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SMC Global Vs Motilal Oswal Comparison – Which One is Better?

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Introduction:

Both of these companies are famous for their trading facilities and services.  They provide a great customer support to thrie customers. A trader should go through a detailed relative study of SMC Global vs Motilal Oswal to choose one of them.

One of the oldest & trusted brokers of India, SMC Global, has a PAN India presence with millions of customers. It offers various products, trading platforms, charges, etc. to its customer. 

On the other hand, full-service broker Motilal Oswal Securities Ltd is a subsidiary of Motilal Oswal Financial Service Ltd. It is also a full-service brokerage house with more than 2200 branches in 500 cities of India.

Highlights:

SMC Global:

  1. It has the Marginal & NRI trading facility.
  2. Research & advisory support is available here.
  3. Insurance options available as other investment. 
  4. Doesn’t have of 3-in-1 account.
  5. Mobile trading is not available for NSE. 

Motilal Oswal:

  1. Offers a paperless account opening facility with Aadhaar details.
  2. Open access to numerous market research bulletins.
  3. All range of wealth management products is available.
  4. Don’t have a minimum brokerage charge. 
  5. Margin funding facility available.

Comparative Assessment of Service:

Here we have compared SMC Global & Motilal Oswal in light of the reviews made by their customers in public media. Details as per the table below: 

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Rating out of 5 SMC GlobalMotilal Oswal
Overall Rating★★★★★★
Brokerage Charges★★★★★★
Trading Platform★★★★★★
Investments Offering★★★★★★
Customer Service★★★★★★
Broker Type Full-service BrokerFull-service Broker
Exchanges Supported NSE, BSE, MCX, NCDEXBSE, NSE, MCX, NCDEX
SMC Global Vs Motilal Oswal review

Comparative Assessment of AOC & AMC:

SMC Global & Motilal Oswal are hereby compared based on AOC & AMC. Both offer DEMAT Account opening for free and free trading account AMC.  

ChargesSMC GlobalMotilal Oswal
TRADING AOC1000 Rupees600 Rupees
Trading AMCFreeFree
DEMAT AOCFreeFree
DEMAT AMC300 Rupees/annum400 Rupees/annum
Provide DP ServiceAVAILABLEAVAILABLE

Comparative Assessment of Brokerage Plan:

SMC Global doesn’t have any brokerage plan for the customer whereas Motilal Oswal only offers Multiple type brokerage plans to investors.

Plan TypesSMC GlobalMotilal Oswal
Multiple Plans🗶
Monthly Plans🗶🗶
Yearly Plans🗶🗶

Comparative Assessment of Brokerage Fee:

Both SMC Global & Motilal Oswal offers percentage-based brokerage plan to their customer. There is no minimum brokerage for Motilal Oswal but SMC Global charges minimum brokerage. Details of comparison based on brokerage fee are mentioned below:

ParticularsSMC GlobalMotilal Oswal
Plan NameStandard Trading Plan (Percentage Based)Value Trading Plan (Percentage Based)
Equity Delivery0.3% or 30 paisa0.5% or 50 paisa
Equity Intraday0.03% or 3 paisa0.05% or 5 paisa
Equity Futures0.03% or 3 paisa0.05% or 5 paisa
Equity OptionsINR.70 Per LotINR.70 Per Lot
Currency Futures0.03% or 3 paisa0.05% or 5 paisa
Currency OptionsINR.20 Per LotINR.70 Per Lot
Commodity Trading0.03% or 3 paisa0.05% or 5 paisa
Minimum BrokerageINR.25 per trade or 2.5% of the trade value whichever is lowerNIL
Hidden ChargesInfo Not AvailableNo
FundingYes – 18% interest PAYes – 18% interest PA
Call & Trade ChargesFreeInfo Not Available

Also Read: Motilal Oswal Brokerage Calculator Online

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Comparative Assessment of Transaction Fee:

SMC Global & Motilal Oswal both share a similar transaction fee (product wise) structure. The assessment is as per the below table: 

ParticularsSMC GlobalMotilal Oswal
Equity DeliveryINR.325 Per CrINR.325 Per Cr
Equity IntradayINR.325 Per CrINR.325 Per Cr
Equity FuturesINR.190 Per CrINR.190 Per Cr
Equity OptionsINR.5000 Per CrINR.5000 Per Cr
Currency FuturesINR.110 Per CrINR.110 Per Cr
Currency OptionsINR.4000 Per CrINR.4000 Per Cr
CommodityNon-Agri: INR.260 Per Cr
Agri: INR.175 Per Cr
Non-Agri: INR.260 Per Cr
Agri: INR.175 Per Cr

Comparative Assessment of Account Feature:

Assessing SMC Global & Motilal Oswal based on account feature we get the below-mentioned details: 

ParticularsSMC GlobalMotilal Oswal
3 in 1 Account🗶🗶
Charting
Algo Trading    🗶
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time3:15 PM3:15 PM
NRI Trading
Other FeaturesNILNIL

Comparative Assessment of Trading Terminal:

In this age of digitization, brokers offer online & offline trading terminal to ease the trading experience. Here we assessed SMC Global & Motilal Oswal based on their respective trading terminal offering:

ParticularsSMC GlobalMotilal Oswal
Desktop Trading PlatformODIN DietOrion Lite
Desktop Platform (Windows)
Desktop Platform (Mac)🗶🗶
Web Trading Platform
Web Trading Detailtrade.smcindiaonline.com/easytradepower.motilaloswal.com/MOSL/userMaster/login
Mobile Site
Mobile Trading
Mobile Trading AppSMCEasyTradeMO Trader
Android Mobile App
iPhone Mobile App (IOS)
Android Tablet App
iPad App (IOS)
Trading Software ChargesFreeFree

Comparative Assessment of Investment Offering:

Assessing SMC Global & Motilal Oswal based on the products offering we can get the below-mentioned details: 

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ParticularsSMC GlobalMotilal Oswal
Equity Cash and F&O
Currency Derivatives
Commodity
Online IPO Application🗶🗶
Mutual Funds
Bond / NCD
ETF
Banking🗶🗶
Insurance
Forex🗶🗶
MF SIP Investment
Equity SIP Investment🗶🗶
PMS Service
Other Investment OptionsInsuranceNIL

Comparative Assessment of Leverage:

Considering the Leverage we can compare SMC Global & Motilal Oswal as below: 

ParticularsSMC GlobalMotilal Oswal
Equity Delivery Margin Maximum 3x leverage for equity delivery – through Margin Funding system.Maximum 4x leverage for equity delivery – through Margin Funding method.
Equity Intraday Margin Maximum 10x or 10% subject to Variable and ELM.Maximum 10x or 10% subject to Variable and ELM.
Futures Margin 1x or the particular SPAN + Leverage.1x or the particular SPAN + Leverage.
Options Margin 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.
Equity CO Margin Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order.Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order.
Futures CO Margin 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order.1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order.
Options CO Margin 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order.1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order.
Commodity Margin 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.

Also Read: Motilal Oswal Margin Calculator Online

Comparative Assessment of Customer Support: 

Here we have compared SMC Global & Motilal Oswal in terms of their customer supportiveness. 

ParticularsSMC GlobalMotilal Oswal
24/7 Customer Service 🗶🗶
Email Support 
Online Live Chat 🗶🗶
Phone Support 
Toll-Free Number 🗶
Through Branches 
Customer Care Number 91-11-6607520091-22-39982515 / 67490600
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Centre/Education smctradeonline.com/research/new-lettersmotilaloswal.com/faq.aspx
Head Office Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Website www.smctradeonline.comwww.motilaloswal.com
SMC Global Account Opening

Comparative Assessment of DEMAT Account Feature: 

Contrasting SMC Global & Motilal Oswal bases in DEMAT account feature offering we get this below-mentioned details: 

 ParticularsSMC GlobalMotilal Oswal
DP SourceCDSLCDSL
DP ID 1910010900
DEMAT AMCINR.250 paYR081/YR082 /11UP front- Nil,
YR083 — 700/-, YR084 –850/-,
YR085 — 300/- YR086 — 450/-,
Ebroking – 400, BSDA- Nil up to holding 50000/- or INR. 100/- up to holding 200000/-.
Advance DepositAMC will be charged in advance.NIL
Statutory chargesStamp Paper ChargesNIL
Transaction Charges on Debit (Per ISIN)INR.12Within MOSL- YR081/82- 0.025 % or INR.30,
YR083/84- 0.025 % or INR.20( MOSL PI is Free),
YR085/86- 0.020 % OR INR.20,
Eb- 0.020% or INR.20,
11Upfront- 0.015 % or INR.15,
YR081/82- 0.04 % or INR.30,
YR083/84/85/86-0.03 % or INR.30,Eb-0.03% or INR.30,
11Upfront-0.04% or INR.30,
BSDA INR. 70/- or .07% which-ever is higher.
DEMATINR.3 per certificate + courier chargesINR.50/- per certificate + INR. 50/- per request in all the schemes.
REMATINR.20 for every hundred securities + courier chargesINR.35/- per certificate or 100 shares and part thereof whichever is higher + INR.25 courier charges and INR.25/- per REMAT of SOA/Redemption
Pledge CreationINR.50 per instructionINR. 35/- per request in all scheme
Pledge Creation ConfirmationINR.50 per instructionNil
Pledge ClosureINR.25 per instructionINR. 35/- per request in all scheme
Pledge Closure ConfirmationINR.25 per instructionNil
Pledge InvocationINR.25 per instructionINR. 35/- per request in all scheme
Failed Instruction ChargesINR.20Nil
Other ChargesNilDEMAT Rejection INR. 50/- per req./-

Also Read: SMC Global Margin Calculator Online

Conclusion: 

Both SMC Global & Motilal Oswal are globally known names in the full-service broking industry. Based on the study, in terms of the trading platform, products, and customer supportiveness, SMC Global & Motilal Oswal are nearly similar in structure.

But there are some differences also, in terms of brokerage plan, minimum brokerage, etc. So, a particular investor must study all the offerings carefully before investing. 

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