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TradeSmart Vs ProStocks: Which one is better?

Both the brokers are registered with SEBI. TradeSmart offers investmenet in Equity, F&O, Currency and Commodities, where ProStocks offers investment in Equity, F&O and Currency only. The brokerage of TradeSmart Max Rs 15 per trade while the brokerage of ProStocks 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 TradeSmart is 29,627 where number of active customer for ProStocks is 6,589. TradeSmart is serving more customer compare to ProStocks.

Here we present side-by-side comparison of TradeSmart vs ProStocks 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 ProStocks'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 ProStocks 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 ProStocks'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 ProStocks on Service

  TradeSmart Compare
TradeSmart
ProStocks Compare
ProStocks
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 NSE, BSE
Active Clients 29,627 6,589
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. Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an...Know more about ProStocks
Broker Enquiry Request call back from Zerodha Request call back from ProStocks
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Account Opening Charges and AMC

Compare TradeSmart vs ProStocks on Trading & Demat Account Opening Charges

Comparison of TradeSmart with ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - ProStocks offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - TradeSmart charges Rs 300 PA AMC for Demat account where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradeSmart with ProStocks
Charges TradeSmart ProStocks
Trading Account Opening Fees Rs 200 Free
Trading AMC Free Free
Demat Account Opening Fees Rs 200 Free
Demat AMC Rs 300 PA Rs 0 (Rs 1000 Refundable Deposit)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare TradeSmart vs ProStocks on Plan Options

Plans are the most important feature you look when compare TradeSmart with ProStocks. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - ProStocks provides Monthly Plans where TradeSmart doesn't offer

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

Account Opening

  Zerodha ProStocks
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs ProStocks 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.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

Brokerage Charges - Compare TradeSmart with ProStocks
Brokerage Charges Compare TradeSmart ProStocks
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Flat Fee Rs 15 Trading Plan
Equity Delivery Flat Fee Rs 15 Free
Equity Intraday Flat Fee Rs 15 Flat Fee Rs 15
Equity Futures Flat Fee Rs 15 Flat Fee Rs 15
Equity Options Flat Fee Rs 15 Flat Fee Rs 15
Currency Futures Flat Fee Rs 15 Flat Fee Rs 15
Currency Options Flat Fee Rs 15 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 15 NA
Minimum Brokerage NIL NA
Hidden Charges No No
Funding No No
Call & Trade Charges Rs 20 per executed Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Auto Square off Charges Rs 20 per executed Order Delivery Rs 25, Intraday and F&O Rs 10 per executed order
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for ProStocks
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Share Broker's Transaction Charges

Compare TradeSmart vs ProStocks on Transaction Charges

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

Transaction Charges - Compare TradeSmart with ProStocks
Transaction Charges Compare TradeSmart ProStocks
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 prostocks
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Account Features

Compare TradeSmart vs ProStocks on Account Features

Compare TradeSmart with ProStocks 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 - ProStocks offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - TradeSmart with ProStocks
Account Features Compare TradeSmart ProStocks
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 Yes
Online Demo Yes Yes
Online Portfolio No No
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare TradeSmart vs ProStocks on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart and ProStocks. 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 ProStocks
Trading Platform Compare TradeSmart ProStocks
Desktop Trading Platform NEST Trader & Fox Trader Star ProStocks
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://sine.tradesmartonline.in/userMaster/login https://www.prostocksweb.com/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sine Star ProStocks
Mobile Trading App Demo Sine Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod Star ProStocks Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sine Download iOS Star ProStocks 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 ProStocks
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for ProStocks
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for ProStocks
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for prostocks

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Broker Ratings by Users

Compare TradeSmart vs ProStocks on User Rating

  TradeSmart ProStocks
  34 Customer Reviews    Rate TradeSmart 4 Customer Reviews    Rate ProStocks
Fees Ratings 3.9 4.5
Trading Brokerage Rating 4.4 4.5
Trading Platform Usability 3.7 4.5
Customer Service Ratings 4.0 4.0
Overall Ratings 4.0 4.5
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews ProStocks is Rated 4.5 / 5 based on 4 customer reviews
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Investment Offerings

Compare TradeSmart vs ProStocks on Investment Offerings

Compare TradeSmart with ProStocks 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 - TradeSmart offers trading options in Commodity (MCX) where ProStocks doesn't offer. Online Mutual Fund Investment - Both broker don't offer online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

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

Compare TradeSmart vs ProStocks on Order Types

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

Order Types - Compare TradeSmart with ProStocks
Order Type Compare TradeSmart ProStocks
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 ProStocks on Customer Service

Compare TradeSmart with ProStocks 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 ProStocks
Customer Service Compare TradeSmart ProStocks
24/7 Customer Service TradeSmart vs ProStocks - 24x7 customer support No No
Email Support TradeSmart vs ProStocks - Email Support Yes Yes
Onine Live Chat TradeSmart vs ProStocks - Onine Live Chat Yes No
Phone Support TradeSmart vs ProStocks - Phone Support Yes Yes
Toll Free Number TradeSmart vs ProStocks - Toll Free Number No No
Through Branches TradeSmart vs ProStocks - Through Branches No No
Customer Care Number TradeSmart vs ProStocks - Customer Care Number 022 61208000 +91-2262-434343
Account Opening Process TradeSmart vs ProStocks - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email TradeSmart vs ProStocks - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradeSmart vs ProStocks - Knowledge Center/Education https://help.tradesmartonline.in/ https://www.prostocks.com/faq.html
Head Office Address TradeSmart vs ProStocks - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063
Website TradeSmart vs ProStocks - Company Website https://tradesmartonline.in/ https://www.prostocks.com
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Tips/Research/Reports Published

Compare TradeSmart vs ProStocks on Research Reports, Tips

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

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

Compare TradeSmart vs ProStocks on Demat Account

Compare TradeSmart with ProStocks 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 ProStocks is Free (₹1000 Refundable Deposit) where for TradeSmart is ₹300 pa. ProStocks 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 ProStocks is ₹20 per ISIN.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 ProStocks
  TradeSmart ProStocks
DP Source CDSL CDSL
DP ID TradeSmart vs ProStocks - DP ID 30400 83200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free (₹1000 Refundable Deposit)
Advance Deposit NIL 1000/- Refundable Deposit against charges
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹20 per ISIN
Demat ₹500 per certificate (Min ₹500 per request) ₹50 per set up + ₹50 courier charges
Remat ₹500 per certificate (Min ₹500 per request) ₹50 per set up + ₹50 courier charges
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹200 per script ₹50
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹200 per script ₹50
Failed Instruction Charges Nil ₹50 per transaction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs ProStocks on Special Offers and Promotion

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

Compare TradeSmart vs ProStocks on Special Offers and Promotion
  TradeSmart ProStocks
Pay In and Pay Out Options TradeSmart vs ProStocks - 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 Prostocks Mobile, Prostocks Desktop and Prostocks Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time TradeSmart vs ProStocks - Payout Time Up to 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges TradeSmart vs ProStocks - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms.
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
SUNLIGHT BROKING LLP,
Account Number:00600340080912
Bank and Branch: HDFC BANK, FORT
Account Type: Current Account
IFSC Code: HDFC0000060
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...

  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

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...

  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time. ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit.
Enquiry Open Zerodha Account Now>> Open ProStocks Account Now>>

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