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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of TradeSmart ranges between Rs 15, while the brokerage of Groww ranges between Rs 20. The broker TradeSmart and Groww are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, TradeSmart is rated 4, Groww is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs TradeSmart vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Motilal Oswal vs TradeSmart vs Groww on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Motilal Oswal vs TradeSmart vs Groww in this setion with 360 degree view of broker information.
 Motilal Oswal |
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| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| 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. | Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...  |
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In this section we have compared Motilal Oswal vs TradeSmart vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Groww offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, TradeSmart charges Rs 300 PA AMC for Demat account, where Groww charges Free AMC for Demat account.
| Charges | Motilal Oswal | TradeSmart | Groww |
|---|---|---|---|
| Trading Account Opening Fees | Free | Rs 200 | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Rs 200 | Free |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Rs 300 PA | Free |
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Plans are the most important feature you look when compare Motilal Oswal vs TradeSmart vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - TradeSmart offers Multiple Plans where Motilal Oswal and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Motilal Oswal | TradeSmart | Groww |
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| Multiple Plans |  |
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| Zerodha | Zerodha | Zerodha | |
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| Account Opening Request |
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.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
| Brokerage Charges Compare | Motilal Oswal | TradeSmart | Groww |
|---|---|---|---|
| Plan Name | Default Brokerage Plan | Flat Fee Rs 15 Trading Plan (Power Plan) | Flat Brokerage Plan |
| Equity Delivery | 0.20% | Flat Fee Rs 15 | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | 0.02% | Flat Fee Rs 15 | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.02% | Flat Fee Rs 15 | Flat Fee Rs 20 |
| Equity Options | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 20 |
| Currency Futures | Rs 20 per lot | Flat Fee Rs 15 | Not Available |
| Currency Options | Rs 20 per lot | Flat Fee Rs 15 | Not Available |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 15 | Not Available |
| Minimum Brokerage | |||
| Hidden Charges | No | No | |
| Funding | Yes - 18% interest PA | No | NA |
| Call & Trade Charges | NA | Rs 20 per executed Order | Rs 50 Per Executable Order |
| Auto Square off Charges | NA | Rs 20 per executed Order | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for TradeSmart | Brokerage Calculator for Groww |
Compare Motilal Oswal vs TradeSmart vs Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | TradeSmart | Groww |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | 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 | NA |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for trade-smart-online | Complete Brokerage Plans for groww |
Compare Motilal Oswal vs TradeSmart vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Motilal Oswal and Groww offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - Motilal Oswal offers NRI Trading where TradeSmart and Groww doesn't offers NRI Trading.
| Account Features Compare | Motilal Oswal | TradeSmart | Groww |
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| 3 in 1 Account | |
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| Algo Trading | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:10 PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs TradeSmart vs Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Trading Platform Compare | Motilal Oswal | TradeSmart | Groww |
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| Desktop Trading Platform | Orion Lite | NEST Trader & Fox Trader | Groww App |
| Desktop Demo | Desktop Demo | Desktop Demo | Info Not Available |
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| Web Trading Platform | |
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| Web Trading Detail |
https://power.motilaloswal.com/MOSL/userMaster/login |
https://sine.tradesmartonline.in/userMaster/login |
Yes |
| Web Trading Demo | Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | MO Trader | Sine | Groww App |
| Mobile Trading App Demo | MO Trader Demo | Sine Demo | Info Not Available |
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| Android App Download | Andriod MO Trader Download | Andriod Sine Download | Andriod Download |
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| iOS App Download | iOS MO Trader Download | iOS Sine Download | iOS Groww App Download |
| Android Tablet App | |
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| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal | Equity Intraday and Delivery Brokerage Calculator for TradeSmart | Equity Intraday and Delivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for TradeSmart | Futures Brokerage Calculator for Groww |
| Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for TradeSmart | Options Brokerage Calculator for Groww |
| Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for trade-smart-online | Detail on Trading Platforms for groww |
| Motilal Oswal | TradeSmart | Groww | ||
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57 Customer Reviews
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34 Customer Reviews
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8 Customer Reviews
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| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
| Customer Service Ratings | ||||
| Overall Ratings | ||||
| 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 | Groww is Rated 4.3 / 5 based on 8 customer reviews |
Compare Motilal Oswal vs TradeSmart vs Groww 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Motilal Oswal and TradeSmart offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal and Groww offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where TradeSmart and Groww doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | TradeSmart | Groww |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs TradeSmart vs Groww on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Motilal Oswal and TradeSmart provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Motilal Oswal and TradeSmart provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Motilal Oswal and TradeSmart AMO facility where Groww doesn't provides AMO. GTC Orders - Motilal Oswal offers Good Till Cancelled (GTC) orders facility where TradeSmart and Groww doesn't provides GTC.
| Order Type Compare | Motilal Oswal | TradeSmart | Groww |
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| CNC order | |
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Compare Motilal Oswal vs TradeSmart vs Groww on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | Motilal Oswal | TradeSmart | Groww |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | 022 61208000 | 9108800604 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://help.tradesmartonline.in/ | https://groww.in/academy |
| Head Office 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 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website | https://www.motilaloswal.com/ | https://tradesmartonline.in/ | https://groww.in/ |
Compare Motilal Oswal vs TradeSmart vs Groww on research reports and tips provided by broker.
| Motilal Oswal | TradeSmart | Groww | |
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| Research Mutual Funds | |
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| Research Equity Reports | |
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| Research ETF | |
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Compare Motilal Oswal vs TradeSmart vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | TradeSmart | Groww | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 30400 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹300 pa | Zero |
| Advance Deposit | NIL | NIL | Nil |
| Statutory charges | Nil | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹25 | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹500 per certificate (Min ₹500 per request) | ₹150 per certificate + courier charges |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹500 per certificate (Min ₹500 per request) | ₹150 per certificate + courier charges |
| Pledge Creation | ₹35 | ₹200 per script ₹50 for trading margin each side |
₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | Nil | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | ₹35 | ₹200 per script | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | Nil | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | ₹35 | ₹200 per script | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | Nil | Nil | ₹50 |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs TradeSmart vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | TradeSmart | Groww | |
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| 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. |
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time | Max 24 hrs except bank holidays. | Up to 24 Hrs except Bank Holidays. | Max 24 hrs except bank holidays |
| 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. | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| 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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| Likes |
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;
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Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
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| 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;
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There are several disadvantages or limitations as well of trading with TradeSmart such as follows;
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| 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. | |
| Enquire for Motilal Oswal | Enquire for TradeSmart | Enquire for Groww |
Last Updated on 2023-09-14T05:03:12+00:00
