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Motilal Oswal Vs Choice Broking (Compare Motilal Oswal and Choice Broking)

Motilal Oswal Securities Ltd Logo

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. 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... Know more about Motilal Oswal Securities Ltd

Choice Equity Broking Private Limited Logo

About 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... Know more about Choice Equity Broking Private Limited

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Motilal Oswal Vs Choice Broking

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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Motilal Oswal Vs Choice Broking Charges & AMC

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)

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Motilal Oswal Vs Choice Broking Brokerage

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%.

Account Type Motilal Oswal Default Plan Choice Broking 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 Vs Choice Broking Brokerage Plan 2

  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
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Motilal Oswal Vs Choice Broking Brokerage Plan 3

  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
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Motilal Oswal Charges Vs 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)

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Motilal Oswal Vs Choice Broking Transaction Charges

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%)
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Motilal Oswal Vs Choice Broking Leverage (Margin)

Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Choice Broking margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Motilal Oswal Choice Broking
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)
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Compare Motilal Oswal and Choice Broking Features

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 No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Orion Lite, MO Trader App Jiffy
Intraday Square-off Time 3:15 PM
Other Features
Referral Program Yes Yes
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Motilal Oswal Vs Choice Broking Review

Motilal Oswal is rated 2.4 of 5 based on 120 customer reviews whereas Choice Broking is rated 3.6 of 5 based on 9 customer reviews.

  Motilal Oswal Choice Broking
  120 Customer Reviews    Rate Motilal Oswal 9 Customer Reviews    Rate Choice Broking
Fees 2.8 4.2
Brokerage 2.3 3.6
Trading Platform 3.0 3.8
Customer Service 2.6 3.6
Research Capabilities 2.5 3.6
Overall Ratings Rated 2.4 stars Rated 3.6 stars
Broker Rating Motilal Oswal is rated 2.4 of 5 based on 120 customer reviews Choice Broking is rated 3.6 of 5 based on 9 customer reviews

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Contact Broker / Request A Call Back

  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....

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Motilal Oswal Vs Choice Broking Investment Options

  Motilal Oswal Choice Broking
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes No
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives Portfolio Management Services, Insurance

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Motilal Oswal Vs Choice Broking Order Type Offered

  Motilal Oswal Choice Broking
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Motilal Oswal Vs Choice Broking Research Report

  Motilal Oswal Choice Broking
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Motilal Oswal Vs Choice Broking Suitable For Investor Type

  Motilal Oswal Choice Broking
Casual Investor Yes
Active Investor Yes
Trader Yes

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Motilal Oswal Vs Choice Broking - Pros and Cons

  Motilal Oswal Choice Broking
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.
  • Value pack brokerage plans are available for frequent traders.
  • Zero Account opening fee.
  • Hassle free online Demat Account Opening.
  • Offers a wide range of investment products
  • Offers simple Trading Platforms to its customers.
  • Offers multiple AMC plan options with lifetime free AMC and refundable AMC options.
  • Free call and trade facility.
  • Provides Margin Trading Facility MTF Services.
  • Claim to have the most accurate and free research reports in the market with a 78% success ratio.
  • Offers online IPO application services.
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.
  • Do not have Flexi brokerage plans.
  • Does not offer 3-in-1 account services.
  • Advanced order types like BO, CO, GTC not available.
  • Margin calculator not available.
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 Lifetime

Motilal 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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