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Upstox vs Tradesmartonline – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Tradesmartonline 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 Upstox and Tradesmartonline.

Background

Year of Incorporation 2010 2015
Website https://upstox.com/ https://tradesmartonline.in/
Phone 022 - 41792999 022-61208000
Exchanges enabled NSE, BSE & MCX NSE, BSE
Demat (NSDL/CDSL) CDSL CDSL
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 16 Lakhs Rs 4 Lakhs
Profit after Tax FY12/13 Rs 24 lakhs Rs 17 Lakhs
Profit after Tax FY13/14 Rs 68 Lakhs Rs 23 Lakhs
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 23.14 Lakh
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 33.53 Lakh
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 35.78 Lakh
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 38.81 Lakh
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 40.22 Lakh
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 46.22 Lakh
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 49.57 Lakh
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 54.47 Lakh
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 66.68 Lakh
Debt FY11/12 0 Rs 8.7 Lakhs
Debt FY12/13 0 Rs 6 Lakhs
Debt FY13/14 Rs 1.38 Crores Rs 3.05 Crores
Debt FY14/15 Rs 1.77 Crores Rs 4.69 Crore
Debt FY15/16 Rs 2.13 Crores Rs 4.26 Crore
Debt FY16/17 Rs 2.44 Crores Rs 3.27 Crore
Debt FY17/18 Rs 2.87 Crores Rs 4.20 Crore
Debt FY18/19 Rs 3.11 Crores Rs 4.03 Crore
Debt FY19/20 Rs 3.56 Crores Rs 4.04 Crore
Debt FY20/21 Rs 3.91 Crores Rs 4.77 Crore
Debt FY21/22 Rs 4.18 Crores Rs 4.07 Crore
Debt FY22/23 Rs 4.40 Crores Rs 3.81 Crore
Profit to Equity(%) FY11/12 3.48 0.99
Profit to Equity(%) FY12/13 5.10 2.63
Profit to Equity(%) FY13/14 13.73 3.54
Profit to Equity(%) FY14/15 15.70 7.67
Profit to Equity(%) FY15/16 16.22 5.79
Profit to Equity(%) FY16/17 16.87 5.11
Profit to Equity(%) FY17/18 17.42 8.16
Profit to Equity(%) FY18/19 17.99 5.10
Profit to Equity(%) FY19/20 18.54 8.87
Profit to Equity(%) FY20/21 19.01 5.50
Profit to Equity(%) FY21/22 21.58 7.42
Profit to Equity(%) FY22/23 22.15 6.08
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 9.26 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 9.28 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 22.35 Crores
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 24.88 Crore
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 27.85 Crore
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 43.79 Crore
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 38.20 Crore
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 31.09 Crore
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 45.13 Crore
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 36.75 Crore
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 42.25 Crore
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 23.91 Crore
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Equity Futures Rs 20/executed order Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Equity Options Rs 20/executed order Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Currency Futures Rs 20/executed order Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Currency Options Rs 20/executed order Choose from Unlimited for Rs 1899/Month or Rs 15/executed order or 0.07% of Turnover
Commodity Rs 20/executed order NA
Account Opening Costs

Trading only Rs 250 Rs 400
Trading & Demat Rs 460 Rs 400
Commodity Rs 250 NA
Transparency & other costs

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

Equity 0.0035% on Turnover 0.0035% of Turnover
Futures 0.0021% on Turnover 0.0024% of Turnover
Options 0.059% on Premium Turnover 0.0715% of Premium Turnover
Commodities 0.0036% on Turnover NA
AMC charge Trading: 0, Rs 400/year for Demat Rs 300/yr
DP Transaction Charge Rs 22/debit transaction Rs 15/debit instruction
Offline order placing Charge Rs 25/order placed on the phone Rs 20/executed order
Platforms

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery Upto 5 times for intraday, 0 for delivery
Equity Futures Upto 4 times for intraday Upto 2 times for intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday No Margin
Currency Futures Upto 4 times for intraday Upto 2 times for intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday No Margin
Commodity Upto 3 times for intraday NA
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Compare Upstox Compare Tradesmartonline
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Upstox Vs Paytm Money Tradesmartonline Vs Paytm Money
Upstox Vs Goldmine Stocks Tradesmartonline Vs Goldmine Stocks
Upstox Vs Globe Capital Tradesmartonline Vs Globe Capital
Upstox Vs Fortune Trading Tradesmartonline Vs Fortune Trading
Upstox Vs Finvasia Tradesmartonline Vs Finvasia
Upstox Vs Farsight Securities Tradesmartonline Vs Farsight Securities
Upstox Vs Fairwealth Securities Tradesmartonline Vs Fairwealth Securities
Upstox Vs Elite Wealth Tradesmartonline Vs Elite Wealth
Upstox Vs Dealmoney Securites Tradesmartonline Vs Dealmoney Securites
Upstox Vs Competent Finman Tradesmartonline Vs Competent Finman
Upstox Vs Coimbatore Capital Tradesmartonline Vs Coimbatore Capital
Upstox Vs Cholamandalam Tradesmartonline Vs Cholamandalam
Upstox Vs Choice Equity Broking Tradesmartonline Vs Choice Equity Broking
Upstox Vs Canara Bank Tradesmartonline Vs Canara Bank
Upstox Vs Bonanza Portfolio Tradesmartonline Vs Bonanza Portfolio
Upstox Vs B N Rathi Tradesmartonline Vs B N Rathi
Upstox Vs BMA Wealth Creators Tradesmartonline Vs BMA Wealth Creators
Upstox Vs Bezel Stock Brokers Tradesmartonline Vs Bezel Stock Brokers
Upstox Vs Beeline Broking Tradesmartonline Vs Beeline Broking
Upstox Vs Bansal Finstock Tradesmartonline Vs Bansal Finstock
Upstox Vs Axis Direct Tradesmartonline Vs Axis Direct
Upstox Vs Ats Share Brokers Tradesmartonline Vs Ats Share Brokers
Upstox Vs Asit C Mehta Tradesmartonline Vs Asit C Mehta
Upstox Vs ASE Capital Markets Tradesmartonline Vs ASE Capital Markets
Upstox Vs Arihant Capital Tradesmartonline Vs Arihant Capital
Upstox Vs Alice Blue Tradesmartonline Vs Alice Blue
Upstox Vs 5Paisa Tradesmartonline Vs 5Paisa
Upstox Vs M.stock Tradesmartonline Vs M.stock
Upstox Vs WisdomCapital Tradesmartonline Vs WisdomCapital
Upstox Vs Way2wealth Tradesmartonline Vs Way2wealth
Upstox Vs Ventura Securities Tradesmartonline Vs Ventura Securities
Upstox Vs Tradeplus Online Tradesmartonline Vs Tradeplus Online
Upstox Vs Tradejini Tradesmartonline Vs Tradejini
Upstox Vs Tata Securities Tradesmartonline Vs Tata Securities
Upstox Vs Swastika Investmart Tradesmartonline Vs Swastika Investmart
Upstox Vs SMC Global Tradesmartonline Vs SMC Global
Upstox Vs SBICAP Securities Tradesmartonline Vs SBICAP Securities
Upstox Vs SASOnline Tradesmartonline Vs SASOnline
Upstox Vs Samco securities Tradesmartonline Vs Samco securities
Upstox Vs RKGlobal Tradesmartonline Vs RKGlobal
Upstox Vs Reliance Securities Tradesmartonline Vs Reliance Securities
Upstox Vs Nirmal Bang Tradesmartonline Vs Nirmal Bang
Upstox Vs Master Trust Capital Tradesmartonline Vs Master Trust Capital
Upstox Vs Kotak Securities Tradesmartonline Vs Kotak Securities
Upstox Vs Interactive Brokers Tradesmartonline Vs Interactive Brokers
Upstox Vs Indiainfoline Tradesmartonline Vs Indiainfoline
Upstox Vs Indiabulls Securities Tradesmartonline Vs Indiabulls Securities
Upstox Vs IDBI Capital Tradesmartonline Vs IDBI Capital
Upstox Vs HDFC Securities Tradesmartonline Vs HDFC Securities
Upstox Vs Geojit Tradesmartonline Vs Geojit
Upstox Vs Fyers Securities Tradesmartonline Vs Fyers Securities
Upstox Vs Edelweiss Capital Tradesmartonline Vs Edelweiss Capital
Upstox Vs Easytradez Tradesmartonline Vs Easytradez
Upstox Vs Asthatrade Tradesmartonline Vs Asthatrade
Upstox Vs Anand Rathi Tradesmartonline Vs Anand Rathi
Upstox Vs Aditya Birla Money Tradesmartonline Vs Aditya Birla Money
Upstox Vs Achiievers Tradesmartonline Vs Achiievers
Upstox Vs A C Choksi Tradesmartonline Vs A C Choksi
Upstox Vs Angel Broking Tradesmartonline Vs Angel Broking
Upstox Vs Motilal Oswal Tradesmartonline Vs Motilal Oswal
Upstox Vs ICICI Direct Tradesmartonline Vs ICICI Direct
Upstox Vs Sharekhan Tradesmartonline Vs Sharekhan
Upstox Vs Groww Tradesmartonline Vs Groww
Upstox Vs Zerodha Tradesmartonline Vs Zerodha

Frequently Asked Questions

Is Upstox better than Tradesmartonline ?

Upstox and Tradesmartonline 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 Tradesmartonline better than Upstox ?

Upstox and Tradesmartonline 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 cheaper than Tradesmartonline ?

Upstox and Tradesmartonline 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 Tradesmartonline cheaper than Upstox ?

Upstox and Tradesmartonline 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 Upstox vs. Tradesmartonline ?

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