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HDFC Securities Vs Trade Smart Online Share Broker Comparison

The side-by-side comparison of HDFC Securities Ltd and Trade Smart Online stock brokers in India. The comparison below highlights the similarities and differences between HDFC Securities 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 HDFC Securities and Trade Smart Online.

  HDFC Securities Ltd Trade Smart Online
 
HDFC Securities Ltd Logo Trade Smart Online Logo
About the Broker HDFC Securities(HDFCsec) is Equity Trading Company of HDFC Bank. HDFC Securities provide both online trading and trading on phone. The HDFC Securities trading account has a unique 3-in-1 feature that integrates your HDFC Securities trading account wi... Know more about HDFC Securities Ltd 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 Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX
Account Type Online Trading Power Plan (₹15/Order)
Broker Enquiry Open an Online Trading Account with HDFC Securities. 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

  HDFC Securities Ltd Trade Smart Online
Trading Account Opening Fees ₹999 ₹200
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹200
Demat Account AMC ₹750 ₹300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  HDFC Securities Ltd Trade Smart Online
Account Type Online Trading Power Plan (₹15/Order)
Fixed Charges NA
Equity Delivery Brokerage 0.50% ₹15
Equity Intraday Brokerage 0.05% ₹15
Equity Futures Brokerage 0.05% ₹15
Equity Options Brokerage ₹100 per lot or 1% of the premium (whichever is higher) ₹15
Currency Futures Trading Brokerage ₹23 per contract ₹15
Currency Options Trading Brokerage ₹20 per contract ₹15
Commodity Futures Trading Brokerage 0.02% for Intraday / 0.025% for positional ₹15
Commodity Options Trading Brokerage 0.02% for Intraday / 0.025% for positional ₹15

Brokerage Plan 2

  HDFC Securities Ltd Trade Smart Online
Account Type Online Trading Value Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% 0.007%
Equity Intraday Brokerage 0.05% 0.007%
Equity Futures Brokerage 0.05% 0.007%
Equity Options Brokerage ₹100 per lot or 1% of the premium (whichever is higher) ₹7 Per Lot
Currency Futures Trading Brokerage ₹23 per contract 0.007%
Currency Options Trading Brokerage ₹20 per contract ₹7 Per Lot
Commodity Futures Trading Brokerage 0.02% for Intraday / 0.025% for positional 0.007%
Commodity Options Trading Brokerage 0.02% for Intraday / 0.025% for positional

Other Charges

Minimum Brokerage Charges ₹25 plus taxes ₹15
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges ₹0 ₹20 per executed order
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Taxes

  HDFC Securities Ltd Trade Smart Online
Securities Transaction Tax (STT)
  • 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 Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 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

  HDFC Securities Ltd Trade Smart Online
Equity Delivery 0.00325% 0.0035%
Equity Intraday 0.00325% 0.0035%
Equity Futures .00190% 0.0024%
Equity Options 0.050% (on premium) 0.0715%
Currency Futures 0.00110% 0.00165%
Currency Options 0.040% (on premium) 0.06%
Commodity NA 0.0039%
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Exposure

  HDFC Securities Ltd Trade Smart Online
Equity Delivery 2x with Intrest 1x (no margin)
Equity Intraday Upto 20x 30x trading margin
Equity Futures Nil 7x trading margin
Equity Options Nil 7x trading margin
Currency Futures Nil 3x trading margin
Currency Options Nil 3x trading margin
Commodity Nil 6x trading margin
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Share Broker Features

  HDFC Securities Ltd Trade Smart Online
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify NEST, NOW, Spin
Intraday Square-off Time 3:30 PM Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features E-Margin, ENCASH,
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Broker Ratings (Average User Rating)

  HDFC Securities Ltd Trade Smart Online
  167 Customer Reviews    Rate HDFC Securities 58 Customer Reviews    Rate Trade Smart Online
Fees Ratings 2.1 3.9
Trading Brokerage Rating 1.9 4.5
Trading Platform Usability 2.9 3.7
Customer Service Ratings 2.6 4.1
Overall Ratings Rated 2.2 stars Rated 4.1 stars
Broker Rating HDFC Securities is Rated 2.2 / 5 based on 167 customer reviews Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews
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Contact Broker / Request A Call Back

  HDFC Securities Ltd Trade Smart Online
Contact / Request Call Back
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Investment Options Available

  HDFC Securities Ltd Trade Smart Online
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading
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Customer Service Offered

  HDFC Securities Ltd Trade Smart Online
24/7 Customer Service No No
Onine Live Chat Yes Yes
Through Branches Yes No
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Order Type

  HDFC Securities Ltd Trade Smart Online
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Research / Tips / Reports Published

  HDFC Securities Ltd Trade Smart Online
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  HDFC Securities Ltd Trade Smart Online
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  HDFC Securities Ltd Trade Smart Online
Pros
  • The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.

More Advantages...

  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of ₹1000.
  • Unlike most of the discount brokers; Trade Smart Online offers 2 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 knowledge base has lot information which is helpful for most customers.

More Advantages...

Cons
  • In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs. 5000) and a DP (depository participant) account with HDFC Bank.
  • Very high brokerage charges
  • Charge minimum brokerage of ₹25

More Disadvantages...

  • Call and Trade is charged at extra ₹20 per executed order.
  • Physical contract notes ₹20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹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 Useful Articles:
Promo / Offers

HDFC 3-in-1 Account

HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: ₹750 demat account AMC is waived when you open your 3-in-1 account.

Interested in opening a trading account? Request Callback from a stock broker.

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