Current system To get higher exposure you can deposit the cash or use stocks in your demat account as collateral. When a client pledges the share to get extra intraday exposure or overnight position, the shares used to be transferred to the broker’s margin account (from client’s demat account to broker’s demat account for margin […]
Category: Demat Account
Upfront margin collection for cash segment just like derivatives
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 […]
Uniform Stamp Duty Rates as per Union Budget 2019-20
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 […]
How do I activate my dormant account?
An account is marked as Dormant if it is inactive or remains non-operational by its holder for more than 12 months. To reactivate your dormant account kindly refer to the video or follow the below procedure. Login to BOX back office You can see a popup as shown below. Click on “YES” if you want to […]
How can I modify my primary bank account online?
As per the regulations, In order to receive funds from the clients’ bank account, the specific account needs to be registered with us. You can have multiple bank accounts registered with us at any point of time and transfer funds to us from any of them. However, payments from us will be made only to […]
How are Delayed Payment Charges computed?
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 […]
How do I know my securities are safe with TradeSmart?
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 […]
How to check if my stocks are safe with my broker?
Below are few steps you could follow to make sure your holdings are safe with your broker. Monitor holdings at regular intervals. Ensure that your contact details (mobile & email ID) are updated with the depository. Check SMS sent by depository after every transaction in demat account. Once a month Depositories i.e. CDSL and NSDL […]
25 benefits of opening account with TradeSmart
Pricing Low cost, two different brokerage plans that match your trading needs Flexibility to change between any of the brokerage plans at any point of time. Trade in multiple markets & products No upfront fee or turnover commitment Zero hidden cost Brokerage calculator to help you calculate all costs upfront Zero Demat AMC charge for […]
