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TradeSmart Vs Upstox (Compare TradeSmart and Upstox)

VNS Finance & Capital Services Ltd Logo

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 Logo

About 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
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX
Year of Incorporation 1994 2012
Number of Branches 1 4
Open TradeSmart AccountOpen Upstox Account

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TradeSmart Vs Upstox Charges & AMC

TradeSmart trading account opening charges is Rs 200 while Upstox account opening changes is Rs 249. TradeSmart Demat Account AMC Charges is Rs 300 and Upstox Demat Account AMC Charges is Rs 0 (Free).

  TradeSmart Upstox
Trading Account Opening Charges Rs 200 Rs 249
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 0 (Free)

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TradeSmart Vs Upstox Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type TradeSmart Power Plan Upstox Default
Fixed Charges NA NA
Equity Delivery Rs 15 per order Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 15 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 15 per order Rs 20 per executed order
Currency Futures Rs 15 per order Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 15 per order Rs 20 per executed order
Commodity Futures Rs 15 per order Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 15 per order Rs 20 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.
Special Offer: FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

TradeSmart Vs Upstox Brokerage Plan 2

  TradeSmart Upstox
Account Type Value Plan Default
Fixed Charges NA
Equity Delivery 0.07% Rs 20 per executed order or 2.5% whichever is low
Equity Intraday 0.007% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.007% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 7 Per Lot Rs 20 per executed order
Currency Futures 0.007% Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 7 Per Lot Rs 20 per executed order
Commodity Futures 0.007% Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 7 Per Lot Rs 20 per executed order
Open TradeSmart AccountOpen Upstox Account

TradeSmart Charges Vs Upstox

Minimum Brokerage Rs 15 per executed order 0.05%
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order Auto Square-off Charges: Rs 50
Call & Trade Charges Rs 20 per executed order Rs 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 Rs 5300 per Cr (0.053%) (on premium).

  TradeSmart Upstox
Equity Delivery 0.0035% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.0035% NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.0024% NSE Rs 200 per Cr (0.002%)
Equity Options 0.0715% NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures 0.00165% NSE Rs 130 per Cr (0.0013%) | BSE Rs 26 per Cr (0.00026%)
Currency Options 0.06% NSE Rs 2900 per Cr (0.029%) | BSE Rs 2600 per Cr (0.026%) (on premium)
Commodity 0.0039% Group A - Rs 290 per Cr (0.0029%)
Open TradeSmart AccountOpen Upstox Account

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TradeSmart Vs Upstox Leverage (Margin)

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

  TradeSmart Upstox
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)
Open TradeSmart AccountOpen Upstox Account

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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 No Yes
Margin Against Shares (Equity Cash) Yes No
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 3:00 PM
Trading In SME Shares Allowed?
Referral Program Yes Yes
Other Features Option strategy builder
Open TradeSmart AccountOpen Upstox Account

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TradeSmart Vs Upstox Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Upstox is rated 2.4 of 5 based on 132 customer reviews.

  TradeSmart Upstox
  67 Customer Reviews    Rate TradeSmart 132 Customer Reviews    Rate Upstox
Fees 3.8 3.4
Brokerage 4.4 3.4
Trading Platform 3.8 2.6
Customer Service 4.0 2.3
Research Capabilities 2.7 2.2
Overall Ratings Rated 4.0 stars Rated 2.4 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews Upstox is rated 2.4 of 5 based on 132 customer reviews

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Contact Broker / Request A Call Back

  TradeSmart Enquire Upstox 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. FREE Account Opening + Rs 1000 brokerage credit + Rs 0 Demat AMC + Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

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TradeSmart Vs Upstox Investment Options

  TradeSmart Upstox
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
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 No
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 Yes
Open TradeSmart AccountOpen Upstox Account

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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 Yes
Active Investor Yes Yes
Trader Yes Yes

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TradeSmart Vs Upstox - Pros and Cons

  TradeSmart Upstox
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.
  • Zero account opening fee.
  • Zero brokerage for trading in Equity Delivery (Cash & Carry).
  • Zero brokerage for Mutual Fund investment.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Offer direct mutual funds.
  • Free trading software for mobile and web browsers.
  • One app for trading in equity, currency, and commodity.
  • Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000.
  • Margin Against Share is available
  • Online IPO, FPO, Bonds, and NCD's are available.
  • Good-Till-Triggered (GTT) orders are available.
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.
  • It does not offer BTST facility.
  • Unlimited monthly plans not available.
  • No stock tips or recommendations.
  • It charges an additional fee for call & trade.
  • It charges an additional fee of Rs 50 for auto-square-off done by the broker.
  • Higher demat debit transaction charges.
  • Upstox doesn't offer NRI Trading and Demat Account.
  • Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
  • Doesn't offer digital gold.
Reviews 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.

Upstox Special Offer

Exclusive offer by Upstox

  • FREE Account Opening.
  • Get Rs 1000 brokerage credit.
  • Rs 0 Demat AMC.
  • Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades.
  • Pay Rs 0 commission for Mutual Funds.

It is a limited-time offer. Open Instant Account and start trading the same day.

Open TradeSmart AccountOpen Upstox Account

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