Tradeplus Review

Category: Reviews | Author: Trading Brokers | Date: September 22, 2023

Tradeplus is an Indian-based online stock broker established in 1983, with its headquarters situated in Chennai, India. This brokerage firm specializes in offering a wide array of trading and investment services across diverse segments, encompassing equity, commodity, and currencies. Tradeplus is dedicated to providing demat and research services to its clients and extends its accessibility through a user-friendly mobile app, compatible with both Android and iOS devices. In this Tradeplus review, we will take a closer look at the broker’s features, pricing, trading platforms, and more to help you decide if Tradeplus is the right broker for you.

Pros & Cons

  • Margin Trading Facility for traders who want to take leveraged positions in the equity market
  • ETF Investment provides instant diversification across a range of assets and high liquidity
  • Zero brokerage trading plans in commodities, equity and options, and currency derivatives segments
  • Low AMC charge of Rs 90 per year for demat account services
  • Advanced trading platforms such as Infini Trading Solution and Rocket Trading Platform
  • Margin requirements for intraday trading and F&O trading
  • Limited funding options
  • Brokerage fees for options trading
  • No 3-in-1 account

Summary

Tradeplus Review

Tradeplus Review

Tradeplus is a discount broker that offers a range of trading and investment services. They offer two discount brokerage plans, Smart Flat 99 and Flat Pro 499, with unlimited volume, flat rate, 0% brokerage, and derivative trading plans, across all segments. They also offer zero brokerage monthly trading plans at just Rs. 899 for equity and equity derivatives. Tradeplus offers equity trading on BSE and NSE, with a lifetime free AMC account and zero brokerage fees for equity investments. They also offer a margin trading facility (MTF) for traders who want to take leveraged positions in the equity market. Tradeplus offers multiple funding methods for traders and investors to deposit funds into their trading accounts, including NEFT/RTGS/IMPS, payment gateway, and cheque payment. Tradeplus is a regulated broker that operates under the regulatory oversight of the Securities and Exchange Board of India (SEBI), which is the foremost authority in India’s securities market. They follow all rules and regulations prescribed by SEBI and the exchanges while placing instructions through Tradeplus.

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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

Tradeplus is a regulated broker that operates under the regulatory oversight of the Securities and Exchange Board of India (SEBI), which is the foremost authority in India’s securities market. SEBI plays a crucial role in safeguarding investors’ interests and maintaining the integrity of the financial system. As a regulated broker, Tradeplus meticulously adheres to SEBI’s rules and regulations, providing clients with a secure trading environment and the assurance that their investments are protected within the established regulatory framework.

Tradeplus is a member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Multi Commodity Exchange (MCX), and National Securities Depository Limited (NSDL). They are also registered with the Central Depository Services Limited (CDSL). They also levy penalties on trades performed without sufficient margin, net buy premium, physical delivery margins, and marked-to-market losses, as prescribed by the exchange. If you are seeking alternatives, it’s advisable to explore our list of regulated brokers to ensure you have a comprehensive view of available options that align with their specific trading and investment needs.

Platforms & Tools

Tradeplus provides a diverse selection of trading platforms to cater to the needs of its clients. These include NOW, and INFINI. These platforms grant clients access to real-time market data, advanced charting tools, and a range of features designed to facilitate well-informed trading decisions.

  • Infini Trading Solution: Tradeplus provides a comprehensive Infini trading solution, which is a desktop-based trading platform powered by NSE. Infini is the major platform that Tradeplus uses, and it is designed for all types of traders, from beginners to experienced.
    Infini Trading Solution

    Infini Trading Solution

    It offers advanced charting, customizable workspaces, and real-time market data. In addition to Infini Web and Infini Mobile, the Infini trading platform also offers features such as advanced charting, customizable workspaces, and real-time market data

  • Rocket Trading Platform: Tradeplus offers Rocket, a web-based trading platform that provides features such as real-time market data, advanced charting, customizable workspaces, and more.
    Rocket Trading Platform

    Rocket Trading Platform

    The Rocket trading platform is compatible across multiple devices, including browsers, desktops, and mobiles. It is cutting-edge, fast, and stable, making it easy for users to trade and invest in various financial instruments.

Education

Tradeplus offers a range of educational resources to help traders and investors improve their skills and knowledge. Here are some of the educational resources offered by Tradeplus:

  • TradePlus Academy: Tradeplus has an online trading academy called Trade Plus Academy, which offers courses and one-on-one sessions to help traders learn how to identify opportunities systematically and develop their existing trading skills. The academy provides a range of courses, including self-study courses, one-on-one sessions, and global market courses. They also offer an exclusive e-book called “Genius Trader Book” that provides insights into trading strategies and techniques.
  • YouTube Channel: Tradeplus has a YouTube channel that provides informative videos on various trading topics, such as options and futures, commodity options, and more. The videos are designed to help traders learn about different trading strategies and techniques, and they cover a wide range of topics.

In addition to these resources, Tradeplus also offers demos and tutorials for their trading platforms and tools, which can be helpful for beginners. For example, they have a YouTube video demonstrating the Rocketplus web platform.

Markets

Tradeplus offers a diverse array of markets, providing clients with a broad spectrum of options for trading and investment purposes. The company extends its services across the following segments:

  • Equity: Tradeplus offers equity trading on BSE and NSE. They provide a lifetime free AMC account and zero brokerage fees for equity investments.
  • Options: Tradeplus offers options trading on NIFTY, BANKNIFTY, FINNIFTY, and other segments. They provide easy buy call and put options, multi-leg options, and ready-made strategies.
  • Commodities: Tradeplus offers unlimited zero brokerage trading plans for commodities trading. They provide infinite trading at a fixed monthly fee in the commodities segment.
  • Currency: Tradeplus offers currency derivatives trading on NSE. They provide unlimited zero brokerage trading plans for currency derivatives trading.
  • Mutual Funds: Tradeplus offers online mutual fund investments. They provide a range of mutual fund schemes from various fund houses.
  • IPO: Tradeplus offers online IPO investments. They provide a seamless and hassle-free IPO application process.
  • Bonds and G-Sec: Tradeplus offers online bond and government securities investments. They provide a range of bonds and G-Sec from various issuers.

It is worth noting that Tradeplus offers a lifetime free AMC account and zero brokerage fees for equity investments. They also offer unlimited zero brokerage trading plans for commodities and currency derivatives trading. However, they charge brokerage fees for options trading, and the rates specified by SEBI and the exchanges will not exceed the brokerage rates.

Accounts

Tradeplus offers a comprehensive range of account types to cater to the diverse needs and preferences of its clients:

  • Equity Trading Account: With this account, clients gain access to the vibrant world of equity trading on major Indian stock exchanges. It empowers them to buy and sell stocks to build and manage their equity portfolios.
  • Commodity Trading Account: Tradeplus enables clients to venture into commodity trading, encompassing assets like gold, silver, and crude oil. This account provides opportunities for diversification and potential profits in the commodities market.
  • Futures & Options Trading Account: Clients looking to engage in derivative trading, including futures and options contracts, can do so seamlessly with this specialized account. It equips traders with strategic tools for managing risk and exploring various trading strategies.
  • Resident Demat Account: This essential account is required for holding securities in electronic form, facilitating secure and efficient trading and investment activities.
  • NRI Demat Account: Tradeplus offers 4-in-1 accounts tailored for Non-Resident Indians (NRIs). These comprehensive accounts include an NRI SB Account, NRI Demat Account, NRI Trading Account, and PAN Account, providing NRIs with a seamless trading and investment experience.
  • Foreign National Demat Account: Specifically designed for foreign nationals, this account type enables individuals from overseas to participate in India’s financial markets.

These diverse account options reflect Tradeplus’s commitment to ensuring that clients have access to the right tools and services to meet their unique financial objectives, whether they are residents, NRIs, or foreign nationals.

Funding

Tradeplus offers multiple funding options for traders and investors to deposit funds into their trading accounts. Here are some of the funding options and payment gateways offered by Tradeplus:

  • Payment Gateway: Tradeplus offers a payment gateway for traders to transfer funds into their trading account. The payment gateway is integrated with Razor Pay and covers a wide range of banks from which traders may transfer funds. Funds can be transferred only from the registered bank account which is linked to the trading account at the time of opening the account. The payment gateway charges a fee of ₹9/- + GST per transaction for payment through the payment gateway, ₹50/- + GST per instrument for cheque payments, and ₹50/- + GST per transaction for NEFT/RTGS/IMPS.
  • NEFT/RTGS/IMPS: Tradeplus also allows traders to transfer funds through NEFT/RTGS/IMPS. This can be done by adding Tradeplus as a beneficiary in the trader’s bank account and transferring funds to the Tradeplus account. The transfer can take up to 24 hours to reflect in the trading account.
  • Cheque Payment: Traders can also deposit funds into their trading account by sending a cheque to the Tradeplus office. The cheque should be drawn in favor of “Tradeplus” and sent to the Tradeplus office address.
  • Minimum Deposit: Tradeplus does not have a minimum deposit requirement to open an account. However, traders need to maintain a minimum balance of ₹1000 in their trading account to avoid inactivity charges.

Conclusion

Tradeplus is a prominent player in the Indian brokerage industry, offering a wide array of online trading services across various segments, including equities, commodities, currencies, and derivatives. Regulated by the Securities and Exchange Board of India (SEBI), Tradeplus prioritizes compliance with regulatory standards, ensuring a secure trading environment for investors. The brokerage firm’s commitment to education is evident through webinars, tutorials, and informative articles, fostering a supportive learning atmosphere. Tradeplus provides access to diverse markets, including equities, commodities, currencies, and derivatives, allowing clients to diversify their portfolios and explore various investment strategies. With a range of account types tailored to individual needs and multiple funding options, Tradeplus offers flexibility to its clients. However, it’s worth noting that while Tradeplus offers strong features, investors may consider alternative options, considering factors like track records. For a broader perspective, we encourage you to explore our trading broker reviews.

Tradeplus Logo

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Tradeplus is an online discount broker that offers investment services in NSE, BSE, and MCX across all the segments, including equity, derivatives, commodities, and currency. It provides a range of trading platforms and tools to help traders optimise their trading strategies. It also offers various investment options, such as mutual funds, IPOs, ETFs, etc. Tradeplus has a flat brokerage fee structure and does not charge any hidden fees or costs.

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


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