This article talks about FlatTrade’s offerings and how it stands out in the competitive world of online stock broking.

FlatTrade was established in 2004 and has acquired more than 12,000 clients since its inception.

Throughout this FlatTrade review, we will consider different types of FlatTrade charges, including account opening fees, brokerage charges, transaction fees, maintenance charges, and any additional costs associated with their services.

Broker Type Discount Broker
Active Clients 12,000+
Account Opening Charges Rs.200
AMC Free
Delivery Charges Free
Intraday Charges Free

FlatTrade - Company Overview

Company Type

Private

Headquarters

Chennai

Founder

Mr. K. Narayana Moorthy

Establishment Year

2004

Why trade or invest with FlatTrade?

Here are the key points highlighting why one should go forward with a FlatTrade account:

  • FlatTrade Stock Broking operates as a discount broker, offering competitive charges that can significantly reduce trading costs.
  • With no delivery or intraday charges, investors can make trades without worrying about additional expenses eating into their profits.
  • The broker allows the trader to open a FlatTrade account with Rs.200. This low entry barrier allows individuals to start trading without incurring high upfront costs, making it an attractive option for beginners or those looking to explore stock trading.
  • Unlike many traditional brokers, FlatTrade Stock Broking offers its customers the benefit of free AMC. This means that traders do not have to pay additional fees for maintaining their trading accounts, contributing to long-term cost savings.

FlatTrade Brokerage Charges

Brokerage Plan

Standard Plan

Subscription Charges

Free

Equity Delivery

Free

Equity Intraday

Free

Equity Future

Free

Equity Option

Free

Commodity Future

Free

Commodity Option

Free

Currency Future

Free

Currency Option

Free

FlatTrade Stock Broking offers a Standard Plan with brokerage charges that are completely free across various trading segments.

Whether it’s equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, or currency options, traders can execute their trades without incurring any additional brokerage fees.


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How to open a FlatTrade Demat Account?

  • Opening a FlatTrade Demat Account is a simple process. Just provide your information in the form provided below.
  • Once you submit the details, FlatTrade representatives will contact you to guide you through the account opening process.
  • During this procedure, you must provide specific documents for verification, including a copy of your PAN card, AADHAAR card, bank details, and other essential paperwork.
  • Once your documents have been successfully verified, your account will be opened, and you will receive your login credentials to access your account.

Types of FlatTrade Trading Platforms Provided

Web Trading Platform

Trading Terminal

NA

Algo Trading Platform

Available

Foreign Stocks Trading Platform

NA

Basket Trading Platform

NA

Mutual Fund Investment Platform

Available

Digital Gold Investment Platform

NA

Bonds Investment Platform

NA

FlatTrade App provides users with a range of convenient and feature-rich trading solutions.

With their intuitive Android and iOS apps, traders can trade easily on their smartphones, leveraging a user-friendly interface.

The web-based trading platform offers real-time market data, advanced charting tools, and a comprehensive suite of trading features.

For those interested in automated trading strategies, FlatTrade’s algo trading platform allows the execution of trades based on predefined algorithms.

Additionally, FlatTrade enables mutual fund investments, allowing users to diversify their portfolios and participate in the mutual fund market.

FlatTrade App & Trading Platforms Features

Wishlist

Yes

Real Time Updates

Yes

Portfolio Details

Yes

Online MF Buy

Yes

Research Reports

No

Global indices

No

Customised Recommendations

No

Stock tips

No

Interactive charts

No

Live market

Yes

Multi Profile Management

No

Robust & Secure Platform

Yes

In this FlatTrade review, have a look at the features of trading platforms and app of the broker:

FlatTrade App

Below we have listed some of the features related to the FlatTrade app:

  • The FlatTrade mobile app, available on Android and iOS devices, offers real-time updates, allowing users to stay updated with the latest market information.
  • The FlatTrade app allows users to create a Wishlist to monitor and track their preferred stocks or instruments.
  • Users can access comprehensive portfolio details on the FlatTrade apps.
  • This includes information on holdings, current valuations, profit/loss calculations, and overall portfolio performance.

FlatTrade Web Trading Platform

Have a look at the listed features of the FlatTrade web trading platform:

  • The firm offers a user-friendly web-based trading platform that provides comprehensive features, including real-time market data, advanced charting tools, and order placement capabilities.
  • Users can place buy and sell orders directly from the FlatTrade platforms.
  • The web platform also ensures users can access live market updates, including real-time quotes, indices, and market news.

FlatTrade Algo Trading Platform

The platform enables users to automate their trading strategies using predefined algorithms.

Traders can create, test, and deploy their algorithms to execute trades based on specific criteria and market conditions.

FlatTrade Mutual Funds Investment Platform

FlatTrade facilitates online mutual fund purchases, allowing investors to explore and invest in a wide range of mutual funds directly through the platform.

Investors can easily navigate different mutual fund schemes, access detailed information about each fund, analyze performance metrics and make informed investment decisions.

Flat Trade Offers

Free Account Opening

No

Free AMC

Yes

Free Brokerage

Yes

Flat Brokerage

Yes

Flexible Brokerage Plans

No

Happy Trading Hours

No

Free Delivery Trading

Yes

Free Intraday Trading

Yes

Free F&O Trading

Yes

Free Research Reports

No

Free Trading calls

No

Referral Offers

Rs.200 per Client

Margin Funding / Pledging

Yes

Brokerage Cashback

No

Zero Brokerage for Loss Making Trades

No

FlatTrade Offers

Below we have listed FlatTrade offers for the traders to explore:

  • FlatTrade provides the advantage of free Annual Maintenance Charges (AMC), allowing investors to maintain their trading accounts without incurring additional fees.
  • Traders can enjoy the benefit of free brokerage charges on various types of trades.
  • FlatTrade follows a flat brokerage model, ensuring that investors pay a consistent and transparent fee structure regardless of the trade size or value, simplifying cost calculations.
  • FlatTrade offers the convenience of free intraday trading, enabling traders to buy and sell stocks within the same trading day without incurring any brokerage charges.
  • Investors can engage in delivery-based trading without worrying about additional charges, as FlatTrade provides free brokerage for equity delivery trades.
  • FlatTrade extends the benefit of free brokerage charges to trading in Futures and Options (F&O), allowing traders to participate in derivative markets without incurring additional costs.

FlatTrade SWOT Analysis

Have a look at the detailed FlatTrade Swot analysis:

Strengths:

  • FlatTrade offers competitive charges and a fee structure that can significantly reduce trading costs, making it an attractive option for cost-conscious investors.
  • The broking scheme covers various trading segments, including equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, and currency options, which they provide free of cost.
  • It runs as a discount broker, which means they offer its services at a price lower than that provided by other firms.
  • FlatTrade offers zero brokerage charges, allowing traders to execute trades without spending extra money.
  • FlatTrade’s technical reports give it an edge, providing its clients with valuable insights into market trends, price patterns, and indicators.

Weaknesses:

  • FlatTrade lacks the provision of research reports, limiting the availability of in-depth market insights and analysis for traders and investors.
  • Unlike some competitors, FlatTrade does not offer free account opening, which may deter potential customers from seeking cost-saving opportunities.
  • FlatTrade does not provide personalized or customized recommendations, potentially leaving traders without tailored guidance based on their specific investment goals and risk preferences.

Opportunities:

  • With the growing popularity of online trading and the increasing participation of retail investors in the stock market, FlatTrade has the opportunity to tap into a larger customer base.
  • FlatTrade can explore expanding its offerings to include additional financial products and services, such as IPO investments, research reports, or wealth management solutions, to cater to a broader range of investor needs.

Threats:

  • Economic recessions or financial crises can have a detrimental effect on investor confidence and trading activity. FlatTrade may face reduced trading volumes and revenue during challenging economic periods.
  • As online trading involves transmitting and storing sensitive financial information, the threat of cybersecurity breaches is a significant concern. FlatTrade must continuously invest in robust security measures and protect against potential cyber threats to safeguard customer data and maintain trust.

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FlatTrade Review - Products Offered

Equity Delivery

Yes

Equity Intraday

Yes

Equity Option

Yes

Equity Future

Yes

Commodity Option

Yes

Commodity Future

Yes

Currency Option

Yes

Currency Future

Yes

Foreign Stocks

No

Mutual Funds

Yes

Banking

No

Insurance

No

Corporate Bonds

No

Govt. Bonds

No

Digital Gold

No

FlatTrade Review - Services Provided

Demat Services

Yes

Trading Services

Yes

Intraday Services

Yes

F&O Services

Yes

IPO Services

Yes

3 in 1 Account

No

Stock Research

No

Stock Recommendations

No

Trading Institution

No

Share Pledging

Yes

PMS or PCG

No

NRI Services

No

Flat Trade Research & Advisory

Fundamental Reports

No

Research Reports

No

Company Reports

No

Annual Reports

No

IPO Reports

No

Technical Reports

No

Stock Tips

Yes, Chargeable

Daily Top Stock Picks

Yes, Chargeable

Daily Market Review

No

Monthly Review

No

Weekly Review

No

Relationship Manager

Yes, Chargeable

Robo Advisory

No

FlatTrade offers a range of research and advisory services to assist traders and investors in making informed decisions. Here are the key features:

  • FlatTrade provides stock tips, insights, and recommendations on specific stocks or sectors. Please note that stock tips are chargeable.
  • FlatTrade Trading account allows you to look at daily top stock picks, highlighting stocks that show potential for favorable returns based on thorough analysis and market research. However, it’s important to know that accessing the daily top stock picks may come with charges.
  • FlatTrade provides the option to avail of the services of a dedicated relationship manager for personalized assistance and guidance. However, it’s important to note that the services of a relationship manager are chargeable.

FlatTrade Margin or Exposure or Leverage

Equity Delivery

1x

Equity Intraday

Upto 5x (Depends on Stocks)

Equity F&O Carry Forward

1x

Equity F&O Intraday

1.3x

Commodity F&O Carry Forward

1x

Commodity F&O Intraday

1.3x

Currency F&O

1x

Check out the list of FlatTrade margin options for the traders:

  • FlatTrade offers a margin of 1x for equity delivery, equity F&O carry forward, commodity F&O, and currency F&O trading, which means traders can trade with their available funds without any additional leverage.
  • For equity intraday trading, FlatTrade provides leverage of up to 5x, subject to certain conditions and depending on the specific stocks being traded.
  • FlatTrade provides a margin of 1.3x for intraday trading in equity and commodity futures and options.

FlatTrade Review - Programs

Sub Broker Program

Yes

Partner Program

Yes

Referral Program

Yes

FlatTrade Review & Rating by Finec.in

Overall Rating

6.20 / 10

Customer Support

6.17 / 10

Technology

6.27 / 10

Charges

6.22 / 10

Products & Service

6.16 / 10

Experience

6.15 / 10

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Flat Trade Customer Support

Trading Support

Yes, Chargeable

Dedicated Dealer

Yes, Chargeable

Call Support

044-45609696

Email Support

help@flattrade.in

Whatsapp Support

NA

Website Support

Facebook Support

Twitter Support

Telegram Support

Branches / Offices

NA

Here are some FlatTrade customer care channels for the traders:

  • FlatTrade provides trading support services to customers. However, please note that there may be charges associated with accessing this support.
  • FlatTrade offers the option to assign a dealer to customers who require personalized assistance. This chargeable service provides a more tailored approach to address specific trading needs and queries.
  • Call: Customers can contact FlatTrade’s customer support team by dialing 044-45609696 to seek assistance over the phone.
  • Email: Customers can reach out to FlatTrade’s customer support via email at help@flattrade.in to communicate their queries or concerns in writing.
  • FlatTrade maintains a presence on social media platforms like Telegram, Facebook, and Twitter. Customers can connect with FlatTrade through these channels to stay updated on the latest announcements, news, and support-related information.

Flat Trade Complaints & Feedback

Total Complaints Lodged

9

Total Complaints Resolved

9

% of Resolved Complaints

100.00%

Non Actionable Complaints

0

% of Non Actionable Complaints

0.00%

There are officially nine FlatTrade complaints, all of which have been successfully resolved, demonstrating a commendable 100% resolution rate.

This indicates the broking firm’s commitment to addressing customer concerns promptly and effectively.

By promptly resolving all lodged complaints, FlatTrade showcases its dedication to providing satisfactory customer service and ensuring a positive trading experience for its clients.


FlatTrade Charges

FlatTrade offers transparent and competitive charges for various account opening, trading, and pledging services.

The FlatTrade account opening charges are Rs.200, ensuring an affordable entry point for new customers.

Regarding trading, FlatTrade applies STT (Securities Transaction Tax) and CTT (Commodity Transaction Tax) charges based on the specific segments.

  • Pledge-related charges include Rs.50 per scrip for pledge creation and Rs.25 per scrip for pledge invocation.
  • Additionally, interest on margin trading is set at 0.072% per day.
  • It’s important to consider FlatTrade hidden charges such as SEBI turnover charges, DP charges of Rs.20 per scrip on sell transactions, and GST of 18% on brokerage, SEBI charges, and transaction charges.

FlatTrade Account Opening Charges

Account Opening Charges

Rs.200

Annual Maintenance Charges (AMC)

Free

FlatTrade STT & CTT Charges

Equity Delivery

0.1% on buy & sell

Equity Intraday

0.025% on sell

Equity Future

0.0125% on sell

Equity Option

0.125% on buy, 0.0625% on sell

Commodity Future

0.01% on sell

Commodity Option

0.05% on sell

Currency Future

Nil

Currency Option

Nil

FlatTrade Stamp Duty Charges

Equity Delivery

0.015% on buy

Equity Intraday

0.003% on buy

Equity Future

0.002% on buy

Equity Option

0.003% on buy

Commodity Future

0.002% on buy

Commodity Option

0.003% on buy

Currency Future

0.0001% on buy

Currency Option

0.0001% on buy

FlatTrade Transaction Charges

Equity Delivery

0.00325% (NSE) & 0.00375% (BSE)

Equity Intraday

0.00325% (NSE) & 0.00375% (BSE)

Equity Future

0.0019% (NSE & BSE)

Equity Option

0.05% (on premium)

Commodity Future

0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)

Commodity Option

0.05% (Non Agri)

Currency Future

0.0009% (NSE) & 0.00025% (BSE)

Currency Option

0.035% (NSE) & 0.001% (BSE)

FlatTrade Pledge Charges

Pledge Creation Charges

Rs.50 per Scrip

Pledge Invocation Charges

Rs.25 per Scrip

Interest on Margin Trading

0.072% per day

FlatTrade Hidden Charges

SEBI Turnover Charges

Rs.10/ Crore (All Segment)

DP Charges

Rs.20 per Scrip on Sell

GST

18% on (Brokerage + SEBI + Transaction charges)

Account Closure Charges

Nil

Reactivation Charges

Nil

Dematerialisation Charges

Rs.18 per Certificate

Call & Trade Charges

Rs.50 per Trade


FlatTrade Review – Conclusion

In conclusion, FlatTrade emerges as a competitive broking platform with its affordable account opening charges and transparent fee structure.

It offers a range of features such as free brokerage, margin trading, and research services (chargeable).

With a commendable track record of resolving customer complaints and a strong commitment to customer support, FlatTrade strives to provide a satisfactory trading experience.

Traders can leverage its user-friendly platforms and tools while being mindful of additional charges for certain services.

This FlatTrade review will help you in knowing about the broker and its charges in detail, and we hope that all your queries about FlatTrade broker will be resolved by now.


FlatTrade FAQs

Here are some FAQs related to the FlatTrade Review:

Is FlatTrade a Safe Broker?

Yes, FlatTrade stands as a secure and reliable brokerage firm.

Is FlatTrade Good for Beginners?

FlatTrade can be a suitable choice for beginners due to its user-friendly platforms, competitive fee structure, and all-inclusive support.

How many active clients does FlatTrade have?

The company has 12,000+ clients.

Who is the Founder of FlatTrade?

Mr. K. Narayana Moorthy founded FlatTrade in 2004.

Does FlatTrade provide Free Delivery Trading?

Yes, they offer free Delivery Trading.

What are Intraday Trading Charges in FlatTrade?

There are no charges for Intraday Trading at FlatTrade.

What are FlatTrade F&O Charges?

There are no F&0 charges associated with FlatTrade.

Does FlatTrade charge for Commodity Trading?

No, they don’t charge for Commodity Trading.

Does FlatTrade charge for Currency Trading?

No, Currency Trading has no charges as well.

Does FlatTrade provide Research?

No, they don’t provide research facilities.

How to contact FlatTrade Customer Care?

You can reach FlatTrade Customer Care by calling their helpline number at 044-45609696. Another option is to send an email to help@flattrade.in. You can also contact them on Telegram, Facebook, and Twitter.

How much is AMC in FlatTrade?

The Annual Maintenance Charges associated with FlatTrade are zero.

What are Account Opening Fees in FlatTrade?

Account opening costs Rs. 200 at FlatTrade.

What are Pledge Creation Charges in FlatTrade?

The Pledge Creation Charges are Rs.50 per Scrip.

How much are Pledge Invocation Fees in FlatTrade?

The Pledge Invocation charges are Rs. 25 per Scrip.

Does FlatTrade levy any Interest on Margin Trade Funding?

Yes, the interest taken on margin trading is 0.072% per day.

What are DP Charges in FlatTrade?

Rs.20 per Scrip on Sell are the DP charges in FlatTrade.

Does FlatTrade levy any Account Closure Fees?

FlatTrade does not charge any fees for closing an account.

What are Account Reactivation Fees in FlatTrade?

FlatTrade doesn’t charge any fees for account reactivation.

What are Call & Trade Charges in FlatTrade?

The Call & Trade Charges are Rs. 50 per trade.


 

Customer ratings and reviews of Flat Trade

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