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Motilal Oswal Vs HDFC Securities Share Broker Comparison

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

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
	Motilal Oswal Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	HDFC Securities Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

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...	HDFC Securities(HDFCsec) is Equity Trading Company of HDFC Bank. HDFC Securities provide both online trading and trading on phone. The HDFC Securities trading account has a unique 3-in-1 feature that integrates your HDFC Securities trading account wi...
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnage	BSE, NSE, MCX	BSE, NSE
Account Type	Standard Account	Online Trading
Broker Enquiry

Stock Broker Fees / Charges

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
Trading Account Opening Fees	₹0	₹999
Trading Account AMC	₹0	₹0
Demat Account Opening Fees	₹0	₹0
Demat Account AMC	₹299 (1st year free)	₹750
Demat Account is Mandatory?	No	No

Trading Brokerage Charges

Brokerage Plan 1

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
Account Type	Standard Account	Online Trading
Fixed Charges
Equity Delivery Brokerage	0.15% to 0.50%	0.50%
Equity Intraday Brokerage	0.015% to 0.05%	0.10%
Equity Futures Brokerage	0.015% to 0.05%	0.05%
Equity Options Brokerage	₹25 to ₹100 per Lot	₹100 per lot or 1% of the premium (whichever is higher)
Currency Futures Trading Brokerage	₹20 per Lot	₹23 per contract
Currency Options Trading Brokerage	₹20 per Lot	₹20 per contract
Commodity Futures Trading Brokerage	0.03%	0.025%
Commodity Options Trading Brokerage		₹100 per lot

Other Charges

Minimum Brokerage Charges	₹25 for Delivery and ₹12 for Intraday	₹25 plus taxes
Other Brokerage Charges	Minimum balance: ₹1,000
Call & Trade Charges		₹0

Taxes

	Motilal Oswal Securities Ltd	HDFC 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	HDFC Securities Ltd
Equity Delivery	NSE: 0.00335% \| BSE: 0.01%
Equity Intraday	NSE: 0.00325% \| BSE: 0.002%
Equity Futures	0.002%
Equity Options	NSE 0.0511% \| BSE 0.002% (on premium)
Currency Futures	0.00125%
Currency Options	0.042% (on premium)
Commodity	MCX: 0.0025%

Exposure

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
Equity Delivery	20x for Margin+ (Over 140 Stocks), 4x for other stocks
Equity Intraday	20x for Margin+ (Over 140 Stocks), 4x for other stocks
Equity Futures	Intraday - Upto 2x, 4x for CO
Equity Options	NA
Currency Futures	NA
Currency Options	NA
Commodity	Up to 3-4 times

Share Broker Features

	Motilal Oswal Securities Ltd	HDFC 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	ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify
Intraday Square-off Time		3:30 PM
Other Features		E-Margin, ENCASH,

Broker Ratings (Average User Rating)

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
	78 Customer Reviews	164 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 78 customer reviews	HDFC Securities is Rated 2.2 / 5 based on 164 customer reviews

Contact Broker / Request A Call Back

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

Investment Options Available

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	PMS, Fixed Deposits, Insurance, Derivatives	Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading

Customer Service Offered

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
24/7 Customer Service
Onine Live Chat
Through Branches

Order Type

	Motilal Oswal Securities Ltd	HDFC 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	HDFC Securities Ltd
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	Motilal Oswal Securities Ltd	HDFC Securities Ltd
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	Motilal Oswal Securities Ltd	HDFC 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...	The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments. 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...	In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs. 5000) and a DP (depository participant) account with HDFC Bank. Very high brokerage charges Charge minimum brokerage of ₹25 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.	HDFC 3-in-1 Account HDFC Securities offers a full-service 3-in-1 account, a combination of saving bank, trading and demat account. One account to investment in Equity, Derivatives, Mutual Funds, IPO and Fixed Deposits. Special Offer: ₹750 demat account AMC is waived when you open your 3-in-1 account. Interested in opening a trading account? Request Callback from a stock broker.
	Enquire about Motilal Oswal	Enquire about HDFC Securities
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