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Motilal Oswal Vs Zerodha Share Broker Comparison

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

  Motilal Oswal Securities Ltd Zerodha
 
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 What is this parameter? Full Service Broker Discount Broker
Supported Exchnage What is this parameter? BSE, NSE, MCX NSE, BSE, MCX and NCDEX
Account Type What is this parameter? Standard Account 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.
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Stock Broker Fees / Charges

  Motilal Oswal Securities Ltd Zerodha
Trading Account Opening Fees What is this parameter? ₹0 ₹300
Trading Account AMC What is this parameter? ₹0 ₹0 (Free)
Demat Account Opening Fees What is this parameter? ₹0 ₹100
Demat Account AMC What is this parameter? ₹299 (1st year free) ₹300
Demat Account is Mandatory? What is this parameter? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Motilal Oswal Securities Ltd Zerodha
Account Type Standard Account Standard Plan
Fixed Charges What is this parameter?
Equity Delivery Brokerage What is this parameter? 0.15% to 0.50% ₹0 (Free)
Equity Intraday Brokerage What is this parameter? 0.015% to 0.05% ₹20 per executed order or .01% whichever is lower
Equity Futures Brokerage What is this parameter? 0.015% to 0.05% ₹20 per executed order or .01% whichever is lower
Equity Options Brokerage What is this parameter? ₹25 to ₹100 per Lot ₹20 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage What is this parameter? ₹20 per Lot ₹20 per executed order or .01% whichever is lower
Currency Options Trading Brokerage What is this parameter? ₹20 per Lot ₹20 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage What is this parameter? 0.03% ₹20 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage What is this parameter? ₹20 per executed order or .01% whichever is lower

Other Charges

Minimum Brokerage Charges What is this parameter? ₹25 for Delivery and ₹12 for Intraday ₹0
Other Brokerage Charges What is this parameter? Minimum balance: ₹1,000 Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges What is this parameter? ₹20 per executed order
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Taxes

  Motilal Oswal Securities Ltd Zerodha
Securities Transaction Tax (STT) What is this parameter?
  • 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 What is this parameter? Check table below Check table below
SEBI Charges What is this parameter? Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) What is this parameter? 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty What is this parameter? 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 Zerodha
Equity Delivery What is this parameter? NSE: 0.00335% | BSE: 0.01% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Intraday What is this parameter? NSE: 0.00325% | BSE: 0.002% NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Futures What is this parameter? 0.002% NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side)
Equity Options What is this parameter? NSE 0.0511% | BSE 0.002% (on premium) NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium)
Currency Futures What is this parameter? 0.00125% NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%)
Currency Options What is this parameter? 0.042% (on premium) NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity What is this parameter? MCX: 0.0025% Group A - ₹260 per Cr (0.0026%)
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Exposure

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

  Motilal Oswal Securities Ltd Zerodha
3 in 1 Account What is this parameter? No No
Charting What is this parameter? Yes Yes
Automated Trading What is this parameter? Yes Yes
SMS Alerts What is this parameter? Yes No
Online Demo What is this parameter? Yes Yes
Online Portfolio What is this parameter? Yes No
Margin Trading Funding Available What is this parameter? Yes No
Margin Against Shares (Equity Cash) What is this parameter?
Margin Against Shares (Equity F&O) What is this parameter?
Trading Platform What is this parameter? Orion Lite Kite Web, Kite Android/iOS, Pi, Coin
Intraday Square-off Time What is this parameter? 3:10 PM
Other Features What is this parameter? Direct Mutual Funds
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Broker Ratings (Average User Rating)

  Motilal Oswal Securities Ltd Zerodha
  79 Customer Reviews    Rate Motilal Oswal 329 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 2.7 stars Rated 3.8 stars
Broker Rating Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews Zerodha is Rated 3.8 / 5 based on 329 customer reviews
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Contact Broker / Request A Call Back

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

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

  Motilal Oswal Securities Ltd Zerodha
24/7 Customer Service What is this parameter? Yes No
Onine Live Chat What is this parameter? No No
Through Branches What is this parameter? Yes No
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Order Type

  Motilal Oswal Securities Ltd Zerodha
Bracket Order What is this parameter? Yes Yes
Cover Order What is this parameter? Yes Yes
Buy Today Sell Tomorrow (BTST) What is this parameter? Yes
Sell Today Buy Tomorrow (STBT) What is this parameter? Yes
After Market Order(AMO) What is this parameter? Yes
Good Till Cancelled (GTC) What is this parameter? Yes No
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Research / Tips / Reports Published

  Motilal Oswal Securities Ltd Zerodha
Daily Market Report What is this parameter? Yes No
Free Tips What is this parameter? Yes No
Quarterly Result Analysis What is this parameter? Yes No
News Alerts What is this parameter? Yes No
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Suitable for Investor Category

  Motilal Oswal Securities Ltd Zerodha
Casual Investor What is this parameter?
Active Investor What is this parameter? Yes
Trader What is this parameter? Yes Yes

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Pros, Cons and Other Review Comments

  Motilal Oswal Securities Ltd Zerodha
Pros What is this parameter?
  • 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...

  • 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 What is this parameter?
  • 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 What is this parameter? Useful Articles about Zerodha:
Promo / Offers What is this parameter?

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.

Truly free equity delivery trading

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

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