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Motilal Oswal Vs Nirmal Bang Share Broker Comparison

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

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
 
Motilal Oswal Securities Ltd Logo Nirmal Bang Securities Pvt 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 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 Kisho... Know more about Nirmal Bang Securities Pvt Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX, NMCE
Account Type Standard Account Basic 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 Nirmal Bang. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹0 Rs 0
Trading Account AMC ₹0 Rs 0
Demat Account Opening Fees ₹0 Rs 0
Demat Account AMC ₹299 (1st year free) Rs 200
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Account Type Standard Account Basic Plan
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% 0.2%
Equity Intraday Brokerage 0.015% to 0.05% 0.02%
Equity Futures Brokerage 0.015% to 0.05% 0.02%
Equity Options Brokerage ₹25 to ₹100 per Lot Rs 35
Currency Futures Trading Brokerage 0.05% 0.02%
Currency Options Trading Brokerage ₹20 per Lot Rs 20
Commodity Futures Trading Brokerage 0.05% 0.01%
Commodity Options Trading Brokerage No

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday
Other Brokerage Charges Minimum balance: ₹1,000
Call & Trade Charges Nil
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Taxes

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt 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 Nirmal Bang Securities Pvt Ltd
Equity Delivery NSE: 0.00335% | BSE: 0.01% ₹390
Equity Intraday NSE: 0.00325% | BSE: 0.002% ₹390
Equity Futures 0.002% ₹240
Equity Options NSE 0.0511% | BSE 0.002% (on premium) ₹5700
Currency Futures 0.00125% ₹240
Currency Options 0.042% (on premium) ₹5700
Commodity MCX: 0.0025% ₹250
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Exposure

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Equity Delivery 4 times upto 10x
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks Upto 4x
Equity Futures Intraday: 3 times | Carry forward position: no exposure Upto 4x
Equity Options No exposure Upto 2x for shorting
Currency Futures NA Upto 2x for shorting
Currency Options NA Upto 3x
Commodity Intraday: 3 times | Carry forward position: no exposure Upto 3x
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Share Broker Features

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
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 Available Yes Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
  79 Customer Reviews    Rate Motilal Oswal 14 Customer Reviews    Rate Nirmal Bang
Fees Ratings 2.9 3.7
Trading Brokerage Rating 2.5 3.5
Trading Platform Usability 3.1 2.7
Customer Service Ratings 2.8 2.5
Overall Ratings Rated 2.7 stars Rated 2.6 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews Nirmal Bang is Rated 2.6 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (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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Customer Service Offered

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

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

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Casual Investor Yes
Active Investor
Trader Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt 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...

  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

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...

  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.

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.

Enquire about Motilal Oswal Enquire about Nirmal Bang
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