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The brokerage of HDFC Sky ranges between Rs 20, the brokerage of TradeSmart ranges between Rs 15, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker HDFC Sky and TradeSmart are a discount brokers where AxisDirect is a full service broker. Overall rating for HDFC Sky is 4, TradeSmart is rated 4, AxisDirect is rated 3.5 out of 5.
Here we present side-by-side comparison of HDFC Sky vs TradeSmart vs AxisDirect 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 TradeSmart vs AxisDirect 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 TradeSmart vs AxisDirect in this setion with 360 degree view of broker information.
 HDFC Sky |
 TradeSmart |
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| Broker Type | Discount Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| 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 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. | Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... |
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In this section we have compared HDFC Sky vs TradeSmart vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky charges Free for account opening, TradeSmart charges Rs 200 for account opeing, and AxisDirect charges Rs 999 for account opeing. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, TradeSmart charges Rs 300 PA AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
| Charges | HDFC Sky | TradeSmart | AxisDirect |
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| Trading Account Opening Fees | Free | Rs 200 | Rs 999 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Rs 200 | Free |
| Demat AMC | Rs 240 PA (Free for 1st year) | Rs 300 PA | Rs 750 PA (Free for 1st year) |
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Plans are the most important feature you look when compare HDFC Sky vs TradeSmart vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart and AxisDirect offers Multiple Plans where HDFC Sky doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | HDFC Sky | TradeSmart | AxisDirect |
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| Multiple Plans |  |
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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.
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.
AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.
| Brokerage Charges Compare | HDFC Sky | TradeSmart | AxisDirect |
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| Plan Name | Fixed pricing model | Flat Fee Rs 15 Trading Plan (Power Plan) | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 15 | 0.50% (Each leg) |
| Equity Intraday | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 15 | 0.05% (Each leg) |
| Equity Futures | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 15 | 0.05% (Each leg) |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 15 | 0.05% (Each Leg) |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
| Commodity Trading | Flat Fee Rs 20 | Flat Fee Rs 15 | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
| Minimum Brokerage | |||
| Hidden Charges | No | No | |
| Funding | Yes - 12% interest PA | No | Yes - 18% interest PA |
| Call & Trade Charges | Rs 20 per call | Rs 20 per executed Order | Free 20 calls per month, and after Rs. 20 per order |
| Auto Square off Charges | 0.1% or Rs 20 whichever is lower | Rs 20 per executed Order | 20 calls Free and after that Rs 20 per call |
| Brokerage Calculator | Brokerage Calculator for HDFC Sky | Brokerage Calculator for TradeSmart | Brokerage Calculator for AxisDirect |
Compare HDFC Sky vs TradeSmart vs AxisDirect on transaction charges and PCM fee by segment.
| Transaction Charges Compare | HDFC Sky | TradeSmart | AxisDirect |
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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 360 Per Cr | Agri: Rs 275 Per Cr | |
| Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for trade-smart-online | Complete Brokerage Plans for axisdirect |
Compare HDFC Sky vs TradeSmart vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky and AxisDirect offers 3-in-1 Account where TradeSmart offers only 2-in-1 account which includes trading and demat account. Margin Funding - HDFC Sky and AxisDirect offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - HDFC Sky and AxisDirect offers NRI Trading where TradeSmart doesn't offers NRI Trading.
| Account Features Compare | HDFC Sky | TradeSmart | AxisDirect |
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| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 2:45 PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky vs TradeSmart vs AxisDirect. 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 | TradeSmart | AxisDirect | ||
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97 Customer Reviews
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34 Customer Reviews
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6 Customer Reviews
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| Fees Ratings | ||||
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| Trading Platform Usability | ||||
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| Overall Ratings | ||||
| Broker Rating | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | TradeSmart is Rated 4.0 / 5 based on 34 customer reviews | AxisDirect is Rated 2.3 / 5 based on 6 customer reviews |
Compare HDFC Sky vs TradeSmart vs AxisDirect 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 AxisDirect offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.
| Investment Offerings Compare | HDFC Sky | TradeSmart | AxisDirect |
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| Other Investment Options | NIL | NIL |
Order Type - Compare HDFC Sky vs TradeSmart vs AxisDirect 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) - HDFC Sky and TradeSmart provides Bracket Orders (BO) facility where AxisDirect doesn't provides Bracket Orders. After Market Orders (AMO) - TradeSmart and AxisDirect AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky and AxisDirect offers Good Till Cancelled (GTC) orders facility where TradeSmart doesn't provides GTC.
| Order Type Compare | HDFC Sky | TradeSmart | AxisDirect |
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Compare HDFC Sky vs TradeSmart vs AxisDirect 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 | TradeSmart | AxisDirect |
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| 24/7 Customer Service | |
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| Customer Care Number | 1800 121 2109 | 022 61208000 | 022-61480808 |
| Account Opening Process | Online | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://hdfcsky.com/learn | https://help.tradesmartonline.in/ | https://simplehai.axisdirect.in/learn/overview |
| Head Office Address | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070. |
| Website | https://hdfcsky.com/ | https://tradesmartonline.in/ | https://simplehai.axisdirect.in |
Compare HDFC Sky vs TradeSmart vs AxisDirect on research reports and tips provided by broker.
| HDFC Sky | TradeSmart | AxisDirect | |
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| Research Mutual Funds | |
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| Research ETF | |
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Compare HDFC Sky vs TradeSmart vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
| HDFC Sky | TradeSmart | AxisDirect | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | CDSL: 1209 | 30400 | 49200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹750 pa | ₹300 pa | ₹500 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 | ₹25 | ₹10 |
| Demat | ₹5 per certificate + ₹35 request charges | ₹500 per certificate (Min ₹500 per request) | ₹3 per certificate |
| Remat | ₹30 | ₹500 per certificate (Min ₹500 per request) | ₹10 for every hundred securities (Min ₹10) |
| Pledge Creation | Nil | ₹200 per script ₹50 for trading margin each side |
₹25 |
| Pledge Creation Confirmation | 0.04% of transaction value (Min ₹40) | Nil | ₹25 |
| Pledge Closure | Nil | ₹200 per script | ₹25 |
| Pledge Closure Confirmation | 0.04% of transaction value (Min ₹40) | Nil | ₹25 |
| Pledge Invocation | 0.04% of transaction value (Min ₹40) | ₹200 per script | Nil |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
Compare HDFC Sky vs TradeSmart vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| HDFC Sky | TradeSmart | AxisDirect | |
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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 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 from Axis Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
| Payout Time | Instant to HDFC Bank. | Up to 24 Hrs except Bank Holidays. | Instant to Axis Bank. |
| 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. | NA |
| Bank Detail | Direct from your HDFC bank account. | 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 |
Direct from your Axis bank account. |
| 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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| Dislikes |
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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. | Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | |
| Enquire for HDFC Sky | Enquire for TradeSmart | Enquire for AxisDirect |
Last Updated on 2023-11-09T03:39:28+00:00
