ResourceStock Brokers
TradeSmart Vs Fyers: Which one is better?
Last updated August 26, 2026
This IPO News reference page covers “TradeSmart Vs Fyers: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare tradesmart vs fyers on service, account opening charges and amc, compare tradesmart vs fyers on trading & demat account opening charges, about brokerage plans. IPO News presents the structured facts and tables in its own layout and wording.
Topics Covered
- Compare Stock Brokers Side-by-Side
- Compare TradeSmart vs Fyers on Service
- Account Opening Charges and AMC
- Compare TradeSmart vs Fyers on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare TradeSmart vs Fyers on Plan Options
- Account Opening
- Brokerage Charges
- Compare TradeSmart vs Fyers on Transaction Charges
- Share Broker's Transaction Charges
- Account Features
- Compare TradeSmart vs Fyers on Account Features
- Trading Platform
- Compare TradeSmart vs Fyers on Trading Platform
- Broker Ratings by Users
- Compare TradeSmart vs Fyers on User Rating
- Investment Offerings
- Compare TradeSmart vs Fyers on Investment Offerings
- Margin Trading Facility
- Compare TradeSmart vs Fyers on MTF
- API
- Compare TradeSmart vs Fyers on API Details
- Customer Service Offered
- Compare TradeSmart vs Fyers on Customer Service
- Tips/Research/Reports Published
- Compare TradeSmart vs Fyers on Research Reports, Tips
- Demat Account
- Compare TradeSmart vs Fyers on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare TradeSmart vs Fyers on Special Offers and Promotion
Key Facts
- India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
- Both the brokers are registered with SEBI. TradeSmart offers investmenet in Equity, F&O and Currency only, where Fyers offers investment in Equity, F&O, Currency and Commodities..
- Brokerage: TradeSmart Max Rs 15 per trade vs Fyers Max Rs 20 per trade.
- Rating: both equal, 4 out of 5.
- Here we present side-by-side comparison of TradeSmart vs Fyers share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
- Fyers Brokerage Plan detail – Trade in any segment with Free delivery trading and competitive brokerage of max Rs 20 in all other segments.
- Fyers Securities offers Free AMC for Demat account where TradeSmart charges Rs 300 PA (Free for 1st year) AMC for Demat account.
- Transaction charges on debit of ISIN for TradeSmart is ₹15 where for Fyers is ₹7 + ₹5.50 (CDSL Charges) per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.
- Lowest brokerage: Trade at 15 flat brokerage fees.
- Online Direct mutual fund investment at Rs.0 brokerage.
- Trade on BSE, NSE, and MCX
- Rs 20 fixed brokerage on all segments
- Cheapest Rs 50/order brokerage on NRI trading
- No 3-in-1 account offering
- 💹 Lowest Brokerage – Flat ₹15 per Order or 0.007%
- 💹 Max ₹20 per Order Brokerage on Delivery, Intraday, F&O, Commodities & Currency
- Last Updated on Fri, May 8, 2026
Data Tables
| Segment |
TradeSmart |
Fyers |
| Trading Account Opening Fees |
Free |
Free |
| Trading AMC |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
| Demat AMC |
Rs 300 PA (Free for 1st year) |
Free |
| Provide DP Service |
Yes |
Yes |
| Plan Types |
TradeSmart |
Fyers |
| Multiple Plans |
Yes |
Yes |
| Monthly Plans |
No |
No |
| Yearly Plans |
No |
No |
|
TradeSmart |
Fyers |
| Account Opening Request |
|
Open Fyers Account |
| Brokerage Charges Compare |
TradeSmart |
Fyers |
| Plan Name |
Flat Fee Rs 15 Trading Plan (Power Plan) |
Max Rs 20 Per Order Trading Plan |
| Equity Delivery |
Flat Fee Rs 15 |
0.30% or Rs 20 |
| Equity Intraday |
Flat Fee Rs 15 |
0.03% or Rs 20 |
| Equity Futures |
Flat Fee Rs 15 |
0.03% or Rs 20 |
| Equity Options |
Flat Fee Rs 15 |
Flat Fee Rs 20 |
| Currency Futures |
Flat Fee Rs 15 |
0.03% or Rs 20 |
| Currency Options |
Flat Fee Rs 15 |
Flat Fee Rs 20 |
| Commodity Trading |
Flat Fee Rs 15 |
Flat Fee Rs 20 |
| Minimum Brokerage |
|
|
| Hidden Charges |
No |
No |
| Call & Trade Charges |
Rs 20 per executed Order |
Rs 50 Per Order |
| Auto Square off Charges |
Rs 20 per executed Order |
Rs 50 Per Order |
| Brokerage Calculator |
Brokerage Calculator for TradeSmart |
Brokerage Calculator for Fyers |
| Transaction Charges Compare |
TradeSmart |
Fyers |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Intraday |
NSE:297 | BSE:375 Per Cr |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
NSE:173 | BSE:0 Per Cr |
| Equity Options |
NSE:3503 | BSE:3250 Per Cr on premium |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
NSE:35 | BSE:45 Per Cr |
| Currency Options |
NSE:3110 | BSE:100 Per Cr |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for trade-smart-online |
Complete Brokerage Plans for fyers |
| Account Features Compare |
TradeSmart |
Fyers |
| 3 in 1 Account |
No |
No |
| Charting |
Yes |
Yes |
| Algo Trading |
Yes |
Yes |
| SMS Alerts |
No |
No |
| Online Demo |
Yes |
Yes |
| Online Portfolio |
No |
No |
| Margin Trading Funding Available |
No |
No |
| Combined Ledger for Equity and Commodity |
Yes |
Yes |
| Intraday Square-off Time |
3:15PM |
3:15 PM |
| NRI Trading |
No |
Yes |
| Other Features |
NIL |
Fyers 30 Day Challenge |
| Trading Platform Compare |
TradeSmart |
Fyers |
| Web Trading Platform |
Yes |
Yes |
| Web Trading Detail |
https://web.tradesmartonline.in/login |
Fyers Web |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
| Mobile Trading App |
TradeSmart 2.0 |
Fyers Mobile App |
| Mobile Trading App Demo |
TradeSmart 2.0 |
Fyers Mobile App |
| Android Mobile App |
Yes |
Yes |
| Android App Download |
Android TradeSmart 2.0 Download |
Android Fyers Mobile App Download |
| iPhone Mobile App (IOS) |
Yes |
Yes |
| iOS App Download |
iOS TradeSmart 2.0 Download |
iOS Fyers Mobile App Download |
| Android Tablet App |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for TradeSmart |
Equity Intraday and Delivery Brokerage Calculator for Fyers |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for TradeSmart |
Futures Brokerage Calculator for Fyers |
| Options Brokerage Calculator |
Option Brokerage Calculator for TradeSmart |
Option Brokerage Calculator for Fyers |
| Detail |
Detail on Trading Platforms for TradeSmart |
Detail on Trading Platforms for Fyers |
|
TradeSmart |
Fyers |
|
35 Customer reviews Rate |
11 Customer reviews Rate |
| Fees Ratings |
3.8 |
3.5 |
| Trading Brokerage Rating |
4.3 |
3.6 |
| Trading Platform Usability |
3.7 |
3.5 |
| Customer Service Ratings |
4.0 |
3.5 |
| Overall Rating |
3.9 |
3.2 |
| Broker Rating |
TradeSmart is Rated 3.9 / 5 based on 35 customer reviews |
Fyers is Rated 3.2 / 5 based on 11 customer reviews |
| Investment Offerings Compare |
TradeSmart |
Fyers |
| Equity Cash and F&O |
Yes |
Yes |
| Currency Derivatives |
Yes |
Yes |
| Commodity |
Yes |
Yes |
| Online IPO Application |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
| Bonds / NCD |
Yes |
No |
| ETF |
Yes |
Yes |
| Banking |
No |
No |
| Insurance |
No |
No |
| Forex |
No |
No |
| MF SIP Investment |
Yes |
Yes |
| Equity SIP Investment |
No |
No |
| PMS Service |
No |
No |
| Other Investment Options |
NIL |
NIL |
| MTF Compare |
TradeSmart |
Fyers |
| MTF Leverage |
Up to 4x leverage |
Up to 4x leverage on 1600+ stocks |
| MTF Interest Rate |
0.049% per day |
12.49% – 16.49% per annum (Slab-based MTF Interest rates) |
| MTF Segment |
Equity Delivery |
Equity Delivery |
| MTF Pledge Charges |
₹12 per scrip |
₹12 per stock |
| MTF Unpledged Charges |
₹12 per scrip |
₹12 per stock |
| Maximum MTF Funding |
₹50 Lakh per account |
Upto ₹50 Lakh per account |
| API Compare |
TradeSmart |
Fyers |
| API Type |
Trading API Market Data API WebSocket API Webhook API Advanced order API |
Fyers API is a set of online tools by Fyers that lets you connect your own software to your trading account to place orders and access market data automatically. |
| API Charges |
Free |
Free |
| Customer Service Compare |
TradeSmart |
Fyers |
| 24/7 Customer Service |
No |
No |
| Email Support |
Yes |
Yes |
| Online Live Chat |
Yes |
No |
| Phone Support |
Yes |
Yes |
| Toll Free Number |
No |
No |
| Through Branches |
No |
No |
| Customer Care Number |
022 61208000 |
08060001111 |
| Account Opening Process |
Online/Paperless |
100% online and paperless proc |
| Customer Support Email |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://help.tradesmartonline.in/ |
https://fyers.in/school-of-stocks/ |
| Head Office Address |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
Fyers Securities, No. 19 & 20, 3rd Main, Gandhinagar,Bangalore – 560009 |
| Website |
https://tradesmartonline.in/ |
https://fyers.in/ |
|
TradeSmart |
Fyers |
| Research Mutual Funds |
No |
No |
| Research Equity Reports |
No |
No |
| Research ETF |
No |
No |
| Daily Market Report |
No |
No |
| Free Tips |
No |
No |
| Quarterly Result Analysis |
No |
No |
| News Alerts |
No |
Yes |
|
TradeSmart |
Fyers |
| DP Source |
CDSL |
CDSL |
| DP ID |
30400 |
89400 |
| Demat Account Annual Maintenance Charges(AMC) |
₹300 pa (1st Year Free) |
Free |
| Advance Deposit |
NIL |
Nil |
| Statutory charges |
Nil |
Nil |
| Transaction Charges on Debit (Per ISIN) |
₹15 |
₹7 + ₹5.50 (CDSL Charges) per transaction |
| Demat |
₹500 per certificate (Min ₹500 per request) |
₹0 |
| Remat |
₹500 per certificate (Min ₹500 per request) |
₹0 |
| Pledge Creation |
₹15 per script |
Nil |
| Pledge Creation Confirmation |
Nil |
Nil |
| Pledge Closure |
₹15 per script |
Nil |
| Pledge Closure Confirmation |
Nil |
Nil |
| Pledge Invocation |
Nil |
Nil |
| Failed Instruction Charges |
Nil |
Nil |
| Other Charges |
Nil |
Stamp Charges ₹50, |
|
TradeSmart |
Fyers |
| Likes |
Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading? Trade in stocks, derivatives, currencies, and commodities. Lowest brokerage: Trade at 15 flat brokerage fees. Multiple trading platforms:TradeSmart Mobile App, Desktop and web. Super-efficient Trade Smart Box integrated back office portal. Tradetron Algo Trading with TradeSmart. No minimum balance is required. Instant UPI fund transfer. Free of cost Swing API. Apply for IPOs online using UPI. Online Direct mutual fund investment at Rs.0 brokerage. Online brokerage calculator to calculate trading cost upfront. TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts. Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO). Margin against shares (MAS) in your Demat account. No Hidden charges. Detail Review… |
Trade on BSE, NSE, and MCX Free IPO and mutual funds investment Rs 20 fixed brokerage on all segments Invest in IPOs, OFS, SGBs, G-secs, and T-bills Cheapest Rs 50/order brokerage on NRI trading User-friendly mobile app and website for investors Fyers Next and Fyers One high-speed trading terminal for traders Fyers Thematic Investing: Invest in expert expert-curated basket of stocks. Start Algo trading Access with Fyers API for free Bracket order, cover order, GTT, AMO, basket order Fyers School of Stocks, a free stock market learning platform. Margin calculator, brokerage calculator, SIP & Lumpsum calculator, etc. Detail Review… |
| Dislikes |
There are several disadvantages or limitations as well of trading with TradeSmart such as follows; You cannot invest in SME IPOs. NRIs cannot open a Demat and Trading account at Trade smart. It does not provide trading tips, research, and portfolio management services. Detail Review… |
No unlimited zero brokerage monthly plans No 3-in-1 account offering No mutual fund investment app Research reports are not offered free Detail Review… |
| Special Offers/Promo |
🔴 Current Promotion from TradeSmart for InvestorGain Visitors: 🆓 Free Account Opening 📭 Zero Demat AMC for the 1st Year 💹 Lowest Brokerage – Flat ₹15 per Order or 0.007% 🚀 Open Instant TradeSmart Account |
🔷 Current Promotion Offer from Fyers for InvestorGain Visitors: 🆓 Lifetime “ZERO” Demat AMC Account 🌱 Free Direct Mutual Funds & IPO Investment 💹 Max ₹20 per Order Brokerage on Delivery, Intraday, F&O, Commodities & Currency 🚀 Open Instant Fyers Account Now! |
| Enquiry |
|
Open Fyers Account Now |
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