FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Espresso Sharekhan ranges between Rs 20, while the brokerage of TradeSmart ranges between Rs 15. The broker Espresso Sharekhan and TradeSmart are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Espresso Sharekhan is rated 4, TradeSmart is rated 4 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Espresso Sharekhan 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 IIFL Securities vs Espresso Sharekhan 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 IIFL Securities vs Espresso Sharekhan vs TradeSmart in this setion with 360 degree view of broker information.
In this section we have compared IIFL Securities vs Espresso Sharekhan vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities charges Free for account opening, Espresso Sharekhan charges Rs. 354 (Free for limited time) for account opeing, and TradeSmart charges Rs 200 for account opeing. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Espresso Sharekhan charges Rs. 400 PA AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.
Charges | IIFL Securities | Espresso Sharekhan | TradeSmart |
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Trading Account Opening Fees | Free | Rs. 354 (Free for limited time) | Rs 200 |
Trading AMC | Free | Free | Free |
Demat Account Opening Fees | Free | Free | Rs 200 |
Demat AMC | Rs 250 PA (Free for 1st year) | Rs. 400 PA | Rs 300 PA |
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Plans are the most important feature you look when compare IIFL Securities vs Espresso Sharekhan vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart offers Multiple Plans where IIFL Securities and Espresso Sharekhan doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | IIFL Securities | Espresso Sharekhan | TradeSmart |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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IIFL Securities | Espresso Sharekhan | Zerodha | |
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Account Opening Request |
IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.
Espresso Sharekhan Brokerage Plan detail - Pay only when you profit is a flat brokerage plan that offers free delivery trading and charges Max Rs. 20 per order brokerage on equity intraday, F&O, commodity, and currency only in case of profit. There will be NIL brokerage fee in case of loss.
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 | IIFL Securities | Espresso Sharekhan | TradeSmart |
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Plan Name | IIFL iSERVE Brokerage Plan | Pay Only When You Profit | Flat Fee Rs 15 Trading Plan (Power Plan) |
Equity Delivery | Flat Rs 20 per order | Free | Flat Fee Rs 15 |
Equity Intraday | Flat Rs 20 per order | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 15 |
Equity Futures | Flat Rs 20 per order | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 15 |
Equity Options | Flat Rs 20 per order | Flat Fee Rs 20 | Flat Fee Rs 15 |
Currency Futures | Flat Rs 20 per order | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 15 |
Currency Options | Flat Rs 20 per order | Flat Fee Rs 20 | Flat Fee Rs 15 |
Commodity Trading | Flat Rs 20 per order | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 15 |
Minimum Brokerage | NIL | ||
Hidden Charges | Info Not Available | No | |
Funding | Yes - 18% interest PA | Info Not Available | No |
Call & Trade Charges | Rs 50 Per Call + GST | Rs. 50 + GST per order placed through dealing desk | Rs 20 per executed Order |
Auto Square off Charges | Rs 50 Per Call + GST | Rs. 50 + GST per order placed through dealing desk | Rs 20 per executed Order |
Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Espresso Sharekhan | Brokerage Calculator for TradeSmart |
Compare IIFL Securities vs Espresso Sharekhan vs TradeSmart on transaction charges and PCM fee by segment.
Transaction Charges Compare | IIFL Securities | Espresso Sharekhan | 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 | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | 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 iifl-securities | Complete Brokerage Plans for espresso-sharekhan | Complete Brokerage Plans for trade-smart-online |
Compare IIFL Securities vs Espresso Sharekhan vs TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - IIFL Securities and Espresso Sharekhan offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - IIFL Securities offers NRI Trading where Espresso Sharekhan and TradeSmart doesn't offers NRI Trading.
Account Features Compare | IIFL Securities | Espresso Sharekhan | TradeSmart |
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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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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Combined Ledger for Equity and Commodity | ![]() |
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Intraday Square-off Time | 3:15PM | 3:15 PM | 3:15PM |
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 IIFL Securities vs Espresso Sharekhan 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.
Compare IIFL Securities vs Espresso Sharekhan 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 - IIFL Securities offers online mutual fund investment where Espresso Sharekhan and TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities offers PMS facility where Espresso Sharekhan and TradeSmart doesn't offers PMS facility.
Investment Offerings Compare | IIFL Securities | Espresso Sharekhan | TradeSmart |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | SGB, Buyback, IPO | NIL |
Order Type - Compare IIFL Securities vs Espresso Sharekhan 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) - IIFL Securities and TradeSmart provides Cover Orders (CO) facility where Espresso Sharekhan doesn't provides Cover Orders. Bracket Orders (BO) - Espresso Sharekhan and TradeSmart provides Bracket Orders (BO) facility where IIFL Securities doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - IIFL Securities and Espresso Sharekhan offers Good Till Cancelled (GTC) orders facility where TradeSmart doesn't provides GTC.
Order Type Compare | IIFL Securities | Espresso Sharekhan | TradeSmart |
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CNC order | ![]() |
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MIS order | ![]() |
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NRML order | ![]() |
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Cover order | ![]() |
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Bracket order | ![]() |
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AMO-After Market Orders | ![]() |
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GTC-Good Till Cancelled | ![]() |
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Compare IIFL Securities vs Espresso Sharekhan 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 | IIFL Securities | Espresso Sharekhan | TradeSmart |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | 022-40071000 | 022 6767 0700 | 022 61208000 |
Account Opening Process | Online/Paperless | 100% online/paperless | Online/Paperless |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx | https://www.myespresso.com/the-espresso-blog | https://help.tradesmartonline.in/ |
Head Office Address | IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604 |
Sharekhan Comtrade Private Limited Lodha iThink Techno Campus, 10th Floor, Beta Building, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. | Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
Website | https://www.indiainfoline.com/ | https://www.myespresso.com/ | https://tradesmartonline.in/ |
Compare IIFL Securities vs Espresso Sharekhan vs TradeSmart on research reports and tips provided by broker.
IIFL Securities | Espresso Sharekhan | TradeSmart | |
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Research Mutual Funds | ![]() |
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Research Equity Reports | ![]() |
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Research ETF | ![]() |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare IIFL Securities vs Espresso Sharekhan vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details
IIFL Securities | Espresso Sharekhan | TradeSmart | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 44700 | CDSL-DP-45 | 30400 |
Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹400 pa | ₹300 pa |
Advance Deposit | Nil | Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) | NIL |
Statutory charges | Nil | Actual Stamp Paper Charges | Nil |
Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) | ₹25 |
Demat | ₹15 per certificate + ₹40 courier charges | ₹5 per certificate (Min 50 per request) | ₹500 per certificate (Min ₹500 per request) |
Remat | ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges | ₹50 per certificate or ₹50 for every hundred securities | ₹500 per certificate (Min ₹500 per request) |
Pledge Creation | ₹50 | 0.03% (Min ₹100) | ₹200 per script ₹50 for trading margin each side |
Pledge Creation Confirmation | Nil | NIL | Nil |
Pledge Closure | Nil | NIL | ₹200 per script |
Pledge Closure Confirmation | Nil | NIL | Nil |
Pledge Invocation | Nil | NIL | ₹200 per script |
Failed Instruction Charges | Nil | Nil | Nil |
Other Charges | Nil | Freeze/De-freeze - ₹25 per transaction Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100) Client Master changes ₹30 per request |
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Compare IIFL Securities vs Espresso Sharekhan vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
IIFL Securities | Espresso Sharekhan | TradeSmart | |
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Pay In and Pay Out Options | Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App. Pay-out/Fund Withdrawal - Bank Transfer only |
Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Expresso 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 | Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. | Max 24 hrs except for bank holidays | Up to 24 Hrs except Bank Holidays. |
Bank Supported and Charges | Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. | Around 31 banks allow instant credit facility with charges of Rs 9 + GST | Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. |
Bank Detail | India Infoline Ltd Account No.:IILEQ1XXXX Bank:YES BANK Branch:MUMBAI Account Type:CURRENT IFSC Code:YESB0CMSNOC |
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 |
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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 IIFL Securities | Enquire for Espresso Sharekhan | Enquire for TradeSmart |
Last Updated on 2023-09-14T04:42:55+00:00