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Motilal Oswal Vs TradePlus Online
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Motilal Oswal Vs TradePlus Online comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
Motilal Oswal Vs TradePlus Online Comparison
Here is a point by point comparison of Motilal Oswal Vs TradePlus Online.
Motilal Oswal is a full-service broker that was incorporated way back in the year 1987. It boasts of 7.5 Lakh customers today with presence in more than 2200 locations around the country.
TradePlus Online is a discount broker and started as an Equity broker with NSE in 1995 and with BSE recently in 2010. It has a unique pricing model where it charges a fixed monthly fee for unlimited trading on trading segments including Currency, Options and Commodity.
They are one of their own kind when it comes to using Social Media as they use Twitter to handle clients’ issues keeping TAT pretty quick and customer satisfaction high.
Everything about discount brokers such as TradePlus Online is internet-based, be it – customer service, trading, account opening etc. Full-service brokers such as Motilal Oswal, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.
Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Motilal Oswal Vs TradePlus Online to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
Motilal Oswal Vs TradePlus Online Details
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.
We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Motilal Oswal Review | Trade Plus Online Review | |
| OVERVIEW | ||
| Broker Type | Full Service Broker | Discount Broker |
| Incorporated In the Year | 1987 | 1995 |
| Number of branches across India | 2200 | 300 |
| Exchanges | BSE, NSE, NCDEX, MSEI | NSE, BSE, MCX |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹1000 | ₹199 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹499 (for 5 years) |
| Demat Account Opening Charges | ₹0 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹441 | ₹0 |
| Transaction Charges | Motilal Oswal Transaction Charges | TradePlus Online Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.50% | 0.1% |
| Intraday Delivery | 0.05% | 0.01% |
| Equity Futures | 0.05% | ₹799 per month for Unlimited trading or 0.01% whichever is lower |
| Equity Options | ₹75 per contract | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Futures | ₹20 per contract | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Currency Options | ₹20 per contract | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Commodity | 0.03% | ₹99 per month for Unlimited trading or 0.01% whichever is lower |
| Calculate Brokerage | Motilal Oswal Brokerage Calculator | TradePlus Online Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Upto 20 times on Intraday | 4 times for Delivery on Shares when VAR margin is less than 20% |
| Equity Futures | Upto 20 times on Intraday | NA |
| Equity Options | Upto 4 times | Upto 2 times for Intraday |
| Currency Futures | Upto 20 times on Intraday | NA |
| Currency Options | Upto 4 times | Upto 2 times for Intraday |
| Commodities | Upto 4 times | Upto 2 times for Intraday |
| RESEARCH | ||
| Daily Market Reports |  |  |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | | |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | Motilal Mobile App, Tablet, Desktop, Smart Watch app, Web Platforms | Nest On Web, Infini Trader, TradPlus Mobile |
| Total BSE+NSE Complaints | 145 | 140 |
| OVERALL RATING |  | |
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Motilal Oswal Vs TradePlus Online for the benefits of other readers?
Please feel free to share in the comments below.
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Motilal Oswal Vs TradePlus Online
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