TradeSmart Vs Upstox (Compare TradeSmart and Upstox)

The side-by-side comparison of TradeSmart and Upstox. Compare TradeSmart Vs Upstox brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best TradeSmart vs Upstox?


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


Upstox
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 Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox

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TradeSmart Vs Upstox

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

  TradeSmart Upstox
Type of Broker Discount Broker Discount Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Power Plan (₹15/Order) Upstox Basic
Year of Incorporation 1994 2012
Number of Branches 1 4
Broker Enquiry Open an Online Trading Account with TradeSmart. 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.
Enquire TradeSmartEnquire Upstox
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TradeSmart Vs Upstox Charges & AMC

TradeSmart trading account opening charges is ₹200 while Upstox account opening changes is ₹249. TradeSmart Demat Account AMC Charges is ₹300 and Upstox Demat Account AMC Charges is ₹300.

  TradeSmart Upstox
Trading Account Opening Charges ₹200 ₹249
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹200 ₹0 (Free)
Demat Account AMC Charges ₹300 ₹300
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TradeSmart Vs Upstox Brokerage Charges & Plans

TradeSmart Vs Upstox Brokerage

TradeSmart brokerage charges for equity is ₹15 per executed order and intraday is ₹15 per executed order whereas Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower.

  TradeSmart Upstox
Account Type Power Plan (₹15/Order) Upstox Basic
Fixed Charges
Equity Delivery Brokerage ₹15 per executed order ₹0 (Free)
Equity Intraday Brokerage ₹15 per executed order ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage ₹15 per executed order ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹15 per executed order ₹20 per executed order
Currency Futures Trading Brokerage ₹15 per executed order ₹20 per executed order or 0.05% whichever is lower
Currency Options Trading Brokerage ₹15 per executed order ₹20 per executed order
Commodity Futures Trading Brokerage ₹15 per executed order ₹20 per executed order or 0.05% whichever is lower
Commodity Options Trading Brokerage ₹15 per executed order ₹20 per executed order
Special Offer
Special Offer: FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

TradeSmart Vs Upstox Brokerage Plan 2

  TradeSmart Upstox
Account Type Value Plan Upstox Priority (Higher Margin)
Fixed Charges NA
Equity Delivery Brokerage 0.007% ₹0
Equity Intraday Brokerage 0.007% ₹30 per executed order or 0.10% whichever is lower
Equity Futures Brokerage 0.007% ₹30 per executed order or 0.10% whichever is lower
Equity Options Brokerage ₹7 Per Lot ₹30 per executed order
Currency Futures Trading Brokerage 0.007% ₹30 per executed order or 0.10% whichever is lower
Currency Options Trading Brokerage ₹7 Per Lot ₹30 per executed order
Commodity Futures Trading Brokerage 0.007% ₹30 per executed order or 0.10% whichever is lower
Commodity Options Trading Brokerage ₹7 Per Lot ₹30 per executed order
Enquire TradeSmartEnquire Upstox

TradeSmart Charges Vs Upstox

Minimum Brokerage Charges ₹15 per executed order 0.05%
Other Brokerage Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20 per executed order
Call & Trade Charges ₹20 per executed order ₹20 per trade
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TradeSmart Vs Upstox Transaction Charges

TradeSmart transaction charges for options is 0.0715% while Upstox exchange transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium).

  TradeSmart Upstox
Equity Delivery 0.0035% NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday 0.0035% NSE ₹325 per Cr (0.00325%) (each side)
Equity Futures 0.0024% NSE ₹210 per Cr (0.0021%)
Equity Options 0.0715% NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures 0.00165% NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%)
Currency Options 0.06% NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity 0.0039% Group A - ₹290 per Cr (0.0029%)
Enquire TradeSmartEnquire Upstox
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TradeSmart Vs Upstox Leverage (Margin)

TradeSmart provides the margin of 30x trading margin for intraday trades whereas the Upstox margin for intraday cash is Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x.

  TradeSmart Upstox
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday 30x trading margin Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity Futures MIS: 3X | BO: 7X | CO: 7X Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity Options MIS: 3X | BO: 7X | CO: 7X Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency Futures MIS: 3X | BO: 3X | CO: 3X Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency Options MIS: 3X | BO: NA | CO: NA Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity Futures MIS: 2X | BO: 6X | CO: 6X Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity Options MIS: NA | BO: NA | CO: NA
Enquire TradeSmartEnquire Upstox
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Compare TradeSmart and Upstox Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

  TradeSmart 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) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
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 Yes Yes
Enquire TradeSmartEnquire Upstox
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TradeSmart Vs Upstox Review

TradeSmart is rated 4.0 of 5 based on 64 customer reviews whereas Upstox is rated 2.4 of 5 based on 95 customer reviews.

  TradeSmart Upstox
  64 Customer Reviews    Rate TradeSmart 95 Customer Reviews    Rate Upstox
Fees 3.8 3.5
Trading Brokerage 4.4 3.5
Trading Platform Usability 3.7 2.6
Customer Service 4.0 2.3
Research Capabilities 3.0 2.2
Overall Ratings Rated 4.0 stars Rated 2.4 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 64 customer reviews Upstox is rated 2.4 of 5 based on 95 customer reviews
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Contact Broker / Request A Call Back

  TradeSmart Enquire Upstox Enquire
Contact Broker

FREE Account Opening (₹400 waived) + Trade at flat ₹15 per order. Get the offer

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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TradeSmart Vs Upstox Investment Options

  TradeSmart Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes No
Bond / NCD Yes No
Debt No No
Other Investment Options
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TradeSmart Vs Upstox Order Type Offered

  TradeSmart Upstox
Bracket Order Yes Yes
Cover Order Yes Yes
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 No
Enquire TradeSmartEnquire Upstox
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TradeSmart Vs Upstox Research Report

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

  TradeSmart Upstox
Casual Investor
Active Investor Yes Yes
Trader Yes Yes
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TradeSmart Vs Upstox - Pros and Cons

  TradeSmart Upstox
Pros
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with an annual subscription fee of ₹1000.
  • 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. 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.
  9. Online IPO, FPO, Bonds and NCD's are available.
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.
  • 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.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Doesn't offer BTST facility.
Reviews Useful Articles:
Promo / Offers

Limited Time Offer - Free Account Opening (₹400 waived)

Open TradeSmart Trading Account and get Free Trading, Demat and Mutual Fund Account + Trade at flat ₹15 per order.

Get this limited time offer

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

Request Callback
Enquire TradeSmartEnquire Upstox

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