TMGM
Motilal Oswal
VS
Higher Rated
TMGM
Capital at risk · T&Cs apply
Choosing between TMGM and Motilal Oswal depends on your trading style, preferred markets, and budget. TMGM is headquartered in Melbourne, Australia, while Motilal Oswal operates from Mumbai, India. Motilal Oswal has the longer track record, established in 1987, compared to TMGM which was founded in 2013. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
TMGM
Motilal Oswal
TMGM is the better choice overall, scoring 3.5/5 vs 3.3/5 on BrokerRank's independent rating. On fees, TMGM offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
TMGM
3.5 vs 3.3
Lowest Fees
Tied
0 vs 0 pips
Regulation
TMGM
2 vs 1 licences
Min. Deposit
Motilal Oswal
$100 vs $0
TMGM
Motilal Oswal
TMGM
Motilal Oswal
Lower feesTMGM holds licences from ASIC, FCA. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Indices, Commodities, Stocks markets. TMGM additionally covers Forex, Cfd. Motilal Oswal adds Etf, Crypto.
TMGM supports MT4, MT5. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor.
TMGM requires a minimum deposit of $100, while Motilal Oswal sets no minimum deposit. This makes Motilal Oswal accessible to traders with any budget.
BrokerRank scores TMGM at 3.45/5 and Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. TMGM leads overall with a clear advantage.
TMGM scores higher overall on our independent rating system. TMGM holds a 3.5/5 rating vs Motilal Oswal's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
TMGM offers spreads from 0 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
TMGM requires a minimum deposit of $100. Motilal Oswal requires $0.
TMGM is regulated by ASIC, FCA, while Motilal Oswal holds licences from SEBI.
TMGM supports MT4, MT5. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.