TradeSmartOnline vs Fyers – Point by Point Comparison

Comparing the two discount brokers, TradeSmartOnline and Fyers, it is evident that Fyers offers a great platform with various unique tools. Both brokers operated out of single location and provide competitive pricing. TradeSmartOnline offer three types of pricing whereas Fyers offer pricing that are capped at Rs. 100 per trade.

    Trade Smart Online FYERS
Basic Information Type of Broker Discount Broker Discount Broker
  Exchanges BSE, NSE, MCX, NCDEX NSE
  Fees for Opening Trading Account Rs. 200 NIL
  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 400
Brokerage Charges Equity Delivery Charges Rs. 15 0.1% or Max Rs 100 (Whichever is lower)
  Equity Intraday Charges Rs. 15 0.01% or Max Rs 100 (Whichever is lower)
  Equity Future Charges Rs. 15 0.01% or Max Rs 100 (Whichever is lower)
  Equity Options Charges Rs. 15 Rs 10 per lot or Max 100 (Whichever is lower)
  Currency Futures Charges Rs. 15 0.01% or Max Rs 100 (Whichever is lower)
  Currency Options Charges Rs. 15 Rs 10 per lot or Max 100 (Whichever is lower)
  Commodity Charges Rs. 15 NA
  Minimum Brokerage Charges Rs. 15 NA
Transaction Charges Equity Delivery 0.00% As Applicable
  Equity Intraday 0.00% As Applicable
  Equity Futures 0.00% As Applicable
  Equity Options 0.0715% on Premium As Applicable
  Currency Futures 0.00% As Applicable
  Currency Options 0.0600% on Premium As Applicable
  Commodity 0.00% As Applicable
Features 3-in-1 Account N N
  Mobile Trading Y Y
  Acceptance of Orders After Trading Hours Y Y
  SMS Alerts N N
  Online Demo Y Y
  Online Portfolio N Y
  Trading Platform NEST, NOW Fyers One, Fyers Webtrader, Fyers Markets
Investment Services Stock/ Equity Y Y
  Commodity Y N
  Currency Y Y
  IPO (Initial Public Offers) N Y
  Mutual Funds Y Y
  Debt N N
  Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
  Email Y Y
  Phone Y Y
  Online Live Chat Y N
  Branch Support N N
Reports Daily  Market Report N N
  Quarterly Analysis of Results N N

 

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