ICICI Direct Vs TradeSmart (Compare ICICI Direct and TradeSmart)

The side-by-side comparison of ICICI Direct and TradeSmart. Compare ICICI Direct Vs TradeSmart brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs TradeSmart?


ICICI Direct
ICICI Direct 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, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... Know more about ICICI Securities Pvt 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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ICICI Direct Vs TradeSmart

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  ICICI Direct TradeSmart
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Power Plan (₹15/Order)
Year of Incorporation 2000 1994
Number of Branches 154 1
Broker Enquiry Open an Online Trading Account with ICICI Direct. 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.
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ICICI Direct Vs TradeSmart Charges & AMC

ICICI Direct trading account opening charges is ₹0 while TradeSmart account opening changes is ₹200. ICICI Direct Demat Account AMC Charges is ₹700 (from 2nd year) and TradeSmart Demat Account AMC Charges is ₹300.

  ICICI Direct TradeSmart
Trading Account Opening Charges ₹0 ₹200
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹200
Demat Account AMC Charges ₹700 (from 2nd year) ₹300
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ICICI Direct Vs TradeSmart Brokerage Charges & Plans

ICICI Direct Vs TradeSmart Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order.

  ICICI Direct 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
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

ICICI Direct Vs TradeSmart Brokerage Plan 2

  ICICI Direct 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
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ICICI Direct Vs TradeSmart Brokerage Plan 3

  ICICI Direct 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
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ICICI Direct Charges Vs TradeSmart

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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ICICI Direct Vs TradeSmart Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while TradeSmart exchange transaction charges for options is 0.0715%.

  ICICI Direct TradeSmart
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) 0.0035%
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) 0.0035%
Equity Futures ₹180 per Cr (0.0018%) 0.0024%
Equity Options ₹5000 per Cr (0.05%) (on premium) 0.0715%
Currency Futures ₹120 per Cr (0.0012%) 0.00165%
Currency Options ₹5000 per Cr (0.05%) (on premium) 0.06%
Commodity NA 0.0039%
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ICICI Direct Vs TradeSmart Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the TradeSmart margin for intraday cash is 30x trading margin.

  ICICI Direct 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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Compare ICICI Direct and TradeSmart Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. TradeSmart offers NEST, NOW, Spin trading software.

  ICICI Direct 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 Yes
Margin Against Shares (Equity F&O) Yes 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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ICICI Direct Vs TradeSmart Review

ICICI Direct is rated 2.4 of 5 based on 426 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 64 customer reviews.

  ICICI Direct TradeSmart
  426 Customer Reviews    Rate ICICI Direct 64 Customer Reviews    Rate TradeSmart
Fees 2.3 3.8
Trading Brokerage 1.7 4.4
Trading Platform Usability 3.4 3.7
Customer Service 2.7 4.0
Research Capabilities 3.1 3.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 426 customer reviews TradeSmart is rated 4.0 of 5 based on 64 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire TradeSmart Enquire
Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

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ICICI Direct Vs TradeSmart Investment Options

  ICICI Direct 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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ICICI Direct Vs TradeSmart Order Type Offered

  ICICI Direct 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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ICICI Direct Vs TradeSmart Research Report

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

  ICICI Direct TradeSmart
Casual Investor Yes
Active Investor Yes
Trader Yes
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ICICI Direct Vs TradeSmart - Pros and Cons

  ICICI Direct 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.
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • 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
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.
  • 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.
Reviews Useful Articles:
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 ICICI DirectEnquire TradeSmart

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