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TradeSmart Vs Groww: Which one is better?

Both the brokers are registered with SEBI. TradeSmart offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of TradeSmart Max Rs 15 per trade while the brokerage of Groww 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 Groww is 84,20,803 where number of active customer for TradeSmart is 29,729. Groww is serving more customer compare to TradeSmart.

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

  TradeSmart Compare
TradeSmart
Groww Compare
Groww
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 29,729 84,20,803
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. Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare TradeSmart vs Groww on Trading & Demat Account Opening Charges

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

Trading & Demat Account Opening Charges - Compare TradeSmart with Groww
Charges TradeSmart Groww
Trading Account Opening Fees Rs 200 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 Groww on Plan Options

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

Compare TradeSmart with Groww on Plan Options
Plan Types TradeSmart Groww
Multiple Plans Yes No
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 TradeSmart vs Groww 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.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare TradeSmart with Groww
Brokerage Charges Compare TradeSmart Groww
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Flat Brokerage Plan
Equity Delivery Flat Fee Rs 15 0.05% 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 Flat Fee Rs 20
Equity Options Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 Not Available
Currency Options Flat Fee Rs 15 Not Available
Commodity Trading Flat Fee Rs 15 Not Available
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 Per Executable Order
Auto Square off Charges Rs 20 per executed Order Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare TradeSmart vs Groww on Transaction Charges

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

Transaction Charges - Compare TradeSmart with Groww
Transaction Charges Compare TradeSmart Groww
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 groww
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Account Features

Compare TradeSmart vs Groww on Account Features

Compare TradeSmart with Groww 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 Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where TradeSmart doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - TradeSmart with Groww
Account Features Compare TradeSmart Groww
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 Yes
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 Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart and Groww. 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 Groww
Trading Platform Compare TradeSmart Groww
Desktop Trading Platform NEST Trader & Fox Trader Groww App
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 Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sine Groww App
Mobile Trading App Demo Sine Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sine Download iOS Groww App 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 Groww
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare TradeSmart vs Groww on User Rating

  TradeSmart Groww
  34 Customer Reviews    Rate TradeSmart 7 Customer Reviews    Rate Groww
Fees Ratings 3.9 4.4
Trading Brokerage Rating 4.4 3.7
Trading Platform Usability 3.7 4.1
Customer Service Ratings 4.0 3.3
Overall Ratings 4.0 4.1
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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Investment Offerings

Compare TradeSmart vs Groww on Investment Offerings

Compare TradeSmart with Groww 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 Groww doesn't offer. Online Mutual Fund Investment - Groww 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 Groww
Investment Offerings Compare TradeSmart Groww
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 No
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare TradeSmart vs Groww on Order Types

Order Type - Compare TradeSmart with Groww 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) - TradeSmart provide Cover Orders (CO) where Groww doesn't offer.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) - TradeSmart provide Bracket Orders (BO) where Groww 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)- TradeSmart offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare TradeSmart with Groww
Order Type Compare TradeSmart Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare TradeSmart vs Groww on Customer Service

Compare TradeSmart with Groww 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 Groww
Customer Service Compare TradeSmart Groww
24/7 Customer Service TradeSmart vs Groww - 24x7 customer support No No
Email Support TradeSmart vs Groww - Email Support Yes Yes
Onine Live Chat TradeSmart vs Groww - Onine Live Chat Yes Yes
Phone Support TradeSmart vs Groww - Phone Support Yes Yes
Toll Free Number TradeSmart vs Groww - Toll Free Number No No
Through Branches TradeSmart vs Groww - Through Branches No No
Customer Care Number TradeSmart vs Groww - Customer Care Number 022 61208000 9108800604
Account Opening Process TradeSmart vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email TradeSmart vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradeSmart vs Groww - Knowledge Center/Education https://help.tradesmartonline.in/ https://groww.in/academy
Head Office Address TradeSmart vs Groww - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website TradeSmart vs Groww - Company Website https://tradesmartonline.in/ https://groww.in/
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Tips/Research/Reports Published

Compare TradeSmart vs Groww on Research Reports, Tips

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

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

Compare TradeSmart vs Groww on Demat Account

Compare TradeSmart with Groww 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 Groww 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 Groww is ₹8 + ₹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 Groww
  TradeSmart Groww
DP Source CDSL CDSL
DP ID TradeSmart vs Groww - DP ID 30400 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Zero
Advance Deposit NIL Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) ₹25 ₹8 + ₹5.50 CDSL charges
Demat ₹500 per certificate (Min ₹500 per request) ₹150 per certificate + courier charges
Remat ₹500 per certificate (Min ₹500 per request) ₹150 per certificate + courier charges
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹200 per script ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹200 per script ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Groww on Special Offers and Promotion

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

Compare TradeSmart vs Groww on Special Offers and Promotion
  TradeSmart Groww
Pay In and Pay Out Options TradeSmart vs Groww - 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 from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time TradeSmart vs Groww - Payout Time Up to 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges TradeSmart vs Groww - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
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...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

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...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

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 2023-09-01T03:17:59+00:00