TradeSmart Vs AxisDirect (Compare TradeSmart and AxisDirect)

The side-by-side comparison of TradeSmart and AxisDirect. Compare TradeSmart Vs AxisDirect brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best TradeSmart vs AxisDirect?


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


AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers. AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa... Know more about Axis Securities

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TradeSmart Vs AxisDirect

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

  TradeSmart AxisDirect
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Power Plan (₹15/Order) Standard Brokerage Plan
Year of Incorporation 1994 2006
Number of Branches 1 56
Broker Enquiry Open an Online Trading Account with TradeSmart. Leave your contact info and we will get in touch with you. Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
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TradeSmart Vs AxisDirect Charges & AMC

TradeSmart trading account opening charges is ₹200 while AxisDirect account opening changes is ₹900. TradeSmart Demat Account AMC Charges is ₹300 and AxisDirect Demat Account AMC Charges is ₹650.

  TradeSmart AxisDirect
Trading Account Opening Charges ₹200 ₹900
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹200 ₹0
Demat Account AMC Charges ₹300 ₹650
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TradeSmart Vs AxisDirect Brokerage Charges & Plans

TradeSmart Vs AxisDirect Brokerage

TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.

  TradeSmart AxisDirect
Account Type Power Plan (₹15/Order) Standard Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹15 per executed order 0.50%
Equity Intraday Brokerage ₹15 per executed order 0.05%
Equity Futures Brokerage ₹15 per executed order 0.05%
Equity Options Brokerage ₹15 per executed order Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage ₹15 per executed order 0.05%
Currency Options Trading Brokerage ₹15 per executed order Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage ₹15 per executed order 0.03%
Commodity Options Trading Brokerage ₹15 per executed order ₹50 per lot
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

TradeSmart Vs AxisDirect Brokerage Plan 2

  TradeSmart AxisDirect
Account Type Value Plan Standard Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.007% 0.50%
Equity Intraday Brokerage 0.007% 0.05%
Equity Futures Brokerage 0.007% 0.05%
Equity Options Brokerage ₹7 Per Lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.007% 0.05%
Currency Options Trading Brokerage ₹7 Per Lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per l
Commodity Futures Trading Brokerage 0.007% 0.03%
Commodity Options Trading Brokerage ₹7 Per Lot ₹50 per lot
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TradeSmart Charges Vs AxisDirect

Minimum Brokerage Charges ₹15 per executed order ₹20 per trade
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹20 per executed order ₹20 per call
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TradeSmart Vs AxisDirect Transaction Charges

TradeSmart transaction charges for options is 0.0715% while AxisDirect exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium).

  TradeSmart AxisDirect
Equity Delivery 0.0035% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday 0.0035% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures 0.0024% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options 0.0715% NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures 0.00165% ₹190 per Cr (0.0019%)
Currency Options 0.06% ₹5000 per Cr (0.05%) (on premium)
Commodity 0.0039%
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TradeSmart Vs AxisDirect Leverage (Margin)

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the AxisDirect margin for intraday cash is Upto 10x.

  TradeSmart AxisDirect
Equity Delivery 1x (no margin) 100% (1x)
Equity Intraday 30x trading margin Upto 10x
Equity Futures MIS: 3X | BO: 7X | CO: 7X 100% (1x)
Equity Options MIS: 3X | BO: 7X | CO: 7X 100% (1x)
Currency Futures MIS: 3X | BO: 3X | CO: 3X 100% (1x)
Currency Options MIS: 3X | BO: NA | CO: NA 100% (1x)
Commodity Futures MIS: 2X | BO: 6X | CO: 6X 3x
Commodity Options MIS: NA | BO: NA | CO: NA 100% (1x)
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Compare TradeSmart and AxisDirect Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

  TradeSmart AxisDirect
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform NEST, NOW, Spin DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15
Other Features
Referral Program Yes Yes
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TradeSmart Vs AxisDirect Review

TradeSmart is rated 4.0 of 5 based on 64 customer reviews whereas AxisDirect is rated 2.1 of 5 based on 62 customer reviews.

  TradeSmart AxisDirect
  64 Customer Reviews    Rate TradeSmart 62 Customer Reviews    Rate AxisDirect
Fees 3.8 2.1
Trading Brokerage 4.4 1.8
Trading Platform Usability 3.7 2.7
Customer Service 4.0 2.3
Research Capabilities 3.0 2.9
Overall Ratings Rated 4.0 stars Rated 2.1 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 64 customer reviews AxisDirect is rated 2.1 of 5 based on 62 customer reviews
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  TradeSmart Enquire AxisDirect Enquire
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FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

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TradeSmart Vs AxisDirect Investment Options

  TradeSmart AxisDirect
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt No Yes
Other Investment Options Loans, ETF, Corporate FD
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TradeSmart Vs AxisDirect Order Type Offered

  TradeSmart AxisDirect
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes Yes
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TradeSmart Vs AxisDirect Research Report

  TradeSmart AxisDirect
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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TradeSmart Vs AxisDirect Suitable For Investor Type

  TradeSmart AxisDirect
Casual Investor Yes
Active Investor Yes
Trader Yes
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TradeSmart Vs AxisDirect - Pros and Cons

  TradeSmart AxisDirect
Pros
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • 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.
  1. Offers 3-in-1 investment account
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons
  • 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.
  • Minimum Average Quarterly Balance(AQB) of ₹75,000 in bank account is required. ₹250 per month fee if minimum balance not maintained.
  • Charges ₹250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at ₹2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged ₹20 extra per trade
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Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

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