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

Find a Comparison of Tradesmart Online vs Upstox 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 Upstox.

Background

Year of Incorporation 2015 2010
Website https://tradesmartonline.in/ https://upstox.com/
Phone 022-61208000 022-41792999
Exchanges enabled NSE, BSE NSE, BSE & MCX
Demat (NSDL/CDSL) CDSL CDSL
Brokerage

Equity Rs 15 or 0.07% per executed order Rs 20 or 0.05% on Intraday & Rs 20 or 2.5% on Delivery
Equity Futures Rs 15 or 0.07% per executed order Rs 20 or 0.05% per executed order
Equity Options Rs 7 per lot Rs 20 per lot
Currency Futures R15 or 0.07% of Turnover Rs 20 or 0.05% per executed order
Currency Options Rs 7 per lot Rs. 20 per lot
Commodity Rs 7 per lot Rs 20 per executed order
Account Opening Costs

Trading only Rs 400 Free
Trading & Demat Rs 400 Zero
Commodity NA Zero
Transparency & other costs

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

Equity 0.0035% of Turnover 0.0035% on Turnover
Futures 0.0024% of Turnover 0.0021% on Turnover
Options 0.0715% of Premium Turnover 0.059% on Premium Turnover
Commodities NA 0.0036% on Turnover
AMC charge Rs 300/yr Zero
DP Transaction Charge Rs 15/debit instruction Rs 18.5 per debit transaction
Offline order placing Charge Rs 20/executed order Rs 25 per order placed on the phone
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 days on NOW 22 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 5x on Intraday and Upto 1x on Delivery
Equity Futures 2x for intraday Upto 4x for intraday
Equity Options No Margin Buying no leverage, shorting upto 4x for intraday
Currency Futures 2x for intraday Upto 4x for intraday
Currency Options No Margin Buying no leverage, shorting upto 4x for intraday
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 16 Lakhs
Profit after Tax FY12/13 Rs 17 Lakhs Rs 24 lakhs
Profit after Tax FY13/14 Rs 23 Lakhs Rs 68 Lakhs
Profit after Tax FY 14/15 Rs 23.14 Lakh Rs 71 Lakhs
Profit after Tax FY 15/16 Rs 33.53 Lakh Rs 73 Lakhs
Profit after Tax FY 16/17 Rs 35.78 Lakh Rs 77 Lakhs
Profit after Tax FY 17/18 Rs 38.81 Lakh Rs 86 Lakhs
Profit after Tax FY 18/19 Rs 40.22 Lakh Rs 92 Lakhs
Profit after Tax FY 19/20 Rs 46.22 Lakh Rs 97 Lakhs
Profit after Tax FY 20/21 Rs 49.57 Lakh Rs 5 Crores
Profit after Tax FY 21/22 Rs 54.47 Lakh Rs 18 Crores
Profit after Tax FY 22/23 Rs 66.68 Lakh Rs 25 Crores
Debt FY11/12 Rs 8.7 Lakhs 0
Debt FY12/13 Rs 6 Lakhs 0
Debt FY13/14 Rs 3.05 Crores Rs 1.38 Crores
Debt FY14/15 Rs 4.69 Crore Rs 1.77 Crores
Debt FY15/16 Rs 4.26 Crore Rs 2.13 Crores
Debt FY16/17 Rs 3.27 Crore Rs 2.44 Crores
Debt FY17/18 Rs 4.20 Crore Rs 2.87 Crores
Debt FY18/19 Rs 4.03 Crore Rs 3.11 Crores
Debt FY19/20 Rs 4.04 Crore Rs 3.56 Crores
Debt FY20/21 Rs 4.77 Crore Rs 3.91 Crores
Debt FY21/22 Rs 4.07 Crore Rs 4.18 Crores
Debt FY22/23 Rs 3.81 Crore Rs 4.40 Crores
Profit to Equity(%) FY11/12 0.99 3.48%
Profit to Equity(%) FY12/13 2.63 5.10%
Profit to Equity(%) FY13/14 3.54 13.73%
Profit to Equity(%) FY14/15 7.67 15.70%
Profit to Equity(%) FY15/16 5.79 16.22%
Profit to Equity(%) FY16/17 5.11 16.87%
Profit to Equity(%) FY17/18 8.16 17.42%
Profit to Equity(%) FY18/19 5.10 17.99%
Profit to Equity(%) FY19/20 8.87 18.54%
Profit to Equity(%) FY20/21 5.50 19.01%
Profit to Equity(%) FY21/22 7.42 21.58%
Profit to Equity(%) FY22/23 6.08 22.15%
Balance Sheet Size FY11/12 Rs 9.26 Crores Rs 16.23 Crores
Balance Sheet Size FY12/13 Rs 9.28 Crores Rs 25.10 Crores
Balance Sheet Size FY13/14 Rs 22.35 Crores Rs 32.97 Crores
Balance Sheet Size FY14/15 Rs 24.88 Crore Rs 38.78 Crores
Balance Sheet Size FY15/16 Rs 27.85 Crore Rs 49.94 Crores
Balance Sheet Size FY16/17 Rs 43.79 Crore Rs 50.25 Crores
Balance Sheet Size FY17/18 Rs 38.20 Crore Rs 58.87 Crores
Balance Sheet Size FY18/19 Rs 31.09 Crore Rs 63.55 Crores
Balance Sheet Size FY19/20 Rs 45.13 Crore Rs 75.90 Crores
Balance Sheet Size FY20/21 Rs 36.75 Crore Rs 89.52 Crores
Balance Sheet Size FY21/22 Rs 42.25 Crore Rs 105.55 Crores
Balance Sheet Size FY22/23 Rs 23.91 Crore Rs 116.10 Crores

Comparison Link:

Compare Tradesmart Online Compare Upstox
Tradesmart Online Vs Punch Upstox Vs Punch
Tradesmart Online Vs BlinkX Upstox Vs BlinkX
Tradesmart Online Vs Lemonn Upstox Vs Lemonn
Tradesmart Online Vs Mandot Securities Upstox Vs Mandot Securities
Tradesmart Online Vs HDFC Sky Upstox Vs HDFC Sky
Tradesmart Online Vs Dhan Upstox Vs Dhan
Tradesmart Online Vs Goodwill Wealth Upstox Vs Goodwill Wealth
Tradesmart Online Vs Shoonya by Finvasia Upstox Vs Shoonya by Finvasia
Tradesmart Online Vs NJ Wealth Upstox Vs NJ Wealth
Tradesmart Online Vs Paytm Money Upstox Vs Paytm Money
Tradesmart Online Vs Goldmine Stocks Upstox Vs Goldmine Stocks
Tradesmart Online Vs Globe Capital Upstox Vs Globe Capital
Tradesmart Online Vs Finvasia Upstox Vs Finvasia
Tradesmart Online Vs Coimbatore Capital Upstox Vs Coimbatore Capital
Tradesmart Online Vs Cholamandalam Securities Upstox Vs Cholamandalam Securities
Tradesmart Online Vs Choice Equity Broking Upstox Vs Choice Equity Broking
Tradesmart Online Vs Canara Bank Upstox Vs Canara Bank
Tradesmart Online Vs Bonanza Portfolio Upstox Vs Bonanza Portfolio
Tradesmart Online Vs Bezel Stock Brokers Upstox Vs Bezel Stock Brokers
Tradesmart Online Vs Beeline Broking Upstox Vs Beeline Broking
Tradesmart Online Vs Bansal Finstock Upstox Vs Bansal Finstock
Tradesmart Online Vs Axis Direct Upstox Vs Axis Direct
Tradesmart Online Vs ASE Capital Markets Upstox Vs ASE Capital Markets
Tradesmart Online Vs Arihant Capital Upstox Vs Arihant Capital
Tradesmart Online Vs Alice Blue Upstox Vs Alice Blue
Tradesmart Online Vs 5Paisa Upstox Vs 5Paisa
Tradesmart Online Vs M.stock Upstox Vs M.stock
Tradesmart Online Vs WisdomCapital Upstox Vs WisdomCapital
Tradesmart Online Vs Way2wealth Upstox Vs Way2wealth
Tradesmart Online Vs Ventura Securities Upstox Vs Ventura Securities
Tradesmart Online Vs Navia Markets Ltd Upstox Vs Navia Markets Ltd
Tradesmart Online Vs Tradejini Upstox Vs Tradejini
Tradesmart Online Vs Tata Securities Upstox Vs Tata Securities
Tradesmart Online Vs Swastika Investmart Upstox Vs Swastika Investmart
Tradesmart Online Vs SMC Global Upstox Vs SMC Global
Tradesmart Online Vs SBICAP Securities Upstox Vs SBICAP Securities
Tradesmart Online Vs SASOnline Upstox Vs SASOnline
Tradesmart Online Vs Samco securities Upstox Vs Samco securities
Tradesmart Online Vs RK Global Upstox Vs RK Global
Tradesmart Online Vs Reliance Securities Upstox Vs Reliance Securities
Tradesmart Online Vs Nirmal Bang Upstox Vs Nirmal Bang
Tradesmart Online Vs Master Trust Capital Upstox Vs Master Trust Capital
Tradesmart Online Vs Kotak Securities Upstox Vs Kotak Securities
Tradesmart Online Vs Interactive Brokers Upstox Vs Interactive Brokers
Tradesmart Online Vs IIFL Securities Upstox Vs IIFL Securities
Tradesmart Online Vs Dhani Upstox Vs Dhani
Tradesmart Online Vs IDBI Capital Upstox Vs IDBI Capital
Tradesmart Online Vs HDFC Securities Upstox Vs HDFC Securities
Tradesmart Online Vs Geojit Upstox Vs Geojit
Tradesmart Online Vs Fyers Securities Upstox Vs Fyers Securities
Tradesmart Online Vs Edelweiss Capital Upstox Vs Edelweiss Capital
Tradesmart Online Vs Easytradez Upstox Vs Easytradez
Tradesmart Online Vs Rupeezy Upstox Vs Rupeezy
Tradesmart Online Vs Anand Rathi Upstox Vs Anand Rathi
Tradesmart Online Vs Aditya Birla Money Upstox Vs Aditya Birla Money
Tradesmart Online Vs Achiievers Upstox Vs Achiievers
Tradesmart Online Vs A C Choksi Upstox Vs A C Choksi
Tradesmart Online Vs Angel Broking Upstox Vs Angel Broking
Tradesmart Online Vs Motilal Oswal Upstox Vs Motilal Oswal
Tradesmart Online Vs ICICI Direct Upstox Vs ICICI Direct
Tradesmart Online Vs Sharekhan Upstox Vs Sharekhan
Tradesmart Online Vs Groww Upstox Vs Groww
Tradesmart Online Vs Zerodha Upstox Vs Zerodha

Frequently Asked Questions

Is Tradesmart Online better than Upstox ?

Tradesmart Online and Upstox 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 Upstox better than Tradesmart Online ?

Tradesmart Online and Upstox 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 Upstox ?

Tradesmart Online and Upstox 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 Upstox cheaper than Tradesmart Online ?

Tradesmart Online and Upstox 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. Upstox ?

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