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

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.

Background

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
Brokerage

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
Account Opening Costs

Trading only Free Rs 400
Trading & Demat Free Rs 400
Commodity Free NA
Transparency & other costs

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
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 5 days on NOW
End of Day 5 Years 10 days on NOW
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

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
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 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 93 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 Lakhs Rs 4.04 Crore
Debt FY20/21 Rs 31.35 Lakhs Rs 4.77 Crore
Debt FY21/22 Rs 33.41 Lakhs Rs 4.07 Crore
Debt FY22/23 Rs 36.58 Lakhs 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 16.34% 5.50
Profit to Equity(%) FY21/22 20.34% 7.42
Profit to Equity(%) FY22/23 18.14% 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 45 Crores Rs 45.13 Crore
Balance Sheet Size FY20/21 Rs 57.34 Crores Rs 36.75 Crore
Balance Sheet Size FY21/22 Rs 63.11 Crores Rs 42.25 Crore
Balance Sheet Size FY22/23 Rs 77.28 Crores Rs 23.91 Crore

Comparison Link:

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Frequently Asked Questions

Is Lemonn better than Tradesmart Online ?

Lemonn 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 Lemonn ?

Lemonn 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 Lemonn cheaper than Tradesmart Online ?

Lemonn 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 Lemonn ?

Lemonn 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 Lemonn vs. Tradesmart Online ?

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