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Motilal Oswal Vs Upstox Share Broker Comparison

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

	Motilal Oswal Securities Ltd	Upstox
	Motilal Oswal Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	Upstox Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

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...	Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ...
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnage	BSE, NSE, MCX	BSE, NSE, MCX
Account Type	Standard Account	Upstox Basic
Broker Enquiry

Stock Broker Fees / Charges

	Motilal Oswal Securities Ltd	Upstox
Trading Account Opening Fees	₹0	₹150 (Eq and F&O), ₹150 (MCX)
Trading Account AMC	₹0	₹0
Demat Account Opening Fees	₹0	₹0
Demat Account AMC	₹299 (1st year free)	₹150 (paid upfront)
Demat Account is Mandatory?	No	No

Trading Brokerage Charges

Brokerage Plan 1

	Motilal Oswal Securities Ltd	Upstox
Account Type	Standard Account	Upstox Basic
Fixed Charges
Equity Delivery Brokerage	0.15% to 0.50%	₹0
Equity Intraday Brokerage	0.015% to 0.05%	₹20 per trade or 0.01% (whichever is lower)
Equity Futures Brokerage	0.015% to 0.05%	₹20 per trade or 0.01% (whichever is lower)
Equity Options Brokerage	₹25 to ₹100 per Lot	₹20 per trade or 0.01% (whichever is lower)
Currency Futures Trading Brokerage	₹20 per Lot	₹20 per trade or 0.01% (whichever is lower)
Currency Options Trading Brokerage	₹20 per Lot	₹20 per trade or 0.01% (whichever is lower)
Commodity Futures Trading Brokerage	0.03%	₹20 per trade or 0.01% (whichever is lower)
Commodity Options Trading Brokerage

Brokerage Plan 2

	Motilal Oswal Securities Ltd	Upstox
Account Type	Standard Account	Upstox Priority
Fixed Charges		₹0
Equity Delivery Brokerage	0.15% to 0.50%	₹0
Equity Intraday Brokerage	0.015% to 0.05%	₹30 per trade or 0.05% (whichever is lower)
Equity Futures Brokerage	0.015% to 0.05%	₹30 per trade or 0.05% (whichever is lower)
Equity Options Brokerage	₹25 to ₹100 per Lot	₹30 per trade or 0.05% (whichever is lower)
Currency Futures Trading Brokerage	₹20 per Lot	₹30 per trade or 0.05% (whichever is lower)
Currency Options Trading Brokerage	₹20 per Lot	₹30 per trade or 0.05% (whichever is lower)
Commodity Futures Trading Brokerage	0.03%	₹30 per trade or 0.05% (whichever is lower)
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges	₹25 for Delivery and ₹12 for Intraday	₹0
Other Brokerage Charges	Minimum balance: ₹1,000
Call & Trade Charges		₹20 per trade

Taxes

	Motilal Oswal Securities Ltd	Upstox
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.

Transaction Charges

	Motilal Oswal Securities Ltd	Upstox
Equity Delivery	NSE: 0.00335% \| BSE: 0.01%	NSE ₹325 \| BSE ₹275
Equity Intraday	NSE: 0.00325% \| BSE: 0.002%	NSE ₹325 \| BSE ₹275
Equity Futures	0.002%	NSE ₹210
Equity Options	NSE 0.0511% \| BSE 0.002% (on premium)	NSE ₹5500
Currency Futures	0.00125%	₹150
Currency Options	0.042% (on premium)	₹6000
Commodity	MCX: 0.0025%	MCX ₹260/Cr

Exposure

	Motilal Oswal Securities Ltd	Upstox
Equity Delivery	20x for Margin+ (Over 140 Stocks), 4x for other stocks	1x
Equity Intraday	20x for Margin+ (Over 140 Stocks), 4x for other stocks	Regular: 15x \| Priority Pack: 20x \| Regular CO: 20x \| Priority Pack CO: 25x
Equity Futures	Intraday - Upto 2x, 4x for CO	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 6x
Equity Options	NA	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 5x
Currency Futures	NA	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 5x
Currency Options	NA	Regular: 4x \| Priority Pack: 4x \| Regular CO: 4x \| Priority Pack CO: 5x
Commodity	Up to 3-4 times	Regular: 2.5x \| Priority Pack: 3x \| Regular CO: 3x \| Priority Pack CO: 4x

Share Broker Features

	Motilal Oswal Securities Ltd	Upstox
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Orion Lite	Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola
Intraday Square-off Time		3:15 PM
Other Features

Broker Ratings (Average User Rating)

	Motilal Oswal Securities Ltd	Upstox
	78 Customer Reviews	45 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Motilal Oswal is Rated 2.7 / 5 based on 78 customer reviews	Upstox is Rated 2.5 / 5 based on 45 customer reviews

Contact Broker / Request A Call Back

	Motilal Oswal Securities Ltd	Upstox
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

Investment Options Available

	Motilal Oswal Securities Ltd	Upstox
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	PMS, Fixed Deposits, Insurance, Derivatives

Customer Service Offered

	Motilal Oswal Securities Ltd	Upstox
24/7 Customer Service
Onine Live Chat
Through Branches

Order Type

	Motilal Oswal Securities Ltd	Upstox
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Research / Tips / Reports Published

	Motilal Oswal Securities Ltd	Upstox
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	Motilal Oswal Securities Ltd	Upstox
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	Motilal Oswal Securities Ltd	Upstox
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...	Upstox basic plan offers brokerage free trading in Equity Delivery segment. No brokerage for equity delivery trades. Free trading software including mobile and web trading app. Advance orders including AMO, CO and BO are available. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all. AmiBroker connector available for Algo Trading. Mutual Funds are available for investment. Higher leverage is available under different brokerage plan. 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...	No margin funding. No equity 'good till cancelled' orders. Unlimited monthly plans not available. Additional fee for call & trader. Additional fee for square off done by the broker. Higher demat debit transaction charges. Online IPO, FPO, Bonds and NCD's are not available. No stock tips or recommendations. More Disadvantages...
Reviews		Useful articles about Upstox: Upstox Trading Platform by RKSV - Review, FAQ and Detail
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.	Get Account Opening Fee Refunded Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition get you account opening fees refunded as brokerage cashback. To open an account with Upstox, simply leave your contact information with us and Upstox representatives will call you.
	Enquire about Motilal Oswal	Enquire about Upstox
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