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Motilal Oswal Vs TradeSmart: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Motilal Oswal Max 0.02 to 0.20% per trade while the brokerage of TradeSmart ranges between Rs 15. Motilal Oswal is a Full Service Broker where TradeSmart is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for TradeSmart is 29,729 where number of active customer for Motilal Oswal is 1. TradeSmart is serving more customer compare to Motilal Oswal.

Here we present side-by-side comparison of Motilal Oswal vs TradeSmart share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Motilal Oswal vs TradeSmart's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Motilal Oswal vs TradeSmart share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Motilal Oswal vs TradeSmart's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Motilal Oswal vs TradeSmart on Service

  Motilal Oswal Compare
Motilal Oswal
TradeSmart Compare
TradeSmart
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1 29,729
Broker Overview Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Motilal Oswal vs TradeSmart on Trading & Demat Account Opening Charges

Comparison of Motilal Oswal with TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal offer Free account opening where TradeSmart charges Rs 200 for account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where TradeSmart charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with TradeSmart
Charges Motilal Oswal TradeSmart
Trading Account Opening Fees Free Rs 200
Trading AMC Free Free
Demat Account Opening Fees Free Rs 200
Demat AMC Rs 400 per annum [Free for 1st year] Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs TradeSmart on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with TradeSmart. This section compare on high level about type of plans offered by brokers. Multiple Plans - TradeSmart provides Multiple Plans where Motilal Oswal doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Motilal Oswal with TradeSmart on Plan Options
Plan Types Motilal Oswal TradeSmart
Multiple Plans No Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs TradeSmart on Brokerage Charges

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.

Brokerage Charges - Compare Motilal Oswal with TradeSmart
Brokerage Charges Compare Motilal Oswal TradeSmart
Plan Name Default Brokerage Plan Flat Fee Rs 15 Trading Plan (Power Plan)
Equity Delivery 0.20% Flat Fee Rs 15
Equity Intraday 0.02% Flat Fee Rs 15
Equity Futures 0.02% Flat Fee Rs 15
Equity Options Rs 20 per lot Flat Fee Rs 15
Currency Futures Rs 20 per lot Flat Fee Rs 15
Currency Options Rs 20 per lot Flat Fee Rs 15
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Flat Fee Rs 15
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 18% interest PA No
Call & Trade Charges NA Rs 20 per executed Order
Auto Square off Charges NA Rs 20 per executed Order
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for TradeSmart
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Share Broker's Transaction Charges

Compare Motilal Oswal vs TradeSmart on Transaction Charges

Compare Motilal Oswal with TradeSmart on transaction charges and PCM fee by segment.

Transaction Charges - Compare Motilal Oswal with TradeSmart
Transaction Charges Compare Motilal Oswal TradeSmart
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for trade-smart-online
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Account Features

Compare Motilal Oswal vs TradeSmart on Account Features

Compare Motilal Oswal with TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - TradeSmart offers Algo Trading where Motilal Oswal doesn't offers Algo Trading. Margin Funding - Motilal Oswal offers a margin funding where TradeSmart doesn't offers margin funding. NRI Trading - Motilal Oswal offers NRI where TradeSmart doesn't offers NRI Trading.

Account Features - Motilal Oswal with TradeSmart
Account Features Compare Motilal Oswal TradeSmart
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Motilal Oswal vs TradeSmart on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and TradeSmart. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Motilal Oswal with TradeSmart
Trading Platform Compare Motilal Oswal TradeSmart
Desktop Trading Platform Orion Lite NEST Trader & Fox Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://power.motilaloswal.com/MOSL/userMaster/login https://sine.tradesmartonline.in/userMaster/login
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader Sine
Mobile Trading App Demo MO Trader Demo Sine Demo
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod Sine Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS Sine Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for TradeSmart
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for TradeSmart
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for TradeSmart
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for trade-smart-online

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Broker Ratings by Users

Compare Motilal Oswal vs TradeSmart on User Rating

  Motilal Oswal TradeSmart
  57 Customer Reviews    Rate Motilal Oswal 34 Customer Reviews    Rate TradeSmart
Fees Ratings 3.2 3.9
Trading Brokerage Rating 2.6 4.4
Trading Platform Usability 3.2 3.7
Customer Service Ratings 3.0 4.0
Overall Ratings 3.0 4.0
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews TradeSmart is Rated 4.0 / 5 based on 34 customer reviews
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Investment Offerings

Compare Motilal Oswal vs TradeSmart on Investment Offerings

Compare Motilal Oswal with TradeSmart on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Motilal Oswal offers online mutual fund investment option where TradeSmart doesn't offer. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where TradeSmart doesn't offer

Investment Offerings - Compare Motilal Oswal with TradeSmart
Investment Offerings Compare Motilal Oswal TradeSmart
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes No
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Motilal Oswal vs TradeSmart on Order Types

Order Type - Compare Motilal Oswal with TradeSmart on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Motilal Oswal offers Good Till Cancelled (GTC) orders where TradeSmart doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Motilal Oswal with TradeSmart
Order Type Compare Motilal Oswal TradeSmart
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Motilal Oswal vs TradeSmart on Customer Service

Compare Motilal Oswal with TradeSmart on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Motilal Oswal with TradeSmart
Customer Service Compare Motilal Oswal TradeSmart
24/7 Customer Service Motilal Oswal vs TradeSmart - 24x7 customer support No No
Email Support Motilal Oswal vs TradeSmart - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs TradeSmart - Onine Live Chat No Yes
Phone Support Motilal Oswal vs TradeSmart - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs TradeSmart - Toll Free Number No No
Through Branches Motilal Oswal vs TradeSmart - Through Branches Yes No
Customer Care Number Motilal Oswal vs TradeSmart - Customer Care Number 022 40548000/022 67490600 022 61208000
Account Opening Process Motilal Oswal vs TradeSmart - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Motilal Oswal vs TradeSmart - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs TradeSmart - Knowledge Center/Education https://edumo.motilaloswal.com/ https://help.tradesmartonline.in/
Head Office Address Motilal Oswal vs TradeSmart - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Trade Smart Online,
A-401, Mangalya,
Marol Maroshi Road,
Andheri East,
Gamdevi, Marol,
Andheri East,
Mumbai, MH 400059
Website Motilal Oswal vs TradeSmart - Company Website https://www.motilaloswal.com/ https://tradesmartonline.in/
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Tips/Research/Reports Published

Compare Motilal Oswal vs TradeSmart on Research Reports, Tips

Compare Motilal Oswal with TradeSmart on research reports and tips provided by the broker.

Research Reports - Compare Motilal Oswal with TradeSmart
  Motilal Oswal TradeSmart
Research Mutual Funds Motilal Oswal vs TradeSmart - Research Mutual Funds Yes No
Research Equity Reports Motilal Oswal vs TradeSmart - Research Equity Reports Yes No
Research ETF Motilal Oswal vs TradeSmart - Research ETF Yes No
Daily Market Report Motilal Oswal vs TradeSmart - Daily Market Report Yes No
Free Tips Motilal Oswal vs TradeSmart - Free Tips Yes No
Quarterly Result Analysis Motilal Oswal vs TradeSmart - Quarterly Results Yes No
News Alerts Motilal Oswal vs TradeSmart - Yes No
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Demat Account

Compare Motilal Oswal vs TradeSmart on Demat Account

Compare Motilal Oswal with TradeSmart on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for TradeSmart is ₹300 pa where for Motilal Oswal is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for TradeSmart is ₹25.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Motilal Oswal with TradeSmart
  Motilal Oswal TradeSmart
DP Source CDSL CDSL
DP ID Motilal Oswal vs TradeSmart - DP ID 10900 30400
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹300 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹25
Demat ₹50 per certificate + ₹50 courier charges ₹500 per certificate (Min ₹500 per request)
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹500 per certificate (Min ₹500 per request)
Pledge Creation ₹35 ₹200 per script
₹50 for trading margin each side
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹35 ₹200 per script
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹35 ₹200 per script
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs TradeSmart on Special Offers and Promotion

Compare Motilal Oswal with TradeSmart on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Motilal Oswal vs TradeSmart on Special Offers and Promotion
  Motilal Oswal TradeSmart
Pay In and Pay Out Options Motilal Oswal vs TradeSmart - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SIGN Mobile, SIGN Web and NEST Software.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Motilal Oswal vs TradeSmart - Payout Time Max 24 hrs except bank holidays. Up to 24 Hrs except Bank Holidays.
Bank Supported and Charges Motilal Oswal vs TradeSmart - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Around 28 banks allow instant credit facility(Payment Gateway) with charges of Rs 8 + GST from TradeSmart trading platforms.
Bank Detail Info Not Available VNS Finance and Capital Services Ltd.,
Account Number:VNS095XXXXXXX
Bank and Branch: Yes Bank,CMS National Operating Centre MMR
Account Type: Current Account
IFSC Code: YESB0CMSNOC
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There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?

  • Trade in stocks, derivatives, currencies, and commodities.
  • Lowest brokerage: Trade at 15 flat brokerage fees.
  • Multiple trading platforms: SINE, TradeSmart App, Nest Trader, Fox Trader, etc.
  • Super-efficient Trade Smart Box integrated back office portal.
  • Tradetron Algo Trading with TradeSmart.
  • No minimum balance is required.
  • Instant UPI fund transfer.
  • Free of cost Swing API.
  • Apply for IPOs online using UPI.
  • Online Direct mutual fund investment at Rs.0 brokerage.
  • Online brokerage calculator to calculate trading cost upfront.
  • TradeSmart blogs, newsroom, and Knowledge hub for beginners to experts.
  • Advanced orders like bracket order (BO), cover order (CO), and after-market order (AMO).
  • Margin against shares (MAS) in your Demat account.
  • No Hidden charges.

Detail Review...

Dislikes

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

There are several disadvantages or limitations as well of trading with TradeSmart such as follows;

  • You cannot invest in SME IPOs.
  • TradeSmart App is only available on the Play Store.
  • NRIs cannot open a Demat and Trading account at Trade smart.
  • It does not provide trading tips, research, and portfolio management services.

Detail Review...

Special Offers/Promo Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) Free Account Opening, Rs 400 Waived for a limited time.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T05:03:12+00:00