Unlimited Trading @ Rs 899 per month - Prostocks

IIFL Vs TradeSmart (Compare IIFL and TradeSmart)

The side-by-side comparison of IIFL and TradeSmart. Compare IIFL Vs TradeSmart brokerage, charges, exposure margin, demat account. Read TradeSmart and IIFL review.

Find out IIFL Vs TradeSmart which is better and IIFL Vs TradeSmart which is best.

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


IIFL Vs TradeSmart

  IIFL TradeSmart
Find more info about broker
IIFL Securities Limited Logo VNS Finance & Capital Services Ltd Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about IIFL Securities Limited 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 NSE, BSE, MCX BSE, NSE, MCX
Account Type Standard Account Power Plan (₹15/Order)
Broker Enquiry Open an Online Trading Account with IIFL. 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 1996 1994
Number of Branches 900 1
Enquire IIFL Enquire TradeSmart

IIFL Vs TradeSmart Charges

  IIFL TradeSmart
Trading Account Opening Fees ₹750 ₹200
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹555 ₹200
Demat Account AMC ₹ 400 (One time) ₹300
Demat Account is Mandatory? No No

IIFL Vs TradeSmart Brokerage

Brokerage Plan 1

  IIFL TradeSmart
Account Type Standard Account 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 1% of Premium or ₹100 per lot whichever is high ₹15 per executed order
Currency Futures Trading Brokerage ₹25 per lot ₹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 ₹15 per executed order

Brokerage Plan 2

  IIFL TradeSmart
Account Type Standard Account Value Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.007%
Equity Intraday Brokerage 0.05% 0.007%
Equity Futures Brokerage 0.05% 0.007%
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹7 Per Lot
Currency Futures Trading Brokerage ₹25 per lot 0.007%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹7 Per Lot
Commodity Futures Trading Brokerage 0.05% 0.007%
Commodity Options Trading Brokerage ₹7 Per Lot

Other Charges

Minimum Brokerage Charges ₹0.05 per share ₹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

IIFL Vs TradeSmart Taxes

  IIFL 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.

IIFL Vs TradeSmart Transaction Charges

  IIFL 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%

IIFL Vs TradeSmart Exposure Margin

  IIFL TradeSmart
Equity Delivery Upto 3x with 18% interest per year 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

IIFL and TradeSmart Feature Comparison

  IIFL TradeSmart
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TT Exe, TT Web, IIFL Markets 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 Market Mantra, Loyalty Points
Referral Program Yes

IIFL Vs TradeSmart Review

  IIFL TradeSmart
  105 Customer Reviews    Rate IIFL 60 Customer Reviews    Rate TradeSmart
Fees Ratings 2.9 3.8
Trading Brokerage Rating 2.6 4.5
Trading Platform Usability 3.3 3.7
Customer Service Ratings 2.7 4.0
Overall Ratings Rated 2.7 stars Rated 4.1 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 105 customer reviews TradeSmart is Rated 4.1 / 5 based on 60 customer reviews

Contact Broker / Request A Call Back

  IIFL Enquire TradeSmart Enquire
Contact Broker

IIFL Vs TradeSmart Investment Options

  IIFL TradeSmart
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes
Debt Yes No
Other Investment Options

IIFL Vs TradeSmart Customer Service

  IIFL TradeSmart
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No

IIFL Vs TradeSmart Order Type Offered

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

IIFL Vs TradeSmart Research Report

  IIFL TradeSmart
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

IIFL Vs TradeSmart Suitable For Investor Type

  IIFL TradeSmart
Casual Investor Yes
Active Investor Yes
Trader Yes

IIFL Vs TradeSmart - Advantages and Disadvantages

  IIFL TradeSmart
  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 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...

  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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