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Motilal Oswal Vs Trustline Share Broker Comparison

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

  Motilal Oswal Securities Ltd Trustline Securities Ltd
 
Motilal Oswal Securities Ltd Logo Trustline Securities Ltd 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 1989, Trustline Securities is a Noida based financial service provider. Trustline is a full-service broker for over 25 years. Trustline offers customised investment solutions to corporate, institutions and retail investors, through a ... Know more about Trustline Securities Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Standard Account Full-service Brokerage Plan
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 Trustline Securities Ltd
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 Trustline Securities Ltd
Account Type Standard Account Full-service Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.20% (20 paisa)
Equity Intraday Brokerage 0.015% to 0.05% 0.02% (2 paisa)
Equity Futures Brokerage 0.015% to 0.05% 0.02% (2 paisa)
Equity Options Brokerage ₹25 to ₹100 per Lot ₹75 per lot
Currency Futures Trading Brokerage 0.05% 0.02% (2 paisa)
Currency Options Trading Brokerage ₹20 per Lot ₹7.5 per lot
Commodity Futures Trading Brokerage 0.05% Future: 0.02% (2 paisa) | Options: ₹50 per lot
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 Trustline Securities Ltd
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 Trustline Securities Ltd
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 Trustline Securities Ltd
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 Trustline Securities Ltd
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 Trustline Securities Ltd
  79 Customer Reviews    Rate Motilal Oswal 1 Customer Reviews    Rate Trustline
Fees Ratings 2.9 4.0
Trading Brokerage Rating 2.5 3.0
Trading Platform Usability 3.1 4.0
Customer Service Ratings 2.8 4.0
Overall Ratings Rated 2.7 stars Rated 4.0 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

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

  Motilal Oswal Securities Ltd Trustline Securities Ltd
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 Trustline Securities Ltd
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 Trustline Securities Ltd
Bracket Order Yes
Cover Order Yes 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 Trustline Securities Ltd
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 Trustline Securities Ltd
Casual Investor
Active Investor Yes
Trader Yes Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Trustline Securities Ltd
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...

  • Research based fundamental and technical analysis available to all the customers.
  • 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
  • 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.
  • Doesn't offer bracket orders.
  • Online IPO, NCD, Corporate Bond investment is not available.
  • Trading API is now available.
  • 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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