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Motilal Oswal Vs Trade Smart Online Share Broker Comparison

The side-by-side comparison of Motilal Oswal Securities Ltd and Trade Smart Online stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and Trade Smart Online'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 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 What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type What is this parameter? Standard Account 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.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd Trade Smart Online
Trading Account Opening Fees What is this parameter? ₹0 ₹300
Trading Account AMC What is this parameter? ₹0 ₹0
Demat Account Opening Fees What is this parameter? ₹0 ₹500
Demat Account AMC What is this parameter? ₹299 (1st year free) ₹300
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd Trade Smart Online
Account Type Standard Account Power Plan (₹15/Order)
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.15% to 0.50% ₹15
Equity Intraday Brokerage What is this parameter? 0.015% to 0.05% ₹15
Equity Futures Brokerage What is this parameter? 0.015% to 0.05% ₹15
Equity Options Brokerage What is this parameter? ₹25 to ₹100 per Lot ₹15
Currency Futures Trading Brokerage What is this parameter? ₹20 per Lot ₹15
Currency Options Trading Brokerage What is this parameter? ₹20 per Lot ₹15
Commodity Futures Trading Brokerage What is this parameter? 0.03% ₹15
Commodity Options Trading Brokerage What is this parameter? ₹15

Brokerage Plan 2

  Motilal Oswal Securities Ltd Trade Smart Online
Account Type Standard Account Value Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.15% to 0.50% 0.007%
Equity Intraday Brokerage What is this parameter? 0.015% to 0.05% 0.007%
Equity Futures Brokerage What is this parameter? 0.015% to 0.05% 0.007%
Equity Options Brokerage What is this parameter? ₹25 to ₹100 per Lot ₹7 Per Lot
Currency Futures Trading Brokerage What is this parameter? ₹20 per Lot 0.007%
Currency Options Trading Brokerage What is this parameter? ₹20 per Lot ₹7 Per Lot
Commodity Futures Trading Brokerage What is this parameter? 0.03% 0.007%
Commodity Options Trading Brokerage What is this parameter?

Other Charges

Minimum Brokerage Charges What is this parameter? ₹25 for Delivery and ₹12 for Intraday ₹15
Other Brokerage Charges What is this parameter? 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 What is this parameter? ₹20 per executed order
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Taxes

  Motilal Oswal Securities Ltd Trade Smart Online
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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 Trade Smart Online
Equity Delivery What is this parameter? NSE: 0.00335% | BSE: 0.01% 0.0035%
Equity Intraday What is this parameter? NSE: 0.00325% | BSE: 0.002% 0.0035%
Equity Futures What is this parameter? 0.002% 0.0024%
Equity Options What is this parameter? NSE 0.0511% | BSE 0.002% (on premium) 0.0715%
Currency Futures What is this parameter? 0.00125% 0.00165%
Currency Options What is this parameter? 0.042% (on premium) 0.06%
Commodity What is this parameter? MCX: 0.0025% 0.0039%
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Exposure

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

  Motilal Oswal Securities Ltd Trade Smart Online
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
SMS Alerts What is this parameter? Yes No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? Yes No
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? Orion Lite NEST, NOW
Intraday Square-off Time What is this parameter? Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Trade Smart Online
  79 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 79 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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Investment Options Available

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

  Motilal Oswal Securities Ltd Trade Smart Online
24/7 Customer Service What is this parameter? Yes No
Onine Live Chat What is this parameter? No Yes
Through Branches What is this parameter? Yes No
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Order Type

  Motilal Oswal Securities Ltd Trade Smart Online
Bracket Order What is this parameter? Yes
Cover Order What is this parameter? Yes
Buy Today Sell Tomorrow (BTST) What is this parameter?
Sell Today Buy Tomorrow (STBT) What is this parameter?
After Market Order(AMO) What is this parameter?
Good Till Cancelled (GTC) What is this parameter? Yes
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Research / Tips / Reports Published

  Motilal Oswal Securities Ltd Trade Smart Online
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  Motilal Oswal Securities Ltd Trade Smart Online
Casual Investor What is this parameter?
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Trade Smart Online
Pros What is this parameter?
  • 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...

  • 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 What is this parameter?
  • 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 What is this parameter? Useful Articles:
Promo / Offers What is this parameter?

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.

Enquire about Motilal Oswal Enquire about Trade Smart Online
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