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TradeSmart Vs Paytm Money (Compare TradeSmart and Paytm Money)

VNS Finance & Capital Services Ltd Logo

About 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

Paytm Money Limited Logo

About Paytm Money
Incorporated in 2017, Paytm Money Limited (commonly known as Paytm Money) is a Bengaluru based discount brokering firm. Paytm Money is a wholly-owned subsidiary of India's largest and leading digital goods and mobile platform, One97 Communications Ltd that also owns the Paytm brand. Paytm is an RBI-approved Indian e-commerce payment system. Paytm Money is a SEBI registered stockbroker and an Investment Advisor. The company has a depository participant membership of CDSL and is also a member of ... Know more about Paytm Money Limited

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TradeSmart Vs Paytm Money

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2017, Paytm Money is a Discount Broker. It offers trading at NSE and BSE. It has 1 branches across India.

  TradeSmart Paytm Money
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE and BSE
Year of Incorporation 1994 2017
Number of Branches 1 1
Open TradeSmart AccountOpen Paytm Money Account

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TradeSmart Vs Paytm Money Charges & AMC

TradeSmart trading account opening charges is Rs 200 while Paytm Money account opening changes is Rs 200. TradeSmart Demat Account AMC Charges is Rs 300 and Paytm Money Demat Account AMC Charges is Rs 0 (Free).

  TradeSmart Paytm Money
Trading Account Opening Charges Rs 200 Rs 200
Trading Account AMC Charges Rs 0 Rs 300 (Annual Platform Fees)
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 0 (Free)

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TradeSmart Vs Paytm Money Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Paytm Money brokerage charges for equity is Rs 0 (Free) and intraday is Lower of 0.05% or Rs 10 per executed order.

Account Type TradeSmart Power Plan Paytm Money Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 15 per order Rs 0 (Free)
Equity Intraday Rs 15 per order Lower of 0.05% or Rs 10 per executed order
Equity Futures Rs 15 per order Rs 10 per executed order
Equity Options Rs 15 per order Rs 10 per executed order
Currency Futures Rs 15 per order
Currency Options Rs 15 per order
Commodity Futures Rs 15 per order
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: Brokerage-free equity delivery trades for life + Flat ₹10 Intra-day and F&O trades. Get the offer

TradeSmart Vs Paytm Money Brokerage Plan 2

  TradeSmart Paytm Money
Account Type Value Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.07% Rs 0 (Free)
Equity Intraday 0.007% Lower of 0.05% or Rs 10 per executed order
Equity Futures 0.007% Rs 10 per executed order
Equity Options Rs 7 Per Lot Rs 10 per executed order
Currency Futures 0.007%
Currency Options Rs 7 Per Lot
Commodity Futures 0.007%
Commodity Options Rs 7 Per Lot
Open TradeSmart AccountOpen Paytm Money Account

TradeSmart Charges Vs Paytm Money

Minimum Brokerage Rs 15 per executed order Rs 0.01 per executed order on Equity Delivery trades
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier
Call & Trade Charges Rs 20 per executed order Rs 300

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TradeSmart Vs Paytm Money Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Paytm Money exchange transaction charges for options is Rs 5,300 per Cr (0.053%) on premium.

  TradeSmart Paytm Money
Equity Delivery 0.0035% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.0035% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.0024% Rs 200 per Cr (0.002%)
Equity Options 0.0715% Rs 5,300 per Cr (0.053%) on premium
Currency Futures 0.00165%
Currency Options 0.06%
Commodity 0.0039%
Open TradeSmart AccountOpen Paytm Money Account

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TradeSmart Vs Paytm Money Leverage (Margin)

TradeSmart margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Paytm Money margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  TradeSmart Paytm Money
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open TradeSmart AccountOpen Paytm Money Account

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Compare TradeSmart and Paytm Money Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.

  TradeSmart Paytm Money
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform NEST, NOW, Spin Paytm Money mobile app, Paytm Money website
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15 PM
Trading In SME Shares Allowed?
Referral Program Yes
Other Features
Open TradeSmart AccountOpen Paytm Money Account

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TradeSmart Vs Paytm Money Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Paytm Money is rated 3.8 of 5 based on 33 customer reviews.

  TradeSmart Paytm Money
  67 Customer Reviews    Rate TradeSmart 33 Customer Reviews    Rate Paytm Money
Fees 3.8 3.6
Brokerage 4.4 4.1
Trading Platform 3.8 3.9
Customer Service 4.0 3.0
Research Capabilities 2.7 3.5
Overall Ratings Rated 4.0 stars Rated 3.8 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews Paytm Money is rated 3.8 of 5 based on 33 customer reviews

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Contact Broker / Request A Call Back

  TradeSmart Enquire Paytm Money 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. Brokerage-free equity delivery trades for life + Flat ₹10 Intra-day and F&O trades. Get the offer

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TradeSmart Vs Paytm Money Investment Options

  TradeSmart Paytm Money
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO No Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt No No
Other Investment Options NPS Retirement Fund, Digital Fund

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TradeSmart Vs Paytm Money Order Type Offered

  TradeSmart Paytm Money
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
Open TradeSmart AccountOpen Paytm Money Account

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TradeSmart Vs Paytm Money Research Report

  TradeSmart Paytm Money
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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TradeSmart Vs Paytm Money Suitable For Investor Type

  TradeSmart Paytm Money
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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TradeSmart Vs Paytm Money - Pros and Cons

  TradeSmart Paytm Money
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.
  • Brokerage free equity delivery trading.
  • Low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Direct MF platform that helps you earn an extra 1% returns.
  • Zero Maintenance Charges.
  • Instant digital account opening.
  • Simple and easy trading platforms.
  • Online IPO application services.
  • Offers to invest in NPS and digital gold investment along with Stocks, Derivatives, and MF.
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.
  • Branch support not available.
  • GTC order type not available.
  • Trading platforms uses fee: Rs 300 per year.
  • No Margin trading facility.
  • No Margin against shares.
  • Commodity and Currency trading not available.
Reviews Useful Articles:

Paytm Money Limited, commonly known as Paytm Money, is a Bengaluru based online discount broker incorporated in 2017 offering trading and investment services for an entire range of financial products like Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, and IPO. The company also provides investment advisory services by way of offering investment packs for mutual fund investments.

The company claims to be a leader and pioneer in low-cost trading. Paytm Money follows a flat fee model. The maximum brokerage charged by the broker is Rs 10 per trade. Paytm Money offers free Equity Delivery trading. Paytm Money is a member of NSE and BSE and has a depository membership with CDSL.

Paytm Money charges Rs 200 towards account opening and zero annual maintenance charges for the Demat account. The company offers an online trading platform - Paytm Money on Android, iOS, and website.

Promo / Offers

TradeSmart Special Offer

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.

Paytm Money Special Offer

Free Equity Delivery Trades for Life and More...

  • Brokerage-free Equity Delivery +
  • Flat ₹10 per trade for Intraday & F&O +

This is a limited-time offer. Open Instant Paytm Account online and start trading today.

Open TradeSmart AccountOpen Paytm Money Account

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