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ICICIDirect Vs Trade Smart Online Share Broker Comparison

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

  ICICI Securities Pvt Ltd. Trade Smart Online
 
ICICI Securities Pvt Ltd. Logo Trade Smart Online 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. 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 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 Trade Smart Online. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Trade Smart Online
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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Trading Brokerage Charges

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Trade Smart Online
Account Type 3-in-1 Account (I-Secure Plan) Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage 0.55% ₹15
Equity Intraday Brokerage 0.275% ₹15
Equity Futures Brokerage 0.05% to 0.03% ₹15
Equity Options Brokerage ₹95 to ₹35 per lot ₹15
Currency Futures Trading Brokerage 0.050% to 0.030% ₹15
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹15
Commodity Futures Trading Brokerage NA ₹15
Commodity Options Trading Brokerage NA ₹15

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Trade Smart Online
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 ₹95 to ₹65 per lot ₹7 Per Lot
Commodity Futures Trading Brokerage NA 0.007%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹35 per trade ₹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 ₹25 per call after first 20 free calls per month ₹20 per executed order
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Taxes

  ICICI Securities Pvt 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

  ICICI Securities Pvt Ltd. Trade Smart Online
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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Exposure

  ICICI Securities Pvt Ltd. Trade Smart Online
Equity Delivery 5x with Interest 1x (no margin)
Equity Intraday Upto 25x 30x trading margin
Equity Futures 4x 7x trading margin
Equity Options 2x for shorting 7x trading margin
Currency Futures NA 3x trading margin
Currency Options NA 3x trading margin
Commodity NA 6x trading margin
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Share Broker Features

  ICICI Securities Pvt Ltd. Trade Smart Online
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
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Trade Smart Online
  400 Customer Reviews    Rate ICICIDirect 58 Customer Reviews    Rate Trade Smart Online
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 400 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

  ICICI Securities Pvt Ltd. Trade Smart Online
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Trade Smart Online
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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Customer Service Offered

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

  ICICI Securities Pvt Ltd. Trade Smart Online
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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Research / Tips / Reports Published

  ICICI Securities Pvt 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

  ICICI Securities Pvt Ltd. Trade Smart Online
Casual Investor Yes
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Trade Smart Online
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 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
  • 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...

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.

Enquire about ICICIDirect Enquire about Trade Smart Online
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