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Trade Smart Online Vs iTradeOnline (Compare Trade Smart Online and iTradeOnline)

The side-by-side comparison of Trade Smart Online and iTradeOnline. Compare Trade Smart Online Vs iTradeOnline brokerage, charges, exposure margin, demat account. Read iTradeOnline and Trade Smart Online review.

Find out Trade Smart Online Vs iTradeOnline which is better and Trade Smart Online Vs iTradeOnline which is best.

Our Trade Smart Online comparison with iTradeOnline by Trustline highlights the major differences between two brokers. Find the best between Trade Smart Online and iTradeOnline.

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Trade Smart Online Vs iTradeOnline

  Trade Smart Online iTradeOnline by Trustline
 
Trade Smart Online Logo iTradeOnline by Trustline Logo
About the Broker Trade Smart Online (TSO) is Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. Trade Smart Online is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorp... Know more about Trade Smart Online 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 ₹20 per executed order or 0.01% whichever is lower. The same lo... Know more about iTradeOnline by Trustline
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Account Type Power Plan (₹15/Order) Pay Per Trade
Broker Enquiry Open an Online Trading Account with Trade Smart Online. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994
Number of Branches 1
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Trade Smart Online Vs iTradeOnline Charges

  Trade Smart Online iTradeOnline by Trustline
Trading Account Opening Fees ₹200 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹200 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹300 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Trade Smart Online Vs iTradeOnline Brokerage

Brokerage Plan 1

  Trade Smart Online iTradeOnline by Trustline
Account Type Power Plan (₹15/Order) Pay Per Trade
Fixed Charges
Equity Delivery Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage ₹15 ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹15

Brokerage Plan 2

  Trade Smart Online iTradeOnline by Trustline
Account Type Value Plan Pay Per Trade
Fixed Charges ₹0
Equity Delivery Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹7 Per Lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹7 Per Lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.007% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage

Other Charges

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

  Trade Smart Online iTradeOnline by Trustline
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Trade Smart Online Vs iTradeOnline Transaction Charges

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

  Trade Smart Online iTradeOnline by Trustline
Equity Delivery 1x (no margin) Upto 5x (based on the stock)
Equity Intraday 30x trading margin Upto 20x (based on the stock)
Equity Futures 7x trading margin Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options 7x trading margin Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures 3x trading margin Intraday - 25%(4x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options 3x trading margin Intraday - 100%(1x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures 6x trading margin Future Intraday - 12.5%(8x), Carry forward - 100%(1x) of Span
Commodity Options Intraday - 100%(1x), Carry forward - 100%(1x) of Span
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Trade Smart Online and iTradeOnline Feature Comparison

  Trade Smart Online iTradeOnline by Trustline
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 Available No Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
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Trade Smart Online Vs iTradeOnline Review

  Trade Smart Online iTradeOnline by Trustline
  58 Customer Reviews    Rate Trade Smart Online 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 3.9 4.2
Trading Brokerage Rating 4.5 4.7
Trading Platform Usability 3.7 4.0
Customer Service Ratings 4.1 4.2
Overall Ratings Rated 4.1 stars Rated 4.3 stars
Broker Rating Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Trade Smart Online iTradeOnline by Trustline
Contact / Request Call Back
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Trade Smart Online Vs iTradeOnline Investment Options

  Trade Smart Online iTradeOnline by Trustline
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 Yes
Other Investment Options Insurance, Wealth Management
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Trade Smart Online Vs iTradeOnline Customer Service

  Trade Smart Online iTradeOnline by Trustline
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches No Yes
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Trade Smart Online Vs iTradeOnline Order Type Offered

  Trade Smart Online iTradeOnline by Trustline
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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Trade Smart Online Vs iTradeOnline Research Report

  Trade Smart Online iTradeOnline by Trustline
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Trade Smart Online Vs iTradeOnline Suitable For Investor Type

  Trade Smart Online iTradeOnline by Trustline
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Trade Smart Online Vs iTradeOnline - Advantages and Disadvantages

  Trade Smart Online iTradeOnline by Trustline
Pros
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of ₹1000.
  • Unlike most of the discount brokers; Trade Smart Online 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 investing 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. Customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • Trade Smart Online is in the stock broking industry since 1994.
  • TSO's online knowledge base has lot information which is helpful for most customers.

More Advantages...

  • 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.

More Advantages...

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.

More Disadvantages...

  • 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.

More Disadvantages...

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