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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. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it... 
Choice Broking
Incorporated in 2010, Choice Equity Broking Pvt. Ltd (commonly known as Choice Broking) is a Mumbai-based full-service stockbroking firm. Choice broking is a subsidiary of a publicly listed financial services firm named 'Choice International Limited' that was formed in 1993.
Choice Broking offers online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, wealth management, Portfolio management, Insuran...
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 2010, Choice Broking is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, ICDEX. It has 50 branches across India.
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX, ICDEX |
| Year of Incorporation | 1987 | 2010 |
| Number of Branches | 305 | 50 |
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| Enquire Motilal Oswal | Enquire Choice Broking |
Motilal Oswal trading account opening charges is Rs 0 while Choice Broking account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and Choice Broking Demat Account AMC Charges is Rs 200 or as per plan. (1st year AMC free).
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Free (Rs 400 2nd year onward) | Rs 200 or as per plan. (1st year AMC free) |
Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas Choice Broking brokerage charges for equity is 0.20% and intraday is 0.02%.
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Account Type | Default Plan | Standard Plan |
| Fixed Charges | ||
| Equity Delivery | 0.50% | 0.20% |
| Equity Intraday | 0.05% (both side) | 0.02% |
| Equity Futures | 0.05% (both side) | 0.02% |
| Equity Options | Rs 100 per lot (both side) | Rs 25 per lot |
| Currency Futures | Rs 20 per lot (both side) | 0.02% |
| Currency Options | Rs 20 per lot (both side) | Rs 20 per lot |
| Commodity Futures | 0.05% (both side) | 0.02% |
| Commodity Options | Rs 50 per lot | |
| Special Offer | Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer |
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Account Type | Value Pack (VP2KLT) | Standard Plan |
| Fixed Charges | Rs 2000 (one time fee) | |
| Equity Delivery | 0.40% | 0.20% |
| Equity Intraday | 0.04% (both side) | 0.02% |
| Equity Futures | 0.04% (both side) | 0.02% |
| Equity Options | Rs 50 per lot (both side) | Rs 25 per lot |
| Currency Futures | Rs 22 per lot (both side) | 0.02% |
| Currency Options | Rs 22 per lot (both side) | Rs 20 per lot |
| Commodity Futures | 0.04% (both side) | 0.02% |
| Commodity Options | Rs 50 per lot | |
| Enquire Motilal Oswal | Enquire Choice Broking |
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Account Type | Value Pack (VP1LACLT) | Standard Plan |
| Fixed Charges | Rs 1,00,000 (one time fee) | |
| Equity Delivery | 0.10% | 0.20% |
| Equity Intraday | 0.01% (both side) | 0.02% |
| Equity Futures | 0.01% (both side) | 0.02% |
| Equity Options | Rs 20 per lot (both side) | Rs 25 per lot |
| Currency Futures | Rs 10 per lot (both side) | 0.02% |
| Currency Options | Rs 10 per lot (both side) | Rs 20 per lot |
| Commodity Futures | 0.01% (both side) | 0.02% |
| Commodity Options | Rs 50 per lot | |
| Enquire Motilal Oswal | Enquire Choice Broking |
| Minimum Brokerage | Rs 25 for Delivery and Rs 12 for Intraday | |
| Other Charges | Minimum balance: Rs 1,000 | |
| Call & Trade Charges | Nil | Rs 0 (Free) |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while Choice Broking exchange transaction charges for options is NSE Rs 5000 per crore (0.05%).
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | NSE Rs 325 per crore (0.00325%) | BSE Flat Rate of Rs 1.51 per Trade |
| Equity Futures | Rs 200 per Cr (0.002%) | NSE Rs 240 per crore (0.0024%) |
| Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | NSE Rs 5000 per crore (0.05%) |
| Currency Futures | Rs 125 per Cr (0.00125%) | NSE Rs 90 per crore (0.0009%) |
| Currency Options | Rs 4200 per Cr (0.042%)(on premium) | NSE Rs 4000 per crore (0.04%) |
| Commodity | MCX: Rs 250 per Cr (0.0025%) | Non-Agri Rs 290 per Crore (0.0029%) | Agri Rs 178 per Crore (0.00178%) |
| Enquire Motilal Oswal | Enquire Choice Broking |
Motilal Oswal margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Choice Broking margin for intraday cash is up to 6x of the trade value based on the stock.
As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) | Up to 6x (based on the stock) |
| Equity F&O | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Currency Futures | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Commodity Futures | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Enquire Motilal Oswal | Enquire Choice Broking |
The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. Choice Broking offers Jiffy trading software.
| Motilal Oswal | Choice Broking | |
|---|---|---|
| 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 Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Orion Lite, MO Trader App | Jiffy |
| Intraday Square-off Time | 3:15 PM | |
| Other Features | ||
| Referral Program | |
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| Enquire Motilal Oswal | Enquire Choice Broking |
Motilal Oswal is rated 2.4 of 5 based on 114 customer reviews whereas Choice Broking is rated 4.1 of 5 based on 7 customer reviews.
| Motilal Oswal | Choice Broking | |
|---|---|---|
114 Customer Reviews  |
7 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.4 of 5 based on 114 customer reviews | Choice Broking is rated 4.1 of 5 based on 7 customer reviews |
| Motilal Oswal Enquire | Choice Broking Enquire | |
|---|---|---|
| Contact Broker | Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer | Leave your contact information and we will get in touch with you.... |
| Motilal Oswal | Choice Broking | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| IPO | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance, Derivatives | Portfolio Management Services, Insurance |
| Motilal Oswal | Choice Broking | |
|---|---|---|
| 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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| Enquire Motilal Oswal | Enquire Choice Broking |
| Motilal Oswal | Choice Broking | |
|---|---|---|
| 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 | Choice Broking | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
| Motilal Oswal | Choice Broking | |
|---|---|---|
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| Reviews | Choice Equity Broking Private Limited, commonly known as Choice Broking , is a Mumbai based full-service broker incorporated in 2010 offering online trading and premium financial services for an entire range of financial products like Equity, Derivatives, Currency, Commodities, Mutual Funds, Margin Trading Facility, wealth management, Portfolio management, Insurance, and Loan against share. The company offers 2-in-1 account opening services and has a depository membership with CDSL and NSDL and is a member of NSE, BSE, MCX, NCDEX, and ICEX. The company has a proprietary trading platform (Jiffy) available on the website, Android, and iOS. |
|
| Promo / Offers | Get Zero AMC for LifetimeMotilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, 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. |
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| Enquire Motilal Oswal | Enquire Choice Broking |
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