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IIFL Securities Vs TradeSmart (Compare IIFL Securities and TradeSmart)

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


IIFL Securities
Incorporated in 1995, IIFL Securities is a stock broker part of IIFL Group. IIFL Group a leading financial service provider in India offering a wide range of services. It is a well-recognized brand for the quality of its advice, personalized service and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products including Stocks, Derivatives, Commodities, Insurance, FDs, Loans, IPO and Bonds etc. They ... Know more about IIFL Securities Limited


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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IIFL Securities Vs TradeSmart

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  IIFL Securities TradeSmart
Type of Broker Full Service Broker Discount Broker
Supported Exchnages NSE, BSE, MCX BSE, NSE, MCX
Account Type Flat Brokerage Plan (FBP) Power Plan (₹15/Order)
Year of Incorporation 1996 1994
Number of Branches 900 1
Broker Enquiry Open an Online Trading Account with IIFL Securities. 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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IIFL Securities Vs TradeSmart Charges & AMC

IIFL Securities trading account opening charges is ₹750 while TradeSmart account opening changes is ₹200. IIFL Securities Demat Account AMC Charges is ₹400 per year and TradeSmart Demat Account AMC Charges is ₹300.

  IIFL Securities TradeSmart
Trading Account Opening Charges ₹750 ₹200
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹200
Demat Account AMC Charges ₹400 per year ₹300
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IIFL Securities Vs TradeSmart Brokerage Charges & Plans

IIFL Securities Vs TradeSmart Brokerage

IIFL Securities 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.

  IIFL Securities TradeSmart
Account Type Flat Brokerage Plan (FBP) Power Plan (₹15/Order)
Fixed Charges NA
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 1% of Premium or ₹100 per lot, whichever is high ₹15 per executed order
Currency Futures Trading Brokerage 0.05% ₹15 per executed order
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹15 per executed order
Commodity Futures Trading Brokerage 0.05% ₹15 per executed order
Commodity Options Trading Brokerage 1% of Premium or ₹100 per lot, whichever is high ₹15 per executed order
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

IIFL Securities Vs TradeSmart Brokerage Plan 2

  IIFL Securities TradeSmart
Account Type Variable Brokerage Plan (VBP) Value Plan
Fixed Charges NA
Equity Delivery Brokerage 0.15% to 0.60% 0.007%
Equity Intraday Brokerage 0.02% to 0.05% 0.007%
Equity Futures Brokerage 0.02% to 0.05% 0.007%
Equity Options Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever is higher ₹7 Per Lot
Currency Futures Trading Brokerage 0.02% to 0.05% 0.007%
Currency Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹7 Per Lot
Commodity Futures Trading Brokerage 0.02% to 0.05% 0.007%
Commodity Options Trading Brokerage 1% to 2.5% of premium or ₹100 per lot, whichever i ₹7 Per Lot
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IIFL Securities Vs TradeSmart Brokerage Plan 3

  IIFL Securities TradeSmart
Account Type Advance Brokerage Plan (Prepaid) Power Plan (₹15/Order)
Fixed Charges ₹5,000 to ₹1,00,000
Equity Delivery Brokerage 0.35% to 0.05% ₹15 per executed order
Equity Intraday Brokerage 0.04% to 0.01% ₹15 per executed order
Equity Futures Brokerage 0.04% to 0.01% ₹15 per executed order
Equity Options Brokerage 1% of premium to flat ₹20 per lot ₹15 per executed order
Currency Futures Trading Brokerage 0.04% to 0.01% ₹15 per executed order
Currency Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹15 per executed order
Commodity Futures Trading Brokerage 0.04% to 0.01% ₹15 per executed order
Commodity Options Trading Brokerage 1% of premium to flat ₹20 per lot ₹15 per executed order
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IIFL Securities Charges Vs TradeSmart

Minimum Brokerage Charges ₹0.05 per share (₹25 Min) ₹15 per executed order
Other Brokerage Charges Advisory SMS - ₹50 per month Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹50 per call ₹20 per executed order
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IIFL Securities Vs TradeSmart Transaction Charges

IIFL Securities transaction charges for options is 0.051% on premium while TradeSmart exchange transaction charges for options is 0.0715%.

  IIFL Securities TradeSmart
Equity Delivery 0.00325% 0.0035%
Equity Intraday 0.00325% 0.0035%
Equity Futures 0.0021% 0.0024%
Equity Options 0.051% on premium 0.0715%
Currency Futures 0.0021% 0.00165%
Currency Options 0.051% on premium 0.06%
Commodity 0.0028% 0.0039%
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IIFL Securities Vs TradeSmart Leverage (Margin)

IIFL Securities provides the margin of Upto 20x for intraday trades whereas the TradeSmart margin for intraday cash is 30x trading margin.

  IIFL Securities TradeSmart
Equity Delivery Upto 3x (18% Annual Interest) 1x (no margin)
Equity Intraday Upto 20x 30x trading margin
Equity Futures Upto 3x MIS: 3X | BO: 7X | CO: 7X
Equity Options 3x for shorting MIS: 3X | BO: 7X | CO: 7X
Currency Futures Upto 2x MIS: 3X | BO: 3X | CO: 3X
Currency Options 2x for shorting MIS: 3X | BO: NA | CO: NA
Commodity Futures Upto 3x MIS: 2X | BO: 6X | CO: 6X
Commodity Options MIS: NA | BO: NA | CO: NA
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Compare IIFL Securities and TradeSmart Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. TradeSmart offers NEST, NOW, Spin trading software.

  IIFL Securities TradeSmart
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App NEST, NOW, Spin
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features
Referral Program Yes
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IIFL Securities Vs TradeSmart Review

IIFL Securities is rated 2.7 of 5 based on 110 customer reviews whereas TradeSmart is rated 4.1 of 5 based on 61 customer reviews.

  IIFL Securities TradeSmart
  110 Customer Reviews    Rate IIFL Securities 61 Customer Reviews    Rate TradeSmart
Fees 2.8 3.8
Trading Brokerage 2.6 4.4
Trading Platform Usability 3.3 3.8
Customer Service 2.7 4.0
Research Capabilities 3.7
Overall Ratings Rated 2.7 stars Rated 4.1 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 110 customer reviews TradeSmart is rated 4.1 of 5 based on 61 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire TradeSmart Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

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

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IIFL Securities Vs TradeSmart Investment Options

  IIFL Securities TradeSmart
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Insurance
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IIFL Securities Vs TradeSmart Order Type Offered

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

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

  IIFL Securities TradeSmart
Casual Investor
Active Investor Yes
Trader Yes Yes
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IIFL Securities Vs TradeSmart - Advantages and Disadvantages

  IIFL Securities TradeSmart
Pros
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

  • 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.

More Advantages...

Cons
  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

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 Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

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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