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HDFC Sky Vs ProStocks Vs TradeSmart: Which one is better?

The brokerage of HDFC Sky ranges between Rs 20, the brokerage of ProStocks ranges between Rs 15, while the brokerage of TradeSmart ranges between Rs 15. All 3 brokers are discount brokers. Overall rating for HDFC Sky is 4, ProStocks is rated 4, TradeSmart is rated 4 out of 5.

Here we present side-by-side comparison of HDFC Sky vs ProStocks 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 ProStocks 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 ProStocks vs TradeSmart in this setion with 360 degree view of broker information.

Compare 2 Brokers

Compare HDFC Sky vs ProStocks vs TradeSmart on Service

  HDFC Sky Compare
HDFC Sky		 ProStocks Compare
ProStocks		 TradeSmart Compare
TradeSmart
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount 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... Know more about HDFC Sky Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an...Know more about ProStocks 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.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from ProStocks
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Account Opening Charges and AMC

Compare HDFC Sky vs ProStocks vs TradeSmart on Trading & Demat Account Opening Charges

In this section we have compared HDFC Sky vs ProStocks vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky and ProStocks offer Free account opening where 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, ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky vs ProStocks vs TradeSmart
Charges HDFC Sky ProStocks TradeSmart
Trading Account Opening Fees Free Free 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 0 (Rs 1000 Refundable Deposit) Rs 300 PA
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs ProStocks vs TradeSmart on Plan Options

Plans are the most important feature you look when compare HDFC Sky vs ProStocks vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ProStocks and TradeSmart offers Multiple Plans where HDFC Sky doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where HDFC Sky and TradeSmart doesn't offer.

Compare HDFC Sky vs ProStocks vs TradeSmart on Plan Options
Plan Types HDFC Sky ProStocks TradeSmart
Multiple Plans No Yes Yes
Monthly Plans No Yes No
Yearly Plans No Yes No
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Account Opening Request

Account Opening

  Zerodha Zerodha ProStocks
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Brokerage Charges

Compare HDFC Sky vs ProStocks vs TradeSmarton Brokerage Charges

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.

ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.

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 vs ProStocks vs TradeSmart
Brokerage Charges Compare HDFC Sky ProStocks TradeSmart
Plan Name Fixed pricing model Flat Fee Rs 15 Trading Plan Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.1% or Rs 20 whichever is lower Free Flat Fee Rs 15
Equity Intraday 0.1% or Rs 20 whichever is lower Flat Fee Rs 15 Flat Fee Rs 15
Equity Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 15 Flat Fee Rs 15
Equity Options Flat Fee Rs 20 Flat Fee Rs 15 Flat Fee Rs 15
Currency Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 15 Flat Fee Rs 15
Currency Options Flat Fee Rs 20 Flat Fee Rs 15 Flat Fee Rs 15
Commodity Trading Flat Fee Rs 20 NA Flat Fee Rs 15
Minimum Brokerage NA
Hidden Charges No No
Call & Trade Charges Rs 20 per call Delivery Rs 25, Intraday and F&O Rs 10 per executed order Rs 20 per executed Order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Delivery Rs 25, Intraday and F&O Rs 10 per executed order Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for ProStocks Brokerage Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare HDFC Sky vs ProStocks vs TradeSmart on Transaction Charges

Compare HDFC Sky vs ProStocks vs TradeSmart on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky vs ProStocks vs TradeSmart
Transaction Charges Compare HDFC Sky ProStocks TradeSmart
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 NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for prostocks Complete Brokerage Plans for trade-smart-online
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Account Features

Compare HDFC Sky vs ProStocks vs TradeSmart on Account Features

Compare HDFC Sky vs ProStocks 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 ProStocks and TradeSmart offers only 2-in-1 account which includes trading and demat account. Margin Funding - HDFC Sky offers margin funding where ProStocks and TradeSmart doesn't offers margin funding. NRI Trading - HDFC Sky and ProStocks offers NRI Trading where TradeSmart doesn't offers NRI Trading.

Account Features - HDFC Sky vs ProStocks vs TradeSmart
Account Features Compare HDFC Sky ProStocks TradeSmart
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky 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 Yes
Algo Trading No Yes Yes
SMS Alerts Yes Yes No
Online Demo Yes Yes Yes
Online Portfolio Yes No No
Margin Trading Funding Available Yes No No
Combined Ledger for Equity and Commodity Yes No Yes
Intraday Square-off Time 3:15PM 3:15PM 3:15PM
NRI Trading Yes Yes No
Other Features NIL NIL NIL
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Trading Platform

Compare HDFC Sky vs ProStocks vs TradeSmarton Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky vs ProStocks 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.

Trading Platform - Compare HDFC Sky vs ProStocks vs TradeSmart
Trading Platform Compare HDFC Sky ProStocks TradeSmart
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://hdfcsky.com/

https://www.prostocksweb.com/

https://sine.tradesmartonline.in/userMaster/login
Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App HDFC Sky App Star ProStocks Sine
Mobile Trading App Demo HDFC Sky App Demo Star ProStocks Demo Sine Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Star ProStocks Download Andriod Download
iPhone Mobile App (IOS) No Yes Yes
iOS App Download iOS HDFC Sky App Download iOS Star ProStocks Download iOS Sine Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for ProStocks Equity Intraday and Delivery Brokerage Calculator for TradeSmart
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for ProStocks Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for ProStocks Options Brokerage Calculator for TradeSmart
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for prostocks Detail on Trading Platforms for trade-smart-online

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Broker Ratings by Users

Compare HDFC Sky vs ProStocks vs TradeSmart on User Rating

  HDFC Sky ProStocks TradeSmart
  97 Customer Reviews    Rate HDFC Sky 20 Customer Reviews    Rate ProStocks 34 Customer Reviews    Rate TradeSmart
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews ProStocks is Rated 0.9 / 5 based on 20 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare HDFC Sky vs ProStocks vs TradeSmart on Investment Offerings

Compare HDFC Sky vs ProStocks 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 - HDFC Sky and TradeSmart offers Commodity Trading where ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - HDFC Sky offers online mutual fund investment where ProStocks and TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.

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

Compare HDFC Sky vs ProStocks vs TradeSmart on Order Types

Order Type - Compare HDFC Sky vs ProStocks 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 doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After Market Orders (AMO) - ProStocks and TradeSmart AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky and ProStocks offers Good Till Cancelled (GTC) orders facility where TradeSmart doesn't provides GTC.

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

Compare HDFC Sky vs ProStocks vs TradeSmart on Customer Service

Compare HDFC Sky vs ProStocks 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 Support - Compare HDFC Sky vs ProStocks vs TradeSmart
Customer Service Compare HDFC Sky ProStocks TradeSmart
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No Yes
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes No No
Customer Care Number 1800 121 2109 +91-2262-434343 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.prostocks.com/faq.html https://help.tradesmartonline.in/
Head Office Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042		 Sunlight Broking LLP,
B-50, Pravasi Industrial Estate,
Goregaon (East),
Mumbai - 400063		 Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website https://hdfcsky.com/ https://www.prostocks.com https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare HDFC Sky vs ProStocks vs TradeSmart on Research Reports, Tips

Compare HDFC Sky vs ProStocks vs TradeSmart on research reports and tips provided by broker.

Research Reports - Compare HDFC Sky vs ProStocks vs TradeSmart
  HDFC Sky ProStocks TradeSmart
Research Mutual Funds Yes No No
Research Equity Reports Yes No No
Research ETF Yes No No
Daily Market Report Yes No No
Free Tips Yes No No
Quarterly Result Analysis Yes No No
News Alerts Yes No No
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Demat Account

Compare HDFC Sky vs ProStocks vs TradeSmart on Demat Account

Compare HDFC Sky vs ProStocks vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky vs ProStocks vs TradeSmart
  HDFC Sky ProStocks TradeSmart
DP Source CDSL CDSL CDSL
DP ID 12400 83200 30400
Demat Account Annual Maintenance Charges(AMC) ₹750 pa Free (₹1000 Refundable Deposit) ₹300 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- 1000/- Refundable Deposit against charges NIL
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹20 per ISIN ₹25
Demat ₹5 per certificate + ₹35 request charges ₹50 per set up + ₹50 courier charges ₹500 per certificate (Min ₹500 per request)
Remat ₹30 ₹50 per set up + ₹50 courier charges ₹500 per certificate (Min ₹500 per request)
Pledge Creation Nil ₹50 ₹200 per script
₹50 for trading margin each side
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil Nil
Pledge Closure Nil ₹50 ₹200 per script
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹50 ₹200 per script
Failed Instruction Charges Nil ₹50 per transaction Nil
Other Charges
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs ProStocks vs TradeSmart on Special Offers and Promotion

Compare HDFC Sky vs ProStocks vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs ProStocks vs TradeSmart on Special Offers and Promotion
  HDFC Sky ProStocks TradeSmart
Pay In and Pay Out Options
Payout Time
Bank Supported and Charges
Bank Detail
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...
  • Lifetime Zero AMC Demat Account and free delivery trading.
  • Cheapest online trading services at 15 per order brokerage plan.
  • Place an unlimited number of trades by subscribing to ProStocks monthly trading plan.
  • Trade on Free trading platforms; mobile app, website, and desktop trading software.
  • Different types of ProStocks Star API; Trading API, Websocket API, Publisher API, Historical API.
  • FoxTrader, is an ultra-modern windows-based automated trading platform.
  • Cheapest intraday call & trade service at just Rs. 10 per trade.
  • Get referral benefits with Prostocks Referral plan.
  • Secure & hassle-free fund transfer via 30+ supported banks.
  • Free instant fund transfer via UPI.
  • Advanced orders like Cover order, Bracket order, basket order, and after-market order.
  • Place Good Till Triggered (GTT) order.
  • Use online tools like brokerage calculator and margin calculator.
  • No PCM fee.
  • No proprietary trading.

Detail Review...

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...
Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...
  • It does not offer a 3-in-1 account opening facility.
  • ProStocks does not provide commodity trading services.
  • It does not offer mutual funds investment facility.
  • ProStocks IPO Apply facility is only available on the ProStocks website.
  • It does not provide intraday trading tips, research, and advisory facility.

Detail Review...

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...
Special Offers/Promo ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit. Free Account Opening, Rs 400 Waived for a limited time.
Enquire for HDFC Sky Enquire for ProStocks Enquire for TradeSmart

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