TradeSmart Vs Fyers (Compare TradeSmart and Fyers)

TradeSmart Vs Fyers

Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India. Incorporated in 2015, Fyers is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 2 branches across India.

	TradeSmart	Fyers
Type of Broker	Discount Broker	Discount Broker
Exchnage Membership	BSE, NSE, MCX	BSE, NSE, MCX
Year of Incorporation	1994	2015
Number of Branches	1	2
	Open TradeSmart Account	Open Fyers Account

TradeSmart Vs Fyers Charges & AMC

TradeSmart trading account opening charges is Free while Fyers account opening changes is Rs 0 (Free). TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free) and Fyers Demat Account AMC Charges is Rs 0 (Free AMC for Lifetime).

	TradeSmart	Fyers
Trading Account Opening Charges	Free	Rs 0 (Free)
Trading Account AMC Charges	Rs 0	Rs 0 (Free AMC for Lifetime)
Demat Account Opening Charges	Free	Rs 0 (Free)
Demat Account AMC Charges	Rs 300 (1st Year Free)	Rs 0 (Free AMC for Lifetime)

TradeSmart Vs Fyers Brokerage

TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order whereas Fyers brokerage charges for equity is 0.03% or Rs 20, whichever is lower and intraday is 0.03% or Rs 20, whichever is lower.

Account Type	TradeSmart Power Plan	Fyers Flat Fee Brokerage Plan
Fixed Charges	NA	NA
Equity Delivery	Rs 15 per order	0.03% or Rs 20, whichever is lower
Equity Intraday	Rs 15 per order	0.03% or Rs 20, whichever is lower
Equity Futures	Rs 15 per order	0.03% or Rs 20, whichever is lower
Equity Options	Rs 15 per order	Rs 20 per executed order
Currency Futures	Rs 15 per order	0.03% or Rs 20, whichever is lower
Currency Options	Rs 15 per order	Rs 20 per executed order
Commodity Futures	Rs 15 per order	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 15 per order	Rs 20 per executed order
Special Offer	Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.	Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (Zero brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open FREE Demat Account online with Fyers and start trading today.

TradeSmart Vs Fyers Brokerage Plan 2

	TradeSmart	Fyers
Account Type	Value Plan	Flat Fee Brokerage Plan
Fixed Charges		NA
Equity Delivery	0.07%	0.03% or Rs 20, whichever is lower
Equity Intraday	0.007%	0.03% or Rs 20, whichever is lower
Equity Futures	0.007%	0.03% or Rs 20, whichever is lower
Equity Options	Rs 7 Per Lot	Rs 20 per executed order
Currency Futures	0.007%	0.03% or Rs 20, whichever is lower
Currency Options	Rs 7 Per Lot	Rs 20 per executed order
Commodity Futures	0.007%	0.03% or Rs 20, whichever is lower
Commodity Options	Rs 7 Per Lot	Rs 20 per executed order
	Open TradeSmart Account	Open Fyers Account

TradeSmart Charges Vs Fyers

Minimum Brokerage	Rs 15 per executed order	Intra-day: 0.03% or Rs 20, whichever is lower
Other Charges	Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order	Square-off by Fyers - Rs 50 per trade, NRI Brokerage: Rs 50 (equity delivery)
Call & Trade Charges	Rs 20 per executed order	Rs 50 per trade

TradeSmart Vs Fyers Transaction Charges

TradeSmart transaction charges for options is NSE Rs 7750 per Cr (0.0775%) | BSE Rs 4950 per Cr (0.0495%) (on premium) while Fyers exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

	TradeSmart	Fyers
Equity Delivery	NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (each side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (sell side)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures	NSE Rs 238 per Cr (0.00238%) | BSE Rs 500 per Cr (0.005%)	NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options	NSE Rs 7750 per Cr (0.0775%) | BSE Rs 4950 per Cr (0.0495%) (on premium)	NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures	NSE Rs 165 per Cr (0.00165%) | BSE Rs 165 per Cr (0.00165%)	NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options	NSE Rs 5500 per Cr (0.055%) | BSE Rs 400 per Cr (0.004%) (on premium)	NSE Rs 3500 per Cr (0.035%) (on premium)
Commodity	0.0039%	NA
	Open TradeSmart Account	Open Fyers Account

TradeSmart Vs Fyers Leverage (Margin)

TradeSmart margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Fyers margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

	TradeSmart	Fyers
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Up to 20% of trade value (5x leverage)	Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)
	Open TradeSmart Account	Open Fyers Account

Compare TradeSmart and Fyers Features

The trading platforms offered TradeSmart include Mobile trading app, Desktop trading application, Browser, APIs. Fyers offers Fyers App, Fyers Web, Fyers Next trading software.

	TradeSmart	Fyers
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Mobile trading app, Desktop trading application, Browser, APIs	Fyers App, Fyers Web, Fyers Next
Intraday Square-off Time	Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing	3:15 PM
Trading In SME Shares Allowed?
Referral Program
Other Features		API Trading, Algo Trading and Insta Options is available, which is designed for options traders.
	Open TradeSmart Account	Open Fyers Account

TradeSmart Vs Fyers Review

TradeSmart is rated 4.0 of 5 based on 67 customer reviews whereas Fyers is rated 2.9 of 5 based on 37 customer reviews.

	TradeSmart	Fyers
	67 Customer Reviews	37 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	TradeSmart is rated 4.0 of 5 based on 67 customer reviews	Fyers is rated 2.9 of 5 based on 37 customer reviews

Contact Broker / Request A Call Back

TradeSmart Vs Fyers Investment Options

	TradeSmart	Fyers
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options

TradeSmart Vs Fyers Order Type Offered

	TradeSmart	Fyers
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
	Open TradeSmart Account	Open Fyers Account

TradeSmart Vs Fyers Research Report

	TradeSmart	Fyers
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

TradeSmart Vs Fyers Suitable For Investor Type

	TradeSmart	Fyers
Casual Investor
Active Investor
Trader

TradeSmart Vs Fyers - Pros and Cons

	TradeSmart	Fyers
Pros	Unlike most of the discount brokers; TradeSmart offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility. TSO offers to invest in Mutual Funds, Bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV. Excellent referral benefits are available. The customer receives 10% credit of the brokerage generated by the clients referred by them. No minimum amount is needed to open or maintain a trading account with TSO. Customer service is available through live chat on its website. This is very convenient for many customers. TradeSmart has been in the stock broking industry since 1994. TSO's online knowledgebase has a lot of information which is helpful for most customers.	Free equity delivery trades and thematic investments. No brokerage for this segment. Very low brokerage charges of maximum Rs 20 per trade. Free account opening. No software charges. State of art trading platforms. Thematic investment is available Refer your friends and earn 20% of the revenues generated by your friends, for life!
Cons	Call and Trade is charged an extra Rs 20 per executed order. Physical contract notes Rs 20 per contract note + courier charges Intraday positions (MIS, CO & BO) squared off by the RMS team are charged at Rs 20. 24/7 customer service is not available. Doesn't provide daily market reports, free tips, news alerts and technical analysis. 3-in-1 accounts are not available as the company doesn't provide banking services.	Depository services are offered through another company (IL&FS). Higher demat charges.
Reviews	Useful Articles: Know more about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)
Promo / Offers	TradeSmart Special Offer Flat Rs 15 per trade (FREE Account Opening) Flat Rs 15 per trade across all segments + Get Margin against your shares + API for Algo Trading. This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.	Fyers Special Offer Free Equity Delivery Trading and Mutual Funds Brokerage-free Equity Delivery. Flat Rs 20 per trade for Intraday & F&O. Brokerage-free Direct Mutual Fund investment. Trade with one of the best trading platforms in India. This is a limited-time offer. Open FREE Fyers Account online and start trading today.
	Open TradeSmart Account	Open Fyers Account