TradeSmart Vs Fyers (Compare TradeSmart and Fyers)

The side-by-side comparison of TradeSmart and Fyers. Compare TradeSmart Vs Fyers brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best TradeSmart vs 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
Supported Exchnages BSE, NSE, MCX NSE, MCX
Account Type Power Plan (₹15/Order) Flat Fee Brokerage Plan
Year of Incorporation 1994 2015
Number of Branches 1 0
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 Fyers. Leave your contact info and we will get in touch with you.
Enquire TradeSmartEnquire Fyers
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TradeSmart Vs Fyers Charges & AMC

TradeSmart trading account opening charges is ₹200 while Fyers account opening changes is ₹400 (Free). TradeSmart Demat Account AMC Charges is ₹300 and Fyers Demat Account AMC Charges is ₹300.

  TradeSmart Fyers
Trading Account Opening Charges ₹200 ₹400 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹200 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹300
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TradeSmart Vs Fyers Brokerage Charges & Plans

TradeSmart Vs Fyers Brokerage

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

  TradeSmart Fyers
Account Type Power Plan (₹15/Order) Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹15 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹15 per executed order ₹20 per executed order or .03% whichever is lower
Equity Futures Brokerage ₹15 per executed order ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹15 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹15 per executed order ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹15 per executed order ₹20 per executed order
Commodity Futures Trading Brokerage ₹15 per executed order ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage ₹15 per executed order ₹20 per executed order
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer
Special Offer: Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

TradeSmart Vs Fyers Brokerage Plan 2

  TradeSmart Fyers
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 .03% whichever is lower
Equity Futures Brokerage 0.007% ₹20 per executed order or .03% whichever is lower
Equity Options Brokerage ₹7 Per Lot ₹20 per executed order
Currency Futures Trading Brokerage 0.007% ₹20 per executed order or .03% whichever is lower
Currency Options Trading Brokerage ₹7 Per Lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.007% ₹20 per executed order or .03% whichever is lower
Commodity Options Trading Brokerage ₹7 Per Lot ₹20 per executed order
Enquire TradeSmartEnquire Fyers

TradeSmart Charges Vs Fyers

Minimum Brokerage Charges ₹15 per executed order Intra-day: ₹7 or 2.5% whichever is lower
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹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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TradeSmart Vs Fyers Transaction Charges

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

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

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the Fyers margin for intraday cash is Up to 16x (based on the stock).

  TradeSmart Fyers
Equity Delivery 1x (no margin) 1 times
Equity Intraday 30x trading margin Up to 16x (based on the stock)
Equity Futures MIS: 3X | BO: 7X | CO: 7X Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options MIS: 3X | BO: 7X | CO: 7X Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures MIS: 3X | BO: 3X | CO: 3X Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options MIS: 3X | BO: NA | CO: NA Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity Futures MIS: 2X | BO: 6X | CO: 6X NA
Commodity Options MIS: NA | BO: NA | CO: NA
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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 Available 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
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TradeSmart Vs Fyers Review

TradeSmart is rated 4.0 of 5 based on 64 customer reviews whereas Fyers is rated 4.0 of 5 based on 14 customer reviews.

  TradeSmart Fyers
  64 Customer Reviews    Rate TradeSmart 14 Customer Reviews    Rate Fyers
Fees 3.8 3.6
Trading Brokerage 4.4 4.0
Trading Platform Usability 3.7 3.6
Customer Service 4.0 4.3
Research Capabilities 3.0 2.0
Overall Ratings Rated 4.0 stars Rated 4.0 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 64 customer reviews Fyers is rated 4.0 of 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Fyers Enquire
Contact Broker

FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

Brokerage free equity delivery trading (no commission) + Max flat ₹20 Intra-day and F&O trades. Get the offer

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TradeSmart Vs Fyers Investment Options

  TradeSmart Fyers
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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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
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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
  • 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.
  • 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!
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.
  • 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

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.

Get this limited time offer

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Fyers, simply leave your contact information with us and Fyers representatives will call you.

Enquire TradeSmartEnquire Fyers

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