Trade Smart Online is a discount broker that was incorporated by VNS – a stockbroking firm that was founded in 1994. Discount brokers such as Trade Smart Online charge a fixed amount at the transaction level and are independent of the size of the transaction. 5Paisa is also a discount broker launched by India Infoline (IIFL) in 2015 and allows a trader to trade across Equity, Currency, Insurance and Mutual Funds.
Everything about discount brokers such as 5Paisa and Trade Smart Online is Internet-based, be it – customer service, trading, account opening and so on. Since both of these brokers are discount brokers, selecting one of the two can be a tedious. At the same time, choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Trade Smart Online Vs 5Paisa to help you find which of the two suits your needs better. The comparison is made on various aspects such as:
Account Opening Charges
Exposure or Leverages
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs and which one to go for.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Trade Smart Online Vs 5Paisafor the benefits of other readers. Please feel free to share in the comments below.