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 INDmoney
Founded in 2019, INDmoney Private Limited is India's "Super Finance App" that helps you manage, plan and grow your money and all in one place. With INDmoney, you can track your entire family's finances, set savings goals and invest in various options like Indian stocks, US stocks, mutual funds, ETFs, fixed deposits, IPOs and more.
INDmoney is registered with SEBI as an investment advisor. INDmone...
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 NSE, BSE, MCX. It has 1 branches across India.
| TradeSmart | INDmoney | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | NSE, BSE, MCX |
| Year of Incorporation | 1994 | 2019 |
| Number of Branches | 1 | 1 |
| Open TradeSmart Account | Open INDmoney Account |
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 Brokerage Charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas INDmoney brokerage charges for equity is 0.1% or ₹20 per executed order, whichever is lower and Intraday is 0.1% or ₹20 per executed order, whichever is lower.
| Account Type | TradeSmart Power Plan | INDmoney Standard Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | Rs 15 per order | 0.1% or ₹20 per executed order, whichever is lower |
| Equity Intraday | Rs 15 per order | 0.1% or ₹20 per executed order, 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 | Rs 20 per executed order |
| Commodity Options | Rs 15 per order | Rs 20 per executed order |
| Special Offer | Special Offer: Free Account Opening (No charges)| Trade at Flat ₹15/order brokerage across segments (Intraday, Delivery, and F&O) Open Instant Account online with TradeSmart and start trading today. | Special Offer: Free A/c opening with no AMC| Trade at flat ₹20 per trade| ₹0 commission on Mutual FundsOpen a lifetime Free account now. |
| TradeSmart | INDmoney | |
|---|---|---|
| Account Type | Value Plan | Standard Plan |
| Fixed Charges | NA | |
| Equity Delivery | 0.07% | 0.1% or ₹20 per executed order, whichever is lower |
| Equity Intraday | 0.007% | 0.1% or ₹20 per executed order, 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% | Rs 20 per executed order |
| Commodity Options | Rs 7 Per Lot | Rs 20 per executed order |
| Open TradeSmart Account | Open INDmoney Account |
| 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 margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the INDmoney margin for intraday trading is up to 20% of the trade value (4x 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 |
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 | NPS, ETFs, Fixed Deposits, US Stock - Brokerage: 0.25% per trade | |
| Open TradeSmart Account | Open INDmoney Account |
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 | |
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| 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 |
| TradeSmart | INDmoney | |
|---|---|---|
| Contact Broker | Free Account Opening (No charges)| Trade at Flat ₹15/order brokerage across segments (Intraday, Delivery, and F&O) Open Instant Account online with TradeSmart and start trading today. | Free A/c opening with no AMC| Trade at flat ₹20 per trade| ₹0 commission on Mutual FundsOpen a lifetime Free account now. |
| TradeSmart | INDmoney | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| 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 | INDmoney | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| TradeSmart | INDmoney | |
|---|---|---|
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| Reviews | Useful Articles:
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| Promo / Offers | TradeSmart Special OfferSimple & Transparent Brokerage @ ₹15
This is a limited-time offer. Open Instant TradeSmart Account online and start trading today. | INDmoney Special OfferINDmoney — One App. Global Investing. Honest Pricing.
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| Open TradeSmart Account | Open INDmoney Account |
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