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HDFC Sky 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 HDFC Sky Max Rs 20 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 HDFC Sky is 10,88,561 where number of active customer for TradeSmart is 29,627. HDFC Sky is serving more customer compare to TradeSmart.

Here we present side-by-side comparison of HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky vs TradeSmart on Service

  HDFC Sky Compare
HDFC Sky
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? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 10,88,561 29,627
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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 HDFC Sky vs TradeSmart on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with TradeSmart
Charges HDFC Sky TradeSmart
Trading Account Opening Fees Free Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 240 PA (Free for 1st year) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs TradeSmart on Plan Options

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

Compare HDFC Sky with TradeSmart on Plan Options
Plan Types HDFC Sky 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 HDFC Sky vs TradeSmart on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

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 HDFC Sky with TradeSmart
Brokerage Charges Compare HDFC Sky TradeSmart
Plan Name Fixed pricing model Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.1% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Intraday 0.1% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 15
Currency Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 15
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 12% interest PA No
Call & Trade Charges Rs 20 per call Rs 20 per executed Order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare HDFC Sky vs TradeSmart on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with TradeSmart
Transaction Charges Compare HDFC Sky 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 NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for trade-smart-online
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Account Features

Compare HDFC Sky vs TradeSmart on Account Features

Compare HDFC Sky with TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 account where TradeSmart offers only 2-in-1 account which includes trading and demat account. Algo Trading - TradeSmart offers Algo Trading where HDFC Sky doesn't offers Algo Trading. Margin Funding - HDFC Sky offers a margin funding where TradeSmart doesn't offers margin funding. NRI Trading - HDFC Sky offers NRI where TradeSmart doesn't offers NRI Trading.

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

Compare HDFC Sky vs TradeSmart on Trading Platform

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

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Broker Ratings by Users

Compare HDFC Sky vs TradeSmart on User Rating

  HDFC Sky TradeSmart
  97 Customer Reviews    Rate HDFC Sky 34 Customer Reviews    Rate TradeSmart
Fees Ratings 2.4 3.9
Trading Brokerage Rating 2.1 4.4
Trading Platform Usability 2.9 3.7
Customer Service Ratings 2.8 4.0
Overall Ratings 2.4 4.0
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare HDFC Sky vs TradeSmart on Investment Offerings

Compare HDFC Sky 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 - HDFC Sky 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 HDFC Sky with TradeSmart
Investment Offerings Compare HDFC Sky 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 Yes No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs TradeSmart on Order Types

Order Type - Compare HDFC Sky 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)- TradeSmart offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where TradeSmart doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare HDFC Sky with TradeSmart
Order Type Compare HDFC Sky 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 No Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare HDFC Sky vs TradeSmart on Customer Service

Compare HDFC Sky 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 HDFC Sky with TradeSmart
Customer Service Compare HDFC Sky TradeSmart
24/7 Customer Service HDFC Sky vs TradeSmart - 24x7 customer support No No
Email Support HDFC Sky vs TradeSmart - Email Support Yes Yes
Onine Live Chat HDFC Sky vs TradeSmart - Onine Live Chat No Yes
Phone Support HDFC Sky vs TradeSmart - Phone Support Yes Yes
Toll Free Number HDFC Sky vs TradeSmart - Toll Free Number No No
Through Branches HDFC Sky vs TradeSmart - Through Branches Yes No
Customer Care Number HDFC Sky vs TradeSmart - Customer Care Number 1800 121 2109 022 61208000
Account Opening Process HDFC Sky vs TradeSmart - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs TradeSmart - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs TradeSmart - Knowledge Center/Education https://hdfcsky.com/learn https://help.tradesmartonline.in/
Head Office Address HDFC Sky vs TradeSmart - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website HDFC Sky vs TradeSmart - Company Website https://hdfcsky.com/ https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare HDFC Sky vs TradeSmart on Research Reports, Tips

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

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

Compare HDFC Sky vs TradeSmart on Demat Account

Compare HDFC Sky 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 TradeSmart is ₹300 pa where for HDFC Sky is ₹750 pa.

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 HDFC Sky is 0.04% (Min ₹20) + CDSL charges 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 HDFC Sky with TradeSmart
  HDFC Sky TradeSmart
DP Source CDSL CDSL
DP ID HDFC Sky vs TradeSmart - DP ID CDSL: 1209 30400
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹300 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹25
Demat ₹5 per certificate + ₹35 request charges ₹500 per certificate (Min ₹500 per request)
Remat ₹30 ₹500 per certificate (Min ₹500 per request)
Pledge Creation Nil ₹200 per script
₹50 for trading margin each side
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil ₹200 per script
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹200 per script
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs TradeSmart on Special Offers and Promotion

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

Compare HDFC Sky vs TradeSmart on Special Offers and Promotion
  HDFC Sky TradeSmart
Pay In and Pay Out Options HDFC Sky vs TradeSmart - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
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 SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time HDFC Sky vs TradeSmart - Payout Time Instant to HDFC Bank. Up to 24 Hrs except Bank Holidays.
Bank Supported and Charges HDFC Sky vs TradeSmart - Bank Supported and Charges Info Not Available Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms.
Bank Detail Direct from your HDFC bank account. 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

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden 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
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00