Motilal Oswal Vs Kotak Securities Share Broker Comparison
The side-by-side comparison of Motilal Oswal Securities Ltd and Kotak Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between Motilal Oswal and Kotak 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 Kotak Securities.
| |
Motilal Oswal Securities Ltd |
Kotak Securities Ltd |
| |
|
|
|
 |
 |
| 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...  |
Kotak Securities Ltd, a subsidiary of Kotak Mahindra Bank was founded in 1994. They offers stock broking services and distributes financial products in India. They have 1209 branches, franchisees and satellite offices offers services to 11.95 Lakh cu... |
Type of Broker
|
Full Service Broker |
Full Service Broker |
| Supported Exchnage
|
BSE, NSE, MCX |
BSE, NSE, MCX, NCDEX |
| Account Type
|
Standard Account |
Fixed Brokerage Plan |
| Broker Enquiry |
|
|
Stock Broker Fees / Charges
| |
Motilal Oswal Securities Ltd |
Kotak Securities Ltd |
| Trading Account Opening Fees
|
₹0 |
₹750 |
| Trading Account AMC
|
₹0 |
₹0 |
| Demat Account Opening Fees
|
₹0 |
₹0 |
| Demat Account AMC
|
₹299 (1st year free) |
₹600 |
| Demat Account is Mandatory?
|
No |
No |
Trading Brokerage Charges
Brokerage Plan 1
| |
Motilal Oswal Securities Ltd |
Kotak Securities Ltd |
| Account Type |
Standard Account |
Fixed Brokerage Plan |
| Fixed Charges
|
|
|
| Equity Delivery Brokerage
|
0.15% to 0.50% |
0.49% |
| Equity Intraday Brokerage
|
0.015% to 0.05% |
0.049% (both side) |
| Equity Futures Brokerage
|
0.015% to 0.05% |
0.049% (both side) |
| Equity Options Brokerage
|
₹25 to ₹100 per Lot |
₹300 per lot |
| Currency Futures Trading Brokerage
|
₹20 per Lot |
|
| Currency Options Trading Brokerage
|
₹20 per Lot |
|
| Commodity Futures Trading Brokerage
|
0.03% |
0.070% |
| Commodity Options Trading Brokerage
|
|
|
Brokerage Plan 2
| |
Motilal Oswal Securities Ltd |
Kotak Securities Ltd |
| Account Type |
Standard Account |
Dynamic Brokerage Plan |
| Fixed Charges
|
|
|
| Equity Delivery Brokerage
|
0.15% to 0.50% |
0.59% to 0.30% |
| Equity Intraday Brokerage
|
0.015% to 0.05% |
0.06% to 0.05% |
| Equity Futures Brokerage
|
0.015% to 0.05% |
0.07% to 0.05% |
| Equity Options Brokerage
|
₹25 to ₹100 per Lot |
2.5% to 1.8% |
| Currency Futures Trading Brokerage
|
₹20 per Lot |
0.04% or Rs 20 per lot |
| Currency Options Trading Brokerage
|
₹20 per Lot |
Rs 20 to Rs 7.5 per lot |
| Commodity Futures Trading Brokerage
|
0.03% |
|
| Commodity Options Trading Brokerage
|
|
|
Other Charges
| Minimum Brokerage Charges
|
₹25 for Delivery and ₹12 for Intraday |
₹21 per executed order |
| Other Brokerage Charges
|
Minimum balance: ₹1,000 |
SMS Alerts at ₹50 per month |
| Call & Trade Charges
|
|
₹20 per call after first 20 free calls in a month |
Taxes
| |
Motilal Oswal Securities Ltd |
Kotak 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 |
Kotak 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 |
Kotak Securities Ltd |
| Equity Delivery
|
4 times |
1x (no margin) |
| Equity Intraday
|
20 time for Margin+ (Over 140 Stocks), 4 times for other stocks |
50 times |
| Equity Futures
|
Intraday: 3 times | Carry forward position: no exposure |
12 to 15 times |
| Equity Options
|
No exposure |
Selling: 200 times | Buying: 10 times |
| Currency Futures
|
NA |
NA |
| Currency Options
|
NA |
NA |
| Commodity
|
Intraday: 3 times | Carry forward position: no exposure |
NA |
Share Broker Features
| |
Motilal Oswal Securities Ltd |
Kotak 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 |
Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite |
| Intraday Square-off Time
|
|
|
| Other Features
|
|
3-in-1 account |
Broker Ratings (Average User Rating)
| |
Motilal Oswal Securities Ltd |
Kotak Securities Ltd |
| |
79 Customer Reviews  |
133 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 |
Kotak Securities is Rated 2.6 / 5 based on 133 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
| |
Motilal Oswal Securities Ltd |
Kotak 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 |
Kotak Securities Ltd |
| 24/7 Customer Service
|
|
|
| Onine Live Chat
|
|
|
| Through Branches
|
|
|
Order Type
| |
Motilal Oswal Securities Ltd |
Kotak 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 |
Kotak Securities Ltd |
| Daily Market Report
|
|
|
| Free Tips
|
|
|
| Quarterly Result Analysis
|
|
|
| News Alerts
|
|
|
Suitable for Investor Category
| |
Motilal Oswal Securities Ltd |
Kotak Securities Ltd |
| Casual Investor
|
|
|
| Active Investor
|
|
|
| Trader
|
|
|
Pros, Cons and Other Review Comments
| |
Motilal Oswal Securities Ltd |
Kotak 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... |
- Offers 3-in-1 Account (trinity account).
- Kotak Security is a full services broker offering wide range of investment options and research reports.
- Kotak Securities has extended network of 1400+ branches across India.
- It offers 3-in-1 account, the combination of broker account, bank account and a demat account. All these accounts are linked together and work seamlessly to make stock market investment very easy especially for beginners in stock market.
- Kotak offers 5 different trading platforms to fulfill almost all customer requirements.
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... |
- The brokerage changed by them of higher than the discount brokers.
- Commodity trading is available through another company 'Kotak Commodity Services Ltd'.
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. |
Kotak 3-in-1 Account
Kotak Mahendra Bank offers trinity account, a 3-in-1 account which is a combination of saving bank, trading and demat account. It offers convenient investment in Equity, Derivatives, Mutual Funds, IPO and ETF.
Looking for an online trading account? Request Callback from a stock broker. |
|
Enquire about Motilal Oswal
|
Enquire about Kotak Securities
|
| Compare More Brokers |
|
|
Zerodha
Zero Account Opening Fee