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

Find a Comparison of Tradesmart Online vs Groww 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 Groww.

Background

Year of Incorporation 2015 2017
Website https://tradesmartonline.in/ https://groww.in/
Phone 022-61208000 +91 9108800604
Exchanges enabled NSE, BSE NSE, BSE, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL
Brokerage

Equity Rs 15 or 0.07% per executed order Rs 20 or 0.05% per order
Equity Futures Rs 15 or 0.07% per executed order Rs 20 per executed order
Equity Options Rs 7 per lot Rs 20 per executed order
Currency Futures R15 or 0.07% of Turnover Rs 0
Currency Options Rs 7 per lot Rs 0
Commodity Rs 7 per lot Rs 0
Account Opening Costs

Trading only Rs 400 Free
Trading & Demat Rs 400 Rs. 0
Commodity NA Rs. 0
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 0.0035%
Options 0.0715% of Premium Turnover 0.07%
Commodities NA 0.004%
AMC charge Rs 300/yr Rs 0
DP Transaction Charge Rs 15/debit instruction Rs.13.5 per company
Offline order placing Charge Rs 20/executed order Rs 25
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 days on NOW 22 days
End of Day 10 days on NOW 10 days
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x for intraday 5x
Equity Futures 2x for intraday 2x for intraday
Equity Options No Margin No leverage
Currency Futures 2x for intraday 2x for intraday
Currency Options No Margin No leverage
Commodity 1x 2x for intraday
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 70.6 crores
Profit after Tax FY12/13 Rs 17 Lakhs Rs 70.48 crores
Profit after Tax FY13/14 Rs 23 Lakhs Rs 73.78 Crore
Profit after Tax FY 14/15 Rs 23.14 Lakh Rs 75.92 Crore
Profit after Tax FY 15/16 Rs 33.53 Lakh Rs 82.85 Crore
Profit after Tax FY 16/17 Rs 35.78 Lakh Rs 90.11 Crore
Profit after Tax FY 17/18 Rs 38.81 Lakh Rs 106.09 Crore
Profit after Tax FY 18/19 Rs 40.22 Lakh Rs 115.68 Crore
Profit after Tax FY 19/20 Rs 46.22 Lakh Rs 120.61 Crore
Profit after Tax FY 20/21 Rs 49.57 Lakh Rs 141.70 Crore
Profit after Tax FY 21/22 Rs 54.47 Lakh Rs 244.93 Crore
Profit after Tax FY 22/23 Rs 66.68 Lakh Rs 205.65 Crore
Debt FY11/12 Rs 8.7 Lakhs Rs 51 Crores
Debt FY12/13 Rs 6 Lakhs Rs 41.5 Crores
Debt FY13/14 Rs 3.05 Crores Rs 42.93 Crore
Debt FY14/15 Rs 4.69 Crore Rs 49.48 Crore
Debt FY15/16 Rs 4.26 Crore Rs 41.73 Crore
Debt FY16/17 Rs 3.27 Crore Rs 54.26 Crore
Debt FY17/18 Rs 4.20 Crore Rs 69.77 Crore
Debt FY18/19 Rs 4.03 Crore Rs 57.16 Crore
Debt FY19/20 Rs 4.04 Crore Rs 51.39 Crore
Debt FY20/21 Rs 4.77 Crore Rs 57.47 Crore
Debt FY21/22 Rs 4.07 Crore Rs 77.59 Crore
Debt FY22/23 Rs 3.81 Crore Rs 80.11 Crore
Profit to Equity(%) FY11/12 0.99 62.90
Profit to Equity(%) FY12/13 2.63 12.38
Profit to Equity(%) FY13/14 3.54 14.86
Profit to Equity(%) FY14/15 7.67 17.05
Profit to Equity(%) FY15/16 5.79 14.29
Profit to Equity(%) FY16/17 5.11 19.11
Profit to Equity(%) FY17/18 8.16 21.51
Profit to Equity(%) FY18/19 5.10 18.17
Profit to Equity(%) FY19/20 8.87 14.49
Profit to Equity(%) FY20/21 5.50 18.46
Profit to Equity(%) FY21/22 7.42 14.70
Profit to Equity(%) FY22/23 6.08 25.75
Balance Sheet Size FY11/12 Rs 9.26 Crores Rs 304 Crores
Balance Sheet Size FY12/13 Rs 9.28 Crores Rs 296.15 Crores
Balance Sheet Size FY13/14 Rs 22.35 Crores Rs 333.40 Crore
Balance Sheet Size FY14/15 Rs 24.88 Crore Rs 306.36 Crore
Balance Sheet Size FY15/16 Rs 27.85 Crore Rs 533.57 Crore
Balance Sheet Size FY16/17 Rs 43.79 Crore Rs 544.52 Crore
Balance Sheet Size FY17/18 Rs 38.20 Crore Rs 3952.01 Crore
Balance Sheet Size FY18/19 Rs 31.09 Crore Rs 4280.32 Lakh
Balance Sheet Size FY19/20 Rs 45.13 Crore Rs 4476 Lakh
Balance Sheet Size FY20/21 Rs 36.75 Crore Rs 4627 Lakh
Balance Sheet Size FY21/22 Rs 42.25 Crore Rs 6184.35 Lakh
Balance Sheet Size FY22/23 Rs 23.91 Crore Rs 5994 Crores

Comparison Link:

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Frequently Asked Questions

Is Tradesmart Online better than Groww ?

Tradesmart Online and Groww 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 Groww better than Tradesmart Online ?

Tradesmart Online and Groww 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 Groww ?

Tradesmart Online and Groww 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 Groww cheaper than Tradesmart Online ?

Tradesmart Online and Groww 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. Groww ?

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