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TradeSmart Vs Groww Vs AxisDirect: Which one is better?

The brokerage of TradeSmart ranges between Rs 15, the brokerage of Groww ranges between Rs 20, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker TradeSmart and Groww are a discount brokers where AxisDirect is a full service broker. Overall rating for TradeSmart is 4, Groww is rated 4, AxisDirect is rated 3.5 out of 5.

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

Compare TradeSmart vs Groww vs AxisDirect on Service

  TradeSmart Compare
TradeSmart
Groww Compare
Groww
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Full Service Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE 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. 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 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... Know more about AxisDirect
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare TradeSmart vs Groww vs AxisDirect on Trading & Demat Account Opening Charges

In this section we have compared TradeSmart vs Groww vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - TradeSmart charges Rs 200 for account opening, Groww charges Free for account opeing, and AxisDirect charges Rs 999 for account opeing. Demat AMC charges - TradeSmart charges Rs 300 PA as AMC for Demat account, Groww charges Free AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare TradeSmart vs Groww vs AxisDirect
Charges TradeSmart Groww AxisDirect
Trading Account Opening Fees Rs 200 Free Rs 999
Trading AMC Free Free Free
Demat Account Opening Fees Rs 200 Free Free
Demat AMC Rs 300 PA Free Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare TradeSmart vs Groww vs AxisDirect on Plan Options

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

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

Account Opening

  Zerodha Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare TradeSmart vs Groww vs AxisDirecton 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.

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

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 TradeSmart vs Groww vs AxisDirect
Brokerage Charges Compare TradeSmart Groww AxisDirect
Plan Name Flat Fee Rs 15 Trading Plan (Power Plan) Flat Brokerage Plan Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Flat Fee Rs 15 0.05% or Rs 20 whichever is lower 0.50% (Each leg)
Equity Intraday Flat Fee Rs 15 0.05% or Rs 20 whichever is lower 0.05% (Each leg)
Equity Futures Flat Fee Rs 15 Flat Fee Rs 20 0.05% (Each leg)
Equity Options Flat Fee Rs 15 Flat Fee Rs 20 Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Fee Rs 15 Not Available 0.05% (Each Leg)
Currency Options Flat Fee Rs 15 Not Available Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading Flat Fee Rs 15 Not Available Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage
Hidden Charges No Info Not Available
Funding No Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 20 per executed Order Rs 50 Per Executable Order Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 20 per executed Order Rs 50 Per Executable Order 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for TradeSmart Brokerage Calculator for Groww Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare TradeSmart vs Groww vs AxisDirect on Transaction Charges

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

Transaction Charges - Compare TradeSmart vs Groww vs AxisDirect
Transaction Charges Compare TradeSmart Groww AxisDirect
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 NA
Brokerage Charges Complete Brokerage Plans for trade-smart-online Complete Brokerage Plans for groww Complete Brokerage Plans for axisdirect
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Account Features

Compare TradeSmart vs Groww vs AxisDirect on Account Features

Compare TradeSmart vs Groww vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 Account where TradeSmart and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding - Groww and AxisDirect offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - AxisDirect offers NRI Trading where TradeSmart and Groww doesn't offers NRI Trading.

Account Features - TradeSmart vs Groww vs AxisDirect
Account Features Compare TradeSmart Groww AxisDirect
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. Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading Yes No No
SMS Alerts No No Yes
Online Demo Yes No Yes
Online Portfolio No Yes Yes
Margin Trading Funding Available No Yes Yes
Combined Ledger for Equity and Commodity Yes No Yes
Intraday Square-off Time 3:15PM 3:10 PM 2:45 PM
NRI Trading No No Yes
Other Features NIL NIL NIL
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Trading Platform

Compare TradeSmart vs Groww vs AxisDirecton Trading Platform

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

Trading Platform - Compare TradeSmart vs Groww vs AxisDirect
Trading Platform Compare TradeSmart Groww AxisDirect
Desktop Trading Platform NEST Trader & Fox Trader Groww App Ring
Desktop Demo Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes No Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

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

Yes

https://login.axisdirect.in/

Web Trading Demo Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Sine Groww App AxisDirect Ring Mobile App
Mobile Trading App Demo Sine Demo Info Not Available AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod Sine Download Andriod Groww App Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Sine Download iOS Groww App Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for TradeSmart Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for TradeSmart Futures Brokerage Calculator for Groww Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for TradeSmart Options Brokerage Calculator for Groww Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for trade-smart-online Detail on Trading Platforms for groww Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare TradeSmart vs Groww vs AxisDirect on User Rating

  TradeSmart Groww AxisDirect
  34 Customer Reviews    Rate TradeSmart 8 Customer Reviews    Rate Groww 6 Customer Reviews    Rate AxisDirect
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 Groww is Rated 4.3 / 5 based on 8 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare TradeSmart vs Groww vs AxisDirect on Investment Offerings

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

Compare TradeSmart vs Groww vs AxisDirect on Order Types

Order Type - Compare TradeSmart vs Groww 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) - TradeSmart and AxisDirect provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - TradeSmart provides Bracket Orders (BO) facility where Groww and AxisDirect doesn't provides Bracket Orders. After Market Orders (AMO) - TradeSmart and AxisDirect AMO facility where Groww doesn't provides AMO. GTC Orders - AxisDirect offers Good Till Cancelled (GTC) orders facility where TradeSmart and Groww doesn't provides GTC.

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

Compare TradeSmart vs Groww vs AxisDirect on Customer Service

Compare TradeSmart vs Groww 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 Support - Compare TradeSmart vs Groww vs AxisDirect
Customer Service Compare TradeSmart Groww AxisDirect
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No No Yes
Through Branches No No Yes
Customer Care Number 022 61208000 9108800604 022-61480808
Account Opening Process Online/Paperless Online Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://help.tradesmartonline.in/ https://groww.in/academy https://simplehai.axisdirect.in/learn/overview
Head Office Address Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website https://tradesmartonline.in/ https://groww.in/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare TradeSmart vs Groww vs AxisDirect on Research Reports, Tips

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

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

Compare TradeSmart vs Groww vs AxisDirect on Demat Account

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

Demat Charges - Compare TradeSmart vs Groww vs AxisDirect
  TradeSmart Groww AxisDirect
DP Source CDSL CDSL CDSL
DP ID 30400 No 49200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Zero ₹500 pa
Advance Deposit NIL Nil Nil
Statutory charges Nil Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹25 ₹8 + ₹5.50 CDSL charges ₹10
Demat ₹500 per certificate (Min ₹500 per request) ₹150 per certificate + courier charges ₹3 per certificate
Remat ₹500 per certificate (Min ₹500 per request) ₹150 per certificate + courier charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation ₹200 per script
₹50 for trading margin each side
₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Closure ₹200 per script ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Pledge Invocation ₹200 per script ₹20 + Rs. 12 per request (CDSL Charges) Nil
Failed Instruction Charges Nil ₹50 Nil
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare TradeSmart vs Groww vs AxisDirect on Special Offers and Promotion

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

Compare TradeSmart vs Groww vs AxisDirect on Special Offers and Promotion
  TradeSmart Groww AxisDirect
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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
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 Up to 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays Instant to Axis Bank.
Bank Supported and Charges Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. NA
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
Info Not Available Direct from your Axis bank account.
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 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...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

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...

  • 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...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

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 TradeSmart Enquire for Groww Enquire for AxisDirect

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