Inditrade is a Kochi (earlier Cochin) based full-service stockbroker and was established in the year 1994 (in the name of JRG Securities). The broker has gone through various transformations, especially in equity and commodity segments. As of now, the brokerage house has a relatively stronger hold in southern parts of the country and has a reasonable number of branches and offices in these areas.
The broker is a member of NSE, BSE, MCX, MCX-SX and NCDEX, IPSTA and allows its clients to invest and trade across the following segments:
Inditrade Trading Platforms
Inditrade Capital provides different trading platforms at both out-sourced and in-house levels to its clients. Thus, you have the flexibility to pick a trading software as per your preference. Here are the details:
ODIN Trader Workstation
ODIN Trade workstation is a third party terminal based application that requires you to download an EXE file from the website of the broker. Then, by following few steps, you can install this software onto your computer or desktop. It incorporates appealing features and works on advanced technology which facilitates higher accessibility, ensuring speedy performance and advanced risk management.
Here are some of the features of the application:
- Integrated Market Watch for Multiple Exchange and Exchange Segments
- Basket Trading
- Arbitrage Watch
iTrade Web application
This is a web-based trading application from the house of IndiTrade and provides some basic features to trade, here are the details:
- Real-time streaming of different indices
- You can trade and invest in different segments such as Equity, currency, commodity etc.
- Lightweight application with minimal configuration required
MTrade Mobile App
Inditrade Capital offers a couple of in-house designed and developed mobile trading apps to its clients. Here are the details:
MTrade - Trade On The GO
This mobile app from the full-service stockbroker is available across different operating systems including iOS, Android, and Blackberry for compatibility across different devices. As far as the features are concerned, this application allows you to:
- Place, edit, cancel orders
- View complete details about the particular scrip along with charts for detailed analysis
MTrade - Trade On The GO Pro
This mobile app is an updated version of the mobile app - Mtrade - trade on the Go. Apart from better design and navigation flow, this mobile app provides the following features:
- Better look and feel
- Wider range of features
The full-service stockbroker offers the following communication channels to its clients:
- Toll-free number
- Offline branches
As a full-service stockbroker, Inditrade does a reasonable job when it comes to the quantity part as the number of communication channels is pretty wide. However, when it comes to quality, things like first callback post details insertion, the response at social media and Google play store or skill sets of the executives, the broker has a lot to improve upon.
If you are looking for research, recommendations, and tips, then Inditrade certainly fulfils that requirement for you. At the same time, the broker has done clean segregation of different types of reports across segments to avoid any confusions to the users.
These are the different reports that the broker provides to you:
- Daily morning notes - Morning wrap-up
- Derivatives trade
- Derivatives trade report
- Chart picks
- Evening newsletter
Now, let's talk about the meat of the discussion - Pricing.
Before you finalize a broker for yourself, it needs to be understood that whether the service provided by the broker is value for money or not. And when it comes to money, there are ample types of charges that you are required to pay. The details have been discussed below.
Inditrade Account Opening Charges
Use this Inditrade Brokerage Calculator for complete charges and your profit
For rest of the information, you can check the detailed review of IndiTrade