TradeSmart Vs Upstox (Compare TradeSmart and Upstox)

TradeSmart Vs Upstox

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India.

	TradeSmart	Upstox
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	1994	2012
Number of Branches	1	4
	Open TradeSmart Account	Open Upstox Account

TradeSmart Vs Upstox Charges & AMC

TradeSmart trading account opening charges is Free while Upstox account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free) and Upstox Demat Account AMC Charges is Rs 150.

	TradeSmart	Upstox
Trading Account Opening Charges	Free	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free)
Demat Account Opening Charges	Free	Rs 0 (Free)
Demat Account AMC Charges	Rs 300 (1st Year Free)	Rs 150

TradeSmart Vs Upstox Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Upstox brokerage charges for equity is Rs 20 per executed order or 2.5% whichever is low and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type	TradeSmart Power Plan	Upstox Default
Fixed Charges	NA	NA
Equity Delivery	Rs 15 per order	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	Rs 15 per order	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	Rs 15 per order	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 15 per order	Rs 20 per executed order
Currency Futures	Rs 15 per order	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 15 per order	Rs 20 per executed order
Commodity Futures	Rs 15 per order	Rs 20 per executed order or 0.05% 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: Pay flat Rs 20 per trade for delivery, Intra-day and F&O. Open Instant Account and start trading today.

TradeSmart Vs Upstox Brokerage Plan 2

	TradeSmart	Upstox
Account Type	Value Plan	Default
Fixed Charges	NA	NA
Equity Delivery	0.07%	Rs 20 per executed order or 2.5% whichever is low
Equity Intraday	0.007%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures	0.007%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options	Rs 7 Per Lot	Rs 20 per executed order
Currency Futures	0.007%	Rs 20 per executed order or 0.05% whichever is lower
Currency Options	Rs 7 Per Lot	Rs 20 per executed order
Commodity Futures	0.007%	Rs 20 per executed order or 0.05% whichever is lower
Commodity Options	Rs 7 Per Lot	Rs 20 per executed order
	Open TradeSmart Account	Open Upstox Account

TradeSmart Charges Vs Upstox

Minimum Brokerage	Rs 15 per executed order	0.05%
Other Charges	Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order	Auto Square-off Charges: Rs 50
Call & Trade Charges	Rs 20 per executed order	Rs 20 per trade
	Open TradeSmart Account	Open Upstox Account

TradeSmart Vs Upstox Leverage (Margin)

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

	TradeSmart	Upstox
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 Upstox Account

Compare TradeSmart and Upstox Features

The trading platforms offered TradeSmart include Mobile trading app, Desktop trading application, Browser, APIs. Upstox offers Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola trading software.

	TradeSmart	Upstox
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	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time	Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing	3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features		Option strategy builder
	Open TradeSmart Account	Open Upstox Account

TradeSmart Vs Upstox Review

TradeSmart is rated of 5 based on 67 customer reviews whereas Upstox is rated of 5 based on 149 customer reviews.

	TradeSmart	Upstox
	67 Customer Reviews	149 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	Upstox is Rated 2.4 / 5 based on 149 customer reviews

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TradeSmart Vs Upstox Investment Options

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

TradeSmart Vs Upstox Order Type Offered

	TradeSmart	Upstox
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 Upstox Account

TradeSmart Vs Upstox Suitable For Investor Type

	TradeSmart	Upstox
Casual Investor
Active Investor
Trader

TradeSmart Vs Upstox - Pros and Cons

	TradeSmart	Upstox
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 account opening fee. Zero brokerage for Mutual Fund investment. Flat Rs 20 per trade brokerage for all other segments including equity delivery. Offer direct mutual funds. One app for trading in equity, currency, and commodity. Margin Trading Facility (MTF) is available at interest rate of Rs 20/day for slabs of Rs 40,000. Margin Against Share is available Online IPO, FPO, Bonds, and NCD's are available. Good-Till-Triggered (GTT) orders are available.
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.	Equity delivery brokerage fee is Rs 20 per trade. Other brokers like Zerodha offers brokerage-free equity delivery trades. Doesn't offer unlimited trading plans. Doesn't offer margin funding for delivery trades. Doesn't offer stock tips or recommendations. Doesn't offer a 3-in-1 account. Doesn't offer 24/7 customer support. Doesn't offer API access for automated trading. Doesn't offer NRI Trading and Demat account. Doesn't offer BTST Doesn't offer digital gold. Call-and-trade fee is Rs 20 per executed order extra. Automatic settlement charges an additional Rs 50 per executed order. Higher Demat Debit Transaction charges (Rs 18.5 per ISIN). Zerodha charges Rs 13.5. Intraday square-off at 3 PM. Most other brokers do it at 3:15 PM.
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.	Upstox Special Offer Exclusive offer by Upstox Pay flat Rs 20 for Eq Delivery, Intra-day and F&O Trades. Pay Rs 0 commission for Mutual Funds. It is a limited-time offer. Open Instant Account and start trading the same day.
	Open TradeSmart Account	Open Upstox Account