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Motilal Oswal Vs AxisDirect Share Broker Comparison

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

  Motilal Oswal Securities Ltd Axis Securities
 
Motilal Oswal Securities Ltd Logo Axis Securities 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 2005, Axis Securities is a subsidiary company of Axis Bank Ltd. Company offers broking services and distribution of financial products to retail customers in India. Axis Sec offers a single account to its customer to invest in Equitie... Know more about Axis Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE
Account Type Standard Account Trade@20 (SA75000)
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 AxisDirect. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd Axis Securities
Trading Account Opening Fees ₹0 ₹900 (3 in 1 account)
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹299 (1st year free) ₹500
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd Axis Securities
Account Type Standard Account Trade@20 (SA75000)
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% ₹20 per executed order
Equity Intraday Brokerage 0.015% to 0.05% ₹20 per executed order
Equity Futures Brokerage 0.015% to 0.05% ₹20 per executed order
Equity Options Brokerage ₹25 to ₹100 per Lot ₹20 per executed order
Currency Futures Trading Brokerage 0.05% 0.03% each side
Currency Options Trading Brokerage ₹20 per Lot ₹20 per lot
Commodity Futures Trading Brokerage 0.05% 0.03% each side
Commodity Options Trading Brokerage No ₹50 per lot

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday ₹20 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges Minimum balance: ₹1,000 ₹250 per monthly fee if do not have axis bank account
Call & Trade Charges Nil ₹20 per call post 20th call per month
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Taxes

  Motilal Oswal Securities Ltd Axis Securities
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 Axis Securities
Equity Delivery NSE: 0.00335% | BSE: 0.01% 0.00325% (₹325/Cr)
Equity Intraday NSE: 0.00325% | BSE: 0.002% 0.00325% (₹325/Cr)
Equity Futures 0.002% 0.0019% (₹190/Cr)
Equity Options NSE 0.0511% | BSE 0.002% (on premium) 0.05% (₹5000/crore)
Currency Futures 0.00125% 0.0019% (₹190/Cr)
Currency Options 0.042% (on premium) 0.05% (₹5000/crore)
Commodity MCX: 0.0025%
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Exposure

  Motilal Oswal Securities Ltd Axis Securities
Equity Delivery 4 times Nil
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 Nil
Equity Options No exposure Nil
Currency Futures NA NA
Currency Options NA NA
Commodity Intraday: 3 times | Carry forward position: no exposure 3x
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Share Broker Features

  Motilal Oswal Securities Ltd Axis Securities
3 in 1 Account No Yes
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Orion Lite, MO Trader App DirectTrade, Swift Trade, Axisdirect Mobile
Intraday Square-off Time 3:15
Other Features Can trade in 32 exchanges through Saxo Trader
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Axis Securities
  79 Customer Reviews    Rate Motilal Oswal 48 Customer Reviews    Rate AxisDirect
Fees Ratings 2.9 2.0
Trading Brokerage Rating 2.5 1.8
Trading Platform Usability 3.1 2.7
Customer Service Ratings 2.8 2.4
Overall Ratings Rated 2.7 stars Rated 2.2 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews AxisDirect is Rated 2.2 / 5 based on 48 customer reviews
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Contact Broker / Request A Call Back

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

  Motilal Oswal Securities Ltd Axis Securities
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 Axis Securities
24/7 Customer Service Yes No
Onine Live Chat No No
Through Branches Yes Yes
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Order Type

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

  Motilal Oswal Securities Ltd Axis Securities
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 Axis Securities
Casual Investor Yes
Active Investor
Trader Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Axis Securities
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. Brokerage of flat ₹20 per trade in Equity and Equity Derivatives.
  2. Offers 3-in-1 investment account
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

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...

  • Minimum Average Quarterly Balance(AQB) of ₹75,000 in bank account is required. ₹250 per month fee if minimum balance not maintained.
  • Charges ₹250 per month fee if you are not an axis bank customer.
  • Install-able trading terminal cost at ₹2999 per year which is mostly free by all discount brokers
  • Higher commodity and currency trading brokerage.
  • Call & Trade is charged ₹20 extra per trade

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 AxisDirect
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