Free Trading + Demat Account

TradeSmart Vs AxisDirect (Compare TradeSmart and AxisDirect)

The side-by-side comparison of TradeSmart and AxisDirect. Compare TradeSmart Vs AxisDirect brokerage, charges, exposure margin, demat account. Read AxisDirect and TradeSmart review.

Find out TradeSmart Vs AxisDirect which is better and TradeSmart Vs AxisDirect which is best.

Our VNS Finance & Capital Services Ltd comparison with Axis Securities highlights the major differences between two brokers. Find the best between TradeSmart and AxisDirect.

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TradeSmart Vs AxisDirect

  TradeSmart AxisDirect
Find more info about broker
VNS Finance & Capital Services Ltd Logo Axis Securities Logo
About the Broker 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 of... Know more about VNS Finance & Capital Services Ltd 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 AxisDir... Know more about Axis Securities
Type of Broker Discount Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Power Plan (₹15/Order) Trade@20 (SA75000)
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.
Year of Incorporation 1994 2006
Number of Branches 1 56
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TradeSmart Vs AxisDirect Charges

  TradeSmart AxisDirect
Trading Account Opening Fees ₹200 ₹900 (3 in 1 account)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹200 ₹0
Demat Account AMC ₹300 ₹650 (free for 1st year)
Demat Account is Mandatory? No No
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TradeSmart Vs AxisDirect Brokerage

Brokerage Plan 1

  TradeSmart AxisDirect
Account Type Power Plan (₹15/Order) Trade@20 (SA75000)
Fixed Charges
Equity Delivery Brokerage ₹15 per executed order ₹20 per executed order
Equity Intraday Brokerage ₹15 per executed order ₹20 per executed order
Equity Futures Brokerage ₹15 per executed order ₹20 per executed order
Equity Options Brokerage ₹15 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹15 per executed order NA
Currency Options Trading Brokerage ₹15 per executed order NA
Commodity Futures Trading Brokerage ₹15 per executed order NA
Commodity Options Trading Brokerage ₹15 per executed order NA

Brokerage Plan 2

  TradeSmart AxisDirect
Account Type Value Plan Fixed Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.007% 0.50% (Each Leg)
Equity Intraday Brokerage 0.007% 0.05% (Each Leg)
Equity Futures Brokerage 0.007% 0.05% (Each Leg)
Equity Options Brokerage ₹7 Per Lot Intraday: ₹0.01 per lot | Carry Forward: ₹10 per lot
Currency Futures Trading Brokerage 0.007% 0.05% (Each Leg)
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% (Each Leg)
Commodity Options Trading Brokerage ₹7 Per Lot ₹50 per lot

Other Charges

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 Taxes

  TradeSmart AxisDirect
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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TradeSmart Vs AxisDirect Transaction Charges

  TradeSmart AxisDirect
Equity Delivery 0.0035% 0.00325% (₹325/Cr)
Equity Intraday 0.0035% 0.00325% (₹325/Cr)
Equity Futures 0.0024% 0.0019% (₹190/Cr)
Equity Options 0.0715% 0.05% (₹5000/crore)
Currency Futures 0.00165% 0.0019% (₹190/Cr)
Currency Options 0.06% 0.05% (₹5000/crore)
Commodity 0.0039%
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TradeSmart Vs AxisDirect Exposure Margin

  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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TradeSmart and AxisDirect Feature Comparison

  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
Margin Against Shares (Equity F&O) 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 AxisDirect
  58 Customer Reviews    Rate TradeSmart 48 Customer Reviews    Rate AxisDirect
Fees Ratings 3.9 2.0
Trading Brokerage Rating 4.5 1.8
Trading Platform Usability 3.7 2.7
Customer Service Ratings 4.1 2.4
Overall Ratings Rated 4.1 stars Rated 2.2 stars
Broker Rating TradeSmart is Rated 4.1 / 5 based on 58 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire AxisDirect Enquire
Contact Broker
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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 Customer Service

  TradeSmart AxisDirect
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches No Yes
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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 - Advantages and Disadvantages

  TradeSmart AxisDirect
Pros
  • 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 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. 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.
  • Trade Smart Online is in the stock broking industry since 1994.
  • TSO's online knowledge base has lot of information which is helpful for most customers.

More Advantages...

  1. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

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.

More Disadvantages...

  • 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

More Disadvantages...

Reviews Useful Articles:
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