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Sharekhan Vs TradeSmart (Compare Sharekhan and TradeSmart)

Sharekhan Logo

About Sharekhan
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 & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa... Know more about Sharekhan

VNS Finance & Capital Services Ltd Logo

About TradeSmart
TradeSmart is a Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmart is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorporated in 1994 to offer brokerage service to Indian Stock, Commodity & Currency market investors and trades through franchisee and sub brokers. TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodities and depository service of... Know more about VNS Finance & Capital Services Ltd

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Sharekhan Vs TradeSmart

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  Sharekhan TradeSmart
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 2000 1994
Number of Branches 2800 1
Enquire SharekhanOpen TradeSmart Account

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Sharekhan Vs TradeSmart Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while TradeSmart account opening changes is Rs 200. Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and TradeSmart Demat Account AMC Charges is Rs 300.

  Sharekhan TradeSmart
Trading Account Opening Charges Rs 0 (Free) Rs 200
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 200
Demat Account AMC Charges Rs 400 (Free for 1st year) Rs 300

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Sharekhan Vs TradeSmart Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.

Account Type Sharekhan Classic Account TradeSmart Power Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 15 per order
Equity Intraday 0.10% Rs 15 per order
Equity Futures 0.10% Rs 15 per order
Equity Options Rs 50 per lot Rs 15 per order
Currency Futures 0.10% Rs 15 per order
Currency Options Rs 30 per lot Rs 15 per order
Commodity Futures 0.03% Rs 15 per order
Commodity Options 0.03% Rs 15 per order
Special Offer
Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
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.

Sharekhan Vs TradeSmart Brokerage Plan 2

  Sharekhan TradeSmart
Account Type Prepaid - ₹1 Lakh Value Plan
Fixed Charges Rs 1,00,000 per year
Equity Delivery 0.10% 0.07%
Equity Intraday 0.015% 0.007%
Equity Futures 0.015% 0.007%
Equity Options 0.05% or Rs 63 per lot Rs 7 Per Lot
Currency Futures 0.007%
Currency Options Rs 7 Per Lot
Commodity Futures 0.007%
Commodity Options Rs 7 Per Lot
Enquire SharekhanOpen TradeSmart Account

Sharekhan Vs TradeSmart Brokerage Plan 3

  Sharekhan TradeSmart
Account Type Margin - ₹1 Lakh Power Plan
Fixed Charges Rs 1,00,000 margin NA
Equity Delivery 0.25% Rs 15 per order
Equity Intraday 0.05% Rs 15 per order
Equity Futures 0.05% Rs 15 per order
Equity Options 1% or Rs 70 per lot Rs 15 per order
Currency Futures Rs 15 per order
Currency Options Rs 15 per order
Commodity Futures Rs 15 per order
Commodity Options Rs 15 per order
Enquire SharekhanOpen TradeSmart Account

Sharekhan Charges Vs TradeSmart

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

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Sharekhan Vs TradeSmart Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while TradeSmart exchange transaction charges for options is 0.0715%.

  Sharekhan TradeSmart
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) 0.0035%
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) 0.0035%
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side) 0.0024%
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) 0.0715%
Currency Futures NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%) 0.00165%
Currency Options NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium) 0.06%
Commodity MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%) 0.0039%
Enquire SharekhanOpen TradeSmart Account

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Sharekhan Vs TradeSmart Leverage (Margin)

Sharekhan 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.

  Sharekhan 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)
Enquire SharekhanOpen TradeSmart Account

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Compare Sharekhan and TradeSmart Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. TradeSmart offers NEST, NOW, Spin trading software.

  Sharekhan TradeSmart
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 Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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
Referral Program Yes
Enquire SharekhanOpen TradeSmart Account

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Sharekhan Vs TradeSmart Review

Sharekhan is rated 3.3 of 5 based on 305 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

  Sharekhan TradeSmart
  305 Customer Reviews    Rate Sharekhan 67 Customer Reviews    Rate TradeSmart
Fees 3.0 3.8
Brokerage 2.8 4.4
Trading Platform 3.7 3.8
Customer Service 3.3 4.0
Research Capabilities 3.1 2.7
Overall Ratings Rated 3.3 stars Rated 4.0 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 305 customer reviews TradeSmart is rated 4.0 of 5 based on 67 customer reviews

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Contact Broker / Request A Call Back

  Sharekhan Enquire TradeSmart Enquire
Contact Broker Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.

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Sharekhan Vs TradeSmart Investment Options

  Sharekhan TradeSmart
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options Loans, NRI Trading

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Sharekhan Vs TradeSmart Order Type Offered

  Sharekhan TradeSmart
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
Enquire SharekhanOpen TradeSmart Account

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Sharekhan Vs TradeSmart Research Report

  Sharekhan TradeSmart
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Sharekhan Vs TradeSmart Suitable For Investor Type

  Sharekhan TradeSmart
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Sharekhan Vs TradeSmart - Pros and Cons

  Sharekhan TradeSmart
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.
  • 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
  • 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 Rs 400 as AMC for trading account in addition to Rs 400 for demat account.
  • 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:
Promo / Offers

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

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

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.

Enquire SharekhanOpen TradeSmart Account

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