IDBI Capital Vs TradeSmart (Compare IDBI Capital and TradeSmart)

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
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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

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.

Account Type	IDBI Capital Standard Plan	TradeSmart 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	Zerodha (Trade with the best stock broker) 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.

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

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%
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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
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	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
Trading In SME Shares Allowed?
Referral Program
Other Features	Morning Report, Equity SIP, Investment Guide
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IDBI Capital Vs TradeSmart Review

IDBI Capital is rated 2.6 of 5 based on 41 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

	IDBI Capital	TradeSmart
	41 Customer Reviews	67 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IDBI Capital is rated 2.6 of 5 based on 41 customer reviews	TradeSmart is rated 4.0 of 5 based on 67 customer reviews

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IDBI Capital Vs TradeSmart Investment Options

	IDBI Capital	TradeSmart
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

IDBI Capital Vs TradeSmart Order Type Offered

	IDBI Capital	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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IDBI Capital Vs TradeSmart Research Report

	IDBI Capital	TradeSmart
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IDBI Capital Vs TradeSmart Suitable For Investor Type

	IDBI Capital	TradeSmart
Casual Investor
Active Investor
Trader

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: 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 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.
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