Upstox Vs Trade Smart Online Comparison
We are looking at a comparison of two brokerage firms. Upstox and Trade Smart Online which are two well-known financial companies that give services in financial stock brokerage in India.
The below details of Upstox vs Trade Smart Online compare covers both stock broker companies’ offered products and services, open an account online and their various account related and service charges and benefits that they provide to give you an idea about the brokerage comparison.
After going through this article, you will know among Upstox vs Trade Smart Online which is a better stockbroker company.
Upstox vs Trade Smart Online company details
It is a platform for trading launched by RKSV, a Mumbai based discount brokerage company.
They help institutional firms and retail lenders to invest in Upstox stocks, commodities, currency and equity products at low rates.
They are backed and supported financially by Ratan N Tata (Tata Group Chairman), GVK Davix (gives research services in pharmacology, etc.) and Kalaari capital (Venture Capital firm who invest in technology-based companies).
Trade Smart Online
A Mumbai based trading venture of VNS finance, which has 20 years of the track record of the brokerage business, Trade Smart Online puts forth the same trust and expertise similar to their parent company and give a worthwhile experience.
Like other stockbroker companies, Trade Smart Online gives services in currency derivatives, Futures and Options in commodity and equity trading.
They have a range of trading entities like investing in agriculture products, metals, etc.
|Established in||1999; incorporated in NSE in 2012||2011; started as RKSV|
|Headquarters||Mumbai, India||Mumbai, India|
|Founder(s)||Vijay Singhania||Raghu Kumar, |
|Type of Broker||Discount Broker||Discount Broker|
|No. of branches||22 branch & |
90+ partner offices Pan India
|Supported Exchanges||NSE, BSE, MCX NCDX||NSE, BSE, MCX|
|Active Client Base||22000+||1,00,000+|
Upstox vs Trade Smart Online products comparison
I. Upstox Pro
Upstox provide a set of tools for trading.
- Pro Web – Experience a simple but powerful HTML-based web platform that does market analysis efficiently through relevant charts, hundreds of indicators, where you can personalize and organize the platform and have better experience in trading.
- Pro Mobile – iOS and android mobile-based platform where one can pinpoint the trends through Upstox charts and make precise decisions and get instant notifications about their trading’s.
- Bridge for Amibroker – It is a charting tool where strategies are made through back testing and analyzing the trading market with a set of charts and several indicators and create a kind of simulation to understand Upstox trading platform.
II. Upstox Dev
Created specifically for developers. The API can be used to create a trading and investment platform. Currently accessed by closed group people only.
III. Upstox MF
Mutual funds can be invested in Upstox mutual fund platform where they offer various portfolios in funds as per needs.
Trade Smart Online
Also known as Solid and Secure Online Trading. It is a mobile-based platform available in Google Play and Apple app store for a matchless experience in trading.
Real-time scanning to get the required strategies to understand the best stocks and to also know whether a stock is bearish or bullish.
Trade Smart Online provides an online trading software tool for handling of demat account by clients themselves at a professional level.
It is meant for Windows PC users and is downloadable for free.
III. Browser Based
There is a third option for online share trading where simply through a browser and an internet connection, trading is possible in commodity, currency and share trading. Particularly useful to frequently travelling people.
|Investment Options||Trade Smart||Upstox|
|Currency & Derivatives||Available||Available|
|Online IPO Application||Not Available||Not Available|
|Debt||Not Available||Not Available|
|Banking||Not Available||Not Available|
|Insurance||Not Available||Not Available|
|Forex||Not Available||Not Available|
|Equity SIP Investment||Not Available||Not Available|
|MF SIP Investment||Not Available||Not Available|
|PMS||Not Available||Not Available|
Upstox vs Trade Smart Online Benefit
|Upstox||Trade Smart Online|
|No. 1 in brokerage services in terms of active client.||There is no hidden cost and trade can be done in multiple markets with different products.|
|The technology used is highly advanced for dealing with any trading issues and is user-friendly.||Chat facility with referral program.|
|Lot of option to choose from Retirement planning, Insurances, Investment Advice, Wealth building, etc.||Advanced digital platform with various options to choose from. Knowledge database for educating people on the stock market.|
|Option to choose from either short term or long-term trading.||Expert help to solve any stock related queries online.|
Read also: Upstox Brokerage Calculator Online
Account Open Process Compare
Upstox lets you easily open an account online with ease.
|Upstox||Trade Smart Online|
|Click on Open Demat Account and then sign up using email and mobile no to get an OTP of six digits. |
Click on sign up and then fill your PAN no and date of birth and after that click on next.
Choose your gender, marital status, annual income, trading experience, politically exposed or not, occupation, father’s name as per PAN.
Whether Indian origin or not for tax residency and then click on next.
In the trading preferences, select the section for trading, leverage plan on equity cash, enter coupon code if available and then click on next.
Accept the terms and conditions by clicking on yes
Enter your bank account details with account holder name, IFSC code, bank account no and click on next.
Upload your signature, income proof of last six months and click on next
Give your address details as per specified and then click on next.
Upload your digital PAN and photo and click next
Refer someone or skip the process
If your Aadhaar no is linked to your mobile, then click on e-sign with Aadhaar otp tab or click on
i will courier the form if not linked
Click on e-sign now, using the Aadhaar no. Type the six-digit security code and then click on submit
Enter Aadhaar no. and then OTP in NSDL e-sign service page and submit
|Provide your name, email id and mobile no and then click on open an account. |
Fill your details with your PAN no and date of birth.
Select the type of account you want to apply for in equity and whether choose whether to select commodity and currency.
Go to the payment section and proceed to next step.
Give your personal details, address, income and then to the next step.
Choose your tax residency and in next step photo verification.
Upload your digital details like PAN, cancel cheque, bank statement for six months, signature, photo and other documents.
In the next step give your bank account details like account no., MICR code, etc.
Confirm with link with your email address.
Give your OTP send to your mobile no given earlier.
Complete e-sign service with NSDL portal with Aadhaar no. and OTP and click on submit.
* Bank account should be linked with Aadhaar no.
Upstox vs Trade Smart Online Charges Comparison
Let’s look at the account charges comparison between two companies Upstox and Trade Smart Online to know their account-based charges.
|Types of Charges||Upstox Charges||Trade Smart Online Charges|
|Trading Account||Rs. 0||Rs. 200|
|Equity Accounts||Rs. 0||Rs. 200|
|Commodity Account||Rs. 0||Rs. NA|
|Annual Maintenance Charges (AMC)||Rs. 150||Rs. 300|
|Other Charges||Upstox Charges||Trade Smart Online Charges|
|Call and Trade Charges||Rs. 20||Rs. 20|
Zerodha vs Upstox Brokerage Charges
|Equity Intraday||Flat Rs.15||Rs.20 per trade or 0.05% (whichever is lower)|
|Equity Futures||Flat Rs.15||Rs.20 per trade or 0.05% (whichever is lower)|
|Equity Options||Rs. 15 per lot||Rs.20 per trade or 0.05% (whichever is lower)|
|Currency Futures||Flat Rs.15||Rs.20 per trade or 0.05% (whichever is lower)|
|Currency Options||Rs. 15 per lot||Rs.20 per trade or 0.05% (whichever is lower)|
|Commodities Futures||Flat Rs.15||Rs.20 per trade or 0.05% (whichever is lower)|
|Commodities Options||Rs. 15 per lot||Rs.20 per trade or 0.05% (whichever is lower)|
Advantages & Disvantage Compare
|Upstox||Trade Smart Online|
|Upstox understands the stock market trading needs. |
It helps save costs as Upstox do not charge brokerage on trades.
|More than 50000 satisfied customers with Trade Smart Online’s 25 years of proficiency in share trade with more than Rs. 5000 regular revenue.|
Quick facility of fund transfer to more than twenty-four banks.
If a client is not satisfied with any brokerage plan, then they have the freedom to change it anytime.
Trade Smart Online provides the advantage of funding short term trades with the amount generated from long-term investments.
|They are stock market industry leader as they have a daily turnover of Rs. 5000 crores for all their exchanges which means that they are roughly 2% of NSEs total turnover. |
So that’s a brand name that can be trusted. Upstox provides a strong support for leveraging technology.
In fact, they are a technology-based firm that is present in the financial services space.
They give every effort to constantly innovate and support their clients with tools to help make better and wiser trading decisions.
Leveraging technology to create better and innovative tools to make wiser decisions for trading efficiently.
|Within 30 seconds calls of customers are received to cut short call hold time.|
Zerodha vs Upstox margin / Exposure/ Leverage
|Equity Delivery||No margin||Upto 2.5x|
|Equity Futures||Upto7x||Upto 4x|
|Equity Options||Upto7x (only selling)||Upto 4x|
|Currency Futures||Upto3x||Upto 4x|
|Currency Options||Upto3x||Upto 4x|
|Commodities Trading||Upto6x||Upto 2.5x|
Upstox vs Trade Smart Online Comparison Summary
Upstox provide a varied range of platforms to make you stock market ready whereas Trade Smart online is backed by years of expertise in the field.
Analysing the above data about upstox vs trade smart online which is better, you will know about their advantages and disadvantages and brokerage comparison.
Leave your comments about whom would you choose.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.