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

Find a Comparison of Tradesmart Online vs Geojit 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 Geojit.

Background

Year of Incorporation 2015 1996
Website https://tradesmartonline.in/ https://www.geojit.com/
Phone 022-61208000 1800-425-5501
Exchanges enabled NSE, BSE NSE, BSE, MCX-SX
Demat (NSDL/CDSL) CDSL NSDL & CDSL
Brokerage

Equity Rs 15 or 0.07% per executed order 0.03% Intraday & 0.30% Delivery
Equity Futures Rs 15 or 0.07% per executed order 0.01% of Turnover
Equity Options Rs 7 per lot Rs 50 per lot
Currency Futures R15 or 0.07% of Turnover 0.03% of Turnover
Currency Options Rs 7 per lot Rs 50 per lot
Commodity Rs 7 per lot Not Available
Account Opening Costs

Trading only Rs 400 Free
Trading & Demat Rs 400 Free
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% of Turnover
Futures 0.0024% of Turnover 0.0021% of Turnover
Options 0.0715% of Premium Turnover 0.055% of Turnover
Commodities NA Not Available
AMC charge Rs 300/yr Rs 400 per year
DP Transaction Charge Rs 15/debit instruction Rs 15 per debit transaction or 0.02% whichever is higher
Offline order placing Charge Rs 20/executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 days on NOW 20 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 5x on Intraday and Upto 1x on Delivery
Equity Futures 2x for intraday Upto 1x for Intraday
Equity Options No Margin Upto 2x for Intraday
Currency Futures 2x for intraday Upto 1x for Intraday
Currency Options No Margin Upto 2x for Intraday
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 47.7 Crores
Profit after Tax FY12/13 Rs 17 Lakhs Rs 49.4 Crores
Profit after Tax FY13/14 Rs 23 Lakhs Rs 75.8 Crores
Profit after Tax FY 14/15 Rs 23.14 Lakh Rs 88.00 Crores
Profit after Tax FY 15/16 Rs 33.53 Lakh Rs 107.71 Crores
Profit after Tax FY 16/17 Rs 35.78 Lakh Rs 137.49 Crores
Profit after Tax FY 17/18 Rs 38.81 Lakh Rs 108.82 Crores
Profit after Tax FY 18/19 Rs 40.22 Lakh Rs 93.60 Crores
Profit after Tax FY 19/20 Rs 46.22 Lakh Rs 139.00 Crores
Profit after Tax FY 20/21 Rs 49.57 Lakh Rs 128.86 Crores
Profit after Tax FY 21/22 Rs 54.47 Lakh Rs 137.74 Crores
Profit after Tax FY 22/23 Rs 66.68 Lakh Rs 160.05 Crores
Debt FY11/12 Rs 8.7 Lakhs Rs 27.58 Crores
Debt FY12/13 Rs 6 Lakhs Rs 37.03 Crores
Debt FY13/14 Rs 3.05 Crores Rs 29.78 Crores
Debt FY14/15 Rs 4.69 Crore Rs 33.25 Crores
Debt FY15/16 Rs 4.26 Crore Rs 31.87 Crores
Debt FY16/17 Rs 3.27 Crore Rs 33.85 Crores
Debt FY17/18 Rs 4.20 Crore Rs 40.37 Crores
Debt FY18/19 Rs 4.03 Crore Rs 37.81 Crores
Debt FY19/20 Rs 4.04 Crore Rs 40.51 Crores
Debt FY20/21 Rs 4.77 Crore Rs 39.63 Crores
Debt FY21/22 Rs 4.07 Crore Rs 45.75 Crores
Debt FY22/23 Rs 3.81 Crore Rs 41.96 Crores
Profit to Equity(%) FY11/12 0.99 31.3
Profit to Equity(%) FY12/13 2.63 11.9
Profit to Equity(%) FY13/14 3.54 18.2
Profit to Equity(%) FY14/15 7.67 24.43
Profit to Equity(%) FY15/16 5.79 35.17
Profit to Equity(%) FY16/17 5.11 37.26
Profit to Equity(%) FY17/18 8.16 40.67
Profit to Equity(%) FY18/19 5.10 34.85
Profit to Equity(%) FY19/20 8.87 30.01
Profit to Equity(%) FY20/21 5.50 34.15
Profit to Equity(%) FY21/22 7.42 39.42
Profit to Equity(%) FY22/23 6.08 30.34
Balance Sheet Size FY11/12 Rs 9.26 Crores Rs 614 Crores
Balance Sheet Size FY12/13 Rs 9.28 Crores Rs 610 Crores
Balance Sheet Size FY13/14 Rs 22.35 Crores Rs 644 Crores
Balance Sheet Size FY14/15 Rs 24.88 Crore Rs 686.71 Crores
Balance Sheet Size FY15/16 Rs 27.85 Crore Rs 673.67 Crores
Balance Sheet Size FY16/17 Rs 43.79 Crore Rs 960.37 Crores
Balance Sheet Size FY17/18 Rs 38.20 Crore Rs 900.92 Crores
Balance Sheet Size FY18/19 Rs 31.09 Crore Rs 919.72 Crores
Balance Sheet Size FY19/20 Rs 45.13 Crore Rs 1013.81 Crores
Balance Sheet Size FY20/21 Rs 36.75 Crore Rs 1050.98 Crores
Balance Sheet Size FY21/22 Rs 42.25 Crore Rs 944.55 Crores
Balance Sheet Size FY22/23 Rs 23.91 Crore Rs 921.74 Crores

Comparison Link:

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Frequently Asked Questions

Is Tradesmart Online better than Geojit ?

Tradesmart Online and Geojit 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 Geojit better than Tradesmart Online ?

Tradesmart Online and Geojit 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 Geojit ?

Tradesmart Online and Geojit 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 Geojit cheaper than Tradesmart Online ?

Tradesmart Online and Geojit 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. Geojit ?

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