TradeSmart Vs INDmoney (Compare TradeSmart and INDmoney)

TradeSmart Vs INDmoney

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2019, INDmoney is a Discount Broker. It offers trading at BSE, NSE. It has 1 branches across India.

	TradeSmart	INDmoney
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE
Year of Incorporation	1994	2019
Number of Branches	1	1
	Open TradeSmart Account	Open INDmoney Account

TradeSmart Vs INDmoney Charges & AMC

TradeSmart trading account opening charges is Free while INDmoney account opening changes is Rs 0. TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free) and INDmoney Demat Account AMC Charges is Rs 0.

	TradeSmart	INDmoney
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 0

TradeSmart Vs INDmoney Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas INDmoney brokerage charges for equity is 0.05% of order value or Rs 20, whichever is lower and intraday is 0.05% of order value or Rs 20, whichever is lower.

Account Type	TradeSmart Power Plan	INDmoney Standard Plan
Fixed Charges	NA
Equity Delivery	Rs 15 per order	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	Rs 15 per order	0.05% of order value or Rs 20, whichever is lower
Equity Futures	Rs 15 per order	Rs 20 per executed order
Equity Options	Rs 15 per order	Rs 20 per executed order
Currency Futures	Rs 15 per order
Currency Options	Rs 15 per order
Commodity Futures	Rs 15 per order
Commodity Options	Rs 15 per 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 in the Indian market at a flat 20 per trade and 0 commission Mutual Funds. Get a 4X instant wallet boost with MTF at just 0.04% daily interest. Open a lifetime Free account now. Invest in Indian and US stocks from one app, starting at just Rs 100.

TradeSmart Vs INDmoney Brokerage Plan 2

	TradeSmart	INDmoney
Account Type	Value Plan	Standard Plan
Fixed Charges	NA
Equity Delivery	0.07%	0.05% of order value or Rs 20, whichever is lower
Equity Intraday	0.007%	0.05% of order value or Rs 20, whichever is lower
Equity Futures	0.007%	Rs 20 per executed order
Equity Options	Rs 7 Per Lot	Rs 20 per executed order
Currency Futures	0.007%
Currency Options	Rs 7 Per Lot
Commodity Futures	0.007%
Commodity Options	Rs 7 Per Lot
	Open TradeSmart Account	Open INDmoney Account

TradeSmart Charges Vs INDmoney

Minimum Brokerage	Rs 15 per executed order	Rs 2
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 500
	Open TradeSmart Account	Open INDmoney Account

TradeSmart Vs INDmoney Leverage (Margin)

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

	TradeSmart	INDmoney
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 INDmoney Account

Compare TradeSmart and INDmoney Features

The trading platforms offered TradeSmart include Mobile trading app, Desktop trading application, Browser, APIs. INDmoney offers INDmoney App, INDstocks App and INDmoney Web Platform trading software.

	TradeSmart	INDmoney
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	INDmoney App, INDstocks App and INDmoney Web Platform
Intraday Square-off Time	Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Trading In SME Shares Allowed?
Referral Program
Other Features
	Open TradeSmart Account	Open INDmoney Account

TradeSmart Vs INDmoney Review

TradeSmart is rated of 5 based on 67 customer reviews whereas INDmoney is rated of 5 based on 1 customer reviews.

	TradeSmart	INDmoney
	67 Customer Reviews	1 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	INDmoney is Rated 4.0 / 5 based on 1 customer reviews

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TradeSmart Vs INDmoney Investment Options

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

TradeSmart Vs INDmoney Order Type Offered

	TradeSmart	INDmoney
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 INDmoney Account

TradeSmart Vs INDmoney Suitable For Investor Type

	TradeSmart	INDmoney
Casual Investor
Active Investor
Trader

TradeSmart Vs INDmoney - Pros and Cons

	TradeSmart	INDmoney
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.	Zero-cost trading account opening. INDmoney AMC charges are Rs 0 (lifetime). Invest in Indian and US stocks from one app. Pledge & Unpledge: Rs 20 + GST per ISIN per request. INDmoney for US stocks: Direct Access (NSEIX) and Zero AMC and Withdrawal Charges. Mutual Fund: Invest in 1600+ Direct Plan Mutual Funds. Invest in NPS: Efficient Retirement Planning. Save up to Rs 62,400/- per year in taxes with NPS. Family Accounts: Manage All your Family Accounts.
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.	No Margin Trading Funding — Borrowed funds for leveraged trades are not available. No Currency or Commodity Trading — Limited to equity, mutual funds, and US stock segments. No 3-in-1 Account — Banking, demat, and trading are not linked together.
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.	INDmoney Special Offer Free stock trading and mutual funds Account Lifetime FREE Demat account AMC Brokerage free Mutual Fund investment Invest in Indian and US stocks from one app 4X instant wallet boost with MTF at just 0.04% interest per day Flat ₹20 brokerage per trade across all F&O segments Zero Fees on US stocks deposits and Withdrawals Track all finances and know your net worth Limited-time offer! Open your instant INDmoney account (FREE) online and start trading today.
	Open TradeSmart Account	Open INDmoney Account