TradeSmart Vs AxisDirect (Compare TradeSmart and AxisDirect)

TradeSmart Vs AxisDirect

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.

	TradeSmart	AxisDirect
Type of Broker	Discount Broker	Full Service Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	1994	2006
Number of Branches	1	56
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TradeSmart Vs AxisDirect Charges & AMC

TradeSmart trading account opening charges is Free while AxisDirect account opening changes is Rs 0. TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free) and AxisDirect Demat Account AMC Charges is Rs 750 (free for 1st year).

	TradeSmart	AxisDirect
Trading Account Opening Charges	Free	Rs 0
Trading Account AMC Charges	Rs 0	Rs 0
Demat Account Opening Charges	Free	Rs 0
Demat Account AMC Charges	Rs 300 (1st Year Free)	Rs 750 (free for 1st year)

TradeSmart Vs AxisDirect Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas AxisDirect brokerage charges for equity is 0.50% (Each Leg) and intraday is 0.05% (Each Leg).

Account Type	TradeSmart Power Plan	AxisDirect Standard Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 15 per order	0.50% (Each Leg)
Equity Intraday	Rs 15 per order	0.05% (Each Leg)
Equity Futures	Rs 15 per order	0.05% (Each Leg)
Equity Options	Rs 15 per order	Rs 20 Per Order
Currency Futures	Rs 15 per order	0.03% (Each Leg)
Currency Options	Rs 15 per order	Rs 20 Per Order
Commodity Futures	Rs 15 per order	0.03% (Each Leg)
Commodity Options	Rs 15 per order	Rs 50 per lot
Special Offer	Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.	Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

TradeSmart Vs AxisDirect Brokerage Plan 2

	TradeSmart	AxisDirect
Account Type	Value Plan	Standard Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	0.07%	0.50% (Each Leg)
Equity Intraday	0.007%	0.05% (Each Leg)
Equity Futures	0.007%	0.05% (Each Leg)
Equity Options	Rs 7 Per Lot	Rs 20 Per Order
Currency Futures	0.007%	0.03% (Each Leg)
Currency Options	Rs 7 Per Lot	Rs 20 Per Order
Commodity Futures	0.007%	0.03% (Each Leg)
Commodity Options	Rs 7 Per Lot	Rs 50 per lot
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TradeSmart Charges Vs AxisDirect

Minimum Brokerage	Rs 15 per executed order	Rs 25 per trade
Other Charges	Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges	Rs 20 per executed order	Rs 20 per call (First 20 calls free for a month)
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TradeSmart Vs AxisDirect Leverage (Margin)

TradeSmart margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the AxisDirect margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	TradeSmart	AxisDirect
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
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Compare TradeSmart and AxisDirect Features

The trading platforms offered TradeSmart include Mobile trading app, Desktop trading application, Browser, APIs. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.

	TradeSmart	AxisDirect
3 in 1 Account
Automated Trading
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Mobile trading app, Desktop trading application, Browser, APIs	DirectTrade, Axisdirect Web, Axisdirect Mobile
Intraday Square-off Time	Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing	3:15
Trading In SME Shares Allowed?
Referral Program
Other Features
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TradeSmart Vs AxisDirect Review

TradeSmart is rated of 5 based on 67 customer reviews whereas AxisDirect is rated of 5 based on 89 customer reviews.

	TradeSmart	AxisDirect
	67 Customer Reviews	89 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Rating
Broker Rating	TradeSmart is Rated 4.0 / 5 based on 67 customer reviews	AxisDirect is Rated 2.0 / 5 based on 89 customer reviews

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TradeSmart Vs AxisDirect Investment Options

	TradeSmart	AxisDirect
Stock / Equity
Commodity
IPO
Mutual Funds
Bond / NCD
Debt

TradeSmart Vs AxisDirect Order Type Offered

	TradeSmart	AxisDirect
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order (AMO)
Good Till Cancelled (GTC)
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TradeSmart Vs AxisDirect Suitable For Investor Type

	TradeSmart	AxisDirect
Casual Investor
Active Investor
Trader

TradeSmart Vs AxisDirect - Pros and Cons

	TradeSmart	AxisDirect
Pros	Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility. TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV. Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them. No minimum amount is needed to open or maintain a trading account with TSO. Customer service is available through live chat on its website. This is very convenient for many customers. TradeSmart has been in the stock broking industry since 1994. TSO's online knowledgebase has a lot of information which is helpful for most customers.	Free research reports Offers classroom sessions, webinars, Online Tutorials and Articles by Experts
Cons	Call and Trade is charged an extra Rs 20 per executed order. Physical contract notes Rs 20 per contract note + courier charges Intraday positions (MIS, CO & BO) squared off by the RMS team are charged at Rs 20. 24/7 customer service is not available. Doesn't provide daily market reports, free tips, news alerts and technical analysis. 3-in-1 accounts are not available as the company doesn't provide banking services.	Minimum Average Quarterly Balance(AQB) of Rs 75,000 in bank account is required. Rs 250 per month fee if minimum balance not maintained. Charges Rs 250 per month fee if you are not an axis bank customer. Install-able trading terminal cost at Rs 2999 per year which is mostly free by all discount brokers Higher commodity and currency trading brokerage. Call & Trade is charged Rs 20 extra per trade
Reviews	Useful Articles: Know more about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)
Promo / Offers	TradeSmart Special Offer Flat Rs 15 per trade (FREE Account Opening) Outstanding Support 29+ Years of expertise Advanced Order Types This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.	Zerodha (India's Best & No. 1 Broker)   Special Offer - Free Equity Delivery and Mutual Funds Brokerage-free equity delivery trades. Brokerage-free Direct Mutual Fund. Pay ₹20 per trade for Intraday & F&O. The best trading platform in India. Open Instant Demat Account Read Reviews
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