IIFL Vs TradeSmartOnline : Side By Side Comparison

In this page, I am providing side by side comparison of IIFL Vs TradeSmartOnline.

While India Infoline (IIFL) is a full service broker, TradeSmartOnline comes under Discount Broker category. Hence IIFL offer multiple services and the brokerage is also high. TradeSmart offers limited services but charges flat brokerage charges.

There are lot of difference between these two brokers.

I have equated both these brokers based on Company overview, Account related charges, Brokerage Charges, Transaction charges, Exposure provided, other features, Investment services, Customer service , Research/recommendations and promotion offer on account opening if any.

However, if you already have account with any of these brokers, kindly share your experience with me and fellow readers through comments.

Here is the comparison of IIFL Vs TradeSmartOnline:

Parameters	IIFL	Trade Smart Online
Review	IIFL Review	Trade Smart Online Review
Type of Broker	Full Service Broker	Discount Broker
Incorporation Year	1995	1994
Supported Exchanges	NSE, BSE, MCX-SX , MCX and NCD-EX	NSE, BSE, MCX-SX , MCX and NCDEX
Account Related Charges
Trading Account Opening Fees	Rs 750	Rs 200
Trading Account AMC	Rs 0	Rs 0
Demat Account Opening Fees	Rs 555	Rs 200
Demat Account AMC	Rs 300	Rs 300
Brokerage Charges
Equity Delivery Brokerage	0.5%	Rs 15 per executed order or 0.07% based on the plan selected
Equity Intraday Brokerage	0.05%	Rs 15 per executed order or 0.007% based on the plan selected
Equity Futures Brokerage	0.05%	Rs 15 per executed order or 0.007% based on the plan selected
Equity Options Brokerage	Rs 100/lot or 1% of premium which ever is higher	Rs 15 per executed order or Rs7 based on the plan selected
Currency Futures Trading Brokerage	0.05%	Rs 15 per executed order or 0.007% based on the plan selected
Currency Options Trading Brokerage	Rs 100/lot or 1% of premium which ever is higher	Rs 15 per executed order or 0.007% based on the plan selected
Commodity Trading Brokerage	0.03%	Rs 15 per executed order or 0.007% based on the plan selected
Minimum Brokerage Charges	5 paisa per share	NIL
Monthly Unlimited Plans
Brokerage Calculator	IIFL Brokerage Calculator	TradeSmartOnline Brokerage Calculator
Transaction Charges
Equity Delivery	0.0035%	0.0035%
Equity Intraday	0.0035%	0.0035%
Equity Futures	0.0021%	0.0024%
Equity Options	0.051% (On Premium)	0.0715% (On Premium)
Currency Futures	0.0021%	0.00165%
Currency Options	0.051% (On Premium)	0.06% (On Premium)
Commodity	0.028%	0.0039%
Exposure
Equity	Upto 20 times Intraday and 3 times for Delivery	Upto 30 times
Equity Futures	3 times for Intraday	Upto 5 times
Equity Options	Buying No leverage and Shorting upto 3 times	Upto 5 times
Currency Futures	2 times for Intraday	Upto 3 times intraday
Currency Options	Buying No leverage and Shorting upto 2 times	Upto 3 times intraday
Commodities	Upto 2 times intraday	Upto 5 times intraday
Features
3 in 1 Account
Mobile Trading
Charting
Automated Trading
After Trading Hour Orders
SMS Alerts
Margin Funding
Trading Platform	Trader Terminal (TT), Market App, Trader web	NOW, NEST, SPIN
Investment Services
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Customer Service Channels
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Support Through Branches
Relationship Managers
Research Reports/Tips/Recommendations
Daily Market Report
Tips/Recommendations
Quarterly Result Analysis
News Alerts
Robo Advisory
Promotional Offers
	Zero Account Opening Charges Zero AMC for First Year	Zero Account Opening Charges

And if you are interested in checking the details these two brokers with few more stock brokers, see the below tables.

Point By Point Comparison of IIFL with other Brokers:

Point By Point Comparison of TradeSmartOnline with other Brokers:

Visit comparison of stock brokers in India page to compare two brokers side by side.