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TradeSmart Vs Marwadi Group: 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 Marwadi Group ranges between 0.06% to 0.30%. TradeSmart is a Discount Broker where Marwadi Group is a Full Service Broker. TradeSmart is having overall higher rating compare to Marwadi Group. TradeSmart is rated 4 out of 5 where Marwadi Group is rated only 3.5 out of 5. Number of active customer for Marwadi Group is 1,23,370 where number of active customer for TradeSmart is 29,729. Marwadi Group is serving more customer compare to TradeSmart.

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

  TradeSmart Compare
TradeSmart
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 29,729 1,23,370
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. Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare TradeSmart vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of TradeSmart with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Marwadi Group offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - TradeSmart charges Rs 300 PA AMC for Demat account where Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradeSmart with Marwadi Group
Charges TradeSmart Marwadi Group
Trading Account Opening Fees Rs 200 Free
Trading AMC Free Free
Demat Account Opening Fees Rs 200 Free
Demat AMC Rs 300 PA Rs 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare TradeSmart vs Marwadi Group on Plan Options

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

Compare TradeSmart with Marwadi Group on Plan Options
Plan Types TradeSmart Marwadi Group
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 Marwadi Group 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.

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare TradeSmart with Marwadi Group
Brokerage Charges Compare TradeSmart Marwadi Group
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Basic Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 15 0.30%
Equity Intraday Flat Fee Rs 15 0.06%
Equity Futures Flat Fee Rs 15 0.02%
Equity Options Flat Fee Rs 15 Rs 100 Per Lot
Currency Futures Flat Fee Rs 15 0.02%
Currency Options Flat Fee Rs 15 Rs 100 Per Lot
Commodity Trading Flat Fee Rs 15 Rs 100 Per Lot
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding No Info Not Available
Call & Trade Charges Rs 20 per executed Order NA
Auto Square off Charges Rs 20 per executed Order NA
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare TradeSmart vs Marwadi Group on Transaction Charges

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

Transaction Charges - Compare TradeSmart with Marwadi Group
Transaction Charges Compare TradeSmart Marwadi Group
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 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for trade-smart-online Complete Brokerage Plans for marwadi-group
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Account Features

Compare TradeSmart vs Marwadi Group on Account Features

Compare TradeSmart with Marwadi Group 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 - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Marwadi Group offers a margin funding where TradeSmart doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - TradeSmart with Marwadi Group
Account Features Compare TradeSmart Marwadi Group
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 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 No
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 Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart and Marwadi Group. 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 Marwadi Group
Trading Platform Compare TradeSmart Marwadi Group
Desktop Trading Platform NEST Trader & Fox Trader Marwadi ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://sine.tradesmartonline.in/userMaster/login https://mtrade.marwadionline.com/html5/
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sine MSFL Connect
Mobile Trading App Demo Sine Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Sine Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sine Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for TradeSmart Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare TradeSmart vs Marwadi Group on User Rating

  TradeSmart Marwadi Group
  34 Customer Reviews    Rate TradeSmart 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 3.9 2.7
Trading Brokerage Rating 4.4 2.3
Trading Platform Usability 3.7 2.0
Customer Service Ratings 4.0 2.3
Overall Ratings 4.0 2.7
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare TradeSmart vs Marwadi Group on Investment Offerings

Compare TradeSmart with Marwadi Group 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 - Marwadi Group 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 Marwadi Group
Investment Offerings Compare TradeSmart Marwadi Group
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds No Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Life & General Insurance
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Order Types

Compare TradeSmart vs Marwadi Group on Order Types

Order Type - Compare TradeSmart with Marwadi Group 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 Marwadi Group 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 Marwadi Group 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- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare TradeSmart with Marwadi Group
Order Type Compare TradeSmart Marwadi Group
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 Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare TradeSmart vs Marwadi Group on Customer Service

Compare TradeSmart with Marwadi Group 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 Marwadi Group
Customer Service Compare TradeSmart Marwadi Group
24/7 Customer Service TradeSmart vs Marwadi Group - 24x7 customer support No No
Email Support TradeSmart vs Marwadi Group - Email Support Yes Yes
Onine Live Chat TradeSmart vs Marwadi Group - Onine Live Chat Yes No
Phone Support TradeSmart vs Marwadi Group - Phone Support Yes Yes
Toll Free Number TradeSmart vs Marwadi Group - Toll Free Number No No
Through Branches TradeSmart vs Marwadi Group - Through Branches No Yes
Customer Care Number TradeSmart vs Marwadi Group - Customer Care Number 022 61208000 +91-281-6192000/+91-281-7174000
Account Opening Process TradeSmart vs Marwadi Group - Account Opening Process Online/Paperless Info Not Available
Customer Support Email TradeSmart vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradeSmart vs Marwadi Group - Knowledge Center/Education https://help.tradesmartonline.in/ https://www.marwadionline.com/blog/
Head Office Address TradeSmart vs Marwadi Group - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Info Not Available
Website TradeSmart vs Marwadi Group - Company Website https://tradesmartonline.in/ https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare TradeSmart vs Marwadi Group on Research Reports, Tips

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

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

Compare TradeSmart vs Marwadi Group on Demat Account

Compare TradeSmart with Marwadi Group 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 Marwadi Group is ₹250 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 Marwadi Group 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 TradeSmart with Marwadi Group
  TradeSmart Marwadi Group
DP Source CDSL CDSL
DP ID TradeSmart vs Marwadi Group - DP ID 30400 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹250 pa
Advance Deposit NIL NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹25
Demat ₹500 per certificate (Min ₹500 per request) ₹3 per certificate
Remat ₹500 per certificate (Min ₹500 per request) ₹25 per certificate
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹200 per script ₹20
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹200 per script ₹25
Failed Instruction Charges Nil ₹15
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Marwadi Group on Special Offers and Promotion

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

Compare TradeSmart vs Marwadi Group on Special Offers and Promotion
  TradeSmart Marwadi Group
Pay In and Pay Out Options TradeSmart vs Marwadi Group - 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.
Info Not Available
Payout Time TradeSmart vs Marwadi Group - Payout Time Up to 24 Hrs except Bank Holidays. Info Not Available
Bank Supported and Charges TradeSmart vs Marwadi Group - Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Info Not Available
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 on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

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...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

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