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 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
The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.
Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.
All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata
Charge | Trade Smart Online | Paytm Money |
---|---|---|
Demat Account Opening Charges | ₹200 | ₹0 (Free) |
Trading Acc Opening Charges | ₹200 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
Trading Account AMC | ₹0 | ₹0 (Free) |
Demat Account AMC | ₹300 | Annual Platform Fees of Rs.300 |
Charge | Trade Smart Online | Paytm Money |
---|---|---|
Plan Name | Power Trading Plan | Basic Plan |
Equity Delivery | ₹15 per executed order | ₹0 |
Equity Intraday | ₹15 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Futures | ₹15 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Equity Options | ₹15 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Futures | ₹15 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Currency Options | ₹15 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Commodity Options | ₹15 per executed order | 0.05% of turnover or ₹10 whichever is lower |
Mutual Fund | N/A | N/A |
Segment | Trade Smart Online | Paytm Money |
---|---|---|
Equity Delivery | 1x (No Margin) | Upto 4x |
Equity Intraday | Upto 30x | Upto 20x |
Equity Future | MIS: 3X | BO: 7X | CO: 7X | Upto 3x |
Equity Options | MIS: 3X | BO: 7X | CO: 7X | Upto 5x |
Currency Future | MIS: 3X | BO: 3X | CO: 3X | Upto 2x |
Currency Options | MIS: 3X | Upto 3x |
Commodity Future | MIS: 2X | BO: 6X | CO: 6X | Upto 3x |
Commodity Options | N/A | N/A |