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.
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Motilal Oswal Securities Ltd |
Upstox |
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| 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
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Full Service Broker |
Discount Broker |
| Supported Exchnage
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BSE, NSE, MCX |
BSE, NSE, MCX |
| Account Type
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Standard Account |
Upstox Basic |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Motilal Oswal Securities Ltd |
Upstox |
| Trading Account Opening Fees
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₹0 |
₹150 (Eq and F&O), ₹150 (MCX) |
| Trading Account AMC
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₹0 |
₹0 |
| Demat Account Opening Fees
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₹0 |
₹0 |
| Demat Account AMC
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₹299 (1st year free) |
₹150 |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Motilal Oswal Securities Ltd |
Upstox |
| Account Type |
Standard Account |
Upstox Basic |
| Fixed Charges
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| Equity Delivery Brokerage
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0.15% to 0.50% |
₹0 |
| Equity Intraday Brokerage
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0.015% to 0.05% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Futures Brokerage
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0.015% to 0.05% |
₹20 per trade or 0.01% (whichever is lower) |
| Equity Options Brokerage
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₹25 to ₹100 per Lot |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Futures Trading Brokerage
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₹20 per Lot |
₹20 per trade or 0.01% (whichever is lower) |
| Currency Options Trading Brokerage
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₹20 per Lot |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Futures Trading Brokerage
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0.03% |
₹20 per trade or 0.01% (whichever is lower) |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Motilal Oswal Securities Ltd |
Upstox |
| Account Type |
Standard Account |
Upstox Priority |
| Fixed Charges
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₹0 |
| Equity Delivery Brokerage
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0.15% to 0.50% |
₹0 |
| Equity Intraday Brokerage
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0.015% to 0.05% |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Futures Brokerage
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0.015% to 0.05% |
₹30 per trade or 0.05% (whichever is lower) |
| Equity Options Brokerage
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₹25 to ₹100 per Lot |
₹30 per trade or 0.05% (whichever is lower) |
| Currency Futures Trading Brokerage
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₹20 per Lot |
₹30 per trade or 0.05% (whichever is lower) |
| Currency Options Trading Brokerage
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₹20 per Lot |
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Futures Trading Brokerage
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0.03% |
₹30 per trade or 0.05% (whichever is lower) |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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₹25 for Delivery and ₹12 for Intraday |
₹0 |
| Other Brokerage Charges
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Minimum balance: ₹1,000 |
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| Call & Trade Charges
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₹20 per trade |
Taxes
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Motilal Oswal Securities Ltd |
Upstox |
| Securities Transaction Tax (STT)
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- 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)
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- 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)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Motilal Oswal Securities Ltd |
Upstox |
| Equity Delivery
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NSE: 0.00335% | BSE: 0.01% |
NSE ₹325 | BSE ₹275 |
| Equity Intraday
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NSE: 0.00325% | BSE: 0.002% |
NSE ₹325 | BSE ₹275 |
| Equity Futures
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0.002% |
NSE ₹210 |
| Equity Options
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NSE 0.0511% | BSE 0.002% (on premium) |
NSE ₹5500 |
| Currency Futures
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0.00125% |
₹150 |
| Currency Options
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0.042% (on premium) |
₹6000 |
| Commodity
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MCX: 0.0025% |
MCX ₹260/Cr |
Exposure
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Motilal Oswal Securities Ltd |
Upstox |
| Equity Delivery
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4 times |
1x |
| Equity Intraday
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20 time for Margin+ (Over 140 Stocks), 4 times for other stocks |
Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x |
| Equity Futures
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Intraday: 3 times | Carry forward position: no exposure |
Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x |
| Equity Options
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No exposure |
Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Currency Futures
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NA |
Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Currency Options
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NA |
Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x |
| Commodity
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Intraday: 3 times | Carry forward position: no exposure |
Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x |
Share Broker Features
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Motilal Oswal Securities Ltd |
Upstox |
| 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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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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Orion Lite |
Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
| Intraday Square-off Time
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3:15 PM |
| Other Features
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Broker Ratings (Average User Rating)
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Motilal Oswal Securities Ltd |
Upstox |
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79 Customer Reviews  |
49 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews |
Upstox is Rated 2.6 / 5 based on 49 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Motilal Oswal Securities Ltd |
Upstox |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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PMS, Fixed Deposits, Insurance, Derivatives |
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Customer Service Offered
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Motilal Oswal Securities Ltd |
Upstox |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Motilal Oswal Securities Ltd |
Upstox |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Motilal Oswal Securities Ltd |
Upstox |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Motilal Oswal Securities Ltd |
Upstox |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Motilal Oswal Securities Ltd |
Upstox |
| Pros
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- 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
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- 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.
- Upstox doesn't offer NRI Trading and Demat Account.
More Disadvantages... |
| Reviews
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Useful articles about Upstox:
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| Promo / Offers
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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.
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Enquire about Motilal Oswal
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Enquire about Upstox
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Zero Account Opening Fee