Trade Smart Online vs ShareKhan – Point by Point Comparison

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 Intraday 0.00% 0.03%
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
Commodity 0.00% 0.00%
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 Trade Tiger
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds Y Y
Debt N Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat Y Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

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