Is Tradeplus a Scam

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Tradeplus Stock Trading, Demat, Brokerage and Reviews 2020

19.56% 10,757 Clients

Tradeplus Account Opening Enquiry

Brokerage Free equity delivery trading (truly no commission) and Flat в‚№9 intranet and F&O trade brokerage. Get the offer

Tradeplus is an online stock broker (hybrid of traditional and discount broker) offering trading & investment at BSE, NSE and MCX. Tradeplus is famous for its unlimited zero brokerage trading plans which offer infinite trading at a fixed monthly fee in few segments. The unlimited trading plans are available in Commodities, Equity&Options and Currency Derivatives segments. Tradeplus also offer demat account services at a low AMC charge of в‚№90 per year. Tradeplus also offer Online Mutual Fund, IPO, Bonds and G-sec.

Tradeplus is online brand of Navia Markets Ltd. Navia Markets is offering financial services since 1983 and member of NSE since 1995. Company re-launched its services under an integrated online brand called Trade Plus in 2020.

Tradeplus offer a robust trading platform to its customer. The trading platform includes installable trading terminal (Exe), trading website and powerful mobile trading app. Tradeplus also offer NSE NOW platform to its customer in addition to its own trading platform Infini Power and Infini web and Tardeplus Mobile.

Tradeplus Ratings

Overall Rating 3.2/5
Fees 3.5/5
Brokerage 4.2/5
Usability 3.0/5
Customer Service 2.8/5
Research Capabilities 3.0/5

Based on 27 Votes by Tradeplus Customers

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Do you trade with Tradeplus? Rate Tradeplus

Information about Tradeplus account opening, Tradeplus open account, Tradeplus opening charges, Tradeplus account opening charges, Tradeplus account opening status, Tradeplus amc charges, Tradeplus account charges, Tradeplus account closure

Tradeplus’s Trading Platforms

Tradeplus offers 3 popular trading platforms along with verity tools to help investors and traders.

    INFINI Trading Solutions

INFINI Trading Solution is Tradeplus’s signature trading platform for trading, analytics and live market updates. This trading platform offers trading in Equity, Derivatives and Commodity segments at BSE, NSE and MCX. INFINI trading platform’s front end is developed in-house by Tradeplus in association with Darts India Ltd. It uses Order Management System (OMS) and Risk Management System (RMS) of build by Omnesys (Thomson Reuters).

INFINI Trading Platform comes with Trading Terminal (installable exe), Website and Mobile App for trading.

    INFINI Power

INIFINI Power is exe based installable trading terminal offering integrated trading and analysis across the segments and exchanges. The trading application is loaded with tools like technical analysis, fundamental analysis, live quotes, alerts and announcements.

Note that this software is available to customer at an additional cost.

INFINI Web

INFINI Web is a browser based trading website built with latest technology to offer all the features of trading terminal in a web browser. INFINI Web trading website offer trading & analysis across all the segments & exchanges (BSE, NSE & MCX).

Tradeplus Mobile

Tradeplus Mobile is a mobile trading app offering simple and feature rich trading experience on mobile phones. The mobile app offers integrated trading at BSE, NSE and MCX. The app also provides detail analysis, live data and all type of orders (including GTD and cover order).

NSE NOW Trading Platform

Tradeplus also offer NSE NOW completely for free to it’s customers in addition to its own trading platform powered by Omnesys. NOW is among the most reliable and fast trading platform built and maintain by NSE. It offers trading in Equity, Equity Derivatives and Currency Derivatives segments at BSE and NSE.

INFINI-TRADER (By Omnesys)

Powered by Omnesys Technologies, INFINI-TRADER is the trading platform for Commodity segment. This platform is offered free of cost.

INFINI MF

INFINI MF is a Mutual Fund analysis and investment platform. This platform offers Online Mutual Fund investment in ‘Direct’ scheme (with No Distributors Fee) at flat в‚№50 per month. No charge for investments upto в‚№25,000. Note that in Direct MF Investment scheme, customer earns over 1% more in comparison to traditional Mutual Fund investment where MF Provide pays commission to the broker or agent. Tradeplus also provides regular mode of investments for which there is no monthly Fee.

Get more info about Tradeplus INFINI MF detail.

In addition to trading platform, Tradeplus also offers Analytics and Alert tools.

AHA! Is an analytics tool designed for intraday traders. This tool analyzes the order placed by the customer and provide the analysis, patterns and risk profile to the trader. This helps trader in decision making.

AMS!

AMS or Alerts Management System is a tool provide by Tradeplus to set alerts on stock prices and get the SMS and Email alerts for в‚№2 per alert.

Read Tradeplus Trading Software Review for info about Tradeplus platform, Tradeplus trading platform, Tradeplus trading software, Tradeplus trading demo, Tradeplus Demo, Tradeplus download, Tradeplus software download, Tradeplus software, Tradeplus stop loss, Tradeplus trading and Tradeplus trading account.

Tradeplus Special Offers

Free Equity Delivery Trade + Flat в‚№9 intranet and F&O trade

Get free equity delivery trading (zero brokerage) and pay flat в‚№9 intranet and F&O trade brokerage. To open an account with Tradeplus, simply leave your contact information and Tradeplus representatives will call you.

Tradeplus Brokerage Charges 2020

  • Trading Account Opening Charges (One Time): в‚№199
  • Demat account Opening Charges (One Time): в‚№0
  • Demat Account AMC (Annual Maintenance Charges): в‚№90 per year (payable upfront)

Trading Brokerages

Tradeplus offer 2 brokerage plans or schemes.

  1. Infinite Trading Pack *
    • Equity Delivery : Free
    • Equity Intraday : 0.01%
    • Equity Future : в‚№799 per month
    • Equity Options : в‚№99 per month
    • Currency Futures : в‚№99 per month
    • Currency Options : в‚№99 per month
    • Commodity Futures : в‚№99 per month
    • Commodity Options : в‚№99 per month
  2. General Brokerage Pack (Brokerage for customer who don’t subscribe to Infinite Trading Plans)
    • Equity Delivery : Free
    • Equity Intraday : 0.01%
    • Equity Future : 0.01%
    • Equity Options : в‚№60 per lot
    • Currency Futures : в‚№20 per lot
    • Currency Options : в‚№60 per lot
    • Commodity Futures : 0.01%
    • Commodity Options : 0.01%

* Additional mandatory software uses charges, SMS Charges, Call & Trade Charges, Instant Trade Confirmation charges ect. are applied in addition to the brokerage and taxes.

Tradeplus Brokerage Charges

Tradeplus Charges Equity Delivery Equity Intraday
Brokerage Free 0.01%
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction / Turnover Charges в‚№330 per crore (0.0033%) (each side) в‚№330 per crore (0.0033%) (sale side)
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges в‚№10/Crore в‚№10/Crore
Stamp Charges* State wise State wise

Tradeplus F&O Brokerage Futures Options
Brokerage в‚№799 per month or 0.01% on turnover each side в‚№99 per month or в‚№60 per lot each side
STT 0.01% on Sell Side 0.05% on Sell Side(on Premium)
Transaction / Turnover Charges в‚№350 per crore (0.0035%) в‚№7500 per crore (0.075%)(on premium)
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges в‚№10/Crore в‚№10/Crore
Stamp Charges* State wise State wise

Tradeplus Charges Currency Futures Currency Options
Brokerage в‚№99 per month or в‚№20 per lot each side в‚№99 per month or в‚№20 per lot each side
STT No STT No STT
Transaction / Turnover Charges в‚№165 per crore (0.00165%) в‚№6000 (on premium) per crore (0.06%)
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges в‚№10/Crore в‚№10/Crore
Stamp Charges* State wise State wise

Tradeplus Charges Commodity Futures Commodity Options
Brokerage в‚№99 per month or 0.01% on turnover each side в‚№99 per month or в‚№60 per lot each side
STT 0.01% on Sell Side (Non-Agri) 0.05% on Sell Side (Non-Agri)
Transaction / Turnover Charges в‚№400 (0.004%) Nil
Goods and Services Tax (GST) 18% on (Brokerage + Transaction Charge) 18% on (Brokerage + Transaction Charge)
SEBI Charges в‚№10/Crore в‚№10/Crore
Stamp Charges* State wise State wise

Tradeplus Fee Structure:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty for all states in India and NRIs: * : Charged based on the state where customer lives. Visit Tradeplus website to check the stamp duty in your state.
  • Goods and Services Tax (GST) : This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Charges : This is charged at в‚№10 per Crore.

Other Charges by Tradeplus:

  1. Software charges for INFINI-POWER – Equity: в‚№499 per month or в‚№1999 for 6 months or в‚№2999 for 12 months
  2. Software charges for INFINI-POWER – MCX: в‚№249 per month
  3. Call & Trade: в‚№1000 per month
  4. Trade SMS confirmation: в‚№99 per segment
  5. Physical contract note is charged at в‚№50 per contact note. Electronic contact note though email is free.
  6. Cheque Bounce Charges 1% of cheque value (minimum в‚№250 and maximum в‚№1000).
  7. Modification charges в‚№113 for every address detail modification including bank update etc.
  8. DP charges for delivery based equity selling – 0.02% of Transaction Value, subject to Minimum of в‚№15 per Transaction & Maximum of в‚№200.
  9. Standard NSE charges, transaction charges and statutory levies are charged.

Tradeplus Demat Account Charges:

Tradeplus also provide Demat account DP services. Tradeplus’s charges for demat account transitions are as below:

ID Transaction Charges
1 Demat Account Opening Charges в‚№0
2 Stamp Charges payable upfront (at actuals) NA
3 Annual Maintenance Charges (AMC):
a. Individuals в‚№90 Per Year (Payable upfront every year)
b. Corporates в‚№1000 (Payable upfront every year)
4 Transaction Charges per ISIN (Market Trades):
a. Buy (Receive) в‚№0
b. Sell(Debit) 0.02% of Transaction Value, subject to Minimum of в‚№15 per Transaction & Maximum of в‚№200
5 Inter Depository Transfer (Off-Market Trades):
a. Buy (Receive) NIL
b. Sell(Debit) 0.04% of Transaction Value, subject to Minimum of в‚№30 Per Transaction
6 Demat (Per certificate) в‚№50 per DRF (up to 5 Certificates)
7 Remat (Per ISIN) в‚№15 per certificate
8 Courier charges per Demat/ Remat request в‚№50
9 Pledge Creation 0.02% of the value of the securities pledged, subject to minimum of в‚№50 per Transaction.
10 Pledge Closure 0.02% of the value of the securities pledged, subject to minimum of в‚№50 per Transaction.
11 Pledge Invocation 0.02% of the value of the securities pledged, subject to minimum of в‚№50 per Transaction.
12 Periodic Statement:
a. By Email Free
b. Physical
13 Adhoc / Non Periodic Statement Requests:
a. By Email в‚№10 per request
b. Physical в‚№50 per request (up to 10 pages). Additional page at в‚№5 + в‚№50 (Couier Charges)
14 Delivery Instructions:
a. First Delivery Instruction Book
b. Every Additional Booklet
15 Cheque Bounce/ Per cheque
16 Failed Transactions в‚№15 per transaction
17 Modification in CML в‚№100 per request
18 KRA Upload / Download

Check out Tradeplus Brokerage Charges, Fees, AMC, Transaction Charges. Get detail about Tradeplus pricing, Tradeplus brokerage calculater, Tradeplus brokerage, Tradeplus plans, Tradeplus brokerage review, Tradeplus brokerage plans, Tradeplus fund transfer, Tradeplus intraday brokerage, Tradeplus charges, Tradeplus charge list, Tradeplus charges calculator, Tradeplus prepaid brokerage plans, Tradeplus yearly charges, Tradeplus fees, Tradeplus yearly maintenance charge, Tradeplus option brokerage and Tradeplus trading charges.

Contact Tradeplus / Request Call Back

Brokerage Free equity delivery trading (truly no commission) and Flat в‚№9 intranet and F&O trade brokerage. Get the offer

Tradeplus Pros and Cons

Tradeplus Advantages

  1. Tradeplus is an online stock broker offering unlimited trading plans at flat monthly price as well as conventional brokerage plans where brokerage is charged in %.
  2. Tradeplus offer free equity delivery trading. Customer doesn’t pay any brokerage fee while buying / selling stocks in equity delivery (cash & carry) segment.
  3. Tradeplus INFINI trading platform is well designed and rich in features. This platform offers trading in all segments including commodity.
  4. NSE NOW trading platform is available along with its own INFINI trading platform. NSE NOW is available free of charge to all its customers.
  5. Tradeplus offers lower AMC on demat account. Customer pays only в‚№90 AMC per year.
  6. Unlimited Call & trade is available for flat в‚№75 per day or в‚№1000 per month.

Tradeplus Disadvantages

  1. In INFINI Trading Plan, the brokerage fee is just 99 per month for most segments but there are many hidden charges which make Tradeplus costlier broker in comparison to other discount brokers who charge fixed monthly brokerage.
  2. Charge extra monthly fee for trading software.
  3. Charges fixed monthly в‚№1000 for call & trade. Customer could also pay flat в‚№75 per day if he does not want to take monthly pack.
  4. Trade confirmation though SMS is charged at в‚№99 per month per segment.
  5. Tradeplus doesn’t offer per trade flat rate pricing like almost other discount brokers i.e. Zerodha’s в‚№20 per trade. This way, for casual investors, Tradeplus works like a traditional broker who charge brokerage in % of transactions.
  6. Tradeplus charge в‚№90 AMC on demat account while few other discount brokers offers в‚№0 AMC.

Tradeplus Exposure Margin

Tradeplus leverage for intraday, delivery, options, currency and commodities. Read Tradeplus exposure limit review .

Segment Exposure Margin
Equity Delivery Upto 4X
Equity Intraday Upto 33X
Equity Future Intraday leverage 2X | Cover Order Margin 3%
Equity Options Intraday Leverage of 2X
Currency Future Intraday Leverage of 2X
Currency Options 1X
Commodity Future Intraday Leverage of 2X
Commodity Options

Tradeplus Complaints received at BSE/NSE

Number of customer complained against Tradeplus (Navia Markets Ltd) share broker. The Tradeplus (Navia Markets Ltd) consumer complaints provide the summary of grievance which went to exchange for resolution.

Tradeplus Customer Complaints

Exchange Financial Year Number of Clients * Total Complaints **
NSE 2020-20 10,757 13
BSE 2020-19 318 1
NSE 2020-19 8,997 22
BSE 2020-18 786 1
NSE 2020-18 7,421 13
NSE 2020-17 5,752 6
NSE 2020-16 4,141 3
NSE 2020-15 3,854 21
NSE 2020-14 3,706 14
NSE 2020-13 19,476 1

* Number of active customers. As per SEBI guidelines each broker reports the detail of active clients to the exchange through unique client code (ucc) process every month.

** The total number of complaint received against the broker at the given exchange.

NRI Trading with Tradeplus

Tradeplus is one of the few stock brokers in India to launch online trading facility for NRI’s in the year 2000. Tradeplus today caters to many NRIs, PIOs and OCIs residing in countries such as UAE, Singapore, United Kingdom, Canada, USA, Australia, New Zealand, Malaysia, South Africa, Nigeria and Saudi Arabia.

Tradeplus has now re-launched its NRI services which provides simplified NRI & Demat account opening process. They provide personalized service in account opening by using latest means of communication i.e. whatsapp, online chat etc. Tradeplus also allows NRI’s to invest in Mutual funds in a simple and cost effective manner.

F&O Brokerage for NRI’s

The brokerage charges for NRI Futures is в‚№1,500 plus GST and for Options is в‚№99 Plus GST

Key benefits of opening NRI Trading Account with Tradeplus

  • Expertise of over 15 years in NRI Financial Services
  • Offers Equities, Derivatives, Mutual Funds, IPOs, Bonds & Corporate Deposits.
  • Open your account just in 10 days.
  • Get assistance with filing income tax returns in India.
  • Dedicated support provided by specialized team of relationship managers to help you build a strong portfolio

Documents required for NRI Trading & Demat Account

  • Copy of PAN card
  • Overseas address proof – Copy of Driving License/Foreign Passport/Utility Bills/Bank Statement (not more than 2 months old ) /Notarized copy of rent agreement/Lease agreement/ Sale Deed
  • Indian address proof, if any
  • Passport size photograph
  • In case of an Indian Passport: Copy of valid passport with place of birth as India, Copy of Valid Visa
  • In case of Foreign Passport: Copy of Valid passport/ Residence Permit, Copy of PIO/OCI card.

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Is Tradeplus a Scam?

Is Tradeplus a Scam?

Tradeplus is one of the newest brokers to appear on the binary options market and they have made quite a splash in the industry primarily because of the features they offer. Low financial requirements, excellent trading platform and incredibly high payouts are this company’s trump cards, so it seems pretty logical that they’ve already drawn a lot of attention to themselves. However, more careful traders will examine the broker’s website in search of a potential Tradeplus fraud. Perfectly reasonable if you don’t know the company, and we’re here to help. Our team has tested the security system and will give you a detailed report in the following paragraphs. Read on!

Is Tradeplus a Scam? | Regulated

Asking is Tradeplus a scam usually means that somebody wants to know whether or not money transfers on the broker’s website can be trusted. We tested both credit card methods (MasterCard and Visa) and bank wire transfers, with zero problems. Everything went very smoothly, especially when it comes to withdrawals which were executed very quickly (USD is the currency that can be used here). This is not very surprising because the company is regulated by VFSC, so we can be sure that they adhere to all trading rules and regulations. With all that in mind, we honestly think that there is no reason to wonder about any kind of Tradeplus scam. As a matter of fact, the thing we discuss in the following paragraph will convince you of that. Stay with us!

Tradeplus Account Opening Page

Is Tradeplus a Scam? | Pending regulation

Tradeplus is currently not available in the EU because the process of acquiring their CySEC license is not finished yet. Unlike some other brokers, Tradeplus have decided to postpone expanding on the European market until they have all the necessary documents. This just goes to show how much they care about their future clients because they don’t want to put them in an awkward position of trading with an unregulated broker. We have absolutely no doubt that they will get their license very quickly because they treat their clients with great care and respect, plus they already have one license to prove they are trustworthy. European traders can, therefore, expect an exciting new broker very soon, and if you want to learn what to expect from this interesting new company just read our Tradeplus Review 2020.

Tradeplus Home Page

Is Tradeplus a Scam? | Conclusion

So, is Tradeplus a scam broker? In a word – no. Although they are a new broker, they already have a license and are about to acquire a second one, too. All money transfers are executed quickly and safely, so your money will always get where it needs to be. After examining them closely, we believe this company to be a very pleasant surprise and a welcome addition to the binary options industry. There is no need for you to worry about Tradplus’ security system. Just open an account with them and start trading.

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