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Trade Smart Online Vs Upstox (Compare Trade Smart Online and Upstox)

The side-by-side comparison of Trade Smart Online and Upstox. Compare Trade Smart Online Vs Upstox brokerage, charges, exposure margin, demat account. Read Upstox and Trade Smart Online review.

Find out Trade Smart Online Vs Upstox which is better and Trade Smart Online Vs Upstox which is best.

Our Trade Smart Online comparison with Upstox highlights the major differences between two brokers. Find the best between Trade Smart Online and Upstox.

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Trade Smart Online Vs Upstox

  Trade Smart Online Upstox
 
Trade Smart Online Logo Upstox 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 Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox
Type of Broker Discount Broker Discount Broker
Supported Exchnage BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Account Type Power Plan (₹15/Order) Upstox Basic
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 Upstox. Leave your contact info and we will get in touch with you.
Year of Incorporation
Number of Branches
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Trade Smart Online Vs Upstox Charges

  Trade Smart Online Upstox
Trading Account Opening Fees ₹200 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹200 ₹0
Demat Account AMC ₹300 ₹150
Demat Account is Mandatory? No No
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Trade Smart Online Vs Upstox Brokerage

Brokerage Plan 1

  Trade Smart Online Upstox
Account Type Power Plan (₹15/Order) Upstox Basic
Fixed Charges
Equity Delivery Brokerage ₹15 ₹0
Equity Intraday Brokerage ₹15 ₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage ₹15 ₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage ₹15 ₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage ₹15 ₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage ₹15 ₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage ₹15 ₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage ₹15

Brokerage Plan 2

  Trade Smart Online Upstox
Account Type Value Plan Upstox Priority
Fixed Charges ₹0
Equity Delivery Brokerage 0.007% ₹0
Equity Intraday Brokerage 0.007% ₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage 0.007% ₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage ₹7 Per Lot ₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage 0.007% ₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage ₹7 Per Lot ₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage 0.007% ₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹15 ₹0
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 ₹20 per trade
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Trade Smart Online Vs Upstox Taxes

  Trade Smart Online Upstox
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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Trade Smart Online Vs Upstox Transaction Charges

  Trade Smart Online Upstox
Equity Delivery 0.0035% NSE ₹325 | BSE ₹275
Equity Intraday 0.0035% NSE ₹325 | BSE ₹275
Equity Futures 0.0024% NSE ₹210
Equity Options 0.0715% NSE ₹5500
Currency Futures 0.00165% ₹150
Currency Options 0.06% ₹6000
Commodity 0.0039% MCX ₹260/Cr
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Trade Smart Online Vs Upstox Exposure Margin

  Trade Smart Online Upstox
Equity Delivery 1x (no margin) 2.5x
Equity Intraday 30x trading margin Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures 7x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options 7x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures 3x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options 3x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity 6x trading margin Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Trade Smart Online and Upstox Feature Comparison

  Trade Smart Online Upstox
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 Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15 PM
Other Features Option strategy builder
Referral Program
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Trade Smart Online Vs Upstox Review

  Trade Smart Online Upstox
  58 Customer Reviews    Rate Trade Smart Online 50 Customer Reviews    Rate Upstox
Fees Ratings 3.9 3.7
Trading Brokerage Rating 4.5 3.6
Trading Platform Usability 3.7 2.8
Customer Service Ratings 4.1 2.4
Overall Ratings Rated 4.1 stars Rated 2.5 stars
Broker Rating Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews Upstox is Rated 2.5 / 5 based on 50 customer reviews
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Contact Broker / Request A Call Back

  Trade Smart Online Upstox
Contact / Request Call Back
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Trade Smart Online Vs Upstox Investment Options

  Trade Smart Online Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
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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Trade Smart Online Vs Upstox Customer Service

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

  Trade Smart Online Upstox
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Trade Smart Online Vs Upstox Research Report

  Trade Smart Online Upstox
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Trade Smart Online Vs Upstox Suitable For Investor Type

  Trade Smart Online Upstox
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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Trade Smart Online Vs Upstox - Advantages and Disadvantages

  Trade Smart Online Upstox
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...

  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

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...

  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.

More Disadvantages...

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

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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