lot of choice in the trading platform to its customer. The trading platform includes an installable trading terminal (Exe), trading website and powerful mobile trading app. Tradeplus also offer NSE NOW platform to its customer in addition to its trading platform Infini Power and Infini web and Tardeplus Mobile.
Affiliation Details of Tradeplus
- CIN : U65993TN1994PLC010167
- Tradeplus SEBI Registration No. INZ000095034
- Tradeplus NSE Member Code:
- Capital Market (CM) - 07708
- Future & Options (F&O) - 07708
- Currency Derivatives (CDS) - 07708
- BSE Clearing No:
- Capital Market (CM),FAO & CD: 6341
- CDSL: IN-DP-CDSL-12086500
- NSDL: IN-DP-NSDL-IN300378
- MCX Member ID: 45345
Customers Service options offered by Tradeplus
Tradeplus offers multiple communication channels to its clients for using the customer's service.
- Phone Number :
- Customer Support / Call & Trade :
- 044-49427576 ‐ ext 1
- 044-49427576 ‐ext 2
- Customer Support / Call & Trade :
- Account opening: 044-49427576-Ext 6
- Email Support: [email protected]
- Corporate Office :
Ganga Griha' 4th & 5th Floor,
No.9 (old No. 6D),
Nungambakkam High Road, Nungambakkam, Chennai - 600 034.
Active Client Details Of Tradeplus
- 10000+ clients.
Tradeplus Account Opening & AMC Charges
Trading Account / Demat opening is a one-time fee that Tradeplus charges while initiating your account opening process. Trading /Demat AMC(Annual maintenance Charges) is an annual fee charged by Tradeplus to maintain your account, this is annual charges and deduct from your account even if you haven't traded for a year.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Trading Account | Rs 200 (One time) | NIL |
| Demat Account | NIL | Rs.200 per annum (applicable from the second year) Rs.500/- (one time) for 5 years Rs.900/- (one time) for 10 years |
Tradeplus Account opening & AMC charges for NRI Account.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| Trading Account | Rs 2500 (One time) | NIL |
| Demat Account | NIL | Rs.2500/- (one time) for 10 years |
Tradeplus Call and Trade Charges
Call n trade will be charged at a flat rate of Rs.75 per day plus applicable taxes, irrespective of the number of orders placed.
- For orders placed through our support/dealing desk.
- Intraday (MIS/BO*/CO) positions squared off before market closing by our RMS team.
Tradeplus Brokerage Plans
Tradeplus has 2 brokerage plans, one is a subscription plan where you can enjoy unlimited brokerage by paying monthly subscription fees, and another Flexi brokerage plan where you are going to be charged only if you trade.
The below rates are applicable for only Direct Online Trading Clients. There will be no RM support.
| Segment | Flat Zero Brokerage Scheme | Flexi brokerage Scheme |
|---|---|---|
| Equity Delivery | 0% Brokerage | 0% Brokerage |
| Equity Intra-day | NA | Lower of Rs. 9 per traded order or 0.01% |
| Equity Futures | Rs. 799 per month | Rs. 9 per traded order |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| Equity Options | Rs. 99 per month | Rs. 9 per traded order |
| Currency Futures and Options | Rs. 99 per month | Rs. 9 per traded order |
| Commodity futures and Options | Rs. 99 per month | Rs. 9 per traded order |
Tradeplus Equity Trading Charges (Tradeplus Flexi brokerage Scheme)
| Tradeplus Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | NIL | 0.01% or Rs.9 per Traded order whichever is lower |
| STT | 0.1% ON BOTH Buy & Sell | 0.025% On the Sell side |
| Transaction / Turnover charges | NSE : 0.00325%, BSE Rs.1.5 each on buy trade & sell trade | NSE : 0.00325%, BSE Rs.1.5 each on buy trade & sell trade |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.015% | 0.03% |
Tradeplus F&O Trading Charges (Tradeplus Flexi brokerage Scheme)
| Tradeplus Charges | Equity Future | Equity Options |
|---|---|---|
| Brokerage | Rs. 9 per traded order | Rs. 9 per traded order |
| STT | 0.01% On the Sell-side | 0.05% On the Sell side (ON PREMIUM) |
| Transaction / Turnover charges | NSE : 0.0035% (TC 0.0019% & Clearing Charges 0.0016%) | NSC : 0.075%, BSE Rs.1 each on buy trade & sell trade |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.002% | 0.003% |
Tradeplus Currency Trading Charges (Tradeplus Flexi brokerage Scheme)
| Tradeplus Charges | Currency Future | Currency Options |
|---|---|---|
| Brokerage | Rs. 9 per traded order | Rs. 9 per traded order |
| STT | NA | NA |
| Transaction / Turnover charges | NSE: 0.0014% | NSE: 0.0014% |
| SEBI Charges | 15 Rs/Crore | 15 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | 0.0001% | 0.0001% |
Tradeplus Commodity Trading Charges (Tradeplus Flexi brokerage Scheme)
| Tradeluc Charges | Commodity |
|---|---|
| Brokerage | Rs. 9 per traded order |
| STT/CTT | 0.0125% on Sell |
| Transaction / Turnover charges | Exchange Charge: 0% Clearing Charge: 0.05% |
| SEBI Charges | 20 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges) |
| Stamp Duty | Futures 0.002%, Options 0.003% |
Tradeplus Platform fees & Other Charges
Other than brokerage and statutory charges Tradeplus will also charge you for using his value-added services and using for their trading platforms, the charges would be as below
| Platform Fees | Modes | Charges |
|---|---|---|
| INFINI MF: Mutual Fund - BSE Star | WEB & Mobile | Direct Funds -Free Regular Funds -Free |
| NEAT ON WEB (NOW) -Cash, F&O, And Currency | EXE & Mobile Platform | Free |
| NEAT ON WEB (NOW) - Commodity | WEB And Mobile | Free |
| INFINI TRADING SOLUTIONS (ITS)-Cash, F&O & Currency | EXE, WEB, And Mobile | Monthly Plan - Rs.499/- Per Month Yearly Plan - Rs.2999/- P.A. (Effective Rate Rs. 250 Per Month) |
| Segment | Other charges |
|---|---|
| Call N Trade Charges | Rs.75/- per day +GST |
| Pay-in Charges | Payment Gateway - Rs.9/- + GST per transaction Cheque Payments - Rs.15/- + GST per instrument |
| Physical Contract Note postage charges | Rs.50 +GST per day |
| Mobile number and email ID changes | Rs. 50 + GST per request |
| Address and Bank detail changes | Rs. 100 + GST per request |
| Monthly SMS Charges | Rs.99 in case you have subscribed to any of the Zero Brokerage monthly Plans and you had any trade during the month. The Flexi Brokerage plan does not have SMS charges |
| Monthly SMS Charges | Rs.99 in case you have subscribed to any of the Zero Brokerage monthly Plans and you had any trade during the month. The Flexi Brokerage plan does not have SMS charges |
| Depository Transaction Charges: | The charges are 0.02% of transaction value, subject to a minimum of Rs.15 & a maximum of Rs.200 per transaction. |
Charges Explained
-
Securities / Commodities Transaction Tax: Tax imposed by the government on the exchange of transactions. It applies to both the side i,e, on selling and buying side and while intraday only on the selling side and on F&O.
-
Transaction/Turnover Charges: Exchange transaction charges + Clearing charges. It is charged by all the Indian stock and commodity markets and clearing members.
-
Call & trade : Additional charges of Rs75 per order:
- For orders placed through our Tradeplus support/dealing desk.
- Intraday (MIS/BO/CO) positions squared off before market closing by the RMS team.
-
Stamp charges: Charged as per the state of the client's correspondence address.
-
GST: Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)
-
SEBI Charges: Charged at Rs.10 per crore by Securities and Exchange Board of India for regulating the markets.
-
AMC (Annual maintenance charges): Rs.200/year applicable from 2nd year.
Tradeplus NRI Trading Account Review 2022
Tradeplus is among the few brokers in India to launch an Online Trading facility for Non-Resident Indians (NRIs) in the year 2000. Tradeplus offers unique features called 4-in-1 accounts which include NRI Saving Bank Account, NRI Demat account, NRI trading account, and PAN Account. Tradeplus allows NRIs to open the NRO account without a PIS account. For NRI SB Account, the company has tied-up with HDFC, Axis and Yes bank.
A lot of stockbrokers are not offering as many services offered by Tradeplus, they offer many special benefits to NRIs. There are plenty of benefits extended to NRI clients at Tradeplus when they trade in NRO mode. They are
- No PIS account required for NRO investments. It is made as easy as Resident Investments
- Avail flat brokerage on unlimited trading with futures and Options plan at Just Rupees 1499 per month
- Facility to execute BTST (Buy Today and Sell Tomorrow) and Intraday Trades
- Facility to buy in NSE with stock collateral and hold it for a maximum of 1 year under MTF
- Facility to get exposure of available cash and stocks under the following categories
- 1) NRML ‐ Option to buy selective stocks up to 3 times and settle within Trade + 5 working days
- 2) MIS ‐ Option to buy selective stocks up to 10 times for Intraday and
- 3) MTF ‐ Option to buy stocks in the NSE segment using stock collateral and hold them for a maximum of 1 year.
Tradeplus NRI Account Opening Charges:
| Particulars | Charges |
|---|---|
| Account opening fee ‐ per account* | Rs. 2500 + 450 (GST at 18%) |
| Life Time AMC valid for 10 years on Demat account inclusive of GST (not applicable for F&O accounts) & per account) | Rs. 2500 + 450 (GST at 18%) |
| Total | 5900 |
Tradeplus NRI Mutual Fund Account:
NRI investors at Tradeplus can invest in direct mutual funds through its online MF platform. The broker charges zero commission which results in 1.5% extra returns to NRIs. NRIs can also place conditional orders to purchase and redeem at the desired NAV.
Tradeplus NRI Account Brokerage and other charges:
Tradeplus brokerage charges vary by type of account and transaction type, Equity delivery charges for NRE account is 0.40% and NRO Account is 0.30%. the F&O charges are fixed @1499 per month
| Particulars | NRE ‐ Equity Cash | NRO ‐ Equity Cash | NRO ‐ F&O |
|---|---|---|---|
| Brokerage on volume * | 0.40% | 0.30% | Flat 1499 per month |
| GST on Brokerage @ 18% | 0.07% | 0.05% | 270 |
| STT on volume | 0.10% | 0.10% | Futures sell ‐ 0.01% on volume Options sell ‐ 0.05% of premium Option Exercised ‐ 0.125% on the difference between the settlement price and strike price of an option |
| Transaction Charges | 0.00% | 0.00% | Futures ‐ 0.0019%, Options ‐ 0.05% on premium value |
| SEBI Turnover Charges | 0.00% | 0.00% | 0.00% |
| Stamp Duty | Basis Indian Address proof / Tamilnadu | Basis Indian Address proof / Tamilnadu | Basis Indian Address proof / Tamilnadu |
| Clearing member Charges | NIL | NIL | Futures ‐ 0.0075% , Options ‐ 0.06% on premium value |
| Mutual fund investment | 0 | 0 | NA |
Tradeplus Demat charges for NRI Accounts:
| Demat & Remat Charges | |
|---|---|
| Demat Charges NRI | Rs. 200/- per DRF (up to 5 Certificates)More than 5Certificates Rs. 30/- per certificate plus Rs. 200/- (Minimum Charges) |
| Remat Charges | Rs. 15/- per certificate for every hundred shares or part thereof Remat Charges subject to the maximum fee of Rs. 5,00,000 or a flat fee of Rs. 15/- Per certificate whichever is higher plus handling charges Rs. 50/- No rematerialization fee for Govt. Securities. |
| Conversion Request (Mutual Fund) Charges | |
| Conversion request charges for NRI Clients | Rs. 200/- per CRF |
| Transaction Charges | |
| Market Selling(Debits) other than Navia Markets Ltd. OFF Markets Debits & Inter Depository Debits | 0.04% of Transaction Value, subject to a minimum of Rs. 30/- Per Transaction |
| Inter Settlement Transfer | Rs. 15/- per Transaction for non POA |
| Failed Transaction | Rs. 15/- per Transaction |
| Pledge & Securities Lending and Borrowing | |
| Pledge Creation | 0.02% of the value of the securities pledged, subject to a minimum of Rs. 50/- per Transaction. |
| Pledge Closure & Invocation | 0.02% of the value of the securities pledged, subject to a minimum of Rs. 50/- per Transaction. |
| Securities Borrowing | Rs. 50/- per Transaction. |
| Modification Charges Rs. 100/- for every change of address / Bank Details | |
The Final Thoughts about Tradeplus
Tradeplus has all the things to become very successful in broking industry from very attractive brokerage plans, Margin funding, all kind of trading platforms, NRI services, Options to trade not only in stocks but also in MF, IPOs, commodity, and currency but they are lagging mainly due to a lot of other charges perceived as hidden, slow trading platform and average customer service. NRI services is a Big plus point for TradePlus,where they offer lot of unique facilities to their NRI clients.
Free Equity Delivery Trading and Mutual Funds
- Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
- Brokerage-free Direct Mutual Fund investment +
- Trade with the best trading platform in India.
This is a limited-time offer. Open Instant Zerodha Account online and start trading today.
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