IIFL Securities Vs Upstox Vs TradeSmart: Which one is better?

The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Upstox ranges between Rs 20, while the brokerage of TradeSmart ranges between Rs 15. The broker Upstox and TradeSmart are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Upstox is rated 4.5, TradeSmart is rated 4 out of 5.

Here we present side-by-side comparison of IIFL Securities vs Upstox vs TradeSmart stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared IIFL Securities vs Upstox vs TradeSmart on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better IIFL Securities vs Upstox vs TradeSmart in this setion with 360 degree view of broker information.

Compare 2 Brokers

Compare IIFL Securities vs Upstox vs TradeSmart on Service

	IIFL Securities	Upstox	TradeSmart
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX
Broker Overview	IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...	Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India.	Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support.
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Account Opening Charges and AMC

Compare IIFL Securities vs Upstox vs TradeSmart on Trading & Demat Account Opening Charges

In this section we have compared IIFL Securities vs Upstox vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - IIFL Securities charges Free for account opening, Upstox charges Promotion offer: Free for account opeing, and TradeSmart charges Rs 200 for account opeing. Demat AMC charges - IIFL Securities charges Rs 250 PA (Free for 1st year) as AMC for Demat account, Upstox charges Free AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare IIFL Securities vs Upstox vs TradeSmart
Charges	IIFL Securities	Upstox	TradeSmart
Trading Account Opening Fees	Free	Promotion offer: Free	Rs 200
Trading AMC	Free	Free	Free
Demat Account Opening Fees	Free	Free	Rs 200
Demat AMC	Rs 250 PA (Free for 1st year)	Free	Rs 300 PA
Provide DP Service

About Brokerage Plans

Compare IIFL Securities vs Upstox vs TradeSmart on Plan Options

Plans are the most important feature you look when compare IIFL Securities vs Upstox vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart offers Multiple Plans where IIFL Securities and Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare IIFL Securities vs Upstox vs TradeSmart on Plan Options
Plan Types	IIFL Securities	Upstox	TradeSmart
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

	IIFL Securities	Zerodha	Upstox
Account Opening Request	Open IIFL Securities Account Now>>	Open Zerodha Account Now>>	Open Upstox Account Now>>

Brokerage Charges

Compare IIFL Securities vs Upstox vs TradeSmarton Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

Brokerage Charges - Compare IIFL Securities vs Upstox vs TradeSmart
Brokerage Charges Compare	IIFL Securities	Upstox	TradeSmart
Plan Name	IIFL iSERVE Brokerage Plan	Max Rs 20 Per Order Trading Plan	Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery	Flat Rs 20 per order	2.5% or Rs 20 whichever is lower	Flat Fee Rs 15
Equity Intraday	Flat Rs 20 per order	0.05% or Rs 20 whichever is lower	Flat Fee Rs 15
Equity Futures	Flat Rs 20 per order	0.05% or Rs 20 whichever is lower	Flat Fee Rs 15
Equity Options	Flat Rs 20 per order	Flat Fee Rs 20	Flat Fee Rs 15
Currency Futures	Flat Rs 20 per order	0.05% or Rs 20 whichever is lower	Flat Fee Rs 15
Currency Options	Flat Rs 20 per order	Flat Fee Rs 20	Flat Fee Rs 15
Commodity Trading	Flat Rs 20 per order	Flat Fee Rs 20	Flat Fee Rs 15
Minimum Brokerage
Hidden Charges	Info Not Available	Info Not Available
Call & Trade Charges	Rs 50 Per Call + GST	Rs 50 + 18% GST	Rs 20 per executed Order
Auto Square off Charges	Rs 50 Per Call + GST	Rs 50 + 18% GST	Rs 20 per executed Order
Brokerage Calculator	Brokerage Calculator for IIFL Securities	Brokerage Calculator for Upstox	Brokerage Calculator for TradeSmart

Share Broker's Transaction Charges

Compare IIFL Securities vs Upstox vs TradeSmart on Transaction Charges

Compare IIFL Securities vs Upstox vs TradeSmart on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities vs Upstox vs TradeSmart
Transaction Charges Compare	IIFL Securities	Upstox	TradeSmart
Equity Delivery	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr
Equity Intraday	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr
Equity Futures	NSE:200 Per Cr \| BSE:FREE	NSE:200 Per Cr \| BSE:FREE	NSE:200 Per Cr \| BSE:FREE
Equity Options	NSE:5050 Per Cr \| BSE:3700 Per Cr	NSE:5050 Per Cr \| BSE:3700 Per Cr	NSE:5050 Per Cr \| BSE:3700 Per Cr
Currency Futures	NSE:90 Per Cr \| BSE:25 Per Cr	NSE:90 Per Cr \| BSE:25 Per Cr	NSE:90 Per Cr \| BSE:25 Per Cr
Currency Options	NSE:4000 Per Cr \| BSE:100 Per Cr	NSE:4000 Per Cr \| BSE:100 Per Cr	NSE:4000 Per Cr \| BSE:100 Per Cr
Commodity	Non-Agri: Rs 260 Per Cr \| Agri: Rs 175 Per Cr	Non-Agri: Rs 360 Per Cr \| Agri: Rs 275 Per Cr	Non-Agri: Rs 360 Per Cr \| Agri: Rs 275 Per Cr
Brokerage Charges	Complete Brokerage Plans for iifl-securities	Complete Brokerage Plans for upstox	Complete Brokerage Plans for trade-smart-online

Account Features

Compare IIFL Securities vs Upstox vs TradeSmart on Account Features

Compare IIFL Securities vs Upstox vs TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 Account where IIFL Securities and TradeSmart offers only 2-in-1 account which includes trading and demat account. Margin Funding - IIFL Securities and Upstox offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - IIFL Securities offers NRI Trading where Upstox and TradeSmart doesn't offers NRI Trading.

Account Features - IIFL Securities vs Upstox vs TradeSmart
Account Features Compare	IIFL Securities	Upstox	TradeSmart
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM	3:15PM
NRI Trading
Other Features	NIL	NIL	NIL

Trading Platform

Compare IIFL Securities vs Upstox vs TradeSmarton Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities vs Upstox vs TradeSmart. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare IIFL Securities vs Upstox vs TradeSmart
Trading Platform Compare	IIFL Securities	Upstox	TradeSmart
Web Trading Platform
Web Trading Detail	https://ttweb.indiainfoline.com	https://pro.upstox.com/	https://sine.tradesmartonline.in/userMaster/login
Web Trading Demo	Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Trading
Mobile Trading App	IIFL Markets	Upstox	Sine
Mobile Trading App Demo	IIFL Markets Demo	Upstox Demo	Sine Demo
Android Mobile App
Android App Download	Andriod IIFL Markets Download	Andriod Upstox Download	Andriod Download
iPhone Mobile App (IOS)
iOS App Download	iOS IIFL Markets Download	iOS Upstox Download	iOS Sine Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for IIFL Securities	Equity Intraday and Delivery Brokerage Calculator for Upstox	Equity Intraday and Delivery Brokerage Calculator for TradeSmart
Futures Brokerage Calculator	Futures Brokerage Calculator for IIFL Securities	Futures Brokerage Calculator for Upstox	Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator	Options Brokerage Calculator for IIFL Securities	Options Brokerage Calculator for Upstox	Options Brokerage Calculator for TradeSmart
Detail	Detail on Trading Platforms for iifl-securities	Detail on Trading Platforms for upstox	Detail on Trading Platforms for trade-smart-online

Broker Ratings by Users

Compare IIFL Securities vs Upstox vs TradeSmart on User Rating

	IIFL Securities	Upstox	TradeSmart
	82 Customer Reviews	12 Customer Reviews	34 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews	Upstox is Rated 3.7 / 5 based on 12 customer reviews	TradeSmart is Rated 4.0 / 5 based on 34 customer reviews

Investment Offerings

Compare IIFL Securities vs Upstox vs TradeSmart on Investment Offerings

Compare IIFL Securities vs Upstox vs TradeSmart on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - IIFL Securities and Upstox offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - IIFL Securities offers PMS facility where Upstox and TradeSmart doesn't offers PMS facility.

Investment Offerings - Compare IIFL Securities vs Upstox vs TradeSmart
Investment Offerings Compare	IIFL Securities	Upstox	TradeSmart
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL	NIL

Customer Service Offered

Compare IIFL Securities vs Upstox vs TradeSmart on Customer Service

Compare IIFL Securities vs Upstox vs TradeSmart on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare IIFL Securities vs Upstox vs TradeSmart
Customer Service Compare	IIFL Securities	Upstox	TradeSmart
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-40071000	+91 22 6130 9999	022 61208000
Account Opening Process	Online/Paperless	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]	[email protected]
Knowledge Center/Education	https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx	https://upstox.com/help-center/	https://help.tradesmartonline.in/
Head Office Address	IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604	Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013	Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059
Website	https://www.indiainfoline.com/	https://upstox.com/	https://tradesmartonline.in/

Tips/Research/Reports Published

Compare IIFL Securities vs Upstox vs TradeSmart on Research Reports, Tips

Compare IIFL Securities vs Upstox vs TradeSmart on research reports and tips provided by broker.

Research Reports - Compare IIFL Securities vs Upstox vs TradeSmart
	IIFL Securities	Upstox	TradeSmart
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare IIFL Securities vs Upstox vs TradeSmart on Demat Account

Compare IIFL Securities vs Upstox vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities vs Upstox vs TradeSmart
	IIFL Securities	Upstox	TradeSmart
DP Source	CDSL	CDSL	CDSL
DP ID	44700	81800	30400
Demat Account Annual Maintenance Charges(AMC)	₹400 pa	₹300 PA	₹300 pa
Advance Deposit	Nil	NIL	NIL
Statutory charges	Nil	Nil	Nil
Transaction Charges on Debit (Per ISIN)	0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)	₹13 + ₹5.50 CDSL charges	₹25
Demat	₹15 per certificate + ₹40 courier charges	₹20 + ₹50 courier charges	₹500 per certificate (Min ₹500 per request)
Remat	₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges	₹100 for every hundred securities or ₹25 per certificate (whichever is higher)	₹500 per certificate (Min ₹500 per request)
Pledge Creation	₹50	0.02% of the transaction value (Min ₹50) + CDSL charges	₹200 per script ₹50 for trading margin each side
Pledge Creation Confirmation	Nil	0.02% of the transaction value (Min ₹50) + CDSL charges	Nil
Pledge Closure	Nil	0.02% of the transaction value (Min ₹50) + CDSL charges	₹200 per script
Pledge Closure Confirmation	Nil	0.02% of the transaction value (Min ₹50) + CDSL charges	Nil
Pledge Invocation	Nil	0.05% of the transaction value (Min ₹50)	₹200 per script
Failed Instruction Charges	Nil	₹50	Nil
Other Charges

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Upstox vs TradeSmart on Special Offers and Promotion

Compare IIFL Securities vs Upstox vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs Upstox vs TradeSmart on Special Offers and Promotion
	IIFL Securities	Upstox	TradeSmart
Likes	Hassle-free onboarding process at zero paperwork. Zero Demat AMC for 1 year. Lowest brokerage online trading at just Rs. 20/order Free state-of-the-art mobile app, web, and desktop trading software. Paperless mutual fund investment at zero brokerage. Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc. Comprehensive equity and mutual funds research. Pre-IPO apply Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order. Margin trading facility. Blogs and knowledge center for beginners. Detail Review...	Before you open an Upstox account, check out the advantages on why to trade with Upstox. No account opening charges and Zero Demat maintenance charge. Cheapest flat brokerage of Rs 20 per order Best platforms for traders and investors Invest in mutual funds and IPOs for free. Invest across global companies in 25+ countries. Advanced orders like bracket order, cover order, AMO, and GTT order. Advanced Pro web and mobile app-based trading platforms. TradingView charts, multiple technical indicators, and drawing tools Margin Trading Facility and margin against shares Free API access UpLearn free learning platform 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: SINE, TradeSmart App, Nest Trader, Fox Trader, etc. 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	IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility. If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading. Detail Review...	There are some setbacks or disadvantages also while trading with Upstox; Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading. Upstox does not have unlimited monthly trading plan. It does not provide stock trading tips and recommendations. Does not offer NRI trading. 24/7 customer service is not available. Detail Review...	There are several disadvantages or limitations as well of trading with TradeSmart such as follows; You cannot invest in SME IPOs. TradeSmart App is only available on the Play Store. 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		Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs	Free Account Opening, Rs 400 Waived for a limited time.
	Enquire for IIFL Securities	Enquire for Upstox	Enquire for TradeSmart

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Transaction Charges Compare	IIFL Securities	Upstox	TradeSmart
Equity Delivery	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr
Equity Intraday	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr	NSE:335 Per Cr \| BSE:375 Per Cr
Equity Futures	NSE:200 Per Cr \| BSE:FREE	NSE:200 Per Cr \| BSE:FREE	NSE:200 Per Cr \| BSE:FREE
Equity Options	NSE:5050 Per Cr \| BSE:3700 Per Cr	NSE:5050 Per Cr \| BSE:3700 Per Cr	NSE:5050 Per Cr \| BSE:3700 Per Cr
Currency Futures	NSE:90 Per Cr \| BSE:25 Per Cr	NSE:90 Per Cr \| BSE:25 Per Cr	NSE:90 Per Cr \| BSE:25 Per Cr
Currency Options	NSE:4000 Per Cr \| BSE:100 Per Cr	NSE:4000 Per Cr \| BSE:100 Per Cr	NSE:4000 Per Cr \| BSE:100 Per Cr
Commodity	Non-Agri: Rs 260 Per Cr \| Agri: Rs 175 Per Cr	Non-Agri: Rs 360 Per Cr \| Agri: Rs 275 Per Cr	Non-Agri: Rs 360 Per Cr \| Agri: Rs 275 Per Cr
Brokerage Charges	Complete Brokerage Plans for iifl-securities	Complete Brokerage Plans for upstox	Complete Brokerage Plans for trade-smart-online