When we compare TradeSmartOnline and HDFC Securities for online share trading, we observe that the former is a discount broker whereas the latter is a 3-in-1 full service broker. TradeSmartOnline, as we notice, deals in companies listed in BSE, NSE, MCX and NCDEX. On the other hand, HDFC Securities deals in companies listed in BSE and NSE only. Also, when HDFC Securities charges a sum of Rs. 999 for opening a trading account, TradeSmartOnline charges a trifling Rs. 200 for opening a trading account and a similar amount for opening a Demat account.
When we look at the brokerage, TradeSmartOnline charges an amount of Rs. 15 for all varieties of transactions, as against HDFC Securities, the charges of which rather vary if we consider different categories under brokerage. The charges for equity delivery, equity intraday and equity future of HDFC Securities stand at 0.50%, while equity options will cost you Rs. 100. The company also charges Rs.25 per trade as its minimum brokerage.
Both the companies come up with outstanding features, including mobile trading, online demo and acceptance of orders after trading hours. However, one would also spot the shortcoming of TradeSmartOnline in providing a 3-in-1 account, SMS alerts and online portfolio. A quick look at the investment services provided by both the companies shows us that HDFC Securities lacks in services like commodity, while TradeSmartOnline disheartens customers when it comes to services like IPO (Initial Public Offers) and debt.
The customer support services provided by both the companies are commendable and both share a close connection with their respective customers through Email, phone and online live chat.
|Trade Smart Online||HDFC Securities|
|Basic Information||Type of Broker||Discount Broker||3-in-1 Full Service Broker|
|Exchanges||BSE, NSE, MCX, NCDEX||BSE, NSE|
|Fees for Opening Trading Account||Rs. 200||Rs. 999|
|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. 750|
|Brokerage Charges||Equity Delivery Charges||Rs. 15||0.50%|
|Equity Intraday Charges||Rs. 15||0.50%|
|Equity Future Charges||Rs. 15||0.05%|
|Equity Options Charges||Rs. 15||Rs. 100|
|Currency Futures Charges||Rs. 15||Rs. 23 per contract|
|Currency Options Charges||Rs. 15||Rs. 23 per contract|
|Commodity Charges||Rs. 15||NA|
|Minimum Brokerage Charges||Rs. 15||Rs. 25 per trade|
|Transaction Charges||Equity Delivery||0.00%||0.10%|
|Equity Intraday||0.00%||0.025% on sale transations|
|Equity Futures||0.00%||0.01% on sale transactions|
|Equity Options||0.0715% on Premium||0.017% on Premium|
|Currency Futures||0.00%||0.01% on sale transactions|
|Currency Options||0.0600% on Premium||0.017% on Premium|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||NEST, NOW||Securities Trading and Securities Processing|
|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|