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ICICI Direct Vs TradeSmart (Compare ICICI Direct and TradeSmart)

ICICI Direct
ICICI Direct is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ...

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...

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
Exchnage Membership	BSE, NSE	BSE, NSE, MCX
Account Type	ICICI Neo Plan	Power Plan
Year of Incorporation	2000	1994
Number of Branches	154	1

	Open ICICI Direct Account	Open TradeSmart Account

ICICI Direct Vs TradeSmart Charges & AMC

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

	ICICI Direct	TradeSmart
Trading Account Opening Charges	Rs 0	Rs 200
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Rs 0	Rs 200
Demat Account AMC Charges	Rs 300 (from 2nd year)	Rs 300

ICICI Direct Vs TradeSmart Brokerage Charges & Plans

ICICI Direct Vs TradeSmart Brokerage

ICICI Direct 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.

	ICICI Direct	TradeSmart
Account Type	ICICI Neo Plan	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	Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now	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.

ICICI Direct Vs TradeSmart Brokerage Plan 2

	ICICI Direct	TradeSmart
Account Type	3-in-1 Account (I-Secure Plan)	Value Plan
Fixed Charges
Equity Delivery	0.55%	0.07%
Equity Intraday	0.275%	0.007%
Equity Futures	0.05% to 0.03%	0.007%
Equity Options	Rs 95 to Rs 35 per lot	Rs 7 Per Lot
Currency Futures	0.050% to 0.030%	0.007%
Currency Options	Rs 25 to Rs 10 per lot	Rs 7 Per Lot
Commodity Futures	NA	0.007%
Commodity Options	NA	Rs 7 Per Lot
	Open ICICI Direct Account	Open TradeSmart Account

ICICI Direct Vs TradeSmart Brokerage Plan 3

	ICICI Direct	TradeSmart
Account Type	I-Saver Plan	Power Plan
Fixed Charges		NA
Equity Delivery	0.75% to 0.25%	Rs 15 per order
Equity Intraday	0.75% to 0.25%	Rs 15 per order
Equity Futures	0.05% to 0.03%	Rs 15 per order
Equity Options	Rs 95 to Rs 65 per lot	Rs 15 per order
Currency Futures	0.05% to 0.03%	Rs 15 per order
Currency Options	0.25 to Rs 65 per lot	Rs 15 per order
Commodity Futures	NA	Rs 15 per order
Commodity Options	NA	Rs 15 per order
	Open ICICI Direct Account	Open TradeSmart Account

ICICI Direct Charges Vs TradeSmart

Minimum Brokerage	Rs 35 per trade	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 25 per call after first 20 free calls per month	Rs 20 per executed order

ICICI Direct Vs TradeSmart Transaction Charges

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

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

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 upto 10x.

	ICICI Direct	TradeSmart
Equity Delivery	5x with Interest	1x (no margin)
Equity Intraday	Upto 25x	upto 10x
Equity Futures	4x	2X
Equity Options	2x for shorting	2x
Currency Futures	NA	2x
Currency Options	NA	2x
Commodity Futures	NA	2x
Commodity Options		NA
	Open ICICI Direct Account	Open TradeSmart Account

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
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	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
	Open ICICI Direct Account	Open TradeSmart Account

ICICI Direct Vs TradeSmart Review

ICICI Direct is rated 2.4 of 5 based on 441 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 66 customer reviews.

	ICICI Direct	TradeSmart
	441 Customer Reviews	66 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	ICICI Direct is rated 2.4 of 5 based on 441 customer reviews	TradeSmart is rated 4.0 of 5 based on 66 customer reviews

Contact Broker / Request A Call Back

	ICICI Direct Enquire	TradeSmart Enquire
Contact Broker	ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now	Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

ICICI Direct Vs TradeSmart Investment Options

	ICICI Direct	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

ICICI Direct Vs TradeSmart Order Type Offered

	ICICI Direct	TradeSmart
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open ICICI Direct Account	Open TradeSmart Account

ICICI Direct Vs TradeSmart Research Report

	ICICI Direct	TradeSmart
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICI Direct Vs TradeSmart Suitable For Investor Type

	ICICI Direct	TradeSmart
Casual Investor
Active Investor
Trader

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.	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 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.	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.
Reviews		Useful Articles: Know more about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)
Promo / Offers	ICICIDirect Neo Plan (Discount Brokerage) Open a 3-in-1 account with Neo Plan for: Free Account Opening Brokerage-Free Equity Futures trading Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX Free trading tips Get funds in your bank account in just 30 minutes of selling stocks Interested in opening a trading account? Open Instant Account Now	Flat Rs 15 per trade Flat Rs 15 per trade across all segments + Get Margin against your shares + API for alog trading. This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.
	Open ICICI Direct Account	Open TradeSmart Account

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