ICICI Direct Vs Motilal Oswal (Compare ICICI Direct and Motilal Oswal)

The side-by-side comparison of ICICI Direct and Motilal Oswal. Compare ICICI Direct Vs Motilal Oswal brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs Motilal Oswal?


ICICI Direct
ICICI Direct 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, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... Know more about ICICI Securities Pvt Ltd.


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. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it... Know more about Motilal Oswal Securities Ltd

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ICICI Direct Vs Motilal Oswal

Incorporated in 2000, ICICI Direct 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.

  ICICI Direct Motilal Oswal
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Default Plan
Year of Incorporation 2000 1987
Number of Branches 154 305
Broker Enquiry Open an Online Trading Account with ICICI Direct. 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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ICICI Direct Vs Motilal Oswal Charges & AMC

ICICI Direct trading account opening charges is ₹975 while Motilal Oswal account opening changes is ₹0. ICICI Direct Demat Account AMC Charges is ₹700 and Motilal Oswal Demat Account AMC Charges is Free (₹400 2nd year onward).

  ICICI Direct Motilal Oswal
Trading Account Opening Charges ₹975 ₹0
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹700 Free (₹400 2nd year onward)
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ICICI Direct Vs Motilal Oswal Brokerage Charges & Plans

ICICI Direct Vs Motilal Oswal Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side).

  ICICI Direct Motilal Oswal
Account Type 3-in-1 Account (I-Secure Plan) Default Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.50%
Equity Intraday Brokerage 0.275% 0.05% (both side)
Equity Futures Brokerage 0.05% to 0.03% 0.05% (both side)
Equity Options Brokerage ₹95 to ₹35 per lot ₹100 per lot (both side)
Currency Futures Trading Brokerage 0.050% to 0.030% ₹20 per lot (both side)
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹20 per lot (both side)
Commodity Futures Trading Brokerage NA 0.05% (both side)
Commodity Options Trading Brokerage NA
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.
Special Offer: Get Zero AMC for Lifetime (with ₹25k margin or ₹3k Value Pack) for limited time. Get the offer

ICICI Direct Vs Motilal Oswal Brokerage Plan 2

  ICICI Direct Motilal Oswal
Account Type I-Saver Plan Value Pack (VP2KLT)
Fixed Charges ₹2000 (one time fee)
Equity Delivery Brokerage 0.75% to 0.25% 0.40%
Equity Intraday Brokerage 0.75% to 0.25% 0.04% (both side)
Equity Futures Brokerage 0.05% to 0.03% 0.04% (both side)
Equity Options Brokerage ₹95 to ₹65 per lot ₹50 per lot (both side)
Currency Futures Trading Brokerage 0.05% to 0.03% ₹22 per lot (both side)
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹22 per lot (both side)
Commodity Futures Trading Brokerage NA 0.04% (both side)
Commodity Options Trading Brokerage NA
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ICICI Direct Vs Motilal Oswal Brokerage Plan 3

  ICICI Direct Motilal Oswal
Account Type ICICIdirect Prime Plan Value Pack (VP1LACLT)
Fixed Charges ₹900 ₹1,00,000 (one time fee)
Equity Delivery Brokerage 0.25% 0.10%
Equity Intraday Brokerage 0.25% 0.01% (both side)
Equity Futures Brokerage 0.025% 0.01% (both side)
Equity Options Brokerage ₹35 ₹20 per lot (both side)
Currency Futures Trading Brokerage ₹0 ₹10 per lot (both side)
Currency Options Trading Brokerage ₹0 ₹10 per lot (both side)
Commodity Futures Trading Brokerage NA 0.01% (both side)
Commodity Options Trading Brokerage NA
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ICICI Direct Charges Vs Motilal Oswal

Minimum Brokerage Charges ₹35 per trade ₹25 for Delivery and ₹12 for Intraday
Other Brokerage Charges Minimum balance: ₹1,000
Call & Trade Charges ₹25 per call after first 20 free calls per month Nil
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ICICI Direct Vs Motilal Oswal Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while Motilal Oswal exchange transaction charges for options is NSE ₹5110 per Cr (0.0511%) | BSE ₹200 per Cr (0.002%) (on premium).

  ICICI Direct Motilal Oswal
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹335 per Cr (0.00335%) | BSE ₹1000 per Cr (0.01%) (each side)
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) NSE ₹325 per Cr (0.00325%) | BSE ₹200 per Cr (0.002%) (each side)
Equity Futures ₹180 per Cr (0.0018%) ₹200 per Cr (0.002%)
Equity Options ₹5000 per Cr (0.05%) (on premium) NSE ₹5110 per Cr (0.0511%) | BSE ₹200 per Cr (0.002%) (on premium)
Currency Futures ₹120 per Cr (0.0012%) ₹125 per Cr (0.00125%)
Currency Options ₹5000 per Cr (0.05%) (on premium) ₹4200 per Cr (0.042%)(on premium)
Commodity NA MCX: ₹250 per Cr (0.0025%)
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ICICI Direct Vs Motilal Oswal Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Motilal Oswal margin for intraday cash is 20x for Margin+ (Over 140 Stocks), 4x for other stocks.

  ICICI Direct Motilal Oswal
Equity Delivery 5x with Interest 4x
Equity Intraday Upto 25x 20x for Margin+ (Over 140 Stocks), 4x for other stocks
Equity Futures 4x Upto 3x for Intraday
Equity Options 2x for shorting No exposure
Currency Futures NA NA
Currency Options NA No exposure
Commodity Futures NA Upto 3x for Intraday
Commodity Options No exposure
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Compare ICICI Direct and Motilal Oswal Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Motilal Oswal offers Orion Lite, MO Trader App trading software.

  ICICI Direct 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 Available 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 Orion Lite, MO Trader App
Intraday Square-off Time 3:30 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program Yes
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ICICI Direct Vs Motilal Oswal Review

ICICI Direct is rated 2.4 of 5 based on 422 customer reviews whereas Motilal Oswal is rated 2.5 of 5 based on 94 customer reviews.

  ICICI Direct Motilal Oswal
  422 Customer Reviews    Rate ICICI Direct 94 Customer Reviews    Rate Motilal Oswal
Fees 2.3 2.8
Trading Brokerage 1.7 2.4
Trading Platform Usability 3.4 2.9
Customer Service 2.7 2.7
Research Capabilities 3.0 2.1
Overall Ratings Rated 2.4 stars Rated 2.5 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 422 customer reviews Motilal Oswal is rated 2.5 of 5 based on 94 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Motilal Oswal Enquire
Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

Get Zero AMC for Lifetime (with ₹25k margin or ₹3k Value Pack) for limited time. Get the offer

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ICICI Direct Vs Motilal Oswal Investment Options

  ICICI Direct Motilal Oswal
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (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, Derivatives
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ICICI Direct Vs Motilal Oswal Order Type Offered

  ICICI Direct 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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ICICI Direct Vs Motilal Oswal Research Report

  ICICI Direct Motilal Oswal
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICI Direct Vs Motilal Oswal Suitable For Investor Type

  ICICI Direct Motilal Oswal
Casual Investor Yes
Active Investor
Trader Yes
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ICICI Direct Vs Motilal Oswal - Pros and Cons

  ICICI Direct 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.
  • 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.
  • Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
  • 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.
  • Value pack brokerage plans are available for frequent traders.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.
  • Margin Deposit Rs 10,000+ is required
  • 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.
Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (₹400 waived) with ₹25k margin or ₹3k prepaid value pack. Also avail ₹3k woth of discount vouchers, ₹1000 worth of Me-Gold, free access to research & advice 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.

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