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 ICICIDirect Vs Motilal Oswal Share Broker Comparison

The side-by-side comparison of ICICI Securities Pvt Ltd. and Motilal Oswal Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between ICICIDirect and Motilal Oswal's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among ICICIDirect and Motilal Oswal.


ICICI Securities Pvt Ltd.

Motilal Oswal Securities Ltd

About the Broker ICICIdirect is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group... Know more about ICICI Securities Pvt Ltd. Incorporated in 1987, Motilal Oswal Securities Ltd is a well diversified financial services firm offering a range of financial products and services such as Wealth Management, Broking & Distribution, Commodity Broking, Portfolio Management Services, ... Know more about Motilal Oswal Securities Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE BSE, NSE, MCX, NCDEX
Account Type 3-in-1 Account (I-Secure Plan) Standard Account
Broker Enquiry

Stock Broker Fees / Charges

 ICICIDirectMotilal Oswal
Trading Account Opening Fees Rs 975 Rs 600
Trading Account AMC NIL NIL
Demat Account Opening Fees NIL NIL
Demat Account AMC Rs 450 Rs 400
Demat Account is Mandatory?

Trading Brokerage Charges

 ICICIDirectMotilal Oswal
Equity Delivery Brokerage 0.55% 0.50%
Equity Intraday Brokerage 0.275% 0.05%
Equity Futures Brokerage 0.05% - 0.03% 0.05%
Equity Options Brokerage Rs 95 - Rs 65 per lot Rs.70 per Lot
Currency Futures Trading Brokerage 0.050% - 0.030% 0.05%
Currency Options Trading Brokerage Rs 95 - Rs 65 per lot Rs.70 per Lot
Commodity Trading Brokerage NA 0.05%
Other Brokerage Charges
Minimum Brokerage Charges Rs 35 per trade

Transaction Charges

 ICICIDirectMotilal Oswal
Equity Delivery NSE: 0.0031% | BSE: 0.0035% NSE: 0.00325% | BSE: 0.00265%
Equity Intraday NSE: 0.0031% | BSE: 0.0035% NSE: 0.00325% | BSE: 0.00265%
Equity Futures 0.00185% 0.00200%
Equity Options 0.05% on Premium 0.051% on premium
Currency Futures 0.0013% 0.00200%
Currency Options 0.05% on Premium 0.051% on premium
Commodity NA 0.0025%

Share Broker Features

 ICICIDirectMotilal Oswal
3 in 1 Account
Mobile Trading
Automated Trading
After Trading Hour Orders
Good Till Cancelled (GTC)
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Trading Platform Trade Racer Orion Lite
Intraday Square-off Time
Other Features

Broker Ratings (Average User Rating)

 ICICIDirectMotilal Oswal
  258 Customer Reviews    Rate ICICIDirect 40 Customer Reviews    Rate Motilal Oswal
Fees Ratings 2.4 3.3
Trading Brokerage Rating 1.8 2.9
Trading Platform Usability 3.3 3.5
Customer Service Ratings 2.9 3.3
Overall Ratings Rated 2.5 stars Rated 3.3 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 258 customer reviews Motilal Oswal is Rated 3.3 / 5 based on 40 customer reviews

Contact Broker / Request A Call Back

 ICICIDirect - Contact FormMotilal Oswal - Contact Form
Contact / Request Call Back
Your Name:
Phone #:
City Name:
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Your Name:
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Investment Options Available

 ICICIDirectMotilal Oswal
Stock / Equity
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Other Investment Options

Customer Service Offered

 ICICIDirectMotilal Oswal
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches

Research / Tips / Reports Published

 ICICIDirectMotilal Oswal
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

 ICICIDirectMotilal Oswal
Casual Investor
Active Investor


Pros, Cons and Other Review Comments

 ICICIDirectMotilal Oswal
  • 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.

More Advantages...

More Advantages...

  • 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.
  • Commodity trading is not available for retail investors.

More Disadvantages...

- Margin Deposit Rs 10,000+ is required

More Disadvantages...

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