Motilal Oswal vs TradeSmartOnline – Point by Point Comparison

Talking about online share trading, Motilal Oswal is a full service broker working on exchanges BSE, NSE, MCX, MSEI and NCDEX whereas TradeSmartOnline is a Discount Broker working on exchanges like BSE,NSE, MCX and NCDEX. The fees for opening trading account and Demat Account is Rs.200 for TradeSmartOnline whereas Motilal Oswal doesn’t charge for the same. The maintenance of Demat account is Rs. 300 for the former and Rs.441 for the latter. The Equity delivery, intraday and future charges for Motilal Oswal is 0.05% whereas for TradeSmartOnline it is Rs.15. the minimum brokerage charges too differ being Rs.15 for the latter and Rs.30 for delivery and Rs.15 for intraday for the former. Both of these don’t provide the 3-in-1 account facility. The trading platform for Motilal Oswal is Orion Lite and on the other hand the same for TradeSmartOnline is NEST and NOW. TradeSmartOnline doesn’t allow investment in IPO (Initial Public Offers) and debt but Motilal Oswal does. When it comes to customer support, SMS alert and Online Portfolio is not available in TradeSmartOnline but it is present in Motilal Oswal. The latter doesn’t provide Online Live Chat but the former does. Motilal Oswal has the facility of 24/7 Customer Support, Branch support and also issues Daily market report and Quarterly Analysis of Results but TradeSmartOnline doesn’t have all of these facilities.

    Motilal Oswal TradeSmartOnline
Basic Information Type of Broker Full Service Broker Discount Broker
Exchanges BSE, NSE, MCX, MSEI & NCDEX BSE, NSE, MCX, NCDEX
Fees for Opening Trading Account Rs. 0 Rs. 200
Annual Maintenance Charges of Trading Account Rs. 0 Nil
Fees for Opening Demat Account Rs. 0 Rs. 200
Annual Maintenance Charges of Demat Account Rs. 441 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% Rs. 15
Equity Intraday Charges 0.05% Rs. 15
Equity Future Charges 0.05% Rs. 15
Equity Options Charges Rs. 75 per lot Rs. 15
Currency Futures Charges Rs. 20 per lot Rs. 15
Currency Options Charges Rs. 20 per lot Rs. 15
Commodity Charges 0.03% Rs. 15
Minimum Brokerage Charges For Delivery: Rs. 30 & For Intraday: Rs. 15 Rs. 15
Transaction Charges Equity Delivery For BSE: 0.01% and for NSE: 0.00335% 0.00%
Equity Intraday For BSE: 0.002% and for NSE: 0.00325% 0.00%
Equity Futures 0.00% 0.00%
Equity Options For BSE: 0.002% and for NSE: 0.0511% on Premium 0.0715% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.042% on Premium 0.0600% on Premium
Commodity For MCX: 0.0025% 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y N
Online Demo Y Y
Online Portfolio Y N
Trading Platform Orion Lite NEST, NOW
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y N
Mutual Funds Y Y
Debt Y N
Bond/ NCD Y Y
Customer Support 24/7 Customer Support Y N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

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