Free Trading + Demat Account

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, exposure margin, demat account. Read TradeSmart and IDBI Capital review.

Find out IDBI Capital Vs TradeSmart which is better and IDBI Capital Vs TradeSmart which is best.

Our IDBI Capital Markets and Securities Ltd comparison with VNS Finance & Capital Services Ltd highlights the major differences between two brokers. Find the best between IDBI Capital and TradeSmart.

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IDBI Capital Vs TradeSmart

  IDBI Capital TradeSmart
Find more info about broker
IDBI Capital Markets and Securities Ltd Logo VNS Finance & Capital Services Ltd Logo
About the Broker 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 Part... Know more about IDBI Capital Markets and Securities Ltd 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 of... Know more about VNS Finance & Capital Services Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, NSDL BSE, NSE, MCX
Account Type Standard Plan Power Plan (₹15/Order)
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.
Year of Incorporation 1993 1994
Number of Branches 14 1
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IDBI Capital Vs TradeSmart Charges

  IDBI Capital TradeSmart
Trading Account Opening Fees Rs 500 ₹200
Trading Account AMC NIL ₹0
Demat Account Opening Fees NIL ₹200
Demat Account AMC Rs 450 ₹300
Demat Account is Mandatory? No No
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IDBI Capital Vs TradeSmart Brokerage

Brokerage Plan 1

  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 Rs 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

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 Rs 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

Other Charges

Minimum Brokerage Charges Rs 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 Taxes

  IDBI Capital TradeSmart
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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IDBI Capital Vs TradeSmart Transaction Charges

  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 Exposure 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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IDBI Capital and TradeSmart Feature Comparison

  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
Margin Against Shares (Equity F&O) 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 TradeSmart
  37 Customer Reviews    Rate IDBI Capital 58 Customer Reviews    Rate TradeSmart
Fees Ratings 3.2 3.9
Trading Brokerage Rating 2.6 4.5
Trading Platform Usability 2.6 3.7
Customer Service Ratings 2.9 4.1
Overall Ratings Rated 2.8 stars Rated 4.1 stars
Broker Rating IDBI Capital is Rated 2.8 / 5 based on 37 customer reviews TradeSmart is Rated 4.1 / 5 based on 58 customer reviews
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Contact Broker / Request A Call Back

  IDBI Capital Enquire TradeSmart Enquire
Contact Broker
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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 Customer Service

  IDBI Capital TradeSmart
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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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 - Advantages and Disadvantages

  IDBI Capital TradeSmart
Pros - Prepaid plans are available for volume traders.

More Advantages...

  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of ₹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 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. 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.
  • Trade Smart Online is in the stock broking industry since 1994.
  • TSO's online knowledge base has lot of information which is helpful for most customers.

More Advantages...

Cons - Additional charge of Rs 2000 per year for installable trading platform.

More Disadvantages...

  • 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.

More Disadvantages...

Reviews Useful Articles:
Promo / Offers

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