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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... 
About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Portfolio Management services (PMS), research, margin trade funding, depository services and third-party products like insurance. The company also provides direct access to the US markets.
Kotak Securities is a ...
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 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India.
| Motilal Oswal | Kotak Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 1987 | 1994 |
| Number of Branches | 305 | 153 |
Motilal Oswal trading account opening charges is Rs 0 while Kotak Securities account opening changes is Rs 0 (Free). Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and Kotak Securities Demat Account AMC Charges is Rs 600.
| Motilal Oswal | Kotak Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
| Demat Account AMC Charges | Free (Rs 400 2nd year onward) | Rs 600 |
Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas Kotak Securities brokerage charges for equity is 0.25% or Rs 20 whichever is higher and intraday is Free.
| Account Type | Motilal Oswal Default Plan | Kotak Securities Trade Free Plan |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.50% | 0.25% or Rs 20 whichever is higher |
| Equity Intraday | 0.05% (both side) | Free |
| Equity Futures | 0.05% (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Equity Options | Rs 100 per lot (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Currency Futures | Rs 20 per lot (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Currency Options | Rs 20 per lot (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Commodity Futures | 0.05% (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Commodity Options | Delivery: Rs 20 per trade | Intraday: Free | |
| Special Offer | Zerodha (Trade with the best stock broker) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
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| Motilal Oswal | Kotak Securities | |
|---|---|---|
| Account Type | Value Pack (VP2KLT) | Dealer Assisted Plan |
| Fixed Charges | Rs 2000 (one time fee) | Rs 499 (One Time) |
| Equity Delivery | 0.40% | 0.39% |
| Equity Intraday | 0.04% (both side) | 0.039% |
| Equity Futures | 0.04% (both side) | 0.039% |
| Equity Options | Rs 50 per lot (both side) | Rs 39 per lot |
| Currency Futures | Rs 22 per lot (both side) | Rs 9 per lot |
| Currency Options | Rs 22 per lot (both side) | Rs 5 per lot |
| Commodity Futures | 0.04% (both side) | 0.039% |
| Commodity Options | Rs 39 per lot | |
| Motilal Oswal | Kotak Securities | |
|---|---|---|
| Account Type | Value Pack (VP1LACLT) | Trade Free Plan |
| Fixed Charges | Rs 1,00,000 (one time fee) | |
| Equity Delivery | 0.10% | 0.25% or Rs 20 whichever is higher |
| Equity Intraday | 0.01% (both side) | Free |
| Equity Futures | 0.01% (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Equity Options | Rs 20 per lot (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Currency Futures | Rs 10 per lot (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Currency Options | Rs 10 per lot (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Commodity Futures | 0.01% (both side) | Delivery: Rs 20 per trade | Intraday: Free |
| Commodity Options | Delivery: Rs 20 per trade | Intraday: Free | |
| Minimum Brokerage | Rs 25 for Delivery and Rs 12 for Intraday | Rs 21 per executed order |
| Other Charges | Minimum balance: Rs 1,000 | |
| Call & Trade Charges | Nil | Rs 50 per call |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while Kotak Securities exchange transaction charges for options is NSE: 0.05% on Premium.
| Motilal Oswal | Kotak Securities | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | NSE: 0.00325%, BSE: 0.00325% |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | NSE: 0.00325%, BSE: 0.00325% |
| Equity Futures | Rs 200 per Cr (0.002%) | NSE: 0.0019% |
| Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | NSE: 0.05% on Premium |
| Currency Futures | Rs 125 per Cr (0.00125%) | NSE: 0.0009%, BSE: 0.00022% |
| Currency Options | Rs 4200 per Cr (0.042%)(on premium) | NSE: 0.035%, BSE: 0.001% |
| Commodity | MCX: Rs 250 per Cr (0.0025%) | MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Kotak Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | Kotak Securities | |
|---|---|---|
| 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) |
The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. Kotak Securities offers Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite trading software.
| Motilal Oswal | Kotak Securities | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting | |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Orion Lite, MO Trader App | Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite |
| Intraday Square-off Time | ||
| Trading In SME Shares Allowed? | ||
| Referral Program | |
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| Other Features | 3-in-1 account | |
Motilal Oswal is rated 2.3 of 5 based on 127 customer reviews whereas Kotak Securities is rated 2.4 of 5 based on 178 customer reviews.
| Motilal Oswal | Kotak Securities | |
|---|---|---|
127 Customer Reviews  |
178 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.3 of 5 based on 127 customer reviews | Kotak Securities is rated 2.4 of 5 based on 178 customer reviews |
| Motilal Oswal Enquire | Kotak Securities Enquire | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Motilal Oswal | Kotak Securities | |
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| IPO | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance, Derivatives |
| Motilal Oswal | Kotak Securities | |
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| Bracket Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| Good Till Cancelled (GTC) | |
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| Motilal Oswal | Kotak Securities | |
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| Daily Market Report | |
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| Motilal Oswal | Kotak Securities | |
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| Motilal Oswal | Kotak Securities | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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