ICICIdirect Vs TradeSmart (Compare ICICIdirect and TradeSmart)

ICICIdirect Vs TradeSmart

Incorporated in 2000, ICICIdirect 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.

	ICICIdirect	TradeSmart
Type of Broker	Full Service Broker	Discount Broker
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Year of Incorporation	2000	1994
Number of Branches	154	1
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ICICIdirect Vs TradeSmart Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while TradeSmart account opening changes is Free. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free).

	ICICIdirect	TradeSmart
Trading Account Opening Charges	Rs 0 (Free)	Free
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Free
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 300 (1st Year Free)

ICICIdirect Vs TradeSmart Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.

Account Type	ICICIdirect ICICI Neo Plan	TradeSmart Power Plan
Fixed Charges	NA	NA
Equity Delivery	0.55%	Rs 15 per order
Equity Intraday	Rs 20 per order	Rs 15 per order
Equity Futures	Rs 0 (Free)	Rs 15 per order
Equity Options	Rs 20 per order	Rs 15 per order
Currency Futures	Rs 20 per order	Rs 15 per order
Currency Options	Rs 20 per order	Rs 15 per order
Commodity Futures	Rs 20 per order	Rs 15 per order
Commodity Options	Rs 20 per order	Rs 15 per order
Special Offer	Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.	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.

ICICIdirect Vs TradeSmart Brokerage Plan 2

	ICICIdirect	TradeSmart
Account Type	I-Secure Plan	Value Plan
Fixed Charges	NA
Equity Delivery	0.55%	0.07%
Equity Intraday	0.275%	0.007%
Equity Futures	0.05%	0.007%
Equity Options	Rs 95 per lot	Rs 7 Per Lot
Currency Futures	Rs 20 per order	0.007%
Currency Options	Rs 20 per order	Rs 7 Per Lot
Commodity Futures	Rs 20 per order	0.007%
Commodity Options	Rs 20 per order	Rs 7 Per Lot
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ICICIdirect Charges Vs TradeSmart

Minimum Brokerage	Rs 35 per trade (I-Secure Plan)	Rs 15 per executed order
Other Charges	Margin Trading Interest: 0.025% Per day	Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges	Rs 50 per trade	Rs 20 per executed order

ICICIdirect Vs TradeSmart Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while TradeSmart exchange transaction charges for options is NSE Rs 7750 per Cr (0.0775%) | BSE Rs 4950 per Cr (0.0495%) (on premium).

	ICICIdirect	TradeSmart
Equity Delivery	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)	NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0	NSE Rs 238 per Cr (0.00238%) | BSE Rs 500 per Cr (0.005%)
Equity Options	NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)	NSE Rs 7750 per Cr (0.0775%) | BSE Rs 4950 per Cr (0.0495%) (on premium)
Currency Futures	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)	NSE Rs 165 per Cr (0.00165%) | BSE Rs 165 per Cr (0.00165%)
Currency Options	NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)	NSE Rs 5500 per Cr (0.055%) | BSE Rs 400 per Cr (0.004%) (on premium)
Commodity	Group A - Rs 260 per Cr (0.0026%)	0.0039%
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ICICIdirect Vs TradeSmart Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the TradeSmart margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	ICICIdirect	TradeSmart
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
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Compare ICICIdirect and TradeSmart Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. TradeSmart offers Mobile trading app, Desktop trading application, Browser, APIs trading software.

	ICICIdirect	TradeSmart
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App	Mobile trading app, Desktop trading application, Browser, APIs
Intraday Square-off Time	3:30 PM	Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Trading In SME Shares Allowed?
Referral Program
Other Features	Bullet Trading, Can trade in 32 exchanges through Saxo Trader
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ICICIdirect Vs TradeSmart Review

ICICIdirect is rated 2.4 of 5 based on 481 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

	ICICIdirect	TradeSmart
	481 Customer Reviews	67 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICIdirect is rated 2.4 of 5 based on 481 customer reviews	TradeSmart is rated 4.0 of 5 based on 67 customer reviews

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ICICIdirect Vs TradeSmart Investment Options

	ICICIdirect	TradeSmart
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICIdirect Vs TradeSmart Order Type Offered

	ICICIdirect	TradeSmart
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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ICICIdirect Vs TradeSmart Research Report

	ICICIdirect	TradeSmart
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIdirect Vs TradeSmart Suitable For Investor Type

	ICICIdirect	TradeSmart
Casual Investor
Active Investor
Trader

ICICIdirect Vs TradeSmart - Pros and Cons

	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.	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 has been 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 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. Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.	Call and Trade is charged an extra Rs 20 per executed order. Physical contract notes Rs 20 per contract note + courier charges Intraday positions (MIS, CO & BO) squared off by the RMS team are charged at Rs 20. 24/7 customer service is not available. Doesn't provide daily market reports, free tips, news alerts and technical analysis. 3-in-1 accounts are not available as the company doesn't provide banking services.
Reviews		Useful Articles: Know more about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)
Promo / Offers	Zerodha (India's Best & No. 1 Broker)   Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews	TradeSmart Special Offer Flat Rs 15 per trade (FREE Account Opening) Flat Rs 15 per trade across all segments + Get Margin against your shares + API for Algo Trading. This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.
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