TradeSmart Vs Fyers (Compare TradeSmart and Fyers)


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


Fyers
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", representing the core values of the company. The company is founded by young entrepreneurs who believes in building the best trading platforms, being transparent and keeping the cost of trading at its lowest in India. Fyers is a low brokerage stock broker in... Know more about Fyers Securities Ltd

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TradeSmart Vs Fyers

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at NSE, MCX. It has 0 branches across India.

  TradeSmart Fyers
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE, MCX
Year of Incorporation 1994 2015
Number of Branches 1 0
Open an Online Trading Account with TradeSmart.Open an Online Trading Account with Fyers.
Open TradeSmart AccountOpen Fyers Account
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TradeSmart Vs Fyers Charges & AMC

TradeSmart trading account opening charges is Rs 200 while Fyers account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and Fyers Demat Account AMC Charges is Rs 300.

  TradeSmart Fyers
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 300
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TradeSmart Vs Fyers Brokerage Charges & Plans

TradeSmart Vs Fyers Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Fyers brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

  TradeSmart Fyers
Account Type Power Plan Flat Fee Brokerage Plan
Fixed Charges NA NA
Equity Delivery Rs 15 per order Rs 0 (Free)
Equity Intraday Rs 15 per order Rs 20 per executed order or .03% whichever is lower
Equity Futures Rs 15 per order Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 15 per order Rs 20 per executed order
Currency Futures Rs 15 per order Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 15 per order Rs 20 per executed order
Commodity Futures Rs 15 per order Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 15 per order Rs 20 per executed order
Special Offer
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.
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

TradeSmart Vs Fyers Brokerage Plan 2

  TradeSmart Fyers
Account Type Value Plan Flat Fee Brokerage Plan
Fixed Charges NA
Equity Delivery 0.07% Rs 0 (Free)
Equity Intraday 0.007% Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.007% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 7 Per Lot Rs 20 per executed order
Currency Futures 0.007% Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 7 Per Lot Rs 20 per executed order
Commodity Futures 0.007% Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 7 Per Lot Rs 20 per executed order
Open TradeSmart AccountOpen Fyers Account

TradeSmart Charges Vs Fyers

Minimum Brokerage Rs 15 per executed order Intra-day: Rs 7 or 2.5% whichever is lower
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order Square-off by Fyers - Rs 20 per trade, NRI Brokerage: Rs 100 per executed order (For all segments)
Call & Trade Charges Rs 20 per executed order Rs 20 per trade
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TradeSmart Vs Fyers Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Fyers exchange transaction charges for options is Rs 5900 per Cr (on premium) (0.059%).

  TradeSmart Fyers
Equity Delivery 0.0035% Rs 325 per Cr (0.00325%)
Equity Intraday 0.0035% Rs 325 per Cr (0.00325%)
Equity Futures 0.0024% Rs 240 per Cr (0.0024%)
Equity Options 0.0715% Rs 5900 per Cr (on premium) (0.059%)
Currency Futures 0.00165% Rs 240 per Cr (0.0024%)
Currency Options 0.06% Rs 5900 per Cr (on premium) (0.059%)
Commodity 0.0039% NA
Open TradeSmart AccountOpen Fyers Account
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TradeSmart Vs Fyers Leverage (Margin)

TradeSmart margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Fyers margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  TradeSmart Fyers
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Open TradeSmart AccountOpen Fyers Account
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Compare TradeSmart and Fyers Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Fyers offers Fyers One (In-house build) trading software.

  TradeSmart Fyers
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 No No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
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 Yes
Open TradeSmart AccountOpen Fyers Account
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TradeSmart Vs Fyers Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Fyers is rated 3.2 of 5 based on 21 customer reviews.

  TradeSmart Fyers
  67 Customer Reviews    Rate TradeSmart 21 Customer Reviews    Rate Fyers
Fees 3.8 3.3
Brokerage 4.4 3.7
Trading Platform 3.8 3.2
Customer Service 4.0 3.4
Research Capabilities 2.7 1.7
Overall Ratings Rated 4.0 stars Rated 3.2 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews Fyers is rated 3.2 of 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Fyers Enquire
Contact Broker Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.
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TradeSmart Vs Fyers Investment Options

  TradeSmart Fyers
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO No No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No No
Other Investment Options
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TradeSmart Vs Fyers Order Type Offered

  TradeSmart Fyers
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
Open TradeSmart AccountOpen Fyers Account
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TradeSmart Vs Fyers Research Report

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

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

  TradeSmart Fyers
Pros
  • 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.
  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum Rs 20 per trade.
  • Free account opening.
  • 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!
Cons
  • 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.
  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.
Reviews Useful Articles:
Promo / Offers

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.

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O.
  • Brokerage-free Direct Mutual Fund investment.
  • Trade with one of the best trading platforms in India.

This is a limited-time offer. Open FREE Fyers Account online and start trading today.

Open TradeSmart AccountOpen Fyers Account

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