TradeSmartOnline vs HDFC Securities – Point by Point Comparison

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
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
Commodity 0.00% NA
Features 3-in-1 Account N Y
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 Securities Trading and Securities Processing
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 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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