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

Find a Comparison of Tradesmart Online vs IIFL 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 IIFL Securities.

Background

Year of Incorporation 2015 1996
Website https://tradesmartonline.in/ https://www.indiainfoline.com/
Phone 022-61208000 022-40071000
Exchanges enabled NSE, BSE NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) CDSL NSDL/CDSL
Brokerage

Equity Rs 15 or 0.07% per executed order 0.05% Intraday & 0.5% Delivery - Negotiable
Equity Futures Rs 15 or 0.07% per executed order 0.05% of Turnover - Negotiable
Equity Options Rs 7 per lot Rs 100/lot - Negotiable
Currency Futures R15 or 0.07% of Turnover Rs 25/lot - Negotiable
Currency Options Rs 7 per lot Rs 10/lot - Negotiable
Commodity Rs 7 per lot 0.03% - Negotiable
Account Opening Costs

Trading only Rs 400 Zero
Trading & Demat Rs 400 Rs 750
Commodity NA NIL
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 0.0038% of Turnover
Options 0.0715% of Premium Turnover 0.058% of Turnover
Commodities NA 0.0041% of Turnover
AMC charge Rs 300/yr One time Rs 555 or Rs 25/month
DP Transaction Charge Rs 15/debit instruction 0.05% ( Minimum Rs 15 & Max Rs 100)
Offline order placing Charge Rs 20/executed order NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 days on NOW 20 Days
End of Day 10 days on NOW 10 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x for intraday Upto 20x Intraday, & 3x for Delivery
Equity Futures 2x for intraday Upto 3x for Intraday
Equity Options No Margin Buying no leverage, Shorting upto 3x
Currency Futures 2x for intraday Upto 2x for Intraday
Currency Options No Margin Buying no leverage, Shorting upto 2x
Commodity 1x Upto 3x 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 2.78 Crores
Profit after Tax FY12/13 Rs 17 Lakhs Rs 9.69 Crores
Profit after Tax FY13/14 Rs 23 Lakhs Rs 14.69 Crores
Profit after Tax FY 14/15 Rs 23.14 Lakh Rs 20.18 Crores
Profit after Tax FY 15/16 Rs 33.53 Lakh Rs 25.84 Crores
Profit after Tax FY 16/17 Rs 35.78 Lakh Rs 31.10 Crores
Profit after Tax FY 17/18 Rs 38.81 Lakh Rs 31.10 Crores
Profit after Tax FY 18/19 Rs 40.22 Lakh Rs 20.40 Crores
Profit after Tax FY 19/20 Rs 46.22 Lakh Rs 27.72 Crores
Profit after Tax FY 20/21 Rs 49.57 Lakh Rs 32.50 Crores
Profit after Tax FY 21/22 Rs 54.47 Lakh Rs (214.66) Crores
Profit after Tax FY 22/23 Rs 66.68 Lakh Rs (258.79) Crores
Debt FY11/12 Rs 8.7 Lakhs Rs 66.8 Crores
Debt FY12/13 Rs 6 Lakhs Rs 78.93 Crores
Debt FY13/14 Rs 3.05 Crores Rs 86.11 Crores
Debt FY14/15 Rs 4.69 Crore Rs 97.03 Crores
Debt FY15/16 Rs 4.26 Crore Rs 112.99 Crores
Debt FY16/17 Rs 3.27 Crore Rs 82.92 Crores
Debt FY17/18 Rs 4.20 Crore Rs 126.84 Crores
Debt FY18/19 Rs 4.03 Crore Rs 135.59 Crores
Debt FY19/20 Rs 4.04 Crore Rs 89.28 Crores
Debt FY20/21 Rs 4.77 Crore Rs 80.36 Crores
Debt FY21/22 Rs 4.07 Crore Rs 135.19 Crores
Debt FY22/23 Rs 3.81 Crore Rs 122.87 Crores
Profit to Equity(%) FY11/12 0.99 17.48%
Profit to Equity(%) FY12/13 2.63 16.92%
Profit to Equity(%) FY13/14 3.54 21.8%
Profit to Equity(%) FY14/15 7.67 17.22%
Profit to Equity(%) FY15/16 5.79 17.54%
Profit to Equity(%) FY16/17 5.11 26.31%
Profit to Equity(%) FY17/18 8.16 24.73%
Profit to Equity(%) FY18/19 5.10 13.33%
Profit to Equity(%) FY19/20 8.87 19.84%
Profit to Equity(%) FY20/21 5.50 21.30%
Profit to Equity(%) FY21/22 7.42 18.94%
Profit to Equity(%) FY22/23 6.08 23.60%
Balance Sheet Size FY11/12 Rs 9.26 Crores Rs 782 Crores
Balance Sheet Size FY12/13 Rs 9.28 Crores Rs 817 Crores
Balance Sheet Size FY13/14 Rs 22.35 Crores Rs 827 Crores
Balance Sheet Size FY14/15 Rs 24.88 Crore Rs 837.82 Crores
Balance Sheet Size FY15/16 Rs 27.85 Crore Rs 835.05 Crores
Balance Sheet Size FY16/17 Rs 43.79 Crore Rs 909.25 Crores
Balance Sheet Size FY17/18 Rs 38.20 Crore Rs 947.73 Crores
Balance Sheet Size FY18/19 Rs 31.09 Crore Rs 957.83 Crores
Balance Sheet Size FY19/20 Rs 45.13 Crore Rs 960.20 Crores
Balance Sheet Size FY20/21 Rs 36.75 Crore Rs 1,161.14 Crores
Balance Sheet Size FY21/22 Rs 42.25 Crore Rs 1,315.5 Crores
Balance Sheet Size FY22/23 Rs 23.91 Crore Rs 1,345 Crores

Comparison Link:

Compare Tradesmart Online Compare IIFL Securities
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Tradesmart Online Vs Groww IIFL Securities Vs Groww
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Tradesmart Online Vs Zerodha IIFL Securities Vs Zerodha

Frequently Asked Questions

Is Tradesmart Online better than IIFL Securities ?

Tradesmart Online and IIFL 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 IIFL Securities better than Tradesmart Online ?

Tradesmart Online and IIFL 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 IIFL Securities ?

Tradesmart Online and IIFL 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 IIFL Securities cheaper than Tradesmart Online ?

Tradesmart Online and IIFL 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. IIFL Securities ?

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