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ProStocks vs TradeSmart (Compare ProStocks and TradeSmart)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between ProStocks vs TradeSmart, Below comparison of ProStocks vs TradeSmart highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of ProStocks vs TradeSmart is given below:

ProStocks TradeSmart
About The Brokers
ProStocks :

Prostocks is an online discount broker. They are well known for their unlimited monthly trading plan for Rs 899, a lifetime-free AMC demat account, and the lowest cost trading API. They also offer fla   >>> more

TradeSmart :

"Trade Smart Online makes its mark in the discount trading space by providing clients with multiple options, trading tools and fixed price plans for trading in equity   >>> more

Find More Information about the Broker :
ProStocks :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
TradeSmart :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
ProStocks :
 Discount Broker
TradeSmart :
 Discount Broker
Promo/offers
ProStocks :
Special Offer: Pay Rs 899 per month for unlimited trading or flat Rs 15 per Trade + Brokerage-Free Equity Delivery + Lifetime Free AMC Demat Account. Open FREE Instant Demat Account and start trading today.
TradeSmart :
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.
Advantage
ProStocks :
  • Rs 15 flat-fee trades.
  • Monthly & Yearly Unlimited Trading Plan to offer.
  • Own DP services.
  • Lowest call & Trade charges Rs.10 per trade. Delivery: Rs 25 per trade.
  • Instant paperless online account opening with AADHAR.
  • Zero Professional Clearing Members (PCM) Fee - Unlike all other flat fee brokers ProStocks do not charge PCM Fee.
  • Free trading software (mobile, desktop and website) for all customers.
  • Online IPO Application - You can apply for new IPOs (Initial Public Offerings) directly with a ProStocks account.
  • Zero Demat account AMC when you pay one time refundable deposit of Rs 1000
  • Referral Service - ProStocks offer 10% brokerage referral for customer referred by the client.
TradeSmart :
  •  Rs 15 flat-fee trades.
  •  Unlimited Trading Plan to offer.
  •  Own DP services
  •  Support Offer For Sale(OFS).
Disadvantage
ProStocks :
  • ProStocks doesn't offer 3-in-1 account as they do not offer banking services.
  • Opportunity to invest in Mutual Funds.
  • commodity trading facility is not available.
  • You will not get any research tips as there is no in-house team
  • Only BSE SME IPOs are allow. NSE SME IPOs are not available.
TradeSmart :
  •  No support for NRI trading.
  •  Does not facility to invest in IPO.
  •  Does not provide facility to invest in Mutual Funds, Bonds.
  •  No in-house research
Why This
ProStocks :
  • Various option on Brokerage Plans to select from depending on your trading requirements. You can Choose from
    • Flat Rs 15 per order
    • Monthly unlimited trading plans.
    • Yearly unlimited trading plans.
  • One of the most affordable calls & trading charges.
  • Give you the opportunity to earn through the referral program.
  • You need not to pay in case you are not trading in any month.
  • Even though Protock is the discount broker, you get option choosing from the various trading plan.
  • It provides you with DP service as well.
TradeSmart :
  •  Wide range of plans to select from depending on your trading requirements. Choose from
    •  Flat Rs 15 per order
    •  0.007% for intraday
    •  Monthly unlimited trading plans
  •  Pay when you use, if not trading in any month then no monthly charges.
  •  Provide one of the highest intraday exposures in the industry so you can have the freedom to make big decisions without having to worry about limited funds
  •  2 decades of Experience
  •  Trading tools like Span Calculator, Bracket Orders & Trailing Stop loss.
  •  Team of 100+ provide support over phone, email and chat to thousands of customers
  •  Can change brokerage plans, flexibility in changing brokerage plans.
  •  Lowest transaction charges i.e Turnover/Clearing charges.
  •  Own DP service.
Open Account Open Account

ProStocks vs TradeSmart Account Opening & AMC Charges

ProStocks Trading Account Opening Fee is Rs 0 and TradeSmart Trading Account Opening Fee is Rs 200 . ProStocks Demat Account AMC is Rs 0 (Lifetime Zero AMC) and TradeSmart Demat Account AMC is Rs 300 .

ProStocks TradeSmart
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0

Trading Account Opening Fee :

Rs 200

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee :

Rs 200

Demat Account AMC Demat Account AMC :

Rs 0 (Lifetime Zero AMC)

Demat Account AMC :

Rs 300

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Rs 0

Open Account Open Account

ProStocks vs TradeSmart Brokerage Charges

ProStocks Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 15 per executed order and Equity Options is Rs 15 per executed order . TradeSmart Brokerage Charges Equity Delivery is Rs 15 per order and Equity Intraday is Rs 15 per order and Equity Options is Rs 15 per order .

ProStocks TradeSmart
Plan Name Plan Name :

Monthly Unlimited Trading Plan

Plan Name :

Flat Fee Plan
(₹15 per executed order)

Plan Name :

Power Plan (₹15/Order)

Plan Name :

Value Plan

Equity Delivery Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 15 per order

Equity Delivery :

0.07%

Equity Intraday Equity Intraday :

Rs 0 (Free)

Equity Intraday :

Rs 15 per executed order

Equity Intraday :

Rs 15 per order

Equity Intraday :

0.007%

Equity Future Equity Future :

Rs 0 (Free)

Equity Future :

Rs 15 per executed order

Equity Future :

Rs 15 per order

Equity Future :

0.007%

Equity Options Equity Options :

Rs 0 (Free)

Equity Options :

Rs 15 per executed order

Equity Options :

Rs 15 per order

Equity Options :

Rs 7 Per Lot

Currency Futures Currency Futures :

Rs 0 (Free)

Currency Futures :

Rs 15 per executed order

Currency Futures :

Rs 15 per order

Currency Futures :

0.007%

Currency Options Currency Options :

Rs 0 (Free)

Currency Options :

Rs 15 per executed order

Currency Options :

Rs 15 per order

Currency Options :

Rs 7 Per Lot

Monthly Fee Monthly Fee :

Equity :₹899/month, Currency : ₹499/month

Monthly Fee :

NA

Monthly Fee :

NA

Monthly Fee :

NA

Margin Trading Margin Trading :

NA

Margin Trading :

NA

Margin Trading : - Margin Trading : -
Commodity Futures Commodity Futures :

NA

Commodity Futures :

NA

Commodity Futures :

Rs 15 per order

Commodity Futures :

0.007%

Commodity Options Commodity Options :

NA

Commodity Options :

NA

Commodity Options :

Rs 15 per order

Commodity Options :

Rs 7 Per Lot

Open Account Open Account

ProStocks vs TradeSmart Exchange Transaction Charges

ProStocks Exchange Transaction Charges Equity Future is NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%) and Equity Options is NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium) . TradeSmart Exchange Transaction Charges Equity Future is 0.0024% and Equity Options is 0.0715% .

ProStocks TradeSmart
Equity Delivery Equity Delivery :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Delivery :

0.0035%

Equity Intraday Equity Intraday :

NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Intraday :

0.0035%

Equity Future * Equity Future :

NSE Rs 200 per Cr (0.002%) | BSE Rs 50 per Cr (0.0005%)

Equity Future :

0.0024%

Equity Options * Equity Options :

NSE Rs 5300 per Cr (0.053%) | NSE Rs 2500 per Cr (0.025%) (on premium)

Equity Options :

0.0715%

Currency Futures * Currency Futures :

NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)

Currency Futures :

0.00165%

Currency Options Currency Options :

NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)

Currency Options :

0.06%

Commodity Commodity : - Commodity :

0.0039%

Open Account Open Account

ProStocks vs TradeSmart Other Charges

ProStocks Minimum Brokerage is Rs 0 and Call & Trade is Rs 0 (Free) . TradeSmart Minimum Brokerage is Rs 15 per executed order and Call & Trade is Rs 20 per executed order .

ProStocks TradeSmart
Minimum Brokerage Minimum Brokerage :

Rs 0

Minimum Brokerage :

Rs 15 per executed order

Call & Trade Call & Trade :

Rs 0 (Free)

Call & Trade :

Rs 20 per executed order

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

₹20 per scrip for equity delivery trade+18% GST

DP Charges (on sell side) :

Rs 15 per scrip

Other Miscellaneous Charges Other Miscellaneous Charges : - Other Miscellaneous Charges :

Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order

Open Account Open Account

ProStocks vs TradeSmart Features

ProStocks and TradeSmart both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

ProStocks TradeSmart
Trading Platform Trading Platform :

ProStocks Star Mobile, ProStocks Star Web, ProStocks Star API

Trading Platform :

NEST, NOW, Spin

Placing orders through charts Placing orders through charts :

Yes

Placing orders through charts :

Yes

Trading Alerts Trading Alerts :

Yes

Trading Alerts :

Yes

Research and Advice / Trading Tips Research and Advice / Trading Tips :

NA

Research and Advice / Trading Tips :

No

Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

Yes

Unique features & Offers Unique features & Offers : - Unique features & Offers : -
Referral Program Referral Program :

1

Referral Program :

1

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

Yes

Open Account Open Account

ProStocks vs TradeSmart Demat Account Charges

A comparative table of various demat account charges between ProStocks and TradeSmart is below:

ProStocks TradeSmart
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL

Account Opening Fee Account Opening Fee :

Nil

Account Opening Fee :

Rs 500

Advance Deposit Advance Deposit :

Lifetime Zero AMC Scheme - Rs 1000 onetime refundable deposit

Advance Deposit :

Nil

AMC AMC :

Nil

AMC :

  1. Individual Account: Rs 300 per year
  2. Corporate Account: Rs 800 per year

Dematerialisation Charges Dematerialisation Charges :

Rs 50 per set up + Rs 50 courier charges

Dematerialisation Charges :

Rs 500 per certificate per market lot of 100 shares or less and minimum Rs 500 per request./p>

Rematerialisation Charges Rematerialisation Charges :

Rs 50 per set up + Rs 50 courier charges

Rematerialisation Charges :

Rs 500 per certificate per market lot of 100 shares or less and minimum Rs 500 per request./p>

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

Rs 8 + Rs 5.50 (CDSL charges) per ISIN

Transaction Charges (debit) :

Rs 25 minimum or 0.02% which ever is higher. In case of BSDA Rs 50 or 0.02% whichever is higher.

Pledge Creation Charges Pledge Creation Charges :

Rs 50 per set up

Pledge Creation Charges :

Rs 200 per scrip

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

Nil

Pledge Creation Confirmation Charges :

Nil

Pledge Invocation Charges Pledge Invocation Charges :

Rs 50 per set up

Pledge Invocation Charges :

Rs 200 minimum or 0.01% which ever is higher

Failed Instruction Charges Failed Instruction Charges :

Failed transactions Rs 50 per ISIN

Failed Instruction Charges :

Nil

Other Charges Other Charges : - Other Charges :

  • Late instruction: 0.1% scrip value
  • Physical contract note / other statements etc:Rs 20 per contract note + Courier Charges
  • Physical transaction statement: Rs 50 per BO statement plus courier charges
  • Cheque dishonour charges: Rs 200 per instance
  • Offmarket transfer (DP): Rs 25 plus service tax
  • Inter DP transfer: Rs 25 plus service tax
  • KRA Modification: Rs 35 plus service tax

Open Account Open Account

ProStocks vs TradeSmart Basic Details

ProStocks Year of Incorporation is 2016 and Total Number of Clients is 5646 and Total Number of Branches is 1 . TradeSmart Year of Incorporation is 1994 and Total Number of Clients is 44826 and Total Number of Branches is 1 .

ProStocks TradeSmart
Year of Incorporation Year of Incorporation :

2016

Year of Incorporation :

1994

Active Exchange Memberships Active Exchange Memberships :

BSE, NSE

Active Exchange Memberships :

BSE, NSE, MCX

Demat Services Demat Services :

No

Demat Services :

No

Website Website : www.prostocks.com Website : https://tradesmartonline.in/
Contact Details Contact Details :

+91 22 62 43 43 43

Contact Details :

022 61208000

Total Number of Clients Total Number of Clients :

5,646

Total Number of Clients :

44,826

Total Number of Branches Total Number of Branches :

1

Total Number of Branches :

1

Products * Products :

ProStocks Mobile,Web & Desktop. BSE Best

Products : -
Open Account Open Account

ProStocks vs TradeSmart Orders

Orders

ProStocks TradeSmart
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

Yes

Bracket orders / One Cancels Other (BO / OCO) :

Yes

After Market Orders (AMO) After Market Orders (AMO) :

Yes

After Market Orders (AMO) :

Yes

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

No

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

No

Sell Today Buy Tomorrow (STBT) :

No

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

Yes

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

ProStocks vs TradeSmart Research and Advice / Trading Tips

Research and Advice / Trading Tips

ProStocks TradeSmart
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

No

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

No

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

No

Comparison * Comparison :

No

Comparison :

No

Free Tips * Free Tips :

No

Free Tips :

No

Daily Market report * Daily Market report :

No

Daily Market report :

No

ETF research * ETF research :

No

ETF research :

No

Quarterly Results * Quarterly Results :

No

Quarterly Results :

No

Open Account Open Account

ProStocks vs TradeSmart Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

ProStocks TradeSmart
Availability for franchisee / AP Availability for franchisee / AP :

NA

Availability for franchisee / AP : -
Investment required for Franchisee / AP Investment required for Franchisee / AP :

NA

Investment required for Franchisee / AP : -
Open Account Open Account

ProStocks vs TradeSmart Product & Services

ProStocks and TradeSmart both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

ProStocks TradeSmart
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

No

Margin Trading :

No

Call in Trade * Call in Trade :

Yes

Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

No

Limit Order :

No

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

Yes

NRI Services :

No

SMS Alerts * SMS Alerts :

No

SMS Alerts :

No

Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan :

Yes

IPO Investment * IPO Investment :

Yes

IPO Investment :

No

Portfolio Analysis * Portfolio Analysis :

No

Portfolio Analysis :

No

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator :

Yes

Margin Calculator * Margin Calculator :

Yes

Margin Calculator :

No

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

No

Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading :

Yes

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

Yes

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

No

Market Trading :

No

Monthly & Yearly Plan * Monthly & Yearly Plan :

Yes

Monthly & Yearly Plan :

Yes

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

No

Open Account Open Account

ProStocks vs TradeSmart Customer Services

ProStocks and TradeSmart both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

ProStocks TradeSmart
Toll Free Number * Toll Free Number :

No

Toll Free Number :

No

Live Chat Facility * Live Chat Facility :

No

Live Chat Facility :

Yes

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

No

Branch Offices :

No

Customer Care * Customer Care :

Yes

Customer Care :

No

Community Service * Community Service :

No

Community Service :

No

Relationship Manager * Relationship Manager :

No

Relationship Manager : -
24/7 Support * 24/7 Support : - 24/7 Support :

No

Open Account Open Account

ProStocks vs TradeSmart Other Investement

ProStocks and TradeSmart both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

ProStocks TradeSmart
Commodity Trading * Commodity Trading :

No

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

No

Investment in Mutual Funds :

No

Investment in Bonds * Investment in Bonds :

No

Investment in Bonds :

No

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

No

Investment in Corporate Debt instruments :

No

Insurance Services * Insurance Services :

No

Insurance Services :

No

Banking Services * Banking Services :

No

Banking Services :

No

Open Account Open Account

ProStocks vs TradeSmart Trading Platform

ProStocks and TradeSmart both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

ProStocks TradeSmart
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

Yes

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

Yes

I-Pad App :

No

Virtual Trading * Virtual Trading :

No

Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

Yes

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Open Account Open Account

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