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AsthaTrade Review – Features, Pros, Cons, Charges and More

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Table of Contents

AsthaTrade Features

AsthaTrade Pros

AsthaTrade Cons

AsthaTrade Account Opening and Demat Charges

AsthaTrade Brokerage Charges

AsthaTrade Trading Platforms

AsthaTrade Customer Support

Conclusion

AsthaTrade, a private trading company, emerged in 2005 under the leadership of Saksham Dumra. With its headquarters situated in Bhopal, Madhya Pradesh, AsthaTrade has established itself as a prominent player in the trading industry. Since its inception, the broking firm has been dedicated to providing comprehensive trading solutions to its clients. Here is a detailed AsthaTrade review that will help you know all about its features, pros, cons, charges and more.

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AsthaTrade Review: AsthaTrade Features

AsthaTrade offers a range of features to cater to various trading needs.

  • It allows users to engage in equity delivery trading, equity intraday trading, equity futures trading, equity options trading, currency trading, and commodity trading.
  • Additionally, AsthaTrade provides access to IPO (Initial Public Offering) investments.
  • Its depository services are offered through both the Central Depository Services Limited (CDSL) and the National Securities Depository Limited (NSDL), ensuring a secure and reliable platform for customers’ investments.
  • Detailed stock analysis and investment advice for clients are available.

AsthaTrade Review: AsthaTrade Pros

  • AsthaTrade is a trustworthy stockbroker in India.
  • It is registered with SEBI (Securities and Exchange Board of India), which is a requirement for stockbrokers. It is considered safe for trading, similar to other legally registered stockbrokers.
  • It has been operating in the stock trading business since 2005, indicating its experience in the field.
  • The trading exposure offered by AsthaTrade is up to 10 times the invested amount.
  • AsthaTrade can be a good option for beginners, as they often prefer low-cost stockbrokers.
  • AsthaTrade is a full-service broker, which can be beneficial for beginners.

AsthaTrade Review: AsthaTrade Cons

  • It does not offer stock suggestions or robo advisory services.
  • Similarly, AsthaTrade does not provide Portfolio Management Services (PMS) or act as a trading institution.
  • AsthaTrade does not support forex trading, banking services, or insurance-related activities.
  • It does not facilitate mutual fund investments or Systematic Investment Plans (SIP).
  • The brokerage charges may be on the higher side for beginners.

Take a break from our AsthaTrade review. Read and know – Stocks, IPO or Mutual Funds: Which is the Better Investment Option for You?

AsthaTrade Review: AsthaTrade Account Opening and Demat Charges

AsthaTrade offers its customers an account opening facility for trading with a charge of Rs. 650. Also, it imposes an Annual Maintenance Charge (AMC) of Rs. 300 for their Demat account, which ensures the proper maintenance of securities held by customers. However, it does not charge any AMC for the trading account, which is a beneficial feature. To begin trading, customers are required to maintain a margin money balance of Rs. 5,000.

The company also provides the convenience of transitioning from offline to online trading, although charges may apply for this service.

AsthaTrade Review: AsthaTrade Brokerage Charges

AsthaTrade applies various brokerage charges to its customers.

Commodity Options Charges

For commodity options, the brokerage charge is 0.01% of the total turnover. Also, there is a minimum brokerage charge of Rs. 10 per executed order.

Transaction Brokerage Charges

Transaction brokerage charges are incurred on every transaction completed by the depository participant (DP). AsthaTrade levies a fee of 0.00280% of the total turnover as transaction brokerage charges.

SEBI Turnover Charges

SEBI, the regulatory authority for the security and commodity market in India, imposes SEBI turnover charges, which amount to 0.0002% of the total turnover.

Stamp Duty Charges

Stamp duty charges vary based on the state and the type of asset class being traded. A GST of 18% is applied to the total of brokerage and transaction charges.

Securities Transaction Tax (STT)

AsthaTrade charges 0.0126% of the total turnover as Securities Transaction Tax (STT). It is important to note that the specific amount for stamp duty charges can be obtained using the AsthaTrade Brokerage Calculator or by referring to the relevant state guidelines.

AsthaTrade Equity Brokerage Charges

AsthaTrade offers competitive brokerage charges for different types of equity trading.

Equity Delivery Charges

For equity delivery, the brokerage charge is 0.10% of the transaction value. This means that for every buy or sell order of shares held overnight, AsthaTrade charges 0.10% of the total value as brokerage fees.

Equity Intraday Trading Charges

For equity intraday trading, where positions are squared off on the same trading day, the brokerage charge is 0.01% of the transaction value. This applies to both buy and sell orders executed within the same trading session.

Equity Futures Trading Charges

Similarly, for equity futures trading, the brokerage charge is 0.01% of the transaction value. This includes futures contracts that are bought or sold for future delivery.

Equity Options Trading Charges

When it comes to equity options trading, AsthaTrade charges Rs. 10 per lot as brokerage fees. This applies to each options contract, regardless of the transaction value.

These brokerage charges are designed to provide customers with cost-effective trading options while engaging in equity trading through AsthaTrade’s platform.

AsthaTrade Currency Brokerage Charges

AsthaTrade offers competitive brokerage charges for currency trading. For currency futures, the brokerage charge is a minimal 0.01% of the transaction value. This ensures that traders can execute their trades without incurring hefty fees.

Also, for currency options trading, AsthaTrade charges a fixed rate of Rs.10 per lot. This transparent pricing structure allows traders to calculate their costs accurately and make informed decisions while trading currency options.

AsthaTrade Review: AsthaTrade Trading Platforms

AsthaTrade has both Desktop and Mobile Trading Platforms, with its Desktop Trading Platforms supported on Windows and Mac, while mobile users can access it via Mobile Browser, Android App and iOS App. As of now, there is no support for Windows app or any other mobile OS.

If you love our AsthaTrade review, you will also like to read on Brokerage free stock brokers in India.

AsthaTrade Review: AsthaTrade Customer Support

AsthaTrade offers various customer support features to assist its clients. While it does not provide a dedicated Relationship Manager or support for offline trading, it offers online trading capabilities, enabling customers to conveniently conduct their trades through the platform.

Although 24/7 support is not available, clients can reach out to the company’s customer service team via email for assistance.

Unfortunately, live chat support and a toll-free number are not provided. However, AsthaTrade has an extensive network of 118 support branches, ensuring that customers can access in-person support and guidance when needed.

Once you are done with our AsthaTrade review, you can open an account with Upstox.

Conclusion

We hope you liked our AsthaTrade Review? With a strong foundation built over the years, AsthaTrade has gained recognition for its expertise and reliability in the stock trading arena. A commitment to offering quality services has contributed to its success, making them a trusted AsthaTrade in the field of trading. There are many things to say in favor of the company which shows that you can opt for its services safely.


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