The side-by-side comparison of Motilal Oswal Securities Ltd and Alice Blue Financial Services stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and Alice Blue'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 Motilal Oswal and Alice Blue.
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 Fun...
Incorporated in 2006, Alice Blue is a Bangalore based financial service provider. AliceBlue is a discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) throu...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
BSE, NSE, MCX
BSE, NSE, MCX
Account Type
Standard Account
F20
Broker Enquiry
Stock Broker Fees / Charges
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Trading Account Opening Fees
₹0
Equity ₹310 | Commodity ₹120
Trading Account AMC
₹0
₹0
Demat Account Opening Fees
₹0
₹0
Demat Account AMC
₹299 (1st year free)
₹0
Demat Account is Mandatory?
No
No
Trading Brokerage Charges
Brokerage Plan 1
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Account Type
Standard Account
F20
Fixed Charges
Equity Delivery Brokerage
0.15% to 0.50%
₹0 (Free)
Equity Intraday Brokerage
0.015% to 0.05%
₹20 per executed order or 0.01 whichever lower
Equity Futures Brokerage
0.015% to 0.05%
₹20 per executed order or 0.01 whichever lower
Equity Options Brokerage
₹25 to ₹100 per Lot
₹20 per executed order or 0.01 whichever lower
Currency Futures Trading Brokerage
0.05%
₹20 per executed order or 0.01 whichever lower
Currency Options Trading Brokerage
₹20 per Lot
₹20 per executed order or 0.01 whichever lower
Commodity Futures Trading Brokerage
0.05%
₹20 per executed order or 0.01 whichever lower
Commodity Options Trading Brokerage
No
Other Charges
Minimum Brokerage Charges
₹25 for Delivery and ₹12 for Intraday
₹0
Other Brokerage Charges
Minimum balance: ₹1,000
Call & Trade Charges
Nil
₹20 per executed order
Taxes
Motilal Oswal Securities Ltd
Alice Blue Financial Services
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)
Currency Futures: Nil
Currency Options: Nil
Commodities: 0.01% on sell side (Non-Agri)
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)
Currency Futures: Nil
Currency Options: Nil
Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
Check table below
SEBI Charges
Rs 15 per Crore
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Charged as per the state of the client's correspondence address.
Transaction Charges
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Equity Delivery
NSE: 0.00335% | BSE: 0.01%
NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday
NSE: 0.00325% | BSE: 0.002%
NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures
0.002%
NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options
NSE 0.0511% | BSE 0.002% (on premium)
NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures
0.00125%
NSE ₹135 per crore (0.00135%)
Currency Options
0.042% (on premium)
NSE ₹4400 (on premium) per crore (0.044%)
Commodity
MCX: 0.0025%
Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
Exposure
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Equity Delivery
4 times
3x (A category)
Equity Intraday
20 time for Margin+ (Over 140 Stocks), 4 times for other stocks
Up to 20x (based on the stock)
Equity Futures
Intraday: 3 times | Carry forward position: no exposure
Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options
No exposure
Intraday - 3x Buy & 10x Sell, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures
NA
Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options
NA
Intraday - 10%(10x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity
Intraday: 3 times | Carry forward position: no exposure
Intraday - 10%(10x), Carry forward - 100%(1x) of Total span margin
Share Broker Features
Motilal Oswal Securities Ltd
Alice Blue Financial Services
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
Orion Lite, MO Trader App
Front End: ANT | Back End: Omnesys NEST
Intraday Square-off Time
Equity: 3:15PM
Other Features
Broker Ratings (Average User Rating)
Motilal Oswal Securities Ltd
Alice Blue Financial Services
79 Customer Reviews
17 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews
Alice Blue is Rated 4.5 / 5 based on 17 customer reviews
Contact Broker / Request A Call Back
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Contact / Request Call Back
Investment Options Available
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
PMS, Fixed Deposits, Insurance, Derivatives
Customer Service Offered
Motilal Oswal Securities Ltd
Alice Blue Financial Services
24/7 Customer Service
Onine Live Chat
Through Branches
Order Type
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Research / Tips / Reports Published
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Suitable for Investor Category
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Casual Investor
Active Investor
Trader
Pros, Cons and Other Review Comments
Motilal Oswal Securities Ltd
Alice Blue Financial Services
Pros
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.
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.
Motilal Oswal offers FREE Trading + Demat Account (₹500 waived). You can also avail free brokerage for first month, 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.
Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition, get Lifetime Zero AMC Demat Account with no additional cost. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you.
Zerodha
Zero Account Opening Fee