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ICICIDirect 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 ICICIDirect Max Rs. 20 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. Number of active customer for ICICIDirect is 18,75,186 where number of active customer for TradeSmart is 29,729. ICICIDirect is serving more customer compare to TradeSmart.

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.

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
  • 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 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? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 18,75,186 29,729
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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 ICICIDirect vs TradeSmart on Trading & Demat Account Opening Charges

Comparison of 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 opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum 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 300 per annum 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 compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly 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

  Zerodha Zerodha
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Brokerage Charges

Compare ICICIDirect vs TradeSmart on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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 NEO Flat Discount Brokerage Plan Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.55% Flat Fee Rs 15
Equity Intraday Flat Rs. 20 per order Flat Fee Rs 15
Equity Futures Free (Rs. 0 brokerage) Flat Fee Rs 15
Equity Options Flat Rs. 20 per order Flat Fee Rs 15
Currency Futures Flat Rs. 20 per order Flat Fee Rs 15
Currency Options Flat Rs. 20 per order Flat Fee Rs 15
Commodity Trading Flat Rs. 20 per order 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
Auto Square off 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
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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 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 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 a 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 links 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
  267 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 2.9 4.0
Overall Ratings 2.5 4.0
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 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 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 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 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) - 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 facilities. The orders are sent 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 order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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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 compares types of service offered by each broker for a quick resolution for query/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 1860 123 1122 022 61208000
Account Opening Process ICICIDirect vs TradeSmart - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs TradeSmart - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs TradeSmart - Knowledge Center/Education https://www.icicidirect.com/knowledge-center 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 the 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. 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 ICICIDirect is ₹700 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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (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 ICICIDirect with TradeSmart
  ICICIDirect TradeSmart
DP Source CDSL CDSL
DP ID ICICIDirect vs TradeSmart - DP ID 14300 30400
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹300 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹25
Demat ₹50 per set up ₹500 per certificate (Min ₹500 per request)
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹500 per certificate (Min ₹500 per request)
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) ₹200 per script
₹50 for trading margin each side
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) ₹200 per script
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) Nil
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) ₹200 per script
Failed Instruction Charges ₹30 per transaction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs TradeSmart on Special Offers and Promotion

Compare ICICIDirect with TradeSmart on the general features, advantages, disadvantages, payout 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 Instant 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
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

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
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

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 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 Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:34:26+00:00