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Motilal Oswal Vs Zerodha (Compare Motilal Oswal and Zerodha)

Motilal Oswal Securities Ltd Logo

About Motilal Oswal
With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Adviso... Know more about Motilal Oswal Securities Ltd

Zerodha Logo

About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde... Know more about Zerodha

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Motilal Oswal Vs Zerodha

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 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India.

  Motilal Oswal Zerodha
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE, BSE, MCX and NCDEX
Year of Incorporation 1987 2010
Number of Branches 305 22
Open Motilal Oswal AccountOpen Zerodha Account

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Motilal Oswal Vs Zerodha Charges & AMC

Motilal Oswal trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 0. Motilal Oswal Demat Account AMC Charges is Rs 199 (Free for 1st Year) and Zerodha Demat Account AMC Charges is Rs 300.

  Motilal Oswal Zerodha
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 199 (Free for 1st Year) Rs 300

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Motilal Oswal Vs Zerodha Brokerage

Motilal Oswal brokerage charges for equity is 0.20% and intraday is Rs 0 (Free for lifetime) whereas Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower.

Account Type Motilal Oswal Default Plan Zerodha Flat Brokerage Plan
Fixed Charges NA
Equity Delivery 0.20% Rs 0 (Free)
Equity Intraday Rs 0 (Free for lifetime) Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.02% Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 20 per lot Rs 20 per executed order
Currency Futures Rs 20 per lot Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per lot Rs 20 per executed order
Commodity Futures 0.02% Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 200 Per Lot Rs 20 per executed order
Special Offer
Special Offer: FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.
Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

Motilal Oswal Charges Vs Zerodha

Minimum Brokerage Rs 25 for Delivery 0.03% in Intraday and F&O
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Free Rs 50 per executed order

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Motilal Oswal Vs Zerodha Transaction Charges

Motilal Oswal transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium).

  Motilal Oswal Zerodha
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity MCX: Rs 250 per Cr (0.0025%) Group A - Rs 260 per Cr (0.0026%)
Open Motilal Oswal AccountOpen Zerodha Account

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Motilal Oswal Vs Zerodha Leverage (Margin)

Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Zerodha margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Motilal Oswal Zerodha
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)
Open Motilal Oswal AccountOpen Zerodha Account

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Compare Motilal Oswal and Zerodha Features

The trading platforms offered Motilal Oswal include MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE. Zerodha offers Kite Web, Kite Mobile for Android/iOS and Coin trading software.

  Motilal Oswal Zerodha
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform MO Investor App, MO Trader App, MO Trader Web, MO Trader EXE Kite Web, Kite Mobile for Android/iOS and Coin
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close
Trading In SME Shares Allowed? Yes
Referral Program Yes Yes
Other Features Direct Mutual Funds, APIs for Algo Trading
Open Motilal Oswal AccountOpen Zerodha Account

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Motilal Oswal Vs Zerodha Review

Motilal Oswal is rated 2.2 of 5 based on 138 customer reviews whereas Zerodha is rated 3.6 of 5 based on 483 customer reviews.

  Motilal Oswal Zerodha
  138 Customer Reviews    Rate Motilal Oswal 483 Customer Reviews    Rate Zerodha
Fees 2.7 3.6
Brokerage 2.1 4.2
Trading Platform 2.9 3.6
Customer Service 2.5 3.4
Research Capabilities 2.2 2.8
Overall Ratings Rated 2.2 stars Rated 3.6 stars
Broker Rating Motilal Oswal is rated 2.2 of 5 based on 138 customer reviews Zerodha is rated 3.6 of 5 based on 483 customer reviews

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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Zerodha Enquire
Contact Broker FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today.

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Motilal Oswal Vs Zerodha Investment Options

  Motilal Oswal Zerodha
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes No
Other Investment Options PMS, Fixed Deposits, Insurance

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Motilal Oswal Vs Zerodha Order Type Offered

  Motilal Oswal Zerodha
Bracket Order Yes No
Cover Order Yes Yes
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
Open Motilal Oswal AccountOpen Zerodha Account

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Motilal Oswal Vs Zerodha Research Report

  Motilal Oswal Zerodha
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Motilal Oswal Vs Zerodha Suitable For Investor Type

  Motilal Oswal Zerodha
Casual Investor Yes
Active Investor Yes
Trader Yes Yes

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Motilal Oswal Vs Zerodha - Pros and Cons

  Motilal Oswal Zerodha
Pros
  1. 35+ years of Trading and Investing experience - Known for their Research in the industry and Wealth Creation Studies by Mr Raamdeo Agarwal who is also known as the "Warren Buffett of India"
  2. Free Equity Intraday Trading for Lifetime.
  3. Free 1st Month FnO Brokerage up to Rs 1,000
  4. Wide range of investment options - Stocks, Derivatives (Futures & Options), commodities, currencies, IPO, mutual funds, insurance, fixed deposits, Gold, US stocks, Sovereign Gold Bonds, Smallcase expert-curated ready investment baskets, and Intelligent Advisory Portfolios
  5. Investors can also buy shares of unlisted companies through PMS services offered by Motilal Oswal
  6. Up to 4X margin on a select range of stocks to make the most of your capital
  7. Free daily expert research and advisory calls along with a Personal Advisor to help you invest
  8. Free Trading Software - Different Apps for Investors and Traders
  9. Access to Options Store - Multi-leg options strategy, powered by expert mind and AI algorithm
  10. Access to MO Exclusive Smallcase - MO expert-curated small cases for all beginners
  11. Stock SIP feature - invest regularly in a stock you love
  12. Free and early access to Investor Community - StoCoMo
  • Free account opening for people under 25.
  • India's leading broker in terms of the number of active clients, exchange volume and brokerage revenue.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
Cons
  • Very high brokerage across all trading segments compared to other full-service brokers like Angel Broking, Edelweiss, Sharekhan, and IIFL.
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
Reviews
Promo / Offers

Motilal Oswal Special Offer

FREE Account Opening (for a limited time only)

  • Get FREE Account Opening,
  • Free Intraday Trades,
  • Free F&O brokerage for 1st Month,
  • FREE Personal Advisor and Research,
  • FREE for 1st Year Demat AMC.

This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes.

Zerodha Special Offer

Free stock trading and mutual funds

  • Free account opening for all people.
  • Brokerage-free share delivery trades and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment + +
  • Trade with the best trading platform in India.

This is a limited time offer. Open an instant Zerodha account online and start trading today.

Open Motilal Oswal AccountOpen Zerodha Account

Frequently Asked Questions

  1. 1. Which is better Motilal Oswal or Zerodha?

    Zerodha is an online discount broker offering only trading and investment services. Motilal Oswal is a full-service broker that provides a range of add-on services like research, advisory and PMS services along with trading.

    Zerodha is suitable for investors who can manage to trade on their own while; Motilal Oswal is suitable for traders who require hand-holding, trading assistance and tips.

    Key features of Motilal Oswal:

    • Free account opening.
    • Option for Zero AMC for a lifetime.
    • Research and advisory services.
    • Customized brokerage schemes.
    • Personalized in-person assistance.
    • Offline branch support.
    • Margin funding.
    • Bracket Order available.
    • Wide range of investment products,

    Key features of Zerodha:

    • India's No.1 discount broker.
    • Technologically advanced and robust trading platforms.
    • Low-cost brokerage services. Charge flat Rs 20 per trade for Intraday and F&O trading at BSE, NSE and MCX.
    • Brokerage-free Equity Delivery trading.

     

  2. 2. Motilal Oswal vs Zerodha, which is better?

    Zerodha and Motilal Oswal are different types of brokers. Zerodha is an online discount broker offering only trading services whereas, Motilal Oswal is a full-service broker offering trading, PMS, research, and advisory services.

    Zerodha vs Motilal Oswal

    Factor

    Zerodha

    Motilal Oswal

    Brokerage

    Rs 0 brokerage for equity delivery and flat Rs 20 per trade for Intraday and F&O trading at BSE, NSE and MCX.

    Customized percentage-based brokerage plans to suit the trading requirement of every investor.

    Account Opening Fees

    Rs. 200

    Free

    Demat AMC

    Rs.300

    Rs 400

    Products

    Equity, F&O, Currency, Commodities, IPO, Mutual Funds

    Equity, F&O, Currency, Commodities, IPO, Mutual Funds, Digital Gold, Corporate FDs, Loans, Insurance and PMS.

    Research Services

    No

    Yes

    Relationship Manager

    No

    Yes

    Offline Branch Support

    No

    Yes

    Margin Funding

    No

    Yes

     

  3. 3. Compare Motilal Oswal and Zerodha?

    Motilal Oswal and Zerodha

    Motilal Oswal

    Zerodha

    Full-Service Broker

    Discount Broker

    Branches spread all over the country with offices in over 570+ cities

    No branches

    Personalized services through relationship manager.

    No personalized services.

    Provides research and trading tips.

    No research and recommendations are provided.

    Offers free account opening

    Charges Rs. 200 towards account opening.

    Option to choose from various brokerage schemes.

    One brokerage scheme across all investors.

    Rs 400 as Demat account AMC

    Rs 300 as Demat account AMC

    Offers Mutual Funds, Insurance, Corporate FDs Digital gold, Bonds, IPO and Loans apart from trading in Equity, F&O, Currency and Commodity.

    Offer Mutual funds and online IPO apart from trading in Equity, F&O, Currency and Commodity.

    Offers margin funding.

    No margin funding.

    Undertakes proprietary trading.

    Does not undertake proprietary trading

     

  4. 4. Is Motilal Oswal better than Zerodha?

    Motilal Oswal is a full-service broker that provides a wide range of products and services. Zerodha is India's number 1 online discount broker offering online trading services.

    Motilal Oswal and Zerodha belong to different categories of the broker. Thus, their suitability differs based on the customer trading needs. Zerodha is suitable for customers who can trade online independently using its mobile and web apps. Motilal Oswal is apt for customers who need personalised services, trading tips and local support.

    Motilal Oswal is better than Zerodha on the following grounds

    • Wide range of products and services- Equity, F&O, Commodity, Currency, IPO, Mutual Funds, Insurance, Corporate FD, Digital Gold, Portfolio Management Services and Loans.
    • Various customized brokerage schemes.
    • Online and offline trading facility.
    • Relationship manager services for in-person assistance.
    • Offers research and advisory services.
    • Offline branch support through a network of branches.
    • Provides margin trading facility.

    Zerodha is better than Motilal on the following grounds

    • Zerodha offers brokerage-freeDirect Mutual Funds and Equity Delivery trades.
    • Zerodha has a superior trading platform Kite (Web and mobile).
    • Zerodha is a technology-driven company.

     

  5. 5. Is Zerodha better than Motilal Oswal?

    Zerodha is the number one stock broker in India by the number of clients. It offers online trading and investment services. Motilal Oswal is a full-service broker that provides tips, research, recommendation, PMS and advisory services.

    Zerodha is better than Motilal Oswal on the following grounds

    • Low-cost brokerage services.
    • Brokerage-free Equity Delivery trading.
    • Brokerage-free Mutual Fund investment.
    • Flat brokerage model with Simple and transparent pricing.
    • Advanced trading platforms.
    • India's No.1 discount broker that pioneered online discount broking business in India.

    Zerodha and Motilal Oswal belong to different categories of the broker. Thus, their suitability differs based on the trading needs of each investor. Zerodha is for stock market investors/traders who can trade by themselves with minimum or no help from the broker. Motilal Oswal offers in-person services, trading tips and local support, but at a very high brokerage cost.

     


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