Fyers vs Trade Smart Online Comparison: 2024

About Fyers

Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.

One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs).  However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.

Fyers : Overview

Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your

About Trade Smart Online

Trade Smart is a well-known name in India’s Stock Broking industry, which is ranks well among the famous discount brokers in India.

Trade Smart: An Overview

Trade Smart is a Mumbai based broking firm, incorporated in 1994 by VNS Finance and Capital Ltd. It is the ideal spot for investors and traders looking for high margins with low brokerages and the fast trading platform. 

Trade Smart began with the vision to offer a smart and consistent trading experience to users through their various services and trading platforms. From that point forward, Trade Smart has left no efforts in utilizing innovative technology solutions for easement customers in trading. 

They have a daily trade value of Rs. 2500 crore with more than 17000 spangling customer base, which is growing day by day, providing their best facilities and national presence. Also, they have their branches at numerous locations across the nation, supported by no not exactly

Fyers vs Trade Smart Online Account Opening Charges: 2024

ChargeFyersTrade Smart Online
Demat Account Opening Charges₹0₹200
Trading Acc Opening Charges₹400 ₹200
Trading Account AMC₹0₹0
Demat Account AMC₹300 ₹300

Fyers vs Trade Smart Online Brokerage Charges and Plans : 2024

ChargeFyersTrade Smart Online
Plan NameFlat Fee PlanPower Trading Plan
Equity Delivery₹0₹15 per executed order
Equity Intraday₹20 per executed order or 0.03% whichever is less₹15 per executed order
Equity Futures₹20 per executed order or 0.03% whichever is less₹15 per executed order
Equity Options₹20 per executed order₹15 per executed order
Currency Futures₹20 per executed order or 0.03% whichever is less₹15 per executed order
Currency Options₹20 per executed order₹15 per executed order
Commodity OptionsFutures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order₹15 per executed order
Mutual FundN/AN/A

Fyers vs Trade Smart Online Margin / Exposure: 2024

SegmentFyersTrade Smart Online
Equity Delivery1x1x (No Margin)
Equity IntradayUpto 5xUpto 30x
Equity FutureUpto 4xMIS: 3X | BO: 7X | CO: 7X
Equity OptionsUpto 5xMIS: 3X | BO: 7X | CO: 7X
Currency FutureUpto 3xMIS: 3X | BO: 3X | CO: 3X
Currency OptionsUpto 3xMIS: 3X
Commodity FutureUpto 3xMIS: 2X | BO: 6X | CO: 6X
Commodity OptionsUpto 3xN/A

Fyers vs Trade Smart Online Currency Charges and Plans: 2024

Fyers charge ₹20 per executed order or 0.03% whichever is less for Currency Futures and ₹20 per executed order for Currency Options whereas Trade Smart Online Charges ₹15 per executed order for Currency futures and ₹15 per executed order for Currency options.

Fyers vs Trade Smart Online Commodity Charges and Plans: 2024

Fyers charge Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order for commodity and Trade Smart Online charge ₹15 per executed order for commodity.
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