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TradeSmart Vs Alice Blue Vs Groww: Which one is better?

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

Here we present side-by-side comparison of TradeSmart vs Alice Blue vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared TradeSmart vs Alice Blue vs Groww 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 TradeSmart vs Alice Blue vs Groww in this setion with 360 degree view of broker information.

Compare TradeSmart vs Alice Blue vs Groww on Service

  TradeSmart Compare
TradeSmart
Alice Blue Compare
Alice Blue
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX NSE, BSE
Broker Overview 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. Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Alice Blue Request call back from Zerodha
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Account Opening Charges and AMC

Compare TradeSmart vs Alice Blue vs Groww on Trading & Demat Account Opening Charges

In this section we have compared TradeSmart vs Alice Blue vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Alice Blue and Groww offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - TradeSmart charges Rs 300 PA as AMC for Demat account, Alice Blue charges Rs 400 PA AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradeSmart vs Alice Blue vs Groww
Charges TradeSmart Alice Blue Groww
Trading Account Opening Fees Rs 200 Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Rs 200 Free Free
Demat AMC Rs 300 PA Rs 400 PA Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare TradeSmart vs Alice Blue vs Groww on Plan Options

Plans are the most important feature you look when compare TradeSmart vs Alice Blue vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart and Alice Blue offers Multiple Plans where Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare TradeSmart vs Alice Blue vs Groww on Plan Options
Plan Types TradeSmart Alice Blue Groww
Multiple Plans Yes Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Alice Blue Zerodha
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs Alice Blue vs Growwon Brokerage Charges

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.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare TradeSmart vs Alice Blue vs Groww
Brokerage Charges Compare TradeSmart Alice Blue Groww
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) F15 Plan Flat Brokerage Plan
Equity Delivery Flat Fee Rs 15 Free 0.05% or Rs 20 whichever is lower
Equity Intraday Flat Fee Rs 15 0.05% or Rs 15 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Flat Fee Rs 15 0.05% or Rs 15 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 15 Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures Flat Fee Rs 15 0.05% or Rs 15 whichever is lower Not Available
Currency Options Flat Fee Rs 15 Flat Fee Rs 15 Not Available
Commodity Trading Flat Fee Rs 15 Flat Fee Rs 15 Not Available
Minimum Brokerage NA
Hidden Charges No No
Funding No Yes - 24% interest PA NA
Call & Trade Charges Rs 20 per executed Order Rs 50 per order + GST Rs 50 Per Executable Order
Auto Square off Charges Rs 20 per executed Order Rs 50 per order + GST Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Alice Blue Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare TradeSmart vs Alice Blue vs Groww on Transaction Charges

Compare TradeSmart vs Alice Blue vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare TradeSmart vs Alice Blue vs Groww
Transaction Charges Compare TradeSmart Alice Blue Groww
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 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for trade-smart-online Complete Brokerage Plans for alice-blue Complete Brokerage Plans for groww
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Account Features

Compare TradeSmart vs Alice Blue vs Groww on Account Features

Compare TradeSmart vs Alice Blue vs Groww 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 - Groww offers margin funding where TradeSmart and Alice Blue doesn't offers margin funding. NRI Trading - Alice Blue offers NRI Trading where TradeSmart and Groww doesn't offers NRI Trading.

Account Features - TradeSmart vs Alice Blue vs Groww
Account Features Compare TradeSmart Alice Blue Groww
3 in 1 Account No TradeSmart have 2-in-1 account. Only Demate and Trading account. No TradeSmart have 2-in-1 account. Only Demate and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading Yes Yes No
SMS Alerts No No No
Online Demo Yes No No
Online Portfolio No No Yes
Margin Trading Funding Available No No Yes
Combined Ledger for Equity and Commodity Yes Yes No
Intraday Square-off Time 3:15PM 3:15 PM 3:10 PM
NRI Trading No Yes No
Other Features NIL NIL NIL
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Trading Platform

Compare TradeSmart vs Alice Blue vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w TradeSmart vs Alice Blue vs Groww. 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 TradeSmart vs Alice Blue vs Groww
Trading Platform Compare TradeSmart Alice Blue Groww
Desktop Trading Platform NEST Trader & Fox Trader ANT - Analyse and Trade Groww App
Desktop Demo Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes Yes No
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://sine.tradesmartonline.in/userMaster/login

Yes

Web Trading Demo Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Sine ANT Mobile Groww App
Mobile Trading App Demo Sine Demo ANT Mobile Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod Sine Download Andriod ANT Mobile Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Sine Download iOS ANT Mobile Download iOS Groww App 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 TradeSmart Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for alice-blue Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare TradeSmart vs Alice Blue vs Groww on User Rating

  TradeSmart Alice Blue Groww
  34 Customer Reviews    Rate TradeSmart 8 Customer Reviews    Rate Alice Blue 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating TradeSmart is Rated 4.0 / 5 based on 34 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare TradeSmart vs Alice Blue vs Groww on Investment Offerings

Compare TradeSmart vs Alice Blue vs Groww 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 - TradeSmart and Alice Blue offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - Alice Blue and Groww 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 TradeSmart vs Alice Blue vs Groww
Investment Offerings Compare TradeSmart Alice Blue Groww
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes No
Commodity Yes Yes No
Online IPO Application No No Yes
Mutual Funds No Yes Yes
Bond / NCD No No No
ETF Yes Yes Yes
Banking No No No
Insurance No No No
Forex No No No
MF SIP Investment No Yes Yes
Equity SIP Investment No No No
PMS Service No No No
Other Investment Options NIL NIL NIL
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Order Types

Compare TradeSmart vs Alice Blue vs Groww on Order Types

Order Type - Compare TradeSmart vs Alice Blue vs Groww 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) - TradeSmart and Alice Blue provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - TradeSmart and Alice Blue provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - TradeSmart and Alice Blue AMO facility where Groww doesn't provides AMO. GTC Orders - All 3 brokers doesn't have GTC facility.

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

Compare TradeSmart vs Alice Blue vs Groww on Customer Service

Compare TradeSmart vs Alice Blue vs Groww 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 TradeSmart vs Alice Blue vs Groww
Customer Service Compare TradeSmart Alice Blue Groww
24/7 Customer Service No No No
Email Support Yes No Yes
Onine Live Chat Yes Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches No Yes No
Customer Care Number 022 61208000 08035215000/080-45490850 9108800604
Account Opening Process Online/Paperless Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://help.tradesmartonline.in/ https://tradeschool.aliceblueonline.com/ https://groww.in/academy
Head Office Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://tradesmartonline.in/ https://www.aliceblueonline.com https://groww.in/
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Tips/Research/Reports Published

Compare TradeSmart vs Alice Blue vs Groww on Research Reports, Tips

Compare TradeSmart vs Alice Blue vs Groww on research reports and tips provided by broker.

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

Compare TradeSmart vs Alice Blue vs Groww on Demat Account

Compare TradeSmart vs Alice Blue vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare TradeSmart vs Alice Blue vs Groww
  TradeSmart Alice Blue Groww
DP Source CDSL CDSL CDSL
DP ID 30400 83500 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹400 pa Zero
Advance Deposit NIL Rs 0 Nil
Statutory charges Nil Rs 150 Stamp Charges Legal Charges
Transaction Charges on Debit (Per ISIN) ₹25 0.04% of the value of the transaction ₹8 + ₹5.50 CDSL charges
Demat ₹500 per certificate (Min ₹500 per request) ₹10 per certificate + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹500 per certificate (Min ₹500 per request) ₹30 per certificate + CDSL charges ₹150 per certificate + courier charges
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹200 per script ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹200 per script ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil Nil ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Alice Blue vs Groww on Special Offers and Promotion

Compare TradeSmart vs Alice Blue vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare TradeSmart vs Alice Blue vs Groww on Special Offers and Promotion
  TradeSmart Alice Blue Groww
Pay In and Pay Out Options 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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Up to 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail 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
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
NA
Likes

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...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

Dislikes

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...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo Free Account Opening, Rs 400 Waived for a limited time.
Enquire for TradeSmart Enquire for Alice Blue Enquire for Groww

Last Updated on 2023-09-01T03:17:59+00:00