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Motilal Oswal Vs SMC Global Share Broker Comparison

The side-by-side comparison of Motilal Oswal Securities Ltd and SMC Global Limited stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and SMC Global'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 SMC Global.

  Motilal Oswal Securities Ltd SMC Global Limited
 
Motilal Oswal Securities Ltd Logo SMC Global Limited 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 Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through office... Know more about SMC Global Limited
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX NSE, BSE, MCX, NCDEX
Account Type Standard Account
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 SMC Global. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd SMC Global Limited
Trading Account Opening Fees ₹0 Nil
Trading Account AMC ₹0 Nil
Demat Account Opening Fees ₹0 Rs 499
Demat Account AMC ₹299 (1st year free) Rs 300
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd SMC Global Limited
Account Type Standard Account
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.3%
Equity Intraday Brokerage 0.015% to 0.05% 0.03%
Equity Futures Brokerage 0.015% to 0.05% 0.03%
Equity Options Brokerage ₹25 to ₹100 per Lot Rs.70 per lot
Currency Futures Trading Brokerage 0.05% 0.03%
Currency Options Trading Brokerage ₹20 per Lot Rs.20 per lot
Commodity Futures Trading Brokerage 0.05% 0.03%
Commodity Options Trading Brokerage No 0.03%

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges Minimum balance: ₹1,000
Call & Trade Charges Nil
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Taxes

  Motilal Oswal Securities Ltd SMC Global Limited
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 SMC Global Limited
Equity Delivery NSE: 0.00335% | BSE: 0.01% 0.0035%
Equity Intraday NSE: 0.00325% | BSE: 0.002% 0.0035%
Equity Futures 0.002% 0.0029%
Equity Options NSE 0.0511% | BSE 0.002% (on premium) 0.065% (on premium)
Currency Futures 0.00125% 0.0029%
Currency Options 0.042% (on premium) 0.065% (on premium)
Commodity MCX: 0.0025% 0.0030%
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Exposure

  Motilal Oswal Securities Ltd SMC Global Limited
Equity Delivery 4 times Upto 3x
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks Upto 10x Intraday
Equity Futures Intraday: 3 times | Carry forward position: no exposure Upto 2x
Equity Options No exposure NA
Currency Futures NA NA
Currency Options NA NA
Commodity Intraday: 3 times | Carry forward position: no exposure Upto 2x
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Share Broker Features

  Motilal Oswal Securities Ltd SMC Global Limited
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Orion Lite, MO Trader App SMC Privilege, Easy Trader, Mobitrader, Tab Trader
Intraday Square-off Time
Other Features
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd SMC Global Limited
  79 Customer Reviews    Rate Motilal Oswal 13 Customer Reviews    Rate SMC Global
Fees Ratings 2.9 3.8
Trading Brokerage Rating 2.5 3.3
Trading Platform Usability 3.1 3.9
Customer Service Ratings 2.8 3.8
Overall Ratings Rated 2.7 stars Rated 3.8 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews SMC Global is Rated 3.8 / 5 based on 13 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd SMC Global Limited
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal Securities Ltd SMC Global Limited
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives Insurance
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Customer Service Offered

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

  Motilal Oswal Securities Ltd SMC Global Limited
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 SMC Global Limited
Casual Investor
Active Investor
Trader Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd SMC Global Limited
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...

  1. They have 50+ branches for extensive reach.
  2. Call and trade facility is also available.
  3. Clients can place AMO (After Market Orders) and BTST (Buy Today Sell tomorrow) orders.
  4. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  5. Trading is available in both BSE and NSE.
  6. Low bandwidth website is available for slow internet connection or for trading from mobile devices.

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...

  1. Mobile trading on NSE is not available.
  2. They don't offer 3 in 1 account.
  3. There charge extra for their featured products.

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.

Enquire about Motilal Oswal Enquire about SMC Global
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