ICICI Direct vs Tradesmart Online – Compare Charges, Trading Features, Offers & more

Find a Comparison of ICICI Direct vs Tradesmart Online here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of ICICI Direct and Tradesmart Online.

Background

Year of Incorporation 2000 2015
Website https://www.icicidirect.com/ https://tradesmartonline.in/
Phone 022 3355 1122 022-61208000
Exchanges enabled NSE & BSE NSE, BSE
Demat (NSDL/CDSL) NSDL & CDSL CDSL
Brokerage

Equity 0.05% Equity Intraday Rs 15 or 0.07% per executed order
Equity Futures 0.05% or Rs 50 per Trade Rs 15 or 0.07% per executed order
Equity Options 0.05% or Rs 50 per Trade Rs 7 per lot
Currency Futures Rs 20 per executed order R15 or 0.07% of Turnover
Currency Options Rs 20 per executed order Rs 7 per lot
Commodity Rs 20 per executed order Rs 7 per lot
Account Opening Costs

Trading only Free Rs 400
Trading & Demat Rs 975 for 3 in 1 Account Rs 400
Commodity Rs 0 NA
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% of Turnover 0.0035% of Turnover
Futures 0.0019% of Turnover 0.0024% of Turnover
Options 0.05% of Turnover 0.0715% of Premium Turnover
Commodities 0.05% of Turnover NA
AMC charge Rs 700 per Year Rs 300/yr
DP Transaction Charge Rs 25/Transaction or 0.05% whichever higher Rs 15/debit instruction
Offline order placing Charge 0 Rs 20/executed order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 20 Days 5 days on NOW
End of Day 10 years 10 days on NOW
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 1x on Delivery & Upto 5x on Intraday 5x for intraday
Equity Futures Upto 4x 2x for intraday
Equity Options Not for buying but upto 2x for shorting No Margin
Currency Futures 1x 2x for intraday
Currency Options 1x No Margin
Commodity 1x 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 77.1 Crores Rs 4 Lakhs
Profit after Tax FY12/13 Rs 68.2 Crores Rs 17 Lakhs
Profit after Tax FY13/14 Rs 74.9 Crores Rs 23 Lakhs
Profit after Tax FY 14/15 Rs 79.52 Crores Rs 23.14 Lakh
Profit after Tax FY 15/16 Rs 96.88 Crores Rs 33.53 Lakh
Profit after Tax FY 16/17 Rs 132.64 Crores Rs 35.78 Lakh
Profit after Tax FY 17/18 Rs 100.80 Crores Rs 38.81 Lakh
Profit after Tax FY 18/19 Rs 134.63 Crores Rs 40.22 Lakh
Profit after Tax FY 19/20 Rs 123.16 Crores Rs 46.22 Lakh
Profit after Tax FY 20/21 Rs 85.59 Crores Rs 49.57 Lakh
Profit after Tax FY 21/22 Rs 105.82 Crores Rs 54.47 Lakh
Profit after Tax FY 22/23 Rs 115.43 Crores Rs 66.68 Lakh
Debt FY11/12 Rs 209 Crores Rs 8.7 Lakhs
Debt FY12/13 Rs 219 Crores Rs 6 Lakhs
Debt FY13/14 Rs 317 Crores Rs 3.05 Crores
Debt FY14/15 Rs 350.83 Crores Rs 4.69 Crore
Debt FY15/16 Rs 462.09 Crores Rs 4.26 Crore
Debt FY16/17 Rs 335.99 Crores Rs 3.27 Crore
Debt FY17/18 Rs 555.66 Crores Rs 4.20 Crore
Debt FY18/19 Rs 559.36 Crores Rs 4.03 Crore
Debt FY19/20 Rs 389.28 Crores Rs 4.04 Crore
Debt FY20/21 Rs 536.48 Crores Rs 4.77 Crore
Debt FY21/22 Rs 598.99 Crores Rs 4.07 Crore
Debt FY22/23 Rs 582.15 Crores Rs 3.81 Crore
Profit to Equity(%) FY11/12 32% 0.99
Profit to Equity(%) FY12/13 21% 2.63
Profit to Equity(%) FY13/14 27.07% 3.54
Profit to Equity(%) FY14/15 29.22% 7.67
Profit to Equity(%) FY15/16 30.63% 5.79
Profit to Equity(%) FY16/17 32.89% 5.11
Profit to Equity(%) FY17/18 41.55% 8.16
Profit to Equity(%) FY18/19 40.19% 5.10
Profit to Equity(%) FY19/20 26.41% 8.87
Profit to Equity(%) FY20/21 33.02% 5.50
Profit to Equity(%) FY21/22 41.00% 7.42
Profit to Equity(%) FY22/23 43.78% 6.08
Balance Sheet Size FY11/12 Rs 908 Crores Rs 9.26 Crores
Balance Sheet Size FY12/13 Rs 948 Crores Rs 9.28 Crores
Balance Sheet Size FY13/14 Rs 1620 Crores Rs 22.35 Crores
Balance Sheet Size FY14/15 Rs 1857.26 Crores Rs 24.88 Crore
Balance Sheet Size FY15/16 Rs 1903.86 Crores Rs 27.85 Crore
Balance Sheet Size FY16/17 Rs 1983.64 Crores Rs 43.79 Crore
Balance Sheet Size FY17/18 Rs 2222.18 Crores Rs 38.20 Crore
Balance Sheet Size FY18/19 Rs 2350.41 Crores Rs 31.09 Crore
Balance Sheet Size FY19/20 Rs 2470.58 Crores Rs 45.13 Crore
Balance Sheet Size FY20/21 Rs 2747.85 Crores Rs 36.75 Crore
Balance Sheet Size FY21/22 Rs 2921.25 Crores Rs 42.25 Crore
Balance Sheet Size FY22/23 Rs 3061.50 Crores Rs 23.91 Crore

Comparison Link:

Compare ICICI Direct Compare Tradesmart Online
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Frequently Asked Questions

Is ICICI Direct better than Tradesmart Online ?

ICICI Direct and Tradesmart Online are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Tradesmart Online better than ICICI Direct ?

ICICI Direct and Tradesmart Online are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is ICICI Direct cheaper than Tradesmart Online ?

ICICI Direct and Tradesmart Online are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Tradesmart Online cheaper than ICICI Direct ?

ICICI Direct and Tradesmart Online are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better ICICI Direct vs. Tradesmart Online ?

To find out the better of the two stockbrokers ICICI Direct and Tradesmart Online, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.