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Trade Smart Online Vs ProStocks Share Broker Comparison

The side-by-side comparison of Trade Smart Online and ProStocks stock brokers in India. The comparison below highlights the similarities and differences between Trade Smart Online and ProStocks's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Trade Smart Online and ProStocks.

  Trade Smart Online ProStocks
 
Trade Smart Online Logo ProStocks 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 ProStocks is a SEBI registered Stock Broker and Depository Participant. ProStocks is fastest growing flat fee discount stock broker offering online trading at BSE and NSE. ProStocks is famous for the unlimited trading plan. This plan offer unlimited ... Know more about ProStocks
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE
Account Type Power Plan (₹15/Order) Flat Fee Plan
Broker Enquiry Open an Online Trading Account with Trade Smart Online. Leave your contact info and we will get in touch with you. Open an Online Trading Account with ProStocks. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Trade Smart Online ProStocks
Trading Account Opening Fees ₹200 ₹0
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹200 ₹0
Demat Account AMC ₹300 ₹0 per year (Lifetime Zero AMC)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Trade Smart Online ProStocks
Account Type Power Plan (₹15/Order) Flat Fee Plan
Fixed Charges
Equity Delivery Brokerage ₹15 ₹15
Equity Intraday Brokerage ₹15 ₹15
Equity Futures Brokerage ₹15 ₹15
Equity Options Brokerage ₹15 ₹15
Currency Futures Trading Brokerage ₹15 ₹15
Currency Options Trading Brokerage ₹15 ₹15
Commodity Futures Trading Brokerage ₹15
Commodity Options Trading Brokerage ₹15

Brokerage Plan 2

  Trade Smart Online ProStocks
Account Type Value Plan Monthly Unlimited Equity
Fixed Charges ₹899
Equity Delivery Brokerage 0.007% ₹0
Equity Intraday Brokerage 0.007% ₹0
Equity Futures Brokerage 0.007% ₹0
Equity Options Brokerage ₹7 Per Lot ₹0
Currency Futures Trading Brokerage 0.007%
Currency Options Trading Brokerage ₹7 Per Lot
Commodity Futures Trading Brokerage 0.007%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Trade Smart Online ProStocks
Account Type Power Plan (₹15/Order) Monthly Unlimited Currency
Fixed Charges ₹499
Equity Delivery Brokerage ₹15
Equity Intraday Brokerage ₹15
Equity Futures Brokerage ₹15
Equity Options Brokerage ₹15
Currency Futures Trading Brokerage ₹15 ₹0
Currency Options Trading Brokerage ₹15 ₹0
Commodity Futures Trading Brokerage ₹15
Commodity Options Trading Brokerage ₹15

Other Charges

Minimum Brokerage Charges ₹15
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges ₹20 per executed order
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Taxes

  Trade Smart Online ProStocks
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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Transaction Charges

  Trade Smart Online ProStocks
Equity Delivery 0.0035% NSE: 0.00325% | BSE: 0.00275%
Equity Intraday 0.0035% NSE: 0.00325% | BSE: 0.00275%
Equity Futures 0.0024% NSE: 0.0019% | BSE: 0.0005%
Equity Options 0.0715% NSE: 0.050% | BSE: 0.0025%
Currency Futures 0.00165% NSE: 0.0011% | BSE: 0.0001%
Currency Options 0.06% NSE: 0.040% | BSE: 0.0001%
Commodity 0.0039%
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Exposure

  Trade Smart Online ProStocks
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday 30x trading margin 7x (Margin intraday sq off) | 10x (Cover Order)
Equity Futures 7x trading margin 1.5x
Equity Options 7x trading margin 1x (no margin)
Currency Futures 3x trading margin 1.5x
Currency Options 3x trading margin 1x (no margin)
Commodity 6x trading margin NA
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Share Broker Features

  Trade Smart Online ProStocks
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform NEST, NOW, Spin ProStocks, NSE NOW
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing Equity 3:15 PM | Curr: 4:45 PM
Other Features
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Broker Ratings (Average User Rating)

  Trade Smart Online ProStocks
  58 Customer Reviews    Rate Trade Smart Online 24 Customer Reviews    Rate ProStocks
Fees Ratings 3.9 4.6
Trading Brokerage Rating 4.5 4.4
Trading Platform Usability 3.7 2.9
Customer Service Ratings 4.1 3.1
Overall Ratings Rated 4.1 stars Rated 3.3 stars
Broker Rating Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews ProStocks is Rated 3.3 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Trade Smart Online ProStocks
Contact / Request Call Back
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Investment Options Available

  Trade Smart Online ProStocks
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes Yes
Initial Public Offers (IPO) No No
Mutual Funds Yes No
Bond / NCD Yes No
Debt No No
Other Investment Options
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Customer Service Offered

  Trade Smart Online ProStocks
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches No No
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Order Type

  Trade Smart Online ProStocks
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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Research / Tips / Reports Published

  Trade Smart Online ProStocks
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Suitable for Investor Category

  Trade Smart Online ProStocks
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Trade Smart Online ProStocks
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...

  • Cheapest flat fee broker in India. Offers ₹899 unlimited equity and equity f&o trading and ₹15 per trade plan.
  • 2-in-1 Accounts offers seamless transactions between trading and demat account.
  • 5 Pricing plans to choose from offers flexibility to stock market investors and active trader. Its extremely easy to switch between the plans.
  • Lowest exchange transaction changes, guaranteed.
  • Life time free demat account with one time ₹1000 deposit. No account opening and no annual maintenance charges.
  • Lowest stamp duty for customer outside Maharashtra. Max stamp duty charged is ₹50 per day.
  • ProStocks do not charge PCM fee to customers. Most other broker include PCM fee to Exchange Transaction Fee.
  • Cheapest Call & Trade fee (₹10 per executed order) among all discount brokers. Other brokers charge minimum ₹20 per trade.
  • 24x7 customer service though Advance Interactive voice response(IVR).

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...

More Disadvantages...

Reviews Useful Articles: Useful articles about ProStocks:
Promo / Offers

ProStocks offer FREE Trading + Demat Account. You can trade unlimited in equity & equity f&o segment for ₹899/month or choose ₹15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer ₹0 Demat AMC with one time ₹1000 refundable deposit.

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

Enquire about Trade Smart Online Enquire about ProStocks
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