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TradeSmart Vs Nuvama Wealth: 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 Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. TradeSmart is having overall higher rating compare to Nuvama Wealth. TradeSmart is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,72,812 where number of active customer for TradeSmart is 29,729. Nuvama Wealth is serving more customer compare to TradeSmart.

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

  TradeSmart Compare
TradeSmart
Nuvama Wealth Compare
Nuvama Wealth
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 BSE, NSE, MCX, NCDEX
Active Clients 29,729 1,72,812
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. One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...Know more about Nuvama Wealth
Broker Enquiry Request call back from Zerodha Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare TradeSmart vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of TradeSmart with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth 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 Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradeSmart with Nuvama Wealth
Charges TradeSmart Nuvama Wealth
Trading Account Opening Fees Rs 200 Free
Trading AMC Free Free
Demat Account Opening Fees Rs 200 Free
Demat AMC Rs 300 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare TradeSmart vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare TradeSmart with Nuvama Wealth. 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 TradeSmart with Nuvama Wealth on Plan Options
Plan Types TradeSmart Nuvama Wealth
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs Nuvama Wealth 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.

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

Brokerage Charges - Compare TradeSmart with Nuvama Wealth
Brokerage Charges Compare TradeSmart Nuvama Wealth
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Nuvama Lite
Equity Delivery Flat Fee Rs 15 Flat Rs. 10 per executed order
Equity Intraday Flat Fee Rs 15 Flat Rs. 10 per executed order
Equity Futures Flat Fee Rs 15 Flat Rs. 10 per executed order
Equity Options Flat Fee Rs 15 Flat Rs. 10 per executed order
Currency Futures Flat Fee Rs 15 Flat Rs. 10 per executed order
Currency Options Flat Fee Rs 15 Flat Rs. 10 per executed order
Commodity Trading Flat Fee Rs 15 0.01%
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding No Yes - 24% interest PA
Call & Trade Charges Rs 20 per executed Order Rs 20 per call
Auto Square off Charges Rs 20 per executed Order Rs 20
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare TradeSmart vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare TradeSmart with Nuvama Wealth
Transaction Charges Compare TradeSmart Nuvama Wealth
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 nuvama-wealth
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Account Features

Compare TradeSmart vs Nuvama Wealth on Account Features

Compare TradeSmart with Nuvama Wealth 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 - Nuvama Wealth offers a margin funding where TradeSmart doesn't offers margin funding. NRI Trading - Nuvama Wealth offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - TradeSmart with Nuvama Wealth
Account Features Compare TradeSmart Nuvama Wealth
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 Yes
Other Features NIL NIL
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Trading Platform

Compare TradeSmart vs Nuvama Wealth on Trading Platform

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

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Broker Ratings by Users

Compare TradeSmart vs Nuvama Wealth on User Rating

  TradeSmart Nuvama Wealth
  34 Customer Reviews    Rate TradeSmart 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.9 2.8
Trading Brokerage Rating 4.4 3.0
Trading Platform Usability 3.7 3.5
Customer Service Ratings 4.0 1.8
Overall Ratings 4.0 2.0
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare TradeSmart vs Nuvama Wealth on Investment Offerings

Compare TradeSmart with Nuvama Wealth 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 - Nuvama Wealth offers online mutual fund investment option where TradeSmart doesn't offer. Portfolio Management Services (PMS) - Nuvama Wealth provides PMS Service where TradeSmart doesn't offer

Investment Offerings - Compare TradeSmart with Nuvama Wealth
Investment Offerings Compare TradeSmart Nuvama Wealth
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 Yes
PMS Service No Yes
Other Investment Options NIL NIL
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Order Types

Compare TradeSmart vs Nuvama Wealth on Order Types

Order Type - Compare TradeSmart with Nuvama Wealth 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 provide Bracket Orders (BO) where Nuvama Wealth 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 Nuvama Wealth
Order Type Compare TradeSmart Nuvama Wealth
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
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 Nuvama Wealth on Customer Service

Compare TradeSmart with Nuvama Wealth 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 Nuvama Wealth
Customer Service Compare TradeSmart Nuvama Wealth
24/7 Customer Service TradeSmart vs Nuvama Wealth - 24x7 customer support No No
Email Support TradeSmart vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat TradeSmart vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support TradeSmart vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number TradeSmart vs Nuvama Wealth - Toll Free Number No Yes
Through Branches TradeSmart vs Nuvama Wealth - Through Branches No Yes
Customer Care Number TradeSmart vs Nuvama Wealth - Customer Care Number 022 61208000 1800 102 3335
Account Opening Process TradeSmart vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email TradeSmart vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education TradeSmart vs Nuvama Wealth - Knowledge Center/Education https://help.tradesmartonline.in/ https://www.nuvamawealth.com/investology
Head Office Address TradeSmart vs Nuvama Wealth - Head Office Address/Corporate Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website TradeSmart vs Nuvama Wealth - Company Website https://tradesmartonline.in/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare TradeSmart vs Nuvama Wealth on Research Reports, Tips

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

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

Compare TradeSmart vs Nuvama Wealth on Demat Account

Compare TradeSmart with Nuvama Wealth 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 Nuvama Wealth is Free (₹1500 one time charges) where for TradeSmart is ₹300 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to TradeSmart.

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 Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher.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 Nuvama Wealth
  TradeSmart Nuvama Wealth
DP Source CDSL CDSL
DP ID TradeSmart vs Nuvama Wealth - DP ID 30400 19100
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free (₹1500 one time charges)
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹500 per certificate (Min ₹500 per request) ₹2 per certificate + ₹30 courier charges
Remat ₹500 per certificate (Min ₹500 per request) ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹200 per script
₹50 for trading margin each side
0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹200 per script 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹200 per script 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Nuvama Wealth on Special Offers and Promotion

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

Compare TradeSmart vs Nuvama Wealth on Special Offers and Promotion
  TradeSmart Nuvama Wealth
Pay In and Pay Out Options TradeSmart vs Nuvama Wealth - 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, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time TradeSmart vs Nuvama Wealth - Payout Time Up to 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges TradeSmart vs Nuvama Wealth - 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
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
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...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

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...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Nuvama Wealth Account Now>>

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