Astha Trade Review

Category: Reviews | Author: Trading Brokers | Date: October 16, 2023

Established in 2005, Astha Trade has grown to become one of India’s leading brokers, offering a wide range of services to its clients. This article aims to provide an in-depth review of Astha Trade, examining key aspects such as regulation, platforms and tools, education, markets, account types, and funding options. Our goal is to equip you with the necessary information to make an informed decision about whether Astha Trade is the right broker for your trading needs. So, let’s delve into the world of Astha Trade and explore what it has to offer.

Pros & Cons

  • Regulated by SEBI, NSE, and MCX, ensuring a secure trading environment
  • Offers a variety of trading platforms and tools for a seamless trading experience
  • Provides educational resources, including blogs, webinars, and video tutorials
  • Access to multiple markets, including equities, futures and options, commodities, and currencies
  • Multiple funding options, including bank transfer, UPI, and Paytm
  • Some traders have reported issues with the broker's customer support
  • The broker does not have a huge active client base, which may raise concerns about its reliability
  • The recent changes in SEBI margin rules have impacted the broker's high margin offerings
  • No specific minimum deposit and withdrawal amounts for each funding method
  • The spreads on AsthaTrade's platform may vary depending on the market and financial instrument being traded

Summary 

Astha Trade

Astha Trade

Astha Trade is a prominent broker in the Indian financial market, with a history dating back to 2003. It is a regulated broker, with memberships in the National Stock Exchange (NSE), Multi Commodity Exchange of India (MCX-SX), and the Securities and Exchange Board of India (SEBI), the leading regulator of securities markets in India. Ensuring that it operates within the established guidelines and regulations. Astha Trade provides a variety of trading platforms and tools, including AsthaFlow, Flow Web Terminal, Dock Portal, and Tradetron. These platforms are equipped with advanced features and tools to facilitate efficient trading. The broker allows trading in a variety of markets, including stocks, futures & options, commodities, and currencies, offering traders the flexibility to diversify their portfolios.

Astha Trade offers a Demat account, which can be opened online instantly, with a process integrated with eKYC and Aadhaar for a hassle-free experience. For funding, Astha Trade provides a simple funds transfer process with a provision to use Paytm. It also offers a Margin Trading Facility (MTF) with a 4x margin at a 3.99% interest rate per annum, enabling traders to leverage their positions. Astha Trade stands as a reliable broker in the Indian financial market, offering a wide range of services and robust platforms, demonstrating its commitment to providing efficient trading services to its clients.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

Astha Trade is a reputable broker in the Indian financial market, operating under the stringent regulatory oversight of the Securities and Exchange Board of India (SEBI), the National Stock Exchange (NSE), and the Multi Commodity Exchange (MCX). SEBI, as the primary regulatory body for securities markets in India, has registered Astha Trade under the registration number INH000013332, ensuring its adherence to the rules and regulations set forth to protect investor interests and promote market development. In addition to SEBI’s oversight, Astha Trade’s memberships with the NSE and MCX, denoted by the membership IDs 12227 and 40000 respectively, further validate its operations. The NSE and MCX memberships allow Astha Trade to offer its clients access to a wide range of financial instruments for trading, including equities, futures, options, and various commodity derivatives. These regulatory affiliations provide a level of assurance to clients regarding the legitimacy and reliability of Astha Trade’s services, reinforcing its standing as a secure and trustworthy broker in the Indian financial market. For alternative options, please see a list of regulated brokers.

Platforms & Tools

AsthaTrade Platforms

AsthaTrade Platforms

AsthaTrade offers a variety of platforms to facilitate trading for its users. The platforms provided by AsthaTrade include:

  • AsthaTrade Flow: This is a mobile app that provides a seamless trading experience. It allows users to place trades from their mobile devices anywhere, anytime. The app also includes features such as order alerts, live ticks, and quotes.
  • AsthaTrade TradingView Portal: This is a web-based platform that allows users to trade from charts. It provides a range of features including multiple charts on the same screen, over 50 drawing tools for quick and easy analysis, and more than 80 technical indicators to spot the right trade.
  • ODIN Aero Terminal: This is another platform offered by AsthaTrade that allows users to place trades in multiple segments online. It also provides a range of features such as checking profit and loss, tracking market movements, and managing funds in the trading account
  • AsthaTrade Web Terminal: This web-based terminal allows users to trade directly from charts, offering a seamless trading experience. It is enhanced by advanced charts from TradingView, which comes with a comprehensive suite of tools and indicators.
  • DOCK: DOCK is an analytics platform designed to analyze all trades, apply for IPOs, manage funds, download reports, and make changes to personal (KYC) details.

In terms of tools, AsthaTrade provides a variety of features to assist traders in making informed decisions:

  • Drawing tools: These tools help traders visualize market trends and patterns, making it easier to analyze and interpret market data.
  • Margin Calculator and Brokerage Calculator: These calculators enable users to calculate required margins and brokerage charges
  • Technical indicators: Technical indicators are used to analyze historical price data and predict future price movements. AsthaTrade offers a wide range of indicators to help traders make informed decisions.
  • Advanced charts: AsthaTrade’s advanced charts provide a visual representation of market data, allowing traders to spot trends and patterns more easily.
  • Advanced Option Chain: This tool helps traders analyze options contracts for various financial instruments, providing valuable insights into potential trading opportunities.

Education

AsthaTrade provides a variety of educational resources to help traders at all levels improve their trading skills and knowledge. These resources include:

  • Blogs: AsthaTrade maintains a blog where they regularly post articles on a variety of topics related to trading and investing. These articles cover a wide range of subjects, from basic trading concepts to advanced strategies, and can be a valuable resource for both beginners and experienced traders.
  • Webinars: AsthaTrade hosts webinars where they discuss various trading topics. These webinars provide an opportunity for traders to learn from experts and ask questions in real-time.
  • Tutorials: AsthaTrade offers tutorials that guide users on how to use their trading platforms and tools. These tutorials can be particularly useful for new users who are not yet familiar with the platform.
  • FAQs: AsthaTrade’s website features a Frequently Asked Questions (FAQs) section where they provide answers to common questions about trading, their platforms, and their services. This can be a quick and easy way for traders to find information.
  • Customer Support: AsthaTrade provides customer support via live chat, phone, and email. Their support team can assist with any questions or issues that traders may have, and they also provide guidance on how to use their platforms and tools.

Markets

AsthaTrade offers its clients the opportunity to trade in a variety of markets. These include:

  • Equity Market: AsthaTrade provides a platform for trading in the equity market. This includes trading in stocks of various companies listed on the National Stock Exchange (NSE). Traders can buy and sell shares of companies in real-time.
  • Futures and Options Market: AsthaTrade also offers trading in the futures and options market. Futures are contracts to buy or sell a specific asset at a predetermined price at a future date. Options, on the other hand, give the holder the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific time period. AsthaTrade provides high margins for option buying, option writing/shorting, and trading futures.
  • Commodity Market: AsthaTrade provides a platform for trading in the commodity market. This includes trading in various commodities like gold, silver, oil, natural gas, and agricultural products on the Multi Commodity Exchange (MCX).
  • Currency Market: AsthaTrade also offers trading in the currency market. This includes trading in various currency pairs. Traders can speculate on the price movements of different currency pairs and make profits from the fluctuations in exchange rates.
  • Initial Public Offers (IPOs): AsthaTrade provides a platform for investing in IPOs, which allows investors to buy shares of a company directly from the company itself at the time of the IPO.

Accounts

AsthaTrade offers Trading and Demat accounts for its clients, which provides access to various markets, including equities, futures and options, commodities, and currencies. These accounts allow users to trade in equities, futures, options, commodities, and currencies. It provides access to the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), the Multi Commodity Exchange (MCX), and the National Commodity & Derivatives Exchange (NCDEX). The account opening process is integrated with eKYC and Aadhaar, making it quick and paperless.

The Demat account comes with several features and benefits, such as competitive leverage, zero brokerage on equity intraday trades, and no specific minimum deposit requirement. AsthaTrade provides a Margin Trading Facility (MTF) with up to 40 times leverage on intraday trades and up to 5 times leverage on delivery trades, allowing traders to leverage their positions and potentially increase their returns. The spreads on AsthaTrade’s platform may vary depending on the market and financial instrument being traded. However, the platform aims to provide competitive spreads to ensure a cost-effective trading experience for its clients.

Funding

AsthaTrade offers several methods for funding your trading account, each with its own unique features and benefits. Here are the various funding methods available:

  • Bank Transfer: This is the most common method of funding an account. You can transfer funds directly from your bank account to your AsthaTrade account. This method is secure and efficient, and the funds are usually available in your trading account within a few hours.
  • UPI: Unified Payments Interface (UPI) is a real-time payment system developed by National Payments Corporation of India. It allows you to transfer funds between any two parties instantly. With UPI, you can fund your AsthaTrade account instantly from your bank account using a mobile application.
  • Net Banking: Net banking is another convenient way to fund your AsthaTrade account. You can transfer funds directly from your bank account to your trading account using your bank’s internet banking facility. This method is secure and the funds are usually available in your trading account within a few hours.
  • Paytm: AsthaTrade provides a provision for funding your account using Paytm, a popular digital wallet in India. This method offers a convenient and quick way to transfer funds to your trading account.

Please note that the availability of these funding methods may vary depending on your location and the specific policies of AsthaTrade.

Conclusion

In conclusion, AsthaTrade emerges as a comprehensive and reliable trading platform in India. With robust regulation by SEBI, NSE, and MCX, it provides a secure trading environment. The platform’s diverse trading tools and educational resources cater to both novice and experienced traders. AsthaTrade offers a Demat account with competitive leverage and multiple funding options, ensuring convenience for its users. However, potential traders should conduct thorough research, considering all factors including fees and customer service, before choosing AsthaTrade as their broker. It’s also worth noting that while AsthaTrade offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

Astha Trade logo

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AsthaTrade is a well-regulated Indian broker offering a Demat account with access to various markets, competitive leverage, and multiple funding options.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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