TRADESMART

TradeSmart Information

Founded in 2013 and headquartered in India, TradeSmart is a financial services provider. It offers a diverse range of trading tools and platforms, including the TradeSmart Mobile App, TradeSmart Desktop, TradeSmart Web, TradeSmart API, BOX, TradeSmart MF, Instaoption, and Integrations. In order to meet the needs of different clients, the company has two types of accounts: Value accounts for low-frequency and small traders, and Power accounts for high-frequency and high-volume traders.

However, TradeSmart is currently unregulated and its legitimacy is a cause for concern.

Pros and Cons

Is TradeSmart Legit?

No. TradeSmart is not regulated, and traders must exercise caution when trading.

What Can I Trade on TraderSmart?

Products

TraderSmart's products include a variety of trading tools: TradeSmart Mobile App, TradeSmart Desktop, TradeSmart Web, TradeSmart API, BOX, TradeSmart MF, Instaoption, and Integrations.

Account Types & Fees

TradeSmart offers traders with Demat accounts for trading. There are two different programs available: Value and Power, for traders to choose from.

The primary role of a Demat account is to digitize the storage, management, and trading of securities, providing investors with an efficient, secure, and transparent investment experience.

Below is information on the two account plans:

Leverage

TradeSmart has 1:5 leverage on stocks, F&O, currencies, and commodities. Please note that high leverage can amplify not only profits but also losses.

Trading Platform

TradeSmart supports trading using the proprietary TraderSmart APP. Only Rs. 15 per trade is charged as commission for trading on this platform.

Deposit and Withdrawal

TraderSmart accepts payments via bank wire transfer and NEFT transfer.

A total of 29 banks are supported as listed below:

Axis Bank, Bank of Baroda, Bank of India, Bank of Maharashtra, Capital Small Financec Bank, Catholic Syrian Bank, City Union Bank, Deutsche Bank, Dhanlaxmi Bank, Federal Bank, HDFC Bank, IDFC First Bank, ICICI Bank, Indian Bank, Indian Overseas Bank, Indusined Bank, Jammu and Kashmir Bank, Karnataka Bank, Karur Vysya Bank, Kotak Mahindra Bank, Lakshmi Vilas Bank, Punjab National Bank, Saraswat Bank, State Bank of India, Tamilnad Mercantile Bank, Union Bank of India, YES Bank, and AU Small Finance Bank.