The side-by-side comparison of Zerodha and Trade Smart Online stock brokers in India. The comparison below highlights the similarities and differences between Zerodha and Trade Smart Online'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 Zerodha and Trade Smart Online.
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed...
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...
Type of Broker
Discount Broker
Discount Broker
Supported Exchnage
NSE, BSE, MCX and NCDEX
BSE, NSE, MCX, NCDEX
Account Type
Standard Plan
Power Plan (₹15/Order)
Broker Enquiry
Stock Broker Fees / Charges
Zerodha
Trade Smart Online
Trading Account Opening Fees
₹300
₹200
Trading Account AMC
₹0 (Free)
₹0
Demat Account Opening Fees
₹100
₹200
Demat Account AMC
₹300
₹300
Demat Account is Mandatory?
No
No
Trading Brokerage Charges
Brokerage Plan 1
Zerodha
Trade Smart Online
Account Type
Standard Plan
Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage
₹0 (Free)
₹15
Equity Intraday Brokerage
₹20 per executed order or .01% whichever is lower
₹15
Equity Futures Brokerage
₹20 per executed order or .01% whichever is lower
₹15
Equity Options Brokerage
₹20 per executed order or .01% whichever is lower
₹15
Currency Futures Trading Brokerage
₹20 per executed order or .01% whichever is lower
₹15
Currency Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
₹15
Commodity Futures Trading Brokerage
₹20 per executed order or .01% whichever is lower
₹15
Commodity Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
₹15
Brokerage Plan 2
Zerodha
Trade Smart Online
Account Type
Standard Plan
Value Plan
Fixed Charges
Equity Delivery Brokerage
₹0 (Free)
0.007%
Equity Intraday Brokerage
₹20 per executed order or .01% whichever is lower
0.007%
Equity Futures Brokerage
₹20 per executed order or .01% whichever is lower
0.007%
Equity Options Brokerage
₹20 per executed order or .01% whichever is lower
₹7 Per Lot
Currency Futures Trading Brokerage
₹20 per executed order or .01% whichever is lower
0.007%
Currency Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
₹7 Per Lot
Commodity Futures Trading Brokerage
₹20 per executed order or .01% whichever is lower
0.007%
Commodity Options Trading Brokerage
₹20 per executed order or .01% whichever is lower
Other Charges
Minimum Brokerage Charges
₹0
₹15
Other Brokerage Charges
Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
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 executed order
Taxes
Zerodha
Trade Smart Online
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.
Transaction Charges
Zerodha
Trade Smart Online
Equity Delivery
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
0.0035%
Equity Intraday
NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
0.0035%
Equity Futures
NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
0.0024%
Equity Options
NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
0.0715%
Currency Futures
NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
0.00165%
Currency Options
NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
0.06%
Commodity
Group A - ₹260 per Cr (0.0026%)
0.0039%
Exposure
Zerodha
Trade Smart Online
Equity Delivery
1x (no margin)
1x (no margin)
Equity Intraday
Up to 20x (based on the stock)
30x trading margin
Equity Futures
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
7x trading margin
Equity Options
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
7x trading margin
Currency Futures
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
3x trading margin
Currency Options
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
3x trading margin
Commodity
Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
6x trading margin
Share Broker Features
Zerodha
Trade Smart Online
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
NEST, NOW, Spin
Intraday Square-off Time
3:10 PM
Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features
Direct Mutual Funds, APIs
Broker Ratings (Average User Rating)
Zerodha
Trade Smart Online
330 Customer Reviews
58 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Zerodha is Rated 3.7 / 5 based on 330 customer reviews
Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews
Contact Broker / Request A Call Back
Zerodha
Trade Smart Online
Contact / Request Call Back
Investment Options Available
Zerodha
Trade Smart Online
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Customer Service Offered
Zerodha
Trade Smart Online
24/7 Customer Service
Onine Live Chat
Through Branches
Order Type
Zerodha
Trade Smart Online
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Research / Tips / Reports Published
Zerodha
Trade Smart Online
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Suitable for Investor Category
Zerodha
Trade Smart Online
Casual Investor
Active Investor
Trader
Pros, Cons and Other Review Comments
Zerodha
Trade Smart Online
Pros
Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
Excellent trading platforms made available for free to all its customers.
Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
10% referral credit for reffering new customers.
Direct Mutual Fund Investment is available.
Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.
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.
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
Zerodha
Zero Account Opening Fee