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Trade Smart Online Vs Fyers
| | Broker Comparison, Trading | No Comments
Trade Smart Online Vs Fyers comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Trade Smart Online Vs Fyers Comparison
Here is a point by point comparison of Trade Smart Online Vs Fyers.
Trade Smart Online is a discount broker that was incorporated by VNS – a stock broking firm that was founded in 1994. Discount brokers such as Trade Smart Online charge a fixed amount at the transaction level and are independent of the size of the transaction.
FYERS is also a discount broker launched recently in April 2015. It stands for “Focus Your Energy & Reform the Self” and is known for its advanced trading platforms with different unique features.
Everything about discount brokers such as Trade Smart Online or Fyers is Online, be it – customer service, trading, account opening etc. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Trade Smart Online and FYERS to help you find which of the two suits your needs better. The comparison is made on various aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Trade Smart Online Vs Fyers Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
Here is a detailed point by point comparison between the two brokers:
 |  | |
| Fyers Review | Trade Smart Online Review | |
| OVERVIEW | ||
| Broker Type | Discount Broker | Discount Broker |
| Incorporated In the Year | 2015 | 1994 |
| Number of branches across India | 1 | 1 |
| Exchanges | BSE, NSE | NSE, BSE, MCX, MCX-SX and NCDEX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹200 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹0 | ₹200 |
| Demat Account Annual Maintenance Charges | ₹400 | ₹300 |
| Transaction Charges | Fyers Transaction Charges | Trade Smart Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | ₹20 per executed order | ₹15 per executed order or 0.07% depending on the plan |
| Intraday Delivery | ₹20 per executed order | ₹15 per executed order or 0.007% depending on the plan |
| Equity Futures | ₹20 per executed order | ₹15 per executed order or 0.007% depending on the plan |
| Equity Options | ₹20 per executed order | ₹15 or ₹7 per executed order depending on the plan |
| Currency Futures | ₹20 per executed order | ₹15 per executed order or 0.007% depending on the plan |
| Currency Options | ₹20 per executed order | ₹15 per executed order or 0.007% depending on the plan |
| Commodity | NA | ₹15 per executed order or 0.007% depending on the plan |
| Brokerage Calculator | Fyers Brokerage Calculator | Trade Smart Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 15 times for Intraday, 3 to 5 times for Delivery | Intraday upto 30 times |
| Equity Futures | Upto 5 times | Upto 5 times |
| Equity Options | Upto 5 times | Upto 5 times |
| Currency Futures | Upto 5 times | Upto 3 times |
| Currency Options | Upto 5 times | Upto 3 times |
| Commodities | NA | Upto 5 times |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts |  | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | FYERS One, FYERS Markets, FYERS Web Trader | NOW, Nest, Spin |
| Total BSE+NSE Complaints | 38 | 14 |
| OVERALL RATING |  |  |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Trade Smart Online or Fyers for the benefits of other readers?
Please feel free to share in the comments below.
Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.
Summary
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A Digital Blogger
Date
Broker Name
Trade Smart Online Vs Fyers
Overall Rating
