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ICICIdirect Vs Motilal Oswal (Compare ICICIdirect and Motilal Oswal)

ICICI Securities Pvt Ltd. Logo

About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tradin... Know more about ICICI Securities Pvt Ltd.

Motilal Oswal Securities Ltd Logo

About Motilal Oswal
With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Adviso... Know more about Motilal Oswal Securities Ltd

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ICICIdirect Vs Motilal Oswal

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India.

  ICICIdirect Motilal Oswal
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX
Year of Incorporation 2000 1987
Number of Branches 154 305
Open ICICIdirect AccountOpen Motilal Oswal Account

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ICICIdirect Vs Motilal Oswal Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Motilal Oswal account opening changes is Rs 0 (Free). ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year).

  ICICIdirect Motilal Oswal
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 199 (Free for 1st Year)

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ICICIdirect Vs Motilal Oswal Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime).

Account Type ICICIdirect ICICI Neo Plan Motilal Oswal Default Plan
Fixed Charges NA NA
Equity Delivery 0.55% 0.20%
Equity Intraday Rs 20 per order Rs 0 (Free for lifetime)
Equity Futures Rs 0 (Free) 0.02%
Equity Options Rs 20 per order Rs 20 per lot
Currency Futures Rs 20 per order Rs 20 per lot
Currency Options Rs 20 per order Rs 20 per lot
Commodity Futures Rs 20 per order 0.02%
Commodity Options Rs 20 per order Rs 200 Per Lot
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

ICICIdirect Vs Motilal Oswal Brokerage Plan 2

  ICICIdirect Motilal Oswal
Account Type I-Secure Plan Default Plan
Fixed Charges NA NA
Equity Delivery 0.55% 0.20%
Equity Intraday 0.275% Rs 0 (Free for lifetime)
Equity Futures 0.05% 0.02%
Equity Options Rs 95 per lot Rs 20 per lot
Currency Futures Rs 20 per order Rs 20 per lot
Currency Options Rs 20 per order Rs 20 per lot
Commodity Futures Rs 20 per order 0.02%
Commodity Options Rs 20 per order Rs 200 Per Lot
Open ICICIdirect AccountOpen Motilal Oswal Account

ICICIdirect Charges Vs Motilal Oswal

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 25 for Delivery
Other Charges Margin Trading Interest: 0.025% Per day
Call & Trade Charges Rs 50 per trade Free

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ICICIdirect Vs Motilal Oswal Transaction Charges

ICICIdirect transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Motilal Oswal exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  ICICIdirect Motilal Oswal
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) MCX: Rs 250 per Cr (0.0025%)
Open ICICIdirect AccountOpen Motilal Oswal Account

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ICICIdirect Vs Motilal Oswal Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Motilal Oswal margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Motilal Oswal
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open ICICIdirect AccountOpen Motilal Oswal Account

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Compare ICICIdirect and Motilal Oswal Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Motilal Oswal offers MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE trading software.

  ICICIdirect Motilal Oswal
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE
Intraday Square-off Time 3:30 PM
Trading In SME Shares Allowed?
Referral Program Yes
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Open ICICIdirect AccountOpen Motilal Oswal Account

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ICICIdirect Vs Motilal Oswal Review

ICICIdirect is rated 2.3 of 5 based on 479 customer reviews whereas Motilal Oswal is rated 2.2 of 5 based on 138 customer reviews.

  ICICIdirect Motilal Oswal
  479 Customer Reviews    Rate ICICIdirect 138 Customer Reviews    Rate Motilal Oswal
Fees 2.2 2.7
Brokerage 1.7 2.1
Trading Platform 3.3 2.9
Customer Service 2.6 2.5
Research Capabilities 2.9 2.2
Overall Ratings Rated 2.3 stars Rated 2.2 stars
Broker Rating ICICIdirect is rated 2.3 of 5 based on 479 customer reviews Motilal Oswal is rated 2.2 of 5 based on 138 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Motilal Oswal Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.

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ICICIdirect Vs Motilal Oswal Investment Options

  ICICIdirect Motilal Oswal
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS PMS, Fixed Deposits, Insurance

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ICICIdirect Vs Motilal Oswal Order Type Offered

  ICICIdirect Motilal Oswal
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes Yes
Open ICICIdirect AccountOpen Motilal Oswal Account

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ICICIdirect Vs Motilal Oswal Research Report

  ICICIdirect Motilal Oswal
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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ICICIdirect Vs Motilal Oswal Suitable For Investor Type

  ICICIdirect Motilal Oswal
Casual Investor Yes
Active Investor
Trader Yes

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ICICIdirect Vs Motilal Oswal - Pros and Cons

  ICICIdirect Motilal Oswal
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.
  1. 35+ years of Trading and Investing experience - Known for their Research in the industry and Wealth Creation Studies by Mr Raamdeo Agarwal who is also known as the "Warren Buffett of India"
  2. Free Equity Intraday Trading for Lifetime.
  3. Free 1st Month FnO Brokerage up to Rs 1,000
  4. Wide range of investment options - Stocks, Derivatives (Futures & Options), commodities, currencies, IPO, mutual funds, insurance, fixed deposits, Gold, US stocks, Sovereign Gold Bonds, Smallcase expert-curated ready investment baskets, and Intelligent Advisory Portfolios
  5. Investors can also buy shares of unlisted companies through PMS services offered by Motilal Oswal
  6. Up to 4X margin on a select range of stocks to make the most of your capital
  7. Free daily expert research and advisory calls along with a Personal Advisor to help you invest
  8. Free Trading Software - Different Apps for Investors and Traders
  9. Access to Options Store - Multi-leg options strategy, powered by expert mind and AI algorithm
  10. Access to MO Exclusive Smallcase - MO expert-curated small cases for all beginners
  11. Stock SIP feature - invest regularly in a stock you love
  12. Free and early access to Investor Community - StoCoMo
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  • Very high brokerage across all trading segments compared to other full-service brokers like Angel Broking, Edelweiss, Sharekhan, and IIFL.
Reviews
Promo / Offers

ICICIdirect Special Offer

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 5 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

Motilal Oswal Special Offer

FREE Account Opening (for a limited time only)

  • Get FREE Account Opening,
  • Free Intraday Trades,
  • Free F&O brokerage for 1st Month,
  • FREE Personal Advisor and Research,
  • FREE for 1st Year Demat AMC.

This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes.

Open ICICIdirect AccountOpen Motilal Oswal Account

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