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TradeSmart Vs Fyers: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of TradeSmart Max Rs 15 per trade while the brokerage of Fyers Max Rs 20 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 Fyers is 2,19,169 where number of active customer for TradeSmart is 29,627. Fyers is serving more customer compare to TradeSmart.

Here we present side-by-side comparison of TradeSmart vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared TradeSmart vs Fyers'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 TradeSmart vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared TradeSmart vs Fyers'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 TradeSmart vs Fyers on Service

  TradeSmart Compare
TradeSmart
Fyers Compare
Fyers
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
Active Clients 29,627 2,19,169
Broker Overview 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. Fyers is one of India's most popular brokers thanks to its best-in-class technology platforms, user-friendly interface (Fyers 2.0 app, Fyers Next, and Fyers One terminal), ultra-low brokerage (Rs 20/order), lowest NRI trading (Rs 50/order) and free i...Know more about Fyers
Broker Enquiry Request call back from Zerodha Request call back from Fyers
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Account Opening Charges and AMC

Compare TradeSmart vs Fyers on Trading & Demat Account Opening Charges

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

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

Compare TradeSmart vs Fyers on Plan Options

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

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

Account Opening

  Zerodha Fyers
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs Fyers on Brokerage Charges

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.

Fyers Brokerage Plan detail - Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.

Brokerage Charges - Compare TradeSmart with Fyers
Brokerage Charges Compare TradeSmart Fyers
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Max Rs 20 Per Order Trading Plan
Equity Delivery Flat Fee Rs 15 Free
Equity Intraday Flat Fee Rs 15 0.03% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 15 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 15 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 15 Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding No No
Call & Trade Charges Rs 20 per executed Order Rs 50 Per Order
Auto Square off Charges Rs 20 per executed Order Rs 50 Per Order
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Fyers
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Share Broker's Transaction Charges

Compare TradeSmart vs Fyers on Transaction Charges

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

Transaction Charges - Compare TradeSmart with Fyers
Transaction Charges Compare TradeSmart Fyers
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 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for trade-smart-online Complete Brokerage Plans for fyers
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Account Features

Compare TradeSmart vs Fyers on Account Features

Compare TradeSmart with Fyers 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 - both doesn't offer NRI Trading facility.

Account Features - TradeSmart with Fyers
Account Features Compare TradeSmart Fyers
3 in 1 Account No TradeSmart have 2-in-1 account. Only Demate and Trading account. No TradeSmart 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 No No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading No No
Other Features NIL Fyers 30 Day Challenge
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Trading Platform

Compare TradeSmart vs Fyers on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart and Fyers. 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 TradeSmart with Fyers
Trading Platform Compare TradeSmart Fyers
Desktop Trading Platform NEST Trader & Fox Trader Fyers One
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://sine.tradesmartonline.in/userMaster/login Fyers Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Sine Fyers 2.0 Mobile App
Mobile Trading App Demo Sine Demo Fyers 2.0 Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod Fyers 2.0 Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sine Download iOS Fyers 2.0 Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for TradeSmart Equity Intraday and Delivery Brokerage Calculator for Fyers
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Fyers
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Fyers
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for fyers

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Broker Ratings by Users

Compare TradeSmart vs Fyers on User Rating

  TradeSmart Fyers
  34 Customer Reviews    Rate TradeSmart 10 Customer Reviews    Rate Fyers
Fees Ratings 3.9 3.5
Trading Brokerage Rating 4.4 3.6
Trading Platform Usability 3.7 3.6
Customer Service Ratings 4.0 3.4
Overall Ratings 4.0 3.2
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Fyers is Rated 3.2 / 5 based on 10 customer reviews
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Investment Offerings

Compare TradeSmart vs Fyers on Investment Offerings

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

Compare TradeSmart vs Fyers on Order Types

Order Type - Compare TradeSmart with Fyers 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- Fyers offers Good Till Cancelled (GTC) orders where TradeSmart doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare TradeSmart with Fyers
Order Type Compare TradeSmart Fyers
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 Yes
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Customer Service Offered

Compare TradeSmart vs Fyers on Customer Service

Compare TradeSmart with Fyers 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 TradeSmart with Fyers
Customer Service Compare TradeSmart Fyers
24/7 Customer Service TradeSmart vs Fyers - 24x7 customer support No No
Email Support TradeSmart vs Fyers - Email Support Yes Yes
Onine Live Chat TradeSmart vs Fyers - Onine Live Chat Yes No
Phone Support TradeSmart vs Fyers - Phone Support Yes Yes
Toll Free Number TradeSmart vs Fyers - Toll Free Number No No
Through Branches TradeSmart vs Fyers - Through Branches No No
Customer Care Number TradeSmart vs Fyers - Customer Care Number 022 61208000 08060001111
Account Opening Process TradeSmart vs Fyers - Account Opening Process Online/Paperless 100% online and paperless proc
Customer Support Email TradeSmart vs Fyers - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradeSmart vs Fyers - Knowledge Center/Education https://help.tradesmartonline.in/ https://fyers.in/school-of-stocks/
Head Office Address TradeSmart vs Fyers - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Fyers Securities,
No. 19 & 20,
3rd Main, Gandhinagar,
Bangalore - 560009
Website TradeSmart vs Fyers - Company Website https://tradesmartonline.in/ https://fyers.in/
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Tips/Research/Reports Published

Compare TradeSmart vs Fyers on Research Reports, Tips

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

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

Compare TradeSmart vs Fyers on Demat Account

Compare TradeSmart with Fyers 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 Fyers is Free where for TradeSmart is ₹300 pa. Fyers 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 TradeSmart is ₹25 where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.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 TradeSmart with Fyers
  TradeSmart Fyers
DP Source CDSL CDSL
DP ID TradeSmart vs Fyers - DP ID 30400 432-2019
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹7 + ₹5.50 (CDSL Charges) per transaction
Demat ₹500 per certificate (Min ₹500 per request) ₹0
Remat ₹500 per certificate (Min ₹500 per request) ₹0
Pledge Creation ₹200 per script
₹50 for trading margin each side
Nil
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹200 per script Nil
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹200 per script Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Stamp Charges ₹50,
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Fyers on Special Offers and Promotion

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

Compare TradeSmart vs Fyers on Special Offers and Promotion
  TradeSmart Fyers
Pay In and Pay Out Options TradeSmart vs Fyers - Pay In and Pay Out Options 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.
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Fyers Mobile, Fyers One and Fyers Web.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time TradeSmart vs Fyers - Payout Time Up to 24 Hrs except Bank Holidays. Up to 24 Hrs except for Bank Holidays.
Bank Supported and Charges TradeSmart vs Fyers - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. 24+ banks connected via payment gateway, Free pay in and Free Pay Out.
Bank Detail 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
Fyers Securities,
Account Number:00090340002376
Bank and Branch: HDFC Bank,Kasturba Road, Bangalore
Account Type: Current Account
IFSC Code: HDFC0000009
Likes

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...

  • Trade on BSE, NSE, and MCX
  • Free stocks and mutual funds investment
  • Rs 20 fixed brokerage on all segments
  • Invest in IPOs, OFS, SGBs, G-secs, and T-bills
  • Cheapest Rs 50/order brokerage on NRI trading
  • User-friendly mobile app and website for investors
  • Fyers Next and Fyers One high-speed trading terminal for traders
  • Fyers Thematic Investing: Invest in expert curated basket of stocks.
  • Start Algo trading Access with Fyers API for free
  • Bracket order, cover order, GTT, AMO, basket order
  • Fyers School of Stocks, a free stock market learning platform.
  • Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc.

Detail Review...

Dislikes

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...

  • No unlimited zero brokerage monthly plans
  • No 3-in-1 account offering
  • No mutual fund investment app
  • Research reports are not offered free

Detail Review...

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

Last Updated on 2023-09-01T03:17:59+00:00