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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.
Motilal Oswal has diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corpora... 
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).
Zerodh...
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 Zerodha Account |
Motilal Oswal trading account opening charges is Rs 0 (Free) while Zerodha account opening changes is Rs 200. Motilal Oswal Demat Account AMC Charges is Rs 400 (Free for 1st Year) and Zerodha Demat Account AMC Charges is Rs 300.
| Motilal Oswal | Zerodha | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 200 |
| Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 400 (Free for 1st Year) | Rs 300 |
Motilal Oswal brokerage charges for equity is 0.20% and intraday is 0.02% 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 | 0.20% | Rs 0 (Free) |
| Equity Intraday | 0.02% | 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 or .03% whichever is lower |
| 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 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. |
| 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 |
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%) |
| Open Zerodha Account |
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 Zerodha Account |
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 |  |
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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 | |
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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 | 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? | |
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| Referral Program | |
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| Other Features | Direct Mutual Funds, APIs for Algo Trading | |
| Open Zerodha Account |
Motilal Oswal is rated 2.3 of 5 based on 132 customer reviews whereas Zerodha is rated 3.7 of 5 based on 466 customer reviews.
| Motilal Oswal | Zerodha | |
|---|---|---|
132 Customer Reviews  |
466 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.3 of 5 based on 132 customer reviews | Zerodha is rated 3.7 of 5 based on 466 customer reviews |
| 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. |
| Motilal Oswal | Zerodha | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| IPO | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance |
| Motilal Oswal | Zerodha | |
|---|---|---|
| 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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| Open Zerodha Account |
| Motilal Oswal | Zerodha | |
|---|---|---|
| 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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| Motilal Oswal | Zerodha | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
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| Motilal Oswal | Zerodha | |
|---|---|---|
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| Reviews | ||
| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
Zerodha Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open Instant Zerodha Account online and start trading today. |
| Open Zerodha Account |
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:
Key features of Zerodha:
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.
|
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 |
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Relationship Manager |
No |
Yes |
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Offline Branch Support |
No |
Yes |
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Margin Funding |
No |
Yes |
|
Motilal Oswal |
Zerodha |
|---|---|
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Full-Service Broker |
Discount Broker |
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Branches spread all over the country with offices in over 570+ cities |
No branches |
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Personalized services through relationship manager. |
No personalized services. |
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Provides research and trading tips. |
No research and recommendations are provided. |
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Offers free account opening |
Charges Rs. 200 towards account opening. |
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Option to choose from various brokerage schemes. |
One brokerage scheme across all investors. |
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Rs 400 as Demat account AMC |
Rs 300 as Demat account AMC |
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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. |
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Offers margin funding. |
No margin funding. |
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Undertakes proprietary trading. |
Does not undertake proprietary trading |
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
Zerodha is better than Motilal on the following grounds
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
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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