Astha Trade is a discount stock broker based out of Bhopal, Madhya Pradesh. Established back in 2005 as a full-service stockbroker, Astha Trade has physical locations across 100+ cities of India through its sub-broker and franchise network.
The broker is known to provide high exposure or leverage to its clients across multiple segments.
Let’s find out more details about this broker is this review.
Astha Trade Review
Furthermore, funds transfers have been made pretty simple by the broker with a provision to use Paytm as well. Astha Trade has a membership with NSE, MCX-SX and NCDEX and allows its clients to trade across the following segments:
“Astha Trade has a total of 8,948 active clients for the financial year 2019-20.”
The broker does not have a huge client base, especially the “active” client base. Thus, from this perspective especially the broker needs to bring its tempo up to the mark.
Astha Trade Trading Platforms
Astha Trade offers multiple trading platforms across devices with most of these being third-party trading softwares. Here are the details:
Astha Trade ODIN Diet
ODIN Diet is a terminal-based trading application that can be downloaded and installed on a client’s laptop or desktop. This software has been developed by FinTech or Financial Technologies and is one of the most reliable terminal based trading softwares. Some of the features of the platform are:
Real-time information and updates from multiple indices
User interface themes open to customization
Unlimited scrips can be placed under market watch
Integration with Mutual fund and IPO investments
Here is how the software ODIN Diet looks like:
Astha Trade iWin Mobile Trading app
iWin Mobile App is another trading platform from the house of FinTech or Financial Technologies. It is an “okayish” mobile app with some decent features for trading. The app, however, has a lot to improve as far as user experience is concerned. Some of the features of the mobile app are:
This is the web-based trading application from Financial Technologies that Astha Trade has got the license to use by its clients. Users don’t need to download or install any software to access this application and the user just needs to enter his/her credentials to enter into the system and start trading. Some of the features of the application are:
Highly secure to use
Support across multiple languages
Order placements across segments and exchanges available
This is how the application looks like:
Astha Trade NSE Now
NSE Now is a web-based trading application that can be accessed from a user’s browser. There are no downloads/installs required. The user just needs to hit a particular link, enter the credentials and get started with trading. The application has been developed by NSE and is licensed to brokers such as Astha Trade.
Users can access features such as:
Smart order routing,
Historical, real-time and intra-day charting tool for technical analysis
A built-in risk management system that keeps the complete trading experience safe
This is how NSE Now looks like:
Astha Trade NSE Mobile
NSE Mobile app is a mobile trading app, developed by NSE that can be accessed across Android, Windows, iOS and Blackberry operating systems.
Here are some of the features of the mobile app:
Easy to use interface
Real-time market quotes and news streaming
Charting features to perform technical analysis
This is how the app is rated at the Google play store (This app is used by multiple stockbrokers and NOT just Astha Trade):
Number of Installs
1,000,000 - 5,000,000
Mobile App Size
Negative Ratings Percentage
Update Frequency Cycle
Astha Trade NSE Now
The Terminal software NSE Now is an installable file that needs to be downloaded and installed on the user’s machine. Suitable majorly for heavy traders, the software is majorly known for its high performance and speed in accessing features and order placement.
This is how the trading software looks like:
Thus, as far as quantity of trading platforms is concerned, there seems to be no doubt that Astha Trade has got that covered. However, when it comes to quality, only a handful of those look promising and reliable in nature.
Astha Trade Customer Service
As far as communication channels are concerned, with Astha Trade you can get in touch through:
It has done a good job as far as setting up the online self-help portal is concerned. Most of the queries generally asked by users have been answered in this portal. They also set up a forum for users to discuss, raise queries and get assistance from other users or Astha Trade support. But that has not flourished the way it might have been expected to.
When it comes to other communication channels, the overall quality is slightly above average and has a quick turnaround time with a valued response from clients.
Astha Trade Charges
Here are the different pricing details for Astha Trade:
Astha Trade Account Opening Charges
To open and maintain your demat and trading account, the following charges will be levied at the start:
Trading Account Opening Charges
Demat Account Opening Charges
Trading Account Annual Maintenance Charges (AMC)
Demat Account Annual Maintenance Charges (AMC)
Astha Trade Brokerage
Although the broker claims itself to be a discount stockbroker, the brokerage charges are still placed at percentage level with a maximum cap placed at a value depending on the trading segment.
₹10 per lot for buying, ₹30 per lot for selling
₹10 per lot for buying, ₹30 per lot for selling
To get a detailed idea about the actual profit after all kinds of charges are deducted from your trade, check out this screenshot for reference:
Apart from account opening, maintenance and brokerage charges, You are required to pay a few other charges such as Transaction charges, stamp duty, taxes etc. In this case, the transaction charges are as follows:
Equity (Cash & Delivery)
DP Transaction charge
₹25 /Debit Transaction
Dial & Trade
₹25 per executed order
Astha Trade Other Charges
Some other charges levied by this stockbroker are as follows:
In case you are looking to trade above your trading account capital, then you may choose to use exposure or leverage in your trades. In this case, you can trade as per these multipliers:
4 times for Delivery
Upto 40 times
10 times for Intraday
7 times for Intraday
3 times for Intraday
2 times for Intraday
10 times for Intraday
The way it works is simple. It is kind of a short-term loan offered by your stockbroker at a specific interest rate (generally 15%-20%). However, its a risky concept and unless you understand the intricacies and implications of it, we advice you not to use it.
It can potentially eat up your trading account balance if you do not use in an optimal manner.
Astha Trade Disadvantages
There are some concerns if you open an account with Astha Trade:
Relatively much higher transaction charges
No innovation with any in-house trading platform development
“Astha Trade has received 2 complaints from its clients for this financial year 2019-20 with a complaint percentage of 0.02% (Industry average: 0.01%).”
Astha Trade Advantages
At the same time, you enjoy the following values when you trade using the services of this stockbroker:
Low brokerage charges within discount stockbroking space
An overall reasonable number of trading platforms
High exposure offered across segments, especially Equity Intraday.
Better than average customer support
Astha Trade is one of those stockbrokers that have been able to make a name for themselves in the industry by concentrating on one specific field. In their case, it is exposure.
However, when it comes to aspects such as Trading platforms or customer service, there is a lot that the broker needs to work upon. Thus, if you are specifically looking for high exposure or leverage in your trades, you can definitely opt for Astha Trade. Otherwise, in most of the other aspects, it provides average value to its client base.
Looking to open an account and start trading?
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You need to provide a few documents to start your account opening process. The documents required are as follows:
An address proof
Bank statement for the last 6 months
AMC fees (if applicable)
Trading Account cheque
Once you are done with this, your account gets opened within 2-3 business days.
Astha Trade Membership Information:
Here is the membership information of the broker with different exchanges and intermediate parties:
The details can be verified from the corresponding websites of the exchanges.
Astha Trade FAQs:
Here are some of the most frequently asked questions about Astha Trade:
Is Astha Trade and Securities a genuine and well-servicing company as a broker?
The broker started as a full-service stockbroker in 1995 and has gradually pivoted towards discount broking in the recent past. It has received complaints from 0.22% from its client base while the industry average is as low as 0.06%.
Thus, from that perspective, there may be few doubts about its reliability.
What is the account opening charge at Astha Trade?
To open an account with this discount stockbroker, you are required to pay ₹650 to open Demat as well as a trading account. Furthermore, ₹300 are charged as an annual maintenance charge (AMC) every year. From account perspective, Astha Trade certainly is one of the expensive stock brokers in India.
How is Astha Trade providing high exposure or leverage?
Like any other broker!
However, in this case, the exposure values are pretty high. What happens is simple. Clients like you and others put in trading account balances with the broker.
Now, the broker with this lumpsum account balances is in a position where it can offer short-term loans to traders who are looking for quick profits with a higher degree of risk.
Then it depends on the broker on how much exposure (read risk) it itself is ready to take by providing loans to other traders. At the same time, brokers such as Astha Trade take too much liberty and offer 10 times, 20 times, 30 times exposure values to their clients.
What is the brokerage rate at Astha Trade?
With Astha, it really depends on your trade value. Higher the trade value, higher is the brokerage you are supposed to pay. For instance, if you trade in Equity Delivery, the brokerage applicable will be 0.1% of your trade value.
If you trade for ₹1,00,000 then your brokerage charges for that particular trade will be ₹100.
Does Astha Trade provide any research or tips?
Since the broker has gradually labelled itself as a discount stockbroker, it has ceased to provide any sort of tips or recommendations to its clients.
How are the trading platforms of Astha Trade?
There are multiple trading platforms offered by the discount stockbroker, a mixed bag of in-house developed trading platforms as well as NSE licensed ones.
As far as quality is concerned, it is advised to go ahead with the NSE based outsourced trading platforms and do not rely on the in-house trading applications as most of those are either outdated or struggle with performance-related issues.
You can check out detailed comparisons between Astha Trade Vs Other stockbrokers here: