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TradeSmart Vs RMoney (Compare TradeSmart and RMoney)

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

Raghunandan Capital Pvt Ltd Logo

About RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is an Gift City, Gandhinagar, Gujarat-based financial service provider. The company offers a range of financial products and services. These include Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds, and Corporate FDRs. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily and 4% of MCX turnover. It has ... Know more about Raghunandan Capital Pvt Ltd

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TradeSmart Vs RMoney

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has branches across India.

  TradeSmart RMoney
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 1994
Number of Branches 1
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TradeSmart Vs RMoney Charges & AMC

TradeSmart trading account opening charges is Rs 200 while RMoney account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and RMoney Demat Account AMC Charges is Rs 299 (Free for first year).

  TradeSmart RMoney
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 299 (Free for first year)
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 299 (Free for first year)

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TradeSmart Vs RMoney Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas RMoney brokerage charges for equity is Rs 9 per executed order and intraday is Rs 9 per executed order.

Account Type TradeSmart Power Plan RMoney Rs 9 Per Trade Plan
Fixed Charges NA NA
Equity Delivery Rs 15 per order Rs 9 per executed order
Equity Intraday Rs 15 per order Rs 9 per executed order
Equity Futures Rs 15 per order Rs 9 per executed order
Equity Options Rs 15 per order Rs 9 per executed order
Currency Futures Rs 15 per order Rs 9 per executed order
Currency Options Rs 15 per order Rs 9 per executed order
Commodity Futures Rs 15 per order Rs 9 per executed order
Commodity Options Rs 15 per order Rs 9 per executed 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.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

TradeSmart Vs RMoney Brokerage Plan 2

  TradeSmart RMoney
Account Type Value Plan Rs 999 Per Month Trade Plan
Fixed Charges Rs 999
Equity Delivery 0.07% Rs 0
Equity Intraday 0.007% Rs 0
Equity Futures 0.007% Rs 0
Equity Options Rs 7 Per Lot Rs 0
Currency Futures 0.007% Rs 0
Currency Options Rs 7 Per Lot Rs 0
Commodity Futures 0.007% Rs 0
Commodity Options Rs 7 Per Lot Rs 0
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TradeSmart Charges Vs RMoney

Minimum Brokerage Rs 15 per executed order Rs 0
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment
Call & Trade Charges Rs 20 per executed order Rs 0 (Unlimited Calls)

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TradeSmart Vs RMoney Transaction Charges

TradeSmart transaction charges for options is 0.0715% while RMoney exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  TradeSmart RMoney
Equity Delivery 0.0035% NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday 0.0035% NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures 0.0024% NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options 0.0715% NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures 0.00165% NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options 0.06% NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity 0.0039% MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%)
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TradeSmart Vs RMoney Leverage (Margin)

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

  TradeSmart RMoney
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)
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Compare TradeSmart and RMoney Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

  TradeSmart RMoney
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 No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform NEST, NOW, Spin RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing Equity 3:15 PM
Trading In SME Shares Allowed? Yes
Referral Program Yes
Other Features
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TradeSmart Vs RMoney Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas RMoney is rated 3.2 of 5 based on 5 customer reviews.

  TradeSmart RMoney
  67 Customer Reviews    Rate TradeSmart 5 Customer Reviews    Rate RMoney
Fees 3.8 4.4
Brokerage 4.4 4.2
Trading Platform 3.8 3.4
Customer Service 4.0 3.8
Research Capabilities 2.7 2.0
Overall Ratings Rated 4.0 stars Rated 3.2 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews RMoney is rated 3.2 of 5 based on 5 customer reviews

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Contact Broker / Request A Call Back

  TradeSmart Enquire RMoney 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. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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TradeSmart Vs RMoney Investment Options

  TradeSmart RMoney
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 Corporate FD, Life Instance, General Insurance

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TradeSmart Vs RMoney Order Type Offered

  TradeSmart RMoney
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 Yes
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TradeSmart Vs RMoney Research Report

  TradeSmart RMoney
Daily Market Report No Yes
Free Tips No No
Quarterly Result Analysis No Yes
News Alerts No Yes

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TradeSmart Vs RMoney Suitable For Investor Type

  TradeSmart RMoney
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes

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TradeSmart Vs RMoney - Pros and Cons

  TradeSmart RMoney
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. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
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. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  2. Margin funding is not available.
  3. GTC/GTD not available in Equity.
  4. NRI Account is not available.
Reviews Useful Articles: Useful Articles:
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.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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