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Both the stockbroker Arihant Capital and Trade Plus Online offer various hi-tech amenities to help their investors. Only a relative analytical study between these brokers can focus on the areas, where an investor needs information.
This enlightening study between Arihant Capital vs Trade Plus Online highlights those areas to assist traders to make investing decisions.
Arihant Capital, a full-service broking firm, started its journey in 1992 in membership with NSE & BSE.
It enables trading in equity, commodity, and forex with its latest trading platform. Now having more than 150 branches around various cities of India.
Conversely, Trade Plus Online is a Discount Broker that started its journey in 2015. It offers various products in flat fee brokerage charges and currently listed under NSE, BSE & MCX.
- NRI Trading facility
- E-KYC facility is present.
- Facilitates investment in IPO, Bonds & Mutual Funds,
- Higher call & trade charges
- INFINI trading platform is not free
- Offers all possible asset options and wealth products.
- It is a commanding name in the commodity broking industry.
- Least brokerage on trading – INR. 20/-
- Facilitate investors to transfer funds to 25 banks.
- Provisions automated trading.
Comparison of Overall Aspects:
Comparing Trade Plus online vs Arihant Capital based on customer service review we get the below-mentioned information: We can see from the below table, that in all segments Trade Plus Online is a little step ahead of Arihant Capital.
|Overall Rating||3.5 out of 5||3 out of 5|
|Brokerage Charges||3.5 out of 5||3 out of 5|
|Trading Platform||3.5 out of 5||3 out of 5|
|Investments Offering||4 out of 5||3 out of 5|
|Customer Service||4 out of 5||3 out of 5|
|Broker Type||Discount Broker||Full-Service Broker|
|Exchanges Supported||NSE, BSE, MCX||NSE,BSE,MCX-SX,MCX,NCDEX|
Comparison of AOC & AMC:
Comparing Trade Plus online vs Arihant Capital based on AOC & AMC we get the below information. Trading AMC & DEMAT account opening fee for Trade plus online is free whereas, Arihant Capital offers DEMAT & trading account for free along-with trading AMC for free.
|Trading Account Opening Fees||200 Rupees||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||200 Rupees (First Year Free)||362 Rupees PA|
Comparison of Brokerage Plan:
Arihant Capital doesn’t offer any brokerage plan to the customer. But Trade Plus Online offers Multiple types and Monthly type brokerage plans to their customer. Details of brokerage plans are mentioned here below.
|Plan Types||TradePlusOnline||Arihant Capital|
|Multiple Brokerage Plans||✔||✖|
|Monthly Brokerage Plans||✔||✖|
|Yearly Brokerage Plans||✖||✖|
Comparison of Brokerage Charge:
Comparing Trade Plus Online vs Arihant Capital based on brokerage fee offering we get the below-mentioned information. We can see in the below table that Arihant Capital has a percentage based brokerage fee structure for its investors. Whereas Trade Plus Online has a flat fee-based brokerage plan. Also, both the broker doesn’t have any minimum brokerage charge available.
|Particulars||TradePlusOnline Brokerage||Arihant Capital Brokerage|
|Plan Name||Flat Fee Plan||Standard Trading Plan (Percentage Based)|
|Equity Delivery||Free||0.3% or 30 paisa|
|Equity Intraday||0.01% or 9 Rupees whichever is lower||0.03% or 3 paisa|
|Equity Futures||Flat Fee 9 Rupees||0.03% or 3 paisa|
|Equity Options||Flat Fee 9 Rupees||50 Rupees Per Lot|
|Currency Futures||Flat Fee 9 Rupees||0.03% or 3 paisa|
|Currency Options||Flat Fee 9 Rupees||20 Rupees Per Lot|
|Commodity Trading||Flat Fee 9 Rupees||0.03% or 3 paisa|
|Hidden Charges||No||Info Not Available|
|Funding||Yes – 24% interest PA||Info Not Available|
|Call & Trade Charges||75 Rupees Per Day Per segment or 1000 Rupees for unlimited call & Trade||Info Not Available|
Comparison of Transaction Charge:
Contrasting Trade Plus online vs Arihant Capital on transaction charge we get the below details. Here we can see that the transaction charge for Trade Plus Online is much higher than the transaction charge of Arihant Capital.
|Equity Delivery||330 Rupees Per Cr||325 Rupees Per Cr|
|Equity Intraday||330 Rupees Per Cr||325 Rupees Per Cr|
|Equity Futures||350 Rupees Per Cr||190 Rupees Per Cr|
|Equity Options||7500 Rupees Per Cr||5000 Rupees Per Cr|
|Currency Futures||165 Rupees Per Cr||110 Rupees Per Cr|
|Currency Options||6000 Rupees Per Cr||4000 Rupees Per Cr|
|Commodity||Non-Agri: 360 Rupees Per Cr |
Agri: 275 Rupees Per Cr
|Non-Agri: 260 Rupees Per Cr |
Agri: 175 Rupees Per Cr
Comparison of Account Feature:
Assessing Trade Plus Online vs Arihant Capital based on account feature we derived the below-mentioned table.
|3 in 1 Account Services||✖||✖|
|Algo Trading Services||✔||✔|
|SMS Alerts Services||✔||✔|
|Online Demo Services||✔||✔|
|Online Portfolio Services||✖||✔|
|Margin Trading Funding Services||✔||✔|
|Combined Ledger for Equity and Commodity Services||✖||✔|
|Intraday Square-off Time||3:15 PM||3:15 PM|
|NRI Trading Services||✔||✔|
|Other Services||Charting & Tech Tools -YES – INFINI POWER – MCX and Equities||NIL|
Comparison of Trading Terminal:
A trading terminal is an important part of any broker’s offering. Nowadays investors attract mostly over better & smarter technology. Here we have compared Trade Plus Online vs Arihant Capital based on their trading terminal offering.
|Desktop Trading Platform||NSE NOW, INFINI TRADER||Ari-Trade Speed (ODIN Diet)/Arihant NOW|
|Desktop Platform (Windows)||✔||✔|
|Desktop Platform (Mac)||✖||✖|
|Web Trading Platform||✔||✔|
|Web Trading Detail||https://infini.tradeplusonline.com/||https://arihantitrade.com/HTML5/|
|Mobile Trading App||Tradeplus Mobile||Arihant Mobile|
|Android Mobile App||✔||✔|
|iPhone Mobile App (IOS)||✔||✔|
|Android Tablet App||✔||✔|
|iPad App (IOS)||✔||✔|
|Trading Software Charges||Free||Info Not Available|
Comparison of Product:
Comparing Trade Plus Online vs Arihant Capital based on their product offering we derived this below information.
|Equity Cash and F&O facility||✔||✔|
|Currency Deravitives facility||✔||✔|
|Online IPO Application facility||✔||✖|
|Mutual Funds service||✔||✔|
|Bond / NCD facility||✔||✔|
|MF SIP Investment facility||✔||✖|
|Equity SIP Investment facility||✖||✖|
|Other Investment Options||NIL||NIL|
Comparison of Leverage:
Considering the Leverage/Margin we here have compared Trade Plus online vs Arihant Capital as below. It is important to go for the best company.
|Equity Delivery Leverage||Maximum 4x leverage on Equity Delivery with Margin Funding.||Info Not Available|
|Equity Intraday Leverage||Maximum 10x or 10% considering Variable and ELM.||Maximum 10x or 10% considering Variable and ELM.|
|Futures Leverage||1x means real SPAN + Exposure.||1x means real SPAN + Exposure.|
|Options Leverage||1x means real SPAN + Exposure in Sell and Premium Leverage in Buy.||1x means real SPAN + Exposure in Sell and Premium Leverage in Buy.|
|Equity CO Leverage||Maximum 10x or 10% considering Variable and ELM, no added Leverage for Cover Order.||Maximum 10x or 10% considering Variable and ELM, no added Leverage for Cover Order.|
|Futures CO Leverage||1x means real SPAN + Exposure Leverage, No added Leverage for Futures Cover Order.||1x means real SPAN + Exposure Leverage, No added Leverage for Futures Cover Order.|
|Options CO Leverage||1x means real SPAN + Exposure Leverage (Sell) or Premium Leverage (Buy), No added Margin for Options Cover Order.||1x means real SPAN + Exposure Leverage (Sell) or Premium Leverage (Buy), No added Margin for Options Cover Order.|
|Commodity Leverage||1x means real SPAN + Exposure in Sell and Premium Leverage in Buy.||1x means real SPAN + Exposure in Sell and Premium Leverage in Buy.|
Comparison of Customer Support:
Better customer support is nowadays a mentionable point to attract customers. Trade Plus Online & Arihant Capital is no exception to this. In terms of customer assistance, we have compared Trade Plus online vs Arihant Capital as below.
|24/7 Customer Service||✖||✖|
|Onine Live Chat||✔||✖|
|Toll Free Number||✖||✔|
|Customer Care Number||044-49427576 / 044-28214171||Info Not Available|
|Account Opening Process||Online/Paperless||Info Not Available|
|Customer Support Email||[email protected]||Info Not Available|
|Knowledge Center/ Education||support.tradeplusonline.com/support/solutions||Info Not Available|
|Head Office Address||Tradeplus Online,|
Ganga Griha 4th & 5th Floor, No.9 (old No. 6D) Nungambakkam High Road, Nungambakkam
Chennai – 600 034
|Info Not Available|
|Website||tradeplusonline.com||Info Not Available|
Comparison of DEMAT Account Feature:
Comparing Trade Plus Online vs Arihant Capital based on the DEMAT account feature we derived the below-mentioned information.
|DEMAT Account Annual Maintenance Charges(AMC)||900 Rupees for Ten Years||362 Rupees pa|
|Transaction Charges on Debit (Per ISIN)||0.02% of the transaction value (Min 15 Rupees and Max 200 Rupees)||0.04% of transaction value or 19 Rupees per transaction (whichever is higher)|
|DEMAT||50 Rupees up to five certificate (5 Rupees per additional certificate) ( Min 50 Rupees)||10 Rupees per certificate (Min 50 Rupees) + 50 Rupees courier charges|
|REMAT||15 Rupees for every hundred securities or 15 Rupees per certificate (whichever is higher) + ₹50 request charges||20 Rupees for every hundred securities|
|Pledge Creation||15 Rupees per transaction||0.04% (Min 50 Rupees)|
|Pledge Creation Confirmation||0.02% of the value (Min 50 Rupees)||Nil|
|Pledge Closure||0.02% of the value (Min 50 Rupees)||0.04% (Min 50 Rupees)|
|Pledge Closure Confirmation||0.02% of the value (Min 50 Rupees)||Nil|
|Pledge Invocation||0.02% of the value (Min 50 Rupees)||0.04% (Min 50 Rupees)|
|Failed Instruction Charges||15 Rupees||Nil|
Full-service broker Trade Plus Online & Arihant Capital both are renowned in their segments for various amenities they offer to the customers. Arihant Capital is renowned for being remarkable in terms of online assistance and economic charge. Whereas, Trade Plus Online is a trusted brand with millions of tech-savvy customers with reasonable charge structure. But choosing of broker should be done keeping in mind the exact & individual needs.