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Motilal Oswal Vs Trade Smart Online (Compare Motilal Oswal and Trade Smart Online)

The side-by-side comparison of Motilal Oswal and Trade Smart Online. Compare Motilal Oswal Vs Trade Smart Online brokerage, charges, exposure margin, demat account. Read Trade Smart Online and Motilal Oswal review.

Find out Motilal Oswal Vs Trade Smart Online which is better and Motilal Oswal Vs Trade Smart Online which is best.

Our Motilal Oswal Securities Ltd comparison with Trade Smart Online highlights the major differences between two brokers. Find the best between Motilal Oswal and Trade Smart Online.

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Motilal Oswal Vs Trade Smart Online

  Motilal Oswal Securities Ltd Trade Smart Online
 
Motilal Oswal Securities Ltd Logo Trade Smart Online 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 Trade Smart Online (TSO) is Mumbai based broker offering discount brokerage services in stock, commodity and currency trading segments. Trade Smart Online is part of VNS Finance & Capital Services Ltd; a traditional brokerage company which was incorp... Know more about Trade Smart Online
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Default Plan Power Plan (₹15/Order)
Broker Enquiry Open an Online Trading Account with Motilal Oswal. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Trade Smart Online. Leave your contact info and we will get in touch with you.
Year of Incorporation 1987 1994
Number of Branches 305 1
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Motilal Oswal Vs Trade Smart Online Charges

  Motilal Oswal Securities Ltd Trade Smart Online
Trading Account Opening Fees ₹1000 ₹200
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹200
Demat Account AMC ₹299 (1st year free) ₹300
Demat Account is Mandatory? No No
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Motilal Oswal Vs Trade Smart Online Brokerage

Brokerage Plan 1

  Motilal Oswal Securities Ltd Trade Smart Online
Account Type Default Plan Power Plan (₹15/Order)
Fixed Charges
Equity Delivery Brokerage 0.50% ₹15
Equity Intraday Brokerage 0.05% (both side) ₹15
Equity Futures Brokerage 0.05% (both side) ₹15
Equity Options Brokerage ₹100 per lot (both side) ₹15
Currency Futures Trading Brokerage ₹20 per lot (both side) ₹15
Currency Options Trading Brokerage ₹20 per lot (both side) ₹15
Commodity Futures Trading Brokerage 0.05% (both side) ₹15
Commodity Options Trading Brokerage ₹15

Brokerage Plan 2

  Motilal Oswal Securities Ltd Trade Smart Online
Account Type Value Pack (VP2KLT) Value Plan
Fixed Charges ₹2000 (one time fee)
Equity Delivery Brokerage 0.40% 0.007%
Equity Intraday Brokerage 0.04% (both side) 0.007%
Equity Futures Brokerage 0.04% (both side) 0.007%
Equity Options Brokerage ₹50 per lot (both side) ₹7 Per Lot
Currency Futures Trading Brokerage ₹22 per lot (both side) 0.007%
Currency Options Trading Brokerage ₹22 per lot (both side) ₹7 Per Lot
Commodity Futures Trading Brokerage 0.04% (both side) 0.007%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Motilal Oswal Securities Ltd Trade Smart Online
Account Type Value Pack (VP1LACLT) Power Plan (₹15/Order)
Fixed Charges ₹1,00,000 (one time fee)
Equity Delivery Brokerage 0.10% ₹15
Equity Intraday Brokerage 0.01% (both side) ₹15
Equity Futures Brokerage 0.01% (both side) ₹15
Equity Options Brokerage ₹20 per lot (both side) ₹15
Currency Futures Trading Brokerage ₹10 per lot (both side) ₹15
Currency Options Trading Brokerage ₹10 per lot (both side) ₹15
Commodity Futures Trading Brokerage 0.01% (both side) ₹15
Commodity Options Trading Brokerage ₹15

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday ₹15
Other Brokerage Charges Minimum balance: ₹1,000 Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order
Call & Trade Charges Nil ₹20 per executed order
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Motilal Oswal Vs Trade Smart Online Taxes

  Motilal Oswal Securities Ltd Trade Smart Online
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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Motilal Oswal Vs Trade Smart Online Transaction Charges

  Motilal Oswal Securities Ltd Trade Smart Online
Equity Delivery NSE: 0.00335% | BSE: 0.01% 0.0035%
Equity Intraday NSE: 0.00325% | BSE: 0.002% 0.0035%
Equity Futures 0.002% 0.0024%
Equity Options NSE 0.0511% | BSE 0.002% (on premium) 0.0715%
Currency Futures 0.00125% 0.00165%
Currency Options 0.042% (on premium) 0.06%
Commodity MCX: 0.0025% 0.0039%
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Motilal Oswal Vs Trade Smart Online Exposure Margin

  Motilal Oswal Securities Ltd Trade Smart Online
Equity Delivery 4 times 1x (no margin)
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks 30x trading margin
Equity Futures Intraday: 3 times | Carry forward position: no exposure 7x trading margin
Equity Options No exposure 7x trading margin
Currency Futures NA 3x trading margin
Currency Options NA 3x trading margin
Commodity Futures Intraday: 3 times | Carry forward position: no exposure 6x trading margin
Commodity Options
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Motilal Oswal and Trade Smart Online Feature Comparison

  Motilal Oswal Securities Ltd Trade Smart Online
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Orion Lite, MO Trader App NEST, NOW, Spin
Intraday Square-off Time Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features
Referral Program Yes
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Motilal Oswal Vs Trade Smart Online Review

  Motilal Oswal Securities Ltd Trade Smart Online
  81 Customer Reviews    Rate Motilal Oswal 58 Customer Reviews    Rate Trade Smart Online
Fees Ratings 2.9 3.9
Trading Brokerage Rating 2.5 4.5
Trading Platform Usability 3.1 3.7
Customer Service Ratings 2.8 4.1
Overall Ratings Rated 2.7 stars Rated 4.1 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 81 customer reviews Trade Smart Online is Rated 4.1 / 5 based on 58 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd Trade Smart Online
Contact / Request Call Back
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Motilal Oswal Vs Trade Smart Online Investment Options

  Motilal Oswal Securities Ltd Trade Smart Online
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives
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Motilal Oswal Vs Trade Smart Online Customer Service

  Motilal Oswal Securities Ltd Trade Smart Online
24/7 Customer Service Yes No
Onine Live Chat No Yes
Through Branches Yes No
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Motilal Oswal Vs Trade Smart Online Order Type Offered

  Motilal Oswal Securities Ltd Trade Smart Online
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Motilal Oswal Vs Trade Smart Online Research Report

  Motilal Oswal Securities Ltd Trade Smart Online
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Motilal Oswal Vs Trade Smart Online Suitable For Investor Type

  Motilal Oswal Securities Ltd Trade Smart Online
Casual Investor
Active Investor Yes
Trader Yes Yes
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Motilal Oswal Vs Trade Smart Online - Advantages and Disadvantages

  Motilal Oswal Securities Ltd Trade Smart Online
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.
  • Value pack brokerage plans are available for frequent traders.

More Advantages...

  • EquiMax funding offers up to 4x times exposure in equity delivery. This facility could be enabled with annual subscription fee of ₹1000.
  • Unlike most of the discount brokers; Trade Smart Online offers 2 unique brokerage plans designed in such a way that it suits every trading strategy. Switching between these plans is made very easy which offers great flexibility.
  • TSO offers investing in Mutual Funds, bonds and Offer For Sale (OFS). These financial instruments are not available with most discount brokers including other popular discount brokers like Zerodha and RKSV.
  • Excellent referral benefits are available. Customer receives 10% credit of the brokerage generated by the clients referred by them.
  • No minimum amount is needed to open or maintain trading account with TSO.
  • Customer service is available through live chat on its website. This is very convenient for many customers.
  • Trade Smart Online is in the stock broking industry since 1994.
  • TSO's online knowledge base has lot information which is helpful for most 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...

  • Call and Trade is charged at extra ₹20 per executed order.
  • Physical contract notes ₹20 per contract note + courier charges
  • Intraday positions (MIS, CO & BO) squared off by RMS team is charged at ₹20.
  • 24/7 customer service is not available.
  • Facility to invest in IPO's is not available.
  • Doesn't provide daily market report, free tips, news alerts and technical analysis.
  • 3-in-1 accounts are not available as company doesn't provide banking services.

More Disadvantages...

Reviews Useful Articles:
Promo / Offers

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

Motilal Oswal offers FREE Trading + Demat Account (₹1000 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.

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