TradeSmart Vs Karvy (Compare TradeSmart and Karvy)

The side-by-side comparison of TradeSmart and Karvy. Compare TradeSmart Vs Karvy brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best TradeSmart vs Karvy?


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


Karvy

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

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Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking Ltd

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TradeSmart Vs Karvy

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India.

  TradeSmart Karvy
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Power Plan (₹15/Order) Retail Brokerage Plan
Year of Incorporation 1994 1985
Number of Branches 1 575
Broker Enquiry Open an Online Trading Account with TradeSmart. Leave your contact info and we will get in touch with you.
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TradeSmart Vs Karvy Charges & AMC

TradeSmart trading account opening charges is ₹200 while Karvy account opening changes is ₹650. TradeSmart Demat Account AMC Charges is ₹300 and Karvy Demat Account AMC Charges is ₹420.

  TradeSmart Karvy
Trading Account Opening Charges ₹200 ₹650
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹200 ₹0
Demat Account AMC Charges ₹300 ₹420
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TradeSmart Vs Karvy Brokerage Charges & Plans

TradeSmart Vs Karvy Brokerage

TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.

  TradeSmart Karvy
Account Type Power Plan (₹15/Order) Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹15 per executed order 0.3%
Equity Intraday Brokerage ₹15 per executed order 0.03%
Equity Futures Brokerage ₹15 per executed order 0.03%
Equity Options Brokerage ₹15 per executed order ₹30 per lot
Currency Futures Trading Brokerage ₹15 per executed order 0.03%
Currency Options Trading Brokerage ₹15 per executed order ₹30 per lot
Commodity Futures Trading Brokerage ₹15 per executed order 0.03%
Commodity Options Trading Brokerage ₹15 per executed order ₹30 per lot
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

TradeSmart Vs Karvy Brokerage Plan 2

  TradeSmart Karvy
Account Type Value Plan Premium Subscription Plan of 100000
Fixed Charges ₹100,000 per year
Equity Delivery Brokerage 0.007% 0.1%
Equity Intraday Brokerage 0.007% 0.01%
Equity Futures Brokerage 0.007% 0.01%
Equity Options Brokerage ₹7 Per Lot ₹10 per lot
Currency Futures Trading Brokerage 0.007% 0.01%
Currency Options Trading Brokerage ₹7 Per Lot ₹10 per lot
Commodity Futures Trading Brokerage 0.007% 0.01%
Commodity Options Trading Brokerage ₹7 Per Lot ₹10 per lot

TradeSmart Charges Vs Karvy

Minimum Brokerage Charges ₹15 per executed order Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
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
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TradeSmart Vs Karvy Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Karvy exchange transaction charges for options is ₹5500.

  TradeSmart Karvy
Equity Delivery 0.0035% ₹325
Equity Intraday 0.0035% ₹325
Equity Futures 0.0024% ₹230
Equity Options 0.0715% ₹5500
Currency Futures 0.00165% ₹325
Currency Options 0.06%
Commodity 0.0039% ₹300
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TradeSmart Vs Karvy Leverage (Margin)

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.

  TradeSmart Karvy
Equity Delivery 1x (no margin) Upto 5x with 24% interest per year
Equity Intraday 30x trading margin Upto 20x
Equity Futures MIS: 3X | BO: 7X | CO: 7X Upto 4x
Equity Options MIS: 3X | BO: 7X | CO: 7X Upto 4x for shorting
Currency Futures MIS: 3X | BO: 3X | CO: 3X Nil
Currency Options MIS: 3X | BO: NA | CO: NA Nil
Commodity Futures MIS: 2X | BO: 6X | CO: 6X Upto 4x
Commodity Options MIS: NA | BO: NA | CO: NA
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Compare TradeSmart and Karvy Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Karvy offers NEST, Karvy Web, Trade Mobile trading software.

  TradeSmart Karvy
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
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 NEST, Karvy Web, Trade Mobile
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15
Other Features Ask the expert, The Finapolis
Referral Program Yes
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TradeSmart Vs Karvy Review

TradeSmart is rated 4.0 of 5 based on 64 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

  TradeSmart Karvy
  64 Customer Reviews    Rate TradeSmart 24 Customer Reviews    Rate Karvy
Fees 3.8 2.6
Trading Brokerage 4.4 2.4
Trading Platform Usability 3.7 2.7
Customer Service 4.0 2.2
Research Capabilities 3.0
Overall Ratings Rated 4.0 stars Rated 2.0 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 64 customer reviews Karvy is rated 2.0 of 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Karvy Enquire
Contact Broker

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

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TradeSmart Vs Karvy Investment Options

  TradeSmart Karvy
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 Karvy Order Type Offered

  TradeSmart Karvy
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 Karvy Research Report

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

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

  TradeSmart Karvy
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.
  1. Pay ₹1200 one time and get life time free AMC demat account
  2. Offers investment in IPO and Mutual funds
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
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. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
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.

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