TradeSmart Vs Indira Securities (Compare TradeSmart and Indira Securities)

The side-by-side comparison of TradeSmart and Indira Securities. Compare TradeSmart Vs Indira Securities brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best TradeSmart vs 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
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX and NCDEX
Account Type Power Plan (₹15/Order) Traditional Plan
Year of Incorporation 1994 1987
Number of Branches 1 335
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 Indira Securities. Leave your contact info and we will get in touch with you.
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TradeSmart Vs Indira Securities Charges & AMC

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

  TradeSmart Indira Securities
Trading Account Opening Charges ₹200 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹200 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹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 ₹15 per executed order and intraday is ₹15 per executed order whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  TradeSmart Indira Securities
Account Type Power Plan (₹15/Order) Traditional Plan
Fixed Charges NA
Equity Delivery Brokerage ₹15 per executed order 0.10%
Equity Intraday Brokerage ₹15 per executed order 0.01%
Equity Futures Brokerage ₹15 per executed order 0.01%
Equity Options Brokerage ₹15 per executed order ₹25 per lot (both side)
Currency Futures Trading Brokerage ₹15 per executed order 0.01%
Currency Options Trading Brokerage ₹15 per executed order ₹25 per lot (both side)
Commodity Futures Trading Brokerage ₹15 per executed order 0.01%
Commodity Options Trading Brokerage ₹15 per executed order ₹25 per lot (both side)
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer
Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹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 Brokerage 0.007% ₹20 per executed order
Equity Intraday Brokerage 0.007% ₹20 per executed order
Equity Futures Brokerage 0.007% ₹20 per executed order
Equity Options Brokerage ₹7 Per Lot ₹20 per executed order
Currency Futures Trading Brokerage 0.007% ₹20 per executed order
Currency Options Trading Brokerage ₹7 Per Lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.007% ₹20 per executed order
Commodity Options Trading Brokerage ₹7 Per Lot ₹20 per executed order
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TradeSmart Charges Vs Indira Securities

Minimum Brokerage Charges ₹15 per executed order ₹20 per executed order
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹20 per executed order ₹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 ₹5000 per Cr (0.05%) (on premium).

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

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).

  TradeSmart Indira Securities
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday 30x trading margin Up to 10x (based on the stock)
Equity Futures MIS: 3X | BO: 7X | CO: 7X Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options MIS: 3X | BO: 7X | CO: 7X 1x (no margin)
Currency Futures MIS: 3X | BO: 3X | CO: 3X Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options MIS: 3X | BO: NA | CO: NA 1x (no margin)
Commodity Futures MIS: 2X | BO: 6X | CO: 6X Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options MIS: NA | BO: NA | CO: NA 1x (no margin)
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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 Available 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 65 customer reviews whereas Indira Securities is rated 4.5 of 5 based on 2 customer reviews.

  TradeSmart Indira Securities
  65 Customer Reviews    Rate TradeSmart 2 Customer Reviews    Rate Indira Securities
Fees 3.8 3.0
Trading Brokerage 4.4 5.0
Trading Platform Usability 3.7 4.5
Customer Service 4.0 4.5
Research Capabilities 2.5 5.0
Overall Ratings Rated 4.0 stars Rated 4.5 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 65 customer reviews Indira Securities is rated 4.5 of 5 based on 2 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Indira Securities Enquire
Contact Broker

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

FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹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
Initial Public Offers (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
  • 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.
  • 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 ₹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.
  1. Flat-rate brokerage plans (₹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.
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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 and pay flat ₹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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