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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of ProStocks ranges between Rs 15, while the brokerage of TradeSmart ranges between Rs 15. The broker ProStocks and TradeSmart are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, ProStocks is rated 4, TradeSmart is rated 4 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs ProStocks vs TradeSmart 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 ProStocks vs TradeSmart 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 ProStocks vs TradeSmart 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 | NSE, BSE | BSE, NSE, MCX, NCDEX |
| 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. | Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an... |
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. |
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In this section we have compared Motilal Oswal vs ProStocks vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and ProStocks 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, ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.
| Charges | Motilal Oswal | ProStocks | TradeSmart |
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| Trading Account Opening Fees | Free | Free | Rs 200 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Rs 200 |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Rs 0 (Rs 1000 Refundable Deposit) | Rs 300 PA |
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Plans are the most important feature you look when compare Motilal Oswal vs ProStocks vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ProStocks and TradeSmart offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Motilal Oswal and TradeSmart doesn't offer.
| Plan Types | Motilal Oswal | ProStocks | TradeSmart |
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| Zerodha | Zerodha | ProStocks | |
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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.
ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.
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 | ProStocks | TradeSmart |
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| Plan Name | Default Brokerage Plan | Flat Fee Rs 15 Trading Plan | Flat Fee Rs 15 Trading Plan (Power Plan) |
| Equity Delivery | 0.20% | Free | Flat Fee Rs 15 |
| Equity Intraday | 0.02% | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Equity Futures | 0.02% | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Equity Options | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Currency Futures | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Currency Options | Rs 20 per lot | Flat Fee Rs 15 | Flat Fee Rs 15 |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | NA | Flat Fee Rs 15 |
| Minimum Brokerage | NA | ||
| Hidden Charges | No | No | |
| Call & Trade Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order | Rs 20 per executed Order |
| Auto Square off Charges | NA | Delivery Rs 25, Intraday and F&O Rs 10 per executed order | Rs 20 per executed Order |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for ProStocks | Brokerage Calculator for TradeSmart |
Compare Motilal Oswal vs ProStocks vs TradeSmart on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | ProStocks | TradeSmart |
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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 | NA | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for prostocks | Complete Brokerage Plans for trade-smart-online |
Compare Motilal Oswal vs ProStocks vs TradeSmart 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 offers margin funding where ProStocks and TradeSmart doesn't offers margin funding. NRI Trading - Motilal Oswal and ProStocks offers NRI Trading where TradeSmart doesn't offers NRI Trading.
| Account Features Compare | Motilal Oswal | ProStocks | TradeSmart |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
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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 ProStocks vs TradeSmart. 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.
| Motilal Oswal | ProStocks | TradeSmart | ||
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57 Customer Reviews
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20 Customer Reviews
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34 Customer Reviews
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| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | ProStocks is Rated 0.9 / 5 based on 20 customer reviews | TradeSmart is Rated 4.0 / 5 based on 34 customer reviews |
Compare Motilal Oswal vs ProStocks vs 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 - 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 ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Motilal Oswal offers online mutual fund investment where ProStocks and TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal offers PMS facility where ProStocks and TradeSmart doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | ProStocks | TradeSmart |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs ProStocks vs TradeSmart 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) - All 3 brokers doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Motilal Oswal and ProStocks offers Good Till Cancelled (GTC) orders facility where TradeSmart doesn't provides GTC.
| Order Type Compare | Motilal Oswal | ProStocks | TradeSmart |
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Compare Motilal Oswal vs ProStocks vs TradeSmart 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 | ProStocks | TradeSmart |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | +91-2262-434343 | 022 61208000 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://www.prostocks.com/faq.html | https://help.tradesmartonline.in/ |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
| Website | https://www.motilaloswal.com/ | https://www.prostocks.com | https://tradesmartonline.in/ |
Compare Motilal Oswal vs ProStocks vs TradeSmart on research reports and tips provided by broker.
| Motilal Oswal | ProStocks | TradeSmart | |
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Compare Motilal Oswal vs ProStocks vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | ProStocks | TradeSmart | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 83200 | 30400 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | Free (₹1000 Refundable Deposit) | ₹300 pa |
| Advance Deposit | NIL | 1000/- Refundable Deposit against charges | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹20 per ISIN | ₹25 |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹50 per set up + ₹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 | ₹50 per set up + ₹50 courier charges | ₹500 per certificate (Min ₹500 per request) |
| Pledge Creation | ₹35 | ₹50 | ₹200 per script ₹50 for trading margin each side |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | ₹35 | ₹50 | ₹200 per script |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | ₹35 | ₹50 | ₹200 per script |
| Failed Instruction Charges | Nil | ₹50 per transaction | Nil |
| Other Charges |
Compare Motilal Oswal vs ProStocks vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | ProStocks | TradeSmart | |
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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) | ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit. | Free Account Opening, Rs 400 Waived for a limited time. |
| Enquire for Motilal Oswal | Enquire for ProStocks | Enquire for TradeSmart |
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