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

Find a Comparison of Tradesmart Online vs Fyers Securities 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 Fyers Securities.

Background

Year of Incorporation 2015 2015
Website https://tradesmartonline.in/ https://fyers.in/
Phone 022-61208000 080 - 46251111
Exchanges enabled NSE, BSE NSE, BSE
Demat (NSDL/CDSL) CDSL NSDL- Partnership with ILFS
Brokerage

Equity Rs 15 or 0.07% per executed order Rs 20 or 0.03% per executed order
Equity Futures Rs 15 or 0.07% per executed order Rs 20 or 0.03% per executed order
Equity Options Rs 7 per lot Rs 20 per executed order
Currency Futures R15 or 0.07% of Turnover Not Available
Currency Options Rs 7 per lot Not Available
Commodity Rs 7 per lot Not Available
Account Opening Costs

Trading only Rs 400 Rs 0
Trading & Demat Rs 400 Rs 0
Commodity NA Not Available
Transparency & other costs

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

Equity 0.0035% of Turnover 0.00325%
Futures 0.0024% of Turnover 0.00325%
Options 0.0715% of Premium Turnover 0.059%
Commodities NA Not Available
AMC charge Rs 300/yr Rs 0
DP Transaction Charge Rs 15/debit instruction Rs 7 + ?5.5
Offline order placing Charge Rs 20/executed order 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 5 days on NOW 30 days
End of Day 10 days on NOW 3 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x for intraday 10x for Intraday
Equity Futures 2x for intraday 1x
Equity Options No Margin 1x
Currency Futures 2x for intraday Not Available
Currency Options No Margin Not Available
Commodity 1x Not Available
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 69.96 Crores
Profit after Tax FY12/13 Rs 17 Lakhs Rs 67.66 Crores
Profit after Tax FY13/14 Rs 23 Lakhs Rs 81.10 Crores
Profit after Tax FY 14/15 Rs 23.14 Lakh Rs 61.14 Crores
Profit after Tax FY 15/16 Rs 33.53 Lakh Rs 78.10 Crores
Profit after Tax FY 16/17 Rs 35.78 Lakh Rs 53.07 Crores
Profit after Tax FY 17/18 Rs 38.81 Lakh Rs 67.25 Crores
Profit after Tax FY 18/19 Rs 40.22 Lakh Rs 80.90 Crores
Profit after Tax FY 19/20 Rs 46.22 Lakh Rs 68.07 Crores
Profit after Tax FY 20/21 Rs 49.57 Lakh Rs 81.00 Crores
Profit after Tax FY 21/22 Rs 54.47 Lakh Rs 59.41 Crores
Profit after Tax FY 22/23 Rs 66.68 Lakh Rs 80.05 Crores
Debt FY11/12 Rs 8.7 Lakhs Rs 44.07 Crores
Debt FY12/13 Rs 6 Lakhs Rs 46.54 Crores
Debt FY13/14 Rs 3.05 Crores Rs 54.13 Crores
Debt FY14/15 Rs 4.69 Crore Rs 50.25 Crores
Debt FY15/16 Rs 4.26 Crore Rs 49.03 Crores
Debt FY16/17 Rs 3.27 Crore Rs 50.14 Crores
Debt FY17/18 Rs 4.20 Crore Rs 47.26 Crores
Debt FY18/19 Rs 4.03 Crore Rs 52.85 Crores
Debt FY19/20 Rs 4.04 Crore Rs 60.05 Crores
Debt FY20/21 Rs 4.77 Crore Rs 60.76 Crores
Debt FY21/22 Rs 4.07 Crore Rs 53.25 Crores
Debt FY22/23 Rs 3.81 Crore Rs 61.34 Crores
Profit to Equity(%) FY11/12 0.99 19.94
Profit to Equity(%) FY12/13 2.63 12.64
Profit to Equity(%) FY13/14 3.54 16.81
Profit to Equity(%) FY14/15 7.67 14.28
Profit to Equity(%) FY15/16 5.79 25.66
Profit to Equity(%) FY16/17 5.11 19.07
Profit to Equity(%) FY17/18 8.16 19.14
Profit to Equity(%) FY18/19 5.10 20.91
Profit to Equity(%) FY19/20 8.87 29.50
Profit to Equity(%) FY20/21 5.50 30.98
Profit to Equity(%) FY21/22 7.42 30.64
Profit to Equity(%) FY22/23 6.08 22.10
Balance Sheet Size FY11/12 Rs 9.26 Crores Rs 29.97 Crores
Balance Sheet Size FY12/13 Rs 9.28 Crores Rs 25.93 Crores
Balance Sheet Size FY13/14 Rs 22.35 Crores Rs 27.42 Crores
Balance Sheet Size FY14/15 Rs 24.88 Crore Rs 33.53 Crores
Balance Sheet Size FY15/16 Rs 27.85 Crore Rs 33.33 Crores
Balance Sheet Size FY16/17 Rs 43.79 Crore Rs 36.51 Crores
Balance Sheet Size FY17/18 Rs 38.20 Crore Rs 35.90 Crores
Balance Sheet Size FY18/19 Rs 31.09 Crore Rs 35.48 Crores
Balance Sheet Size FY19/20 Rs 45.13 Crore Rs 40.20 Crores
Balance Sheet Size FY20/21 Rs 36.75 Crore Rs 33.51 Crores
Balance Sheet Size FY21/22 Rs 42.25 Crore Rs 35.30 Crores
Balance Sheet Size FY22/23 Rs 23.91 Crore Rs 34.81 Crores

Comparison Link:

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Frequently Asked Questions

Is Tradesmart Online better than Fyers Securities ?

Tradesmart Online and Fyers Securities 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 Fyers Securities better than Tradesmart Online ?

Tradesmart Online and Fyers Securities 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 Fyers Securities ?

Tradesmart Online and Fyers Securities 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 Fyers Securities cheaper than Tradesmart Online ?

Tradesmart Online and Fyers Securities 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. Fyers Securities ?

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