The side-by-side comparison of Motilal Oswal Securities Ltd and Fyers Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and Fyers'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 Fyers.
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...
Incorporated in 2015, Fyers Securities is a Bangalore based online discount stock broker. Fyers offers trading in Equity Cash, F&O and Currency Derivatives segments at NSE. FYERS word is an acronym of "Focus Your Energy & Reform the Self", representi...
Type of Broker
Full Service Broker
Discount Broker
Supported Exchnage
BSE, NSE, MCX
NSE, MCX
Account Type
Standard Account
Flat Fee Brokerage Plan
Broker Enquiry
Stock Broker Fees / Charges
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Trading Account Opening Fees
₹0
₹0 (Free)
Trading Account AMC
₹0
₹0 (Free)
Demat Account Opening Fees
₹0
₹0 (Free)
Demat Account AMC
₹299 (1st year free)
₹400
Demat Account is Mandatory?
No
No
Trading Brokerage Charges
Brokerage Plan 1
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Account Type
Standard Account
Flat Fee Brokerage Plan
Fixed Charges
Equity Delivery Brokerage
0.15% to 0.50%
₹0 (Free)
Equity Intraday Brokerage
0.015% to 0.05%
₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage
0.015% to 0.05%
₹20 per executed order or .01% whichever is lower
Equity Options Brokerage
₹25 to ₹100 per Lot
₹20 per executed order
Currency Futures Trading Brokerage
0.05%
₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage
₹20 per Lot
₹20 per executed order
Commodity Futures Trading Brokerage
0.05%
NA
Commodity Options Trading Brokerage
No
Other Charges
Minimum Brokerage Charges
₹25 for Delivery and ₹12 for Intraday
Other Brokerage Charges
Minimum balance: ₹1,000
Square-off by Fyers - ₹20 per trade, NRI Brokerage: ₹100 per executed order (For all segments)
Call & Trade Charges
Nil
₹20 per trade
Taxes
Motilal Oswal Securities Ltd
Fyers Securities Ltd
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.
Transaction Charges
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Equity Delivery
NSE: 0.00335% | BSE: 0.01%
₹325 per crore (0.00325%)
Equity Intraday
NSE: 0.00325% | BSE: 0.002%
₹325 per crore (0.00325%)
Equity Futures
0.002%
₹240 per crore (0.0024%)
Equity Options
NSE 0.0511% | BSE 0.002% (on premium)
₹5900 per crore (on premium) (0.059%)
Currency Futures
0.00125%
₹240 per crore (0.0024%)
Currency Options
0.042% (on premium)
₹5900 per crore (on premium) (0.059%)
Commodity
MCX: 0.0025%
NA
Exposure
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Equity Delivery
4 times
1 times
Equity Intraday
20 time for Margin+ (Over 140 Stocks), 4 times for other stocks
Up to 16x (based on the stock)
Equity Futures
Intraday: 3 times | Carry forward position: no exposure
Intraday - 4 Times, Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options
No exposure
Intraday Sell 4x, Intraday Buy with CO 1.3x, Intraday Buy without CO 1x, Carry forward - 1x
Currency Futures
NA
Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options
NA
Intraday - 40% (2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) (Options selling)
Commodity
Intraday: 3 times | Carry forward position: no exposure
NA
Share Broker Features
Motilal Oswal Securities Ltd
Fyers Securities Ltd
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform
Orion Lite, MO Trader App
Fyers One (In-house build)
Intraday Square-off Time
3:20 PM
Other Features
Brokerage free thematic investing is available
Broker Ratings (Average User Rating)
Motilal Oswal Securities Ltd
Fyers Securities Ltd
79 Customer Reviews
8 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews
Fyers is Rated 3.6 / 5 based on 8 customer reviews
Contact Broker / Request A Call Back
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Contact / Request Call Back
Investment Options Available
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
PMS, Fixed Deposits, Insurance, Derivatives
Customer Service Offered
Motilal Oswal Securities Ltd
Fyers Securities Ltd
24/7 Customer Service
Onine Live Chat
Through Branches
Order Type
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Research / Tips / Reports Published
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Suitable for Investor Category
Motilal Oswal Securities Ltd
Fyers Securities Ltd
Casual Investor
Active Investor
Trader
Pros, Cons and Other Review Comments
Motilal Oswal Securities Ltd
Fyers Securities Ltd
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.
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.
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.
Fyers offer FREE Trading Account (₹0 account opening fee). Equity delivery trades are FREE (no brokerage), for other segments you pay ₹20 per trade flat broekrage fee.
Zerodha
Zero Account Opening Fee