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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 Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	Zerodha Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

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...	Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, wh...
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnage	BSE, NSE, MCX	NSE, BSE, MCX and NCDEX
Account Type	Standard Account	Standard Plan
Broker Enquiry

Stock Broker Fees / Charges

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

Trading Brokerage Charges

Brokerage Plan 1

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

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		₹20 per executed order

Taxes

	Motilal Oswal Securities Ltd	Zerodha
Securities Transaction Tax (STT)	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	Check table below	Check table below
SEBI Charges	Rs 15 per Crore	Rs 15 per Crore
Goods and Services Tax (GST)	18% on (brokerage + transaction charges)	18% on (brokerage + transaction charges)
Stamp Duty	Charged as per the state of the client's correspondence address.	Charged as per the state of the client's correspondence address.

Transaction Charges

	Motilal Oswal Securities Ltd	Zerodha
Equity Delivery	NSE: 0.00335% \| BSE: 0.01%	NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Intraday	NSE: 0.00325% \| BSE: 0.002%	NSE ₹325 per crore \| BSE ₹1 per trade (each side)
Equity Futures	0.002%	NSE ₹210 per crore \| BSE ₹1 per trade (each side)
Equity Options	NSE 0.0511% \| BSE 0.002% (on premium)	NSE ₹5300 per crore \| BSE ₹1 per trade (each side)
Currency Futures	0.00125%	NSE ₹135 per crore (0.00135%)
Currency Options	0.042% (on premium)	NSE ₹4400 (on premium) per crore (0.044%)
Commodity	MCX: 0.0025%	Non-Agri ₹360 (0.0036%) \| Agri ₹275 per Crore

Exposure

	Motilal Oswal Securities Ltd	Zerodha
Equity Delivery	20x for Margin+ (Over 140 Stocks), 4x for other stocks	1x (no margin)
Equity Intraday	20x for Margin+ (Over 140 Stocks), 4x for other stocks	Up to 20x (based on the stock)
Equity Futures	Intraday - Upto 2x, 4x for CO	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity Options	NA	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	Up to 3-4 times	Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span

Share Broker Features

	Motilal Oswal Securities Ltd	Zerodha
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	Orion Lite	Kite Web, Kite Android/iOS, Pi, Coin
Intraday Square-off Time		3:10 PM
Other Features		Direct Mutual Funds

Broker Ratings (Average User Rating)

	Motilal Oswal Securities Ltd	Zerodha
	78 Customer Reviews	322 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Motilal Oswal is Rated 2.7 / 5 based on 78 customer reviews	Zerodha is Rated 3.8 / 5 based on 322 customer reviews

Contact Broker / Request A Call Back

	Motilal Oswal Securities Ltd	Zerodha
Contact / Request Call Back	Name Phone Number Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

Investment Options Available

	Motilal Oswal Securities Ltd	Zerodha
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	PMS, Fixed Deposits, Insurance, Derivatives

Customer Service Offered

	Motilal Oswal Securities Ltd	Zerodha
24/7 Customer Service
Onine Live Chat
Through Branches

Order Type

	Motilal Oswal Securities Ltd	Zerodha
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Research / Tips / Reports Published

	Motilal Oswal Securities Ltd	Zerodha
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Suitable for Investor Category

	Motilal Oswal Securities Ltd	Zerodha
Casual Investor
Active Investor
Trader

Pros, Cons and Other Review Comments

	Motilal Oswal Securities Ltd	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. 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		Useful Articles about Zerodha: Frequent Asked Questions about Zerodha The cost of share trading with Zerodha Flat Fee Stock Trading Broker in India Zerodha Fund Transfer (Deposit & Withdrawal) RKSV Vs Zerodha - Comparison of Brokerage Charges, Fees and Taxes
Promo / Offers	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.
	Enquire about Motilal Oswal	Enquire about Zerodha
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