About TradeSmart
TradeSmart is a Mumbai-based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmartFintech Securities Ltd, formerly registered as VNS Finance & Capital Services Ltd; is a traditional brokerage company incorporated in 1994 to offer brokerage services to Indian Stock, Commodity & Currency market investors and traders through franchisees and sub-brok... 
About Fyers
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments. FYERS word is an acronym for 'Focus Your Energy & Reform the Self', representing the core values of the company.
The company was founded by young entrepreneurs who believe in building the best trading platforms, being transparent and ...
Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.
| TradeSmart | Fyers | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 1994 | 2015 |
| Number of Branches | 1 | 2 |
| Open TradeSmart Account | Open Fyers Account |
TradeSmart trading account opening charges is Free while Fyers account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free) and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).
| TradeSmart | Fyers | |
|---|---|---|
| Trading Account Opening Charges | Free | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free AMC for Lifetime) |
| Demat Account Opening Charges | Free | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 300 (1st Year Free) | Rs 0 (Free AMC for Lifetime) |
TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower.
| Account Type | TradeSmart Power Plan | Fyers Flat Fee Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 15 per order | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | Rs 15 per order | 0.03% or Rs 20, whichever is lower |
| Equity Futures | Rs 15 per order | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 15 per order | Rs 20 per executed order |
| Currency Futures | Rs 15 per order | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 15 per order | Rs 20 per executed order |
| Commodity Futures | Rs 15 per order | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 15 per order | Rs 20 per executed order |
| 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. | Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. |
| TradeSmart | Fyers | |
|---|---|---|
| Account Type | Value Plan | Flat Fee Brokerage Plan |
| Fixed Charges | NA | NA |
| Equity Delivery | 0.07% | 0.03% or Rs 20, whichever is lower |
| Equity Intraday | 0.007% | 0.03% or Rs 20, whichever is lower |
| Equity Futures | 0.007% | 0.03% or Rs 20, whichever is lower |
| Equity Options | Rs 7 Per Lot | Rs 20 per executed order |
| Currency Futures | 0.007% | 0.03% or Rs 20, whichever is lower |
| Currency Options | Rs 7 Per Lot | Rs 20 per executed order |
| Commodity Futures | 0.007% | 0.03% or Rs 20, whichever is lower |
| Commodity Options | Rs 7 Per Lot | Rs 20 per executed order |
| Open TradeSmart Account | Open Fyers Account |
| Minimum Brokerage | Rs 15 per executed order | Intra-day: 0.03% or Rs 20, whichever is lower |
| Other Charges | Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order | Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery) |
| Call & Trade Charges | Rs 20 per executed order | Rs 50 per trade |
| Open TradeSmart Account | Open Fyers Account |
TradeSmart margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| TradeSmart | Fyers | |
|---|---|---|
| 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) |
| Open TradeSmart Account | Open Fyers Account |
The trading platforms offered TradeSmart include Mobile trading app, Desktop trading application, Browser, APIs. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.
| TradeSmart | Fyers | |
|---|---|---|
| 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 | Fyers App, Fyers Web, Fyers Next |
| Intraday Square-off Time | Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing | 3:15 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | API Trading, Algo Trading and Insta Options is available, which is designed for options traders. | |
| Open TradeSmart Account | Open Fyers Account |
TradeSmart is rated of 5 based on 67 customer reviews whereas Fyers is rated of 5 based on 38 customer reviews.
| TradeSmart | Fyers | |
|---|---|---|
67 Customer Reviews  | 38 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 | Fyers is Rated 3.0 / 5 based on 38 customer reviews |
| TradeSmart | Fyers | |
|---|---|---|
| Contact Broker | Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today. |
| TradeSmart | Fyers | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| TradeSmart | Fyers | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open TradeSmart Account | Open Fyers Account |
| TradeSmart | Fyers | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| TradeSmart | Fyers | |
|---|---|---|
| Pros |
|
|
| Cons |
|
|
| Reviews | Useful Articles:
| |
| Promo / Offers | TradeSmart Special OfferFlat Rs 15 per trade (FREE Account Opening)
This is a limited-time offer. Open Instant TradeSmart Account online and start trading today. | Fyers Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open FREE Fyers Account online and start trading today. |
| Open TradeSmart Account | Open Fyers Account |
Expand all
Open TradeSmart Account