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Trade Smart Online Vs Fyers Share Broker Comparison

The side-by-side comparison of Trade Smart Online and Fyers Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between Trade Smart Online and Fyers'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 Trade Smart Online and 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 What is this parameter? Discount Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX, NCDEX NSE, MCX
Account Type What is this parameter? Power Plan (Rs 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.
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Stock Broker Fees / Charges

  Trade Smart Online Fyers Securities Ltd
Trading Account Opening Fees What is this parameter? Rs 300 ₹0 (Free)
Trading Account AMC What is this parameter? Rs 0 ₹0 (Free)
Demat Account Opening Fees What is this parameter? Rs 500 ₹0 (Free)
Demat Account AMC What is this parameter? Rs 300 ₹400
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

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

Brokerage Plan 2

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

Brokerage Plan 3

  Trade Smart Online Fyers Securities Ltd
Account Type Infinity Plan (Unlimited Trading) Flat Fee Brokerage Plan
Fixed Charges What is this parameter? Rs 3999 NA
Equity Delivery Brokerage What is this parameter? Rs 0 ₹0 (Free)
Equity Intraday Brokerage What is this parameter? Rs 0 ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? Rs 0 ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? Rs 0 ₹20 per executed order
Currency Futures Trading Brokerage What is this parameter? NA ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? NA ₹20 per executed order
Commodity Futures Trading Brokerage What is this parameter? NA NA
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 15
Other Brokerage Charges What is this parameter? 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 What is this parameter? Rs 20 per executed order ₹20 per trade
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Taxes

  Trade Smart Online Fyers Securities Ltd
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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

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

  Trade Smart Online Fyers Securities Ltd
Equity Delivery What is this parameter? 4x trading margin though EquiMax funding* (with 0.05% delayed payment charges) 1 times
Equity Intraday What is this parameter? 30x trading margin Up to 16x (based on the stock)
Equity Futures What is this parameter? 5x trading margin Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options What is this parameter? 5x trading margin Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures What is this parameter? 3x trading margin Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options What is this parameter? 3x trading margin Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity What is this parameter? 5x trading margin NA
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Share Broker Features

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

  Trade Smart Online Fyers Securities Ltd
  57 Customer Reviews    Rate Trade Smart Online 7 Customer Reviews    Rate Fyers
Fees Ratings 3.9 3.1
Trading Brokerage Rating 4.5 4.3
Trading Platform Usability 3.8 3.3
Customer Service Ratings 4.1 3.9
Overall Ratings Rated 4.1 stars Rated 3.9 stars
Broker Rating Trade Smart Online is Rated 4.1 / 5 based on 57 customer reviews Fyers is Rated 3.9 / 5 based on 7 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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Investment Options Available

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

  Trade Smart Online Fyers Securities Ltd
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? Yes No
Through Branches What is this parameter? No No
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Order Type

  Trade Smart Online Fyers Securities Ltd
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  Trade Smart Online Fyers Securities Ltd
Daily Market Report What is this parameter? No No
Free Tips What is this parameter? No No
Quarterly Result Analysis What is this parameter? No No
News Alerts What is this parameter? No No
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Suitable for Investor Category

  Trade Smart Online Fyers Securities Ltd
Casual Investor What is this parameter?
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Trade Smart Online Fyers Securities Ltd
Pros What is this parameter?
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of Rs 1000.
  • Unlike most of the discount brokers; Trade Smart Online offers 3 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 knowledgebase 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 What is this parameter?
  • 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.

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 What is this parameter? Useful Articles:
Promo / Offers What is this parameter?

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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