IIFL vs Trade Smart (Compare IIFL vs Trade Smart)

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 IIFL vs Trade Smart, Below comparison of IIFL vs Trade Smart 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.

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One on One comparison of IIFL vs Trade Smart is given below:

IIFL

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Trade Smart

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	IIFL	Trade Smart

About The Brokers	IIFL : "IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you >>> more	Trade Smart : "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 :	IIFL : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Trade Smart : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	IIFL : Full Service Broker	Trade Smart : Discount Broker
Promo/offers	IIFL : Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades.Get the offer	Trade Smart : N/A
Advantage	IIFL : Offer online IPO and Equity SIP 1900+ branches all over India & have a global presence Trading facility to NRIs is provided Provide multiple broking plans IIFL Trade terminal is one of the best trading terminal in India Offer Commodity Trading & Investment facility in Mutual funds & IPO	Trade Smart : Rs 15 flat-fee trades. Unlimited Trading Plan to offer. Own DP services Support Offer For Sale(OFS).
Disadvantage	IIFL : Scope improvement is there in customer support. Provides only 2-in-1 account facility Less transparency in brokerage plans High brokerage. Minimum Brokerage charges	Trade Smart : 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	IIFL : Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world. Provide IPO service and equity SIP also Amongst top 10 stock brokers in India Best rated mobile Trading Platforms with >1.9m download. Have branches all over India. Approx 1900+ Branches They provide multiple brokerage plans All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O Offer NRI Trading.	Trade Smart : 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.

IIFL vs Trade Smart Account Opening & AMC Charges

IIFL Trading Account Opening Fee is ₹750 and Trade Smart Trading Account Opening Fee is ₹200 . IIFL Demat Account AMC is ₹400 per year and Trade Smart Demat Account AMC is ₹300 .

	IIFL	Trade Smart
Trading Account Opening Fee	Trading Account Opening Fee : ₹750	Trading Account Opening Fee : ₹200
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : ₹200
Demat Account AMC	Demat Account AMC : ₹400 per year	Demat Account AMC : ₹300
Trading Account AMC	Trading Account AMC : ₹0	Trading Account AMC : ₹0

IIFL vs Trade Smart Brokerage Charges

IIFL Brokerage Charges Equity Delivery is 0.50% and Equity Intraday is 0.05% and Equity Options is 1% of Premium or ₹100 per lot, whichever is high . Trade Smart Brokerage Charges Equity Delivery is ₹15 and Equity Intraday is ₹15 and Equity Options is ₹15 .

	IIFL	Trade Smart
Plan Name	Plan Name : Standard Plan	Plan Name : Power Plan (₹15/Order)
Equity Delivery	Equity Delivery : 0.50%	Equity Delivery : ₹15
Equity Intraday	Equity Intraday : 0.05%	Equity Intraday : ₹15
Equity Future	Equity Future : 0.05%	Equity Future : ₹15
Equity Options	Equity Options : 1% of Premium or ₹100 per lot, whichever is high	Equity Options : ₹15
Currency Futures	Currency Futures : 0.05%	Currency Futures : ₹15
Currency Options	Currency Options : 1% of Premium or ₹100 per lot, whichever is high	Currency Options : ₹15
Monthly Fee	Monthly Fee : NA	Monthly Fee : NA
Margin Trading	Margin Trading :	Margin Trading : -
Commodity Futures	Commodity Futures : 0.05%	Commodity Futures : ₹15
Commodity Options	Commodity Options : 1% of Premium or ₹100 per lot, whichever is high	Commodity Options : -

IIFL vs Trade Smart Transaction Charges (Per Crore)

IIFL Transaction Charges (Per Crore) Equity Future is 0.0021% and Equity Options is 0.051% on premium . Trade Smart Transaction Charges (Per Crore) Equity Future is NSE : 0.0024%, BSE Rs. 1.5 per Trade and Equity Options is NSE : 0.0715%, BSE Rs. 1.5 per Trade .

	IIFL	Trade Smart
Equity Delivery	Equity Delivery : 0.00325%	Equity Delivery : NSE : 0.00350%, BSE Rs. 1.5 per Trade
Equity Intraday	Equity Intraday : 0.00325%	Equity Intraday : NSE : 0.00350%, BSE Rs. 1.5 per Trade
Equity Future *	Equity Future : 0.0021%	Equity Future : NSE : 0.0024%, BSE Rs. 1.5 per Trade
Equity Options *	Equity Options : 0.051% on premium	Equity Options : NSE : 0.0715%, BSE Rs. 1.5 per Trade
Currency Futures *	Currency Futures : 0.0021%	Currency Futures : NSE: 0.00165%
Currency Options	Currency Options : 0.051% on premium	Currency Options : NSE: 0.06%
Commodity	Commodity : 0.0028%	Commodity : Non-Agri: 0.0044% \| Agri: 0.00175%

IIFL vs Trade Smart Other Charges

IIFL Minimum Brokerage is ₹0.05 per share (₹25 Min) and Call & Trade is ₹50 per call . Trade Smart Minimum Brokerage is ₹15 and Call & Trade is Rs 20 per executed order .

	IIFL	Trade Smart
Minimum Brokerage	Minimum Brokerage : ₹0.05 per share (₹25 Min)	Minimum Brokerage : ₹15
Call & Trade	Call & Trade : ₹50 per call	Call & Trade : Rs 20 per executed order
Stamp Duty *	Stamp Duty : Charges as per the state of residence	Stamp Duty : State wise
DP Charges (on sell side)	DP Charges (on sell side) : 0.04% (minimum ₹25 per debit transaction)	DP Charges (on sell side) : Rs 15 per scrip
Other Miscellaneous Charges	Other Miscellaneous Charges : Advisory SMS - ₹50 per month	Other Miscellaneous Charges : -

IIFL vs Trade Smart Features

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

	IIFL	Trade Smart
Trading Platform	Trading Platform : Trader terminal and IIFL Markets App	Trading Platform : NEST Trader, Sine web, mobile app, NOW
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : Yes
Trading Alerts	Trading Alerts : No	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : 0	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : Yes	Detailed Education Initiatives : Yes
Unique features & Offers	Unique features & Offers : Market mantra, IIFL calls, Loyalty points	Unique features & Offers : -
Referral Program	Referral Program : 0	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	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

IIFL vs Trade Smart Demat Account Charges

A comparative table of various demat account charges between IIFL and Trade Smart is below:

	IIFL	Trade Smart
Depository Service Provider	Depository Service Provider : CDSL and NSDL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : ₹750	Account Opening Fee : ₹200
Advance Deposit	Advance Deposit : Nil	Advance Deposit : Nil
AMC	AMC : ₹0	AMC : Individual Account: ₹300 per year Corporate Account: ₹800 per year
Dematerialisation Charges	Dematerialisation Charges : ₹15 per certificate + ₹40 as postal charges	Dematerialisation Charges : ₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request.
Rematerialisation Charges	Rematerialisation Charges : ₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier	Rematerialisation Charges : ₹500 per certificate per market lot of 100 shares or less and minimum ₹500 per request.
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : 0.05% (Min ₹15 and max ₹100)	Transaction Charges (debit) : ₹25 minimum or 0.02% which ever is higher. In case of BSDA ₹50 or 0.02% whichever is higher.
Pledge Creation Charges	Pledge Creation Charges : ₹50	Pledge Creation Charges : ₹200 per scrip
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : Nil	Pledge Creation Confirmation Charges : Nil
Pledge Invocation Charges	Pledge Invocation Charges : Nil	Pledge Invocation Charges : ₹200 minimum or 0.01% which ever is higher
Failed Instruction Charges	Failed Instruction Charges : Nil	Failed Instruction Charges : Nil
Other Charges	Other Charges : Nil	Other Charges : Late instruction: 0.1% scrip value Physical transaction statement: ₹50 per BO statement plus courier charges

IIFL vs Trade Smart Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 2,30,000+ and Total Number of Branches is 900 . Trade Smart Year of Incorporation is 1994 and Total Number of Clients is 22,000+ and .

	IIFL	Trade Smart
Year of Incorporation	Year of Incorporation : 1996	Year of Incorporation : 1994
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX, and NCDEX	Active Exchange Memberships : BSE, NSE, MCX
Demat Services	Demat Services : Yes	Demat Services : CDSL
Website	Website : https://www.indiainfoline.com	Website : https://tradesmartonline.in/
Contact Details	Contact Details : 022-400710000	Contact Details : 022 61208000
Total Number of Clients	Total Number of Clients : 2,30,000+	Total Number of Clients : 22,000+
Total Number of Branches	Total Number of Branches : 900	Total Number of Branches : -
Products *	Products : Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking	Products : -

IIFL vs Trade Smart Charts and Data

IIFL and Trade Smart both offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:

	IIFL	Trade Smart
Live data source	Live data source : Yes	Live data source : NSE, BSE
Advanced Charting tools	Advanced Charting tools : Yes	Advanced Charting tools : Yes
Multi-Chart Setup	Multi-Chart Setup : No	Multi-Chart Setup : Yes
No.of indicators	No.of indicators : 99	No.of indicators : 85+
No.of charts can be opened	No.of charts can be opened : 1	No.of charts can be opened : 11
Live Scanners	Live Scanners : No	Live Scanners : Yes
Customizable screeners	Customizable screeners : No	Customizable screeners : -
Trading from charts	Trading from charts : No	Trading from charts : Yes
Compare Symbol performance on Chart	Compare Symbol performance on Chart : No	Compare Symbol performance on Chart : -
Options charts	Options charts : Yes	Options charts : -
Continuous futures charts	Continuous futures charts : Yes	Continuous futures charts : -
Intraday historical data for charts	Intraday historical data for charts : 20 days	Intraday historical data for charts : Yes
End of Day historical data for charts	End of Day historical data for charts : 10 years	End of Day historical data for charts : Yes
Corporate action adjusted charts	Corporate action adjusted charts : No	Corporate action adjusted charts : Yes
Back Testing	Back Testing : No	Back Testing : Yes
Options Chain	Options Chain : Yes	Options Chain : Yes
Heat Maps	Heat Maps : Yes	Heat Maps : Yes
Analytics	Analytics : No	Analytics : Yes
Price Ladder	Price Ladder : No	Price Ladder : -

IIFL vs Trade Smart Leverage

Leverage

	IIFL	Trade Smart
Equity Delivery	Equity Delivery : Upto 3x (18% Annual Interest)	Equity Delivery : -
Equity Intraday	Equity Intraday : Upto 20x	Equity Intraday : -
Equity Futures	Equity Futures : Upto 3x	Equity Futures : -
Equity Options	Equity Options : 3x for shorting	Equity Options : -
Currency Futures	Currency Futures : Upto 2x	Currency Futures : -
Currency Options	Currency Options : 2x for shorting	Currency Options : -
Commodity Futures	Commodity Futures : Upto 3x	Commodity Futures : -
Commodity Options	Commodity Options :	Commodity Options : -

IIFL vs Trade Smart Orders

Orders

	IIFL	Trade Smart
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) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : Yes	Good Till Cancelled (GTC) : Yes

IIFL vs Trade Smart Research and Advice / Trading Tips

Research and Advice / Trading Tips

	IIFL	Trade Smart
Equity Trading Recommendation *	Equity Trading Recommendation : Yes	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : Yes	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : Yes	Recommendation basis risk Profile : No
Comparison *	Comparison : Yes	Comparison : No
Free Tips *	Free Tips : Yes	Free Tips : No
Daily Market report *	Daily Market report : Yes	Daily Market report : No
ETF research *	ETF research : Yes	ETF research : No
Quarterly Results *	Quarterly Results : Yes	Quarterly Results : Yes

IIFL vs Trade Smart Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	IIFL	Trade Smart
Availability for franchisee / AP	Availability for franchisee / AP : Yes	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : Rs.75,000 to Rs.2,00,000	Investment required for Franchisee / AP : -

IIFL vs Trade Smart Product & Services

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

	IIFL	Trade Smart
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : Yes	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 : Yes	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 : Yes	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 : Yes	Portfolio Analysis : No
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : No	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : No	Margin Calculator : No
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : Yes	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 : Yes	Market Trading : No
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : Yes
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : No

IIFL vs Trade Smart Customer Services

IIFL and Trade Smart 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:

	IIFL	Trade Smart
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 : Yes	Branch Offices : No
Customer Care *	Customer Care : Yes	Customer Care : No
Community Service *	Community Service : Yes	Community Service : No
Relationship Manager *	Relationship Manager : -	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : No

IIFL vs Trade Smart Other Investement

IIFL and Trade Smart 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:

	IIFL	Trade Smart
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : No
Investment in Bonds *	Investment in Bonds : Yes	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : Yes	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No

IIFL vs Trade Smart Trading PlatForm

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

	IIFL	Trade Smart
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 : -	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes

IIFL vs Trade Smart Company Information

	IIFL	Trade Smart
Financials *	Financials : Yes	Financials : No
News *	News :	News : No
Company Analysis *	Company Analysis : Yes	Company Analysis : No
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