TradeSmart Vs iTradeOnline (Compare TradeSmart and iTradeOnline)


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


iTradeOnline
iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of Rs 20 per executed order or 0.01% whichever is lower. The same low price is available across segments at BSE, NSE, and MCX. Unlike most discount brokers, iTradeOnline offers intraday leverage of up to 20x in equity, 2x in NSE F&O, 2x in NSE Currency and 8x in MCX futures. The cover orders (CO) are available... Know more about iTradeOnline by Trustline

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TradeSmart Vs iTradeOnline

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

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

TradeSmart trading account opening charges is Rs 200 while iTradeOnline account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and iTradeOnline Demat Account AMC Charges is Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0.

  TradeSmart iTradeOnline
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 200 Regular: Rs 0, Lifetime Free AMC: Rs 1000
Demat Account AMC Charges Rs 300 Regular Demat: Rs 300, Lifetime free AMC Demat: Rs 0
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TradeSmart Vs iTradeOnline Brokerage Charges & Plans

TradeSmart Vs iTradeOnline Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas iTradeOnline brokerage charges for equity is Rs 20 per executed order or .01% whichever is lower and intraday is Rs 20 per executed order or .01% whichever is lower.

  TradeSmart iTradeOnline
Account Type Power Plan Pay Per Trade
Fixed Charges NA Rs 0
Equity Delivery Rs 15 per order Rs 20 per executed order or .01% whichever is lower
Equity Intraday Rs 15 per order Rs 20 per executed order or .01% whichever is lower
Equity Futures Rs 15 per order Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 15 per order Rs 20 per executed order or .01% whichever is lower
Currency Futures Rs 15 per order Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 15 per order Rs 20 per executed order or .01% whichever is lower
Commodity Futures Rs 15 per order Rs 20 per executed order or .01% whichever is lower
Commodity Options Rs 15 per 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: Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback

TradeSmart Vs iTradeOnline Brokerage Plan 2

  TradeSmart iTradeOnline
Account Type Value Plan Pay Per Trade
Fixed Charges Rs 0
Equity Delivery 0.07% Rs 20 per executed order or .01% whichever is lower
Equity Intraday 0.007% Rs 20 per executed order or .01% whichever is lower
Equity Futures 0.007% Rs 20 per executed order or .01% whichever is lower
Equity Options Rs 7 Per Lot Rs 20 per executed order or .01% whichever is lower
Currency Futures 0.007% Rs 20 per executed order or .01% whichever is lower
Currency Options Rs 7 Per Lot Rs 20 per executed order or .01% whichever is lower
Commodity Futures 0.007% Rs 20 per executed order or .01% whichever is lower
Commodity Options Rs 7 Per Lot
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TradeSmart Charges Vs iTradeOnline

Minimum Brokerage Rs 15 per executed order Rs 0 (No Minimum Brokerage)
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order Physical contact notes: Rs 20
Call & Trade Charges Rs 20 per executed order Rs 0 (Free)
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TradeSmart Vs iTradeOnline Transaction Charges

TradeSmart transaction charges for options is 0.0715% while iTradeOnline exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).

  TradeSmart iTradeOnline
Equity Delivery 0.0035% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Intraday 0.0035% NSE Rs 325 per crore | BSE Rs 1.5/trade (each side)
Equity Futures 0.0024% NSE Rs 190 per crore (0.0019%)
Equity Options 0.0715% NSE Rs 5000 per crore (0.05%)
Currency Futures 0.00165% NSE Rs 90/cr (0.0009%) | BSE Rs 18/cr (0.00018%)
Currency Options 0.06% NSE Rs 4000 (on premium) per cr (0.04%) | BSE Rs 1500
Commodity 0.0039% MCX Rs 260/Cr (0.0026%) | NCDEX Rs 600/cr (0.006%)
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TradeSmart Vs iTradeOnline 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 iTradeOnline 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 iTradeOnline
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 iTradeOnline Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. iTradeOnline offers Omnesys NEST is used as back-end. Front-end is built in-house by Trustline. trading software.

  TradeSmart iTradeOnline
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform NEST, NOW, Spin Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
Referral Program Yes
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TradeSmart Vs iTradeOnline Review

TradeSmart is rated 4.0 of 5 based on 66 customer reviews whereas iTradeOnline is rated 4.0 of 5 based on 7 customer reviews.

  TradeSmart iTradeOnline
  66 Customer Reviews    Rate TradeSmart 7 Customer Reviews    Rate iTradeOnline
Fees 3.8 3.9
Brokerage 4.4 4.1
Trading Platform 3.7 3.9
Customer Service 4.0 3.7
Research Capabilities 2.6 1.0
Overall Ratings Rated 4.0 stars Rated 4.0 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 66 customer reviews iTradeOnline is rated 4.0 of 5 based on 7 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire iTradeOnline 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. Get 50% discount (Rs 500 Off) on Lifetime FREE AMC Demat Account fee. Request a Callback
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TradeSmart Vs iTradeOnline Investment Options

  TradeSmart iTradeOnline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO No No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No Yes
Other Investment Options Insurance, Wealth Management
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TradeSmart Vs iTradeOnline Order Type Offered

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

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

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

  TradeSmart iTradeOnline
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.
  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.
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.
  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.
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.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save Rs 500 on account opening.

This is a limited time offer. Simply leave your contact information with us and iTradeOnline representatives will contact you.

Open TradeSmart AccountEnquire iTradeOnline

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