Free Trading + Demat Account

Motilal Oswal Vs Zerodha (Compare Motilal Oswal and Zerodha)

The side-by-side comparison of Motilal Oswal and Zerodha. Compare Motilal Oswal Vs Zerodha brokerage, charges, exposure margin, demat account. Read Zerodha and Motilal Oswal review.

Find out Motilal Oswal Vs Zerodha which is better and Motilal Oswal Vs Zerodha which is best.

Our Motilal Oswal Securities Ltd comparison with Zerodha highlights the major differences between two brokers. Find the best between Motilal Oswal and Zerodha.

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Motilal Oswal Vs Zerodha

  Motilal Oswal Zerodha
Find more info about broker
Motilal Oswal Securities Ltd Logo Zerodha 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 Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX NSE, BSE, MCX and NCDEX
Account Type Default Plan Standard 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 Zerodha. Leave your contact info and we will get in touch with you.
Year of Incorporation 1987 2010
Number of Branches 305 22
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Motilal Oswal Vs Zerodha Charges

  Motilal Oswal Zerodha
Trading Account Opening Fees ₹0 ₹200
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹100
Demat Account AMC Free (₹400 2nd year onward) ₹300
Demat Account is Mandatory? No No
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Motilal Oswal Vs Zerodha Brokerage

Brokerage Plan 1

  Motilal Oswal Zerodha
Account Type Default Plan Standard Plan
Fixed Charges
Equity Delivery Brokerage 0.50% ₹0 (Free)
Equity Intraday Brokerage 0.05% (both side) ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.05% (both side) ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹100 per lot (both side) ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹20 per lot (both side) ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹20 per lot (both side) ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.05% (both side) ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Motilal Oswal Zerodha
Account Type Value Pack (VP2KLT) Standard Plan
Fixed Charges ₹2000 (one time fee)
Equity Delivery Brokerage 0.40% ₹0 (Free)
Equity Intraday Brokerage 0.04% (both side) ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.04% (both side) ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹50 per lot (both side) ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹22 per lot (both side) ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹22 per lot (both side) ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.04% (both side) ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 3

  Motilal Oswal Zerodha
Account Type Value Pack (VP1LACLT) Standard Plan
Fixed Charges ₹1,00,000 (one time fee)
Equity Delivery Brokerage 0.10% ₹0 (Free)
Equity Intraday Brokerage 0.01% (both side) ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage 0.01% (both side) ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage ₹20 per lot (both side) ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage ₹10 per lot (both side) ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage ₹10 per lot (both side) ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage 0.01% (both side) ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges ₹25 for Delivery and ₹12 for Intraday ₹0
Other Brokerage Charges Minimum balance: ₹1,000 Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges Nil ₹20 per executed order
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Motilal Oswal Vs Zerodha Taxes

  Motilal Oswal Zerodha
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Motilal Oswal Vs Zerodha Transaction Charges

  Motilal Oswal Zerodha
Equity Delivery NSE: 0.00335% | BSE: 0.01% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday NSE: 0.00325% | BSE: 0.002% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures 0.002% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options NSE 0.0511% | BSE 0.002% (on premium) NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures 0.00125% NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options 0.042% (on premium) NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity MCX: 0.0025% Group A - ₹260 per Cr (0.0026%)
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Motilal Oswal Vs Zerodha Exposure Margin

  Motilal Oswal Zerodha
Equity Delivery 4 times 1x (no margin)
Equity Intraday 20 time for Margin+ (Over 140 Stocks), 4 times for other stocks Up to 20x (based on the stock)
Equity Futures Intraday: 3 times | Carry forward position: no exposure Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options No exposure Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Futures NA Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency Options NA Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity Futures Intraday: 3 times | Carry forward position: no exposure Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity Options
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Motilal Oswal and Zerodha Feature Comparison

  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 Available Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Orion Lite, MO Trader App Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile
Intraday Square-off Time 3:10 PM
Other Features Direct Mutual Funds, APIs
Referral Program Yes Yes
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Motilal Oswal Vs Zerodha Review

  Motilal Oswal Zerodha
  84 Customer Reviews    Rate Motilal Oswal 351 Customer Reviews    Rate Zerodha
Fees Ratings 2.9 3.8
Trading Brokerage Rating 2.5 4.4
Trading Platform Usability 3.1 3.6
Customer Service Ratings 2.8 3.5
Overall Ratings Rated 2.6 stars Rated 3.8 stars
Broker Rating Motilal Oswal is Rated 2.6 / 5 based on 84 customer reviews Zerodha is Rated 3.8 / 5 based on 351 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Zerodha Enquire
Contact Broker
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Motilal Oswal Vs Zerodha Investment Options

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

  Motilal Oswal Zerodha
24/7 Customer Service Yes No
Onine Live Chat No No
Through Branches Yes No
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Motilal Oswal Vs Zerodha Order Type Offered

  Motilal Oswal Zerodha
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes No
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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
Active Investor Yes
Trader Yes Yes
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Motilal Oswal Vs Zerodha - Advantages and Disadvantages

  Motilal Oswal Zerodha
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.
  • Value pack brokerage plans are available for frequent traders.

More Advantages...

  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

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...

  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

More Disadvantages...

Reviews
Promo / Offers

Free (Trading & Demat Account) + Free Brokerage for 1st Month

Motilal Oswal offers FREE Trading + Demat Account (₹1000 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.

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Enquire Motilal Oswal Enquire Zerodha
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