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Trade Smart Online Vs Upstox Share Broker Comparison

The side-by-side comparison of Trade Smart Online and Upstox stock brokers in India. The comparison below highlights the similarities and differences between Trade Smart Online and Upstox'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 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 What is this parameter? Discount Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX
Account Type What is this parameter? Power Plan (Rs 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.
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Stock Broker Fees / Charges

  Trade Smart Online Upstox
Trading Account Opening Fees What is this parameter? Rs 300 ₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC What is this parameter? Rs 0 ₹0
Demat Account Opening Fees What is this parameter? Rs 500 ₹0
Demat Account AMC What is this parameter? Rs 300 ₹150 (paid upfront)
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

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

Brokerage Plan 2

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

Other Charges

Minimum Brokerage Charges What is this parameter? Rs 15 ₹0
Other Brokerage Charges What is this parameter? Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges What is this parameter? Rs 20 per executed order ₹20 per trade
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Taxes

  Trade Smart Online Upstox
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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 Upstox
Equity Delivery What is this parameter? 0.0035% NSE ₹325 | BSE ₹275
Equity Intraday What is this parameter? 0.0035% NSE ₹325 | BSE ₹275
Equity Futures What is this parameter? 0.0024% NSE ₹210
Equity Options What is this parameter? 0.0715% NSE ₹5500
Currency Futures What is this parameter? 0.00165% ₹150
Currency Options What is this parameter? 0.06% ₹6000
Commodity What is this parameter? 0.0039% MCX ₹260/Cr
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Exposure

  Trade Smart Online Upstox
Equity Delivery What is this parameter? 1x (no margin) 1x
Equity Intraday What is this parameter? 30x trading margin Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x
Equity Futures What is this parameter? 7x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x
Equity Options What is this parameter? 7x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Futures What is this parameter? 3x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Currency Options What is this parameter? 3x trading margin Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x
Commodity What is this parameter? 6x trading margin Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x
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Share Broker Features

  Trade Smart Online Upstox
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes No
SMS Alerts What is this parameter? No No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? No No
Margin Trading Funding Available What is this parameter? No No
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? NEST, NOW Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time What is this parameter? Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing 3:15 PM
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Trade Smart Online Upstox
  57 Customer Reviews    Rate Trade Smart Online 46 Customer Reviews    Rate Upstox
Fees Ratings 3.9 3.7
Trading Brokerage Rating 4.5 3.6
Trading Platform Usability 3.8 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 57 customer reviews Upstox is Rated 2.5 / 5 based on 46 customer reviews
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Contact Broker / Request A Call Back

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

  Trade Smart Online Upstox
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? Yes Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? No No
Mutual Funds What is this parameter? Yes No
Bond / NCD What is this parameter? Yes No
Debt What is this parameter? No No
Other Investment Options What is this parameter?
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Customer Service Offered

  Trade Smart Online Upstox
24/7 Customer Service What is this parameter? No No
Onine Live Chat What is this parameter? Yes No
Through Branches What is this parameter? No No
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Order Type

  Trade Smart Online Upstox
Bracket Order What is this parameter?
Cover Order What is this parameter?
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter?
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Research / Tips / Reports Published

  Trade Smart Online Upstox
Daily Market Report What is this parameter? No No
Free Tips What is this parameter? No No
Quarterly Result Analysis What is this parameter? No No
News Alerts What is this parameter? No No
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Suitable for Investor Category

  Trade Smart Online Upstox
Casual Investor What is this parameter?
Active Investor What is this parameter? Yes Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Trade Smart Online Upstox
Pros What is this parameter?
  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of Rs 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 knowledgebase 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 What is this parameter?
  • 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.

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.

More Disadvantages...

Reviews What is this parameter? Useful Articles: Useful articles about Upstox:
Promo / Offers What is this parameter?

Get Account Opening Fee Refunded

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback.

To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.

Enquire about Trade Smart Online Enquire about Upstox
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