Free Trading + Demat Account

ICICIDirect Vs TradeSmart (Compare ICICIDirect and TradeSmart)

The side-by-side comparison of ICICIDirect and TradeSmart. Compare ICICIDirect Vs TradeSmart brokerage, charges, exposure margin, demat account. Read TradeSmart and ICICIDirect review.

Find out ICICIDirect Vs TradeSmart which is better and ICICIDirect Vs TradeSmart which is best.

Our ICICI Securities Pvt Ltd. comparison with VNS Finance & Capital Services Ltd highlights the major differences between two brokers. Find the best between ICICIDirect and TradeSmart.

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ICICIDirect Vs TradeSmart

  ICICIDirect TradeSmart
Find more info about broker
ICICI Securities Pvt Ltd. Logo VNS Finance & Capital Services Ltd Logo
About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. 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 of... Know more about VNS Finance & Capital Services Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Power Plan (₹15/Order)
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with TradeSmart. Leave your contact info and we will get in touch with you.
Year of Incorporation 2000 1994
Number of Branches 154 1
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ICICIDirect Vs TradeSmart Charges

  ICICIDirect TradeSmart
Trading Account Opening Fees ₹975 ₹200
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹200
Demat Account AMC ₹450 ₹300
Demat Account is Mandatory? No No
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ICICIDirect Vs TradeSmart Brokerage

Brokerage Plan 1

  ICICIDirect TradeSmart
Account Type 3-in-1 Account (I-Secure Plan) Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage 0.55% ₹15 per executed order
Equity Intraday Brokerage 0.275% ₹15 per executed order
Equity Futures Brokerage 0.05% to 0.03% ₹15 per executed order
Equity Options Brokerage ₹95 to ₹35 per lot ₹15 per executed order
Currency Futures Trading Brokerage 0.050% to 0.030% ₹15 per executed order
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹15 per executed order
Commodity Futures Trading Brokerage NA ₹15 per executed order
Commodity Options Trading Brokerage NA ₹15 per executed order

Brokerage Plan 2

  ICICIDirect TradeSmart
Account Type I-Saver Plan Value Plan
Fixed Charges
Equity Delivery Brokerage 0.75% to 0.25% 0.007%
Equity Intraday Brokerage 0.75% to 0.25% 0.007%
Equity Futures Brokerage 0.05% to 0.03% 0.007%
Equity Options Brokerage ₹95 to ₹65 per lot ₹7 Per Lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.007%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹7 Per Lot
Commodity Futures Trading Brokerage NA 0.007%
Commodity Options Trading Brokerage NA ₹7 Per Lot

Brokerage Plan 3

  ICICIDirect TradeSmart
Account Type ICICIdirect Prime Plan Power Plan (₹15/Order)
Fixed Charges ₹900
Equity Delivery Brokerage 0.25% ₹15 per executed order
Equity Intraday Brokerage 0.25% ₹15 per executed order
Equity Futures Brokerage 0.025% ₹15 per executed order
Equity Options Brokerage ₹35 ₹15 per executed order
Currency Futures Trading Brokerage ₹0 ₹15 per executed order
Currency Options Trading Brokerage ₹0 ₹15 per executed order
Commodity Futures Trading Brokerage NA ₹15 per executed order
Commodity Options Trading Brokerage NA ₹15 per executed order

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹15 per executed order
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹25 per call after first 20 free calls per month ₹20 per executed order
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ICICIDirect Vs TradeSmart Taxes

  ICICIDirect TradeSmart
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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ICICIDirect Vs TradeSmart Transaction Charges

  ICICIDirect TradeSmart
Equity Delivery NSE: 0.0031% | BSE: 0.0028% 0.0035%
Equity Intraday NSE: 0.0031% | BSE: 0.0028% 0.0035%
Equity Futures 0.0018% 0.0024%
Equity Options 0.05% on Premium 0.0715%
Currency Futures 0.0012% 0.00165%
Currency Options 0.05% on Premium 0.06%
Commodity NA 0.0039%
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ICICIDirect Vs TradeSmart Exposure Margin

  ICICIDirect TradeSmart
Equity Delivery 5x with Interest 1x (no margin)
Equity Intraday Upto 25x 30x trading margin
Equity Futures 4x MIS: 3X | BO: 7X | CO: 7X
Equity Options 2x for shorting MIS: 3X | BO: 7X | CO: 7X
Currency Futures NA MIS: 3X | BO: 3X | CO: 3X
Currency Options NA MIS: 3X | BO: NA | CO: NA
Commodity Futures NA MIS: 2X | BO: 6X | CO: 6X
Commodity Options MIS: NA | BO: NA | CO: NA
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ICICIDirect and TradeSmart Feature Comparison

  ICICIDirect TradeSmart
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App 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 Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program Yes
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ICICIDirect Vs TradeSmart Review

  ICICIDirect TradeSmart
  404 Customer Reviews    Rate ICICIDirect 58 Customer Reviews    Rate TradeSmart
Fees Ratings 2.3 3.9
Trading Brokerage Rating 1.7 4.5
Trading Platform Usability 3.4 3.7
Customer Service Ratings 2.8 4.1
Overall Ratings Rated 2.4 stars Rated 4.1 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 404 customer reviews TradeSmart is Rated 4.1 / 5 based on 58 customer reviews
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Contact Broker / Request A Call Back

  ICICIDirect Enquire TradeSmart Enquire
Contact Broker
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ICICIDirect Vs TradeSmart Investment Options

  ICICIDirect TradeSmart
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICIDirect Vs TradeSmart Customer Service

  ICICIDirect TradeSmart
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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ICICIDirect Vs TradeSmart Order Type Offered

  ICICIDirect TradeSmart
Bracket Order No 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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ICICIDirect Vs TradeSmart Research Report

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

  ICICIDirect TradeSmart
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICIDirect Vs TradeSmart - Advantages and Disadvantages

  ICICIDirect TradeSmart
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.

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 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. 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.
  • Trade Smart Online is in the stock broking industry since 1994.
  • TSO's online knowledge base has lot of information which is helpful for most customers.

More Advantages...

Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

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...

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Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

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

Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

Get this limited time offer
Enquire ICICIDirect Enquire TradeSmart
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