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Motilal Oswal Vs Alice Blue Share Broker Comparison

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.

  Motilal Oswal Securities Ltd Alice Blue Financial Services
 
Motilal Oswal Securities Ltd Logo Alice Blue Financial Services Logo
About the Broker 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... Know more about Motilal Oswal Securities Ltd 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... Know more about Alice Blue Financial Services
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Standard Account F20
Broker Enquiry 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

  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
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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
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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.
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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
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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
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Share Broker Features

  Motilal Oswal Securities Ltd Alice Blue Financial Services
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
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
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Alice Blue Financial Services
  79 Customer Reviews    Rate Motilal Oswal 17 Customer Reviews    Rate Alice Blue
Fees Ratings 2.9 4.8
Trading Brokerage Rating 2.5 4.5
Trading Platform Usability 3.1 4.5
Customer Service Ratings 2.8 4.1
Overall Ratings Rated 2.7 stars Rated 4.5 stars
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
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd Alice Blue Financial Services
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal Securities Ltd Alice Blue Financial Services
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives
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Customer Service Offered

  Motilal Oswal Securities Ltd Alice Blue Financial Services
24/7 Customer Service Yes No
Onine Live Chat No No
Through Branches Yes No
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Order Type

  Motilal Oswal Securities Ltd Alice Blue Financial Services
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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Research / Tips / Reports Published

  Motilal Oswal Securities Ltd Alice Blue Financial Services
Daily Market Report Yes Yes
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Motilal Oswal Securities Ltd Alice Blue Financial Services
Casual Investor
Active Investor Yes
Trader Yes Yes

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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.

More Advantages...

  • Discount stock broker.
  • Most advance trading platform.
  • Free equity delivery trades. No brokerage.
  • 01% or Rs 20 whichever is less brokerage for intraday and F&O.
  • Up to 20x margin in equity intraday.
  • Demat AMC is free for lifetime for all customers.

More Advantages...

Cons
  • 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.

More Disadvantages...

  • Online Mutual Fund investment is not available.
  • Margin funding is not available.
  • Good Till Cancelled (GTC) orders not available.
  • Call & Trade is available with additional cost of ₹20 per order.

More Disadvantages...

Reviews
Promo / Offers

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

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.

Free Equity Delivery Trade + Lifetime FREE AMC Demat Account

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.

Enquire about Motilal Oswal
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