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IDBI Capital Vs TradeSmart (Compare IDBI Capital and TradeSmart)


IDBI Capital Markets and Securities Ltd Logo

IDBI Capital
Incorporated in December 1993, IDBI Capital Markets and Securities Ltd. (IDBI Capital), is a wholly owned subsidiary of IDBI Bank Ltd. IDBI Capital offers online trading in Equities, F&O, Mutual Funds, and IPOs etc. It also distributes Third Party Products, like Fixed Income Products, Mutual Funds etc., The company is amongst the top 10 MF distributors in India. IDBI Capital offers its online trading services through www.idbidirect.in (previously called IDBI paisa builder). IDBI Capital of... Know more about IDBI Capital Markets and Securities Ltd


VNS Finance & Capital Services Ltd Logo

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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IDBI Capital Vs TradeSmart

Incorporated in 1993, IDBI Capital is a Full Service Broker. It offers trading at BSE, NSE, NSDL. It has 14 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  IDBI Capital TradeSmart
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, NSDL BSE, NSE, MCX
Year of Incorporation 1993 1994
Number of Branches 14 1
Open an Online Trading Account with IDBI Capital.Open an Online Trading Account with TradeSmart.
Enquire IDBI CapitalOpen TradeSmart Account
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IDBI Capital Vs TradeSmart Charges & AMC

IDBI Capital trading account opening charges is Rs 500 while TradeSmart account opening changes is Rs 200. IDBI Capital Demat Account AMC Charges is Rs 450 and TradeSmart Demat Account AMC Charges is Rs 300.

  IDBI Capital TradeSmart
Trading Account Opening Charges Rs 500 Rs 200
Trading Account AMC Charges NIL Rs 0
Demat Account Opening Charges NIL Rs 200
Demat Account AMC Charges Rs 450 Rs 300
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IDBI Capital Vs TradeSmart Brokerage Charges & Plans

IDBI Capital Vs TradeSmart Brokerage

IDBI Capital brokerage charges for equity is 0.50% and intraday is 0.05% whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.

  IDBI Capital TradeSmart
Account Type Standard Plan Power Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 15 per order
Equity Intraday 0.05% Rs 15 per order
Equity Futures 0.05% Rs 15 per order
Equity Options Rs 100 per lot Rs 15 per order
Currency Futures NA Rs 15 per order
Currency Options NA Rs 15 per order
Commodity Futures NA Rs 15 per order
Commodity Options NA Rs 15 per order
Special Offer
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.

IDBI Capital Vs TradeSmart Brokerage Plan 2

  IDBI Capital TradeSmart
Account Type Ace Trader Plan Value Plan
Fixed Charges
Equity Delivery 0.10% to 0.50% 0.07%
Equity Intraday 0.020% to 0.050% 0.007%
Equity Futures 0.020% to 0.048% 0.007%
Equity Options Rs 100 per lot Rs 7 Per Lot
Currency Futures 0.007%
Currency Options Rs 7 Per Lot
Commodity Futures 0.007%
Commodity Options Rs 7 Per Lot
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IDBI Capital Charges Vs TradeSmart

Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. Rs 15 per executed order
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Nil Rs 20 per executed order
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IDBI Capital Vs TradeSmart Transaction Charges

IDBI Capital transaction charges for options is 0.051% on premium while TradeSmart exchange transaction charges for options is 0.0715%.

  IDBI Capital TradeSmart
Equity Delivery 0.00325% 0.0035%
Equity Intraday 0.00325% 0.0035%
Equity Futures 0.0019% 0.0024%
Equity Options 0.051% on premium 0.0715%
Currency Futures NA 0.00165%
Currency Options NA 0.06%
Commodity NA 0.0039%
Enquire IDBI CapitalOpen TradeSmart Account
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IDBI Capital Vs TradeSmart Leverage (Margin)

IDBI Capital 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.

  IDBI Capital 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 IDBI Capital and TradeSmart Features

The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. TradeSmart offers NEST, NOW, Spin trading software.

  IDBI Capital TradeSmart
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Power Pro, Power Streaming, IDBI Direct NEST, NOW, Spin
Intraday Square-off Time 3:00 PM Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features Morning Report, Equity SIP, Investment Guide
Referral Program Yes
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IDBI Capital Vs TradeSmart Review

IDBI Capital is rated 2.7 of 5 based on 40 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

  IDBI Capital TradeSmart
  40 Customer Reviews    Rate IDBI Capital 67 Customer Reviews    Rate TradeSmart
Fees 3.2 3.8
Brokerage 2.6 4.4
Trading Platform 2.6 3.8
Customer Service 2.8 4.0
Research Capabilities 2.7 2.7
Overall Ratings Rated 2.7 stars Rated 4.0 stars
Broker Rating IDBI Capital is rated 2.7 of 5 based on 40 customer reviews TradeSmart is rated 4.0 of 5 based on 67 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Enquire TradeSmart Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
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IDBI Capital Vs TradeSmart Investment Options

  IDBI Capital TradeSmart
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
IPO Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options
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IDBI Capital Vs TradeSmart Order Type Offered

  IDBI Capital TradeSmart
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) No
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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IDBI Capital Vs TradeSmart Research Report

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

  IDBI Capital TradeSmart
Casual Investor Yes
Active Investor Yes
Trader Yes
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IDBI Capital Vs TradeSmart - Pros and Cons

  IDBI Capital TradeSmart
Pros - Prepaid plans are available for volume traders.
  • 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 - Additional charge of Rs 2000 per year for installable trading platform.
  • 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:
Promo / Offers

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.

Enquire IDBI CapitalOpen TradeSmart Account

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IDBI Capital TradeSmart
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