Trade Smart Online vs Paytm Money Comparison: 2024

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

About Paytm Money

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: An Overview

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

Trade Smart Online vs Paytm Money Account Opening Charges: 2024

ChargeTrade Smart OnlinePaytm Money
Demat Account Opening Charges₹200₹0 (Free)
Trading Acc Opening Charges₹200Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹300Annual Platform Fees of Rs.300

Trade Smart Online vs Paytm Money Brokerage Charges and Plans : 2024

ChargeTrade Smart OnlinePaytm Money
Plan NamePower Trading PlanBasic Plan
Equity Delivery₹15 per executed order₹0
Equity Intraday₹15 per executed order0.05% of turnover or ₹10 whichever is lower
Equity Futures₹15 per executed order0.05% of turnover or ₹10 whichever is lower
Equity Options₹15 per executed order0.05% of turnover or ₹10 whichever is lower
Currency Futures₹15 per executed order0.05% of turnover or ₹10 whichever is lower
Currency Options₹15 per executed order0.05% of turnover or ₹10 whichever is lower
Commodity Options₹15 per executed order0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Trade Smart Online vs Paytm Money Margin / Exposure: 2024

SegmentTrade Smart OnlinePaytm Money
Equity Delivery1x (No Margin)Upto 4x
Equity IntradayUpto 30x Upto 20x
Equity FutureMIS: 3X | BO: 7X | CO: 7XUpto 3x
Equity OptionsMIS: 3X | BO: 7X | CO: 7XUpto 5x
Currency FutureMIS: 3X | BO: 3X | CO: 3XUpto 2x
Currency OptionsMIS: 3XUpto 3x
Commodity FutureMIS: 2X | BO: 6X | CO: 6XUpto 3x
Commodity OptionsN/AN/A

Trade Smart Online vs Paytm Money Currency Charges and Plans: 2024

Trade Smart Online charge ₹15 per executed order for Currency Futures and ₹15 per executed order for Currency Options whereas Paytm Money Charges 0.05% of turnover or ₹10 whichever is lower for Currency futures and 0.05% of turnover or ₹10 whichever is lower for Currency options.

Trade Smart Online vs Paytm Money Commodity Charges and Plans: 2024

Trade Smart Online charge ₹15 per executed order for commodity and Paytm Money charge 0.05% of turnover or ₹10 whichever is lower for commodity.
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