Find a Comparison of Shoonya by Finvasia 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 Shoonya by Finvasia and Tradesmart Online.
| Year of Incorporation | 2020 | 2015 |
| Website | https://shoonya.com/ | https://tradesmartonline.in/ |
| Phone | +91-172-474-0000 | 022-61208000 |
| Exchanges enabled | BSE, NSE, NCDEX, MCX | NSE, BSE |
| Demat (NSDL/CDSL) | CDSL | CDSL |
| Equity | Zero in Delivery and 0.03% or Rs. 5, whichever is low in Intraday | Rs 15 or 0.07% per executed order |
| Equity Futures | 0.03% or Rs. 5, whichever is low | Rs 15 or 0.07% per executed order |
| Equity Options | Flat Rs. 5 + GST | Rs 7 per lot |
| Currency Futures | 0.03% or Rs. 5, whichever is low | R15 or 0.07% of Turnover |
| Currency Options | Flat Rs. 5 + GST | Rs 7 per lot |
| Commodity | 0.03% or Rs. 5 in Futures and Flat Rs. 5 + GST on Options | 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 | 0 | 0.0035% of Turnover |
| Futures | 0 | 0.0024% of Turnover |
| Options | 0 | 0.0715% of Premium Turnover |
| Commodities | 0 | NA |
| AMC charge | 0 | Rs 300/yr |
| DP Transaction Charge | Rs 9 + GST | 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 | Yes | 5 days on NOW |
| End of Day | Yes | 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 | Upto 1x on Delivery & Upto 2x on Intraday | 5x for intraday |
| Equity Futures | Upto 1x | 2x for intraday |
| Equity Options | Upto 1.5x | No Margin |
| Currency Futures | Upto 1.2x | 2x for intraday |
| Currency Options | Upto 1.5x | No Margin |
| Commodity | Upto 1.5x | 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 | 0 | Rs 4 Lakhs |
| Profit after Tax FY12/13 | 0 | Rs 17 Lakhs |
| Profit after Tax FY13/14 | 0 | Rs 23 Lakhs |
| Profit after Tax FY 14/15 | 0 | Rs 23.14 Lakh |
| Profit after Tax FY 15/16 | 0 | Rs 33.53 Lakh |
| Profit after Tax FY 16/17 | 0 | Rs 35.78 Lakh |
| Profit after Tax FY 17/18 | 0 | Rs 38.81 Lakh |
| Profit after Tax FY 18/19 | 0 | Rs 40.22 Lakh |
| Profit after Tax FY 19/20 | Rs 140 Crores | Rs 46.22 Lakh |
| Profit after Tax FY 20/21 | Rs 225.12 Crores | Rs 49.57 Lakh |
| Profit after Tax FY 21/22 | Rs 248.93 Crores | Rs 54.47 Lakh |
| Profit after Tax FY 22/23 | Rs 451.24 Crores | Rs 66.68 Lakh |
| Debt FY11/12 | 0 | Rs 8.7 Lakhs |
| Debt FY12/13 | 0 | Rs 6 Lakhs |
| Debt FY13/14 | 0 | Rs 3.05 Crores |
| Debt FY14/15 | 0 | Rs 4.69 Crore |
| Debt FY15/16 | 0 | Rs 4.26 Crore |
| Debt FY16/17 | 0 | Rs 3.27 Crore |
| Debt FY17/18 | 0 | Rs 4.20 Crore |
| Debt FY18/19 | 0 | Rs 4.03 Crore |
| Debt FY19/20 | Rs 5.31 Crores | Rs 4.04 Crore |
| Debt FY20/21 | Rs 6.45 Crores | Rs 4.77 Crore |
| Debt FY21/22 | Rs 7.63 Crores | Rs 4.07 Crore |
| Debt FY22/23 | Rs 6.85 Crores | Rs 3.81 Crore |
| Profit to Equity(%) FY11/12 | 0 | 0.99 |
| Profit to Equity(%) FY12/13 | 0 | 2.63 |
| Profit to Equity(%) FY13/14 | 0 | 3.54 |
| Profit to Equity(%) FY14/15 | 0 | 7.67 |
| Profit to Equity(%) FY15/16 | 0 | 5.79 |
| Profit to Equity(%) FY16/17 | 0 | 5.11 |
| Profit to Equity(%) FY17/18 | 0 | 8.16 |
| Profit to Equity(%) FY18/19 | 0 | 5.10 |
| Profit to Equity(%) FY19/20 | 3.12% | 8.87 |
| Profit to Equity(%) FY20/21 | 2.75% | 5.50 |
| Profit to Equity(%) FY21/22 | 3.94% | 7.42 |
| Profit to Equity(%) FY22/23 | 4.31% | 6.08 |
| Balance Sheet Size FY11/12 | 0 | Rs 9.26 Crores |
| Balance Sheet Size FY12/13 | 0 | Rs 9.28 Crores |
| Balance Sheet Size FY13/14 | 0 | Rs 22.35 Crores |
| Balance Sheet Size FY14/15 | 0 | Rs 24.88 Crore |
| Balance Sheet Size FY15/16 | 0 | Rs 27.85 Crore |
| Balance Sheet Size FY16/17 | 0 | Rs 43.79 Crore |
| Balance Sheet Size FY17/18 | 0 | Rs 38.20 Crore |
| Balance Sheet Size FY18/19 | 0 | Rs 31.09 Crore |
| Balance Sheet Size FY19/20 | Rs 1503 Crores | Rs 45.13 Crore |
| Balance Sheet Size FY20/21 | Rs 2314 Crores | Rs 36.75 Crore |
| Balance Sheet Size FY21/22 | Rs 3287.21 Crores | Rs 42.25 Crore |
| Balance Sheet Size FY22/23 | Rs 4821.39 Crores | Rs 23.91 Crore |
Shoonya by Finvasia 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 Shoonya by Finvasia Securities and Tradesmart Online provide mobile trading apps for better user interface and seamless trading experience.
The account opening charges by brokers Shoonya by Finvasia and Tradesmart Online for both trading and demat are zero. Charges may vary, kindly read the above comparison.
Both Shoonya by Finvasia and Tradesmart Online are SEBI-registered brokers with good reputations. Shoonya by Finvasia is known for its trading platforms, while Tradesmart Online is praised for cost-effective pricing.
Yes, both Shoonya by Finvasia and Tradesmart Online offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.
