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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
 
ICICI Securities Pvt Ltd. Logo Motilal Oswal Securities Ltd Logo
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. (MOSL) is a Mumbai, India based diversified financial services firm offering a range of products and services such as Private Wealth Management, Retail Broking and Distribution, Institutional Brokin... Know more about Motilal Oswal Securities Ltd
Type of Broker What is this parameter? Full Service Broker Full Service Broker
Supported Exchnage What is this parameter? BSE, NSE BSE, NSE, MCX, NCDEX
Account Type What is this parameter? 3-in-1 Account (I-Secure Plan) Standard Account
Broker Enquiry Open an Online Trading Account with ICICIDirect. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Motilal Oswal. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Trading Account Opening Fees What is this parameter? Rs 975 Rs 0
Trading Account AMC What is this parameter? NIL Rs 0
Demat Account Opening Fees What is this parameter? NIL Rs 0
Demat Account AMC What is this parameter? Rs 450 Rs 0
Demat Account is Mandatory? What is this parameter?
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Trading Brokerage Charges

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Equity Delivery Brokerage What is this parameter? 0.55% 0.50%
Equity Intraday Brokerage What is this parameter? 0.275% 0.05%
Equity Futures Brokerage What is this parameter? 0.05% - 0.03% 0.05%
Equity Options Brokerage What is this parameter? Rs 95 - Rs 65 per lot Rs 75 per Lot
Currency Futures Trading Brokerage What is this parameter? 0.050% - 0.030% Rs 20 per Lot
Currency Options Trading Brokerage What is this parameter? Rs 95 - Rs 65 per lot Rs 20 per Lot
Commodity Trading Brokerage What is this parameter? NA 0.03%
Other Brokerage Charges What is this parameter?
Minimum Brokerage Charges What is this parameter? Rs 35 per trade Rs. 30 for Delivery and Rs. 15 for Intraday
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Transaction Charges

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Equity Delivery What is this parameter? NSE: 0.0031% | BSE: 0.0035% NSE: 0.00335% | BSE: 0.01%
Equity Intraday What is this parameter? NSE: 0.0031% | BSE: 0.0035% NSE: 0.00325% | BSE: 0.002%
Equity Futures What is this parameter? 0.00185% 0.002%
Equity Options What is this parameter? 0.05% on Premium NSE 0.0511% | BSE 0.002% (on premium)
Currency Futures What is this parameter? 0.0013% 0.00125%
Currency Options What is this parameter? 0.05% on Premium 0.042% (on premium)
Commodity What is this parameter? NA MCX: 0.0025%
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Share Broker Features

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
3 in 1 Account What is this parameter? Yes No
Mobile Trading What is this parameter? Yes Yes
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? No Yes
After Trading Hour Orders What is this parameter? Yes Yes
Good Till Cancelled (GTC) What is this parameter? Yes No
SMS Alerts What is this parameter? No Yes
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes Yes
Margin Trading Funding Available What is this parameter? No Yes
Combined Ledger for Equity and Commodity What is this parameter? No
Trading Platform What is this parameter? Trade Racer Orion Lite
Intraday Square-off Time What is this parameter?
Other Features What is this parameter?
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Broker Ratings (Average User Rating)

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
  290 Customer Reviews    Rate ICICIDirect 44 Customer Reviews    Rate Motilal Oswal
Fees Ratings 2.3 3.4
Trading Brokerage Rating 1.8 3.0
Trading Platform Usability 3.3 3.6
Customer Service Ratings 2.9 3.4
Overall Ratings Rated 2.5 stars Rated 3.4 stars
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 290 customer reviews Motilal Oswal is Rated 3.4 / 5 based on 44 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Contact / Request Call Back
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Investment Options Available

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Stock / Equity What is this parameter? Yes Yes
Commodity What is this parameter? No Yes
Currency What is this parameter? Yes Yes
Initial Public Offers (IPO) What is this parameter? Yes Yes
Mutual Funds What is this parameter? Yes Yes
Bond / NCD What is this parameter? Yes Yes
Debt What is this parameter? Yes Yes
Other Investment Options What is this parameter? PMS, Fixed Deposits, Insurance, Derivatives
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Customer Service Offered

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
24/7 Customer Service What is this parameter? No Yes
Email Support What is this parameter? Yes Yes
Onine Live Chat What is this parameter? No No
Phone Support What is this parameter? Yes Yes
Toll Free Number What is this parameter? No Yes
Through Branches What is this parameter? Yes Yes
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Research / Tips / Reports Published

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Daily Market Report What is this parameter? Yes Yes
Free Tips What is this parameter? Yes Yes
Quarterly Result Analysis What is this parameter? Yes Yes
News Alerts What is this parameter? Yes Yes
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Suitable for Investor Category

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Casual Investor What is this parameter? Yes
Active Investor What is this parameter?
Trader What is this parameter? Yes

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Pros, Cons and Other Review Comments

  ICICI Securities Pvt Ltd. Motilal Oswal Securities Ltd
Pros What is this parameter?
  • 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...

1. Over 8.5 Lakh customers. One of the largest stock broker in India with PAN India coverage across 1,900+ locations in over 500 cities. 2. Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds. 3. Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.

More Advantages...

Cons What is this parameter?
  • 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...

1. Margin Deposit Rs 10,000+ is required 2. In order to use our Online Trading Platform, you will be required to have a demat account with Motilal Oswal. You cannot use your existing demat account.

More Disadvantages...

Reviews What is this parameter?
Promo / Offers What is this parameter?

Free (Trading & Demat Account) + Free Brokerage for 1st Month

Motilal Oswal offers FREE Trading + Demat Account (Rs 500 waived). You can also avail free brokerage for first month, free access to research & advices and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

 
Enquire about ICICIDirect Enquire about Motilal Oswal
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