Indiabulls Vs Trade Smart Online Share Broker Comparison
The side-by-side comparison of Indiabulls Ventures Limited and Trade Smart Online stock brokers in India. The comparison below highlights the similarities and differences between Indiabulls and Trade Smart Online's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Indiabulls and Trade Smart Online.
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Indiabulls Ventures Limited |
Trade Smart Online |
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| About the Broker |
Indiabulls Ventures Ltd (Formerly Indiabulls Securities) is the India-based Stock Broker. ISL is part of Indiabulls Group, a leading business house in India with businesses spread across many sectors including Infrastructure, Power, Real Estate and F...  |
Trade Smart Online (TSO) is Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. Trade Smart Online is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorp... |
Type of Broker
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MCX, NCDEX |
BSE, NSE, MCX, NCDEX |
| Account Type
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Power Indiabulls |
Power Plan (Rs 15/Order) |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Indiabulls Ventures Limited |
Trade Smart Online |
| Trading Account Opening Fees
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Rs 750 |
Rs 300 |
| Trading Account AMC
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NIL |
Rs 0 |
| Demat Account Opening Fees
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NIL |
Rs 500 |
| Demat Account AMC
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Rs 450 |
Rs 300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Indiabulls Ventures Limited |
Trade Smart Online |
| Account Type |
Power Indiabulls |
Power Plan (Rs 15/Order) |
| Fixed Charges
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| Equity Delivery Brokerage
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0.3% |
Rs 15 |
| Equity Intraday Brokerage
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0.03% |
Rs 15 |
| Equity Futures Brokerage
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0.03% |
Rs 15 |
| Equity Options Brokerage
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Rs100/Lot |
Rs 15 |
| Currency Futures Trading Brokerage
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0.03% |
Rs 15 |
| Currency Options Trading Brokerage
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Rs100/Lot |
Rs 15 |
| Commodity Futures Trading Brokerage
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0.03% |
Rs 15 |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Indiabulls Ventures Limited |
Trade Smart Online |
| Account Type |
Power Indiabulls |
Value Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.3% |
0.007% |
| Equity Intraday Brokerage
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0.03% |
0.007% |
| Equity Futures Brokerage
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0.03% |
0.007% |
| Equity Options Brokerage
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Rs100/Lot |
Rs 7 Per Lot |
| Currency Futures Trading Brokerage
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0.03% |
0.007% |
| Currency Options Trading Brokerage
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Rs100/Lot |
Rs 7 Per Lot |
| Commodity Futures Trading Brokerage
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0.03% |
0.007% |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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Indiabulls Ventures Limited |
Trade Smart Online |
| Account Type |
Power Indiabulls |
Infinity Plan (Unlimited Trading) |
| Fixed Charges
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Rs 3999 |
| Equity Delivery Brokerage
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0.3% |
Rs 0 |
| Equity Intraday Brokerage
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0.03% |
Rs 0 |
| Equity Futures Brokerage
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0.03% |
Rs 0 |
| Equity Options Brokerage
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Rs100/Lot |
Rs 0 |
| Currency Futures Trading Brokerage
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0.03% |
NA |
| Currency Options Trading Brokerage
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Rs100/Lot |
NA |
| Commodity Futures Trading Brokerage
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0.03% |
NA |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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3 paisa per share |
Rs 15 |
| Other Brokerage Charges
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Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order |
| Call & Trade Charges
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Rs 20 per executed order |
Taxes
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Indiabulls Ventures Limited |
Trade Smart Online |
| Securities Transaction Tax (STT)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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- Equity Intraday: 0.025% (on Sell trade)
- Equity Delivery: 0.1% (on Buy and Sell)
- Equity Futures: 0.01% (on Sell trade)
- Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Indiabulls Ventures Limited |
Trade Smart Online |
| Equity Delivery
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0.00325% |
0.0035% |
| Equity Intraday
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0.00325% |
0.0035% |
| Equity Futures
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0.0025% |
0.0024% |
| Equity Options
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0.055% on Premium |
0.0715% |
| Currency Futures
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0.0025% |
0.00165% |
| Currency Options
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0.055% on Premium |
0.06% |
| Commodity
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0.003% |
0.0039% |
Exposure
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Indiabulls Ventures Limited |
Trade Smart Online |
| Equity Delivery
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4x trading margin though EquiMax funding* (with 0.05% delayed payment charges) |
| Equity Intraday
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30x trading margin |
| Equity Futures
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5x trading margin |
| Equity Options
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5x trading margin |
| Currency Futures
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3x trading margin |
| Currency Options
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3x trading margin |
| Commodity
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5x trading margin |
Share Broker Features
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Indiabulls Ventures Limited |
Trade Smart Online |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Power Indiabulls |
NEST, NOW |
| Intraday Square-off Time
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Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing |
| Other Features
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Mobile Application: Power Indiabulls Mobile |
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Broker Ratings (Average User Rating)
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Indiabulls Ventures Limited |
Trade Smart Online |
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44 Customer Reviews  |
57 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Indiabulls is Rated 3.2 / 5 based on 44 customer reviews |
Trade Smart Online is Rated 4.1 / 5 based on 57 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Indiabulls Ventures Limited |
Trade Smart Online |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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Indiabulls Ventures Limited |
Trade Smart Online |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Indiabulls Ventures Limited |
Trade Smart Online |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Indiabulls Ventures Limited |
Trade Smart Online |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Indiabulls Ventures Limited |
Trade Smart Online |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Indiabulls Ventures Limited |
Trade Smart Online |
| Pros
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- Indiabulls has good network of branches across India.
- Brokerage is negotiable and can be reduced up to 50-60%.
- Power Indiabulls is available for Apple's Mac and Linux OS.
- 10 times exposure for intraday trades.
- Indiabulls provides trading platforms which are easy to use, rich in features and to suite different customer needs. Power Indiabulls Trading Terminal, Online Trading Website and Mobile Power Indiabulls trading platform are 3 platforms offered by them.
- Indiabulls has branches and sub brokers in almost every city in India. This helps customers who feel comfortable dealing with people.
- Indiabulls offers 2-in-1 account which includes share trading and demat account.
More Advantages... |
- EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of Rs 1000.
- Unlike most of the discount brokers; Trade Smart Online offers 3 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 investing 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 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 knowledgebase has lot information which is helpful for most customers.
More Advantages... |
| Cons
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- Power Indiabulls Trading Terminal cost Rs 750 one time change.
- There are no standard rates, fees or brokerage published on website. You should be very careful with hidden changes.
- No centralized support or sales team. Business is done through branches and sub-brokers.
- Indiabulls doesn't provide 3-in-1 account
More Disadvantages... |
- 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.
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More Disadvantages... |
| Reviews
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Useful Articles:
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| Promo / Offers
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Enquire about Indiabulls
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Enquire about Trade Smart Online
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