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TradeSmart Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI. TradeSmart offers investmenet in Equity, F&O, Currency and Commodities, where Paytm Money offers investment in Equity, F&O and Currency only. The brokerage of TradeSmart Max Rs 15 per trade while the brokerage of Paytm Money 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 Paytm Money is 8,02,146 where number of active customer for TradeSmart is 29,081. Paytm Money is serving more customer compare to TradeSmart.

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

  TradeSmart Compare
TradeSmart
Paytm Money Compare
Paytm Money
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 29,081 8,02,146
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. In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & ...Know more about Paytm Money
Broker Enquiry Request call back from Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

Compare TradeSmart vs Paytm Money on Trading & Demat Account Opening Charges

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

Trading & Demat Account Opening Charges - Compare TradeSmart with Paytm Money
Charges TradeSmart Paytm Money
Trading Account Opening Fees Rs 200 Free
Trading AMC Free Rs 30 per month (Platform fees)
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 Paytm Money on Plan Options

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

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

Account Opening

  Zerodha Paytm Money
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs Paytm Money 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.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

Brokerage Charges - Compare TradeSmart with Paytm Money
Brokerage Charges Compare TradeSmart Paytm Money
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Flat Brokerage Plan
Equity Delivery Flat Fee Rs 15 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 15 0.05% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 15 0.02% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 NA
Currency Options Flat Fee Rs 15 NA
Commodity Trading Flat Fee Rs 15 NA
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding No Info Not Available
Call & Trade Charges Rs 20 per executed Order Rs 100/order +GST
Auto Square off Charges Rs 20 per executed Order Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare TradeSmart vs Paytm Money on Transaction Charges

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

Transaction Charges - Compare TradeSmart with Paytm Money
Transaction Charges Compare TradeSmart Paytm Money
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 paytm-money
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Account Features

Compare TradeSmart vs Paytm Money on Account Features

Compare TradeSmart with Paytm Money 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 - TradeSmart offers Algo Trading where Paytm Money doesn't offers Algo Trading. Margin Funding - Both broker dont have a margin funding facility. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - TradeSmart with Paytm Money
Account Features Compare TradeSmart Paytm Money
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 No
SMS Alerts No No
Online Demo Yes No
Online Portfolio No Yes
Margin Trading Funding Available No No
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare TradeSmart vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart and Paytm Money. 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 Paytm Money
Trading Platform Compare TradeSmart Paytm Money
Desktop Trading Platform NEST Trader & Fox Trader Paytm Money
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://sine.tradesmartonline.in/userMaster/login Paytm Money Web
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sine Paytm Money App
Mobile Trading App Demo Sine Demo Paytm Money App Demo
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sine Download iOS Paytm Money App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for TradeSmart Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare TradeSmart vs Paytm Money on User Rating

  TradeSmart Paytm Money
  34 Customer Reviews    Rate TradeSmart 6 Customer Reviews    Rate Paytm Money
Fees Ratings 3.9 3.2
Trading Brokerage Rating 4.4 3.8
Trading Platform Usability 3.7 3.2
Customer Service Ratings 4.0 2.7
Overall Ratings 4.0 3.0
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Paytm Money is Rated 3.0 / 5 based on 6 customer reviews
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Investment Offerings

Compare TradeSmart vs Paytm Money on Investment Offerings

Compare TradeSmart with Paytm Money 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 Paytm Money doesn't offer. Online Mutual Fund Investment - Paytm Money 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 Paytm Money
Investment Offerings Compare TradeSmart Paytm Money
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application No Yes
Mutual Funds No Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare TradeSmart vs Paytm Money on Order Types

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

Order Types - Compare TradeSmart with Paytm Money
Order Type Compare TradeSmart Paytm Money
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 Paytm Money on Customer Service

Compare TradeSmart with Paytm Money 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 Paytm Money
Customer Service Compare TradeSmart Paytm Money
24/7 Customer Service TradeSmart vs Paytm Money - 24x7 customer support No No
Email Support TradeSmart vs Paytm Money - Email Support Yes Yes
Onine Live Chat TradeSmart vs Paytm Money - Onine Live Chat Yes No
Phone Support TradeSmart vs Paytm Money - Phone Support Yes No
Toll Free Number TradeSmart vs Paytm Money - Toll Free Number No No
Through Branches TradeSmart vs Paytm Money - Through Branches No No
Customer Care Number TradeSmart vs Paytm Money - Customer Care Number 022 61208000 Info Not Available
Account Opening Process TradeSmart vs Paytm Money - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email TradeSmart vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradeSmart vs Paytm Money - Knowledge Center/Education https://help.tradesmartonline.in/ https://www.paytmmoney.com/care
Head Office Address TradeSmart vs Paytm Money - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website TradeSmart vs Paytm Money - Company Website https://tradesmartonline.in/ https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare TradeSmart vs Paytm Money on Research Reports, Tips

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

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

Compare TradeSmart vs Paytm Money on Demat Account

Compare TradeSmart with Paytm Money 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 Paytm Money is Zero where for TradeSmart is ₹300 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 TradeSmart is ₹25 where for Paytm Money is ₹10 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 Paytm Money
  TradeSmart Paytm Money
DP Source CDSL CDSL
DP ID TradeSmart vs Paytm Money - DP ID 30400 12088800
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Zero
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹10 per ISIN
Demat ₹500 per certificate (Min ₹500 per request) ₹250 per 100 shares
Remat ₹500 per certificate (Min ₹500 per request) ₹250 per 100 shares
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹32 per ISIN
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹200 per script ₹32 per ISIN
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹200 per script ₹32 per ISIN
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Paytm Money on Special Offers and Promotion

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

Compare TradeSmart vs Paytm Money on Special Offers and Promotion
  TradeSmart Paytm Money
Pay In and Pay Out Options TradeSmart vs Paytm Money - 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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time TradeSmart vs Paytm Money - Payout Time Up to 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges TradeSmart vs Paytm Money - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Paytm Money allows 190+ Banks.
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
Info Not Available
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...

  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

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 commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

Detail Review...

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

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