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Finvasia Vs TradeSmart: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Finvasia Max Rs 0 per trade while the brokerage of TradeSmart Max Rs 15 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Finvasia is 1,05,160 where number of active customer for TradeSmart is 29,627. Finvasia is serving more customer compare to TradeSmart.

Here we present side-by-side comparison of Finvasia vs TradeSmart share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Finvasia vs TradeSmart's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Finvasia vs TradeSmart share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Finvasia vs TradeSmart's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Finvasia vs TradeSmart on Service

  Finvasia Compare
Finvasia
TradeSmart Compare
TradeSmart
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,05,160 29,627
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Finvasia vs TradeSmart on Trading & Demat Account Opening Charges

Comparison of Finvasia with TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - Finvasia offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - Finvasia offer Free AMC for Demat account where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Finvasia with TradeSmart
Charges Finvasia TradeSmart
Trading Account Opening Fees Free Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Free Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs TradeSmart on Plan Options

Plans are the most important feature you look when compare Finvasia with TradeSmart. This section compare on high level about type of plans offered by brokers. Multiple Plans - TradeSmart provides Multiple Plans where Finvasia doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Finvasia with TradeSmart on Plan Options
Plan Types Finvasia TradeSmart
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Finvasia vs TradeSmart on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

Brokerage Charges - Compare Finvasia with TradeSmart
Brokerage Charges Compare Finvasia TradeSmart
Plan Name Zero Brokerage Trading Plan Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery Rs 0 Flat Fee Rs 15
Equity Intraday Rs 0 Flat Fee Rs 15
Equity Futures Rs 0 Flat Fee Rs 15
Equity Options Rs 0 Flat Fee Rs 15
Currency Futures Rs 0 Flat Fee Rs 15
Currency Options Rs 0 Flat Fee Rs 15
Commodity Trading Rs 0 Flat Fee Rs 15
Minimum Brokerage NA NIL
Hidden Charges No No
Funding Yes, 24% interest PA No
Call & Trade Charges Free Rs 20 per executed Order
Auto Square off Charges Free Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare Finvasia vs TradeSmart on Transaction Charges

Compare Finvasia with TradeSmart on transaction charges and PCM fee by segment.

Transaction Charges - Compare Finvasia with TradeSmart
Transaction Charges Compare Finvasia TradeSmart
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for trade-smart-online
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Account Features

Compare Finvasia vs TradeSmart on Account Features

Compare Finvasia with TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - Finvasia offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - Finvasia with TradeSmart
Account Features Compare Finvasia TradeSmart
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15 PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs TradeSmart on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia and TradeSmart. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Finvasia with TradeSmart
Trading Platform Compare Finvasia TradeSmart
Desktop Trading Platform OMNESYS NEST NEST Trader & Fox Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ https://sine.tradesmartonline.in/userMaster/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT Sine
Mobile Trading App Demo SCALPERT Demo Sine Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Sine Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS Sine Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for TradeSmart
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for TradeSmart
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for trade-smart-online

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Broker Ratings by Users

Compare Finvasia vs TradeSmart on User Rating

  Finvasia TradeSmart
  17 Customer Reviews    Rate Finvasia 34 Customer Reviews    Rate TradeSmart
Fees Ratings 4.3 3.9
Trading Brokerage Rating 4.6 4.4
Trading Platform Usability 4.0 3.7
Customer Service Ratings 3.5 4.0
Overall Ratings 4.2 4.0
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare Finvasia vs TradeSmart on Investment Offerings

Compare Finvasia with TradeSmart on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Finvasia offers online mutual fund investment option where TradeSmart doesn't offer. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Finvasia with TradeSmart
Investment Offerings Compare Finvasia TradeSmart
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Finvasia vs TradeSmart on Order Types

Order Type - Compare Finvasia with TradeSmart on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with TradeSmart
Order Type Compare Finvasia TradeSmart
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Finvasia vs TradeSmart on Customer Service

Compare Finvasia with TradeSmart on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Finvasia with TradeSmart
Customer Service Compare Finvasia TradeSmart
24/7 Customer Service Finvasia vs TradeSmart - 24x7 customer support No No
Email Support Finvasia vs TradeSmart - Email Support Yes Yes
Onine Live Chat Finvasia vs TradeSmart - Onine Live Chat Yes Yes
Phone Support Finvasia vs TradeSmart - Phone Support Yes Yes
Toll Free Number Finvasia vs TradeSmart - Toll Free Number No No
Through Branches Finvasia vs TradeSmart - Through Branches No No
Customer Care Number Finvasia vs TradeSmart - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 022 61208000
Account Opening Process Finvasia vs TradeSmart - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs TradeSmart - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs TradeSmart - Knowledge Center/Education https://finvasia.com/announcements https://help.tradesmartonline.in/
Head Office Address Finvasia vs TradeSmart - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website Finvasia vs TradeSmart - Company Website https://www.finvasia.com/ https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare Finvasia vs TradeSmart on Research Reports, Tips

Compare Finvasia with TradeSmart on research reports and tips provided by the broker.

Research Reports - Compare Finvasia with TradeSmart
  Finvasia TradeSmart
Research Mutual Funds Finvasia vs TradeSmart - Research Mutual Funds No No
Research Equity Reports Finvasia vs TradeSmart - Research Equity Reports No No
Research ETF Finvasia vs TradeSmart - Research ETF No No
Daily Market Report Finvasia vs TradeSmart - Daily Market Report No No
Free Tips Finvasia vs TradeSmart - Free Tips No No
Quarterly Result Analysis Finvasia vs TradeSmart - Quarterly Results No No
News Alerts Finvasia vs TradeSmart - No No
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Demat Account

Compare Finvasia vs TradeSmart on Demat Account

Compare Finvasia with TradeSmart on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Finvasia is Free where for TradeSmart is ₹300 pa. Finvasia is a better choice in terms of Demat AMC compare to TradeSmart.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction where for TradeSmart is ₹25.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Finvasia with TradeSmart
  Finvasia TradeSmart
DP Source CDSL CDSL
DP ID Finvasia vs TradeSmart - DP ID 84300 30400
Demat Account Annual Maintenance Charges(AMC) Free ₹300 pa
Advance Deposit Rs 0 NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹25
Demat ₹15 per certificate ₹500 per certificate (Min ₹500 per request)
Remat ₹15 for every hundred securities + CDSL Charges ₹500 per certificate (Min ₹500 per request)
Pledge Creation ₹25 per transaction ₹200 per script
₹50 for trading margin each side
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction ₹200 per script
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction ₹200 per script
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs TradeSmart on Special Offers and Promotion

Compare Finvasia with TradeSmart on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Finvasia vs TradeSmart on Special Offers and Promotion
  Finvasia TradeSmart
Pay In and Pay Out Options Finvasia vs TradeSmart - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Finvasia vs TradeSmart - Payout Time Up to 24 hrs except for bank holidays. Up to 24 Hrs except Bank Holidays.
Bank Supported and Charges Finvasia vs TradeSmart - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms.
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
VNS Finance and Capital Services Ltd.,
Account Number:VNS095XXXXXXX
Bank and Branch: Yes Bank,CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • No Hidden charges.

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading. Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00