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TradeSmart Vs Nuvama (Edelweiss) (Compare TradeSmart and Nuvama (Edelweiss))

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

Nuvama Wealth & Investment Limited Logo

About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm. The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options. Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best... Know more about Nuvama Wealth & Investment Limited

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TradeSmart Vs Nuvama (Edelweiss)

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.

  TradeSmart Nuvama (Edelweiss)
Type of Broker Discount Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 1994 2002
Number of Branches 1 237
Open TradeSmart AccountOpen Nuvama (Edelweiss) Account

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TradeSmart Vs Nuvama (Edelweiss) Charges & AMC

TradeSmart trading account opening charges is Rs 200 while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).

  TradeSmart Nuvama (Edelweiss)
Trading Account Opening Charges Rs 200 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 200 Rs 0 (Free)
Demat Account AMC Charges Rs 300 Rs 500 (1st Year Free)

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TradeSmart Vs Nuvama (Edelweiss) Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order.

Account Type TradeSmart Power Plan Nuvama (Edelweiss) Nuvama Lite
Fixed Charges NA NA
Equity Delivery Rs 15 per order Rs 10 per executed order
Equity Intraday Rs 15 per order Rs 10 per executed order
Equity Futures Rs 15 per order Rs 10 per executed order
Equity Options Rs 15 per order Rs 10 per executed order
Currency Futures Rs 15 per order Rs 10 per executed order
Currency Options Rs 15 per order Rs 10 per executed order
Commodity Futures Rs 15 per order
Commodity Options Rs 15 per 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: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

TradeSmart Vs Nuvama (Edelweiss) Brokerage Plan 2

  TradeSmart Nuvama (Edelweiss)
Account Type Value Plan Nuvama Elite
Fixed Charges
Equity Delivery 0.07% 0.30%
Equity Intraday 0.007% 0.03%
Equity Futures 0.007% 0.03%
Equity Options Rs 7 Per Lot Rs 75 per lot
Currency Futures 0.007% 0.02%
Currency Options Rs 7 Per Lot Rs 20 per lot
Commodity Futures 0.007%
Commodity Options Rs 7 Per Lot
Open TradeSmart AccountOpen Nuvama (Edelweiss) Account

TradeSmart Charges Vs Nuvama (Edelweiss)

Minimum Brokerage Rs 15 per executed order 0.03% Equity delivery, 0.01% Intra-day and Futures
Other Charges Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges Rs 20 per executed order Rs 20 per call

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TradeSmart Vs Nuvama (Edelweiss) Transaction Charges

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

  TradeSmart Nuvama (Edelweiss)
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%
Open TradeSmart AccountOpen Nuvama (Edelweiss) Account

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TradeSmart Vs Nuvama (Edelweiss) Leverage (Margin)

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

  TradeSmart Nuvama (Edelweiss)
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 Nuvama (Edelweiss) Account

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Compare TradeSmart and Nuvama (Edelweiss) Features

The trading platforms offered TradeSmart include NEST, NOW, Spin. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.

  TradeSmart Nuvama (Edelweiss)
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 Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform NEST, NOW, Spin Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress
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
Other Features
Open TradeSmart AccountOpen Nuvama (Edelweiss) Account

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TradeSmart Vs Nuvama (Edelweiss) Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews.

  TradeSmart Nuvama (Edelweiss)
  67 Customer Reviews    Rate TradeSmart 76 Customer Reviews    Rate Nuvama (Edelweiss)
Fees 3.8 3.0
Brokerage 4.4 3.1
Trading Platform 3.8 3.4
Customer Service 4.0 2.7
Research Capabilities 2.7 2.9
Overall Ratings Rated 4.0 stars Rated 2.9 stars
Broker Rating TradeSmart is rated 4.0 of 5 based on 67 customer reviews Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews

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Contact Broker / Request A Call Back

  TradeSmart Enquire Nuvama (Edelweiss) 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. Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

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TradeSmart Vs Nuvama (Edelweiss) Investment Options

  TradeSmart Nuvama (Edelweiss)
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

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TradeSmart Vs Nuvama (Edelweiss) Order Type Offered

  TradeSmart Nuvama (Edelweiss)
Bracket Order Yes No
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
Open TradeSmart AccountOpen Nuvama (Edelweiss) Account

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TradeSmart Vs Nuvama (Edelweiss) Research Report

  TradeSmart Nuvama (Edelweiss)
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes

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TradeSmart Vs Nuvama (Edelweiss) Suitable For Investor Type

  TradeSmart Nuvama (Edelweiss)
Casual Investor
Active Investor Yes Yes
Trader Yes Yes

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TradeSmart Vs Nuvama (Edelweiss) - Pros and Cons

  TradeSmart Nuvama (Edelweiss)
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. Full-service broker offering discount brokerage plan.
  2. Trade at flat Rs 10 per executed order across all segments in Nuvama Lite Plan.
  3. Instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  4. Offer commodity trading on the same trading platform.
  5. Free research and trading tips call to all the customers.
  6. Online IPO application.
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. The bracket orders are not available.
  2. Good Till canceled orders are not available.
  3. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  4. Call & Trade is available at an additional cost of Rs 20 per call.
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.

Nuvama (Edelweiss) Special Offer

Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)

  • Flat Rs 10 per trade across all segments.
  • FREE Research and Trading Tips.
  • Margin against share and Margin Funding available.

It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.

Open TradeSmart AccountOpen Nuvama (Edelweiss) Account

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