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Motilal Oswal Vs iTradeOnline Share Broker Comparison

The side-by-side comparison of Motilal Oswal Securities Ltd and iTradeOnline by Trustline stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and iTradeOnline's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Motilal Oswal and iTradeOnline.

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
 
Motilal Oswal Securities Ltd Logo iTradeOnline by Trustline Logo
About the Broker Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Fun... Know more about Motilal Oswal Securities Ltd iTradeOnline is an online trading platform of Trustline Securities, a popular full-service broker. iTradeOnline offers online discount brokerage services at an ultra-low brokerage fee of ₹20 per executed order or 0.01% whichever is lower. The same lo... Know more about iTradeOnline by Trustline
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Standard Account Pay Per Trade
Broker Enquiry Open an Online Trading Account with Motilal Oswal. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Trading Account Opening Fees ₹0 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
Demat Account AMC ₹299 (1st year free) Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Account Type Standard Account Pay Per Trade
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% ₹20 per executed order or .01% whichever is lower
Equity Intraday Brokerage 0.015% to 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.015% to 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹25 to ₹100 per Lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per Lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.05% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage No

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday ₹0 (No Minimum Brokerage)
Other Brokerage Charges Minimum balance: ₹1,000 Physical contact notes: ₹20
Call & Trade Charges Nil ₹0 (Free)
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Taxes

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Equity Delivery NSE: 0.00335% | BSE: 0.01% NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Intraday NSE: 0.00325% | BSE: 0.002% NSE ₹325 per crore | BSE ₹1.5/trade (each side)
Equity Futures 0.002% NSE ₹190 per crore (0.0019%)
Equity Options NSE 0.0511% | BSE 0.002% (on premium) NSE ₹5000 per crore (0.05%)
Currency Futures 0.00125% NSE ₹90/cr (0.0009%) | BSE ₹18/cr (0.00018%)
Currency Options 0.042% (on premium) NSE ₹4000 (on premium) per cr (0.04%) | BSE ₹1500
Commodity MCX: 0.0025% MCX ₹260/Cr (0.0026%) | NCDEX ₹600/cr (0.006%)
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Exposure

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Equity Delivery 4 times 1x (100% Margin Required)
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks Up to 20x
Equity Futures Intraday: 3 times | Carry forward position: no exposure NSE: 2x
Equity Options No exposure NSE: 2x
Currency Futures NA NSE: 2x
Currency Options NA NSE: 2x
Commodity Intraday: 3 times | Carry forward position: no exposure MCX Futures: 8x
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Share Broker Features

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Orion Lite, MO Trader App Omnesys NEST is used as back-end. Front-end is built in-house by Trustline.
Intraday Square-off Time Equity: 3:15 PM, Commodity: 11:15 PM
Other Features
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
  79 Customer Reviews    Rate Motilal Oswal 6 Customer Reviews    Rate iTradeOnline
Fees Ratings 2.9 4.2
Trading Brokerage Rating 2.5 4.7
Trading Platform Usability 3.1 4.0
Customer Service Ratings 2.8 4.2
Overall Ratings Rated 2.7 stars Rated 4.3 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews iTradeOnline is Rated 4.3 / 5 based on 6 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives Insurance, Wealth Management
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Customer Service Offered

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
24/7 Customer Service Yes No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Bracket Order Yes
Cover Order Yes
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
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Research / Tips / Reports Published

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Casual Investor
Active Investor Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd iTradeOnline by Trustline
Pros
  • Over 8.5 Lakh customers. One of the largest stock broker in India with PAN India coverage across 1,900+ locations in over 500 cities.
  • Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
  • Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.

More Advantages...

  • Paperless account opening is available with eKYC and Aadhar integration
  • All trading softwares including trading terminal are available for free.
  • Uses trading platform of Omnesys which is industry leading trading software provider.
  • Margin Against Share is available
  • Research based fundamental and technical analysis available to all the customers.
  • Short selling is available in NSE Cash segment only.
  • After Hours Orders and Good Till Cancelled (GTC) orders are available.
  • SMS Trade Alerts are available for free to all customers.
  • Call & Trade is free for all customers.

More Advantages...

Cons
  • Margin Deposit Rs 10,000+ is required
  • In order to use our Online Trading Platform, you will be required to have a demat account with Motilal Oswal. You cannot use your existing demat account.

More Disadvantages...

  • Separate account needed for Mutual Funds investment.
  • For iTradeOnline customers, the customer service is not available through 400+ Trustline branches.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API's are now available.
  • Opening demat account along with the trading account is mandatory.
  • No extra charge for intraday or expiry positions closed by the broker.

More Disadvantages...

Reviews
Promo / Offers

Free (Trading & Demat Account) + Free Brokerage for 1st Month

Motilal Oswal offers FREE Trading + Demat Account (₹500 waived). You can also avail free brokerage for first month, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

Lifetime FREE AMC Demat Account - 50% Off

Get 50% off onetime fee of Lifetime Zero AMC Demat Account. Save ₹500 on account opening.

Enquire about Motilal Oswal
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