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The brokerage of HDFC Sky ranges between Rs 20, the brokerage of Reliance Securities ranges between 0.05 - 0.50%, while the brokerage of TradeSmart ranges between Rs 15. The broker HDFC Sky and TradeSmart are discount brokers where Reliance Securities is a full service broker. Overall rating for HDFC Sky is 4, Reliance Securities is rated 3.5, TradeSmart is rated 4 out of 5.
Here we present side-by-side comparison of HDFC Sky vs Reliance Securities vs TradeSmart stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared HDFC Sky vs Reliance Securities vs TradeSmart on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better HDFC Sky vs Reliance Securities vs TradeSmart in this setion with 360 degree view of broker information.
 HDFC Sky |
 Reliance Securities |
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| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | BSE, NSE, MCX, NCDEX |
| Broker Overview | HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi...  |
Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... |
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. |
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In this section we have compared HDFC Sky vs Reliance Securities vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky charges Free for account opening, Reliance Securities charges Rs 950 for account opeing, and TradeSmart charges Rs 200 for account opeing. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.
| Charges | HDFC Sky | Reliance Securities | TradeSmart |
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| Trading Account Opening Fees | Free | Rs 950 | Rs 200 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Rs 200 |
| Demat AMC | Rs 240 PA (Free for 1st year) | Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) | Rs 300 PA |
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Plans are the most important feature you look when compare HDFC Sky vs Reliance Securities vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Reliance Securities and TradeSmart offers Multiple Plans where HDFC Sky doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | HDFC Sky | Reliance Securities | TradeSmart |
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| Zerodha | Zerodha | Zerodha | |
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HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.
Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.
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 | HDFC Sky | Reliance Securities | TradeSmart |
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| Plan Name | Fixed pricing model | R-FIXED Online Brokerage Plan (Percentage Based) | Flat Fee Rs 15 Trading Plan (Power Plan) |
| Equity Delivery | 0.1% or Rs 20 whichever is lower | 0.50% | Flat Fee Rs 15 |
| Equity Intraday | 0.1% or Rs 20 whichever is lower | 0.05% | Flat Fee Rs 15 |
| Equity Futures | 0.1% or Rs 20 whichever is lower | 0.05% | Flat Fee Rs 15 |
| Equity Options | Flat Fee Rs 20 | Rs 100 Per Lot | Flat Fee Rs 15 |
| Currency Futures | 0.1% or Rs 20 whichever is lower | 0.05% | Flat Fee Rs 15 |
| Currency Options | Flat Fee Rs 20 | Rs 100 Per Lot | Flat Fee Rs 15 |
| Commodity Trading | Flat Fee Rs 20 | Future: 0.05%| Options: Rs 100 per lot | Flat Fee Rs 15 |
| Minimum Brokerage | 5 paise per share | ||
| Hidden Charges | No | No | |
| Funding | Yes - 12% interest PA | Yes - 18% interest PA | No |
| Call & Trade Charges | Rs 20 per call | Rs 20 per call (Free First 20 call per month) | Rs 20 per executed Order |
| Auto Square off Charges | 0.1% or Rs 20 whichever is lower | Free First 20 call PM and Rs 20 their onwards. | Rs 20 per executed Order |
| Brokerage Calculator | Brokerage Calculator for HDFC Sky | Brokerage Calculator for Reliance Securities | Brokerage Calculator for TradeSmart |
Compare HDFC Sky vs Reliance Securities vs TradeSmart on transaction charges and PCM fee by segment.
| Transaction Charges Compare | HDFC Sky | Reliance Securities | TradeSmart |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | NA | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for reliance-securities | Complete Brokerage Plans for trade-smart-online |
Compare HDFC Sky vs Reliance Securities vs TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 Account where Reliance Securities and TradeSmart offers only 2-in-1 account which includes trading and demat account. Margin Funding - HDFC Sky and Reliance Securities offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - HDFC Sky and Reliance Securities offers NRI Trading where TradeSmart doesn't offers NRI Trading.
| Account Features Compare | HDFC Sky | Reliance Securities | TradeSmart |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
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| Other Features | NIL | Mobile Application: Rmobile Xpress | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky vs Reliance Securities vs TradeSmart. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| HDFC Sky | Reliance Securities | TradeSmart | ||
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97 Customer Reviews
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52 Customer Reviews
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34 Customer Reviews
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| Broker Rating | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews | TradeSmart is Rated 4.0 / 5 based on 34 customer reviews |
Compare HDFC Sky vs Reliance Securities vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - HDFC Sky and Reliance Securities offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Reliance Securities offers PMS facility where HDFC Sky and TradeSmart doesn't offers PMS facility.
| Investment Offerings Compare | HDFC Sky | Reliance Securities | TradeSmart |
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| Other Investment Options | NIL | NIL |
Order Type - Compare HDFC Sky vs Reliance Securities vs TradeSmart on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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) - All 3 brokers offers provides Bracket Orders (BO) facility. You can trade in equity and index derivatives using Bracket Orders. Bracket Orders (BO) is placed an compulsory stop loss and this is a intraday position. With Bracket order broker give you additional margin, as this order are placed with compulsory SL. After Market Orders (AMO) - Reliance Securities and TradeSmart AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky offers Good Till Cancelled (GTC) orders facility where Reliance Securities and TradeSmart doesn't provides GTC.
| Order Type Compare | HDFC Sky | Reliance Securities | TradeSmart |
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Compare HDFC Sky vs Reliance Securities vs TradeSmart on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | HDFC Sky | Reliance Securities | TradeSmart |
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| 24/7 Customer Service | |
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| Customer Care Number | 1800 121 2109 | 022 41596000 | 022 62436000 | 022 61208000 |
| Account Opening Process | Online | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://hdfcsky.com/learn | https://www.reliancesmartmoney.com/Insights | https://help.tradesmartonline.in/ |
| Head Office Address | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Reliance Securities Limited, 4th Floor, North Wing, Reliance Centre, Santacruz East, Mumbai-MH- 400055 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
| Website | https://hdfcsky.com/ | https://www.reliancesmartmoney.com | https://tradesmartonline.in/ |
Compare HDFC Sky vs Reliance Securities vs TradeSmart on research reports and tips provided by broker.
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| Research Mutual Funds | |
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| Research ETF | |
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Compare HDFC Sky vs Reliance Securities vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details
| HDFC Sky | Reliance Securities | TradeSmart | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | CDSL: 1209 | 41400 | 30400 |
| Demat Account Annual Maintenance Charges(AMC) | ₹750 pa | ₹300 pa | ₹300 pa |
| Advance Deposit | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | Nil | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹20) + CDSL charges | 0.04% (Min ₹27) + CDSL charges | ₹25 |
| Demat | ₹5 per certificate + ₹35 request charges | ₹5 per certificate + ₹30 request charges | ₹500 per certificate (Min ₹500 per request) |
| Remat | ₹30 | ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges | ₹500 per certificate (Min ₹500 per request) |
| Pledge Creation | Nil | 0.05% of transaction value (Min ₹30) | ₹200 per script ₹50 for trading margin each side |
| Pledge Creation Confirmation | 0.04% of transaction value (Min ₹40) | 0.05% of transaction value (Min ₹30) | Nil |
| Pledge Closure | Nil | 0.05% of transaction value (Min ₹30) | ₹200 per script |
| Pledge Closure Confirmation | 0.04% of transaction value (Min ₹40) | 0.05% of transaction value (Min ₹30) | Nil |
| Pledge Invocation | 0.04% of transaction value (Min ₹40) | 0.05% of transaction value (Min ₹30) | ₹200 per script |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
Compare HDFC Sky vs Reliance Securities vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| HDFC Sky | Reliance Securities | TradeSmart | |
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| Pay In and Pay Out Options | Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform. 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 | Instant to HDFC Bank. | Max 24 hrs except bank holidays | Up to 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Info Not Available | 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 HDFC bank account. | RELIANCE SECURITIES LTD Account No.:9500XXXXXXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0000001 |
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 |
Want to know why to trade with HDFC Sky, here are the promising reasons;
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Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
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There are several disadvantages or limitations as well of trading with TradeSmart such as follows;
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| Special Offers/Promo | Free Account Opening, Rs 400 Waived for a limited time. | ||
| Enquire for HDFC Sky | Enquire for Reliance Securities | Enquire for TradeSmart |
Last Updated on 2023-11-09T03:39:28+00:00
