Zerodha Vs Trade Smart Online Share Broker Comparison
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.
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Zerodha |
Trade Smart Online |
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| About the Broker |
Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...  |
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
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Discount Broker |
Discount Broker |
| Supported Exchnage
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NSE, BSE, MCX and NCDEX |
BSE, NSE, MCX, NCDEX |
| Account Type
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Standard Plan |
Power Plan (Rs 15/Order) |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Zerodha |
Trade Smart Online |
| Trading Account Opening Fees
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₹300 |
Rs 300 |
| Trading Account AMC
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₹0 (Free) |
Rs 0 |
| Demat Account Opening Fees
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₹100 |
Rs 500 |
| Demat Account AMC
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₹300 |
Rs 300 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Zerodha |
Trade Smart Online |
| Account Type |
Standard Plan |
Power Plan (Rs 15/Order) |
| Fixed Charges
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| Equity Delivery Brokerage
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₹0 (Free) |
Rs 15 |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 15 |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 15 |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 15 |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 15 |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 15 |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 15 |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Zerodha |
Trade Smart Online |
| Account Type |
Standard Plan |
Value Plan |
| Fixed Charges
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| Equity Delivery Brokerage
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₹0 (Free) |
0.007% |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
0.007% |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
0.007% |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 7 Per Lot |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
0.007% |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 7 Per Lot |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
0.007% |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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Zerodha |
Trade Smart Online |
| Account Type |
Standard Plan |
Infinity Plan (Unlimited Trading) |
| Fixed Charges
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Rs 3999 |
| Equity Delivery Brokerage
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₹0 (Free) |
Rs 0 |
| Equity Intraday Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 0 |
| Equity Futures Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 0 |
| Equity Options Brokerage
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₹20 per executed order or .01% whichever is lower |
Rs 0 |
| Currency Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
NA |
| Currency Options Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
NA |
| Commodity Futures Trading Brokerage
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₹20 per executed order or .01% whichever is lower |
NA |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹0 |
Rs 15 |
| Other Brokerage Charges
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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
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₹20 per executed order |
Rs 20 per executed order |
Taxes
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Zerodha |
Trade Smart Online |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Zerodha |
Trade Smart Online |
| Equity Delivery
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
0.0035% |
| Equity Intraday
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NSE ₹325 per crore | BSE ₹1 per trade (each side) |
0.0035% |
| Equity Futures
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NSE ₹210 per crore | BSE ₹1 per trade (each side) |
0.0024% |
| Equity Options
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NSE ₹5300 per crore | BSE ₹1 per trade (each side) |
0.0715% |
| Currency Futures
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NSE ₹135 per crore (0.00135%) |
0.00165% |
| Currency Options
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NSE ₹4400 (on premium) per crore (0.044%) |
0.06% |
| Commodity
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Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore |
0.0039% |
Exposure
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Zerodha |
Trade Smart Online |
| Equity Delivery
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1x (no margin) |
4x trading margin though EquiMax funding* (with 0.05% delayed payment charges) |
| Equity Intraday
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Up to 20x (based on the stock) |
30x trading margin |
| Equity Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
5x trading margin |
| Equity Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
5x trading margin |
| Currency Futures
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
3x trading margin |
| Currency Options
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
3x trading margin |
| Commodity
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Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
5x trading margin |
Share Broker Features
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Zerodha |
Trade Smart Online |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Trading Platform
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Kite Web, Kite Android/iOS, Pi, Coin |
NEST, NOW |
| Intraday Square-off Time
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3:10 PM |
Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing |
| Other Features
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Direct Mutual Funds |
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Broker Ratings (Average User Rating)
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Zerodha |
Trade Smart Online |
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321 Customer Reviews  |
57 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Zerodha is Rated 3.8 / 5 based on 321 customer reviews |
Trade Smart Online is Rated 4.1 / 5 based on 57 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Zerodha |
Trade Smart Online |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Customer Service Offered
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Zerodha |
Trade Smart Online |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Zerodha |
Trade Smart Online |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Zerodha |
Trade Smart Online |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Zerodha |
Trade Smart Online |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Zerodha |
Trade Smart Online |
| Pros
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- 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.
More Advantages... |
- 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 3 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... |
| Cons
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- Doesn't provide stock tips, research reports or recommendations.
- Call & Trade is charged at extra Rs 20 order.
- Doesn't provide options to invest in IPO, Bond and NCD's public offers.
- Margin funding is not available.
- GTC/GTD not available in Equity.
More Disadvantages... |
- 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.
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More Disadvantages... |
| Reviews
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Useful Articles about Zerodha:
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Useful Articles:
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| Promo / Offers
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Truly free equity delivery trading
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.
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Enquire about Zerodha
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Enquire about Trade Smart Online
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Zerodha
Zero Account Opening Fee