FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
The brokerage of ICICIDirect ranges between Rs. 20, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of TradeSmart ranges between Rs 15. The broker ICICIDirect and Motilal Oswal are full service brokers where TradeSmart is a discount broker. Overall rating for ICICIDirect is 4, Motilal Oswal is rated 4, TradeSmart is rated 4 out of 5.
Here we present side-by-side comparison of ICICIDirect vs Motilal Oswal 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 ICICIDirect vs Motilal Oswal 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 ICICIDirect vs Motilal Oswal vs TradeSmart in this setion with 360 degree view of broker information.
In this section we have compared ICICIDirect vs Motilal Oswal vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - ICICIDirect and Motilal Oswal offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - ICICIDirect charges Rs 300 per annum as AMC for Demat account, Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account, where TradeSmart charges Rs 300 PA AMC for Demat account.
Charges | ICICIDirect | Motilal Oswal | 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 300 per annum | Rs 400 per annum [Free for 1st year] | Rs 300 PA |
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Plans are the most important feature you look when compare ICICIDirect vs Motilal Oswal vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - ICICIDirect and TradeSmart offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
Plan Types | ICICIDirect | Motilal Oswal | TradeSmart |
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Multiple Plans | ![]() |
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Monthly Plans | ![]() |
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Yearly Plans | ![]() |
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Zerodha | Zerodha | Zerodha | |
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Account Opening Request |
ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.
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.
Brokerage Charges Compare | ICICIDirect | Motilal Oswal | TradeSmart |
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Plan Name | NEO Flat Discount Brokerage Plan | Default Brokerage Plan | Flat Fee Rs 15 Trading Plan (Power Plan) |
Equity Delivery | 0.55% | 0.20% | Flat Fee Rs 15 |
Equity Intraday | Flat Rs. 20 per order | 0.02% | Flat Fee Rs 15 |
Equity Futures | Free (Rs. 0 brokerage) | 0.02% | Flat Fee Rs 15 |
Equity Options | Flat Rs. 20 per order | Rs 20 per lot | Flat Fee Rs 15 |
Currency Futures | Flat Rs. 20 per order | Rs 20 per lot | Flat Fee Rs 15 |
Currency Options | Flat Rs. 20 per order | Rs 20 per lot | Flat Fee Rs 15 |
Commodity Trading | Flat Rs. 20 per order | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 15 |
Minimum Brokerage | Rs 35 per trade | ||
Hidden Charges | Yes | No | |
Call & Trade Charges | First 20 call free and Rs 25 there onwards. | NA | Rs 20 per executed Order |
Auto Square off Charges | First 20 call free and Rs 25 there onwards. | NA | Rs 20 per executed Order |
Brokerage Calculator | Brokerage Calculator for ICICIDirect | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for TradeSmart |
Compare ICICIDirect vs Motilal Oswal vs TradeSmart on transaction charges and PCM fee by segment.
Transaction Charges Compare | ICICIDirect | Motilal Oswal | 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 | NA | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
Brokerage Charges | Complete Brokerage Plans for icicidirect | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for trade-smart-online |
Compare ICICIDirect vs Motilal Oswal vs TradeSmart on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect offers 3-in-1 Account where Motilal Oswal and TradeSmart offers only 2-in-1 account which includes trading and demat account. Margin Funding - ICICIDirect and Motilal Oswal offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - ICICIDirect and Motilal Oswal offers NRI Trading where TradeSmart doesn't offers NRI Trading.
Account Features Compare | ICICIDirect | Motilal Oswal | TradeSmart |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Algo Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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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 | 3:15PM |
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 ICICIDirect vs Motilal Oswal 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.
Compare ICICIDirect vs Motilal Oswal 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 ICICIDirect doesn't offers Commodity Trading. Online Mutual Fund Investment - ICICIDirect and Motilal Oswal offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - ICICIDirect and Motilal Oswal offers PMS facility where TradeSmart doesn't offers PMS facility.
Investment Offerings Compare | ICICIDirect | Motilal Oswal | TradeSmart |
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Equity Cash and F&O | ![]() |
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Currency Deravitives | ![]() |
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Commodity | ![]() |
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Online IPO Application | ![]() |
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Mutual Funds | ![]() |
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Bond / NCD | ![]() |
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ETF | ![]() |
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Banking | ![]() |
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Insurance | ![]() |
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Forex | ![]() |
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MF SIP Investment | ![]() |
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Equity SIP Investment | ![]() |
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PMS Service | ![]() |
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Other Investment Options | NIL | NIL | NIL |
Compare ICICIDirect vs Motilal Oswal 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 | ICICIDirect | Motilal Oswal | TradeSmart |
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24/7 Customer Service | ![]() |
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Email Support | ![]() |
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Onine Live Chat | ![]() |
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Phone Support | ![]() |
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Toll Free Number | ![]() |
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Through Branches | ![]() |
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Customer Care Number | 1860 123 1122 | 022 40548000/022 67490600 | 022 61208000 |
Account Opening Process | Online | Online/Paperless | Online/Paperless |
Customer Support Email | [email protected] | [email protected] | [email protected] |
Knowledge Center/Education | https://www.icicidirect.com/knowledge-center | https://edumo.motilaloswal.com/ | https://help.tradesmartonline.in/ |
Head Office Address | ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020 |
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 |
Website | https://www.icicidirect.com | https://www.motilaloswal.com/ | https://tradesmartonline.in/ |
Compare ICICIDirect vs Motilal Oswal vs TradeSmart on research reports and tips provided by broker.
ICICIDirect | Motilal Oswal | TradeSmart | |
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Research Mutual Funds | ![]() |
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Research Equity Reports | ![]() |
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Research ETF | ![]() |
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Daily Market Report | ![]() |
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Free Tips | ![]() |
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Quarterly Result Analysis | ![]() |
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News Alerts | ![]() |
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Compare ICICIDirect vs Motilal Oswal vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details
ICICIDirect | Motilal Oswal | TradeSmart | |
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DP Source | CDSL | CDSL | CDSL |
DP ID | 14301 | 10900 | 30400 |
Demat Account Annual Maintenance Charges(AMC) | ₹700 pa | ₹400 pa | ₹300 pa |
Advance Deposit | Rs. 7500/- , If the client is not having ICICI BANK Account | NIL | NIL |
Statutory charges | Nil | Nil | Nil |
Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹25 |
Demat | ₹50 per set up | ₹50 per certificate + ₹50 courier charges | ₹500 per certificate (Min ₹500 per request) |
Remat | ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹500 per certificate (Min ₹500 per request) |
Pledge Creation | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | ₹200 per script ₹50 for trading margin each side |
Pledge Creation Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | Nil |
Pledge Closure | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | ₹200 per script |
Pledge Closure Confirmation | 0.02% (Min ₹35 and Max ₹25,000) | Nil | Nil |
Pledge Invocation | 0.02% (Min ₹35 and Max ₹25,000) | ₹35 | ₹200 per script |
Failed Instruction Charges | ₹30 per transaction | Nil | Nil |
Other Charges |
Compare ICICIDirect vs Motilal Oswal vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
ICICIDirect | Motilal Oswal | TradeSmart | |
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Likes |
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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 |
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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 | Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | 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 ICICIDirect | Enquire for Motilal Oswal | Enquire for TradeSmart |
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