Know Your Broker: itradeonline Review, Brokerage Plans, Margins and Customer Care

itradeonline Products

The segments that you can invest in are equity, commodity, currency, futures, and options.

Equity
Commodity
Currency

Futures
Options

itradeonline Trading Softwares

A collection of software and applications that the broker offers to help you execute online buy/sell orders. These are the names of their portals and mobile apps.

iTrade (Mobile Trading App)
T5 (Browser-based Trading Website)
Trust Power (Installable Trading Terminal)

itradeonline Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

itradeonline Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, IPO platform, Bonds & Debt, Exchange Traded Funds, etc.

Mutual Funds
IPO Platforms
Bonds & Debt

Exchange Traded Funds
Insurance

itradeonline Additional Features

Extra features are provided by the broker at little or no extra cost. Like SMS Alerts, Margin Funding, Margin Against Share, etc.

3 in 1 Account
Free Recommendations
Free Research Reports

SMS Alerts
Margin Funding
Margin Against Share

itradeonline Pros

These benefits of iTradeOnline are highlighted below.

Lower intraday leverage than other discount stock brokers. Equity intraday leverage can reach up to 20x
Brokerage services at a low-cost Maximum Rs 20 brokerage per transaction. No turnover commitment. There are no upfront or prepaid brokerage fees. There is no minimum balance.
Trustline Security is our financial services provider. Trustline has more than 400 branches in cities.
Omnesys Trading Platform is used in the back-end (APIs, RMSs, OMS). Omnesys is India's best and most reliable provider of trading tools.
Trading platform that allows you to trade on the web, mobile, and terminal.
AMC Demat Account with Lifetime Free Access is Available for a One-Time Fee of Rs 1000
Advance order types, i.e. Cover orders are available.
When money is transferred through the payment gateway, the customer receives an instant trade limit.
You can get the 2-in-1 account (Trading +Demat Account).
Trading is available at NSE, BSE, and MCX.
With eKYC integration and Aadhar integration, the paperless instant account opening is possible.
All iTradeOnline customers have access to free research based on Technical or Fundamental Analysis.
NSE Cash segment offers short selling.
There are no additional charges for closing intraday or expiry trades by the broker.
No minimum brokerage. There is no minimum commitment. There are no prepaid plans.
Call & trade (Broker Assisted Trading) is free. Call & Trade is charged at Rs 20 by Zerodha and most other discount brokers.

itradeonline Cons

These are cons to iTradeOnline.

Bracket orders are not possible
For Mutual Funds investments, a separate account must be opened. Customers must have separate credentials to open an MF account.
Demat exchanges are higher than other discount brokers.
Support at Trustline Securities 400+ branches is not available to iTradeOnline customers. Support is only available online or by phone.
Online IPO, NCD, and Corporate bonds are not possible.
Retail customers cannot access trading API's.