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The brokerage of Nuvama Wealth ranges between Rs 10, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of TradeSmart ranges between Rs 15. The broker Nuvama Wealth and TradeSmart are discount brokers where Motilal Oswal is a full service broker. Overall rating for Nuvama Wealth is 3.5, Motilal Oswal is rated 4, TradeSmart is rated 4 out of 5.
Here we present side-by-side comparison of Nuvama Wealth 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 Nuvama Wealth 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 Nuvama Wealth vs Motilal Oswal vs TradeSmart in this setion with 360 degree view of broker information.
 Nuvama Wealth |
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| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| Broker Overview | One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...  |
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. | 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 Nuvama Wealth vs Motilal Oswal vs TradeSmart on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth and Motilal Oswal offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] 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 | Nuvama Wealth | 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 | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | 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 Nuvama Wealth vs Motilal Oswal vs TradeSmart. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth and TradeSmart offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Nuvama Wealth | Motilal Oswal | TradeSmart |
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| Zerodha | Zerodha | Nuvama Wealth | |
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Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.
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 | Nuvama Wealth | Motilal Oswal | TradeSmart |
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| Plan Name | Nuvama Lite | Default Brokerage Plan | Flat Fee Rs 15 Trading Plan (Power Plan) |
| Equity Delivery | Flat Rs. 10 per executed order | 0.20% | Flat Fee Rs 15 |
| Equity Intraday | Flat Rs. 10 per executed order | 0.02% | Flat Fee Rs 15 |
| Equity Futures | Flat Rs. 10 per executed order | 0.02% | Flat Fee Rs 15 |
| Equity Options | Flat Rs. 10 per executed order | Rs 20 per lot | Flat Fee Rs 15 |
| Currency Futures | Flat Rs. 10 per executed order | Rs 20 per lot | Flat Fee Rs 15 |
| Currency Options | Flat Rs. 10 per executed order | Rs 20 per lot | Flat Fee Rs 15 |
| Commodity Trading | 0.01% | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 15 |
| Minimum Brokerage | |||
| Hidden Charges | Info Not Available | No | |
| Call & Trade Charges | Rs 20 per call | NA | Rs 20 per executed Order |
| Auto Square off Charges | Rs 20 | NA | Rs 20 per executed Order |
| Brokerage Calculator | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for TradeSmart |
Compare Nuvama Wealth vs Motilal Oswal vs TradeSmart on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Nuvama Wealth | 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 | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | 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 nuvama-wealth | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for trade-smart-online |
Compare Nuvama Wealth 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 - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Nuvama Wealth and Motilal Oswal offers margin funding where TradeSmart doesn't offers margin funding. NRI Trading - Nuvama Wealth and Motilal Oswal offers NRI Trading where TradeSmart doesn't offers NRI Trading.
| Account Features Compare | Nuvama Wealth | Motilal Oswal | 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 |
| 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 Nuvama Wealth 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.
| Nuvama Wealth | Motilal Oswal | TradeSmart | ||
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20 Customer Reviews
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57 Customer Reviews
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34 Customer Reviews
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| Broker Rating | Nuvama Wealth is Rated 0.4 / 5 based on 20 customer reviews | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | TradeSmart is Rated 4.0 / 5 based on 34 customer reviews |
Compare Nuvama Wealth 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 - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - Nuvama Wealth and Motilal Oswal offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth and Motilal Oswal offers PMS facility where TradeSmart doesn't offers PMS facility.
| Investment Offerings Compare | Nuvama Wealth | Motilal Oswal | TradeSmart |
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| Other Investment Options | NIL | NIL | NIL |
Compare Nuvama Wealth 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 | Nuvama Wealth | Motilal Oswal | TradeSmart |
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| Customer Care Number | 1800 102 3335 | 022 40548000/022 67490600 | 022 61208000 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.nuvamawealth.com/investology | https://edumo.motilaloswal.com/ | https://help.tradesmartonline.in/ |
| Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
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.nuvamawealth.com/ | https://www.motilaloswal.com/ | https://tradesmartonline.in/ |
Compare Nuvama Wealth vs Motilal Oswal vs TradeSmart on research reports and tips provided by broker.
| Nuvama Wealth | Motilal Oswal | TradeSmart | |
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Compare Nuvama Wealth vs Motilal Oswal vs TradeSmart on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Nuvama Wealth | Motilal Oswal | TradeSmart | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 32300 | 10900 | 30400 |
| Demat Account Annual Maintenance Charges(AMC) | Free (₹1500 one time charges) | ₹400 pa | ₹300 pa |
| Advance Deposit | NIL | NIL | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.02% of transaction value or ₹20 per transaction whichever is higher | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹25 |
| Demat | ₹2 per certificate + ₹30 courier charges | ₹50 per certificate + ₹50 courier charges | ₹500 per certificate (Min ₹500 per request) |
| Remat | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹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% of transaction value (Min ₹50) | ₹35 | ₹200 per script ₹50 for trading margin each side |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | 0.02% of transaction value (Min ₹50) | ₹35 | ₹200 per script |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | 0.02% of transaction value (Min ₹50) | ₹35 | ₹200 per script |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges |
Compare Nuvama Wealth vs Motilal Oswal vs TradeSmart on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Nuvama Wealth | 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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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) | Free Account Opening, Rs 400 Waived for a limited time. | |
| Enquire for Nuvama Wealth | Enquire for Motilal Oswal | Enquire for TradeSmart |
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