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The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Finvasia ranges between Rs 0, while the brokerage of TradeSmart ranges between Rs 15. The broker Finvasia and TradeSmart are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Finvasia is rated 4, TradeSmart is rated 4 out of 5.
Here we present side-by-side comparison of IIFL Securities vs Finvasia 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 Finvasia 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 Finvasia vs TradeSmart in this setion with 360 degree view of broker information.
 IIFL Securities |
 Finvasia |
 TradeSmart |
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| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| Broker Overview | IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...  |
Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... |
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 IIFL Securities vs Finvasia vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities and Finvasia offer Free account opening where 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, Finvasia charges Free AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.
| Charges | IIFL Securities | Finvasia | 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 250 PA (Free for 1st year) | Free | Rs 300 PA |
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Plans are the most important feature you look when compare IIFL Securities vs Finvasia 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 Finvasia doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | IIFL Securities | Finvasia | TradeSmart |
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| Multiple Plans |  |
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| IIFL Securities | Zerodha | 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.
Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.
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 | Finvasia | TradeSmart |
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| Plan Name | IIFL iSERVE Brokerage Plan | Zero Brokerage Trading Plan | Flat Fee Rs 15 Trading Plan (Power Plan) |
| Equity Delivery | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 15 |
| Equity Intraday | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 15 |
| Equity Futures | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 15 |
| Equity Options | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 15 |
| Currency Futures | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 15 |
| Currency Options | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 15 |
| Commodity Trading | Flat Rs 20 per order | Rs 0 | Flat Fee Rs 15 |
| Minimum Brokerage | NA | ||
| Hidden Charges | Info Not Available | No | |
| Funding | Yes - 18% interest PA | Yes, 24% interest PA | No |
| Call & Trade Charges | Rs 50 Per Call + GST | Free | Rs 20 per executed Order |
| Auto Square off Charges | Rs 50 Per Call + GST | Free | Rs 20 per executed Order |
| Brokerage Calculator | Brokerage Calculator for IIFL Securities | Brokerage Calculator for Finvasia | Brokerage Calculator for TradeSmart |
Compare IIFL Securities vs Finvasia vs TradeSmart on transaction charges and PCM fee by segment.
| Transaction Charges Compare | IIFL Securities | Finvasia | 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 finvasia | Complete Brokerage Plans for trade-smart-online |
Compare IIFL Securities vs Finvasia 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 offers margin funding where Finvasia and TradeSmart doesn't offers margin funding. NRI Trading - IIFL Securities and Finvasia offers NRI Trading where TradeSmart doesn't offers NRI Trading.
| Account Features Compare | IIFL Securities | Finvasia | 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 Portfolio | |
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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 Finvasia 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 | IIFL Securities | Finvasia | TradeSmart |
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| Desktop Trading Platform | IIFL Trader terminal | OMNESYS NEST | NEST Trader & Fox Trader |
| Desktop Demo | Desktop Demo | Info Not Available | Desktop Demo |
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| Web Trading Detail |
https://ttweb.indiainfoline.com |
https://trade.finvasia.com/ |
https://sine.tradesmartonline.in/userMaster/login |
| Web Trading Demo | Info Not Available | Info Not Available | Web Trading Demo |
| Mobile Site | |
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| Mobile Trading App | IIFL Markets | SCALPERT | Sine |
| Mobile Trading App Demo | IIFL Markets Demo | SCALPERT Demo | Sine Demo |
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| Android App Download | Andriod IIFL Markets Download | Andriod SCALPERT Download | Andriod Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS IIFL Markets Download | Info Not Available | iOS Sine Download |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Basic platforms are free, advance platforms are chargeable. | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for IIFL Securities | Equity Intraday and Delivery Brokerage Calculator for Finvasia | Equity Intraday and Delivery Brokerage Calculator for TradeSmart |
| Futures Brokerage Calculator | Futures Brokerage Calculator for IIFL Securities | Futures Brokerage Calculator for Finvasia | Futures Brokerage Calculator for TradeSmart |
| Options Brokerage Calculator | Options Brokerage Calculator for IIFL Securities | Options Brokerage Calculator for Finvasia | Options Brokerage Calculator for TradeSmart |
| Detail | Detail on Trading Platforms for iifl-securities | Detail on Trading Platforms for finvasia | Detail on Trading Platforms for trade-smart-online |
| IIFL Securities | Finvasia | TradeSmart | ||
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82 Customer Reviews
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17 Customer Reviews
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34 Customer Reviews
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| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
| Customer Service Ratings | ||||
| Overall Ratings | ||||
| Broker Rating | IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews | Finvasia is Rated 4.2 / 5 based on 17 customer reviews | TradeSmart is Rated 4.0 / 5 based on 34 customer reviews |
Compare IIFL Securities vs Finvasia 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 and Finvasia offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities offers PMS facility where Finvasia and TradeSmart doesn't offers PMS facility.
| Investment Offerings Compare | IIFL Securities | Finvasia | TradeSmart |
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| Equity Cash and F&O | |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare IIFL Securities vs Finvasia 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) - Finvasia 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 offers Good Till Cancelled (GTC) orders facility where Finvasia and TradeSmart doesn't provides GTC.
| Order Type Compare | IIFL Securities | Finvasia | TradeSmart |
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| CNC order | |
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| MIS order | |
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| Cover order | |
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Compare IIFL Securities vs Finvasia 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 | Finvasia | TradeSmart |
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| 24/7 Customer Service | |
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| Customer Care Number | 022-40071000 | Support: +91 9779 097 777/Sales: +91 9098 001 001 | 022 61208000 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected]/[email protected] | [email protected] |
| Knowledge Center/Education | https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx | https://finvasia.com/announcements | 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 |
Finvasia Securities Pvt Ltd Plot #10, Netsmatrz House (Level 3), Rajiv Gandhi Chd. Tech Park, Chandigarh -160101 |
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.finvasia.com/ | https://tradesmartonline.in/ |
Compare IIFL Securities vs Finvasia vs TradeSmart on research reports and tips provided by broker.
| IIFL Securities | Finvasia | 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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Compare IIFL Securities vs Finvasia vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details
| IIFL Securities | Finvasia | TradeSmart | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 44700 | 84300 | 30400 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free | ₹300 pa |
| Advance Deposit | Nil | Rs 0 | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹9 + ₹5.50 (CDSL Charges) for every transaction | ₹25 |
| Demat | ₹15 per certificate + ₹40 courier charges | ₹15 per certificate | ₹500 per certificate (Min ₹500 per request) |
| Remat | ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges | ₹15 for every hundred securities + CDSL Charges | ₹500 per certificate (Min ₹500 per request) |
| Pledge Creation | ₹50 | ₹25 per transaction | ₹200 per script ₹50 for trading margin each side |
| Pledge Creation Confirmation | Nil | NIL | Nil |
| Pledge Closure | Nil | ₹25 per transaction | ₹200 per script |
| Pledge Closure Confirmation | Nil | NIL | Nil |
| Pledge Invocation | Nil | ₹19 per transaction | ₹200 per script |
| Failed Instruction Charges | Nil | ₹49 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare IIFL Securities vs Finvasia vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| IIFL Securities | Finvasia | 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 with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software. Pay-out / Withdrawal Fund through 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. | Up to 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 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. | 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 |
FINVASIA SECURITIES PVT LTD, Account Number:08730340000255 Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh Account Type: Current Account IFSC Code:HDFC0000873 |
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 |
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No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;
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Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
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Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;
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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+Free Demat AMC+Free Trading. | Free Account Opening, Rs 400 Waived for a limited time. | |
| Enquire for IIFL Securities | Enquire for Finvasia | Enquire for TradeSmart |
Last Updated on 2023-09-14T04:42:55+00:00
