TradeSmart Vs Nirmal Bang (Compare TradeSmart and Nirmal Bang)


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


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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TradeSmart Vs Nirmal Bang

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  TradeSmart Nirmal Bang
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Power Plan Basic Plan
Year of Incorporation 1994 1986
Number of Branches 1 2000
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TradeSmart Vs Nirmal Bang Charges & AMC

TradeSmart trading account opening charges is Rs 200 while Nirmal Bang account opening changes is Rs 0. TradeSmart Demat Account AMC Charges is Rs 300 and Nirmal Bang Demat Account AMC Charges is Rs 200.

  TradeSmart Nirmal Bang
Trading Account Opening Charges Rs 200 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 200 Rs 0
Demat Account AMC Charges Rs 300 Rs 200
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TradeSmart Vs Nirmal Bang Brokerage Charges & Plans

TradeSmart Vs Nirmal Bang Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  TradeSmart Nirmal Bang
Account Type Power Plan Basic Plan
Fixed Charges NA NA
Equity Delivery Rs 15 per order 0.2%
Equity Intraday Rs 15 per order 0.02%
Equity Futures Rs 15 per order 0.02%
Equity Options Rs 15 per order Rs 35
Currency Futures Rs 15 per order 0.02%
Currency Options Rs 15 per order Rs 20
Commodity Futures Rs 15 per order 0.01%
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.

TradeSmart Vs Nirmal Bang Brokerage Plan 2

  TradeSmart Nirmal Bang
Account Type Value Plan Basic Plan
Fixed Charges NA
Equity Delivery 0.07% 0.2%
Equity Intraday 0.007% 0.02%
Equity Futures 0.007% 0.02%
Equity Options Rs 7 Per Lot Rs 35
Currency Futures 0.007% 0.02%
Currency Options Rs 7 Per Lot Rs 20
Commodity Futures 0.007% 0.01%
Commodity Options Rs 7 Per Lot
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TradeSmart Charges Vs Nirmal Bang

Minimum Brokerage Rs 15 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
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TradeSmart Vs Nirmal Bang Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Nirmal Bang exchange transaction charges for options is Rs 5700.

  TradeSmart Nirmal Bang
Equity Delivery 0.0035% Rs 390
Equity Intraday 0.0035% Rs 390
Equity Futures 0.0024% Rs 240
Equity Options 0.0715% Rs 5700
Currency Futures 0.00165% Rs 240
Currency Options 0.06% Rs 5700
Commodity 0.0039% Rs 250
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TradeSmart Vs Nirmal Bang Leverage (Margin)

TradeSmart provides the margin of upto 10x for intraday trades whereas the Nirmal Bang margin for intraday cash is Upto 4x.

  TradeSmart Nirmal Bang
Equity Delivery 1x (no margin) upto 10x
Equity Intraday upto 10x Upto 4x
Equity Futures 2X Upto 4x
Equity Options 2x Upto 2x for shorting
Currency Futures 2x Upto 2x for shorting
Currency Options 2x Upto 3x
Commodity Futures 2x Upto 3x
Commodity Options NA
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Compare TradeSmart and Nirmal Bang Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  TradeSmart Nirmal Bang
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 Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15
Other Features
Referral Program Yes
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TradeSmart Vs Nirmal Bang Review

TradeSmart is rated 4.0 of 5 based on 66 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  TradeSmart Nirmal Bang
  66 Customer Reviews    Rate TradeSmart 19 Customer Reviews    Rate Nirmal Bang
Fees 3.8 3.6
Brokerage 4.4 3.5
Trading Platform 3.7 2.6
Customer Service 4.0 2.3
Research Capabilities 2.6 3.0
Overall Ratings Rated 4.0 stars Rated 2.6 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 66 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Nirmal Bang 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. Leave your contact information and we will get in touch with you....
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TradeSmart Vs Nirmal Bang Investment Options

  TradeSmart Nirmal Bang
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 Nirmal Bang Order Type Offered

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

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

  TradeSmart Nirmal Bang
Casual Investor Yes
Active Investor Yes
Trader Yes
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TradeSmart Vs Nirmal Bang - Pros and Cons

  TradeSmart Nirmal Bang
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.
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
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. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
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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.

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