Motilal Oswal Vs Nirmal Bang (Compare Motilal Oswal and Nirmal Bang)


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... Know more about Motilal Oswal Securities Ltd


Nirmal Bang
Incorporated in 1986, Nirmal Bang Securities Pvt Ltd., (Nirmal Bang) is amongst the top full-service broking houses, offering various financial products and services. The Nirmal Bang group of companies was founded by Nirmal Bang, Dilip Bang and Kishore Bang. Nirmal Bang offers trading services in equities, derivatives, commodities and currency. Stock trading is offered to retail clients through multiple channels including online trading in the BSE and the NSE. In addition to those services, the... Know more about Nirmal Bang Securities Pvt Ltd

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Motilal Oswal Vs Nirmal Bang

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 1986, Nirmal Bang is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NMCE. It has 2000 branches across India.

  Motilal Oswal Nirmal Bang
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Year of Incorporation 1987 1986
Number of Branches 305 2000
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Motilal Oswal Vs Nirmal Bang Charges & AMC

Motilal Oswal trading account opening charges is Rs 0 while Nirmal Bang account opening changes is Rs 0. Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and Nirmal Bang Demat Account AMC Charges is Rs 200.

  Motilal Oswal Nirmal Bang
Trading Account Opening Charges Rs 0 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Free (Rs 400 2nd year onward) Rs 200
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Motilal Oswal Vs Nirmal Bang Brokerage Charges & Plans

Motilal Oswal Vs Nirmal Bang Brokerage

Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas Nirmal Bang brokerage charges for equity is 0.2% and intraday is 0.02%.

  Motilal Oswal Nirmal Bang
Account Type Default Plan Basic Plan
Fixed Charges NA
Equity Delivery 0.50% 0.2%
Equity Intraday 0.05% (both side) 0.02%
Equity Futures 0.05% (both side) 0.02%
Equity Options Rs 100 per lot (both side) Rs 35
Currency Futures Rs 20 per lot (both side) 0.02%
Currency Options Rs 20 per lot (both side) Rs 20
Commodity Futures 0.05% (both side) 0.01%
Commodity Options
Special Offer
Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer

Motilal Oswal Vs Nirmal Bang Brokerage Plan 2

  Motilal Oswal Nirmal Bang
Account Type Value Pack (VP2KLT) Basic Plan
Fixed Charges Rs 2000 (one time fee) NA
Equity Delivery 0.40% 0.2%
Equity Intraday 0.04% (both side) 0.02%
Equity Futures 0.04% (both side) 0.02%
Equity Options Rs 50 per lot (both side) Rs 35
Currency Futures Rs 22 per lot (both side) 0.02%
Currency Options Rs 22 per lot (both side) Rs 20
Commodity Futures 0.04% (both side) 0.01%
Commodity Options
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Motilal Oswal Vs Nirmal Bang Brokerage Plan 3

  Motilal Oswal Nirmal Bang
Account Type Value Pack (VP1LACLT) Basic Plan
Fixed Charges Rs 1,00,000 (one time fee) NA
Equity Delivery 0.10% 0.2%
Equity Intraday 0.01% (both side) 0.02%
Equity Futures 0.01% (both side) 0.02%
Equity Options Rs 20 per lot (both side) Rs 35
Currency Futures Rs 10 per lot (both side) 0.02%
Currency Options Rs 10 per lot (both side) Rs 20
Commodity Futures 0.01% (both side) 0.01%
Commodity Options
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Motilal Oswal Charges Vs Nirmal Bang

Minimum Brokerage Rs 25 for Delivery and Rs 12 for Intraday
Other Charges Minimum balance: Rs 1,000
Call & Trade Charges Nil
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Motilal Oswal Vs Nirmal Bang Transaction Charges

Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while Nirmal Bang exchange transaction charges for options is Rs 5700.

  Motilal Oswal Nirmal Bang
Equity Delivery NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) Rs 390
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) Rs 390
Equity Futures Rs 200 per Cr (0.002%) Rs 240
Equity Options NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) Rs 5700
Currency Futures Rs 125 per Cr (0.00125%) Rs 240
Currency Options Rs 4200 per Cr (0.042%)(on premium) Rs 5700
Commodity MCX: Rs 250 per Cr (0.0025%) Rs 250
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Motilal Oswal Vs Nirmal Bang Leverage (Margin)

Motilal Oswal margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Nirmal Bang margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Motilal Oswal Nirmal Bang
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Motilal Oswal and Nirmal Bang Features

The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. Nirmal Bang offers Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App trading software.

  Motilal Oswal Nirmal Bang
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Orion Lite, MO Trader App Odin Diet, NB Trade, Beyond Mobile App, NB Back Office Mobile App
Intraday Square-off Time 3:15
Other Features
Referral Program Yes
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Motilal Oswal Vs Nirmal Bang Review

Motilal Oswal is rated 2.4 of 5 based on 114 customer reviews whereas Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews.

  Motilal Oswal Nirmal Bang
  114 Customer Reviews    Rate Motilal Oswal 19 Customer Reviews    Rate Nirmal Bang
Fees 2.8 3.6
Brokerage 2.3 3.5
Trading Platform 2.9 2.6
Customer Service 2.6 2.3
Research Capabilities 2.4 3.0
Overall Ratings Rated 2.4 stars Rated 2.6 stars
Broker Rating Motilal Oswal is rated 2.4 of 5 based on 114 customer reviews Nirmal Bang is rated 2.6 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Nirmal Bang Enquire
Contact Broker Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer
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Motilal Oswal Vs Nirmal Bang Investment Options

  Motilal Oswal Nirmal Bang
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives
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Motilal Oswal Vs Nirmal Bang Order Type Offered

  Motilal Oswal Nirmal Bang
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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Motilal Oswal Vs Nirmal Bang Research Report

  Motilal Oswal Nirmal Bang
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Motilal Oswal Vs Nirmal Bang Suitable For Investor Type

  Motilal Oswal Nirmal Bang
Casual Investor Yes
Active Investor
Trader Yes
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Motilal Oswal Vs Nirmal Bang - Pros and Cons

  Motilal Oswal Nirmal Bang
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.
  • Value pack brokerage plans are available for frequent traders.
  1. Low bandwidth option for anywhere access
  2. Free research report subscription
  3. 24X7 access to back-office
  4. Instant Fund transfer
  5. Multiple market watch facility with streaming quotes (Live Market Rates*)
  6. Trader can review their Margin Status, Holding Report, Order and Trade Book on a real time basis
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.
  1. Nirmal Bang doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Nirmal Bang doesn't have Brokerage calculator and Margin Calculator.
  4. Instant Fund withdrawal is not available
  5. Nirmal Bang is a full services broker so the brokerage charged by them is higher than the discount brokers.
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Promo / Offers

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, 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.

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