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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 SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders.
SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians 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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.
| Motilal Oswal | SBI Securities | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE |
| Year of Incorporation | 1987 | 2001 |
| Number of Branches | 305 | 117 |
Motilal Oswal trading account opening charges is Rs 0 while SBI Securities account opening changes is Rs 850. Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and SBI Securities Demat Account AMC Charges is Rs 350.
| Motilal Oswal | SBI Securities | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 850 |
| 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 350 |
Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.
| Account Type | Motilal Oswal Default Plan | SBI Securities eZ-trade |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% (both side) | 0.05% |
| Equity Futures | 0.05% (both side) | 0.05% |
| Equity Options | Rs 100 per lot (both side) | Rs 100 per lot |
| Currency Futures | Rs 20 per lot (both side) | 0.03% |
| Currency Options | Rs 20 per lot (both side) | Rs 30 per lot |
| Commodity Futures | 0.05% (both side) | NA |
| Commodity Options | NA | |
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| Motilal Oswal | SBI Securities | |
|---|---|---|
| Account Type | Value Pack (VP2KLT) | eZ-trade |
| Fixed Charges | Rs 2000 (one time fee) | |
| Equity Delivery | 0.40% | 0.50% |
| Equity Intraday | 0.04% (both side) | 0.05% |
| Equity Futures | 0.04% (both side) | 0.05% |
| Equity Options | Rs 50 per lot (both side) | Rs 100 per lot |
| Currency Futures | Rs 22 per lot (both side) | 0.03% |
| Currency Options | Rs 22 per lot (both side) | Rs 30 per lot |
| Commodity Futures | 0.04% (both side) | NA |
| Commodity Options | NA | |
| Motilal Oswal | SBI Securities | |
|---|---|---|
| Account Type | Value Pack (VP1LACLT) | eZ-trade |
| Fixed Charges | Rs 1,00,000 (one time fee) | |
| Equity Delivery | 0.10% | 0.50% |
| Equity Intraday | 0.01% (both side) | 0.05% |
| Equity Futures | 0.01% (both side) | 0.05% |
| Equity Options | Rs 20 per lot (both side) | Rs 100 per lot |
| Currency Futures | Rs 10 per lot (both side) | 0.03% |
| Currency Options | Rs 10 per lot (both side) | Rs 30 per lot |
| Commodity Futures | 0.01% (both side) | NA |
| Commodity Options | NA | |
| Minimum Brokerage | Rs 25 for Delivery and Rs 12 for Intraday | Rs 0.05 for Cash, Rs 0.01 Future |
| Other Charges | Minimum balance: Rs 1,000 | |
| Call & Trade Charges | Nil | Rs 10 per call (after 30 free calls a month) |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while SBI Securities exchange transaction charges for options is NSE: 0.05515% (Rs 5515/Crore).
| Motilal Oswal | SBI Securities | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | NSE: 0.00386% | BSE: 0.00384% |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | NSE: 0.00386% | BSE: 0.00384% |
| Equity Futures | Rs 200 per Cr (0.002%) | NSE: 0.002206% (Rs 221/Crore) |
| Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | NSE: 0.05515% (Rs 5515/Crore) |
| Currency Futures | Rs 125 per Cr (0.00125%) | 0.002206% |
| Currency Options | Rs 4200 per Cr (0.042%)(on premium) | NSE: 0.05515% (Rs 5515/Crore) |
| Commodity | MCX: Rs 250 per Cr (0.0025%) | |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the SBI Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | SBI 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. SBI Securities offers SBI Smart Express, SBI Smart Web, SBI Smart Mobile trading software.
| Motilal Oswal | SBI 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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| Trading Platform | Orion Lite, MO Trader App | SBI Smart Express, SBI Smart Web, SBI Smart Mobile |
| Intraday Square-off Time | 2:45 PM | |
| Trading In SME Shares Allowed? | ||
| Referral Program | |
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| Other Features | ||
Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews whereas SBI Securities is rated 2.5 of 5 based on 153 customer reviews.
| Motilal Oswal | SBI Securities | |
|---|---|---|
126 Customer Reviews  |
153 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews | SBI Securities is rated 2.5 of 5 based on 153 customer reviews |
| Motilal Oswal Enquire | SBI 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 | SBI Securities | |
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| Commodity | |
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| IPO | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance, Derivatives |
| Motilal Oswal | SBI 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 | SBI Securities | |
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| Daily Market Report | |
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| Motilal Oswal | SBI Securities | |
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| Motilal Oswal | SBI 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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