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Zerodha Vs Trade Smart Online Share Broker Comparison

The side-by-side comparison of Zerodha and Trade Smart Online stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and Trade Smart Online's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Zerodha and Trade Smart Online.

  Zerodha Trade Smart Online
 
Zerodha Logo Trade Smart Online Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh... Know more about Zerodha Trade Smart Online (TSO) is Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. Trade Smart Online is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorp... Know more about Trade Smart Online
Type of Broker What is this parameter? Discount Broker Discount Broker
Supported Exchnage What is this parameter? NSE, BSE, MCX-SX and MCX BSE, NSE, MCX, NCDEX
Account Type What is this parameter? Standard Plan Power Plan (Rs 15/Order)
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Trade Smart Online. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Zerodha Trade Smart Online
Trading Account Opening Fees What is this parameter? ₹300 Rs 300
Trading Account AMC What is this parameter? ₹0 (Free) Rs 0
Demat Account Opening Fees What is this parameter? ₹100 Rs 500
Demat Account AMC What is this parameter? ₹300 Rs 300
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Trade Smart Online
Account Type Standard Plan Power Plan (Rs 15/Order)
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? ₹0 (Free) Rs 15
Equity Intraday Brokerage What is this parameter? ₹20 per trader Rs 15
Equity Futures Brokerage What is this parameter? ₹20 per trader Rs 15
Equity Options Brokerage What is this parameter? ₹20 per trader Rs 15
Currency Futures Trading Brokerage What is this parameter? ₹20 per trader Rs 15
Currency Options Trading Brokerage What is this parameter? ₹20 per trader Rs 15
Commodity Trading Brokerage What is this parameter? ₹20 per trader Rs 15

Brokerage Plan 2

  Zerodha Trade Smart Online
Account Type Standard Plan Value Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? ₹0 (Free) 0.007%
Equity Intraday Brokerage What is this parameter? ₹20 per trader 0.007%
Equity Futures Brokerage What is this parameter? ₹20 per trader 0.007%
Equity Options Brokerage What is this parameter? ₹20 per trader Rs 7 Per Lot
Currency Futures Trading Brokerage What is this parameter? ₹20 per trader 0.007%
Currency Options Trading Brokerage What is this parameter? ₹20 per trader Rs 7 Per Lot
Commodity Trading Brokerage What is this parameter? ₹20 per trader 0.007%

Brokerage Plan 3

  Zerodha Trade Smart Online
Account Type Standard Plan Infinity Plan (Unlimited Trading)
Fixed Charges What is this parameter? Rs 3999
Equity Delivery Brokerage What is this parameter? ₹0 (Free) Rs 0
Equity Intraday Brokerage What is this parameter? ₹20 per trader Rs 0
Equity Futures Brokerage What is this parameter? ₹20 per trader Rs 0
Equity Options Brokerage What is this parameter? ₹20 per trader Rs 0
Currency Futures Trading Brokerage What is this parameter? ₹20 per trader NA
Currency Options Trading Brokerage What is this parameter? ₹20 per trader NA
Commodity Trading Brokerage What is this parameter? ₹20 per trader NA

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 0 Rs 15
Other Brokerage Charges What is this parameter? 0.01% or Rs 20 per executed order, whichever is lower. Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges What is this parameter? ₹20 per executed order Rs 20 per executed order
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Taxes

  Zerodha Trade Smart Online
Securities Transaction Tax (STT) What is this parameter?
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Zerodha Trade Smart Online
Equity Delivery What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side) 0.0035%
Equity Intraday What is this parameter? NSE ₹325 per crore | BSE ₹1 per trade (each side) 0.0035%
Equity Futures What is this parameter? NSE ₹210 per crore | BSE ₹1 per trade (each side) 0.0024%
Equity Options What is this parameter? NSE ₹5300 per crore | BSE ₹1 per trade (each side) 0.0715%
Currency Futures What is this parameter? NSE ₹135 per crore (0.00135%) 0.00165%
Currency Options What is this parameter? NSE ₹4400 (on premium) per crore (0.044%) 0.06%
Commodity What is this parameter? Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore 0.0039%
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Exposure

  Zerodha Trade Smart Online
Equity Delivery What is this parameter? 1x (no margin) 4x trading margin though EquiMax funding* (with 0.05% delayed payment charges)
Equity Intraday What is this parameter? Up to 20x (based on the stock) 30x trading margin
Equity Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 5x trading margin
Equity Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 5x trading margin
Currency Futures What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 3x trading margin
Currency Options What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) 3x trading margin
Commodity What is this parameter? Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span 5x trading margin
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Share Broker Features

  Zerodha Trade Smart Online
3 in 1 Account What is this parameter? No No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? No Yes
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? No No
Combined Ledger for Equity and Commodity What is this parameter? No No
Trading Platform What is this parameter? Pi, Kite, NEST NEST, NOW
Intraday Square-off Time What is this parameter? 3:10 PM Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Zerodha Trade Smart Online
  230 Customer Reviews    Rate Zerodha 52 Customer Reviews    Rate Trade Smart Online
Fees Ratings 4.0 4.0
Trading Brokerage Rating 4.5 4.5
Trading Platform Usability 3.7 3.8
Customer Service Ratings 3.8 4.1
Overall Ratings Rated 4.0 stars Rated 4.2 stars
Broker Rating Zerodha is Rated 4.0 / 5 based on 230 customer reviews Trade Smart Online is Rated 4.2 / 5 based on 52 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Trade Smart Online
Contact / Request Call Back
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Investment Options Available

  Zerodha Trade Smart Online
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No No
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? No Yes
Debt What is this parameter? No No
Other Investment Options What is this parameter?
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Customer Service Offered

  Zerodha Trade Smart Online
24/7 Customer Service What is this parameter? No No
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No Yes
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No No
Through Branches What is this parameter? No No
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Research / Tips / Reports Published

  Zerodha Trade Smart Online
Daily Market Report What is this parameter? No No
Free Tips What is this parameter? No No
Quarterly Result Analysis What is this parameter? No No
News Alerts What is this parameter? No No
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Suitable for Investor Category

  Zerodha Trade Smart Online
Casual Investor What is this parameter?
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Zerodha Trade Smart Online
Pros What is this parameter?
  • Zerodha offer equity delivery trades for free.
  • The discount broker offering simple flat fee brokerage service.
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Offer Fully Automated Trading and Semi-Automated Trading through its plug-in with AmiBroker, the popular Technical Analysis Software.
  • After Market Orders (AMO) can be placed between 6:30 PM to 9:15 AM.
  • Zerodha offers 10% referral credit to its customers.
  • Unlike most discount broker, Zerodha has its own DP services which are cheaper.

More Advantages...

  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of Rs 1000.
  • Unlike most of the discount brokers; Trade Smart Online offers 3 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers investing in Mutual Funds, bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. Customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • Trade Smart Online is in the stock broking industry since 1994.
  • TSO's online knowledgebase has lot information which is helpful for most customers.

More Advantages...

Cons What is this parameter?
  • Zerodha doesn't offer currency derivatives trading at BSE.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, FPO, Mutual Funds, Offer For Sale (OFS), Bond and NCD's.
  • Doesn't provide stock tips or recommendations.
  • No margin funding available.
  • Good Till Cancelled (GTC) is only available in Commodities. GTC is not available in Equity.

More Disadvantages...

  • Call and Trade is charged at extra Rs 20 per executed order.
  • Physical contract notes Rs 20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.

More Disadvantages...

Reviews What is this parameter? Useful Articles about Zerodha: Useful Articles:
Promo / Offers What is this parameter?
Zerodha Discount

Rs 100 Off on Online Account Opening

Get Rs 100 discount when you open online trading account with Zerodha. Simply leave your contact information with us and Zerodha representatives will call you.

Enquire about Zerodha Enquire about Trade Smart Online
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