SBI Securities Vs Trade Smart Online Share Broker Comparison
The side-by-side comparison of SBICAP Securities Ltd and Trade Smart Online stock brokers in India. The comparison below highlights the similarities and differences between SBI Securities 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 SBI Securities and Trade Smart Online.
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SBICAP Securities Ltd |
Trade Smart Online |
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| About the Broker |
SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd. Services offered by SBICAP includes Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services and E-Broking. They also provide online trading ...  |
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 |
BSE, NSE, MCX, NCDEX |
| Account Type
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eZ-trade |
Power Plan (₹15/Order) |
| Broker Enquiry |
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Stock Broker Fees / Charges
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SBICAP Securities Ltd |
Trade Smart Online |
| Trading Account Opening Fees
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₹850 |
₹300 |
| Trading Account AMC
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₹0 |
₹0 |
| Demat Account Opening Fees
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₹0 |
₹500 |
| Demat Account AMC
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₹500 |
₹300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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SBICAP Securities Ltd |
Trade Smart Online |
| Account Type |
eZ-trade |
Power Plan (₹15/Order) |
| Fixed Charges
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| Equity Delivery Brokerage
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0.50% |
₹15 |
| Equity Intraday Brokerage
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0.05% |
₹15 |
| Equity Futures Brokerage
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0.06% |
₹15 |
| Equity Options Brokerage
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₹100 per lot |
₹15 |
| Currency Futures Trading Brokerage
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0.03% |
₹15 |
| Currency Options Trading Brokerage
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Rs 30 per lot |
₹15 |
| Commodity Futures Trading Brokerage
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₹15 |
| Commodity Options Trading Brokerage
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₹15 |
Brokerage Plan 2
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SBICAP Securities Ltd |
Trade Smart Online |
| Account Type |
eZ-trade |
Value Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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0.50% |
0.007% |
| Equity Intraday Brokerage
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0.05% |
0.007% |
| Equity Futures Brokerage
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0.06% |
0.007% |
| Equity Options Brokerage
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₹100 per lot |
₹7 Per Lot |
| Currency Futures Trading Brokerage
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0.03% |
0.007% |
| Currency Options Trading Brokerage
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Rs 30 per lot |
₹7 Per Lot |
| Commodity Futures Trading Brokerage
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0.007% |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹0.05 for Cash, ₹0.01 Future |
₹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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₹10 per call (after 30 free calls a month) |
₹20 per executed order |
Taxes
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SBICAP Securities Ltd |
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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SBICAP Securities Ltd |
Trade Smart Online |
| Equity Delivery
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NSE: 0.00386% | BSE: 0.00384% |
0.0035% |
| Equity Intraday
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NSE: 0.00386% | BSE: 0.00384% |
0.0035% |
| Equity Futures
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NSE: 0.002206% (₹221/Crore) |
0.0024% |
| Equity Options
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NSE: 0.05515% (₹5515/Crore) |
0.0715% |
| Currency Futures
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0.002206% |
0.00165% |
| Currency Options
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NSE: 0.05515% (₹5515/Crore) |
0.06% |
| Commodity
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0.0039% |
Exposure
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SBICAP Securities Ltd |
Trade Smart Online |
| Equity Delivery
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1x (no margin) |
| Equity Intraday
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30x trading margin |
| Equity Futures
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7x trading margin |
| Equity Options
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7x 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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6x trading margin |
Share Broker Features
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SBICAP Securities Ltd |
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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ODIN Diet |
NEST, NOW |
| Intraday Square-off Time
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2:45 PM |
Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing |
| Other Features
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Broker Ratings (Average User Rating)
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SBICAP Securities Ltd |
Trade Smart Online |
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126 Customer Reviews  |
58 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 |
SBI Securities is Rated 2.6 / 5 based on 126 customer reviews |
Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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SBICAP Securities Ltd |
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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SBICAP Securities Ltd |
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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SBICAP Securities Ltd |
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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SBICAP Securities Ltd |
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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SBICAP Securities Ltd |
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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SBICAP Securities Ltd |
Trade Smart Online |
| Pros
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- Offer 3-in-1 account for seamless transactions.
- Full-service broker offering services online as well as through branches.
- Wide range of investment options.
- Free research reports are available.
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 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 knowledge base has lot information which is helpful for most customers.
More Advantages... |
| Cons
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- Installable Trading Terminal (exe) is not available for frequent traders.
- Good Till Cancelled (GTC) orders are not available.
- Very high brokerage.
- Commodity (MCX) trading is not available.
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.
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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 SBI Securities
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Enquire about Trade Smart Online
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Zero Account Opening Fee