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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... 
About AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers.
AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa...
Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.
| Motilal Oswal | AxisDirect | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 1987 | 2006 |
| Number of Branches | 305 | 56 |
Motilal Oswal trading account opening charges is Rs 0 (Free) while AxisDirect account opening changes is Rs 900. Motilal Oswal Demat Account AMC Charges is Rs 400 (Free for 1st Year) and AxisDirect Demat Account AMC Charges is Rs 650.
| Motilal Oswal | AxisDirect | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 900 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 400 (Free for 1st Year) | Rs 650 |
Motilal Oswal brokerage charges for equity is 0.20% and intraday is 0.02% whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.
| Account Type | Motilal Oswal Default Plan | AxisDirect Standard Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 0.20% | 0.50% |
| Equity Intraday | 0.02% | 0.05% |
| Equity Futures | 0.02% | 0.05% |
| Equity Options | Rs 20 per lot | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | Rs 20 per lot | 0.05% |
| Currency Options | Rs 20 per lot | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l |
| Commodity Futures | 0.02% | 0.03% |
| Commodity Options | Rs 200 Per Lot | Rs 50 per lot |
| Special Offer | 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. |
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. |
| Minimum Brokerage | Rs 25 for Delivery | Rs 20 per trade |
| Other Charges | ||
| Call & Trade Charges | Free | Rs 20 per call |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).
| Motilal Oswal | AxisDirect | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Futures | Rs 200 per Cr (0.002%) | NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) |
| Currency Futures | Rs 125 per Cr (0.00125%) | Rs 190 per Cr (0.0019%) |
| Currency Options | Rs 4200 per Cr (0.042%)(on premium) | Rs 5000 per Cr (0.05%) (on premium) |
| Commodity | MCX: Rs 250 per Cr (0.0025%) | |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the AxisDirect margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | AxisDirect | |
|---|---|---|
| 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) |
The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.
| Motilal Oswal | AxisDirect | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting | |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Trading Platform | MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE | DirectTrade, Axisdirect Web, Axisdirect Mobile |
| Intraday Square-off Time | 3:15 | |
| Trading In SME Shares Allowed? | ||
| Referral Program | |
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| Other Features | ||
Motilal Oswal is rated 2.3 of 5 based on 132 customer reviews whereas AxisDirect is rated 2.0 of 5 based on 84 customer reviews.
| Motilal Oswal | AxisDirect | |
|---|---|---|
132 Customer Reviews  |
84 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.3 of 5 based on 132 customer reviews | AxisDirect is rated 2.0 of 5 based on 84 customer reviews |
| Motilal Oswal Enquire | AxisDirect Enquire | |
|---|---|---|
| Contact Broker | 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. | 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. |
| Motilal Oswal | AxisDirect | |
|---|---|---|
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| Commodity | |
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| IPO | |
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| Bond / NCD | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance | Loans, ETF, Corporate FD |
| Motilal Oswal | AxisDirect | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Motilal Oswal | AxisDirect | |
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| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Motilal Oswal | AxisDirect | |
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| Casual Investor | |
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| Trader | |
| Motilal Oswal | AxisDirect | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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