IIFL Securities Vs TradeSmart (Compare IIFL Securities and TradeSmart)

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 IIFL Securities Account	Open TradeSmart Account

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

IIFL Securities Vs TradeSmart Brokerage

IIFL Securities brokerage charges for equity is Rs 20 per order 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.

Account Type	IIFL Securities iServe	TradeSmart Power Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 20 per order	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: Pay flat Rs 20 per trade for Delivery, 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 20 per order	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 Account	Open 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

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%
	Open IIFL Securities Account	Open TradeSmart Account

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 Account	Open TradeSmart Account

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
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	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
Trading In SME Shares Allowed?
Referral Program
Other Features
	Open IIFL Securities Account	Open TradeSmart Account

IIFL Securities Vs TradeSmart Review

IIFL Securities is rated 2.6 of 5 based on 128 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

	IIFL Securities	TradeSmart
	128 Customer Reviews	67 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	IIFL Securities is rated 2.6 of 5 based on 128 customer reviews	TradeSmart is rated 4.0 of 5 based on 67 customer reviews

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IIFL Securities Vs TradeSmart Investment Options

	IIFL Securities	TradeSmart
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance

IIFL Securities Vs TradeSmart Order Type Offered

	IIFL Securities	TradeSmart
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open IIFL Securities Account	Open TradeSmart Account

IIFL Securities Vs TradeSmart Research Report

	IIFL Securities	TradeSmart
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

IIFL Securities Vs TradeSmart Suitable For Investor Type

	IIFL Securities	TradeSmart
Casual Investor
Active Investor
Trader

IIFL Securities Vs TradeSmart - Pros and Cons

	IIFL Securities	TradeSmart
Pros	Full-service broker offering quality research and recommendations. Flat Rs 20 per trade brokerage for Intraday & F&O. IIFL offers Equity SIP and Mutual Fund SIP. Margin funding is available. 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	Margin funding is given to the customers without notice. This cases major confusion and customer paying hefty interest charges. Equity delivery brokerage is charged at flat Rs 20 per trade. It doesn't offer Direct Mutual Funds. Call & trade changes are Rs 50 per call.	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: Know more about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)
Promo / Offers	IIFL Securities Special Offer Flat Rs 20 Per Trade Brokerage + Free Account Opening Flat Rs 20 per trade brokerage for delivery, 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.	TradeSmart Special Offer 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 Account	Open TradeSmart Account