TradeSmart Vs Indira Securities (Compare TradeSmart and Indira Securities)


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


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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TradeSmart Vs Indira Securities

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  TradeSmart Indira Securities
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX and NCDEX
Year of Incorporation 1994 1987
Number of Branches 1 335
Open an Online Trading Account with TradeSmart.Open an Online Trading Account with Indira Securities.
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TradeSmart Vs Indira Securities Charges & AMC

TradeSmart trading account opening charges is Rs 200 while Indira Securities account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  TradeSmart Indira Securities
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 450 (Free for 1st year)
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TradeSmart Vs Indira Securities Brokerage Charges & Plans

TradeSmart Vs Indira Securities Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  TradeSmart Indira Securities
Account Type Power Plan Traditional Plan
Fixed Charges NA NA
Equity Delivery Rs 15 per order 0.10%
Equity Intraday Rs 15 per order 0.01%
Equity Futures Rs 15 per order 0.01%
Equity Options Rs 15 per order Rs 25 per lot (both side)
Currency Futures Rs 15 per order 0.01%
Currency Options Rs 15 per order Rs 25 per lot (both side)
Commodity Futures Rs 15 per order 0.01%
Commodity Options Rs 15 per order Rs 25 per lot (both side)
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: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

TradeSmart Vs Indira Securities Brokerage Plan 2

  TradeSmart Indira Securities
Account Type Value Plan Discount Brokerage Plan
Fixed Charges NA
Equity Delivery 0.07% Rs 20 per executed order
Equity Intraday 0.007% Rs 20 per executed order
Equity Futures 0.007% Rs 20 per executed order
Equity Options Rs 7 Per Lot Rs 20 per executed order
Currency Futures 0.007% Rs 20 per executed order
Currency Options Rs 7 Per Lot Rs 20 per executed order
Commodity Futures 0.007% Rs 20 per executed order
Commodity Options Rs 7 Per Lot Rs 20 per executed order
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TradeSmart Charges Vs Indira Securities

Minimum Brokerage Rs 15 per executed order Rs 20 per executed order
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 20 per executed order Rs 0 (Free)
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TradeSmart Vs Indira Securities Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  TradeSmart Indira Securities
Equity Delivery 0.0035% NSE Rs 325 per Cr (0.00325%)
Equity Intraday 0.0035% NSE Rs 325 per Cr (0.00325%)
Equity Futures 0.0024% NSE Rs 190 per Cr (0.0019%)
Equity Options 0.0715% NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures 0.00165% NSE Rs 120 per Cr (0.0012%)
Currency Options 0.06% NSE Rs 500 per Cr (0.005%) (on premium)
Commodity 0.0039% Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)
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TradeSmart Vs Indira Securities 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 Indira Securities 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 Indira Securities
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)
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Compare TradeSmart and Indira Securities Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Indira Securities offers ODIN trading software.

  TradeSmart Indira Securities
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform NEST, NOW, Spin ODIN
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15 PM
Other Features
Referral Program Yes Yes
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TradeSmart Vs Indira Securities Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 3 customer reviews.

  TradeSmart Indira Securities
  67 Customer Reviews    Rate TradeSmart 3 Customer Reviews    Rate Indira Securities
Fees 3.8 2.3
Brokerage 4.4 4.3
Trading Platform 3.8 4.0
Customer Service 4.0 4.0
Research Capabilities 2.7 4.3
Overall Ratings Rated 4.0 stars Rated 4.0 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews Indira Securities is rated 4.0 of 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Indira Securities 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. FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
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TradeSmart Vs Indira Securities Investment Options

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

  TradeSmart Indira Securities
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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TradeSmart Vs Indira Securities Research Report

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

  TradeSmart Indira Securities
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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TradeSmart Vs Indira Securities - Pros and Cons

  TradeSmart Indira Securities
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.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
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.
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
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

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

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