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TradeSmart Vs Upstox: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of TradeSmart Max Rs 15 per trade while the brokerage of Upstox Max Rs 20 per trade. Both the brokers are Discount Brokers. TradeSmart is having overall lower rating compare to Upstox. TradeSmart is rated only 4 out of 5 where Upstox is rated 4.5 out of 5. Number of active customer for Upstox is 24,01,555 where number of active customer for TradeSmart is 29,627. Upstox is serving more customer compare to TradeSmart.

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

  TradeSmart Compare
TradeSmart
Upstox Compare
Upstox
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, MCX
Active Clients 29,627 24,01,555
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. Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.
Broker Enquiry Request call back from Zerodha Request call back from Upstox
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Account Opening Charges and AMC

Compare TradeSmart vs Upstox on Trading & Demat Account Opening Charges

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

Trading & Demat Account Opening Charges - Compare TradeSmart with Upstox
Charges TradeSmart Upstox
Trading Account Opening Fees Rs 200 Promotion offer: Free
Trading AMC Free Free
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 Upstox on Plan Options

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

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

Account Opening

  Zerodha Upstox
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs Upstox 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.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

Brokerage Charges - Compare TradeSmart with Upstox
Brokerage Charges Compare TradeSmart Upstox
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Max Rs 20 Per Order Trading 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 0.05% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 0.05% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 15 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 15 Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding No Info Not Available
Call & Trade Charges Rs 20 per executed Order Rs 50 + 18% GST
Auto Square off Charges Rs 20 per executed Order Rs 50 + 18% GST
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Upstox
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Share Broker's Transaction Charges

Compare TradeSmart vs Upstox on Transaction Charges

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

Transaction Charges - Compare TradeSmart with Upstox
Transaction Charges Compare TradeSmart Upstox
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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for trade-smart-online Complete Brokerage Plans for upstox
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Account Features

Compare TradeSmart vs Upstox on Account Features

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

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

Compare TradeSmart vs Upstox on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart and Upstox. 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 Upstox
Trading Platform Compare TradeSmart Upstox
Desktop Trading Platform NEST Trader & Fox Trader Upstox Pro
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 https://pro.upstox.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sine Upstox
Mobile Trading App Demo Sine Demo Upstox Demo
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod Upstox Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sine Download iOS Upstox 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 Upstox
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Upstox
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Upstox
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for upstox

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Broker Ratings by Users

Compare TradeSmart vs Upstox on User Rating

  TradeSmart Upstox
  34 Customer Reviews    Rate TradeSmart 12 Customer Reviews    Rate Upstox
Fees Ratings 3.9 3.5
Trading Brokerage Rating 4.4 3.8
Trading Platform Usability 3.7 3.7
Customer Service Ratings 4.0 3.5
Overall Ratings 4.0 3.7
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews
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Investment Offerings

Compare TradeSmart vs Upstox on Investment Offerings

Compare TradeSmart with Upstox 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 - Upstox 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 Upstox
Investment Offerings Compare TradeSmart Upstox
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds No Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
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 Upstox on Order Types

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

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

Compare TradeSmart with Upstox 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 Upstox
Customer Service Compare TradeSmart Upstox
24/7 Customer Service TradeSmart vs Upstox - 24x7 customer support No No
Email Support TradeSmart vs Upstox - Email Support Yes Yes
Onine Live Chat TradeSmart vs Upstox - Onine Live Chat Yes Yes
Phone Support TradeSmart vs Upstox - Phone Support Yes Yes
Toll Free Number TradeSmart vs Upstox - Toll Free Number No No
Through Branches TradeSmart vs Upstox - Through Branches No Yes
Customer Care Number TradeSmart vs Upstox - Customer Care Number 022 61208000 +91 22 6130 9999
Account Opening Process TradeSmart vs Upstox - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email TradeSmart vs Upstox - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradeSmart vs Upstox - Knowledge Center/Education https://help.tradesmartonline.in/ https://upstox.com/help-center/
Head Office Address TradeSmart vs Upstox - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Website TradeSmart vs Upstox - Company Website https://tradesmartonline.in/ https://upstox.com/
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Tips/Research/Reports Published

Compare TradeSmart vs Upstox on Research Reports, Tips

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

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

Compare TradeSmart vs Upstox on Demat Account

Compare TradeSmart with Upstox 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 Upstox is ₹300 PA 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 Upstox is ₹13 + ₹5.50 CDSL charges.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 Upstox
  TradeSmart Upstox
DP Source CDSL CDSL
DP ID TradeSmart vs Upstox - DP ID 30400 81800
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹300 PA
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹13 + ₹5.50 CDSL charges
Demat ₹500 per certificate (Min ₹500 per request) ₹20 + ₹50 courier charges
Remat ₹500 per certificate (Min ₹500 per request) ₹100 for every hundred securities or ₹25 per certificate (whichever is higher)
Pledge Creation ₹200 per script
₹50 for trading margin each side
0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Creation Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure ₹200 per script 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Closure Confirmation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges
Pledge Invocation ₹200 per script 0.05% of the transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Upstox on Special Offers and Promotion

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

Compare TradeSmart vs Upstox on Special Offers and Promotion
  TradeSmart Upstox
Pay In and Pay Out Options TradeSmart vs Upstox - 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 funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
Payout Time TradeSmart vs Upstox - Payout Time Up to 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges TradeSmart vs Upstox - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.
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
HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
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...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time. Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Zerodha Account Now>> Open Upstox Account Now>>

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