Latest update of 3rd September 2020: As per the exchange circular, it is decided not levy margin short penalty till 15th Sept, 2020. In derivative segments, collection of upfront margin from clients has been mandated for a long time. Now, SEBI has mandated the brokers to collect and report an upfront margin even for the […]
Central Government has simplified the collection of Stamp Duty process. A uniform Stamp Duty rate shall be charged across the states in stocks, derivatives, currencies and commodities. Collection shall be through Exchanges and Clearing Corporations. Earlier to this, the Stamp Duty was charged at the rate specified by your state government. We as broker used […]
Power of Attorney (POA) is a legal document which is required as per regulations for smooth operation of demat accounts such as debit of shares(selling), pledging, etc. Until we’ve received your POA, the stocks/bonds in your demat account will not be visible to you in any of the trading applications. They will only be visible […]
The DPC (Delayed Payment Charges) are levied in the following scenarios Ledger debit or Margin shortfall: DPC will be charged @ 0.05% per day on the margin shortfall/ledger debit. If there is no margin shortfall/ledger debit at the end of the day, these charges will not be levied. Cash component less than 50% in case […]
At TradeSmart, we want to assure all our clients that your securities are safe with us. Steps in place at TradeSmart to ensure security of clients shares Client securities at all times are kept in client’s demat account. We do not keep client’s securities in our pool account. We ensure that all communication regarding any […]
EquiMax facility is been suspended from 22-09-2017 till further notice. EquiMax is a product which provide exposure in equity delivery, where in you get upto 4 times exposure in delivery. Please refer our Trade Smart Online Blog for more information.