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.
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
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| 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...  |
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... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE |
BSE, NSE, MCX, NCDEX |
| Account Type
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3-in-1 Account (I-Secure Plan) |
Power Plan (Rs 15/Order) |
| Broker Enquiry |
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Stock Broker Fees / Charges
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Trading Account Opening Fees
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₹975 |
Rs 300 |
| Trading Account AMC
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₹0 |
Rs 0 |
| Demat Account Opening Fees
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₹0 |
Rs 500 |
| Demat Account AMC
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₹600 |
Rs 300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Account Type |
3-in-1 Account (I-Secure Plan) |
Power Plan (Rs 15/Order) |
| Fixed Charges
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| Equity Delivery Brokerage
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0.55% |
Rs 15 |
| Equity Intraday Brokerage
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0.275% |
Rs 15 |
| Equity Futures Brokerage
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0.05% to 0.03% |
Rs 15 |
| Equity Options Brokerage
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₹95 to ₹35 per lot |
Rs 15 |
| Currency Futures Trading Brokerage
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0.050% to 0.030% |
Rs 15 |
| Currency Options Trading Brokerage
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₹25 to ₹10 per lot |
Rs 15 |
| Commodity Futures Trading Brokerage
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NA |
Rs 15 |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Account Type |
I-Saver Plan |
Value Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.75% to 0.25% |
0.007% |
| Equity Intraday Brokerage
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0.75% to 0.25% |
0.007% |
| Equity Futures Brokerage
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0.05% to 0.03% |
0.007% |
| Equity Options Brokerage
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₹95 to ₹65 per lot |
Rs 7 Per Lot |
| Currency Futures Trading Brokerage
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0.05% to 0.03% |
0.007% |
| Currency Options Trading Brokerage
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₹95 to ₹65 per lot |
Rs 7 Per Lot |
| Commodity Futures Trading Brokerage
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NA |
0.007% |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹35 per trade |
Rs 15 |
| Other Brokerage Charges
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Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order |
| Call & Trade Charges
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₹25 per call after first 20 free calls per month |
Rs 20 per executed order |
Taxes
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Equity Delivery
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NSE: 0.0031% | BSE: 0.0028% |
0.0035% |
| Equity Intraday
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NSE: 0.0031% | BSE: 0.0028% |
0.0035% |
| Equity Futures
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0.0018% |
0.0024% |
| Equity Options
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0.05% on Premium |
0.0715% |
| Currency Futures
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0.0012% |
0.00165% |
| Currency Options
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0.05% on Premium |
0.06% |
| Commodity
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NA |
0.0039% |
Exposure
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Equity Delivery
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1x (no margin) |
| Equity Intraday
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30x trading margin |
| Equity Futures
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7x trading margin |
| Equity Options
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7x trading margin |
| Currency Futures
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3x trading margin |
| Currency Options
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3x trading margin |
| Commodity
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6x trading margin |
Share Broker Features
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App |
NEST, NOW |
| Intraday Square-off Time
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3:30 PM |
Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing |
| Other Features
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Broker Ratings (Average User Rating)
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
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395 Customer Reviews  |
57 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
ICICIDirect is Rated 2.5 / 5 based on 395 customer reviews |
Trade Smart Online is Rated 4.1 / 5 based on 57 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS |
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Customer Service Offered
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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ICICI Securities Pvt Ltd. |
Trade Smart Online |
| Pros
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- 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 Rs 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 knowledgebase has lot information which is helpful for most customers.
More Advantages... |
| Cons
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- 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 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.
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More Disadvantages... |
| Reviews
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Useful Articles:
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| Promo / Offers
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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. |
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Enquire about ICICIDirect
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Enquire about Trade Smart Online
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| Compare More Brokers |
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Zerodha
Zero Account Opening Fee