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Trade Smart Online Vs Fyers (Compare Trade Smart Online and Fyers)

The side-by-side comparison of Trade Smart Online and Fyers. Compare Trade Smart Online Vs Fyers brokerage, charges, exposure margin, demat account. Read Fyers and Trade Smart Online review.

Find out Trade Smart Online Vs Fyers which is better and Trade Smart Online Vs Fyers which is best.

Our Trade Smart Online comparison with Fyers Securities Ltd highlights the major differences between two brokers. Find the best between Trade Smart Online and Fyers.

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Trade Smart Online Vs Fyers

  Trade Smart Online Fyers Securities Ltd
 
Trade Smart Online Logo Fyers Securities Ltd Logo
About the Broker 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 Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representi... Know more about Fyers Securities Ltd
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX NSE, MCX
Account Type Power Plan (₹15/Order) Flat Fee Brokerage Plan
Broker Enquiry Open an Online Trading Account with Trade Smart Online. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994 2015
Number of Branches 1 0
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Trade Smart Online Vs Fyers Charges

  Trade Smart Online Fyers Securities Ltd
Trading Account Opening Fees ₹200 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹200 ₹0 (Free)
Demat Account AMC ₹300 ₹400
Demat Account is Mandatory? No No
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Trade Smart Online Vs Fyers Brokerage

Brokerage Plan 1

  Trade Smart Online Fyers Securities Ltd
Account Type Power Plan (₹15/Order) Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹15 ₹0 (Free)
Equity Intraday Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹15 ₹20 per executed order
Currency Futures Trading Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹15 ₹20 per executed order
Commodity Futures Trading Brokerage ₹15 NA
Commodity Options Trading Brokerage ₹15

Brokerage Plan 2

  Trade Smart Online Fyers Securities Ltd
Account Type Value Plan Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage 0.007% ₹0 (Free)
Equity Intraday Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹7 Per Lot ₹20 per executed order
Currency Futures Trading Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹7 Per Lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.007% NA
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹15
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges ₹20 per executed order ₹20 per trade
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Trade Smart Online Vs Fyers Taxes

  Trade Smart Online Fyers Securities Ltd
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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Trade Smart Online Vs Fyers Transaction Charges

  Trade Smart Online Fyers Securities Ltd
Equity Delivery 0.0035% ₹325 per crore (0.00325%)
Equity Intraday 0.0035% ₹325 per crore (0.00325%)
Equity Futures 0.0024% ₹240 per crore (0.0024%)
Equity Options 0.0715% ₹5900 per crore (on premium) (0.059%)
Currency Futures 0.00165% ₹240 per crore (0.0024%)
Currency Options 0.06% ₹5900 per crore (on premium) (0.059%)
Commodity 0.0039% NA
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Trade Smart Online Vs Fyers Exposure Margin

  Trade Smart Online Fyers Securities Ltd
Equity Delivery 1x (no margin) 1 times
Equity Intraday 30x trading margin Up to 16x (based on the stock)
Equity Futures 7x trading margin Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 7x trading margin Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures 3x trading margin Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 3x trading margin Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures 6x trading margin NA
Commodity Options
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Trade Smart Online and Fyers Feature Comparison

  Trade Smart Online Fyers Securities Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes No
Online Portfolio No Yes
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform NEST, NOW, Spin Fyers One (In-house build)
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:20 PM
Other Features Brokerage free thematic investing is available
Referral Program Yes
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Trade Smart Online Vs Fyers Review

  Trade Smart Online Fyers Securities Ltd
  58 Customer Reviews    Rate Trade Smart Online 8 Customer Reviews    Rate Fyers
Fees Ratings 3.9 3.1
Trading Brokerage Rating 4.5 3.9
Trading Platform Usability 3.7 3.0
Customer Service Ratings 4.1 4.0
Overall Ratings Rated 4.1 stars Rated 3.6 stars
Broker Rating Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews Fyers is Rated 3.6 / 5 based on 8 customer reviews
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Contact Broker / Request A Call Back

  Trade Smart Online Fyers Securities Ltd
Contact / Request Call Back
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Trade Smart Online Vs Fyers Investment Options

  Trade Smart Online Fyers Securities Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No No
Other Investment Options
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Trade Smart Online Vs Fyers Customer Service

  Trade Smart Online Fyers Securities Ltd
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches No No
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Trade Smart Online Vs Fyers Order Type Offered

  Trade Smart Online Fyers Securities Ltd
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Trade Smart Online Vs Fyers Research Report

  Trade Smart Online Fyers Securities Ltd
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Trade Smart Online Vs Fyers Suitable For Investor Type

  Trade Smart Online Fyers Securities Ltd
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Trade Smart Online Vs Fyers - Advantages and Disadvantages

  Trade Smart Online Fyers Securities Ltd
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 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...

  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!

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...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

More Disadvantages...

Reviews Useful Articles:
Promo / Offers

Limited Time Offer - Free Account Opening (₹400 waived)

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

Get this limited time offer

Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.

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

Enquire about Trade Smart Online Enquire about Fyers
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