Trade Smart Online is a discount broker based out of Mumbai offering their services in stock, currency and commodity trading segments.
Trade Smart is the discount broking arm of the VNS Finance who itself can be considered a full-service broker with over 20 years of experience in this field.
The broker is known to offer trading in Equity, currency derivatives, commodity and depository service segments to its customers. It has a client base of around 21,000 and claims to do a daily turnover of Rs. 2500 crore.
The broker is known to provide low brokerage plans for its users with various variations like flat fee brokerage plans, percentage-based plans, zero brokerage plans, etc.
We will discuss these plans in detail later in this review. Now let’s have a look at the trading software on offer from Trade Smart Online:
Trade Smart Online Trading Platforms
Most of the trading platforms on offer from Trade Smart Online are supported by 3rd party organizations but they have built an in-house trading application called SPIN along with its mobile app. Let’s have a look at these platforms in detail:
A comprehensive trading solution developed and supported by Omnesys Technologies, especially for heavy traders, NEST is an installable software that traders can install on their laptops or desktop computers. This platform offers a quick trading speed on top of features like:
- 2-level authentication
- A highly secure and encrypted trading environment
- Real-time access to trends and quotes of the market
- Allows placing, modifying, and canceling orders
- Allows access to orders, trades, and positions on a single platform
- Multiple orders including bracket orders(BO) and cover orders(CO)
- Create multiple watchlists to monitor specific stocks
- Instant bank transfer facility
The trading platform is also being licensed by many other discount brokers but has some issues with it that need to be addressed like the application is bulky and can sometimes take a long time to load causing a delay in placing orders.
Also, it is difficult for new traders to understand the various functionalities of this app and can be simplified a bit more.
A web-based platform, developed and maintained by National Stock Exchange of India (NSE), is offered by Trade Smart Online under a subscription license.
Traders don’t need to download or install and can access this platform from any web browser to use the services offered by this broker just by clicking on a link.
Offering a flexible and hassle-free experience, the platform allows direct access to NSE servers. Some features of this platform include:
- Ability to modify notifications and alerts as per individual preferences and trading patterns
- Notifications can be received through email or SMS
- Access to advanced technical charts supporting better judgments before investment or trade.
Customers can also NSE’s mobile application and trade on the go without any hassles as it is a very user-friendly app.
You can download the app by clicking here.
SINE Web is a browser-based trading software developed in-house by Trade Smart Online’s team of developers.
This software offers all the essential features required for faster trading and trend analysis. Here are the major features of this platform:
- Place multiple order types like BO and CO
- Various indicators help in trend analysis and customized charting tools.
- Access to multiple trade reports
- Fast funds transfer facility
- Create multiple watchlists and set price alerts of your favorite stocks.
- Create your own portfolio
- Trade inequities, currency, and commodities through one platform
SINE Mobile App
SINE Mobile App allows customers to trade from anywhere in the world provided they have a good internet connection. Here are some of the features of this app:
- Trading across segments such as equity, currency, commodities through a mobile app.
- Multiple types of market scanners and F&O strategies available in the app.
- Create multiple watchlists and set price alerts.
- Place Bracket Orders, Cover Orders and After Market Orders.
- Advance charting to help you identify trading opportunities.
- This app provides various indicators for detailed analysis like RSI, Moving Average, MACD, Bollinger Bands, etc.
- Instant funds transfer facility.
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