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IDBI Direct Vs TradeSmart: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where TradeSmart offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of TradeSmart ranges between Rs 15. IDBI Direct is a Full Service Broker where TradeSmart is a Discount Broker. IDBI Direct is having overall lower rating compare to TradeSmart. IDBI Direct is rated only 3.5 out of 5 where TradeSmart is rated 4 out of 5. Number of active customer for IDBI Direct is 54,478 where number of active customer for TradeSmart is 29,729. IDBI Direct is serving more customer compare to TradeSmart.

Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs TradeSmart on Service

  IDBI Direct Compare
IDBI Direct
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 BSE, NSE, MCX, NCDEX
Active Clients 54,478 29,729
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs TradeSmart on Trading & Demat Account Opening Charges

Comparison of IDBI Direct with TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - IDBI Direct offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IDBI Direct with TradeSmart
Charges IDBI Direct TradeSmart
Trading Account Opening Fees Free Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 350 PA [Free for 1st year] Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare IDBI Direct vs TradeSmart on Plan Options

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

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare IDBI Direct vs TradeSmart on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with TradeSmart
Brokerage Charges Compare IDBI Direct TradeSmart
Plan Name Flat Brokerage PLan Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.20% Flat Fee Rs 15
Equity Intraday 0.02% Flat Fee Rs 15
Equity Futures Flat Rs 15 per order Flat Fee Rs 15
Equity Options Flat Rs 15 per order Flat Fee Rs 15
Currency Futures Flat Rs 15 per order Flat Fee Rs 15
Currency Options Flat Rs 15 per order Flat Fee Rs 15
Commodity Trading NA Flat Fee Rs 15
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. NIL
Hidden Charges Info Not Available No
Funding Info Not Available No
Call & Trade Charges Free Rs 20 per executed Order
Auto Square off Charges NA Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for IDBI Direct Brokerage Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare IDBI Direct vs TradeSmart on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with TradeSmart
Transaction Charges Compare IDBI Direct 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 idbicapital Complete Brokerage Plans for trade-smart-online
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Account Features

Compare IDBI Direct vs TradeSmart on Account Features

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

Account Features - IDBI Direct with TradeSmart
Account Features Compare IDBI Direct TradeSmart
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct 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 IDBI Direct vs TradeSmart on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with TradeSmart
Trading Platform Compare IDBI Direct TradeSmart
Desktop Trading Platform Infinity NEST Trader & Fox Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.idbicapital.com/ https://sine.tradesmartonline.in/userMaster/login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Sine
Mobile Trading App Demo Info Not Available Sine Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Sine Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for TradeSmart
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for TradeSmart
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for trade-smart-online

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Broker Ratings by Users

Compare IDBI Direct vs TradeSmart on User Rating

  IDBI Direct TradeSmart
  31 Customer Reviews    Rate IDBI Direct 34 Customer Reviews    Rate TradeSmart
Fees Ratings 3.0 3.9
Trading Brokerage Rating 2.5 4.4
Trading Platform Usability 2.6 3.7
Customer Service Ratings 2.7 4.0
Overall Ratings 2.7 4.0
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare IDBI Direct vs TradeSmart on Investment Offerings

Compare IDBI Direct 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 IDBI Direct doesn't offer. Online Mutual Fund Investment - IDBI Direct 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 IDBI Direct with TradeSmart
Investment Offerings Compare IDBI Direct 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 No No
Other Investment Options NIL NIL
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Order Types

Compare IDBI Direct vs TradeSmart on Order Types

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

Order Types - Compare IDBI Direct with TradeSmart
Order Type Compare IDBI Direct TradeSmart
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 Yes No
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Customer Service Offered

Compare IDBI Direct vs TradeSmart on Customer Service

Compare IDBI Direct 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 IDBI Direct with TradeSmart
Customer Service Compare IDBI Direct TradeSmart
24/7 Customer Service IDBI Direct vs TradeSmart - 24x7 customer support No No
Email Support IDBI Direct vs TradeSmart - Email Support Yes Yes
Onine Live Chat IDBI Direct vs TradeSmart - Onine Live Chat No Yes
Phone Support IDBI Direct vs TradeSmart - Phone Support Yes Yes
Toll Free Number IDBI Direct vs TradeSmart - Toll Free Number Yes No
Through Branches IDBI Direct vs TradeSmart - Through Branches Yes No
Customer Care Number IDBI Direct vs TradeSmart - Customer Care Number 022-3913 5001 022 61208000
Account Opening Process IDBI Direct vs TradeSmart - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs TradeSmart - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs TradeSmart - Knowledge Center/Education Info Not Available https://help.tradesmartonline.in/
Head Office Address IDBI Direct vs TradeSmart - Head Office Address/Corporate Address Info Not Available Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website IDBI Direct vs TradeSmart - Company Website https://www.idbidirect.in/ https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare IDBI Direct vs TradeSmart on Research Reports, Tips

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

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

Compare IDBI Direct vs TradeSmart on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with TradeSmart
  IDBI Direct TradeSmart
DP Source CDSL CDSL
DP ID IDBI Direct vs TradeSmart - DP ID No 30400
Demat Account Annual Maintenance Charges(AMC) ₹350 pa ₹300 pa
Advance Deposit NO NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges ₹25
Demat ₹5 per certificate + ₹30 courier charges ₹500 per certificate (Min ₹500 per request)
Remat ₹20 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹500 per certificate (Min ₹500 per request)
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher ₹200 per script
₹50 for trading margin each side
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher ₹200 per script
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 whichever is higher ₹200 per script
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare IDBI Direct vs TradeSmart on Special Offers and Promotion

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

Compare IDBI Direct vs TradeSmart on Special Offers and Promotion
  IDBI Direct TradeSmart
Pay In and Pay Out Options IDBI Direct vs TradeSmart - Pay In and Pay Out Options Info Not Available 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 IDBI Direct vs TradeSmart - Payout Time Info Not Available Up to 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct 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 Info Not Available 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 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-08-21T03:25:00+00:00