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Motilal Oswal Vs Wisdom Capital Share Broker Comparison

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

  Motilal Oswal Securities Ltd Wisdom Capital
 
Motilal Oswal Securities Ltd Logo Wisdom Capital 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 2013, Wisdom Capital is an online discount brokerage firm offering brokerage services for stocks, future and options, currency and commodities on NSE, BSE, MCX & NCDEX. Wisdom Capital Group offers broker assisted trade execution an... Know more about Wisdom Capital
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Standard Account Rs 9 per trade 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 Wisdom Capital. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd Wisdom Capital
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 999 (Lifetime)
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd Wisdom Capital
Account Type Standard Account Rs 9 per trade plan
Fixed Charges
Equity Delivery Brokerage 0.15% to 0.50% Rs 9
Equity Intraday Brokerage 0.015% to 0.05% Rs 9
Equity Futures Brokerage 0.015% to 0.05% Rs 9
Equity Options Brokerage ₹25 to ₹100 per Lot Rs 9
Currency Futures Trading Brokerage 0.05% Rs 9
Currency Options Trading Brokerage ₹20 per Lot Rs 9
Commodity Futures Trading Brokerage 0.05% Rs 9
Commodity Options Trading Brokerage No

Brokerage Plan 2

  Motilal Oswal Securities Ltd Wisdom Capital
Account Type Standard Account Rs 999 per month plan
Fixed Charges Rs 999
Equity Delivery Brokerage 0.15% to 0.50% Rs 0
Equity Intraday Brokerage 0.015% to 0.05% Rs 0
Equity Futures Brokerage 0.015% to 0.05% Rs 0
Equity Options Brokerage ₹25 to ₹100 per Lot Rs 0
Currency Futures Trading Brokerage 0.05% Rs 0
Currency Options Trading Brokerage ₹20 per Lot Rs 0
Commodity Futures Trading Brokerage 0.05% Rs 0
Commodity Options Trading Brokerage No

Brokerage Plan 3

  Motilal Oswal Securities Ltd Wisdom Capital
Account Type Standard Account Rs 5555 per year plan
Fixed Charges Rs 5555
Equity Delivery Brokerage 0.15% to 0.50% Rs 0
Equity Intraday Brokerage 0.015% to 0.05% Rs 0
Equity Futures Brokerage 0.015% to 0.05% Rs 0
Equity Options Brokerage ₹25 to ₹100 per Lot Rs 0
Currency Futures Trading Brokerage 0.05% Rs 0
Currency Options Trading Brokerage ₹20 per Lot Rs 0
Commodity Futures Trading Brokerage 0.05% Rs 0
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 Wisdom Capital
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 Wisdom Capital
Equity Delivery NSE: 0.00335% | BSE: 0.01% 0.0035%
Equity Intraday NSE: 0.00325% | BSE: 0.002% 0.0035%
Equity Futures 0.002% 0.0028%
Equity Options NSE 0.0511% | BSE 0.002% (on premium) 0.06% (on premium)
Currency Futures 0.00125%
Currency Options 0.042% (on premium)
Commodity MCX: 0.0025% 0.0025%
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Exposure

  Motilal Oswal Securities Ltd Wisdom Capital
Equity Delivery 4 times 5x to 40x (dependent on brokerage plan)
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks 5x to 40x (dependent on brokerage plan)
Equity Futures Intraday: 3 times | Carry forward position: no exposure 5x to 20x (dependent on brokerage plan)
Equity Options No exposure 5x to 40x (dependent on brokerage plan)
Currency Futures NA 4x to 15x (dependent on brokerage plan)
Currency Options NA 4x to 15x (dependent on brokerage plan)
Commodity Intraday: 3 times | Carry forward position: no exposure 5x to 20x (dependent on brokerage plan)
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Share Broker Features

  Motilal Oswal Securities Ltd Wisdom Capital
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes Yes
Online Demo Yes No
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 NEST
Intraday Square-off Time
Other Features
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Wisdom Capital
  79 Customer Reviews    Rate Motilal Oswal 21 Customer Reviews    Rate Wisdom Capital
Fees Ratings 2.9 3.8
Trading Brokerage Rating 2.5 4.2
Trading Platform Usability 3.1 3.2
Customer Service Ratings 2.8 3.1
Overall Ratings Rated 2.7 stars Rated 3.4 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews Wisdom Capital is Rated 3.4 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Securities Ltd Wisdom Capital
Contact / Request Call Back
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Investment Options Available

  Motilal Oswal Securities Ltd Wisdom Capital
Stock / Equity Yes No
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Bond / NCD Yes No
Debt Yes No
Other Investment Options PMS, Fixed Deposits, Insurance, Derivatives
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Customer Service Offered

  Motilal Oswal Securities Ltd Wisdom Capital
24/7 Customer Service Yes No
Onine Live Chat No Yes
Through Branches Yes No
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Order Type

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

  Motilal Oswal Securities Ltd Wisdom Capital
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes No
News Alerts Yes No
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Suitable for Investor Category

  Motilal Oswal Securities Ltd Wisdom Capital
Casual Investor
Active Investor
Trader Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Wisdom Capital
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. Trade all market segments i.e. NSE Cash, F&O, Currency and MCX Commodities with single trading terminal.
  2. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  3. Trading Software's including website, mobile app and installable trading terminals are available for free.
  4. No minimum brokerage.
  5. They allow to trade Nifty with 3000, Crude with 3000 & Mega Gold with 9000 margins.
  6. They offers semi & fully automated Algo trading.

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...

  • Wisdom Capital doesn't offer 3-in-1 account.
  • Wisdom Capital doesn't offer facility to invest in IPO, FPO, Mutual Funds, FDs, NCDs and Offer For Sale (OFS).
  • Algo trading is available with additional charges at Rs 550/pm for semi automated trading.

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 Wisdom Capital
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