Interactive Brokers vs Trade Smart Online Comparison: 2024

About Interactive Brokers

Interactive Brokers, found in 1978 is currently one of the biggest discount brokers in the world. Naturally, the broker is regulated by different financial authorities according to the country, including UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC), and India’s Securities and Exchange Board of India (SEBI). It has presence over a number of countries worldwide!

A one-stop solution for Indian residents interested in investing both in the Indian as well as the global markets.

Interactive Brokers: An Overview

Interactive Brokers has business on over 135 market destinations worldwide, where they provide service of trading stocks, options, futures, forex, fixed income and funds worldwide, executing about 1,746,000 trades per day.

Interactive Brokers has its headquarters in Greenwich, Connecticut. It functions with over 1400 employees in a number of countries like the USA, Switzerland, Canada, India, Hong Kong, UK, Australia, Hungary, Russia, Japan, China and Estonia.

In India, the

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

Interactive Brokers vs Trade Smart Online Account Opening Charges: 2024

ChargeInteractive BrokersTrade Smart Online
Demat Account Opening Charges₹0₹200
Trading Acc Opening Charges₹0₹200
Trading Account AMC₹0₹0
Demat Account AMC₹0 ₹300

Interactive Brokers vs Trade Smart Online Brokerage Charges and Plans : 2024

ChargeInteractive BrokersTrade Smart Online
Plan NameN/APower Trading Plan
Equity DeliveryMinimum ₹6 and Upto ₹20 per executed order₹15 per executed order
Equity IntradayMinimum ₹6 and Upto ₹20 per executed order₹15 per executed order
Equity FuturesMinimum ₹6 and Upto ₹20 per executed order₹15 per executed order
Equity OptionsMinimum ₹6 and Upto ₹20 per executed order₹15 per executed order
Currency FuturesMinimum ₹6 and Upto ₹20 per executed order₹15 per executed order
Currency OptionsMinimum ₹6 and Upto ₹20 per executed order₹15 per executed order
Commodity OptionsN/A₹15 per executed order
Mutual FundN/AN/A

Interactive Brokers vs Trade Smart Online Margin / Exposure: 2024

SegmentInteractive BrokersTrade Smart Online
Equity DeliveryN/A1x (No Margin)
Equity IntradayN/AUpto 30x
Equity FutureN/AMIS: 3X | BO: 7X | CO: 7X
Equity OptionsN/AMIS: 3X | BO: 7X | CO: 7X
Currency FutureN/AMIS: 3X | BO: 3X | CO: 3X
Currency OptionsN/AMIS: 3X
Commodity FutureN/AMIS: 2X | BO: 6X | CO: 6X
Commodity OptionsN/AN/A

Interactive Brokers vs Trade Smart Online Currency Charges and Plans: 2024

Interactive Brokers charge Minimum ₹6 and Upto ₹20 per executed order for Currency Futures and Minimum ₹6 and Upto ₹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.
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