IDBI Capital vs TradeSmartOnline – Point by Point Comparison

To compare these two firms let us first see the type of brokers offered by them. IDBI Capital offers Full service brokers, whereas TradeSmartOnline offers Discount Broker. The fee related to opening of a trading account is Rs 700 if one uses the services of IDBI Capital but for the same service TradeSmartOnline takes a charge of Rs 200. TradeSmartOnline takes a fee of Rs 200 for opening a demat account and on the other hand IDBI Capital takes no fee for the same. The brokerage charges such as equity delivery charges, equity intraday charges and equity future charges are same for TradeSmartOnline i.e. Rs 15, where these charges for IDBI Capital are 0.50%, 0.08% and 0.08% respectively. Features such as 3-in-1 account and online portfolios are being offered by IDBI Capital, but TradeSmartOnline does not offer these services. Investment services like IPO and debst are being offered by IDBI Capital but not by TradeSmartOnline. IDBI Capital also offers to its customers the feature of online live chat, and this service is not provided by TradeSmartOnline.

    IDBI Capital TradeSmartOnline
Basic Information Type of Broker Full Service Broker Discount Broker
Fees for Opening Trading Account Rs. 700 Rs. 200
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Rs. 200
Annual Maintenance Charges of Demat Account Rs. 350 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% Rs. 15
Equity Intraday Charges 0.08% Rs. 15
Equity Future Charges 0.08% Rs. 15
Equity Options Charges Rs. 100 per lot Rs. 15
Currency Futures Charges NA Rs. 15
Currency Options Charges NA Rs. 15
Commodity Charges NA Rs. 15
Minimum Brokerage Charges Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower Rs. 15
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.051% on Premium 0.0715% on Premium
Currency Futures NA 0.00%
Currency Options NA 0.0600% on Premium
Commodity NA 0.00%
Features 3-in-1 Account Y N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts NA N
Online Demo Y Y
Online Portfolio Y N
Trading Platform Power Pro NEST, NOW
Investment Services Stock/ Equity Y Y
Commodity N Y
Currency N Y
IPO (Initial Public Offers) Y N
Mutual Funds Y Y
Debt Y N
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals