Sharekhan was incorporated in the year 2000 and has managed to become the third largest stock broker in India. It offers brokerage services amongst other facilities.
Trade Smart Online is a Mumbai based stock broker which is a part of the well known VNS Finance and Capital Services limited. It offers discount brokerage along with other services that include services in stock, commodity and currency Trading.
While Sharekhan is a Full Service Broker, smart online is a Discount Broker. Sharekhan trades in BSE, NSE, MCX, NCDEX and NSEL and the latter trades in BSE, NSE, MCX and NCDEX. The account type offered by Sharekhan is classic account and Smart Online offers a power plan.
The trading account charges are Rs. 750 in case of Sharekhan and Rs. 200 in case of 200 in Smart Online. While for the trading account AMC both of them charge nothing.
As far as the brokerages are concerned, Sharekhan has 0.50% equity delivery brokerage and Smart Online has Rs. 15 for the same. The equity intraday brokerage is 0.105 in Sharekhan and Rs. 15 in Trade Smart Online.
Both of them do not offer the facility of a 3-in-1 account. And the automated trading facility is available only with Trade Smart Online.
|Trade Smart Online||ShareKhan|
|Basic Information||Type of Broker||Discount Broker||Full Service Broker|
|Exchanges||BSE, NSE, MCX, NCDEX||BSE, NSE, MCX, NSEL & NCDEX|
|Fees for Opening Trading Account||Rs. 200||Rs. 750|
|Annual Maintenance Charges of Trading Account||Nil||Rs. 450|
|Fees for Opening Demat Account||Rs. 200||Nil|
|Annual Maintenance Charges of Demat Account||Rs. 300||Rs. 400|
|Brokerage Charges||Equity Delivery Charges||Rs. 15||0.50%|
|Equity Intraday Charges||Rs. 15||0.10%|
|Equity Future Charges||Rs. 15||0.10%|
|Equity Options Charges||Rs. 15||Rs. 100 per lot or 2.5% on premium, whichever is higher|
|Currency Futures Charges||Rs. 15||0.10%|
|Currency Options Charges||Rs. 15||Rs. 100 per lot or 2.5% on premium, whichever is higher|
|Commodity Charges||Rs. 15||0.10%|
|Minimum Brokerage Charges||Rs. 15||Rs. 0.10 per share|
|Transaction Charges||Equity Delivery||0.00%||0.1% from both sides|
|Equity Futures||0.00%||0.17% from selling side|
|Equity Options||0.0715% on Premium||0.017% on premium from selling side|
|Currency Futures||0.00%||0.17% from selling side|
|Currency Options||0.0600% on Premium||0.017% on premium from selling side|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||NEST, NOW||Trade Tiger|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||N||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||Y||Y|
|Reports||Daily Market Report||N||Y|
|Quarterly Analysis of Results||N||Y|