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

The side-by-side comparison of Motilal Oswal and Nirmal Bang. Compare Motilal Oswal Vs Nirmal Bang brokerage, charges, exposure margin, demat account. Read Nirmal Bang and Motilal Oswal review.

Find out Motilal Oswal Vs Nirmal Bang which is better and Motilal Oswal Vs Nirmal Bang which is best.

Our Motilal Oswal Securities Ltd comparison with Nirmal Bang Securities Pvt Ltd highlights the major differences between two brokers. Find the best between Motilal Oswal and Nirmal Bang.

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Motilal Oswal Vs 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 Default Plan 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.
Year of Incorporation 1987 1986
Number of Branches 305 2000
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Motilal Oswal Vs Nirmal Bang Charges

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Trading Account Opening Fees ₹1000 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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Motilal Oswal Vs Nirmal Bang Brokerage

Brokerage Plan 1

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Account Type Default Plan Basic Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.2%
Equity Intraday Brokerage 0.05% (both side) 0.02%
Equity Futures Brokerage 0.05% (both side) 0.02%
Equity Options Brokerage ₹100 per lot (both side) Rs 35
Currency Futures Trading Brokerage ₹20 per lot (both side) 0.02%
Currency Options Trading Brokerage ₹20 per lot (both side) Rs 20
Commodity Futures Trading Brokerage 0.05% (both side) 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 2

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

Brokerage Plan 3

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

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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Motilal Oswal Vs Nirmal Bang 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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Motilal Oswal Vs Nirmal Bang 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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Motilal Oswal Vs Nirmal Bang Exposure Margin

  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 Futures Intraday: 3 times | Carry forward position: no exposure Upto 3x
Commodity Options
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Motilal Oswal and Nirmal Bang Feature Comparison

  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) 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 Securities Ltd Nirmal Bang Securities Pvt Ltd
  82 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 2.6 stars Rated 2.6 stars
Broker Rating Motilal Oswal is Rated 2.6 / 5 based on 82 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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Motilal Oswal Vs Nirmal Bang Investment Options

  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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Motilal Oswal Vs Nirmal Bang Customer Service

  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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Motilal Oswal Vs Nirmal Bang Order Type Offered

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
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 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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Motilal Oswal Vs Nirmal Bang Suitable For Investor Type

  Motilal Oswal Securities Ltd Nirmal Bang Securities Pvt Ltd
Casual Investor Yes
Active Investor
Trader Yes
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Motilal Oswal Vs Nirmal Bang - Advantages and Disadvantages

  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.
  • Value pack brokerage plans are available for frequent traders.

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 (₹1000 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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