Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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About Motilal Oswal
With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Adviso... 
About TradeSmart
TradeSmart is a Mumbai-based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmartFintech Securities Ltd, formerly registered as VNS Finance & Capital Services Ltd; is a traditional brokerage company incorporated in 1994 to offer brokerage services to Indian Stock, Commodity & Currency market investors and traders through franchisees and sub-brokers.
TradeSmart offers trading in NSE Cash, NSE F&O, NSE Currency derivatives, BSE Cash, MCX Commodi...
Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India. Incorporated in 1994, TradeSmart is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 1 branches across India.
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Type of Broker | Full Service Broker | Discount Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 1987 | 1994 |
| Number of Branches | 305 | 1 |
| Open Motilal Oswal Account | Open TradeSmart Account |
Motilal Oswal trading account opening charges is Rs 0 (Free) while TradeSmart account opening changes is Free. Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year) and TradeSmart Demat Account AMC Charges is Rs 300 (1st Year Free).
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Free |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Free |
| Demat Account AMC Charges | Rs 199 (Free for 1st Year) | Rs 300 (1st Year Free) |
Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime) whereas TradeSmart brokerage charges for equity is Rs 15 per order and intraday is Rs 15 per order.
| Account Type | Motilal Oswal Default Plan | TradeSmart Power Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | 0.20% | Rs 15 per order |
| Equity Intraday | Rs 0 (Free for lifetime) | Rs 15 per order |
| Equity Futures | 0.02% | Rs 15 per order |
| Equity Options | Rs 20 per lot | Rs 15 per order |
| Currency Futures | Rs 20 per lot | Rs 15 per order |
| Currency Options | Rs 20 per lot | Rs 15 per order |
| Commodity Futures | 0.02% | Rs 15 per order |
| Commodity Options | Rs 200 Per Lot | Rs 15 per order |
| Special Offer | Special Offer: Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. | Special Offer: Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. |
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Account Type | Default Plan | Value Plan |
| Fixed Charges | NA | NA |
| Equity Delivery | 0.20% | 0.07% |
| Equity Intraday | Rs 0 (Free for lifetime) | 0.007% |
| Equity Futures | 0.02% | 0.007% |
| Equity Options | Rs 20 per lot | Rs 7 Per Lot |
| Currency Futures | Rs 20 per lot | 0.007% |
| Currency Options | Rs 20 per lot | Rs 7 Per Lot |
| Commodity Futures | 0.02% | 0.007% |
| Commodity Options | Rs 200 Per Lot | Rs 7 Per Lot |
| Open Motilal Oswal Account | Open TradeSmart Account |
| Minimum Brokerage | Rs 25 for Delivery | Rs 15 per executed order |
| Other Charges | Intraday positions (MIS, CO & BO) squared off by RMS team is charged at Rs 20 per executed order | |
| Call & Trade Charges | Free | Rs 20 per executed order |
| Open Motilal Oswal Account | Open TradeSmart Account |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the TradeSmart margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Motilal Oswal Account | Open TradeSmart Account |
The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. TradeSmart offers Mobile trading app, Desktop trading application, Browser, APIs trading software.
| Motilal Oswal | TradeSmart | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading |  | |
| Margin Trading Funding | | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE | Mobile trading app, Desktop trading application, Browser, APIs |
| Intraday Square-off Time | Equity (Cash, F&O): 3.10 PM, Currency: 4.45 PM, Commodity: 30 mins before closing | |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | ||
| Open Motilal Oswal Account | Open TradeSmart Account |
Motilal Oswal is rated of 5 based on 152 customer reviews whereas TradeSmart is rated of 5 based on 67 customer reviews.
| Motilal Oswal | TradeSmart | |
|---|---|---|
152 Customer Reviews  | 67 Customer Reviews | |
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| Broker Rating | Motilal Oswal is Rated 2.2 / 5 based on 152 customer reviews | TradeSmart is Rated 4.0 / 5 based on 67 customer reviews |
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Contact Broker | Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. | Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today. |
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Open Motilal Oswal Account | Open TradeSmart Account |
| Motilal Oswal | TradeSmart | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Motilal Oswal | TradeSmart | |
|---|---|---|
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| Promo / Offers | Motilal Oswal Special OfferFREE Account Opening (for a limited time only)
This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes. | TradeSmart Special OfferFlat Rs 15 per trade (FREE Account Opening)
This is a limited-time offer. Open Instant TradeSmart Account online and start trading today. |
| Open Motilal Oswal Account | Open TradeSmart Account |
Open Motilal Oswal Account