Zerodha Vs TradeSmart (Compare Zerodha and TradeSmart)


Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha


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

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Zerodha Vs TradeSmart

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.

  Zerodha TradeSmart
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Year of Incorporation 2010 1994
Number of Branches 22 1
Open an Online Trading Account with Zerodha.Open an Online Trading Account with TradeSmart.
Open Zerodha AccountOpen TradeSmart Account
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Zerodha Vs TradeSmart Charges & AMC

Zerodha trading account opening charges is Rs 200 while TradeSmart account opening changes is Rs 200. Zerodha Demat Account AMC Charges is Rs 300 and TradeSmart Demat Account AMC Charges is Rs 300.

  Zerodha TradeSmart
Trading Account Opening Charges Rs 200 Rs 200
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 Rs 200
Demat Account AMC Charges Rs 300 Rs 300
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Zerodha Vs TradeSmart Brokerage Charges & Plans

Zerodha Vs TradeSmart Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.

  Zerodha TradeSmart
Account Type Flat Brokerage Plan Power Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) Rs 15 per order
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 15 per order
Equity Futures Rs 20 per executed order or .03% whichever is lower Rs 15 per order
Equity Options Rs 20 per executed order Rs 15 per order
Currency Futures Rs 20 per executed order or .03% whichever is lower Rs 15 per order
Currency Options Rs 20 per executed order or .03% whichever is lower Rs 15 per order
Commodity Futures Rs 20 per executed order or .03% whichever is lower Rs 15 per order
Commodity Options Rs 20 per executed order or .03% whichever is lower Rs 15 per order
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
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.

Zerodha Vs TradeSmart Brokerage Plan 2

  Zerodha TradeSmart
Account Type Flat Brokerage Plan Value Plan
Fixed Charges
Equity Delivery Rs 0 (Free) 0.07%
Equity Intraday Rs 20 per executed order or .03% whichever is lower 0.007%
Equity Futures Rs 20 per executed order or .03% whichever is lower 0.007%
Equity Options Rs 20 per executed order Rs 7 Per Lot
Currency Futures Rs 20 per executed order or .03% whichever is lower 0.007%
Currency Options Rs 20 per executed order or .03% whichever is lower Rs 7 Per Lot
Commodity Futures Rs 20 per executed order or .03% whichever is lower 0.007%
Commodity Options Rs 20 per executed order or .03% whichever is lower Rs 7 Per Lot
Open Zerodha AccountOpen TradeSmart Account

Zerodha Charges Vs TradeSmart

Minimum Brokerage 0.03% in Intraday and F&O Rs 15 per executed order
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Rs 50 per executed order Rs 20 per executed order
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Zerodha Vs TradeSmart Transaction Charges

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while TradeSmart exchange transaction charges for options is 0.0715%.

  Zerodha TradeSmart
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) 0.0035%
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) 0.0035%
Equity Futures NSE Rs 200 per Cr (0.002%) 0.0024%
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) 0.0715%
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) 0.00165%
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) 0.06%
Commodity Group A - Rs 260 per Cr (0.0026%) 0.0039%
Open Zerodha AccountOpen TradeSmart Account
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Zerodha Vs TradeSmart Leverage (Margin)

Zerodha margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the TradeSmart margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Zerodha TradeSmart
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Open Zerodha AccountOpen TradeSmart Account
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Compare Zerodha and TradeSmart Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. TradeSmart offers NEST, NOW, Spin trading software.

  Zerodha TradeSmart
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin NEST, NOW, Spin
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes Yes
Open Zerodha AccountOpen TradeSmart Account
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Zerodha Vs TradeSmart Review

Zerodha is rated 3.7 of 5 based on 433 customer reviews whereas TradeSmart is rated 4.0 of 5 based on 67 customer reviews.

  Zerodha TradeSmart
  433 Customer Reviews    Rate Zerodha 67 Customer Reviews    Rate TradeSmart
Fees 3.7 3.8
Brokerage 4.2 4.4
Trading Platform 3.6 3.8
Customer Service 3.4 4.0
Research Capabilities 2.7 2.7
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 433 customer reviews TradeSmart is rated 4.0 of 5 based on 67 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire TradeSmart Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
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Zerodha Vs TradeSmart Investment Options

  Zerodha TradeSmart
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No No
Other Investment Options
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Zerodha Vs TradeSmart Order Type Offered

  Zerodha TradeSmart
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes
Open Zerodha AccountOpen TradeSmart Account
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Zerodha Vs TradeSmart Research Report

  Zerodha TradeSmart
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No
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Zerodha Vs TradeSmart Suitable For Investor Type

  Zerodha TradeSmart
Casual Investor Yes
Active Investor Yes Yes
Trader Yes Yes
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Zerodha Vs TradeSmart - Pros and Cons

  Zerodha TradeSmart
Pros
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
  • 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.
Cons
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
  • 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.
Reviews Useful Articles:
Promo / Offers

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

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.

Open Zerodha AccountOpen TradeSmart Account

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Zerodha TradeSmart
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