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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 Tr... Know more about ICICI Securities Pvt Ltd.

ICICIdirect Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
Motilal Oswal Securities Ltd Logo

About Motilal Oswal
Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. Motilal Oswal has diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corpora... Know more about Motilal Oswal Securities Ltd

Motilal Oswal Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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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
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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 400 (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 400 (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 0.02%.

Account Type ICICIdirect ICICI Neo Plan Motilal Oswal Default Plan
Fixed Charges NA
Equity Delivery 0.55% 0.20%
Equity Intraday Rs 20 per order 0.02%
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

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

ICICIdirect Vs Motilal Oswal Brokerage Plan 2

  ICICIdirect Motilal Oswal
Account Type I-Secure Plan Default Plan
Fixed Charges NA
Equity Delivery 0.55% 0.20%
Equity Intraday 0.275% 0.02%
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
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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 5300 per Cr (0.053%) (on premium) while Motilal Oswal exchange transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium).

  ICICIdirect Motilal Oswal
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side)
Equity Futures NSE Rs 200 per Cr (0.002%) Rs 200 per Cr (0.002%)
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) Rs 125 per Cr (0.00125%)
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) Rs 4200 per Cr (0.042%)(on premium)
Commodity Group A - Rs 260 per Cr (0.0026%) MCX: Rs 250 per Cr (0.0025%)
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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)
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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
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ICICIdirect Vs Motilal Oswal Review

ICICIdirect is rated 2.4 of 5 based on 465 customer reviews whereas Motilal Oswal is rated 2.3 of 5 based on 132 customer reviews.

  ICICIdirect Motilal Oswal
  465 Customer Reviews    Rate ICICIdirect 132 Customer Reviews    Rate Motilal Oswal
Fees 2.2 2.7
Brokerage 1.7 2.2
Trading Platform 3.3 2.9
Customer Service 2.7 2.5
Research Capabilities 2.8 2.4
Overall Ratings Rated 2.4 stars Rated 2.3 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 465 customer reviews Motilal Oswal is rated 2.3 of 5 based on 132 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 Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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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
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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.
  • Free Personal Advisor and Research.
  • Free account opening.
  • SIP Through Whatsapp.
  • Free Call and Trade.
  • Dedicated Customer Service.
  • Ready to invest portfolios.
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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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