TradeSmart IPO Review - Charges, Easy Steps to Apply Online
TradeSmart Track Record Of Best Online Stock Broker In India
TradeSmart IPO Review - Charges, Easy Steps to Apply Online
TradeSmart is an Indian Discount broker house. It is a Mumbai based broker that offers various discount brokerage services in stock, commodity and the currency trading segments. The stock broker is a venture of VNS finance that has a long brokerage service experience of more than 20 years. VNS Finance is one of the traditional brokerage company that was registered at NSE in 1994 to offer its service to the Indian Stock, Currency and Commodity Market. It provides its service online through Franchise and Sub brokers
TradeSmart is a successful online business owner in Indian Stock market. It focuses on providing the best advanced technology with the high-level security in order to provide the best and enhanced trading experience to their customers. It has 75,000+ customers and an average turnover of Rs.8500+ crores daily.
TradeSmart provides the IPO services to its customers. IPO is a process by which a company offers its shares to general public for the first time to get listed on the stock exchange. The company sell its shares to raise the funds by inviting the institutional and investors to invest in the company and become the shareholders.
On the basis of Pricing, IPOs are divided in two types:
1. Book Built Issue- The company fix a price range and the investors have to bod within that price range. At the time of allocation, the price of the shares is fixed and then the shares are allocated accordingly.
2. Fixed Price Issue- The company fix the price and no bidding is involved. The allocation is done based on the allocation and the lottery system.
Apply in IPO by ASBA Process
1. Login to your net banking account with the login credentials.
2. Move to the investment options and select IPO.
3. Now, at the IPO page, select the IPO you wish to invest in.
4. Fill in the details such as PAN No., Demat Account Number and a number of shares and bid price.
5. Now, submit the application subject to the availability of clear balance in your bank account.
Apply in an IPO by using UPI
The stock broker does not offer IPO application services to its customers. Steps to apply in an IPO using UPI are:
1. Login to BOX under the portfolio menu, select the “IPO” option.
2. Click on BID to participate in the IPO offer from the list of current and upcoming IPO list.
3. Now, enter your UPI ID. Make sure that the UPI Id is mapped with your personal bank account. You are required to use the bank account that is linked to your trading account.
4. Place the bid.
5. In the final step, accept the mandate request on your UPI app.
TradeSmart does not provide the direct IPO investment service to its customer. But if the customer holds a demat and trading account with the stock broker then he can still apply in IPOs. After the SEBI’s mandate in Jan, 2016, all the application in IPO and FPO has to mediated through ASBA process through Self-Certified Syndicate Bank.
Frequently Asked Questions
CTS refers to the Cheque Truncation System. It is the system in which the flow of physical movement of the cheque will be eliminated in the cheque clearing process.
The member broker internally processes short delivery settlements between its clients rather than exchanging through buy in action.
All the signatures are mandatory as per the rules and regulations of SEBI.
NEST Trader and Fox Trader is the desktop trading platform of TradeSmart.
The payments will be transferred by NEFT or RTGS.
At the end of the day, you will receive an email from the electronic contract note. It will give all the transaction details including the expenses charged.
Yes, they have customer support phone service.
All the exchanges are required to collect the margin money for trading in the derivatives segments as per SEBI Regulations. It is also termed as the Initial Margin.
Office Address A-401, Mangalya, Marol Maroshi Road Andheri East Gamdevi, Marol, Anderi East, Mumbai, MH 400059
The account opening charges are ₹200 for MCX. An additional amount of ₹100 will be applicable in case the form is couriered from our end.
No, there are no minimum turnover commitments. You choose a trading plan most suited to your trading pattern and then you pay as per the plan chosen. There is no minimum turnover required from our side.
It provides two unique brokerage plans. The one is to trade @7 (for lesser volume traders) and the other is trade @ 15 (for big volume traders).
First login to the NEST Trading application, then go to the view order/trade reports. Then view RMS limits under the user options see net available cash balance.
The account opening fees is ₹400 that includes in all the three segments of Equity & F&O, NSE Currency as well as Mutual funds. It also includes the Demat AMC charges for the first year. The account opening fees for the Commodity Segment is ₹200.
It is a 4-digit telephone personal Identification number. It is used to verify the authenticity of the customers to allow instant access to call and trade facility.
Yes, TradeSmart does provide the facility of Algo Trading.
The customers will be informed if there is any shortfall in margin or debit balance, then you can pay that amount to avoid any convenience in trading.
Yes, TradeSmart is a listed company and was incorporated in the year 1994.
No, Tradesmart does not have branches.
Yes, you can place After Market Order with TradeSmart.
Yes, you can choose different pricing plans for Equity and Commodity segment.
It takes up to 24 hours except bank holidays.
If all your documents are proper as per the KYC norms, then it actually takes 3 working days after receiving the account opening form.
You can close your account either by filling the account closing form on the website or by downloading and printing it and then by sending it to the Mumbai Corporate Office address.
Yes, TradeSmart provides the combined ledger for the equity and commodity trading.
In case of the stock market trading do not deal with any foxed return schemes rather it depends on the investment planning and decisions. However, from various part researches and in long-run stock market trading provides an approximate revenue of 15% per year.
In this process the short delivery is settled by the Member broker internally among his clients instead by the exchange through buy-in auction.
No, we do not offer clients to participate in the auction market.
No, its not necessary to appoint a nominee at the time of account opening.
If you are unable to provide the bank statement then provide the self-attested copy of the welcome letter received from the bank that mentions your account number and other details. Make sure the cancelled cheque has your Name, IFSC Code and MICR No. printed on it.