Compare 3 Brokers

TradeSmart Vs Fyers: Which one is better?

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.

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.

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 NSE
Broker Overview 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. Fyers Securities is the fresh breeze in the online discount brokerage industry that differentiates themselves from others in line by taking one step ahead by introducing thematic investing, advisory and recommendation services for smart investment.
Broker Enquiry Open an Online Trading Account with TradeSmart. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Fyers. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare TradeSmart vs Fyers on Trading & Demat Account Opening Charges

In this section we have compared 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 opeing. Demat AMC charges - TradeSmart charges Rs 300 PA AMC for Demat account where Fyers charges Rs 400 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 Rs 400 PA
Provide DP Service Yes No
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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 copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart provide Multiple Plans where Fyers doesn't offer Monthlay 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

  TradeSmart 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 0.01% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 15 0.01% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 0.01% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 15 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 15 NA
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding No No
Call & Trade Charges Rs 20 per executed Order Rs 20 Per Order
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Fyers
SPAN Margin Calculator SPAN Margin Calculator for TradeSmart SPAN Margin 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 Rs 350 Per Cr Rs 325 Per Cr
Equity Intraday Rs 350 Per Cr Rs 325 Per Cr
Equity Futures Rs 240 Per Cr Rs 240 Per Cr
Equity Options Rs 7150 Per Cr Rs 5900 Per Cr
Currency Futures Rs 165 Per Cr Rs 175 Per Cr
Currency Options Rs 6000 Per Cr Rs 6500 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 tradig/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - both brokers dont have margin funing 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 No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No No
Other Features NIL Free Call & trade
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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 link 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 http://webtrader.fyers.in/userMaster/login
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App Sine Fyers Markets
Mobile Trading App Demo Sine Demo Fyers Markets Demo
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod Fyers Markets Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sine Download iOS Fyers Markets 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 5 Customer Reviews    Rate Fyers
Fees Ratings 3.9 3.4
Trading Brokerage Rating 4.4 3.8
Trading Platform Usability 3.7 4.2
Customer Service Ratings 4.0 4.0
Overall Ratings Rated 4.0 stars Rated 3.8 stars
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Fyers is Rated 3.8 / 5 based on 5 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 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 Fyers doesn't offer. 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 No
Online IPO Application No No
Mutual Funds No Yes
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 Fyers on Order Types

Order Type - Compare TradeSmart with Fyers 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) - both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. 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- 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 Ordre Yes Yes
MIS Ordre Yes Yes
NRML Ordre Yes Yes
Cover Ordre Yes Yes
Bracket Ordre Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Margin/Leverage

Compare TradeSmart vs Fyers on Margin/Leverage

Comapre TradeSmart with Fyers 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 TradeSmart with Fyers
Margin Product Compare TradeSmart Fyers
Equity Delivery Margin TradeSmart vs Fyers - Equity Delivery Margin Up to 1x Margin on Equity Delivery. No Margin/Leverage for Equity delivery.
Equity Intraday Margin TradeSmart vs Fyers - Equity Intraday Margin Up to 10x leverage for equity intraday. Up to 16x leverage for equity.
Futures Margin TradeSmart vs Fyers - Futures Margin Up to 3x leverage for equity futures intraday (MIS). Up to 4x leverage for equity futures.
Options Margin TradeSmart vs Fyers - Options Margin Up to 3x for Index options selling, no leverage on options buying. Up to 4x for options selling and 1.3x for options buying.
Equity CO Margin TradeSmart vs Fyers - Equity CO Margin Up to 30x leverage for equity CO. Up to 20x leverage for equity cover order.
Futures CO Margin TradeSmart vs Fyers - Futures CO Margin Up to 7x leverage on equity/Index futures CO. Up to 33x leverage for future cover order.
Options CO Margin TradeSmart vs Fyers - Options CO Margin Up to 7x leverage on options selling and 1.33x for options buying via CO. Up to 33x leverage for options cover order.
Commodity Margin TradeSmart vs Fyers - Commodity Margin Up to 2x on commodity MIS, and up to 6x for CO. Info Not Available
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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 compare type of service offered by each broker for quick resoluation for queries/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 61208000/42878000 080 4625 1111
Account Opening Process TradeSmart vs Fyers - Account Opening Process Online/Paperless Online/Paperless
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/faqs/
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 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. This section cover 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 Info Not Available
Demat Account Annual Maintenance Charges(AMC) Rs 300(Individual), Rs.800 (Corporate) 400 - Individual, 500 - Non Individual
Advance Deposit NIL NIL
Statutory charges At Actual NIL
Transaction Charges on Debit (Per ISIN) Rs. 25 minimum or 0.02% which ever is higher.In case of BSDA Rs.50 or 0.02% whichever is higher. Flat Rs 20 + 5.5 (CDSL charges)[On and Off Market Orders]
Demat Rs. 500 per certificate per market lot of 100 shares or less and minimum Rs. 500 per request. 2 per certificate + Rs.35 courier charges
Remat Rs. 500 per certificate per market lot of 100 shares or less and minimum Rs. 500 per request. Rs 25
Pledge Creation Rs. 200 per scrip 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Creation Confirmation Nil 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Closure Rs. 200 per scrip 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Closure Confirmation Nil 0.05% of the transaction value subject to a minimum of Rs 50 and a maximum of Rs 250
Pledge Invocation Rs. 200 minimum or 0.01% which ever is higher 0.02% of the transaction value subject to a minimum of Rs 50 + depository charges at actually
Failed Instruction Charges Nil Rs 30 per transaction
Other Charges Late instruction .1% scrip value, For requisitioning physical transaction statement Rs. 50 per BO statement plus courier charges Cheque Bounce- Rs. 350/- Physical Statement - Rs. 50/- (Courier charges) Modification in CML - Rs. 50/- per request

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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Fyers on Special Offers and Promotion

Compare TradeSmart with Fyers on general features, advantages, disadvantages, pay out 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. Upto 24 Hrs except 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. 21+ bank connected via payment gatway, Rs 10 fee for per transaction.
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
  • 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...

  1. Investment in mutual funds and advice on investment.
  2. Fyers trading and demat account opening is free and no minimum balance is required to open the account.
  3. In house and unique portfolio investment for new entrants in market called thematic investing at Rs 100 per theme.
  4. Detail Review...

Dislikes
  • 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...

  1. Trading can be done on NSE only.
  2. No own DP service,they have tie-up with IL&FS for demat services.
  3. Automated trading, bracket and cover orders are not available.
  4. DP charges on selling is higher compared to other discount brokers.

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time. Get FREE Trading for Limited Time + FREE Equity Delivery Trades (No Brokerage) + Rs 20 Max Trade in all other segments.
Enquiry Enquire about TradeSmart Enquire about Fyers

Last Updated on 2019-07-18T04:15:40+00:00







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