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IIFL Securities Vs TradeSmart (Compare IIFL Securities and TradeSmart)


IIFL Securities Ltd Logo

IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL 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 as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities Ltd


VNS Finance & Capital Services Ltd Logo

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
Exchnage Membership NSE, BSE, MCX BSE, NSE, MCX
Year of Incorporation 1996 1994
Number of Branches 900 1
Open an Online Trading Account with IIFL Securities.Open an Online Trading Account with TradeSmart.
Open IIFL Securities AccountOpen TradeSmart Account
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IIFL Securities Vs TradeSmart Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while TradeSmart account opening changes is Rs 200. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and TradeSmart Demat Account AMC Charges is Rs 300.

  IIFL Securities TradeSmart
Trading Account Opening Charges Rs 0 (Free) Rs 200
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 200
Demat Account AMC Charges Rs 250 (Free for 1st year) Rs 300
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IIFL Securities Vs TradeSmart Brokerage Charges & Plans

IIFL Securities Vs TradeSmart Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.

  IIFL Securities TradeSmart
Account Type iServe Power Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) Rs 15 per order
Equity Intraday Rs 20 per order Rs 15 per order
Equity Futures Rs 20 per order Rs 15 per order
Equity Options Rs 20 per order Rs 15 per order
Currency Futures Rs 20 per order Rs 15 per order
Currency Options Rs 20 per order Rs 15 per order
Commodity Futures Rs 20 per order Rs 15 per order
Commodity Options Rs 20 per order Rs 15 per order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL 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.

IIFL Securities Vs TradeSmart Brokerage Plan 2

  IIFL Securities TradeSmart
Account Type iServe Value Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) 0.07%
Equity Intraday Rs 20 per order 0.007%
Equity Futures Rs 20 per order 0.007%
Equity Options Rs 20 per order Rs 7 Per Lot
Currency Futures Rs 20 per order 0.007%
Currency Options Rs 20 per order Rs 7 Per Lot
Commodity Futures Rs 20 per order 0.007%
Commodity Options Rs 20 per order Rs 7 Per Lot
Open IIFL Securities AccountOpen TradeSmart Account

IIFL Securities Charges Vs TradeSmart

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

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while TradeSmart exchange transaction charges for options is 0.0715%.

  IIFL Securities TradeSmart
Equity Delivery Rs 325 per Cr (0.00325%) 0.0035%
Equity Intraday Rs 325 per Cr (0.00325%) 0.0035%
Equity Futures Rs 210 per Cr (0.0021%) 0.0024%
Equity Options Rs 5100 per Cr (0.051%) (on premium) 0.0715%
Currency Futures Rs 210 per Cr (0.0021%) 0.00165%
Currency Options Rs 5100 per Cr (0.051%) (on premium) 0.06%
Commodity Group A - Rs 280 per Cr (0.0028%) 0.0039%
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IIFL Securities Vs TradeSmart Leverage (Margin)

IIFL Securities 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.

  IIFL Securities 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)
Open IIFL Securities AccountOpen TradeSmart Account
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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 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 119 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

  IIFL Securities TradeSmart
  119 Customer Reviews    Rate IIFL Securities 67 Customer Reviews    Rate TradeSmart
Fees 2.8 3.8
Brokerage 2.6 4.4
Trading Platform 3.2 3.8
Customer Service 2.7 4.0
Research Capabilities 3.3 2.7
Overall Ratings Rated 2.7 stars Rated 4.0 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 119 customer reviews TradeSmart is rated 4.0 of 5 based on 67 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire TradeSmart Enquire
Contact Broker Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL 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.
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IIFL Securities Vs TradeSmart Investment Options

  IIFL Securities TradeSmart
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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
Open IIFL Securities AccountOpen TradeSmart Account
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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 Yes
Trader Yes Yes
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IIFL Securities Vs TradeSmart - Pros and Cons

  IIFL Securities TradeSmart
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  • 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
  • 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:
Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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.

Open IIFL Securities AccountOpen TradeSmart Account

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IIFL Securities TradeSmart
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