FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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About 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 offers...
About TradeSmart
TradeSmart is a Mumbai-based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmartFintech Securities Ltd, formerly registered as VNS Finance & Capital Services Ltd; is a traditional brokerage company incorporated in 1994 to offer brokerage services to Indian Stock, Commodity & Currency market investors and traders through franchisees and sub-brokers.
TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodi...
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 | |
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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 TradeSmart Account |
IDBI Capital trading account opening charges is Rs 500 while TradeSmart account opening changes is Free. IDBI Capital Demat Account AMC Charges is Rs 450 and TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free).
IDBI Capital | TradeSmart | |
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Trading Account Opening Charges | Rs 500 | Free |
Trading Account AMC Charges | NIL | Rs 0 |
Demat Account Opening Charges | NIL | Free |
Demat Account AMC Charges | Rs 450 | Rs 300 (1st Year Free) |
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 Card Rate 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 (Flat Rs 20 Per Trade) 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 | TradeSmart | |
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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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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 transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while TradeSmart exchange transaction charges for options is NSE Rs 7750 per Cr (0.0775%) | BSE Rs 4950 per Cr (0.0495%) (on premium).
IDBI Capital | TradeSmart | |
---|---|---|
Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 238 per Cr (0.00238%) | BSE Rs 500 per Cr (0.005%) |
Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) | NSE Rs 7750 per Cr (0.0775%) | BSE Rs 4950 per Cr (0.0495%) (on premium) |
Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | NSE Rs 165 per Cr (0.00165%) | BSE Rs 165 per Cr (0.00165%) |
Currency Options | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE Rs 5500 per Cr (0.055%) | BSE Rs 400 per Cr (0.004%) (on premium) |
Commodity | NA | 0.0039% |
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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 | |
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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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The trading platforms offered IDBI Capital include Power Pro, Power Streaming, IDBI Direct. TradeSmart offers Mobile trading app, Desktop trading application, Browser, APIs trading software.
IDBI Capital | TradeSmart | |
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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 | Mobile trading app, Desktop trading application, Browser, APIs |
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 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 Enquire | TradeSmart Enquire | |
---|---|---|
Contact Broker | 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. | 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 | TradeSmart | |
---|---|---|
Stock / Equity | ||
Commodity | ||
Currency | ||
IPO | ||
Mutual Funds | ||
Bond / NCD | ||
Debt | ||
Other Investment Options |
IDBI Capital | TradeSmart | |
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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 | TradeSmart | |
---|---|---|
Daily Market Report | ||
Free Tips | ||
Quarterly Result Analysis | ||
News Alerts |
IDBI Capital | TradeSmart | |
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Casual Investor | ||
Active Investor | ||
Trader |
IDBI Capital | TradeSmart | |
---|---|---|
Pros | - Prepaid plans are available for volume traders. |
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Cons | - Additional charge of Rs 2000 per year for installable trading platform. |
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Reviews | Useful Articles:
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Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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TradeSmart Special OfferFlat Rs 15 per trade (FREE Account Opening)
This is a limited-time offer. Open Instant TradeSmart Account online and start trading today. |
Open TradeSmart Account |
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FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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