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Motilal Oswal Vs Anand Rathi Share Broker Comparison

The side-by-side comparison of Motilal Oswal Securities Ltd and Anand Rathi stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and Anand Rathi'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 Anand Rathi.

  Motilal Oswal Securities Ltd Anand Rathi
 
Motilal Oswal Securities Ltd Logo Anand Rathi 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 1994, Anand Rathi is Mumbai, India based firm engaged in financial and advisory services which includes wealth management, investment banking, corporate advisory, brokerage & distribution of equities, commodities, mutual funds and ins... Know more about Anand Rathi
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX NSE, BSE, MCX, NCDEX & NSEL
Account Type Standard Account Standard Plan
Broker Enquiry Open an Online Trading Account with Motilal Oswal. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Anand Rathi. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd Anand Rathi
Trading Account Opening Fees ₹0 Rs 750
Trading Account AMC ₹0 Rs 0
Demat Account Opening Fees ₹0 Rs 550
Demat Account AMC ₹299 (1st year free) Rs 299 from second year onward
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd Anand Rathi
Account Type Standard Account Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.5% - 0.15%
Equity Intraday Brokerage 0.015% to 0.05% 0.05% -0.015%
Equity Futures Brokerage 0.015% to 0.05% 0.05% - 0.015%
Equity Options Brokerage ₹25 to ₹100 per Lot Rs 75 to Rs 20
Currency Futures Trading Brokerage 0.05% 0.05% - 0.015%
Currency Options Trading Brokerage ₹20 per Lot Rs 75 to Rs 20
Commodity Futures Trading Brokerage 0.05% 0.008% - 0.05%
Commodity Options Trading Brokerage No

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday
Other Brokerage Charges Minimum balance: ₹1,000
Call & Trade Charges Nil
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Taxes

  Motilal Oswal Securities Ltd Anand Rathi
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 Anand Rathi
Equity Delivery NSE: 0.00335% | BSE: 0.01% ₹350
Equity Intraday NSE: 0.00325% | BSE: 0.002% ₹350
Equity Futures 0.002% NSE ₹410 | BSE ₹210
Equity Options NSE 0.0511% | BSE 0.002% (on premium) ₹7000
Currency Futures 0.00125% ₹350
Currency Options 0.042% (on premium) ₹7000
Commodity MCX: 0.0025% ₹350
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Exposure

  Motilal Oswal Securities Ltd Anand Rathi
Equity Delivery 4 times upto 4x
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks Upto 10x
Equity Futures Intraday: 3 times | Carry forward position: no exposure Upto 2x
Equity Options No exposure Upto 2x for shorting
Currency Futures NA Upto 2x
Currency Options NA Upto 2x for shorting
Commodity Intraday: 3 times | Carry forward position: no exposure Upto 2x
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Share Broker Features

  Motilal Oswal Securities Ltd Anand Rathi
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes Yes
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 Trade X'Press, Trade Lite, Trade Mobi, Trade X'Pro, Trade X'Pro+
Intraday Square-off Time
Other Features
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Anand Rathi
  79 Customer Reviews    Rate Motilal Oswal 12 Customer Reviews    Rate Anand Rathi
Fees Ratings 2.9 3.2
Trading Brokerage Rating 2.5 3.3
Trading Platform Usability 3.1 3.1
Customer Service Ratings 2.8 3.4
Overall Ratings Rated 2.7 stars Rated 3.1 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews Anand Rathi is Rated 3.1 / 5 based on 12 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd Anand Rathi
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal Securities Ltd Anand Rathi
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
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 Anand Rathi
24/7 Customer Service Yes No
Onine Live Chat No Yes
Through Branches Yes Yes
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Order Type

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

  Motilal Oswal Securities Ltd Anand Rathi
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Motilal Oswal Securities Ltd Anand Rathi
Casual Investor
Active Investor Yes
Trader Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Anand Rathi
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...

  1. They have 200 branches for extensive reach.
  2. call & trade is also available.
  3. Investment online in IPOs, Mutual Funds, GOI Bonds all from one website. General Insurance is also available.
  4. Trading is available in both BSE and NSE.
  5. Low bandwidth website is available for slow internet connection or for trading from mobile devices.

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...

  1. AnandRathi brokerage is high and not negotiable.
  2. They don't offer 3 in 1 account.
  3. There are some extra charges for their featured products.

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.

Enquire about Motilal Oswal Enquire about Anand Rathi
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