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Motilal Oswal Vs Zerodha (Compare Motilal Oswal and Zerodha)

Motilal Oswal Securities Ltd Logo

About Motilal Oswal
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 Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it... Know more about Motilal Oswal Securities Ltd

Motilal Oswal Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
Zerodha Logo

About Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha

Zerodha Review Brokerage Demat Account Mobile App Account Opening IPO NRI Account Trading Software Mutual Fund Is it safe? API Review FAQs
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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
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Motilal Oswal Vs Zerodha Charges & AMC

Motilal Oswal trading account opening charges is Rs 0 while Zerodha account opening changes is Rs 200. Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and Zerodha Demat Account AMC Charges is Rs 300.

  Motilal Oswal Zerodha
Trading Account Opening Charges Rs 0 Rs 200
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Free (Rs 400 2nd year onward) Rs 300
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Motilal Oswal Vs Zerodha Brokerage

Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) 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
Equity Delivery 0.50% Rs 0 (Free)
Equity Intraday 0.05% (both side) Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.05% (both side) Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 100 per lot (both side) Rs 20 per executed order
Currency Futures Rs 20 per lot (both side) Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 20 per lot (both side) Rs 20 per executed order or .03% whichever is lower
Commodity Futures 0.05% (both side) Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per executed order or .03% whichever is lower
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Motilal Oswal Vs Zerodha Brokerage Plan 2

  Motilal Oswal Zerodha
Account Type Value Pack (VP2KLT) Flat Brokerage Plan
Fixed Charges Rs 2000 (one time fee)
Equity Delivery 0.40% Rs 0 (Free)
Equity Intraday 0.04% (both side) Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.04% (both side) Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 50 per lot (both side) Rs 20 per executed order
Currency Futures Rs 22 per lot (both side) Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 22 per lot (both side) Rs 20 per executed order or .03% whichever is lower
Commodity Futures 0.04% (both side) Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per executed order or .03% whichever is lower
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Motilal Oswal Vs Zerodha Brokerage Plan 3

  Motilal Oswal Zerodha
Account Type Value Pack (VP1LACLT) Flat Brokerage Plan
Fixed Charges Rs 1,00,000 (one time fee)
Equity Delivery 0.10% Rs 0 (Free)
Equity Intraday 0.01% (both side) Rs 20 per executed order or .03% whichever is lower
Equity Futures 0.01% (both side) Rs 20 per executed order or .03% whichever is lower
Equity Options Rs 20 per lot (both side) Rs 20 per executed order
Currency Futures Rs 10 per lot (both side) Rs 20 per executed order or .03% whichever is lower
Currency Options Rs 10 per lot (both side) Rs 20 per executed order or .03% whichever is lower
Commodity Futures 0.01% (both side) Rs 20 per executed order or .03% whichever is lower
Commodity Options Rs 20 per executed order or .03% whichever is lower
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Motilal Oswal Charges Vs Zerodha

Minimum Brokerage Rs 25 for Delivery and Rs 12 for Intraday 0.03% in Intraday and F&O
Other Charges Minimum balance: Rs 1,000 Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
Call & Trade Charges Nil Rs 50 per executed order
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Motilal Oswal Vs Zerodha Transaction Charges

Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while Zerodha exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium).

  Motilal Oswal Zerodha
Equity Delivery NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 200 per Cr (0.002%) NSE Rs 200 per Cr (0.002%)
Equity Options NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) NSE Rs 5300 per Cr (0.053%) (on premium)
Currency Futures Rs 125 per Cr (0.00125%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%)
Currency Options Rs 4200 per Cr (0.042%)(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%)
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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)
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Compare Motilal Oswal and Zerodha Features

The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. 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 Orion Lite, MO Trader App 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
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Motilal Oswal Vs Zerodha Review

Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews whereas Zerodha is rated 3.7 of 5 based on 459 customer reviews.

  Motilal Oswal Zerodha
  126 Customer Reviews    Rate Motilal Oswal 459 Customer Reviews    Rate Zerodha
Fees 2.7 3.7
Brokerage 2.2 4.3
Trading Platform 2.9 3.6
Customer Service 2.6 3.4
Research Capabilities 2.5 2.9
Overall Ratings Rated 2.3 stars Rated 3.7 stars
Broker Rating Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews Zerodha is rated 3.7 of 5 based on 459 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Zerodha Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online 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, Derivatives
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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 Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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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
  • 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.
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • 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
  • 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.
  • 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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha Special Offer

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery 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 Instant Zerodha Account online and start trading today.
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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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