TradeSmart Account Type

TradeSmart offers a variety of trading accounts tailored to meet the needs of different traders. Here are the types of accounts available:

• Micro Account
• Minimum Deposit: $50
• Maximum Leverage: 1:2000
• Spreads: From 0.7
• FX Commission: Zero
• Max Lot Size per Order: 5
• Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
• Trading Platforms: MetaTrader 5
• Standard Account
• Minimum Deposit: $300
• Maximum Leverage: 1:500
• Spreads: From 0.7
• FX Commission: Zero
• Max Lot Size per Order: 50
• Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
• Trading Platforms: MetaTrader 5
• Raw Account
• Minimum Deposit: $300
• Maximum Leverage: 1:500
• Spreads: From 0.0
• FX Commission: $2 (or $4 round turn)
• Max Lot Size per Order: 50
• Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
• Trading Platforms: MetaTrader 5
• VIP Account
• Minimum Deposit: $10,000
• Maximum Leverage: 1:400
• Spreads: From 0.0
• FX Commission: $1 (or $2 round turn)
• Max Lot Size per Order: 80
• Available Markets: 100+ products in FX, indices, crypto, commodities, and stocks
• Trading Platforms: MetaTrader 5
• Personal Account Manager: Yes

All accounts allow for micro lot trading, have a stop out level of 20%, and provide negative balance protection. Additionally, automated trading strategies (EAs), scalping, hedging, and news trading are permitted.

TradeSmart Broker Account Opening Process

Opening an account with TradeSmart is straightforward and can be done online or offline. Heres a step-by-step guide:

Online Account Opening

• Visit the TradeSmart Website: Navigate to the official TradeSmart website.
• Click on 'Open an Account': Select the option to initiate the account opening process.
• Fill Out the Application: Enter your name, email, mobile number, and PAN details.
• Verify Your Information: Your information will be verified through the central KYC portal.
• Upload Required Documents: Prepare and upload necessary documents including:
• Aadhaar card
• PAN card with photo
• Address proof (e.g., driving license, passport, utility bill)
• Latest 6 months bank statement
• Canceled cheque
• Passport-sized photo
• Submit the Application: After completing the above steps, submit your application.
• Account Activation: Your application will be validated, and you will receive your trading account credentials via email.

Offline Account Opening

• Download the Application Form: If you prefer offline, download the account opening form from the website.
• Fill in the Details: Print and fill out the required information on the form.
• Attach Documents: Include self-attested copies of the required documents.
• Courier the Application: Send the completed form and documents to the TradeSmart office address provided in the form.

Additional Information

• Account Opening Charges: ₹200 for trading account and ₹200 for demat account.
• Annual Maintenance Charges (AMC): ₹0 for the first year for demat account, ₹300 from the second year onwards.

Once your account is opened, you can start trading immediately, enjoying the benefits of TradeSmart's low brokerage fees.