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Is TradeLite Good or a Scam? Shocking Truth Revealed!

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TradeLite is Revolutionizing

Aditya Birla Money Ltd. has launched TradeLite, a new stocks and securities app. This next-generation app is designed to be lightweight and fast, with plenty of new features. Start investing in equity, gold, and ETFs, as well as trading futures and options on equity, commodities, and currencies.

TradeLite

TradeLite provides a variety of features, such as extensive stock analysis, real-time market data, and customisable watchlists. Users can also establish price alerts, monitor their portfolio’s performance, and access a variety of research studies and market data. The software is free to use and had more than 100,000 downloads making it a viable alternative for both new and seasoned investors. Overall, TradeLite for Share Market is a feature-rich and user-friendly programme that provides a variety of investment alternatives and capabilities. TradeLite’s user-friendly interface and robust features make it an excellent alternative for anyone wishing to invest or trade in the stock market. It has Pan India network of 31 branches and 1000+ franchisee outlets. TradeLite by Aditya Birla Money Ltd also provide tips related to the stocks. Aditya Birla Money Limited offers the Margin Trading Facility (MTF), one of the most appealing tools in today’s financial markets since it allows investors to leverage their assets for increased purchasing power and market exposure. Traders can gain access to greater cash without paying the whole amount up front, lowering risk and raising earnings.

Features

Tap Tap your way into Super-Fast Trading

The all new 2 tap app, TradeLite, is designed for a lightweight and fast trading experience.

Clean & Clutter Free

  • Design Interface
  • A brand-new simplified UI making the app a seamless trading experience
  • Use Dark or Light Mode in App based on your preference
  • Access any feature across the app in 2 taps

All your trading is done in one place.

  • Invest in equity, ETFs, futures, options, currency, or commodities.
  • Access reports such as portfolio and net positions with a single tap.
  • Use the watchlist to access features such as top 5 buyers/sellers, charts, price alerts, OHLC, and pivot levels.

Lightning Fast Order Placement

  • 2 Taps and that’s it – Place orders in less than 60 secs
  • Single Click to Kill All Positions if needed
  • Track Positions, Profit / Loss, and manage your portfolio in real time

Advanced charting allows for quick decision-making.

  • Identify movers and shakers of the market in real time
  • Make informed decisions with Options. Built-up scanners
  • Index and Stock Option Chain with OI Movement

Powered by TradingView charts, a comprehensive trading platform that provides traders and investors with cutting-edge analytical tools such as a screener and an economic calendar.

Market Analytics & Option Chain

  • Identify movers & shakers of the market realtime
  • Make informed decisions in Options with Built up scanners
  • Index & Stock option chain with OI movement

Pros of Tradelite

  • The interface is simple to use, allowing for straightforward purchasing and selling.
  • Trades are executed efficiently, resulting in a seamless trading experience.
  • Suitable for both new and experienced traders.
  • Features include a simplified login sequence (Biometric Authentication) and the opportunity to select a 4 or 6-digit pin for login.
  • TradeLite’s user-friendly interface and robust features make it an excellent alternative for anyone wishing to invest or trade in the stock market.
  • Availability of SGB with intelligent and secure investment avenues for gold.

Cons of Tradelite

  • Technical concerns reported during trading hours include app crashes, login troubles, and offline status.
  • Some customers had difficulty managing finances, including delayed reflections of new cash in the app.
  • Issues with chart view, such as empty charts and research errors.
  • Complaints concerning the app’s performance, such as frequent logouts, glitches, and delayed responses.
  • Users have reported a lack of some functionality when compared to other Aditya Birla Money apps.

Charges

Plan Name

Subscription

Brokerage per Order

Plan Validity

Segments

Trade20

Nil

Rs. 20

NA

All

Trade5

Rs. 3,999 + GST

Rs. 5

1 year

All

Please note that the subscription fees for Trade5 are mentioned as Rs. 3,999 + GST, indicating that GST (Goods and Services Tax) is applicable on the subscription amount.

Account opening charges are free.
While other brokers charge between Rs. 300 and 500 + GST (full service or discount), they enhance the deal by saving you this amount when you open an account with ABML.

Value Added Tools and Services

Service

Cost

Call and Trade

Free

Web portal & Mobile app

Free

ABML Research

Free

Research from non ABML analysts

Free

Portfolio analyser

Free

Portfolio Optimizer

Free

Option strategy

Free

Thematic portfolio

Free

Model Portfolios

2% of the amount

Demat Account Maintenance Charges

Enjoy more DP AMC free years with Tradelite premium plans.

  • one-time fee of Rs. 499 + gst – no AMC for 5 years
  • one-time fee of Rs. 999 + gst – no AMC for lifetime

Most top brokers, whether full-service or bargain brokers, charge AMCs ranging from $300 to $700 per month plus GST. However, with ABML, you can avoid recurring annual costs for 5 years or lifetime, depending on the package you select. Normal DP AMC scheme – Rs. 37 per month + GST – applies only if you have DP transactions/holdings in your demat account throughout the month.

Ratings

  • In App store: 3.8 rating out of 5, 44 reviews
  • In play store: 3.6 out of 5, 438 reviews

Helpline and website

Tel:+91-44-49490000/ 4949 0200 | Website: stocksandsecurities.adityabirlacapital.com

Conclusion

To summarise, Aditya Birla Money Ltd.’s TradeLite app provides a feature-rich and user-friendly platform for investing and trading in stocks and securities. However, some users have reported technical concerns and performance issues, such as app crashes, login issues, and delayed responses. Subscription options and value-added tools offer flexibility and cost savings, but users should be aware of the app’s potential risks. It’s worth mentioning that there are disparities in the app store reviews, with some pointing to possible phoney reviews based on identities and ratings. As a result, users should exercise care and perform extensive study before depending only on the app to make investing decisions.


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