Motilal Oswal vs SMC Global – Point by Point Comparison

Comparing two brokers for online share trading, Motilal Oswal and SMC Global are both full service brokers. While Motilal Oswal provides services in BSE, NSE, MCX, MSEI and NCDEX, SMC Global works in BSE, NSE, MCX and NCDEX. Motilal Oswal does not charge any fees for opening a trading account but SMC Global charges Rs. 1000 for the same. The fees for opening a Demat account also vary with Rs.441 charged by the Motilal Oswal and Rs.300 by SMC Global. The minimum brokerage charges are Rs.30 for delivery and Rs.15 for intraday for Motilal Oswal whereas it is Rs.25 or 2.5% of the transaction value, whichever is lower for SMC Global. Talking about additional features, online demo is not available at SMC Global but it is available at Motilal Oswal. The 3-in-1 account facility is not available at both the brokers. The trading platform differs as well: Orion Lite for Motilal Oswal and Odin Diet for SMC Global. When we compare the brokers for online share trading, it is important to note the customer services. There is 24/7 Customer support service available at Motilal Oswal but SMC Global does not provide this facility.

    Motilal Oswal SMC Global
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 0 Rs. 1000
Annual Maintenance Charges of Trading Account Rs. 0 Nil
Fees for Opening Demat Account Rs. 0 Nil
Annual Maintenance Charges of Demat Account Rs. 441 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% 0.30%
Equity Intraday Charges 0.05% 0.03%
Equity Future Charges 0.05% 0.03%
Equity Options Charges Rs. 75 per lot Rs. 70 per lot
Currency Futures Charges Rs. 20 per lot 0.03%
Currency Options Charges Rs. 20 per lot Rs. 20 per lot
Commodity Charges 0.03% 0.03%
Minimum Brokerage Charges For Delivery: Rs. 30 & For Intraday: Rs. 15 Rs. 25 per transaction or 2.5% of the transaction value, whichever is lower
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 0.065% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.042% on Premium 0.065% 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 Y
Online Demo Y NA
Online Portfolio Y Y
Trading Platform Orion Lite Odin Diet
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support Y N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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