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Indiabulls Securities Vs HDFC Sky Vs TradeSmart: Which one is better?
Last updated August 22, 2026
This IPO News reference page covers “Indiabulls Securities Vs HDFC Sky Vs TradeSmart: Which one is better?”. The page is organized around compare stock brokers side-by-side, compare indiabulls securities vs hdfc sky vs tradesmart on service, account opening charges and amc, compare indiabulls securities vs hdfc sky vs tradesmart 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 Indiabulls Securities vs HDFC Sky vs TradeSmart on Service
- Account Opening Charges and AMC
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Trading & Demat Account Opening Charges
- About Brokerage Plans
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Plan Options
- Account Opening
- Share Broker's Transaction Charges
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Transaction Charges
- Account Features
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Account Features
- Trading Platform
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Trading Platform
- Broker Ratings by Users
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on User Rating
- Investment Offerings
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Investment Offerings
- Margin Trading Facility
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on MTF
- API
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on API Details
- Customer Service Offered
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Customer Service
- Tips/Research/Reports Published
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Research Reports, Tips
- Demat Account
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Demat Account
- Special Offers, Advantages, Disadvantages
- Compare Indiabulls Securities vs HDFC Sky vs TradeSmart on Special Offers and Promotion
- ✅ Pros
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.
- Lowest brokerage: Trade at 15 flat brokerage fees.
- Online Direct mutual fund investment at Rs.0 brokerage.
- No 3-in-1 account opening services.
- No 24/7 customer support.
- 💹 Max ₹11 per Order Brokerage on Equity, F&O, Commodities & Currency
- 💹 Lowest Brokerage – Flat ₹15 per Order or 0.007%
- Last Updated on Sat, May 9, 2026
Data Tables
| Segment |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Trading Account Opening Fees |
Free |
Free |
Free |
| Trading AMC |
Free |
Free |
Free |
| Demat Account Opening Fees |
Free |
Free |
Free |
| Demat AMC |
Rs 25 + GST per month from 1st month |
Rs 240 PA (Free for 1st year) |
Rs 300 PA (Free for 1st year) |
| Provide DP Service |
Yes |
Yes |
Yes |
| Plan Types |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Multiple Plans |
No |
No |
Yes |
| Monthly Plans |
Yes |
No |
No |
| Yearly Plans |
No |
No |
No |
|
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Account Opening Request |
|
|
|
| Transaction Charges Compare |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Equity Delivery |
NSE:297 | BSE:375 Per Cr |
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 |
NSE:297 | BSE:375 Per Cr |
| Equity Futures |
NSE:173 | BSE:0 Per Cr |
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 |
NSE:3503 | BSE:3250 Per Cr on premium |
| Currency Futures |
NSE:35 | BSE:45 Per Cr |
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 |
NSE:3110 | BSE:100 Per Cr |
| Commodity |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
MCX: 4180| NSE: 100 Per Cr |
| Brokerage Charges |
Complete Brokerage Plans for indiabulls-securities |
Complete Brokerage Plans for hdfc-sky |
Complete Brokerage Plans for trade-smart-online |
| Account Features Compare |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| 3 in 1 Account |
No |
Yes |
No |
| Charting |
Yes |
Yes |
Yes |
| Algo Trading |
Yes |
No |
Yes |
| SMS Alerts |
Yes |
Yes |
No |
| Online Demo |
No |
Yes |
Yes |
| Online Portfolio |
Yes |
Yes |
No |
| Margin Trading Funding Available |
Yes |
Yes |
No |
| Combined Ledger for Equity and Commodity |
Yes |
Yes |
Yes |
| Intraday Square-off Time |
3:15PM |
3:15PM |
3:15PM |
| NRI Trading |
Yes |
Yes |
No |
| Other Features |
|
NIL |
NIL |
| Trading Platform Compare |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Web Trading Platform |
Yes |
Yes |
Yes |
| Web Trading Detail |
Power Indiabulls Web |
https://hdfcsky.com/ |
https://web.tradesmartonline.in/login |
| Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
Web Trading Demo |
| Mobile Trading |
Yes |
Yes |
Yes |
| Mobile Trading App |
Indiabulls Securities App |
HDFC Sky App |
TradeSmart 2.0 |
| Mobile Trading App Demo |
Indiabulls Securities App |
HDFC Sky App |
TradeSmart 2.0 |
| Android Mobile App |
Yes |
Yes |
Yes |
| Android App Download |
Android Indiabulls Securities App Download |
Android HDFC Sky App Download |
Android TradeSmart 2.0 Download |
| iPhone Mobile App (IOS) |
Yes |
No |
Yes |
| iOS App Download |
iOS Indiabulls Securities App Download |
iOS HDFC Sky App Download |
iOS TradeSmart 2.0 Download |
| Android Tablet App |
Yes |
Yes |
Yes |
| iPad App (IOS) |
Yes |
Yes |
Yes |
| Trading Software Charges |
Free |
Free |
Free |
| Equity Brokerage Calculator |
Equity Intraday and Delivery Brokerage Calculator for Indiabulls Securities |
Equity Intraday and Delivery Brokerage Calculator for HDFC Sky |
Equity Intraday and Delivery Brokerage Calculator for TradeSmart |
| Futures Brokerage Calculator |
Futures Brokerage Calculator for Indiabulls Securities |
Futures Brokerage Calculator for HDFC Sky |
Futures Brokerage Calculator for TradeSmart |
| Options Brokerage Calculator |
Option Brokerage Calculator for Indiabulls Securities |
Option Brokerage Calculator for HDFC Sky |
Option Brokerage Calculator for TradeSmart |
| Detail |
Detail on Trading Platforms for Indiabulls Securities |
Detail on Trading Platforms for HDFC Sky |
Detail on Trading Platforms for TradeSmart |
|
Indiabulls Securities |
HDFC Sky |
TradeSmart |
|
34 Customer reviews Rate |
99 Customer reviews Rate |
35 Customer reviews Rate |
| Fees Ratings |
3.6 |
2.5 |
3.8 |
| Trading Brokerage Rating |
3.5 |
2.1 |
4.3 |
| Trading Platform Usability |
3.9 |
3.0 |
3.7 |
| Customer Service Ratings |
3.4 |
2.8 |
4.0 |
| Overall Rating |
3.6 |
2.5 |
3.9 |
| Broker Rating |
Indiabulls Securities is Rated 3.6 / 5 based on 34 customer reviews |
HDFC Sky is Rated 2.5 / 5 based on 99 customer reviews |
TradeSmart is Rated 3.94 / 5 based on 35 customer reviews |
| Investment Offerings Compare |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Equity Cash and F&O |
Yes |
Yes |
Yes |
| Currency Derivatives |
Yes |
Yes |
Yes |
| Commodity |
Yes |
Yes |
Yes |
| Online IPO Application |
Yes |
Yes |
Yes |
| Mutual Funds |
Yes |
Yes |
Yes |
| Bonds / NCD |
Yes |
Yes |
Yes |
| ETF |
Yes |
Yes |
Yes |
| Banking |
No |
Yes |
No |
| Insurance |
No |
No |
No |
| Forex |
No |
No |
No |
| MF SIP Investment |
Yes |
Yes |
Yes |
| Equity SIP Investment |
Yes |
Yes |
No |
| PMS Service |
No |
No |
No |
| Other Investment Options |
Research & Advisory |
|
NIL |
| MTF Compare |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| MTF Leverage |
Up to about 4x leverage |
– |
Up to 4x leverage |
| MTF Interest Rate |
14% p.a. |
– |
0.049% per day |
| MTF Segment |
Equity Delivery |
– |
Equity Delivery |
| MTF Pledge Charges |
₹20 per ISIN per pledge |
– |
₹12 per scrip |
| MTF Unpledged Charges |
₹20 per ISIN per unpledge |
– |
₹12 per scrip |
| Maximum MTF Funding |
– |
– |
₹50 Lakh per account |
| API Compare |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| API Type |
Portfolio API Order API WebSocket API Report API Basket API ScripMaster API |
– |
Trading API Market Data API WebSocket API Webhook API Advanced order API |
| API Charges |
Free |
– |
Free |
| Customer Service Compare |
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| 24/7 Customer Service |
No |
No |
No |
| Email Support |
Yes |
Yes |
Yes |
| Online Live Chat |
No |
No |
Yes |
| Phone Support |
Yes |
Yes |
Yes |
| Toll Free Number |
No |
No |
No |
| Through Branches |
Yes |
Yes |
No |
| Customer Care Number |
022-61446300 |
1800 121 2109 |
022 61208000 |
| Account Opening Process |
Online paperless |
Online |
Online/Paperless |
| Customer Support Email |
[email protected] |
[email protected] |
[email protected] |
| Knowledge Center/Education |
https://www.ibullssecurities.com/blogs-page |
https://hdfcsky.com/learn |
https://help.tradesmartonline.in/ |
| Head Office Address |
Indiabulls Securities HeadofficePlot no. 108, 5th Floor, IT Park, Udyog Vihar, Phase – I, Gurugram – 122016 |
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG,MUMBAI-MH-400042 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
| Website |
https://www.ibullssecurities.com/ |
https://hdfcsky.com/ |
https://tradesmartonline.in/ |
|
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Research Mutual Funds |
No |
Yes |
No |
| Research Equity Reports |
Yes |
Yes |
No |
| Research ETF |
No |
Yes |
No |
| Daily Market Report |
No |
Yes |
No |
| Free Tips |
No |
Yes |
No |
| Quarterly Result Analysis |
No |
Yes |
No |
| News Alerts |
Yes |
Yes |
No |
|
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| DP Source |
CDSL |
CDSL |
CDSL |
| DP ID |
29900 |
12400 |
30400 |
| Demat Account Annual Maintenance Charges(AMC) |
Rs 25/month AMC + GST |
₹750 pa |
₹300 pa (1st Year Free) |
| Advance Deposit |
Nil |
Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- |
NIL |
| Statutory charges |
Nil |
Nil |
Nil |
| Transaction Charges on Debit (Per ISIN) |
For BSDARs. 50/- or .05% of the transaction value (whichever is Higher).For Non BSDA-within Indiabulls: ₹20/- or .02% of the transaction value (whichever is Higher). For Non BSDA-Outside Indiabulls ₹30/- or .03% of the transaction value (whichever |
0.04% (Min ₹20) + CDSL charges |
₹15 |
| Demat |
₹5 per certificate (Min ₹50 per request) |
₹5 per certificate + ₹35 request charges |
₹500 per certificate (Min ₹500 per request) |
| Remat |
₹35/- for every 100 securities/MF units or part thereof |
₹30 |
₹500 per certificate (Min ₹500 per request) |
| Pledge Creation |
₹35 or .02% of the transaction value (whichever is higher) |
Nil |
₹15 per script |
| Pledge Creation Confirmation |
₹35 or .02% of the transaction value (whichever is higher) |
0.04% of transaction value (Min ₹40) |
Nil |
| Pledge Closure |
₹35 or .02% of the transaction value (whichever is higher) |
Nil |
₹15 per script |
| Pledge Closure Confirmation |
₹35 or .02% of the transaction value (whichever is higher) |
0.04% of transaction value (Min ₹40) |
Nil |
| Pledge Invocation |
₹35 or .02% of the transaction value (whichever is higher) |
0.04% of transaction value (Min ₹40) |
Nil |
| Failed Instruction Charges |
Nil |
Nil |
Nil |
| Other Charges |
Nil |
Nil |
Nil |
|
Indiabulls Securities |
HDFC Sky |
TradeSmart |
| Likes |
Investment Product Suite with access to stocks, derivatives, currencies, commodities, IPOs, mutual funds, and other products. Quick and hassle-free onboarding process via Indiabulls Securities app or website Comprehensive trading platforms with mobile app, web portal, and PIB desktop terminal Offers advanced orders like basket order, bracket order, cover order. Free API Access and IB Algo for algo trading NRI trading is available with Indiabulls Securities. Detail Review… |
✅ Pros Free account opening Zero AMC (1st year) Flat ₹20 brokerage Invest in US stocks Free research & daily trading calls Advanced order types (BO, CO, OCO, GTT) No minimum balance Modern mobile app Detail Review… |
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… |
| Dislikes |
No 3-in-1 account opening services. No 24/7 customer support. Detail Review… |
❌ Cons Delivery trades not free (Zerodha offers free delivery) No desktop trading terminal Direct mutual funds are not supported Detail Review… |
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… |
| Special Offers/Promo |
Current Promotion offer from Indiabulls for InvestorGain Visitors 🆓 Free Account Opening 💹 Max ₹11 per Order Brokerage on Equity, F&O, Commodities & Currency 💰 Free Mutual Funds & IPO Investment ⚡ Trade up to 4x Margin on MTF 🚀 Open Instant Indiabulls Account Now! |
|
🔴 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 |
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