India Infoline vs TradeSmartOnline – Point by Point Comparison

Before starting with the online share trading, it is important to choose the broker through which you wish to get all the transactions done. While comparing the two major online share trading firms, India-Infoline and Trade smart online, there has been a considerable difference between the two which makes these completely different from each other.

The very first difference between the two is the type of broker where India-Infoline is a full service broker whereas Trade smart online is a discount broker. Further talking about the requirements, both the firms require opening a trading account. That is India-Infoline requires Rs. 750 and Trade smart online requires Rs. 200. Further focusing on the brokerage charges, India-Infoline provides 0.50% and Trade smart online asks for Rs. 15 per trade.

Comparing further more important features of both the firms, the result shows a very balanced equation between the two firms. Both, India-Infoline and Trade smart online have mobile trading facility to provide the customers the ease in operation and both give a certain online demonstration for the operation. Both the firms provide almost equal investment services like equity, Initial Public Offers (IPO), etc. Hence, it can be said that both stand at an equal position.

    India Infoline TradeSmartOnline
Basic Information Type of Broker Full Service Broker Discount Broker
Fees for Opening Trading Account Rs. 750 Rs. 200
Annual Maintenance Charges of Trading Account NA Nil
Fees for Opening Demat Account Rs. 555 Rs. 200
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% Rs. 15
Equity Intraday Charges 0.05% Rs. 15
Equity Future Charges 0.05% Rs. 15
Equity Options Charges Rs. 100 per lot or 1% on premium, whichever is higher Rs. 15
Currency Futures Charges 0.05% Rs. 15
Currency Options Charges Rs. 100 per lot or 1% on premium, whichever is higher Rs. 15
Commodity Charges 0.05% Rs. 15
Minimum Brokerage Charges Rs. 0.05 per share 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 0.00% 0.00%
Currency Options 0.051% on Premium 0.0600% on Premium
Commodity 0.00% 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours NA Y
SMS Alerts Y N
Online Demo Y Y
Online Portfolio Y N
Trading Platform Trader Terminal NEST, NOW
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y N
Mutual Funds Y Y
Debt Y N
Bond/ NCD NA 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

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