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Motilal Oswal Vs Fyers Share Broker Comparison

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.

  Motilal Oswal Securities Ltd Fyers Securities Ltd
 
Motilal Oswal Securities Ltd Logo Fyers Securities Ltd 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 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... Know more about Fyers Securities Ltd
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 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 Fyers. Leave your contact info and we will get in touch with you.
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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
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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
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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.
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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
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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
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Share Broker Features

  Motilal Oswal Securities Ltd Fyers Securities Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
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
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Fyers Securities Ltd
  79 Customer Reviews    Rate Motilal Oswal 8 Customer Reviews    Rate Fyers
Fees Ratings 2.9 3.1
Trading Brokerage Rating 2.5 3.9
Trading Platform Usability 3.1 3.0
Customer Service Ratings 2.8 4.0
Overall Ratings Rated 2.7 stars Rated 3.6 stars
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
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Contact Broker / Request A Call Back

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

  Motilal Oswal Securities Ltd Fyers Securities Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives
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Customer Service Offered

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

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

  Motilal Oswal Securities Ltd Fyers Securities Ltd
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

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

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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.

More Advantages...

  • Free equity delivery trades and thematic investments. No brokerage for this segment.
  • Very low brokerage charges of maximum ₹20 per trade.
  • No software charges.
  • State of art trading platforms.
  • Thematic investment is available
  • Refer your friends and earn 20% of the revenues generated by your friends, for life!

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...

  • Depository services are offered through another company (IL&FS). Higher demat charges.
  • No branch offices.
  • No good 'til canceled (GTC) orders.

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.

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.

This is a limited time offer. Simply leave your contact information with us and Fyers representatives will contact you.

Enquire about Motilal Oswal Enquire about Fyers
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