IDBI Capital Vs TradeSmart (Compare IDBI Capital and TradeSmart)

The side-by-side comparison of IDBI Capital and TradeSmart. Compare IDBI Capital Vs TradeSmart brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best IDBI Capital vs TradeSmart?


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


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
Supported Exchnages BSE, NSE, NSDL BSE, NSE, MCX
Account Type Standard Plan Power Plan (₹15/Order)
Year of Incorporation 1993 1994
Number of Branches 14 1
Broker Enquiry Open an Online Trading Account with IDBI Capital. Leave your contact info and we will get in touch with you. Open an Online Trading Account with TradeSmart. Leave your contact info and we will get in touch with you.
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IDBI Capital Vs TradeSmart Charges & AMC

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

  IDBI Capital TradeSmart
Trading Account Opening Charges ₹500 ₹200
Trading Account AMC Charges NIL ₹0
Demat Account Opening Charges NIL ₹200
Demat Account AMC Charges ₹450 ₹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 ₹15 per executed order and intraday is ₹15 per executed order.

  IDBI Capital TradeSmart
Account Type Standard Plan Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage 0.50% ₹15 per executed order
Equity Intraday Brokerage 0.05% ₹15 per executed order
Equity Futures Brokerage 0.05% ₹15 per executed order
Equity Options Brokerage ₹100 per lot ₹15 per executed order
Currency Futures Trading Brokerage NA ₹15 per executed order
Currency Options Trading Brokerage NA ₹15 per executed order
Commodity Futures Trading Brokerage NA ₹15 per executed order
Commodity Options Trading Brokerage NA ₹15 per executed order
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

IDBI Capital Vs TradeSmart Brokerage Plan 2

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

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

IDBI Capital provides the margin of Upto 4x for intraday trades whereas the TradeSmart margin for intraday cash is 30x trading margin.

  IDBI Capital TradeSmart
Equity Delivery Nil 1x (no margin)
Equity Intraday Upto 4x 30x trading margin
Equity Futures Nil MIS: 3X | BO: 7X | CO: 7X
Equity Options Nil MIS: 3X | BO: 7X | CO: 7X
Currency Futures Nil MIS: 3X | BO: 3X | CO: 3X
Currency Options Nil MIS: 3X | BO: NA | CO: NA
Commodity Futures Nil MIS: 2X | BO: 6X | CO: 6X
Commodity Options MIS: NA | BO: NA | CO: NA
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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 Available 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 38 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 65 customer reviews.

  IDBI Capital TradeSmart
  38 Customer Reviews    Rate IDBI Capital 65 Customer Reviews    Rate TradeSmart
Fees 3.2 3.8
Trading Brokerage 2.6 4.4
Trading Platform Usability 2.6 3.7
Customer Service 2.9 4.0
Research Capabilities 3.0 2.5
Overall Ratings Rated 2.7 stars Rated 4.0 stars
Broker Rating IDBI Capital is rated 2.7 of 5 based on 38 customer reviews TradeSmart is rated 4.0 of 5 based on 65 customer reviews
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Contact Broker / Request A Call Back

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Contact Broker

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FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

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IDBI Capital Vs TradeSmart Investment Options

  IDBI Capital TradeSmart
Stock / Equity Yes Yes
Commodity No Yes
Currency No Yes
Initial Public Offers (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.
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • 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 ₹2000 per year for installable trading platform.
  • Call and Trade is charged at extra ₹20 per executed order.
  • Physical contract notes ₹20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹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

Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

Get this limited time offer
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