Find a Comparison of Lemonn 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 Lemonn and Tradesmart Online.
| Year of Incorporation | 2020 | 2015 |
| Website | https://lemonn.co.in/ | https://tradesmartonline.in/ |
| Phone | +918035769929 | 022-61208000 |
| Exchanges enabled | BSE, NSE | NSE, BSE |
| Demat (NSDL/CDSL) | CDSL | CDSL |
| Equity | Free for 1 Month afterwards 0.5% on Intraday | Rs 15 or 0.07% per executed order |
| Equity Futures | Zero | Rs 15 or 0.07% per executed order |
| Equity Options | Zero | Rs 7 per lot |
| Currency Futures | Zero | R15 or 0.07% of Turnover |
| Currency Options | Zero | Rs 7 per lot |
| Commodity | Zero | Rs 7 per lot |
| Trading only | Free | Rs 400 |
| Trading & Demat | Free | Rs 400 |
| Commodity | Free | NA |
Double check on if you are paying much higher other/turnover costs, make sure to compare
| Equity | Zero | 0.0035% of Turnover |
| Futures | Zero | 0.0024% of Turnover |
| Options | Zero | 0.0715% of Premium Turnover |
| Commodities | Zero | NA |
| AMC charge | Zero | Rs 300/yr |
| DP Transaction Charge | Rs 10 per transaction | Rs 15/debit instruction |
| Offline order placing Charge | 0 | Rs 20/executed order |
| Software |  |
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| Web/HTML 5 | |
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| Mobile | |
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| Intraday | 7 Days | 5 days on NOW |
| End of Day | 5 Years | 10 days on NOW |
| Coding/Backtesting | |
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| Online Trade Reports | |
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| Online PNL Reports | |
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| Online Contract Notes | |
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Leverage Provided
| Equity | 1x on Delivery & upto 2x on Intraday | 5x for intraday |
| Equity Futures | 2x for intraday | 2x for intraday |
| Equity Options | Upto 2x for Intraday | No Margin |
| Currency Futures | 2x for intraday | 2x for intraday |
| Currency Options | 1x | No Margin |
| Commodity | 1x | 1x |
| Research & Tips | |
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| Brokerage Calculator | |
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| Margin Calculator | |
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| Bracket orders & Trailing Stoploss | |
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| Training & Education | |
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| 3 in 1 Account | |
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| Instant Fund withdrawal | |
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| Relationship Managers | |
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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 | Not Available | Rs 4 Lakhs |
| Profit after Tax FY12/13 | Not Available | Rs 17 Lakhs |
| Profit after Tax FY13/14 | Not Available | Rs 23 Lakhs |
| Profit after Tax FY 14/15 | Not Available | Rs 23.14 Lakh |
| Profit after Tax FY 15/16 | Not Available | Rs 33.53 Lakh |
| Profit after Tax FY 16/17 | Not Available | Rs 35.78 Lakh |
| Profit after Tax FY 17/18 | Not Available | Rs 38.81 Lakh |
| Profit after Tax FY 18/19 | Not Available | Rs 40.22 Lakh |
| Profit after Tax FY 19/20 | Rs 38 Lakhs | Rs 46.22 Lakh |
| Profit after Tax FY 20/21 | Rs 55 Lakhs | Rs 49.57 Lakh |
| Profit after Tax FY 21/22 | Rs 70 Lakhs | Rs 54.47 Lakh |
| Profit after Tax FY 22/23 | Rs 83 Lakhs | Rs 66.68 Lakh |
| Debt FY11/12 | Not Available | Rs 8.7 Lakhs |
| Debt FY12/13 | Not Available | Rs 6 Lakhs |
| Debt FY13/14 | Not Available | Rs 3.05 Crores |
| Debt FY14/15 | Not Available | Rs 4.69 Crore |
| Debt FY15/16 | Not Available | Rs 4.26 Crore |
| Debt FY16/17 | Not Available | Rs 3.27 Crore |
| Debt FY17/18 | Not Available | Rs 4.20 Crore |
| Debt FY18/19 | Not Available | Rs 4.03 Crore |
| Debt FY19/20 | Rs 28.64 Crores | Rs 4.04 Crore |
| Debt FY20/21 | Rs 31.35 Crores | Rs 4.77 Crore |
| Debt FY21/22 | Rs 33.41 Crores | Rs 4.07 Crore |
| Debt FY22/23 | Rs 36.58 Crores | Rs 3.81 Crore |
| Profit to Equity(%) FY11/12 | Not Available | 0.99 |
| Profit to Equity(%) FY12/13 | Not Available | 2.63 |
| Profit to Equity(%) FY13/14 | Not Available | 3.54 |
| Profit to Equity(%) FY14/15 | Not Available | 7.67 |
| Profit to Equity(%) FY15/16 | Not Available | 5.79 |
| Profit to Equity(%) FY16/17 | Not Available | 5.11 |
| Profit to Equity(%) FY17/18 | Not Available | 8.16 |
| Profit to Equity(%) FY18/19 | Not Available | 5.10 |
| Profit to Equity(%) FY19/20 | 18.09% | 8.87 |
| Profit to Equity(%) FY20/21 | 16.21% | 5.50 |
| Profit to Equity(%) FY21/22 | 20.34% | 7.42 |
| Profit to Equity(%) FY22/23 | 18.17% | 6.08 |
| Balance Sheet Size FY11/12 | Not Available | Rs 9.26 Crores |
| Balance Sheet Size FY12/13 | Not Available | Rs 9.28 Crores |
| Balance Sheet Size FY13/14 | Not Available | Rs 22.35 Crores |
| Balance Sheet Size FY14/15 | Not Available | Rs 24.88 Crore |
| Balance Sheet Size FY15/16 | Not Available | Rs 27.85 Crore |
| Balance Sheet Size FY16/17 | Not Available | Rs 43.79 Crore |
| Balance Sheet Size FY17/18 | Not Available | Rs 38.20 Crore |
| Balance Sheet Size FY18/19 | Not Available | Rs 31.09 Crore |
| Balance Sheet Size FY19/20 | Rs 245 Crores | Rs 45.13 Crore |
| Balance Sheet Size FY20/21 | Rs 357.34 Crores | Rs 36.75 Crore |
| Balance Sheet Size FY21/22 | Rs 463.11 Crores | Rs 42.25 Crore |
| Balance Sheet Size FY22/23 | Rs 577.28 Crores | Rs 23.91 Crore |
Lemonn Securities and Tradesmart Online are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.
Yes, both Lemonn Securities and Tradesmart Online provide mobile trading apps for better user interface and seamless trading experience.
The account opening charges by brokers Lemonn and Tradesmart Online for both trading and demat are zero. Charges may vary, kindly read the above comparison.
Both Lemonn and Tradesmart Online are SEBI-registered brokers with good reputations. Lemonn is known for its trading platforms, while Tradesmart Online is praised for cost-effective pricing.
Yes, both Lemonn and Tradesmart Online offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.
