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Sharekhan Vs Trade Smart Online Share Broker Comparison

The side-by-side comparison of Sharekhan and Trade Smart Online stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan 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 Sharekhan and Trade Smart Online.

  Sharekhan Trade Smart Online
 
Sharekhan Logo Trade Smart Online Logo
About the Broker Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f... Know more about Sharekhan 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... Know more about Trade Smart Online
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Classic Account Power Plan (₹15/Order)
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Trade Smart Online. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Trade Smart Online
Trading Account Opening Fees ₹0 (Free) ₹200
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹200
Demat Account AMC ₹400 (Free for 1st year) ₹300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Trade Smart Online
Account Type Classic Account Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage 0.50% ₹15
Equity Intraday Brokerage 0.10% ₹15
Equity Futures Brokerage 0.10% ₹15
Equity Options Brokerage ₹50 per lot ₹15
Currency Futures Trading Brokerage 0.10% ₹15
Currency Options Trading Brokerage ₹30 per lot ₹15
Commodity Futures Trading Brokerage 0.03% ₹15
Commodity Options Trading Brokerage 0.03% ₹15

Brokerage Plan 2

  Sharekhan Trade Smart Online
Account Type Prepaid - ₹1 Lakh Value Plan
Fixed Charges ₹1,00,000 per year
Equity Delivery Brokerage 0.10% 0.007%
Equity Intraday Brokerage 0.015% 0.007%
Equity Futures Brokerage 0.015% 0.007%
Equity Options Brokerage 0.05% or ₹63 per lot ₹7 Per Lot
Currency Futures Trading Brokerage 0.007%
Currency Options Trading Brokerage ₹7 Per Lot
Commodity Futures Trading Brokerage 0.007%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan Trade Smart Online
Account Type Margin - ₹1 Lakh Power Plan (₹15/Order)
Fixed Charges ₹1,00,000 margin
Equity Delivery Brokerage 0.25% ₹15
Equity Intraday Brokerage 0.05% ₹15
Equity Futures Brokerage 0.05% ₹15
Equity Options Brokerage 1% or ₹70 per lot ₹15
Currency Futures Trading Brokerage ₹15
Currency Options Trading Brokerage ₹15
Commodity Futures Trading Brokerage ₹15
Commodity Options Trading Brokerage ₹15

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share ₹15
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 20 ₹20 per executed order
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Taxes

  Sharekhan Trade Smart Online
Securities Transaction Tax (STT)
  • 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)
  • 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)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Sharekhan Trade Smart Online
Equity Delivery NSE ₹325 | BSE ₹275 0.0035%
Equity Intraday NSE ₹325 | BSE ₹275 0.0035%
Equity Futures NSE ₹190 | BSE ₹50 0.0024%
Equity Options NSE ₹5000 | BSE ₹50 0.0715%
Currency Futures NSE ₹135 | MCX ₹130 0.00165%
Currency Options NSE ₹4220 | MCX ₹3220 0.06%
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 0.0039%
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Exposure

  Sharekhan Trade Smart Online
Equity Delivery Upto 5x with 24% interest per year 1x (no margin)
Equity Intraday Upto 10x 30x trading margin
Equity Futures 2x 7x trading margin
Equity Options Nil 7x trading margin
Currency Futures Nil 3x trading margin
Currency Options Nil 3x trading margin
Commodity Upto 2x 6x trading margin
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Share Broker Features

  Sharekhan Trade Smart Online
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile NEST, NOW, Spin
Intraday Square-off Time 3:30 PM Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features Pattern finder, Class room training
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Broker Ratings (Average User Rating)

  Sharekhan Trade Smart Online
  277 Customer Reviews    Rate Sharekhan 58 Customer Reviews    Rate Trade Smart Online
Fees Ratings 3.1 3.9
Trading Brokerage Rating 2.9 4.5
Trading Platform Usability 3.7 3.7
Customer Service Ratings 3.4 4.1
Overall Ratings Rated 3.4 stars Rated 4.1 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Trade Smart Online
Contact / Request Call Back
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Investment Options Available

  Sharekhan Trade Smart Online
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Loans, NRI Trading
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Customer Service Offered

  Sharekhan Trade Smart Online
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes No
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Order Type

  Sharekhan Trade Smart Online
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
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Research / Tips / Reports Published

  Sharekhan Trade Smart Online
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Sharekhan Trade Smart Online
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Sharekhan Trade Smart Online
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is 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
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat 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

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

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