COMPARE

Way2wealth vs Tradesmart Online – Compare Charges, Trading Features, Offers & more

Find a Comparison of Way2wealth vs Tradesmart Online 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 Way2wealth and Tradesmart Online.

Background

Year of Incorporation 1984 2015
Website https://www.way2wealth.com/ https://tradesmartonline.in/
Phone 1800 425 3690 FREE 022-61208000
Exchanges enabled NSE, BSE, MCX-SX, MCX, & NCDEX NSE, BSE
Demat (NSDL/CDSL) NSDL, CDSL CDSL
Brokerage

Equity 0.04% for Intraday, 0.4% for Delivery - Negotiable Rs 15 or 0.07% per executed order
Equity Futures 0.04% of Turnover - Negotiable Rs 15 or 0.07% per executed order
Equity Options Rs 50/lot - Negotiable Rs 7 per lot
Currency Futures 0.04% of Turnover - Negotiable R15 or 0.07% of Turnover
Currency Options Rs 50/lot - Negotiable Rs 7 per lot
Commodity 0.04% of Turnover - Negotiable Rs 7 per lot
Account Opening Costs

Trading only NA Rs 400
Trading & Demat Rs 350 Rs 400
Commodity Rs 100 NA
Transparency & other costs

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

Equity 0.0038% of Turnover 0.0035% of Turnover
Futures 0.0034% of Turnover 0.0024% of Turnover
Options 0.056% of Premium Turnover 0.0715% of Premium Turnover
Commodities 0.0035% of Turnover NA
AMC charge Rs 330 Rs 300/yr
DP Transaction Charge Rs 18/debit instruction Rs 15/debit instruction
Offline order placing Charge NIL Rs 20/executed order
Platforms

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 6 times for Intraday, 0 for Delivery 5x for intraday
Equity Futures Upto 2 times for Intraday 2x for intraday
Equity Options No Leverage No Margin
Currency Futures Upto 2 times for Intraday 2x for intraday
Currency Options No Leverage No Margin
Commodity Upto3 times for Intraday 1x
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 4.2 Lakhs Rs 4 Lakhs
Profit after Tax FY12/13 Rs 5.87 Lakhs Rs 17 Lakhs
Profit after Tax FY13/14 Rs 5.23 Lakh Rs 23 Lakhs
Profit after Tax FY 14/15 Rs 7.93 Lakh Rs 23.14 Lakh
Profit after Tax FY 15/16 Rs 11.19 Lakh Rs 33.53 Lakh
Profit after Tax FY 16/17 Rs 11.74 Lakh Rs 35.78 Lakh
Profit after Tax FY 17/18 Rs 12.16 Lakh Rs 38.81 Lakh
Profit after Tax FY 18/19 Rs 14.39 Lakh Rs 40.22 Lakh
Profit after Tax FY 19/20 Rs 14.50 Lakh Rs 46.22 Lakh
Profit after Tax FY 20/21 Rs 16.00 Lakh Rs 49.57 Lakh
Profit after Tax FY 21/22 Rs 17.02 Lakh Rs 54.47 Lakh
Profit after Tax FY 22/23 Rs 15.37 Lakh Rs 66.68 Lakh
Debt FY11/12 Rs 10.4 Lakhs Rs 8.7 Lakhs
Debt FY12/13 Rs 17.2 Lakhs Rs 6 Lakhs
Debt FY13/14 Rs 19.78 Lakh Rs 3.05 Crores
Debt FY14/15 Rs 16.80 Lakh Rs 4.69 Crore
Debt FY15/16 Rs 20.27 Lakh Rs 4.26 Crore
Debt FY16/17 Rs 18.04 Lakh Rs 3.27 Crore
Debt FY17/18 Rs 22.55 Lakh Rs 4.20 Crore
Debt FY18/19 Rs 22.41 Lakh Rs 4.03 Crore
Debt FY19/20 Rs 23.16 Lakh Rs 4.04 Crore
Debt FY20/21 Rs 25.14 Lakh Rs 4.77 Crore
Debt FY21/22 Rs 26.94 Lakh Rs 4.07 Crore
Debt FY22/23 Rs 25.88 Lakh Rs 3.81 Crore
Profit to Equity(%) FY11/12 0.25 0.99
Profit to Equity(%) FY12/13 1.52 2.63
Profit to Equity(%) FY13/14 2.39 3.54
Profit to Equity(%) FY14/15 3.71 7.67
Profit to Equity(%) FY15/16 3.71 5.79
Profit to Equity(%) FY16/17 4.61 5.11
Profit to Equity(%) FY17/18 5.42 8.16
Profit to Equity(%) FY18/19 6.22 5.10
Profit to Equity(%) FY19/20 7.38 8.87
Profit to Equity(%) FY20/21 8.12 5.50
Profit to Equity(%) FY21/22 9.22 7.42
Profit to Equity(%) FY22/23 10.22 6.08
Balance Sheet Size FY11/12 Rs 159 Crores Rs 9.26 Crores
Balance Sheet Size FY12/13 Rs 148 Crores Rs 9.28 Crores
Balance Sheet Size FY13/14 Rs 170 Crores Rs 22.35 Crores
Balance Sheet Size FY14/15 Rs 187.92 Crores Rs 24.88 Crore
Balance Sheet Size FY15/16 Rs 259.67 Crores Rs 27.85 Crore
Balance Sheet Size FY16/17 Rs 289.46 Crores Rs 43.79 Crore
Balance Sheet Size FY17/18 Rs 160.16 Crores Rs 38.20 Crore
Balance Sheet Size FY18/19 Rs 240.46 Crores Rs 31.09 Crore
Balance Sheet Size FY19/20 Rs 294.59 Crores Rs 45.13 Crore
Balance Sheet Size FY20/21 Rs 181.53 Crores Rs 36.75 Crore
Balance Sheet Size FY21/22 Rs 227.41 Crores Rs 42.25 Crore
Balance Sheet Size FY22/23 Rs 289.78 Crores Rs 23.91 Crore

Comparison Link:

Compare Way2wealth Compare Tradesmart Online
Way2wealth Vs Mandot Securities Tradesmart Online Vs Mandot Securities
Way2wealth Vs HDFC Sky Tradesmart Online Vs HDFC Sky
Way2wealth Vs Dhan Tradesmart Online Vs Dhan
Way2wealth Vs Goodwill Wealth Tradesmart Online Vs Goodwill Wealth
Way2wealth Vs Shoonya by Finvasia Tradesmart Online Vs Shoonya by Finvasia
Way2wealth Vs NJ Wealth Tradesmart Online Vs NJ Wealth
Way2wealth Vs Paytm Money Tradesmart Online Vs Paytm Money
Way2wealth Vs Goldmine Stocks Tradesmart Online Vs Goldmine Stocks
Way2wealth Vs Globe Capital Tradesmart Online Vs Globe Capital
Way2wealth Vs Finvasia Tradesmart Online Vs Finvasia
Way2wealth Vs Coimbatore Capital Tradesmart Online Vs Coimbatore Capital
Way2wealth Vs Cholamandalam Securities Tradesmart Online Vs Cholamandalam Securities
Way2wealth Vs Choice Equity Broking Tradesmart Online Vs Choice Equity Broking
Way2wealth Vs Canara Bank Tradesmart Online Vs Canara Bank
Way2wealth Vs Bonanza Portfolio Tradesmart Online Vs Bonanza Portfolio
Way2wealth Vs Bezel Stock Brokers Tradesmart Online Vs Bezel Stock Brokers
Way2wealth Vs Beeline Broking Tradesmart Online Vs Beeline Broking
Way2wealth Vs Bansal Finstock Tradesmart Online Vs Bansal Finstock
Way2wealth Vs Axis Direct Tradesmart Online Vs Axis Direct
Way2wealth Vs ASE Capital Markets Tradesmart Online Vs ASE Capital Markets
Way2wealth Vs Arihant Capital Tradesmart Online Vs Arihant Capital
Way2wealth Vs Alice Blue Tradesmart Online Vs Alice Blue
Way2wealth Vs 5Paisa Tradesmart Online Vs 5Paisa
Way2wealth Vs M.stock Tradesmart Online Vs M.stock
Way2wealth Vs WisdomCapital Tradesmart Online Vs WisdomCapital
Way2wealth Vs Ventura Securities Tradesmart Online Vs Ventura Securities
Way2wealth Vs Navia Markets Ltd Tradesmart Online Vs Navia Markets Ltd
Way2wealth Vs Tradejini Tradesmart Online Vs Tradejini
Way2wealth Vs Tata Securities Tradesmart Online Vs Tata Securities
Way2wealth Vs Swastika Investmart Tradesmart Online Vs Swastika Investmart
Way2wealth Vs SMC Global Tradesmart Online Vs SMC Global
Way2wealth Vs SBICAP Securities Tradesmart Online Vs SBICAP Securities
Way2wealth Vs SASOnline Tradesmart Online Vs SASOnline
Way2wealth Vs Samco securities Tradesmart Online Vs Samco securities
Way2wealth Vs RK Global Tradesmart Online Vs RK Global
Way2wealth Vs Reliance Securities Tradesmart Online Vs Reliance Securities
Way2wealth Vs Nirmal Bang Tradesmart Online Vs Nirmal Bang
Way2wealth Vs Master Trust Capital Tradesmart Online Vs Master Trust Capital
Way2wealth Vs Kotak Securities Tradesmart Online Vs Kotak Securities
Way2wealth Vs Interactive Brokers Tradesmart Online Vs Interactive Brokers
Way2wealth Vs IIFL Securities Tradesmart Online Vs IIFL Securities
Way2wealth Vs Dhani Tradesmart Online Vs Dhani
Way2wealth Vs IDBI Capital Tradesmart Online Vs IDBI Capital
Way2wealth Vs HDFC Securities Tradesmart Online Vs HDFC Securities
Way2wealth Vs Geojit Tradesmart Online Vs Geojit
Way2wealth Vs Fyers Securities Tradesmart Online Vs Fyers Securities
Way2wealth Vs Edelweiss Capital Tradesmart Online Vs Edelweiss Capital
Way2wealth Vs Easytradez Tradesmart Online Vs Easytradez
Way2wealth Vs Rupeezy Tradesmart Online Vs Rupeezy
Way2wealth Vs Anand Rathi Tradesmart Online Vs Anand Rathi
Way2wealth Vs Aditya Birla Money Tradesmart Online Vs Aditya Birla Money
Way2wealth Vs Achiievers Tradesmart Online Vs Achiievers
Way2wealth Vs A C Choksi Tradesmart Online Vs A C Choksi
Way2wealth Vs Angel Broking Tradesmart Online Vs Angel Broking
Way2wealth Vs Motilal Oswal Tradesmart Online Vs Motilal Oswal
Way2wealth Vs ICICI Direct Tradesmart Online Vs ICICI Direct
Way2wealth Vs Sharekhan Tradesmart Online Vs Sharekhan
Way2wealth Vs Groww Tradesmart Online Vs Groww
Way2wealth Vs Zerodha Tradesmart Online Vs Zerodha

Frequently Asked Questions

Is Way2wealth better than Tradesmart Online ?

Way2wealth and Tradesmart Online 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 better than Way2wealth ?

Way2wealth and Tradesmart Online 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 Way2wealth cheaper than Tradesmart Online ?

Way2wealth and Tradesmart Online 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 Tradesmart Online cheaper than Way2wealth ?

Way2wealth and Tradesmart Online 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 Way2wealth vs. Tradesmart Online ?

To find out the better of the two stockbrokers Way2wealth and Tradesmart Online, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.