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ICICIdirect Vs Motilal Oswal NRI Account Comparison

The side-by-side comparison of ICICIdirect and Motilal Oswal NRI Account. Compare ICICIdirect Vs Motilal Oswal NRI Account brokerage charges, exposure margin, demat account and AMC. Read Motilal Oswal and ICICIdirect NRI Account reviews.

Find out ICICIdirect Vs Motilal Oswal which is better NRI Trading Account. See ICICIdirect Vs Motilal Oswal which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with Motilal Oswal Securities Ltd highlights the major differences between two brokers. Find the best between ICICIdirect and Motilal Oswal NRI Account.

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ICICIdirect Vs Motilal Oswal

  ICICIdirect Motilal Oswal
 
ICICI Securities Pvt Ltd. Logo Motilal Oswal Securities Ltd Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. Motilal Oswal Financial Services Ltd (MOFSL) is a diversified financial service firm offering trading and investment services to NRIs. The company offers online trading services through a 2-in-1 account in Equity and Equity Derivatives to Non-Residen... Know more about Motilal Oswal Securities Ltd
Account Type NRI Account NRI Investment 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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ICICIdirect Vs Motilal Oswal Charges

  ICICIdirect Motilal Oswal
NRI Account Opening Fees ₹4000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 300 (from 2nd year) Free (Rs 400 2nd year onward)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Motilal Oswal NRI Account Brokerage Comparison

Brokerage Plan

  ICICIdirect Motilal Oswal
Account Type NRI Account NRI Investment Account
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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ICICIdirect Vs Motilal Oswal NRI Account Taxes/Fees

  ICICIdirect Motilal Oswal
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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ICICIdirect Vs Motilal Oswal NRI Account Exposure Margin

  ICICIdirect Motilal Oswal
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

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ICICIdirect and Motilal Oswal NRI Account Feature Comparison

  ICICIdirect Motilal Oswal
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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ICICIdirect Vs Motilal Oswal NRI Account Review

  ICICIdirect Motilal Oswal
  453 Customer Reviews    Rate ICICIdirect 115 Customer Reviews    Rate Motilal Oswal
Fees 2.2 2.8
Brokerage 1.7 2.3
Trading Platform 3.3 2.9
Customer Service 2.7 2.6
Overall Rating Rated 2.4 stars Rated 2.4 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 453 customer reviews Motilal Oswal is Rated 2.4 / 5 based on 115 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Motilal Oswal
Contact Broker
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ICICIdirect Vs Motilal Oswal NRI Investment Options

  ICICIdirect Motilal Oswal
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance
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ICICIdirect Vs Motilal Oswal NRI Customer Service

  ICICIdirect Motilal Oswal
Customer Care Number +91-22-28307780
Customer Care Email nri@icicidirect.com
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ICICIdirect Vs Motilal Oswal Order Type Offered for NRI Account

  ICICIdirect Motilal Oswal
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) Yes
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ICICIdirect Vs Motilal Oswal - NRI Account Advantages and Disadvantages

  ICICIdirect Motilal Oswal
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  1. Full-service broker with a range of trading & investment services.
  2. A strong research team that provides investment advice and trade recommendations.
  3. Presence across 2,200 locations in over 500 cities in India.
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  1. MOSFL doesn't offer 3-in-1 account services. So, NRIs have to first transfer money from PIS account to trading account before placing an order.
  2. It doesn't have offices in any foreign locations.
  3. Brokerage is higher in comparison with discount stock brokers like Zerodha and Prostocks.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services.

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ICICIdirect Vs Motilal Oswal - More Reviews

  ICICIdirect Motilal Oswal
NRI Trading Review ICICIdirect NRI Account Review Motilal Oswal NRI Account Review
Enquire ICICIdirect Enquire Motilal Oswal
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