Compare 3 Brokers

ICICIDirect Vs TradeSmart: Which one is better?

The brokerage of ICICIDirect Max 0.05 to .55% per trade while the brokerage of TradeSmart ranges between Rs 15. ICICIDirect is a Full Service Broker where TradeSmart is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5.

Here we present side-by-side comparison of ICICIDirect 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 ICICIDirect 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.

Compare ICICIDirect vs TradeSmart on Service

  ICICIDirect Compare
ICICIDirect
TradeSmart Compare
TradeSmart
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE BSE, NSE, MCX, NCDEX
Broker Overview ICICI Direct, pioneering online trading platform of ICICI Securities, charges more than its competitors,but delivers with a fantastic platform and innovative offering and strong customer service. With these attributes, the company earns its No. 1 ove... Know more about ICICIDirect TradeSmart, on the whole, provides clients a well-rounded offering worth being a client for, especially with its mix of brokerage plan choice (flat fee or percentage based), secure & fast trading tools and active customer support.
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with TradeSmart. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare ICICIDirect vs TradeSmart on Trading & Demat Account Opening Charges

In this section we have compared ICICIDirect with TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - ICICIDirect charges Rs 600 PA (Waived for 1st year) AMC for Demat account where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with TradeSmart
Charges ICICIDirect TradeSmart
Trading Account Opening Fees Free Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 600 PA (Waived for 1st year) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs TradeSmart on Plan Options

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

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

Account Opening

  ICICIDirect TradeSmart
Account Opening Request
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Brokerage Charges

Compare ICICIDirect vs TradeSmart on Brokerage Charges

ICICIDirect Brokerage Plan detail - This is an ICICIDirect fixed brokerage plan irrespective of turnover volume best suited for casual traders.

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 ICICIDirect with TradeSmart
Brokerage Charges Compare ICICIDirect TradeSmart
Plan Name I-Secure Trading Plan (Percentage Based) Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.55% or 55 paisa Flat Fee Rs 15
Equity Intraday 0.03% or 3 paisa Flat Fee Rs 15
Equity Futures 0.05% or 5 paisa Flat Fee Rs 15
Equity Options Rs 95 Per Lot Flat Fee Rs 15
Currency Futures 0.05% or 5 paisa Flat Fee Rs 15
Currency Options Rs 25 Per Lot Flat Fee Rs 15
Commodity Trading NA Flat Fee Rs 15
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes No
Funding Yes - 18% interest PA No
Call & Trade Charges First 20 call free and Rs 25 there onwards. Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for TradeSmart
SPAN Margin Calculator SPAN Margin Calculator for ICICIDirect SPAN Margin Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare ICICIDirect vs TradeSmart on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with TradeSmart
Transaction Charges Compare ICICIDirect TradeSmart
Equity Delivery Rs 325 Per Cr Rs 350 Per Cr
Equity Intraday Rs 325 Per Cr Rs 350 Per Cr
Equity Futures Rs 190 Per Cr Rs 240 Per Cr
Equity Options Rs 5000 Per Cr Rs 7150 Per Cr
Currency Futures Rs 100 Per Cr Rs 165 Per Cr
Currency Options Rs 4000 Per Cr Rs 6000 Per Cr
Commodity NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for icicidirect Complete Brokerage Plans for trade-smart-online
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Account Features

Compare ICICIDirect vs TradeSmart on Account Features

Compare ICICIDirect with TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect 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 ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - ICICIDirect offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - ICICIDirect with TradeSmart
Account Features Compare ICICIDirect TradeSmart
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect 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 No Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare ICICIDirect vs TradeSmart on Trading Platform

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

Trading Platform - Compare ICICIDirect with TradeSmart
Trading Platform Compare ICICIDirect TradeSmart
Desktop Trading Platform Trade Racer NEST Trader & Fox Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Web Trading Detail https://www.icicidirect.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 ICICI direct Mobile Sine
Mobile Trading App Demo ICICI direct Mobile Demo Sine Demo
Android Mobile App Yes Yes
Android App Download Andriod ICICI direct Mobile Download Andriod Sine Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ICICI direct Mobile 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 ICICIDirect Equity Intraday and Delivery Brokerage Calculator for TradeSmart
Futures Brokerage Calculator Futures Brokerage Calculator for ICICIDirect Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator Options Brokerage Calculator for ICICIDirect Options Brokerage Calculator for TradeSmart
Detail Detail on Trading Platforms for icicidirect Detail on Trading Platforms for trade-smart-online

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Broker Ratings by Users

Compare ICICIDirect vs TradeSmart on User Rating

  ICICIDirect TradeSmart
  264 Customer Reviews    Rate ICICIDirect 34 Customer Reviews    Rate TradeSmart
Fees Ratings 2.4 3.9
Trading Brokerage Rating 1.8 4.4
Trading Platform Usability 3.3 3.7
Customer Service Ratings 2.8 4.0
Overall Ratings Rated 2.5 stars Rated 4.0 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 264 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare ICICIDirect vs TradeSmart on Investment Offerings

Compare ICICIDirect 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 brokers 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 ICICIDirect doesn't offer. Online Mutual Fund Investment - ICICIDirect offers online mutual fund investment option where TradeSmart doesn't offer. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where TradeSmart doesn't offer

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

Compare ICICIDirect vs TradeSmart on Order Types

Order Type - Compare ICICIDirect with TradeSmart on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle 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) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - TradeSmart provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare 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 higher margin in bracket order as you are limiting your losses. After-market Orders (AMO)- both offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders- ICICIDirect offers Good Till Cancelled (GTC) orders where TradeSmart doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare ICICIDirect with TradeSmart
Order Type Compare ICICIDirect TradeSmart
CNC Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes Yes
Bracket Ordre No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Margin/Leverage

Compare ICICIDirect vs TradeSmart on Margin/Leverage

Comapre ICICIDirect with TradeSmart on Exposure/Margin offered by broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.

Exposure/margin - Compare ICICIDirect with TradeSmart
Margin Product Compare ICICIDirect TradeSmart
Equity Delivery Margin ICICIDirect vs TradeSmart - Equity Delivery Margin No Delivery margin. Up to 1x Margin on Equity Delivery.
Equity Intraday Margin ICICIDirect vs TradeSmart - Equity Intraday Margin Upto 5x leverage for equity. Up to 10x leverage for equity intraday.
Futures Margin ICICIDirect vs TradeSmart - Futures Margin Upto 2x leverage for futures. Up to 3x leverage for equity futures intraday (MIS).
Options Margin ICICIDirect vs TradeSmart - Options Margin Upto 2x margin for Options shorting, No leverage for option buying. Up to 3x for Index options selling, no leverage on options buying.
Equity CO Margin ICICIDirect vs TradeSmart - Equity CO Margin Upto 25x margin/leverage in CO order for selected equity scripts. Up to 30x leverage for equity CO.
Futures CO Margin ICICIDirect vs TradeSmart - Futures CO Margin Upto 25x margin/leverage in CO order for Futures contracts. Up to 7x leverage on equity/Index futures CO.
Options CO Margin ICICIDirect vs TradeSmart - Options CO Margin Upto 25x margin/leverage in CO order for options contracts sell only. Up to 7x leverage on options selling and 1.33x for options buying via CO.
Commodity Margin ICICIDirect vs TradeSmart - Commodity Margin Info Not Available Up to 2x on commodity MIS, and up to 6x for CO.
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Customer Service Offered

Compare ICICIDirect vs TradeSmart on Customer Service

Compare ICICIDirect with TradeSmart on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare ICICIDirect with TradeSmart
Customer Service Compare ICICIDirect TradeSmart
24/7 Customer Service ICICIDirect vs TradeSmart - 24x7 customer support No No
Email Support ICICIDirect vs TradeSmart - Email Support Yes Yes
Onine Live Chat ICICIDirect vs TradeSmart - Onine Live Chat No Yes
Phone Support ICICIDirect vs TradeSmart - Phone Support Yes Yes
Toll Free Number ICICIDirect vs TradeSmart - Toll Free Number No No
Through Branches ICICIDirect vs TradeSmart - Through Branches Yes No
Customer Care Number ICICIDirect vs TradeSmart - Customer Care Number 33551122 022 61208000/42878000
Account Opening Process ICICIDirect vs TradeSmart - Account Opening Process Offline Online/Paperless
Customer Support Email ICICIDirect vs TradeSmart - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs TradeSmart - Knowledge Center/Education http://content.icicidirect.com/indexfaq.asp https://help.tradesmartonline.in/
Head Office Address ICICIDirect vs TradeSmart - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai 400020
Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website ICICIDirect vs TradeSmart - Company Website https://www.icicidirect.com https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare ICICIDirect vs TradeSmart on Research Reports, Tips

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

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

Compare ICICIDirect vs TradeSmart on Demat Account

Compare ICICIDirect with TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare ICICIDirect with TradeSmart
  ICICIDirect TradeSmart
DP Source CDSL CDSL
DP ID ICICIDirect vs TradeSmart - DP ID 14300 30400
Demat Account Annual Maintenance Charges(AMC) Payable yearly in advance ? For Individual account : Rs. 500 p.a. For Corporate a/c : 1500 p.a. Rs 300(Individual), Rs.800 (Corporate)
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NIL
Statutory charges Stamp Duty at actuals At Actual
Transaction Charges on Debit (Per ISIN) For Normal Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/-) For Debt instruments Mkt & Off Mkt sell (0.04% of trans value for each CID)(subj to Min Rs.30/- & Max Rs.500/-) Rs. 25 minimum or 0.02% which ever is higher.In case of BSDA Rs.50 or 0.02% whichever is higher.
Demat Rs.50 /- Per Demat Request Form and Rs.10/- For Each Certificates Rs. 500 per certificate per market lot of 100 shares or less and minimum Rs. 500 per request.
Remat Rs. 30 + CDSL actuals Rs. 500 per certificate per market lot of 100 shares or less and minimum Rs. 500 per request.
Pledge Creation 0.03 % or minimum of Rs. 50/- Rs. 200 per scrip
Pledge Creation Confirmation 0.03 % or minimum of Rs. 50/- Nil
Pledge Closure 0.03 % or minimum of Rs. 50/- Rs. 200 per scrip
Pledge Closure Confirmation 0.03 % or minimum of Rs. 50/- Nil
Pledge Invocation 0.03 % or minimum of Rs. 50/- Rs. 200 minimum or 0.01% which ever is higher
Failed Instruction Charges Rejection/Fails Rs.30/- Nil
Other Charges a) Mailing charges for non periodic statements and other communication , Rs. 50 for inland and Rs. 500.0 for foreign address . b) Rs. 200/- for restoring services if account is suspended for non payment of charges. Late instruction .1% scrip value, For requisitioning physical transaction statement Rs. 50 per BO statement plus courier charges

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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs TradeSmart on Special Offers and Promotion

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

Compare ICICIDirect vs TradeSmart on Special Offers and Promotion
  ICICIDirect TradeSmart
Pay In and Pay Out Options ICICIDirect vs TradeSmart - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI 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 ICICIDirect vs TradeSmart - Payout Time Instance to ICICI Bank. Up to 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect 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 ICICI 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
  • 3-in-1 online trading account.
  • Rich research offering.
  • 24/7 customer service.
  • Easy-to-use website.
  • Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  • Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.

Detail Review...

  • Time saver live-chat service with customers to resolve their queries.
  • Fair trading margins available for trading in currency and commodity.
  • Support “Offer for Sale” (OFS).
  • NEST, one of the proven desktop trading platforms.

Detail Review...

Dislikes
  • Minimum brokerage charges.
  • No commodity trading.
  • High brokerage.
  • Not a good fit for small and penny stock traders.
  • Charges for trading terminal usage.

Detail Review...

  • Lacking in-house research.
  • No online process to invest in IPO, FPO, Buyback.
  • Mutual Funds investment option is not available.
  • The process is not defined for NRI customers.
  • In-house trading platforms are missing.

Detail Review...

Special Offers/Promo Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Enquire about ICICIDirect Enquire about TradeSmart

Last Updated on 2019-07-08T23:24:28+00:00







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