iTradeOnline Vs Trustline (Compare iTradeOnline and Trustline)

iTradeOnline Vs Trustline

Incorporated in , iTradeOnline is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in , Trustline is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has branches across India.

	iTradeOnline	Trustline
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation
Number of Branches
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iTradeOnline Vs Trustline Charges & AMC

iTradeOnline trading account opening charges is Rs 0 (Free) while Trustline account opening changes is Rs 0 (Free). iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0 and Trustline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

	iTradeOnline	Trustline
Trading Account Opening Charges	Rs 0 (Free)	Rs 0 (Free)
Trading Account AMC Charges	Rs 0 (Free)	Rs 0 (Free)
Demat Account Opening Charges	Regular: Rs 0, Lifetime Free AMC: Rs 1000	Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0	Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0

iTradeOnline Vs Trustline Brokerage

iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower whereas Trustline brokerage charges for equity is 0.20% (20 paisa) and intraday is 0.02% (2 paisa).

	iTradeOnline	Trustline
Account Type	Pay Per Trade	Full-service Brokerage Plan
Fixed Charges	Rs 0
Equity Delivery	Rs 20 per executed order or .01% whichever is lower	0.20% (20 paisa)
Equity Intraday	Rs 20 per executed order or .01% whichever is lower	0.02% (2 paisa)
Equity Futures	Rs 20 per executed order or .01% whichever is lower	0.02% (2 paisa)
Equity Options	Rs 20 per executed order or .01% whichever is lower	Rs 75 per lot
Currency Futures	Rs 20 per executed order or .01% whichever is lower	0.02% (2 paisa)
Currency Options	Rs 20 per executed order or .01% whichever is lower	Rs 7.5 per lot
Commodity Futures	Rs 20 per executed order or .01% whichever is lower	Future: 0.02% (2 paisa) | Options: Rs 50 per lot
Commodity Options
Special Offer	Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback	Special Offer: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

iTradeOnline Charges Vs Trustline

Minimum Brokerage	Rs 0 (No Minimum Brokerage)	Rs 0 (No Minimum Brokerage)
Other Charges	Physical contact notes: Rs 20	Physical contact notes: Rs 20
Call & Trade Charges	Rs 0 (Free)	Rs 0 (Free)

iTradeOnline Vs Trustline Transaction Charges

iTradeOnline transaction charges for options is NSE Rs 5000 per crore (0.05%) while Trustline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

	iTradeOnline	Trustline
Equity Delivery	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)	NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures	NSE Rs 190 per crore (0.0019%)	NSE Rs 190 per crore (0.0019%)
Equity Options	NSE Rs 5000 per crore (0.05%)	NSE Rs 5000 per crore (0.05%)
Currency Futures	NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)	NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options	NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500	NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity	MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)	MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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iTradeOnline Vs Trustline Leverage (Margin)

iTradeOnline margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Trustline margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	iTradeOnline	Trustline
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare iTradeOnline and Trustline Features

The trading platforms offered iTradeOnline include Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.. Trustline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

	iTradeOnline	Trustline
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	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.	Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time	Equity: 3:15 PM, Commodity: 11:15 PM	Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program
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iTradeOnline Vs Trustline Review

iTradeOnline is rated 4.0 of 5 based on 7 customer reviews whereas Trustline is rated 4.0 of 5 based on 1 customer reviews.

	iTradeOnline	Trustline
	7 Customer Reviews	1 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	iTradeOnline is rated 4.0 of 5 based on 7 customer reviews	Trustline is rated 4.0 of 5 based on 1 customer reviews

iTradeOnline Vs Trustline Investment Options

	iTradeOnline	Trustline
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Insurance, Wealth Management	Insurance, Wealth Management

iTradeOnline Vs Trustline Order Type Offered

	iTradeOnline	Trustline
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
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iTradeOnline Vs Trustline Research Report

	iTradeOnline	Trustline
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

iTradeOnline Vs Trustline Suitable For Investor Type

	iTradeOnline	Trustline
Casual Investor
Active Investor
Trader

iTradeOnline Vs Trustline - Pros and Cons

	iTradeOnline	Trustline
Pros	Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Research based fundamental and technical analysis available to all the customers. Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.	Research based fundamental and technical analysis available to all the customers. Paperless account opening is available with eKYC and Aadhar integration All trading softwares including trading terminal are available for free. Uses trading platform of Omnesys which is industry leading trading software provider. Margin Against Share is available Short selling is available in NSE Cash segment only. After Hours Orders and Good Till Cancelled (GTC) orders are available. SMS Trade Alerts are available for free to all customers. Call & Trade is free for all customers.
Cons	Separate account needed for Mutual Funds investment. For iTradeOnline customers, the customer service is not available through 400+ Trustline branches. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API's are now available. Opening demat account along with the trading account is mandatory. No extra charge for intraday or expiry positions closed by the broker.	Separate account needed for Mutual Funds investment. Doesn't offer bracket orders. Online IPO, NCD, Corporate Bond investment is not available. Trading API is now available. No extra charge for intraday or expiry positions closed by the broker.
Reviews
Promo / Offers	Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.	Lifetime FREE AMC Demat Account - 50% Off Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening. This is a limited time offer. Simply leave your contact information with us and Trustline representatives will contact you.
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