Trade Smart Online vs Geojit BNP Paribas – Point by Point Comparison

While comparing two brokering firms, one has to have a very close observation on certain factors that are suitable for the working of the online share trade transactions. There are certain things that one has to keep a look on that may matter in the functioning of the firm. Considering the very first point of difference between the two firms is the type of brokering services they have. Trade Smart Online is a discount broker whereas Geojit BNP Paribus is a full service broker.

Considering the other very essential factor of differentiation is the amount of brokerage charges the firms ask for. Trade Smart Online charges Rs. 15 for every trade whereas Geojit BNP Paribus charges Re.0.01 per share or Rs. 20 per contract whichever is higher. This factor matters a lot as this is a point that affects the income you get out of the trading activities.

Coming to a final factor that is equally important is the trading platform used by the firms. Trade Smart Online uses the NEST platform for functioning whereas Geojit BNP Paribus uses Flip Platinum platform for the working of the firm. All such things affect the decision that is taken to choose the right firm for managing the activities.

Trade Smart Online Geojit BNP Paribas
Basic Information Type of Broker Discount Broker Full Service Broker
Fees for Opening Trading Account Rs. 200 Rs. 800
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 200 Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 350
Brokerage Charges Equity Delivery Charges Rs. 15 0.30%
Equity Intraday Charges Rs. 15 0.03%
Equity Future Charges Rs. 15 0.03%
Equity Options Charges Rs. 15 Rs. 75 per lot
Currency Futures Charges Rs. 15 Rs. 10 to Rs. 15 (vary as per contract)
Currency Options Charges Rs. 15 Rs. 10 to Rs. 15 (vary as per contract)
Commodity Charges Rs. 15 NA
Minimum Brokerage Charges Rs. 15 Re. 0.01 per share or Rs. 20 per contract, whichever is higher
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.0715% on Premium 0.055% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.0600% on Premium 0.0473% on Premium
Commodity 0.00% NA
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform NEST, NOW Flip Platinum
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds Y Y
Debt N Y
Bond/ NCD Y NA
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat Y N
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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