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

Find a Comparison of Tradesmart Online vs Cholamandalam Securities 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 Tradesmart Online and Cholamandalam Securities.

Background

Year of Incorporation 2015 1978
Website https://tradesmartonline.in/ https://www.cholamandalam.com/
Phone 022-61208000 1800-102-4565
Exchanges enabled NSE, BSE BSE, NSE
Demat (NSDL/CDSL) CDSL CDSL and NSDL
Brokerage

Equity Rs 15 or 0.07% per executed order 0.50% per Executed Order
Equity Futures Rs 15 or 0.07% per executed order 0.05% per Executed Order
Equity Options Rs 7 per lot Rs.50 per Lot
Currency Futures R15 or 0.07% of Turnover 0.05% per Executed Order
Currency Options Rs 7 per lot Rs.25 per Lot
Commodity Rs 7 per lot Not Available
Account Opening Costs

Trading only Rs 400 Free
Trading & Demat Rs 400 Rs.300
Commodity NA Not Available
Transparency & other costs

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

Equity 0.0035% of Turnover 0.00325%
Futures 0.0024% of Turnover 0.0019% of Turnover
Options 0.0715% of Premium Turnover 0.05% of Turnover
Commodities NA Not Available
AMC charge Rs 300/yr Rs.300 per Annum
DP Transaction Charge Rs 15/debit instruction Rs 20
Offline order placing Charge Rs 20/executed order Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x for intraday Upto 2x for Delivery & Upto 6x for Intraday
Equity Futures 2x for intraday Upto 3x
Equity Options No Margin Upto 5x
Currency Futures 2x for intraday Upto 3x
Currency Options No Margin Upto 3x
Commodity 1x Not Available
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 4 Lakhs Rs (2,938) Crores
Profit after Tax FY12/13 Rs 17 Lakhs Rs 3,655 Crores
Profit after Tax FY13/14 Rs 23 Lakhs Rs 2,364.01 Crores
Profit after Tax FY 14/15 Rs 23.14 Lakh Rs 4,735.16 Crores
Profit after Tax FY 15/16 Rs 33.53 Lakh Rs 6,568.45 Crores
Profit after Tax FY 16/17 Rs 35.78 Lakh Rs 7,819 Crores
Profit after Tax FY 17/18 Rs 38.81 Lakh Rs 9,618 Crores
Profit after Tax FY 18/19 Rs 40.22 Lakh Rs 11,186 Crores
Profit after Tax FY 19/20 Rs 46.22 Lakh Rs 12,052.73 Crores
Profit after Tax FY 20/21 Rs 49.57 Lakh Rs 15,515.44 Crores
Profit after Tax FY 21/22 Rs 54.47 Lakh Rs 18,147.94 Crores
Profit after Tax FY 22/23 Rs 66.68 Lakh Rs 21,666.69 Crores
Debt FY11/12 Rs 8.7 Lakhs Rs 4.7 Crores
Debt FY12/13 Rs 6 Lakhs Rs 8.87 Crores
Debt FY13/14 Rs 3.05 Crores Rs 10.90 Crores
Debt FY14/15 Rs 4.69 Crore Rs 15.15 Crores
Debt FY15/16 Rs 4.26 Crore Rs 18.36 Crores
Debt FY16/17 Rs 3.27 Crore Rs 19.23 Crores
Debt FY17/18 Rs 4.20 Crore Rs 20.96 Crores
Debt FY18/19 Rs 4.03 Crore Rs 19.64 Lakhs
Debt FY19/20 Rs 4.04 Crore Rs 24.17 Crores
Debt FY20/21 Rs 4.77 Crore Rs 27.39 Crores
Debt FY21/22 Rs 4.07 Crore Rs 28.52 Crores
Debt FY22/23 Rs 3.81 Crore Rs 29.61 Crores
Profit to Equity(%) FY11/12 0.99 15.74%
Profit to Equity(%) FY12/13 2.63 16.68%
Profit to Equity(%) FY13/14 3.54 17.34%
Profit to Equity(%) FY14/15 7.67 17.73%
Profit to Equity(%) FY15/16 5.79 18.75%
Profit to Equity(%) FY16/17 5.11 18.49%
Profit to Equity(%) FY17/18 8.16 17.54%
Profit to Equity(%) FY18/19 5.10 18.53%
Profit to Equity(%) FY19/20 8.87 18.09%
Profit to Equity(%) FY20/21 5.50 19.34%
Profit to Equity(%) FY21/22 7.42 20.30%
Profit to Equity(%) FY22/23 6.08 21.18%
Balance Sheet Size FY11/12 Rs 9.26 Crores Rs 9,678.26 Crores
Balance Sheet Size FY12/13 Rs 9.28 Crores Rs 13,430.26 Crores
Balance Sheet Size FY13/14 Rs 22.35 Crores Rs 18,184.80 Crores
Balance Sheet Size FY14/15 Rs 24.88 Crore Rs 21,546.80 Crores
Balance Sheet Size FY15/16 Rs 27.85 Crore Rs 23,873.23 Crores
Balance Sheet Size FY16/17 Rs 43.79 Crore Rs 30,594.80 Crores
Balance Sheet Size FY17/18 Rs 38.20 Crore Rs 44,089.73 Crores
Balance Sheet Size FY18/19 Rs 31.09 Crore Rs 57,426.30 Crores
Balance Sheet Size FY19/20 Rs 45.13 Crore Rs 64,002.39 Crores
Balance Sheet Size FY20/21 Rs 36.75 Crore Rs 74,548.42 Crores
Balance Sheet Size FY21/22 Rs 42.25 Crore Rs 82,363.68 Crores
Balance Sheet Size FY22/23 Rs 23.91 Crore Rs 1,13,515.90 Crores

Comparison Link:

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Frequently Asked Questions

Is Tradesmart Online better than Cholamandalam Securities ?

Tradesmart Online and Cholamandalam Securities 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 Cholamandalam Securities better than Tradesmart Online ?

Tradesmart Online and Cholamandalam Securities 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 cheaper than Cholamandalam Securities ?

Tradesmart Online and Cholamandalam Securities 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 Cholamandalam Securities cheaper than Tradesmart Online ?

Tradesmart Online and Cholamandalam Securities 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 Tradesmart Online vs. Cholamandalam Securities ?

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