HDFC Securities Vs TradeSmart (Compare HDFC Securities and TradeSmart)


HDFC Securities
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 with your existing HDFC bank savings account and existing Demat account. Funds / shares are seamlessly moved from the linked Demat/Bank account to execute the transactions. HDFCsec provides Cash-n-Carry on both NSE and BSE, Day trading on both NSE and... Know more about HDFC Securities Ltd


TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services Ltd

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HDFC Securities Vs TradeSmart

Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  HDFC Securities TradeSmart
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2002 1994
Number of Branches 270 1
Open an Online Trading Account with HDFC Securities.Open an Online Trading Account with TradeSmart.
Enquire HDFC SecuritiesOpen TradeSmart Account
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HDFC Securities Vs TradeSmart Charges & AMC

HDFC Securities trading account opening charges is Rs 999 while TradeSmart account opening changes is Rs 200. HDFC Securities Demat Account AMC Charges is Rs 750 and TradeSmart Demat Account AMC Charges is Rs 300.

  HDFC Securities TradeSmart
Trading Account Opening Charges Rs 999 Rs 200
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 200
Demat Account AMC Charges Rs 750 Rs 300
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HDFC Securities Vs TradeSmart Brokerage Charges & Plans

HDFC Securities Vs TradeSmart Brokerage

HDFC Securities brokerage charges for equity is 0.50% and intraday is 0.05% whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.

  HDFC Securities TradeSmart
Account Type Online Trading Power Plan
Fixed Charges NA NA
Equity Delivery 0.50% Rs 15 per order
Equity Intraday 0.05% Rs 15 per order
Equity Futures 0.05% Rs 15 per order
Equity Options Rs 100 per lot or 1% of the premium (whichever is higher) Rs 15 per order
Currency Futures Rs 23 per contract Rs 15 per order
Currency Options Rs 20 per contract Rs 15 per order
Commodity Futures 0.02% for Intraday / 0.025% for positional Rs 15 per order
Commodity Options 0.02% for Intraday / 0.025% for positional Rs 15 per order
Special Offer
Special Offer: Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.
Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

HDFC Securities Vs TradeSmart Brokerage Plan 2

  HDFC Securities TradeSmart
Account Type Online Trading Value Plan
Fixed Charges NA
Equity Delivery 0.50% 0.07%
Equity Intraday 0.05% 0.007%
Equity Futures 0.05% 0.007%
Equity Options Rs 100 per lot or 1% of the premium (whichever is higher) Rs 7 Per Lot
Currency Futures Rs 23 per contract 0.007%
Currency Options Rs 20 per contract Rs 7 Per Lot
Commodity Futures 0.02% for Intraday / 0.025% for positional 0.007%
Commodity Options 0.02% for Intraday / 0.025% for positional Rs 7 Per Lot
Enquire HDFC SecuritiesOpen TradeSmart Account

HDFC Securities Charges Vs TradeSmart

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

HDFC Securities transaction charges for options is 0.050% (on premium) while TradeSmart exchange transaction charges for options is 0.0715%.

  HDFC Securities TradeSmart
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%
Enquire HDFC SecuritiesOpen TradeSmart Account
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HDFC Securities Vs TradeSmart Leverage (Margin)

HDFC Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the TradeSmart margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  HDFC Securities TradeSmart
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Enquire HDFC SecuritiesOpen TradeSmart Account
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Compare HDFC Securities and TradeSmart Features

The trading platforms offered HDFC Securities include ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify. TradeSmart offers NEST, NOW, Spin trading software.

  HDFC Securities TradeSmart
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 No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
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,
Referral Program Yes
Enquire HDFC SecuritiesOpen TradeSmart Account
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HDFC Securities Vs TradeSmart Review

HDFC Securities is rated 2.2 of 5 based on 208 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

  HDFC Securities TradeSmart
  208 Customer Reviews    Rate HDFC Securities 67 Customer Reviews    Rate TradeSmart
Fees 2.1 3.8
Brokerage 1.8 4.4
Trading Platform 2.9 3.8
Customer Service 2.5 4.0
Research Capabilities 2.6 2.7
Overall Ratings Rated 2.2 stars Rated 4.0 stars
Broker Rating HDFC Securities is rated 2.2 of 5 based on 208 customer reviews TradeSmart is rated 4.0 of 5 based on 67 customer reviews
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Contact Broker / Request A Call Back

  HDFC Securities Enquire TradeSmart Enquire
Contact Broker Rs 750 Demat account AMC fee waived off for the first year. Get HDFC 3-in-1 account, integrated trading + demat + saving bank account for seamless investing in stock market and mutual funds. Request a Callback.
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
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HDFC Securities Vs TradeSmart Investment Options

  HDFC Securities TradeSmart
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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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HDFC Securities Vs TradeSmart Order Type Offered

  HDFC Securities TradeSmart
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
Enquire HDFC SecuritiesOpen TradeSmart Account
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HDFC Securities Vs TradeSmart Research Report

  HDFC Securities TradeSmart
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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HDFC Securities Vs TradeSmart Suitable For Investor Type

  HDFC Securities TradeSmart
Casual Investor Yes
Active Investor Yes
Trader Yes
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HDFC Securities Vs TradeSmart - Pros and Cons

  HDFC Securities TradeSmart
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.
  • Unlike most of the discount brokers; TradeSmart 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 to invest 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. The customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain a trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • TradeSmart is in the stock broking industry since 1994.
  • TSO's online knowledgebase has a lot of information which is helpful for most customers.
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 Rs 25
  • 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.
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: Rs 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.

Flat Rs 15 per trade

  • Flat Rs 15 per trade across all segments +
  • Get Margin against your shares +
  • API for alog trading.

This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.

Enquire HDFC SecuritiesOpen TradeSmart Account

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